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New Delhi: The government is aiming to position itself as a textile sourcing and investment destination through seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) parks with an investment of ₹70,000 crore in the next 5 years, said textile secretary Rachna Shah. The government is looking to attract foreign direct investment (FDI) through PM MITRA and several other schemes. “We are hopeful that seven PM MITRA parks will emerge as growth centres in the textile sector, seeking the support of global investment players to invest in India and source textile from India," Shah said. The ministry is also focusing on increasing footprints in technical textiles, which is a growing market. Currently, India is exporting technical textiles, inclu...

In this article, we will take a look at the 25 most expensive shoe brands in the world. If you want to skip our detailed analysis, you can go directly to the 5 Most Expensive Shoe Brands In the World. According to a report by Grandview Research, the global luxury footwear market was valued at $33.52 billion in 2022. The global luxury footwear market is expected to grow from $33.82 billion in 2023 to $57.78 billion by 2030 at a compound annual growth rate (CAGR) of 7%. As per the report, the formal shoe market dominated the industry with a revenue share of 58.2% in 2022. The rise in popularity of formal shoes primarily comes from professionals in the corporate or fashion industries. Additionally, North America dominated the market with a revenue share of 29% in 2022. The number of wealthy p...

A push by the US to drastically reduce its reliance on mainland China has forced Hong Kong exporters to sever some ties at home and over the border, with firms also cutting down on imports of raw materials due to threats of boycotts, industry leaders have told the Post.But a shippers’ organisation said moves to diversify away from the country would not be easy, as it was an integral part of the global supply chain and difficult to replace. Amid the disruption, manufacturers and brands both locally and abroad said they had to face new business realities, some of which required overhauling operations.Dennis Ng Kwok-on, vice-president of the Chinese Manufacturers’ Association of Hong Kong, told the Post that the United States had started to ask local exporters who recently moved operations to...

Shop the LookStyling a tweed jacket for the Fall 2023 trend can give you a sophisticated and chic look. Tweed jackets are versatile and can be dressed up or down, making them a great addition to your autumn wardrobe. Here are some tips and ideas on chic ways on how to style tweed jackets now and for the fall:Layer with a Turtleneck Sweater: Pair your tweed jacket with a cozy turtleneck sweater in a complementary color. This creates a classic and stylish look that keeps you warm during the cooler autumn days.Belt it: Add a belt around your tweed jacket to cinch the waist and create a more structured silhouette. This adds a touch of femininity to the typically boxy tweed jacket.Mix and Match Textures: Create a visually interesting outfit by mixing tweed with other textures. Pair it with leat...

V.K. Saxena, Delhi Lt. Governor The proposal of the Labour Department was duly endorsed by the concerned Minister and Chief Minister. The establishments were approved under Sections 14, 15 & 16 of the Delhi Shops and Establishments Act, 1954, the officials said.The Raj Bhavan officials said, "Some of these shops and establishments that figured in the list of 83 are Aditya Birla Fashion and Retail Limited involved in the retail trade of readymade garments and accessories, e-commerce giant Amazon Transportation Service Pvt. Ltd. having delivery stations, Godfrey Phillips India Ltd. engaged in retail trade business like departmental and convenience stores, Nykaa Fashion Pvt Ltd and FSN Brands Marketing Pvt. Ltd. (Both dealing with cosmetic and beauty products) and Bikanerwala Internationa...

Representative imageGlobal sales of luxury goods will likely not grow significantly in the fourth quarter, with tourist flows to Europe key to spending there as local shoppers tighten their purse strings, consultancy Bain & company said."It will really be linked to tourist flows," said Bain partner Federica Levato of spending on high end goods in Europe, noting that local shoppers had reined back spending after three years of strong, post-pandemic growth.Although there were some initial cancellations of trips to Europe from the Americans in the wake of the Israel-Hamas war, including a few for the holiday season, the situation currently seems "normal", according to Levato.In its twice-yearly report, Bain said global sales of personal goods - spanning clothing, accessories and beauty pr...

Polyester-cotton (PC) yarn prices increased by ₹3-4 per kg in Ludhiana due to rising summer garment orders. Prices may further fluctuate based on retail demand. In Surat, polyester spun yarn prices also rose, driven by market demand. Conversely, Mumbai’s viscose yarn market saw lower demand and prices. Cotton prices in North India remained stable. #yarn #prices #Ludhiana #summer #demand #mixed #trend #Surat

After experiencing contraction for a year, textile production and exports are trotting back to normal, having got rid of inventory pileup even as stock buildup ahead of Christmas holiday season in the West continues to drive export demand. September marked the third consecutive month of expansion for the industry, and experts expect the growth to sustain in the second half of 2023-24."We are expecting a pick-up in production for the remainder of the year. Last year also, the turnaround happened post January," said a senior official who requested not to be identified. Textile production grew 3.7% year on year in September, as per Index of Industrial Production (IIP) data released a fortnight ago, outpacing the 1.6% uptake registered in August."The industry has bottomed out and is in a reviv...

FollettoRobotics brings a new paradigm in the coffee robot market with Cafe Zinho, a Barista Robot that draws Latte Art - 3D Printing News Today - EIN Presswire Trusted News Since 1995 A service for technology industry professionals · Sunday, December 3, 2023 · 672,648,409 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools ...

A push by the US to drastically reduce its reliance on mainland China has forced Hong Kong exporters to sever some ties at home and over the border, with firms also cutting down on imports of raw materials due to threats of boycotts, industry leaders have told the Post.But a shippers’ organisation said moves to diversify away from the country would not be easy, as it was an integral part of the global supply chain and difficult to replace. Amid the disruption, manufacturers and brands both locally and abroad said they had to face new business realities, some of which required overhauling operations.Dennis Ng Kwok-on, vice-president of the Chinese Manufacturers’ Association of Hong Kong, told the Post that the United States had started to ask local exporters who recently moved operations to...