As a result, consumers will look to the nearest competitor to get the personalized products and exceptional customer experience they want. This inability of the conventional supply chain to meet new expectations puts established fashion companies at risk. The market has become highly competitive and demanding as consumers especially the millennials look for fast fashion at good pricing. This requires companies to quicken the process of all operations in manufacturing products.
Continue reading your story on the app
Continue reading your story in the magazine
Apparel Exports Need Fresh Lease Of Life… But How???? A Report..
Last few months have been catastrophic for apparel exports industry of India. One after the other the industry was struggling with one or the other challenge. While global competition is one aspect of the challenges within the country at the moment is being regarded as the biggest deterrent to the slow situation of the industry. Burdened with higher tariffs than their competitors, the exporters need more incentives and protection to stay afloat. India’s foreign trade policy pundits need to renegotiate tariffs on apparel exports with the EU and the US to tackle the emergent economic slowdown in the country. The apparel industry is the country’s largest low technology employer after agriculture, with 45 million workers, contributing two percent of GDP and 15 percent of export earnings.
Lectra Offering Solutions For Smart Factories & Fashion
The Conventional fashion supply chain model is too opaque, fragmented and slow to respond to diversified consumer demands, quickly enough to satisfy the customers.
Peppermint Clothing Creating Complete Range In Kidswear
Automation & Productivity Core Focus Areas Eyes Turnover of Rs 300 cr in next few years
Indian Manmade Fibre (MMF) Industry In Jeopardy: Increased Imports And Esclated Cost Affects Industry
Working out tax rates for different goods and services was a huge challenge for India’s Goods and Services Tax (GST) Council. Although the GST has taken under consideration a significant part of the industry - cotton and natural fibers, distortion has been introduced in the GST system, through the ‘inverted’ duty structure on man-made fibers. Man-made fiber and synthetic yarn attract an 18% GST rate as compared to 12% excise duty, while the fabric produced from these fibers is taxed at 5%. This creates a situation where the input is taxed at a much higher rate than the final product.
GTE Celebrating 20 Yrs Of Excellence At 2020 Edition
The Garment Technology Expo (GTE’20), one of the most trusted brands as far as exhibitions related to apparel technology is concerned is geared for its 20 years of establishments and success in the garment industry.
Implications Of GST: A Double Edged Sword
It seems that confusion related to GST will not fizzle out soon as industry players from both the apparel and textile sectors are very often seen raising their concern about GST and the confusion related to it.
Velvet Traditional Yet Influential In Fashion
On the other hand, a few people have differing opinions about velvet. “New government policies have affected the business a lot, demonetisation had already caused a huge loss and GST has simply added to those wounds. 12% GST rate solely on velvet whereas GST on other fabrics is only 5%, has closed doors for export for many like us” said one of the officials from Kedarnath Velvet. He also said that even though Velvet is trending worldwide, exports are suffering due to taxation schemes in India. Also, China is hugely competitive.
Creating Niche In Innerwear Segment-Palash Overseas
Creating Niche In Innerwear Segment-Palash Overseas
Industry Relieved As Government Clarifies Minimum Monthly Wages Not Going To Be Fixed At Rs 18,000.
After a lot of confusion and debate over the increase in minimum wages as per the new labour laws, the Government has finally given some relief to the already struggling garment industry by stating that the minimum monthly wages are not going to be fixed at Rs 18,000/-. Prior to this, The Apparel Export Promotion Council (AEPC) had urged the Indian Government to clear the confusion over minimum wages for the garment sector at the earliest, as a clarification would restore the confidence of foreign buyers.
Luxury Trinkets: The New Fashion Wave
Wallets, Key chains & Leather the new Additions in Retail Chians.
Get in Bed With LVMH
With its new Cheval Blanc hotel—16 years in the making—the luxury behemoth reinvents a cultural landmark.
Hot Plots Preview!
What Will Happen
bold and beautiful
In Her Wildest Dreams
Paris welcomes LGBTQ+ travelers with open arms.
Cooking With Paris Is Anti-Aspirational Food Television
Paris Hilton rattles the very foundations of cooking shows.
DAYS OF OUR LIVES
James Reynolds (Abe)
MEET THE COUPLES - Married at First Sight
The Lone Star State gets a little less lonely as Season 13 of the arranged-nuptials sensation heads to Houston. And according to exec producer Montré Burton, the show is “bringing more diversity than ever,” including its first Asian American couple, Bao and Johnny (above), and a cast mostly in their thirties instead of twenties. Here, we introduce the twosomes (matched by Married’s stable of experts) who will permanently altar their future.
AN EXCLUSIVE INTERVIEW Gildas Raffenel
Gildas Raffenel is a freelance and self-taught photographer who started out in photojournalism.
It Has Defied All Predictions of Its Obsolescence
If You Believe the Headlines, the Office Has Been Dying for Half a Century