Textile & Apparel 360° Report highlighting Key Trends for 2025 unveiled by Groyyo.
Groyyo is one of the fastest-growing manufacturing automation platforms in Asia, redefining the evolving landscape of modern lifestyle manufacturing factory floors with its product suite and consulting services to create a wow effect as a key differentiator.
RMG exports register a 9.8% growth in November 2024.
The government's apparel industry-supportive policy, backed by India’s internal strengths of raw material, design, and compliance, is helping the thrust in RMG exports."We hope that with support from the textiles ministry, besides the implementation of our demand for the PLI 2.0 scheme for all kinds of garments. This scheme will see the light of day, which in turn will result in exponential growth in capacity expansion, Sudhir Sekhri, Chairman AEPC, observed."
Latest Wazir Textile & Apparel index covering Indian sector performance in H1 FY25.
The textile sector is poised to take significant strides toward a more secure future given that we are amid new geopolitical paradigms against the backdrop of new administration in the US threatening the supply chain disruptions and shifting trends of countries moving to decouple/derisk/diversify out of China, the global textile powerhouse, so the spotlight shifts to newer supply nerve centers where clearly India remains the heartbeat.
V. Anantha Nageswaran, India's Chief Economic Advisor (CEA) to the Finance Ministry, said on Thursday, 5th Nov. 2024, speaking at the ASSOCHAM, New Delhi summit, that what we have started to see is economic activity picking up pace in some of the lately during the Oct-Nov 2024 period, and looking at GDP growth of 6.5-7% or thereabouts, with a fair degree of confidence we see it as quite doable.
As retail’s growth trajectory in India sharpens.
The TeamLease Edtech’s Career Outlook Report for HY2, July - December 2024, identified a significant hiring surge in India's retail sector, with a 54% hiring intent for freshers in HY2 2024 with a significant uptick from the previous 46%.
India’s retail landscape sees 54% hiring intent for freshers, driven by robust expansion in emerging cities Fresh talent demand surges in tier 2 and 3 cities as the retail sector expands.
Physical stores most favoured business model; preferred by 90% Indian Retailers across generations: Study
Referrals are the leading strategy for attracting customers among retailers, with 78% of experienced retailers prioritizing this approach to drive business.
The 9th Smart Manufacturing Summit
Globally, manufacturing is traversing new domains led by disruptive changes in technology and breakthrough innovations. Smart manufacturing is reshaping India's industrial landscape, marking a significant shift from automation to more intelligent and adaptable systems.
Wazir Advisors: November 2024 report: MONTHLY APPAREL IMPORTS OF KEY MARKETS
Global apparel trade update.
APPAREL TRADE SCENARIO IN KEY GLOBAL MARKETS AND INDIA.
Key Statistics at a Glance l Global Apparel Trade l Update Global Retail Sales Update
KEY STATISTICS AT A GLANCE
Global Apparel Trade Update | Nov 2024
“GI and Beyond-2024”
Given that GI adds tangible value to products/brands, though it underpins that it has to be backed up by credible product intervention, and today's initiative was to sensitize the handloom sector to the value of GI tagging and its allied benefits to handloom products in the international market.
The event was designed to showcase the GI handloom and handicraft products from Pan-India
Context setting
As the global textiles and apparel landscape shifts, India is uniquely positioned to assert itself as the Asia leader on the world stage. To capitalize on this opportunity, Indian industry must sharpen its competitive edge by strengthening its industrial capabilities. With global consumption patterns evolving, geopolitical dynamics changing, and sustainability pressures rising, India has the chance to redefine its role in the global market.
During October 2024 Textile exports increased by 11.56%, while apparel exports grew significantly by 35.06% compared to October 2023.
So against the backdrop, the audacity of hope and audacity of action with synchronized policies of monetary and fiscal has helped India as one of the best-performing economies globally so it does not come as a surprise to anyone given the global export numbers.
The Confederation of Indian Textile Industry (CITI) welcomes the election of Donald J. Trump as President of the United States, and anticipates that it will bolster India's textile and apparel (T&A) trade with its largest international market. In 2023, the U.S. accounted for approximately 27% of India’s total T&A exports, underscoring its crucial role in the industry’s global reach.
AGES Association Expresses Gratitude to Rakesh Vaid Following MOU Signing with ATDC.
Northern India Textile Research Association (NITRA)
This is the 23rd Bangladesh edition of the exhibition.