The International Monetary Fund (IMF) recently retained its growth projection for India at 7.5 per cent for 2019-20, saying it is likely to accelerate to 7.7 per cent in 2020-21. India’s economy is poised to pick up in 2019, gaining from low oil prices and a slower pace of monetary tightening than expected earlier as inflation eases, says an IMF report. With the latest outlook, India will remain the fastest-growing economy in the world, at least for the next two years, according to Indian me

Courtesy: Messe FrankfurtIntertextile Shanghai Apparel Fabrics – Spring Edition will see larger product zones and country pavilions – proving the fair’s growing recognition from worldwide suppliers who view these zones as gateways to the apparel market. The three-day fair beginning March 12 will benefit exhibitors and visitors alike, to locate more potential business partners. The reputation of Intertextile Apparel’s Spring Edition has established a global flagship for apparel sourcing.

To boost investor confidence, the Indian ministry of textiles recently issued a clarification to allay reported disinformation regarding investment accrued by Gujarat state since 2014-15 in the textile sector. The textile commissioner’s office has recorded the figure as ₹30,934 crore as per data submitted by 7,182 textile units, the ministry said. The central government sanctioned and released ₹1855 crore to aid 2,109 textile units in the state through 60 banks, it said in a pre

Courtesy: Business Wire/Sector SixEsports retail and merchandise company We Are Nations has acquired Sector Six Apparel, an esports apparel brand specialising in jerseys and custom team wear for all. We Are Nations provides merchandise design, sales, manufacturing and distribution services for esports teams, leagues and other endemic and non-endemic brands operating in the esports space. Post-acquisition, We are Nations (Nations) will be expanding Sector Six into Europe in early 2019. “As Nati

Asahi Kasei’s Roica Eco Smart family of stretch fibre that offers responsible yarns, will be presented at ISPO Brandnew, the biggest sporty start-ups, which will be held from February 3-6, 2019, in Munich, Germany, in hall B4.430. The Roica booth will have a new centralised position at ISPO Munich, to lead the way towards responsible innovation. Fantastic new collections created by Roica partners, that combine function and contemporary values for the modern customer, will be seen. Asahi Ka

Courtesy: UKFTIn her role as the president of UK Fashion & Textile Association (UKFT), Princess Anne from the royal British family paid a visit to the United Kingdom (UK) manufacturing facility of New Balance, a US-based multinational sports footwear manufacturer. The UK site produces more than 12,000 pairs of shoes a week, which equates to more than 580,000 pairs a year. The company has developed value streams under the Japanese ‘lean’s system of manufacturing, which has reduced produc

Courtesy: Texprocess MessefrankfurtTexprocess is set to focus on individualisation, automation, and digitalisation with micro-factories for the future of clothing production. The trade fair for processing textiles and flexible materials will be held from May 14-17, 2019, at Frankfurt am Main, Germany. Micro-factories are based on networked and integrated procedures of textile processing. In a total of four micro-factories at the up-coming Texprocess, trade visitors will be able to get an ide

Courtesy: PxhereCotton Association of India (CAI) is soon going to launch a ‘CAI trader mobile app’ for the benefit of all its members who deal in cotton trade. This was announced by CAI president Atul Ganatra at the CAI Members’ Annual Gala Dinner held in Mumbai last evening. The app would help cotton traders with fresh market data about prices and arrival. In addition to data of BSE and MCX rates, the app will also give live data of USD/INR exchange rate and ICE cotton futures price.

Courtesy: Cotton USACotton USA shared US cotton’s sustainability story at the recently held Hong Kong Denim Festival (HKDF), sponsored by CreateTHK and organised by Vocational Training Council (VTC) and Hong Kong Design Institute (HKDI) in PMQ, Central and Sham Shui Po fabric wholesale district. Cotton Council International (CCI) is the marketing arm of the US cotton sector. The festival is a three-week cultural and design event that aims to promote denim culture and generate impactful cultu

Eighty one per cent of garment and footwear factories in Cambodia have implemented the government’s new requirement to pay workers’ wages twice a month, the ministry of labour and vocational training recently announced. Terming that ‘acceptable’, ministry spokesman Heng Sour but said the government would penalise non-abiding enterprises. According to the new law approved on September 21 last year, garment and shoe factories must pay workers’ wages in two instalments each month beginning this