To provide a boost to manufacturing, the Government of India has doubled import duty on 328 textile products to 20 per cent from the earlier 10 per cent. This is in addition to the 50 textile products on which the government had doubled import duty last month. The increased duty is expected to give an edge to domestic manufacturers and create jobs. A notification tabled by minister of state for finance Pon Radhakrishnan in the Lok Sabha said it seeks to “increase Customs duty on 328 tariff li

The share of Bangladesh in the global apparel export market was 6.46 per cent in 2017, according to the latest statistics by the World Trade Organisation (WTO). The figure was 6.36 per cent in 2016. Annual exports of Bangladeshi apparel products rose by 2 per cent to $ 29.33 billion in 2017 from $28.22 billion in 2016, says the World Trade Statistical Review 2018. Bangladesh retained its rank as the third largest global exporter of clothing, followed by China and the European Union (EU), a

Kenya recently launched the National AGOA Strategy and Action Plan 2018 -23, which aims to double its 2016 export value to the United States of $552 million to $1,105 million by 2023. Apart from strengthening bilateral trade, the strategy will contribute to Kenya’s Big Four agenda of manufacturing, universal healthcare, affordable housing and food security. The African Growth Opportunity Act (AGOA) and the generalized system of preferences (GSP) offer preferential access to the US market f

Mobile phone-focussed marketing will influence seven out of 10 fashion accessory purchases in India in 2022, creating a $110 billion sales opportunity by then, according to a recent report by Facebook and KPMG. Higher use of mobile phones in the media mix can help create about $14 billion worth of potential revenue for fashion brands by 2022, it said. Marketing initiatives driven via the mobile platform are likely to influence two in three apparel purchases, amounting to $66 billion opport

Centric Software has unveiled a new 3D sample review mobile app, responding to market demand for innovations to digitally transform product design and development. Centric Software provides enterprise solutions to fashion, retail, footwear, outdoor, luxury, and consumer goods companies to achieve strategic and operational digital transformation goals. Fit is a key component of a brand’s DNA, yet it is also an enormous challenge for fashion and apparel companies to execute. In the era of in

India’s Karnataka state cabinet will constitute a sub-committee chaired by chief minister HD Kumaraswamy to decide on offering a special incentive package to the industry. The sub-committee will have the ministers for industries, small scale industries and revenue as its members, according to state law and parliamentary affairs minister Krishna Byre Gowda. The sub-committe will consider factors like proposed investment and job creation, Gowda said after a recent cabinet meeting. The

In the first quarter of fiscal 2019, the revenues of Arvind Limited, one of the largest textiles, Apparel and fashion players, have increased 10 per cent year-on-year. Backed by the strong performance of Branded Apparel business, the company delivered an impressive EBIIDA growth of 18 per cent. PAT before exception items grew by 13 per cent to 75 crore. For the reported period, the company was in joint venture with tier-1 auto supplier for seating and interior fabrics. It co-branded co-brande

Intertextile Shanghai Apparel Fabrics – Autumn Edition during September 27-29 will see over 70,000 trade buyers. It will have an Intertextiles Directions Trend Forum, a well-established research and marketing tool for international designers and garment professionals, which will feature wild textures and bold colours representing a journey towards tomorrow. In a time where clouds of technology dictate real social movements, A/W19 trends are set to explore the unknown world. The uncertainty

The Bangladesh Government and employers and workers groups will work towards creation of green jobs and promotion of social dialogue on a priority basis until 2020 in collaboration with the International Labour Organisation (ILO). These areas are part of a decent work country programme (DWCP) for the country agreed to recently in Dhaka by the four stakeholders. DWCPs are the main vehicles for delivering ILO’s support to countries. Each DWCP is organized around a limited number of prioritie

In Q2 of fiscal 2018, Dixie Group, one of the leading floorcovering companies, has recorded sales of $106,438,000 as compared to $107,187,000 in 2017, down 0.7 per cent, against same period in 2017 while the industry, as estimated, was flat. The gross profit for second quarter of 2018 was 23.6 per cent of sales, compared to a gross profit of 26.5 per cent. The US-based company also incurred a loss from continuing operations of $1,972,000 or $0.13 per diluted share as compared to a profit of $