VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, intends to split into two independent, publicly traded companies: VF Corporation, a global apparel and footwear powerhouse, and a yet-to-be named company (NewCo), which will hold VF’s Jeans and VF Outlet businesses and will be a global leader in the denim category. It has been announced by VF Corporation’s board of directors. The company expects to create these companies through a tax-free spin-off of N

ITMA 2019, a leading textile and garment technology exhibition to be held from 20 to 26 June 2019 in Barcelona, is all set to display an exciting range of the latest trends, technologies, and materials. The exhibition space has been fully booked by the application deadline and the organising team has been busy allocating space to successful applicants. One of the top sectors in terms of space applied is spinning. An established name in the sector at every ITMA edition is Murata Machinery.

Stahl, a leader in surface treatment and coating solutions for flexible materials based in Germany, has announced that it is working with IT company, HP, to increase durability of printed synthetics. The two companies will combine their expertise and product portfolio to help textile developers to print unique durable designs in a more sustainable way. The collaboration between Stahl and HP underlines the importance of introducing innovations that transform the growing synthetic market whi

The Indian Government has extended the suspension of the reverse charge mechanism (RCM) on purchase of goods or services by registered dealers from unregistered dealers within the state till September 30 next year, according to the Central Board of Indirect Taxes and Customs (CBIC). The suspension was earlier valid till September 30 this year. With this, any registered dealer can purchase goods or services from unregistered dealers without paying goods and services tax (GST) under reverse

India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 5.09 per cent for the month of July 2018 over same month of last year. The index for apparel decreased by 0.7 per cent to 138.2 in July, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.The official WPI for all commodities (Base: 2011-12 = 100) for the month of July 2018 rose by 0.4 per cent to 119.7 from the previous month’s level of 119.2,

Amazon India has signed a memorandum of understanding (MoU) with the government of Uttar Pradesh to support MSME entrepreneurs across nine districts as a part of the government’s One District One Product (ODOP) scheme. The e-commerce giant has now become the preferred online partner for the promotion of the state's original and genuine art and crafts. Amazon India through its Kala Haat Program will help traditional industries, synonymous with respective districts of the state, leverage e-comm

The Indian commerce and industry ministry is reportedly working on an industrial policy that may have special provisions for manufacturing in the textile and footwear sectors and expanding export hubs, which are concentrated in a few states now, across the country. It will tie in existing initiatives and be a focal point for various industry-wise policies. As Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana account for 70 per cent of India’s exports, the government plans to stop t

Central Silk Board (CSB) has notified recently developed races—BDR-10, PM x FC2, and C2—of silkworm seed of mulberry and Vanya silk for increasing the productivity of cocoons and to increase the income of the farmers engaged in sericulture. Silk worm breeds for specific agro-climatic condition are essential for increasing the productivity of cocoons. Tropical Tasar Silkworm (BDR-10) race developed by the CSB have 21 per cent more productivity than the traditional Daba breed. Farmers can get u

Indian textiles minister Smriti Irani recently said fabrics needed for the armed forces will be manufactured in India as scientists, her ministry, the industry and the armed forces are working together to achieve that. The government has also appointed a group of secretaries for transforming India as the textile machinery manufacturing hub, she said in Surat. Irani was in the city to inaugurate Yarn Expo-2018 organised by the Southern Gujarat Chamber of Commerce and Industry (SGCCI).

India’s Odisha state government, which has a textiles policy in place, plans to launch an exclusive policy on handicrafts at its Make in Odisha conclave on November 11-15. The handicrafts sector is one of the six focus sectors in its Industrial Policy Resolution, 2015. A dedicated November 13 session at the conclave will be on apparel and technical textiles. The Federation of Indian Chambers of Commerce & Industry (FICCI) is the industry partner for the investment summit, according to