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Related Keywords: app, apparel, clothing, fashion, fast fashion, India, rental fashion, sustainable, technology, United Kingdom

Brits purchase more clothing than any other European country, spending £2.7 billion ($3.5 billion) on fashion that they only wear once.

The founder of a fashion technology company called By Rotation is hoping to change consumer habits, and help the planet to boot.

U.K.-based, India-born and Singapore-raised Eshita Kabra came up with the idea when she was planning her honeymoon.

Related Keywords: Diesel, export, Fuel, government, import, India, labour, manufacturing, merchandise, petroleum, product

Merchandise exports in September fell by 6.6% to $26 billion. Exports during this fiscal have fallen 2.5% to $159.6 billion. The most worrying part is that labour-intensive exports, which create employment in large numbers, have been falling. Mint examines this decline.

Which sectors haven’t done well in exports?

Related Keywords: apparel, CCI, chemicals, clothing, cotton, fabrics, government, India, Intex, Pakistan, Sri Lanka, yarns

The most influential and established textiles sourcing show in its 5th edition will take place at BMICH, Colombo, from 13-15 November 2019. This global trading platform for the textiles and apparel industry is endorsed and supported by major industry associations, chambers of commerce and government agencies from Sri Lanka, India, Bangladesh, Pakistan, Taiwan, Malaysia, and other countries.

Related Keywords: export, government, GST, India, manufacturing, taxes, Textile Industry, value chain

The textile industry has sought immediate release of refunds under various government schemes to ease the liquidity crunch faced by manufacturers and exporters.

In a joint memorandum presented by seven national-level textile associations and major export promotion councils to the Union Government, the industry said that since the units are facing acute liquidity issues, the government should take steps to release the refund arrears under programmes such as ROSL/ROSCTL, Duty Drawback scheme, GST refunds, and Technology Upgradation Fund scheme.

Related Keywords: China, cotton, expansion, fiber, Filatex India, home textiles, India, manufacturing, polyester, production

Filatex India Ltd., a manufacturer of polyester and polypropylene multifilament yarn and polyester chips, after nearly competing a ₹850 crore expansion, is now planning to foray into the home textiles segment, where margins ‘are better than in the commodity business’, a top executive said.

“We are planning to enter the fabrics business, mainly home textiles, where the margins are better. We are still finalising the plans; this business would involve an investment of around ₹100 crore,” Madhu Sudhan Bhageria, chairman and managing director, Filatex India Ltd., said in an interview.

Related Keywords: China, cotton, farmer, FICCI, India, market, production, silk, Smriti Irani

Union Textiles Minister Smriti Irani on Friday affirmed that India would become 'completely self-sufficient' in silk in the next two years.

She said that in the production of silk, India is second after China.

Irani was addressing a programme organised by business chamber FICCI.

She also said that technical textiles is the future of textiles and that she was keen on taking it forward.

Related Keywords: China, cotton, export, home-textile, India, retail, Textile, trade, US

The trade conflict between the US and China may be unsettling global trade. But home-textile exporters from India see a silver lining, though benefits could be insignificant if US demand remains subdued.

Indian companies expect to benefit from the imposition of US duties on imports from China. Beginning September, import duties will kick in on home textiles, including towels and sheets.

Related Keywords: brand, fitness, India, Mukesh Ambani, oil, partner, Reliance, sports, Textile

India's Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters. Under Asia's richest man, Mukesh Ambani, Reliance Industries is pivoting from an oil-led conglomerate into a more consumer-facing company, selling everything from handbags to broadband to try to tap into Indians' rising disposable incomes.

Related Keywords: America, China, Imports, India, market, polyester, purchasing, Recycle, Repreve, Textiles, Unifi, US, yarn

A major U.S. consumer of RPET enjoyed higher sales figures but suffered significantly lower net income last fiscal year. One reason was cheap polyester imports from China and India.

Unifi, which recycles PET into REPREVE brand fiber, reported sales of $708.8 million during the 2019 fiscal year (the year that ended June 30, 2019). When adjusting for foreign currency translation impacts, that was up 7.6% over the prior year, according to a press release.

Related Keywords: apparel, Bangladesh, China, clothing, cotton, export, fabric, import, India, Textile, Vietnam, yarn

India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.

Sanjay K. Jain, chairman of the Confederation, has said in a press release that the space vacated by China was largely occupied by the least developed countries, including Vietnam and Bangladesh. India has not been able to tap the opportunities because of its competitive disadvantages and trade barriers in the international markets.