25th October 2021, Mumbai:

Hon'ble Textile Minister, Piyush Goyal has recently reviewed the 'Revised Technology Upgradation Fund Scheme (ATUFS)' to give a palpable fillip to the underperformer Textile Sector.

Hon'ble Textile Minister, Piyush Goyal & 'Minister for State for Textiles, Smt. Darshana Vikram Jardosh has seriously reviewed looking into the granularity of 'Amended Technology Up-gradation Fund Scheme (ATUFS)' pivoting this exercise going across the several Ministries, Departments, Textiles Industry Associations, Trade bodies, and Banks, etc at the 5th Inter-Ministerial Steering Committee (IMSC) notably the meeting in question was well-conducted & by (MoT) the Ministry of Textiles.

The clear-cut message is that government continues its philosophy of creating an easy working business environment, sector PLI Scheme, pushing trade to bolster exports besides 'Reduction of Compliance burden' thus fuelling employment across the supply chains of this enormous sector.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

23rd October 2021, Mumbai:

The Ministry of Textile (MoT) has put an ambitious target of USD 100 billion exports before it out of the textiles and clothing (T&C) sector through the coming five years. Which quite honestly is doable with coherent efforts from all the stakeholders.

Especially on the back of the fact in response to the ongoing commotion in the Chinese economy, Besides clamor for CHINA Plus One/ Credible alternative to China is getting louder. The semblance is Indian Textile sector is in a sweat spot currently.

As per the construct of the textile industry, MSMEs constitute around 89% share of businesses engaged & serving this sector, therefore it is only incumbent upon the Government should facilitate MSMEs achieving this goal by +ve policy intervention to further give an impetus to these manufacturing units which is key to success.

“This ambitious target needs a tactical backup by Government formulating a comprehensive plan,” alluded Dr. Animesh Saxena- Managing Director Neetee Apparels- a prominent garment exporter and President of Federation of Indian Micro and Small & Medium Enterprises (FISME).

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

19th October 2021, Mumbai:

Allen Solly is a brand inspiring the birth of an entirely new consumer class. Launched in India in 1993, it's edgy positioning, smart communication, and great fashion created the 'smart casuals' category in India. 

Allen Solly, India’s pioneer brand in casual work-wear from Aditya Birla Fashion and Retail Ltd., The brand spotlights body positivity with its new size-inclusive denim apparel. 

The campaign addresses the growing concerns– “one-size-fits-all”, as women struggle to find the perfect fit denim. Unveiling a new range of denims for women in diverse sizes with a brand new campaign ‘Own Your Shape’.  With the launch of new campaign ‘Own your Shape’, the brand aims to provide stylish denim for every body type.

Mr. Anil S. Kumar, COO, Allen Solly said, “At Allen Solly, we care about the right fit for all body types. The need to move beyond ‘One Size Fit for all’ was common during our customer outreach.

He further added, “The brand strongly believes that this campaign will bring positivity among women and encourage the brand to make more such products.”  

The brand caveat ‘Own Your Shape’ campaign is to break away from the stereotype of clothing or the notion of specific styles for certain body shapes and address the diverse sizes of Indian women. 

Mr. Mahesh Gharat, CCO, Ogilvy South said, “When women compliment other women on their sartorial choices, it conveys a subtle but beautiful appreciation of each other. This is exactly what the film captures between these three wonderful girls. 

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

25th October 2021, Mumbai:

The National Capital Goods Policy (NCGP) is designed to help local manufacturers transit ramping up to become as large an ₹7.5-trillion industry by 2025 opportunity from a modest estimated size of ₹2.3 trillion way back in FY15, Union minister Piyush Goyal allude on Sunday.

Just for the quick contest," The National Capital Goods Policy (NCGP), approved by the Union Cabinet in May 2016, envisages employing 30 million people by 2025 up from a meager 8.4 million in 2014-15.

Interacting with manufacturers, The minister exhorted local manufacturers to get out of the copy-paste mindset/ command-and-control mind block to pivot processes on the lines of working through plug and play mode to make an opportunistic case out of it while the world looks for China Plus one supply chain strategy in this vibrant textile sector.

Goyal made a sincere suggestion of looking at the manta of ' THREE' with a razor-sharp focus on "speed, Skill and Scale to develop & bring up 100 champions companies as in overarching theme to break the ice & create a credible eco-system going forward.

Let us not forget The government has already set in a goalpost of $100 billion for textiles and clothing (T&C) exports over the coming five years.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

22nd October 2021, Mumbai:

This may be recalled that the government is done with the announcement of the MITRA (Mega Integrated Tex Region and Apparel) scheme seeking to invite new investments for the Indian Textile Sector making a case for the enhanced attractive this space has attained, attributable to a series of back to back measure centre has taken entails the building of mega textile parks in the country spread across.

The measures include initiatives such as the launch the Sector PLI scheme directed to achieve manufacturing excellence and RODTEP to build in export competitiveness in this golden industry capable of providing maximum job creation against every single crore invested in this industry.

Therefore the expectation of hitting an ambitious 100 $ Bn is not entirely undoable.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

Fundamentally to make the eco-system less concentrated on cotton push the industry to start increasing the use of MMF (Man-Made Fibres) and more aligned to global consumer demand thus making RMG exports more broad-based and sanguine, a PLI scheme was introduced Wayback in November 2020.

PLI scheme's underlying theme and objective technique is to give the right impetus to domestic manufacturing of man-made fibers, garments, and technical textiles to make the supply chain more contemporary and going forward integrate into the global supply chains.

Hopefully, PLI Scheme will be able to course-correct the asymmetry of our system as the semblance is that now as a structural change is been conspicuously been witnessed in the government approach of leading the trade in the direction where the world is heading to, and clearly is a fundamental tailwind for the turnaround in the fortunes of textile trade.

SO FAR SO GOOD.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

23rd October 2021, Mumbai:

'Woke' is a term employed to describe someone who is aware of social and political issues.

In the age of social media these days to find in Twitter's trending tab, among advertorial and conspiratorial/ objectionable hashtags relating to XYZ campaign/ sensational news, in terms of trolling Or boycotting a specific trending brand.

A case in point is recent week's public social genre outrage against Fabindia an inspirational Indian brand for iteration of an Urdu punchline Jashn-e-Riwaaz for its contemporary festive spirit campaign took the world by nasty surprise by its sheer ferocity.

Still afresh in the mind is preceding year's darling of consumers bran 'Tanishq' was posed a social media backlash for its Ekatvam campaign the semblance is, "which was iterating an interfaith marriage".

Earlier we experienced, Global FMCG biggie HUL had to undergo in some sense something akin in the case of its 'Red Label' ad showing a Muslim sculptor curating for auspicious 'Ganesh Chaturthi festivity' which again could not come up to the public expectations around communal sensibility a national brand is supposed to observe.

Make no mistakes in a digital social media era WOKE ADVERTISING can lead to misfire which can be disastrous to the interest of the brand, and advertising instead of doing good can be counterproductive!

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

22nd October 2021, Mumbai:

The Adidas Global giant brand with a profound history in the space of Sports Performance and Sport Inspired segment, having served the global audience with a deep-rooted connection with the sport for since long.

On Thursday it announced to have roped in Bollywood actress 'Youth Icon' Deepika Padukone to endorse the German legendary sportswear brand its global audience for women sports.

“Adidas conveyed a warm welcome to its brand ambassador with open arms," Welcome aboard,” the sportswear brand said in a statement. Padukone the professional she is expected to work closely aligning to the signature philosophy of Adidas on their coherent efforts in the direction towards fitness; Of course both physical and emotional.

Given that the brand’s attitude of ‘Impossible is Nothing’, the partnership roping in her is definitely a testament towards breaking barriers, pushing boundaries, and needless to mention limitless possibilities. The brand continues to inspire both generation of the day as well as generations to come.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

19th October 2021, Mumbai:

The Textile Ministry's recent draft finer points/ guidelines are quite indicative that a point-based system with well-defined criteria entailing job provider, location, entities' financials, economic prospects, and technological fit & proper criteria/ soundness.

Ministry has set in criteria of 'A grading system to identify units for the ₹10,683 crore Sector Production Linked Incentive (PLI) scheme for man-made fiber (MMF) and technical textiles segments giving priority to manufacturers and entities creating job opportunities, located in areas under reached/ smaller cities, which are otherwise an apt choice as in financially fit & proper/ sound, have relevant experience, wherewithal, technical capacity and are keen to invest in integrated production system rather than in piecemeal/ single segment.

The scheme draft will be fine-tuned & operationalized only after the consultative process deriving feedbacks from all multi-stakeholders.

More importantly, the Ministry has also conveyed that subject to a critical threshold of turnover for the incentive if not achieved in a specified year by participating entity, they will not be entitled for incentives in the year in question albeit will not be restricted from claiming the incentive in the following years, provided they meet the all the eligibility criteria as applicable.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

23rd October 2021, Mumbai:

DFC Delhi Fashion Club is a govt. of India appreciated association which is promoting and supporting Designers & Brands to grow in Fashion industry nationally & internationally, DFC Delhi fashion club includes various segments like DFC advertising & productions, DFC Grooming Workshops, DFC Fashion Management, DFC Social Enterprise & DFC Fashion Network.

It aims to help in the growth of the fashion industry as a social enterprise & provide the best services as a Fashion agency.

Looking at the post covid situation of the Fashion industry, DFC Came with the new initiative
“Fashion Connecting India” aims to connect India together as one Fashion network & help
each other collaborate to boost trade, exposure & the business of fashion.

As a step towards expanding the fashion network in India, DFC recently launched it's Goa & Bangalore Chapter.

DFC Goa's chapter started with launching a young designer Yash rohilla with a Fashion show sequence at Cidade De Goa by Taj during an International fashion week, Styling
support was done by Omender from Delhi. A later formal ceremony took place at COVE, Mall de Goa.

In This Ceremony, DFC was privileged that DFC Goa Chapter was launched with the hands of
legendary Bollywood designer Abu Jani who was present in Goa during that time & visited the mall as well.

DFC Chairman Mr. Harshit Dhingaun also honored Mr. Bhuvanesh sheth, Director, Mall De Goa
as DFC Goa Patron for his great support to association and achievement in the field of fashion and connect Goa to global brands.

With this honor, DFC also announced an initiative to promote young designers from all over India and give them a platform to sell their garments at the mall in association with COVE, a Multi designer store.

After the launch of the Goa chapter, the DFC team headed towards Bangalore, where they launched the DFC Bangalore chapter in association with the Indian Photo academy, here they also honored the director of IPA Mr. Dev Singh as an honorary associate member for outstanding support to the association and help in the growth of Indian fashion industry in the field of photography.

DFC is now in association with IPA Shall run certificate workshops in styling and model grooming, also will cater to production &; advertising shoots. DFC aims to promote both designers, brands & Models all across India &; internationally. During this event, DFC also appreciated some other industry members like Rebecca Capri, director, Oxarte salon for outstanding work in the field of hairstyling internationally who had worked in Malaysia as well, DFC also appreciated Gen-next sustainable fashion designer than raising from Bangalore.

DFC is associated with many well-known brands & fashion weeks like Lakme Academy, IOD –Institute of Design, Chennai, Asian designer week, International Fashion week (Chandigarh, Goa, Delhi ), Paris fashion week, Dubai fashion week, and Indian fashion week, London & Canada.

DFC is already launched in Mumbai, Dehradun & Delhi. Mr. Harshit Dhingaun (DFC Chairman &; Celebrity Fashion director) said “We believe in creating opportunities through collaborations and network which is the only way through which the fashion industry can survive &; flourish post covid lockdown, next, we plan to expand in more than 10 cities of India namely Jaipur, Hyderabad, Chennai, Himachal Pradesh, Ludhiana, Chandigarh, Indore, Guwahati, Meghalaya, Kolkata, Patna, Lucknow, Agra, Ahmedabad by Dec 2022 and also plans to expand internationally in Dubai, London, Burma, Sri Lanka, Nepal &; Bhutan”.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

22nd October 2021, Mumbai:

Earlier NCLT had permitted Future Group (FRL) to hold a meeting of shareholders and creditors for the requisite consolidation of its entities which was visibly a relief to Future group.

While it is imperative to describe here Amazon India, is fighting this bitter corporate tooth & nail with the Future Group, & wants to the deal to be blocked ASAP.

As a sequence of events, FRL moved to SIAC with two clear pleas. One it had contested that it was not a party to the agreement signed between FCPL and Amazon in 2019, it was where AMAZON visibly had infused roughly around Rs 1,400 crore into FCPL. More importantly, FRL appealed to SIAC to reverse the interim stay on the envisaged deal to sell its assets in question to Reliance Retail (RIL).

Let us try and look at the turn of events,"Amazon vehemently contests the investment does give it lien as in an indirect stake in the flagship Future Group.

SIAC's ruling made 'FRL' a party to dispute. The proposed meeting envisions a step in the direction of FRL's assets; 'Warehousing, Logistics & Retail' going to RIL.

Needless to state E-tailer/ Amazon India wants to block the deal at any cost.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

19th October 2021, Mumbai:

NCLT grants permit to Relianceto seeking creditors and shareholders approval for proposed deal with (FRL) Future Group. By granting this important permission clearly, the NCLT sets aside the opposition/ objections raised, and the argument made by Amazon iterating them as “premature” comes as in relief.

Just to give a quick backdrop in the given case," Reliance Retail Ventures is a subsidiary of Mukesh Ambani-owned Reliance Industries (RIL). The group had proceeded with the NCLT seeking a nod to move ahead with creditors’ nod for reorganizing companies in lieu of the proposed Future-Retail Deal waiting for a lasting solution.

Reliance Retail Ventures apparently can hold meetings seeking a much-sought-after nod for the company's proposed ₹24,700 crore deal with the (FRL) Future Group was it really turned out to be a time-drawn exercise.

Noteworthy NCLT's finer points in the given case are awaited.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage