Technicaltextile.net, an online platform that enables businesses associated with the technical textiles industry meet their exact information needs and build successful brands, has launched its new look. An exclusive platform, technicaltextile.net enables its clients to make informed decisions by providing them with in-depth analysis of the market and their competitors through news, interviews, and well-researched articles. Technicaltextile.net, a Fibre2Fashion initiative, also provides

Little Yellow Bird, a company that produces ethical and sustainable workwear and basics, has raised $1.2 million to develop a tech platform which will verify the origins of apparel in the garment industry in a quest to end modern-day slavery. The tech platform called Origins will use NEM blockchain technology to trace garments from origin to sale. “Just like I did with Little Yellow Bird, I’m actually trying to solve a problem that I’ve faced first-hand and one that I can see impacts peopl

Annual expenditure on investment in logistics, including infrastructure, will touch $500 billion by 2025, according to Indian minister of commerce and industry Suresh Prabhu. The ministry is working on a national logistics policy and one on the development of multi-modal logistics parks to be announced soon, he said recently said in New Delhi. These initiatives will create millions of jobs and will do away with the hurdles in India’s internal and global trade, an official press release quo

A delegation from the Indian textile industry will display the latest trends at the Apparel Textile Sourcing Canada (ATSC) show, featuring more than 500 international exhibits, beginning August 20. The 3-day fair will open scope for foreign direct investment (FDI), with Indian firms quick to innovate and adapt to the fast-changing demands of the industry. "We are thrilled to announce that 40 established, new and emerging businesses will be featured in the show’s new India Pavilion, which will

Levi Strauss has announced a new climate action strategy, which sets aggressive targets for reducing carbon emissions across its owned-and-operated facilities and global supply chain by 2025. This includes using 100 per cent renewable electricity in company-owned facilities. Levi Strauss & Co. a global leader in jeanswear, headquartered in the US. While Levi Strauss has a strong track record of reducing carbon emissions in its own operations, the most significant climate impact, and th

US President Donald Trump recently issued a proclamation suspending application of duty-free treatment for all apparel items from Rwanda under the African Growth and Opportunity Act (AGOA). Rwanda, however, remains eligible for non-apparel benefits under AGOA. “We regret this outcome and hope it is temporary,” said Deputy US Trade Representative (USTR) CJ Mahoney. The presidential action suspends AGOA benefits for a class of imports that totalled $1.5 million in 2017, and which accounts fo

Ethiopia’s decision to start production of high-yielding genetically-modified (GM) cotton has thrown a challenge to rivals such as Kenya and Madagascar that are banking on textile manufacturing to drive economic transformation, say analysts. The country in June this year approved cultivation of two hybrid types of Bt cotton, JKCH 1050 and JKCH 1047. Ethiopian Government officials hope the step will achieve higher yields than conventional varieties and save the country huge import bills of

Archroma, leader in colour and specialty chemicals towards sustainable solutions, will showcase its innovative denim solutions for manufacturers and brands at DenimsandJeans India 2018 during August 1-2, in Bangalore, India. Archroma’s expert team will present coatings and washing solutions aiming at bringing denim creativity to a new dimension. Just two months after the DenimsandJeans Vietnam show, Archroma will again showcase its unique combination of technologies for denim effects and c

India’s Uttar Pradesh state is gearing up to host a mega ‘One District One Product’ (ODOP) Summit on August 10, to be inaugurated by President Ram Nath Kovind, to boost traditional industries under its ambitious ODOP scheme. The event is likely to offer a major push to micro, small and medium industries (MSMEs) that form the state’s industrial backbone. According to the state’s MSME minister Satyadev Pachauri, ODOP would integrate 20 million workers with MSMEs, a top Indian business daily

In the first quarter of fiscal 2019, Shoppers Stop Limited (SSL) has recorded a rise in the EBITDA by 37 per cent from 35.44 crore to 48.63 crore. The growth was primarily due to reduction in operating expenses. PAT grew by 363 per cent in the first quarter of from a loss of ₹3.72 crore to a profit of 9.77 crore (without including comprehensive income). The revenue growth would have been ideally flat or marginally positive, however due to the reclassification post implementation of Acco