January 2024

In Budget 2024, apparel exporters hope to increase manufacturing through tax breaks

4 Comments / Manufacturing Industry / By

The Apparel Export Promotion Council (AEPC) demanded tax benefits like increased interest subsidies and uniformity in GST on Wednesday to boost domestic manufacturing and India’s exports abroad. The AEPC has also asked for tax exemptions for clothing producers who adhere to international quality standards and other environmental, social, and governance (ESG) requirements. The council also …

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“Oshin” is the new sustainable clothing brand that Oshin Sarin introduces

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The sustainable apparel brand “Oshin” has been introduced by Mumbai-based designer and businessman Oshin Sarin. The brand sells entirely unisex designs and has debuted its first collection on its new online site. The brand’s clothing is categorized by “bodytype” rather than “menswear” and “womenswear,” per the label. This is meant to encourage people to develop …

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Damensch enhances its digital capabilities by partnering with Bettercommerce

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Damensch, a menswear brand, has partnered with Bettercommerce, a top London-based provider of e-commerce technology, to strengthen its online presence and improve customers’ entire purchasing experiences. Damensch hopes to use Bettercommerce’s strengths in this partnership to create an adaptable e-commerce platform that will propel its online growth. Co-founder of Damensch Gaurav Pushkar said in a …

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RANDOM AI will introduce its AI-powered platform for designers of clothing

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The New York-based fashion tech startup RANDOM AI has announced the release of its Minimum Viable Product (MVP). The platform, created by CEO Juan Atuesta and CMO Andres Fonseca, aims to leverage AI-driven personalization. Customers may now engage in fashion creation thanks to the company’s AI, which represents a change in the relationship between businesses …

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EU delegate emphasizes adherence to international agreements for the GSP Plus program

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For Bangladesh to be eligible for GSP Plus facilities in the EU market after the country graduates in 2026, Charles Whiteley, the head of the European Union’s delegation to Bangladesh, has emphasized that the country must actively implement the 32 international conventions about the environment, labour, and human rights. According to media reports, Ambassador Whiteley …

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Impact of UFLPA enforcement gap on US apparel industry

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The Uyghur Forced Labor Prevention Act (UFLPA) is being enforced more strictly, and the de minimis loophole has to be closed, according to the National Council of Textile Organizations (NCTO). This is because the Uyghur FLPA has caused significant disruptions in the US garment manufacturing industry. The House China Select Committee has called for DHS …

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Imane Ayissi honours African textile creativity by launching Paris Haute Couture Week

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Imane Ayissi kicked off Paris Haute Couture Week with a cozy ensemble full of eye-catching hues and textures. The Cameroonian-born Ayissi skilfully combined exquisite garments with commonplace items to showcase Africa’s rich textile and craftsmanship heritage. The colour scheme was bright and included orange, rust, turquoise, fuchsia pink, and red. Shiny cotton, silk crepe, shantung, …

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The survey predicts that by 2030, the Indian fashion e-commerce sector will surpass US$18.76 billion

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By 2030, the fashion e-commerce market in India is expected to surpass US $18.76 billion, according to global market intelligence company Coherent Market Insights. The company has projected in its most recent research, India Fashion E-commerce Market, that the market will expand at a compound annual growth rate (CAGR) of 34%. According to recent research …

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At a 6.4% CAGR, compression clothing is expected to reach US$ 4.03 billion by 2028

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An outlook for the Compression Garments and Stockings worldwide Market Report 2024 has been provided by the Business Research Company’s newest worldwide market report. This thorough study examines the market structure, segment estimations, and developing trends to provide organizations with a competitive edge. The research provides crucial insights into industry performance by highlighting important drivers, …

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Bangladesh’s leading textile company, Badsha Group, plans to increase its revenue to US$ 1.3 billion with a US$ 86 million foreign loan infusion

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Amidst the continuous problems posed by the present currency crisis to the nation’s ready-made clothing industry, the well-known textile company Badsha Group of Industries is expected to surpass US $ 1.3 billion in annual turnover by FY ’26. This audacious objective comes after a loan of about US$86.83 million was approved by three foreign financial …

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