Apparel Imports

Uniqlo criticised in China after CEO's Xinjiang comments in BBC's interview

The issue of sourcing from Xinjiang, where rights groups and the U.S. government accuse China of abuses against the Uyghur population, has been a geopolitical minefield for foreign firms with a large

Inditex boosts fast fashion flights from India to avoid shipping delays

Apparel retailers, and exporters in general, have increased their use of air freight since insecurity in the Red Sea disrupted global shipping routes

Arvind Retailers Q2FY25 results: Pre-tax profit rises 19% to Rs 135 crore

The advanced materials segment (AMD), through which Arvind makes fabrics and protective gear for construction work, grew 9 per cent

US buyers turn to India for apparel as Bangladesh faces growing concerns

With one-third of India's apparel exports heading to the US, the country has solidified its position as the fourth-largest supplier to the American market

India-Oman free trade agreement to help boost apparel exports: AEPC

A free trade agreement with Oman will help boost apparel exports as huge business opportunities are there in the Gulf nation for Indian exporters, AEPC said on Thursday. Negotiations for the pact, officially dubbed as the Comprehensive Economic Partnership Agreement (CEPA), are moving at a fast pace. The Apparel Export Promotion Council (AEPC) said that the swift movement towards CEPA is encouraging and will be a game changer for India- Oman bilateral trade. The bilateral trade between the two countries stood at USD 12.39 billion in 2022-23, up from USD 9.99 billion in the previous year. "The RMG (readymade garments) exports to Oman grew from USD 13 million in 2020 to USD 28 million in 2021. The customs duty in Oman is 5 per cent on RMG products. Though it is a small market but has immense potential to grow once tariff is eliminated post-FTA and will be another doorway to GCC countries," AEPC Secretary General Mithileshwar Thakur said. The Gulf Cooperation Council (GCC) is a union

Uniqlo announces second store in Mumbai; plans to enter southern market

Japanese apparel retailer Uniqlo now plans to enter the southern market to open its stores as part of the next phase of offline expansion in India. Uniqlo India on Wednesday announced to launch its second store in Mumbai as part of the strategic expansion of its retail network in the country. The retailer, which forayed into the Indian market in October 2019, has a substantial presence in North Indian cities like Delhi-NCR, where it operates 8 stores. It is also present in Lucknow and Chandigarh. The company is also on track to achieve 30 per cent domestic sourcing, as per the current FDI policy, with the help of a local supplier. It now works in India with 17 sewing factories and 6 fabric mills, Uniqlo India CEO Tomohiko Sei said. Uniqlo had announced to enter Mumbai earlier this year. Its first store in Mumbai at Phoenix Marketcity, Kurla, will open on October 6, and the second store at Goregaon East is scheduled to be launched on October 20, he said. Besides, the company, wh

UK's Superdry to sell S Asia IP assets to Reliance Retail for $48 million

Superdry and Reliance Retail, whose more than 18,000 stores sell everything from groceries to electronics, will own 24% and 76%, respectively, of the joint venture vehicle

Gokaldas Exports extends gains on commencement of operation at new unit

The company said it has a strong order book and is in the process of augmenting its capacity over the near term, to meet demand and clear Q1FY22 production backlog

Satyender Jain tests negative for Covid-19; discharged from hospital

The 55-year-old minister was shifted to the ICU of Max Hospital, Saket, on June 19 after his condition worsened

Textile demand may decline 25-35% in FY21 due to slowdown: Report

The demand of yarn, fabric and apparels is set to remain muted throughout first half of the financial year 2020-21

31% apparel units to shut down, 2.5 mn jobs at risk due to lockdown: CMAI

A study conducted by the industrial body says job losses in the textile value chain could be a staggering 10 million

Apparel exporters seek relief package, say millions could go jobless

Write to PM, saying foreign order cancellations would affect 12.9 million workers

Covid-19: Apparel exporters seeks stimulus package covering wages, credit

Wants wages to be paid out of ESI funds, govt to make employer's PF contribution; seek minimum 25% hike in working capital limits, without additional collateral

Rising apparel imports from Bangladesh threaten small garment makers

Foreign brands and organised retailers have increased their overseas sourcing