Refuting a misconception that India offers subsidies to exporters, commerce and industry minister Suresh Prabhu recently said the government is trying to create enabling factors to ‘partially offset’ the lacunae in infrastructure and other adversities to help exporters access global markets. That in no way violates the global trading system, he clarified. He was addressing an award function organised by the Shellac and Forest Products Export Promotion Council (SHEFEXIL) recently, according to

The National Council of Textile Organization’s (NCTO) has applauded the July 10 announcement proposing $200 billion in Chinese goods for an added 10 per cent tariff. It has called on the Trump administration to include finished textile and apparel products on any future lists of imports from China to be made subject to Section 301 tariffs. The latest US announcement that it will impose 10 per cent tariffs on an extra $200 billion worth of Chinese imports, follows “China’s unjustified retaliat

The net revenues of Levi Strauss in Q2 of fiscal 2018 grew 17 per cent on a reported basis and 13 per cent excluding $35 million in favourable currency translation effects, driven by broad-based Levi's brand growth in all regions and channels. On a reported basis, direct-to-consumer revenues grew 19 per cent on performance and expansion of the retail network. The company had 53 more company-operated stores at the end of the second quarter of 2018 than it did a year prior. Wholesale reported r

Raymond Ltd’s flagship brand Park Avenue plans to double the number of its exclusive stores to 200 in the next two years and open its first international store in Sharjah in November, according to brand director Sharad Walia. Next month will see the launch of two products — Express Wardrobe for the upwardly mobile customer and Work Denims for office-goers. Currently sold through 30 Raymond stores in West Asia, Nepal and Sri Lanka, Park Avenue is planning to open 10 exclusive stores in the int

The garment processing zone (GPZ) in Nepal’s Simara Special Economic Zone (SEZ) will be operationalised within the next fiscal year, according to the country’s SEZ Development Authority, which said construction of the GPZ’s physical infrastructure is under way in full swing and is expected to be completed within the next six to seven months. Collaborative efforts from all government authorities involved is crucial to operationalise the GPZ at the earliest, said authority executive director Ch

SGS, one of the world’s leading inspection, verification, testing and certification companies, has launched a new exclusive range of comfort and athleisure wear services for the textile and footwear industries. This is a full range service in testing and technical support for comfort, performance, functional, and sportswear brands and suppliers. With this new service, SGS defines comfort into thermoregulation, skin sensation, body movement, and psychological comfort. Equipped with state-of-th

Swedish retail giant IKEA’s first India outlet will open in information technology hub of Madhapur Hyderabad on July 19, IKEA’s India CEO Peter Betzel said recently. With an investment of 1,000 crore, the store will employ 1,000 workers, stock 7,500 kind of products and will house IKEA’s largest restaurant in the world with 1,000 seats. The store’s parking space will have a capacity of 2,000 cars. IKEA will also offer for the first time in the world home delivery-cum-furniture assembly t

Textile entrepreneurs in Surat have requested Gujarat’s industries commissioner Mamta Verma to reduce power tariff in the textile sector and make fabrics manufactured in the state competitive to those made in Rajasthan and Maharashtra. Verma recently discussed the state’s new textile policy with the Southern Gujarat Chamber of Commerce and Industry (SGCCI). The policy will be implemented in October, according to a report in a top Indian daily. Verma was told that the power tariff in Guja

Walpole, the official sector body for British luxury and its 210 member companies, has sought a pro-business Brexit, asking the government to unite around and safeguard the future success of an industry that contributes £32.2 billion to the UK economy and exports £25 billion to overseas markets. Walpole was founded in 1992 as a not-for-profit organisation. Walpole CEO, Helen Brocklebank said, "We urge the government, once famous for being the party of business, to deliver a pro-enterprise

Bruckner, a global leader in dry finishing machines for textiles and technical textiles, has opened a new production facility in Tittmoning, Bavaria, on June 23, 2018. Representatives from politics, the church, banks, and industry were present when CEO of the company, Regina Bruckner, inaugurated the new, generously dimensioned production plant in Germany. Regina said, “With the new plant with 25,000 square metres of production space and a spacious office wing, we will continue to meet the