Textile Industry News

Industry Players welcome Walmart Entry The acquisition of Flipkart by Walmart has dominated business discourse over the last one month. Industry insiders tell Fibre2Fashion what they feel about the deal. The acquisition of Indian e-commerce biggie Flipkart by an even bigger American retail giant … Read more about Industry Players welcome Walmart Entry

Irani, EPCH To Work Towards Enhancing Textile Export Union textile minister Smriti Irani and Union finance minister Piyush Goyal recently called a meeting with the heads of Export Promotion Councils (EPCH) to formulate the strategies for enhancing export in each sector which comes under the … Read more about Irani, EPCH To Work Towards Enhancing Textile Export

US Bans Import Of Cotton Goods From Turkmenistan The US Customs and Border Protection (CBP) has issued a Withhold Release Order (WRO) last week banning the importation of all Turkmenistan cotton or products produced in whole or in part with Turkmenistan cotton. Following the ban, retailers and … Read more about US Bans Import Of Cotton Goods From Turkmenistan

Textile Processors In Surat Hike Job Charges Textile processors in Surat have collectively decided to hike their job charges for processing all types of finished fabrics by ₹2 per metre due to rising costs of dyes, chemicals, coal and textile workers’ wages. The decision was taken during a … Read more about Textile Processors In Surat Hike Job Charges

Uzbekistan & Turkey Plan To Launch Textile Trade Centre Uzbekistan and Turkey are planning to create a wholesale trade centre called Textilkent for textile products and knitted garments. The centre will be inspired by similar centres created in Turkey and Europe. Preliminary agreements were made … Read more about Uzbekistan & Turkey Plan To Launch Textile Trade Centre

Surat Textile Traders' Sales Fell 40% Post GST The implementation of the Goods and Services Tax (GST) has led to a drop of 30-40 per cent in the textile sales in Surat, according to the Federation of Surat Textile Traders Association (FOSTTA). The association claims that the new tax regime … Read more about Surat Textile Traders’ Sales Fell 40% Post GST

3 US Researchers To Study Cotton In Space Station A project by a Clemson University scientist to explore the cotton genome and how it reacts in microgravity and normal gravity and another by a University of Wisconsin (UW)-Madison botanist to study cotton seedlings grown on the International Space … Read more about 3 US Researchers To Study Cotton In Space Station

Vietnamese enterprises must partner with firms in the Asia-Pacific region for stronger growth in times of increasing global economic integration, participants concluded at a recent conference in Hanoi on strengthening partnership between the Vietnam Chamber of Commerce and Industry (VCCI) and the … Read more about Need For Vietnam To Partner With APAC Firms

Indian Textile Minister Hears Himachal's Pending issues Himachal Pradesh industries minister Shri Bikram Singh recently met Indian textiles minister Smriti Irani in New Delhi to apprise her about various pending issues of the state and requested for early approvals and release of funds under … Read more about Indian Textile Minister Hears Himachal’s Pending issues

Levi Strauss & Co Revenue Soars 22% In Q1 2018 For the first quarter of 2018, the revenues of Levi Strauss & Co grew 22 per cent on a reported basis and 16 per cent excluding $55 million driven by broad-based Levi's brand growth in all regions and channels. On a reported basis, direct-to-consumer … Read more about Levi Strauss & Co Revenue Soars 22% In Q1 2018

Turkish Unions Want Living Wage In Textile-Garment Sector Textile, garment and leather sector unions in Turkey have pledged their support to the worldwide initiative called ‘Action, Collaboration, Transformation’ (ACT) led by IndustriALL Global Union, brands and retailers to achieve living wages. … Read more about Turkish Unions Want Living Wage In Textile-Garment Sector