Rashesh Shah takes over as FICCI president for 2017-18

2017/12 16 15:12

(L-R) Rashesh Shah, President; Sandip Somany, Sr Vice President; Sangita Reddy, Vice President Rashesh Shah has taken over as the president of Federation of Indian Chambers of Commerce and Industry (FICCI) for 2017-18. Shah took over the responsibility at the conclusion of the chamber's 90th annual general meeting. Shah has spent over 25 years in […]

India’s cotton output projected at 377 lakh bales

2017/12 16 15:12

India’s cotton output in the 2017-18 season is likely to increase by 9 per cent to 377 lakh bales (of 170 kg each) despite lower production in Maharashtra and Madhya Pradesh, as per estimates by the Cotton Advisory Board (CAB). The northern region output is expected to rise by 28 per cent to 59 lakh […]

Abhishek Tibrewal wins Liva Protégé 2017

2017/12 16 15:12

Abhishek Tibrewal bagged first prize at Liva Protégé 2017 Budding fashion designer Abhishek Tibrewal has been announced as the winner of Liva Protégé 2017, a unique talent hunt competition which gives young fashion designers an opportunity to showcase their creativity. The third edition of Liva Protégé received over 3,000 applications from more than 190 fashion […]

Nomura foresees 7.5% GDP growth for India in 2018

2017/12 16 15:12

India's economy is on the cusp of a cyclical recovery and will witness a 7.5 per cent growth rate in 2018, according to the Asian Economic Outlook 2018 by global investment bank Nomura, which remains bullish on India's macroeconomic outlook. It predicts a 6.7 per cent growth for India in the fourth quarter and a […]

Indian govt approves special package for leather, footwear

2017/12 16 15:12

The Union Cabinet chaired by PM Narendra Modi has approved a special package for employment generation in leather andfootwear sector. The package involves implementation of Central Sector Scheme ‘Indian Footwear, Leather & Accessories Development Programme’ with an approved expenditure of Rs 2,600 crore over the three financial years beginning 2017-18. “The scheme would lead to […]

India’s The Label Life raises $3.1 mn from Kalpavriksh

2017/12 15 03:12

Courtesy: The Label Life Mumbai-based e-commerce lifestyle brand The Label Life has raised $3.1 million from Kalpavriksh, the Centrum group’s maiden private equity (PE) fund under Centrum Alternatives LLP. The brand plans to aggressively expand the label, double the stock keeping units, explore an omni-channel strategy and focus on collaborations and partnerships with the funding. […]

RIL to present Recron FS range at Heimtextil Frankfurt

2017/12 15 03:12

Courtesy: RIL Reliance Industries Ltd (RIL) will launch an extended range of Recron FS, a fire-retardant textile solution with diverse features and applications, at Heimtextil Frankfurt beginning from January 9, 2018. The polyester not only brings the highest standard of safety in the fabric by making it fire-retardant, but also enhances the aesthetical aspects. The […]

CMAI hails review of FTP as ‘progressive package’

2017/12 15 03:12

The Clothing Manufacturers' Association of India (CMAI) has hailed the mid-term review of the Foreign Trade Policy announced by the Central Government earlier this month as a ‘progressive package’ to address several issues relating to policy as well as procedures. CMAI said that the measures included in the mid-term review will be of great help. […]

Restore MEIS & IES benefits for cotton yarn: CITI to govt

2017/12 15 03:12

The Confederation of Indian Textile Industry (CITI) has urged the Central government to immediately restore Merchandise Exports from India Scheme (MEIS) and Interest Equalisation Scheme (IES) benefits for cotton yarn. During April-September 2017, India’s cotton yarn exports fell 10 per cent to 464 million kg from 517 million kg during same period in 2016. Indian […]

India’s WPI inflation for textiles up 0.3% in Nov 2017

2017/12 15 03:12

India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.93 per cent for the month of November 2017 over same month of last year. The index for ‘Manufacturing of Textiles’ group rose by 0.3 per cent to 113.5. The index for ‘Manufacturing of Wearing Apparel’ group also rose by 0.3 […]

Adidas, Lifestyle launch shop-in-shop partnership

2017/12 15 03:12

(L-R) Musician Monica Dogra, actress Sanya Malhotra and boxing athlete Nikhat Zareen Adidas, a global leader in the sporting goods industry, has announced the launch of shop-in-shop outlets at Lifestyle stores in various parts of the country. The association will strengthen its consumer outreach in women’s category. At first, the Adidas women’s apparel products will […]

Cotton price increase is not sustainable: ITF

2017/12 12 15:12

The increase in cotton price seen last week is only a short-term speculative increase and will not sustain, according to the Coimbatore based Indian Texpreneurs Federation (ITF). Around 80 per cent of this season’s cotton crop has not yet reached the market, this translates to nearly 3 crore bales (of 170 kg each) and this […]