The onset of good monsoon and Government initiatives, the domestic textile market may grow by 7-8 percent, which was estimated at USD 60 billion in FY17, said Confederation of IndianTextile Industry (CITI) Chairman Naishadh Parikh. While, the textiles exports, estimated at USD 40 billion, is likely to expand by 5-8 percent this fiscal. Parikh, welcoming the new Textiles Minister Smriti Irani, said that the appointment of a dynamic, progressive and result-oriented Cabinet Minister like Iran

Indian garment exporters are exploring opportunities in Iran, although the United States and the European Union are important markets for them, they are exploring new markets for textiles exports in an attempt to reduce their dependence on these two regions for growth, said Rashmi Verma, Secretary, Ministry of Textiles, on the sidelines of an event in Mumbai. A delegation led by the Ministry of Commerce and accompanied by over half a dozen industry officials recently met with their counterpar

Vietnam's textiles and garment products that accounted for nearly 14 percent of the country’s exports last year, is likely to miss the annual shipment target of $31 billion this year has it is facing downshift which industry insiders attribute to the rise of new suppliers in the global market. It’s textiles and garments exports in the first six months increased only 5.1 percent to US$10.7 billion, the slowest pace since 2010. According to figures released by the General Statistics Office of V

Reluctant purchasing and slow supply of the new cotton crop drove down cotton prices in the Brazilian market, in the second fortnight of June. This happened despite low availability, particularly of good quality cotton. Ginners were of the opinion that as the harvesting season advances; domestic supply will increase in the first fortnight of July. However, some agents also opined that as activities intensify, growers and trading companies may prioritise closing contracts signed earlier for

Indian garment exporters may soon start shipping their products to Iran. This, after a delegation led by the Commerce Ministry and accompanied by over half a dozen industry officials recently met their Iranian counterparts in Tehran to discuss a host of issues including prevailing taxes and relaxation in policy support for hassle-free export of textiles to Iran. Following the Indian delegation's visit, tax authorities in Iran have agreed to reduce import duty on textiles and apparels to a 20-

Interfiliere Shanghai, the leading trade show for intimates, beachwear and swimwear fabrics, is bringing the spotlight on the fast growing and promising activewear market at this year's show to be held on October 12-13 in Shanghai. The 'athleisure' phenomenon is taking the fashion industry by storm blurring the boundaries between performance and elegance. In fact, activewear is lighting up consumers' wardrobes, no longer being restricted to sports activities, but also regarded as day-to-night

Chanel pulled the curtain back on its Paris haute couture show Tuesday to reveal the secret life of its studios, where a small army of tailors, embroiderers and plumers turn out some of the world's most expensive clothes. Veteran designer Karl Lagerfeld transported 80 of his so-called "petites mains" (little hands), who can spend hundreds of hours on a single dress, onto the set of his catwalk show. With American actors Jessica Chastain, Will Smith and his daughter Willow looking on, seamstr

Greenpeace has praised Inditex, Benetton and H&M for “leading the industry towards a toxic-free future” in its third Detox Catwalk campaign to eliminate hazardous chemicals by 2020. The three apparel firms topped the online ranking of 19 fashion and sportswear companies, with Greenpeace stating that they were the only “avant-garde” companies that were on track to clean up their chains as promised by 2020, due to them all having “credible timelines, concrete actions and on-the-ground imple

Textile and garment exports to Central Asia and Russia via ports in Xinjiang Uygur autonomous region have increased by more than 60 percent from the same period last year. China has exported 16.57 billion yuan ($2.5 billion) worth of textiles and garments through ports in Xinjiang, according to the latest statistics released by Urumqi Customs. The data show that 70 percent of exports went to Kyrgyzstan and Kazakhstan, with the former ranking first. Following the China-proposed Belt and

The Karachi Cotton Association has expressed its concern over the devastating cotton crop failure in cotton season 2015-16 and expected shortfall in cotton crop 2016-17 season. Keeping in view the situation, the local textile industry is compiled to import row cotton from abroad to meet its requirement of basic raw material and ensure its contribution towards achieving the target of export fixed through exports of value added products as well as earning much needed foreign exchange for the count