The future for the Indian textile industry looks promising, buoyed by both strong domestic consumption as well as export demand as China is drifting away from textile manufacturing activities. With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade with the entry of several international players like Marks & Spencer, Guess and Next into the Indian market.
It's official! India will be the new partner country for Ambiente, Europe's mega exposition of living, dining and gifting items, next year. India takes over…+ More
Cotton on the MCX snapped its seven-day fall in the afternoon session. The cotton prices were up on supply concerns owing to lower arrivals and…+ More
Textiles Minister Smriti Zubin Irani said that the hike in customs duty on silk and manmade fibre, announced in the Budget, will discourage cheap imports…+ More
Industry body writes to the govt for immediate action to clear the dues, failing which hundreds of units would close down and lead to thousands…+ More
In CY17, India’s market share in home textile exports to the US (sum of all products) remained flat YoY at 33%. India’s market share (in…+ More