Invest India seeks industry inputs to promote e-com

2018/10 18 12:10

India’s national investment promotion agency Invest India sent out a questionnaire recently seeking industry views on how to enhance cross-border e-commerce, encourage brands to go global and promote exports and small and medium enterprises (SMEs). The suggestions will be forwarded to the department of industrial policy and promotion (DIPP). Invest India, a non-profit venture under […]

India ranks 147th in Oxfam world inequality index

2018/10 18 12:10

India has been ranked 147th among 157 countries in a new worldwide index released recently by UK-based charity Oxfam International on the commitment of different nations to reduce inequalities in their populations. The ‘Commitment to Reducing Inequality (CRI) Index’ described the country’s commitment to reducing inequality as a ‘a very worrying situation’. If India were […]

New minimum wage in Cambodia now $182

2018/10 18 12:10

The commission comprising representatives from trade unions, the Cambodian Government and employers tasked with deciding the minimum wage for workers in the textile, garment and footwear sector recently agreed to raise the minimum wage to $182 starting January. Most members accepted $177 proposed by the employers. Prime Minister Hun Sen added $5 to that. Labor […]

JFW to display international fashion in Chennai

2018/10 18 12:10

Courtesy: Junior’s Fashion Week Junior’s Fashion Week (JFW) is back in full swing and this time it will showcase the collection of international kidswear brands – US Polo Assn. Kids, Hugo BOSS, DKNY, Little Mark Jacobs, Timberland, Billieblush, The Children’s Place and Flying Machine Boyzone in Chennai. The two-day JFW Chennai edition is scheduled to […]

Reforms to make industries green: Bangla minister

2018/10 18 12:10

Apart from giving priority to a low-carbon economy, Bangladesh has undertaken widespread reforms related to making existing and future industries, including those in the leather and readymade garment (RMG) sectors, environment-friendly, industries minister Amir Hossain Amu told the Fifth Green Industry Conference for Sustainable Development in Bangkok recently. The conference was organised under the auspices […]

IKEA India to invest ₹3000 cr for 3 new fulfilment centres

2018/10 18 12:10

Courtesy: Ikea Swedish furniture and home accessories maker IKEA plans to invest nearly ₹3,000 crore in the next three years to open three fulfilment centres in Mumbai, Bengaluru and Delhi. It will open its second store in Mumbai this year and will hold a ground-breaking ceremony on October 11 in Bengaluru, said Patrik Antony, IKEA […]

Fashion Access introduces Pop Up concept

2018/10 18 12:10

Courtesy: Fashion Access Considering the challenges in establishing a brand in foreign markets, Asia’s leading fashion accessories trade fair, Fashion Access, has come out with a packaged marketing concept. Called the Pop Up, the process will make brands visible and contact consumers before arriving in Hong Kong for the Fashion Access that will take place […]

Streetwear Yoho! receives funding from C Ventures

2018/10 18 12:10

Yoho! Group has announced that it has raised tens of millions of dollars in its E+ round financing, to accelerate deploying the group's online and offline omni-channel strategy. This financing is led by C Ventures with Pioneer Capital as the exclusive financial advisor. YOHO! is regarded as one of the most influential streetwear platforms inChina. […]

Uster expands product range with the acquisition of EVS

2018/10 18 12:10

Courtesy: Uster Uster Technologies has expanded its full range of quality solutions for primary textile production, following the successful integration of automated inspection systems from EVS (Elbit Vision Systems). On April 25, 2018, Uster announced the acquisition of EVS, a world-leading high-technology supplier for automated vision inspection in the textile industry. The expansion of capability […]

Levi Strauss sees double digit growth in Q3FY18

2018/10 18 12:10

Courtesy: Levi Strauss & Co Levi Strauss & Co., one of the largest apparel brands, has witnessed double-digit revenue growth in the third quarter of fiscal 2018. Gross margin for the third quarter was 53.2 per cent of net revenues compared with 51.8 per cent in the same quarter of fiscal 2017, reflecting the margin […]