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India, which was the second largest exporter ofand apparel during 2014-17 after China, has fallen to the 5th rank in 2018 as Germany, Bangladesh and Vietnam have stepped in, according to chairman of Confederation of Indian Textile Industry (CITI) Sanjay K Jain. India's exports in this sector fell from $38.60 billion in 2014 to $37.12 billion in 2018.India’s imports in this sector increased from $5.85 billion to $7.31 billion during the same period, according to a CITI press release.CITI has
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India’s new cabinet on May 31 approved a scheme offering pension coverage to traders. All shopkeepers,traders and self-employed persons are assured a minimum monthly pension of ₹3,000 after turning 60. The scheme, expected to benefit more than 3 crore, is based on self-declaration as no documents are required except Aadhaar and bank account.This is part of the Prime Minister Narendra Modi’s vision to provide a robust architecture of universal social security, according to a press release from th
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Studio 54. © PG DenimCiao Milano, the new edition of the Denim Première Vision show, taking place this week, features a project signed by Paolo Gnutti, akaPG Denim. The company, under Gnutti’s creative guidance, has two clear objectives in mind: on the one hand, expanding its presence on the high-end denim market, focusing more and more on a bespoke approach and on product innovation, on the other hand, the ambitious goal of manufacturing one million metres of fabric in the year 2019.This path o
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Denim is one of the most growing sectors in Bangladesh RMG industry. Bangladesh is the 3rd largest denim garments exporter to the USA and 1stto the EU market. Bangladesh denim sector is facing many challenges like efficiency, quality ensuring, profitability, etc. Efficient denim professionals are vital to ensure the sustainable growth of the denim sector who will run the denim factories successfully.Figure 1: Participants with Trainer Engr. Rafat Hasan Chowdhury at the R&D department of Ambe
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Leaders of the textiles and apparel sectorbodies in Bangladesh recently sought 5 per cent cash incentive for export of apparel products to both traditional and non-traditional markets for the next five years to sustain production and maintain the industry’s edge in the global arena. They addressed a press conference in Dhaka recently on the issue.The press conference was jointly organised by the BangladeshMills Association (BTMA), the Bangladesh Garment Manufacturers and Exporters Association (B
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At ITMA 2019, Jeanologia, developer of sustainable and efficient technology, will present a new production model based on digitalisation and sustainability that reduces times and simplifies processes, reinventing the way of producing jeans, in booth H2, C312. The garment andtechnology exhibition will be held from June 20-26, 2019, in Barcelona.The company will show a complete solution that achieves 100 per cent ecological production, speeding up time tothrough the perfect integration of hardware
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Newgathered by SCORE, a non-profit organisation offering free business mentoring services to small US businesses, reveal 98.6 per cent of US manufacturing companies are small businesses and 75.3 per cent of those have fewer than 20 employees. Manufacturing businesses drive the US economy, said SCORE chief executive officer Ken Yancey.Manufacturing businesses generated 11.6 per cent of the US economic output last year and employed 8.5 per cent of the US workforce, but 89 per cent of manufacturers
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To boost job creation and exports, the new government at the Centre should resolve issues related to Technology Upgradation Fund Scheme (TUFS), Southern India Mills’ Association (SIMA) has said. The association has also appealed for release of ₹9,000 crore pending TUFS subsidies on a fast track. The Narendra Modi-led NDA government will take oath on May 30.Pic: ShutterstockTheindustry is the single largest employment provider in India, next only to agriculture. It employs over 110 million people
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Britishtycoon Philip Green’s Arcadia Group recently announced plans to close 23 of its 566 UK-Irish stores in a major restructuring of the fashion business that may also see its Topshop/Topman stores close in the United States. Arcadia said it had instigated seven company voluntary arrangements (CVAs), mechanisms that allow the business to avoid insolvency.Arcadia also runs fashion retailers Wallis, Miss Selfridge, Dorothy Perkins, Evans, Burton and Outfit.Several British store groups have eithe
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Gucci is under fire for selling a $790 turban. Members of the Sikh community claimed about Gucci’s cultural appropriation of a sacred religious garment offensive. Much of the criticism was directed at the designer’s use of the turban especially on non-Sikh models and claimed about the fact that the majority of models are white.The Italian luxury brand is known for its purpose of branding in an experimental fashion especially is held to show the performance of designers and almost always take the