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Decoding The New Consumer CodeA new report by McKinsey unpacks five key shifts shaping how today’s consumers spend, splurge and seek value and these have been discussed in detail in this feature. Today’s shoppers are navigating value and convenience in new ways by cutting back in some areas while splurging on others. These trade-offs don’t always follow past patterns, making behaviour harder to predict....0 Reacties 0 aandelen 175 Views 0 voorbeeld
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50 Percent US tariff on Indian apparel exports could be death knell for small firms- AEPCSynopsis Indian apparel exporters are worried about new US tariffs. The Trump administration is doubling tariffs on Indian goods to 50 percent. Apparel Export Promotion Council fears this will devastate small businesses. They are seeking government support to offset the impact. The US is a major market, accounting for 33 percent of India's garment exports. New Delhi: Seeking immediate fiscal...0 Reacties 0 aandelen 649 Views 0 voorbeeld
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From kala cotton to banana fibre: How homegrown brands are innovating Indian textilesIndian handlooms are experiencing a significant revival, as homegrown brands reimagine traditional textiles into modern fashion while prioritising sustainability. While the term handloom, in India, still evokes the image of our mothers' saris, beautiful Benarsi silk, intricate jamdani on muslin, or Chanderi and Kota Doria, many homegrown brands are now pushing the envelope, reimagining and...0 Reacties 0 aandelen 550 Views 0 voorbeeld
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Textile ministry sets up taskforce for sustainable fashionOn National Handloom Day, the textile ministry launched a sustainability-focused exhibition and ESG taskforce to promote circularity in fashion. The “Weave the Future” event celebrates regenerative handloom practices, indigenous cotton, and artisan-led innovation in textiles. Pabitra Margherita, minister of state for textiles, at an exhibition in New Delhi Friday. Marking National...0 Reacties 0 aandelen 498 Views 0 voorbeeld
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Govt reopens textiles PLI scheme portal to invite fresh applicationsSynopsis The government has reopened the application portal for the Production Linked Incentive (PLI) scheme for the textiles sector, allowing fresh entries until August 31. The scheme covers MMF apparel, MMF fabrics, and technical textile products. The Ministry of Textiles said earlier terms and conditions will remain unchanged and urged interested companies to apply within the deadline. The...0 Reacties 0 aandelen 253 Views 0 voorbeeld
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FIEO, Amazon sign MoU to accelerate exports by Indian MSMEsInsights FIEO and Amazon India signed an MoU to boost e-commerce exports by MSMEs through a dedicated task force focused on policy, infrastructure, and awareness. The partnership aims to support India's export goals, including $80 billion in e-commerce exports by 2030. The initiative will help small businesses leverage Amazon's global reach and build a supportive ecosystem for sustainable...0 Reacties 0 aandelen 395 Views 0 voorbeeld
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Indias Textile Exports Under Pressure As Firms Move Production To Vietnam Indonesia AfricaIndian textile exporters are shifting US-bound production to hubs such as Vietnam, Indonesia, Bangladesh, others to offset impact of tariffs While uncertainty clouds India’s Rs 87,000-crore annual textile exports to the US, some exporters with overseas manufacturing bases are planning to shift production for American buyers out of India, according to a report by The Economic Times. Pearl...0 Reacties 0 aandelen 460 Views 0 voorbeeld
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Climate risk action profitable; delivers biggest gains for retail and apparel: StudyAddressing climate risks can deliver significant economic benefits, with every US $ 1 invested potentially generating up to US $ 8 in returns, according to CDP’s 2024 report. The disclosure non-profit analysed data from more than 24,800 companies, drawing on self-reported estimates of the potential medium- to long-term financial impacts of physical climate risks. The findings show that...0 Reacties 0 aandelen 179 Views 0 voorbeeld
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Loop Industries’ India Joint Venture Reaches Agreement to Acquire Strategic Site in Gujarat, India, for Infinite Loop Manufacturing FacilityAgreement reached to acquire site in the Gujarat state in India with strategic access to textile waste for feedstock, renewable clean energy, industrial infrastructure. Sufficient land on site for both initial 70,000 metric ton facility and further 100,000 metric ton capacity expansion. Total cost of the land is $10.5M which represents $5M reduction in the amount included in project cost...0 Reacties 0 aandelen 453 Views 0 voorbeeld
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