India will launch a Focused Product Investment Scheme to attract funding in the man-made fibre (MMF) segment to boost its share in the global textiles market, according to textiles secretary Ravi Capoor, who recently told the Invest India Exclusive Investment Forum (Japan Edition) through video conference that the scheme aims to promote both greenfield and brownfield investments in the segment.Pic: ShutterstockUnder greenfield investment, a company builds its new facilities, whereas brownfield f

No wonder that climate change is a thought-provoking and broadly discussed topic in the arena of sustainable fashion. But according to, a widely known American management consulting firm, biodiversity loss is another area that must be looked upon with greater importance to be addressed, discussed, and taken into concern for finding pragmatic solutions. As it is declining faster than at any other point of human history, the trend must be decelerated before time ticks away.Why thinking about ‘biod

YANGON – The Complaints and Disputes Committee of the Dutch Agreement on Sustainable Garments and Textiles has informed workers’ rights organisations SOMO, Action Labor Rights (ALR) and Clean Clothes Campaign (CCC) that it will take up its complaint that fashion retailer C&A has turned a blind eye to rights violations at its Myanmarese supplier, Roo Hsing.Since 2018, when Myanmar’s minimum worker wage was increased to US$3.30, staff at the site of Roo Hsing have been at loggerheads with the

SaigonTex/SaigonFabric 2020 is postponed and the trade fair will now be combined with SaigonTex/SaigonFabric 2021,on April 7-10, 2021, the show organisers said on the fair website. The decision has been taken in view of the Vietnamese government continuing with the 14-day quarantine policy for foreigners entering the country, the organisers said.Pic: Dee Dalasio / Shutterstock.comWith the COVID-19 situation under control in Vietnam, the domestic textile and garment industry has resumed normal op

Owing to coronavirus pandemic and being the most impacted country, USA fell by 37.82 per cent in its denim apparel import during the first half of 2020.The country imported denim apparels worth US $ 1.08 billion in January to June ’20 period and saw some disruption in tally despite most of the countries declining significantly.Bangladesh has surpassed Mexico to become the top denim apparel exporting country to USA, while Vietnam dethroned China to grab the 3rd spot – all thanks to marginal surge

While welcoming the Reserve Bank of India's (RBI's) announcement of providing a framework for restructuring of MSME debt, the Indian Texpreneurs Federation (ITF) has requested the country's central bank to include the scheme as per the revised definition of MSMEs notified by RBI vide circular dated July 2, 2020, as it will benefit the spinning sector.Post-COVID-19, there is immense opportunity for Indian textile companies due to the favourable transition as preferred export destinati

The Reserve Bank of India (RBI) has extended the date for implementation of restructuring of MSME debt to March 31, 2021, from the previous December 31, 2020. The scheme offering debt restructuring is in place for MSMEs that were in default but 'standard' as on January 1, 2020. The scheme has provided relief to a large number of MSMEs, RBI said today.Pic: Shutterstock"However, the stress in the MSME sector has got accentuated on account of the fallout of COVID-19. Recognising the ne

Odd Concepts, an AI-based fashion tech company, has launched an AI style discovery platform, StyleCrush, to introduce a new paradigm in online fashion consumption to Singapore. Odd Concepts, which is headquartered in Seoul, Korea, is a fast-growing vision computing company with certified technology and performance in AI fashion marketing market.Pic: StyleCrushStyleCrush is a fashion discovery platform where consumers collect fashion style images according to their tastes in a digital album and t

According to EU estimates, the Chinese women’s underwear industry retail compound growth of 197 billion yuan is expected to be 300 million yuan by 2022. Meanwhile, China Apparel Association data estimate the scale, thanks to steady downstream customer demand, of China’s men’s underwear market at around EUR 171 billion 300 million for 2019. Men socks, thermal clothing and household garments are the other types.A significant number of Chinese clothing industry participants are involved, whose mode

Fitch Solutions believe Bangladesh’s reliance on its large ready-made garment sector for growth can both be a boon and a bane for the Bangladeshi economy over the long term. The Bangladesh garment sector will likely be among the top beneficiaries of the ongoing structural shift in low-end manufacturing out of China. However, the country’s strong reliance and constant focus on growing its ready-made garments sector could inhibit its wage growth and the country’s move up the value chain, and this