The International Monetary Fund (IMF) has projected a 7.3 per cent growth rate for India this fiscal and 7.4 per cent in the next in its World Economic Outlook (WEO) report. India’s growth rate in 2017 was 6.7 per cent. This acceleration reflected a rebound from transitory shocks with strengthening investment and robust private consumption, according to IMF. With a strong medium-term growth prospects of 7.75 per cent because owing to ongoing structural reforms, the projections are slightly l

Courtesy: Klarna H&M and Klarna have entered into a partnership to further integrate H&M’s digital and physical stores to give customers a personalised shopping experience, no matter where, when, and how they shop. The partnership will deliver an unrivalled experience that will delight H&M customers across all touch-points, with a frictionless checkout across all channels. The partnership will power the H&M club payment programme, provide an enhanced omni-channel customer pa

The Atal Incubation Centre (AIC) at the National Institute of Fashion Technology (NIFT)-Tiruppur Exporters' Association (TEA) Knitwear Fashion Institute in Tirupur has signed a memorandum of understanding (MoU) with the Avinashilingam University for skill training in knitwear for employment. It will also support the trainees to market innovative products. The centre, which already has an agreement with the VLB Janakiammal College of Arts and Science for the same programme, plans to collaborat

Bangladesh labour leaders recently complained that readymade garment (RMG) factory owners have started laying off workers after announcing setting the wage floor at Tk 8,000 following a new wage structure implemented by the government. The new wage would be effective from December. The new wage structure for the RMG workers, however, is yet to be finalised. Just after the primary announcement of the wage for the lowest-grade workers, the factory owners started forcing operators to complet

The Cotton Association of India (CAI) has maintained its September estimate for the cotton crop at 365 lakh bales of 170 kg each for the season 2017-18 ending September 30, 2018. The estimate has continued with the same level as in the previous month. Further, CAI has estimated the shipment of cotton up to September 2018 at 69 lakh bales. The projection for total cotton supply up to September 30, 2018 was 416.00 lakh bales which consists the arrival of 365.00 lakh bales up to September 30, 20

Courtesy: Centric Software Bombas, the innovative, comfort-focused sock brand that donates a pair of socks to homeless shelters for every pair sold, has selected Centric Software’s Product Lifecycle Management (PLM) solution. Centric Software provides innovative enterprise solutions to fashion, retail, outdoor, and consumer goods companies to achieve digital transformation goals. Bombas is a swiftly growing company with plans to expand into new product categories in the near future. Accordi

Courtesy: Kornit Digital Kornit Digital has opened a new North American Headquarters and Experience Centre in Englewood, New Jersey. This will give the company opportunity to showcase and demonstrate its complete line of digital textile printing systems, consumables, and accessories to customers, partners, and innovators considering adding such technology to their print strategies. The new North American Headquarters and Experience Centre represents the company’s significant investment in t

Courtesy: Grace Sidi Kerir Petrochemicals Co (SIDPEC) has got the license for Unipol PP Process Technology by W R Grace, the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology. SIDPEC, leader in production of polyethylene in Egypt, will now produce value-added polypropylene products using the most up-to-date technology. Located in Alexandria, Egypt, the new, world-scale capacity SIDPEC facility will produce 450 KTA of polypropylene.

Leading Ukrainian textile fabric seller and producer Textile-Kontakt Group plans to invest up to 100 million Ukrainian hryvnia (UAH) in 2019 in a new fabric-manufacturing unit in Chernihiv. UAH 30 million will be invested this year as the company is scheduled to open in December. The annual capacity of the plant will be 2-3 million meters of fabric. The unit will create up to 80 jobs and when it reaches full production capacity by 2019 end, 100 more jobs will be created, according to a news

A steady growth in China’s e-commerce sector continues as online shops further integrate with physical stores, according to 100ec.cn, which said new retail and social e-commerce have become the driving forces for the boom. In the first half of 2018, total retail sales of consumer goods in China reached 18 trillion yuan, up 9.4 per cent year-on-year. Online retail market transactions rose 30.1 per cent in the period to 4.08 trillion yuan, or 22.7 per cent of the total, a report by the e-comme