The past months can be characterized as a time with significant uncertainty and volatility in the global economy.has caused sourcing shifts, concern over prices and great tension in the apparel and textile supply chain. Just like a domino effect, the world cotton market is suffering and its prices hitting the lowest within 10 years says most of the story.The long-term effect on the cotton market is undulating from the farm to the commodities market, with prices taking a sizable hit as the U.S. l

There is a huge jump in imports of viscose yarn compared to the previous year, which is hurting domestic yarn manufacturing spinning mills, according to the Indian Texpreneurs Federation (ITF). This can be addressed if the domestic spinning industry is able to buy viscose fibre at international prices and is also protected from low-priced yarn imports.In recent years, the demand and use of viscose products has increased in the Indianindustry, as the sector is slowly and gradually moving towards

A delegation ofentrepreneurs from Rajasthan’s Pali district recently discussed with state chief minister Ashok Gehlot various problems related to water pollution by industrial units and its treatment. Gehlot assured them that the state is working on a permanent solution to combat water pollution in the textile zone in Jodhpur, Pali and Balotra.Pic: ShutterstockIn compliance with instructions given by the National Green Tribunal from time to time, the stateis upgrading the existing common effluen

The Washington-based National Council of Textile Organizations (NCTO) – representing the full spectrum of US textiles from fibres through to finished sewn products – has welcomed President Trump’s announcement that he will impose a 10% tariff on the remaining US$ 300 billion of imports from China on 1 September.The US textiles industry has long supported the administration’s efforts to crack down on China’s abuse of intellectual property rights while also calling on the administration to include

NEW DELHI – A new YouGov survey of Indian consumers indicates that while a large majority of shoppers consider the sustainable manufacture of garments as a high priority, the material quality, fit, design and price have controlling influence over product purchase.In what supports a recent, YouGov’s findings recommend that fashion brands introduce more stylish, sustainable ranges if they’re to tilt the balance, offer more competitive prices for sustainable fashion items and, via labelling, highli

Due to uncertainties in the global apparel market with the US-China trade war looming over the horizon created a negative domino effect in the spinning sector. The second-largest cotton producer country India has been observing uncertainties in its spinning sector due to this.Figure: India has been observing uncertainties in its spinning sector due to US-China trade war.Between April and June of FY 2019 alone, cotton yarn exports from India downed by 33% compared to the same period last year.The

As Manipur celebrated the 20th State Handloom Day on August 2, the state, commerce and industries minister Th Bishwajit called for a concerted effort for promotion of handloom and handicraft products, the second largest source of income of the people in the state. The celebration event was organised by the state Handlooms Promotion Council.Pic: ShutterstockThe statehad introduced a handloom delivery system to raise production and income of weavers, media reports from the state quoted the ministe

Gildan Activewear, a leading manufacturer of everyday basic apparel, has recorded sales of $802 million in Q2 2019, up 5 per cent from Q2 2018. It generated GAAP diluted EPS of $0.49, and adjusted diluted EPS of $0.56, up 8 per cent over prior year quarter. Net sales for six months ending June30, 2019 totaled $1,425.6 million, up 1 per cent from $1,411.5 million for same period last year.Pic: Gildan ActivewearUnderwear sales of Gildan grew more than 50 per cent in Q2 over the prior year quarter,

West Bengal chief minister Mamata Banerjee recently said Microsoft will create an e-commerce platform connecting six lakh weavers in the state. The firm had announced the launch of a new e-commerce platform for handloom weavers under its ‘Project ReWeave’. The project will begin from Nadia district and help spur weavers’ income by 25 per cent, Banerjee said.Pic: ShutterstockThe platform would help artisans connect directly with buyers, enabling them to expand to newer customers and markets, a ne

MMI Textiles, a diversified supplier of fabrics, trims, hardware and other notions has acquired the assets of Competition Textiles. Mike Wire, the former owner of Competition Textiles, has been in the textiles industry for 40 years, and started Competition Textiles in 1996 after 17 years with Top Value Fabrics.Competition Textiles is a synergistic acquisition for MMI as it is also a woven fabrics converter, as well as an importer of fabrics, which will enhance the existing stock line for MMI Tex