9th October 2021, Mumbai:

Michael Kors opens a 'Lifestyle store' at JioWorld Drive Mall,Mumbai. The 2,090 square-foot retail space will be a larger-than-life store befitting the imagery of a cult brand. 

The key highlights and features of the upcoming store will be that it is likely to retail a broad array/ selection of products from the stable of legendary ‘Michael Michael Kors’ line. 

The illustrated product line will entail sharply apparel, classy handbags, trendy eyewear, watches, leather goods, footwear, jewellery, and fragrances demonstrating the true spirit and signature of this global brand in this emerging retail market. 

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

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07 October 2021, Mumbai:

Levi’s classics new collection is ready to re-imagine its range of jeans and denim Teaming up with iconic Deepika Padukone illustrating the Bollywood bevy's fashion sensibility and authentic style she is known for. 

This brings Padukone’s signature ultra-casual style to life through long varsity jackets to Levi's close to heart range such as co-ord sweatsuits, crop-tops and bralettes, faux leather pants, and all-denim jumpsuit all doing magic presenting heartthrob collection.  

For Levi’s, on Wednesday the unveiling of a collection is teaming up with its global brand ambassador and celeb Deepika Padukone a moment to cherish.

To outline the highlights the collection will be available at Levi’s retail outlets in one of the growth markets, Levi.in this too includes select partner e-commerce platforms from 8 October.

True to the brand's stated commitment to sustainability, so no brainer to mention Levi’s x Deepika Padukone collaboration is responsibly made and produced.

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

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5th October 2021, Mumbai:

(SGCCI) Southern Gujarat Chamber of Commerce and Industry president Ashish Gujarati like many trade experts including the new Textile Minister has reiterated that "someone loss is someone gain" so brewing China's Power Crisis' can be opportunistically be exploited in the Indian Textile industry favour given our fundamentals.

Additionally, the reported shortage of coal supplies in our neighboring country, toughening net carbon emissions standards, and robust better than expected demand from the industry both in its domestic & global exports standpoint have led to a historic unabated increse in coal prices in China enforceable widespread curbs on its usage are all fundamental tailwinds for Indian textile sector.

The triggered short to mid-term hose industries running with the raw materials imported from China will have to chart out strategies as there would be potentially a shortage of supply given precarious supply shocks been witnessed there.

Experts opine India has got shy of 5% global share in textile sector v/s China has roughly 35% as small as 0.5% of China share slippage India almost doubles down its global share so the bottom line is there is a huge opportunity knocking at our door.

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

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9th October 2021, Mumbai:

Piyush Goyal while addressing the Inaugural Session of 'ICRIER's 13th Annual International G-20 Conference' made a very strong point that “AatmaNirbhar Bharat/self-reliant India by the stretch of the imagination is to be misunderstood being closing India’s doors to the outside world, but it’s in true spirit about opening the doors wider”

Pandemic has remodelled G20 priorities, unique opportunity to inject an inclusive and equitable agenda at the G20, Piyush Goyal clearly alluded to the opportunities Covid-19 has thrown to our nation. 

Unequivocally he also observed that India is in a sweet spot today & needs to build synergies with like-minded partners/ forces to bring out a credible solution on Climate Action,” he said.

“Good news is in not so distant future, developing countries like India will only be leading the organisation, Indonesia next year, followed by India.

Thus this uniquely paves way for all of us to instil a more inclusive and equitable agenda at the G20. Also to address climate change critical issue, G20 will play a pivotal role to tenably achieve all SDGs (sustainable development goals) to make this world a better living place,” 

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

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07 October 2021, Mumbai:

Textile Secretary UP Singh very enthusiastically stated yesterday that albeit as of now only 10 states have expressed interest in PM MITRA which underpins the shapes of things to unfold we are in MoT very confident all others will follow in the larger interest of their states as this shall follow spur in Job creation and attracting (FDI) Foreign Direct Investment.

The 10 states which are already on board for 'PM MITRA'— Gujarat, Karnataka, Madhya Pradesh, Assam, Uttar Pradesh, Andhra Pradesh, Odisha, Telangana, Rajasthan, Punjab. 

It is set to pave the way to set up mega textile parks with much-awaited integrated facilities and envious state-of-the-art plug-and-play infrastructure on over 1,000 acres in the coming three years, similar to much acclaimed China and Vietnams of the world. 

Besides, attracting cutting-edge technology and giving a much-needed push to inviting foreign direct investment (FDI) in the textile sector; PM-MITRA is exactly what was aspirationally been demanded & expected through the years. 

Resultant value capture & creation of an integrated textile value chain right from spinning, weaving dyeing, and printing to garment manufacturing all one-stop/ at one location is a given.

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

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1st October 2021, Mumbai:

With the peak season for round the corner The Textile Hub Town 'Tirupur' (T.N.) garment units are expecting if everything goes right better than pre-Covid level business.

Tea, President Raja M Shanmugam said close to Rs 28,000 crore business happened in 2019-2020 while God willing we are set to cross Rs 30,000 crore given the exporters' booking pipeline. Despite container shortage playing a spoilsport.

Tirupur exports basket comprise of casual wear and the spike in order/ order pipeline is robust given the present trend. To share the context Tirupur as a clothing hub is home to roughly 1,500 to 2,000 direct export units and another 10,000 to 12,000 subsidiary units like embroidery, dyeing, and knitting as a part of eco-system/ supply chains.

Secretary of Tirupur Exporters and Manufacturers Association (Teama) G R Senthilvel also is very constructive on the present apparel exports scenario and centre exports garments predominately to come from European, American and a few gulf countries.

Industry experts are of the strong opinion given China+1/ China credible alternate strategy gaining currency, Tirupur Technically can stake a claim as the opportunity presents itself at this juncture.

Considering that centre is sound in manufacturing, continuous up-gradation of existing technology has been well accepted as in way forward here, besides reskilling & stress on harnessing the requisite skillset is what gives confidence to experts today than ever before.

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

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 08 October 2021, Mumbai:

Manish Malhotra much sought-after Bollywood & household name in fashion designing gets an accolade for yet another 1st against name as he joins forces with Wazir X NFT Marketplace and FDCI x Lakme Fashion Week to foray into the untapped NFT universe.

NFTs or non-fungible tokens are typically illustrated as a unique string of characters that cannot be substituted so to say with something/ anything else. Let us say we are pushing in a new reality as they can be anything digital (art, music, drawings) making this instrument a one-of-a-kind asset in the digital world & lately lot of intrigue around this space is to be witnessed.

According to sources Manish Malhotra curated 5 exclusive fashion NFTs which include a picture of Lisa Ray from 1998, a GIF of Alia Bhatt in a chikankari lehenga, a hand-drawn sketch of a saree worn by Deepika Padukone in Yeh Jawaani Hai Deewani to drive the point home.

There is also an illustration of Bollywood heartthrob 'Kareena Kapoor Khan' and interestingly there is also a video titled Reminiscing Runways from the year 2013 which adds to this profound portfolio.

Thus in some sense, Manish Malhotra thus has revolutionized the fashion industry by leading the pack & adding a punch to it in style," STYLE GURU HE IS"

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

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6th October 2021, Mumbai:

This is a big one and can be a game changer making India 'Global Export Hub' as today Modi Govt big bang announcement by clearing Rs 4,445-crore nod under 'PM MITRA Yojana' to set up 7 mega textile parks.

What is striking about this is that,"The PM MITRA will be developed by a special purpose vehicle (SPV) owned by state governments and the central government in PPP mode which is imaginatively designed to work".

To put it in perspective Mega Integrated Textile Region and Apparel Parks (PM MITRA) was enthusiastically announced earlier in the Union Budget for 2021-22.

The mega announcement approved the setting up of 7 Mega Integrated Textile Region and Apparel parks with a total outlay of Rs 4,445 crore for five years aimed at positioning India uniquely on the global textiles map enviously.

The parks will be set up at greenfield/brownfield sites located in different states shown to have willingness & acceptance, though hard work will just start now because it would as a necessary condition a particular level of infrastructure there to take this initiative to the logical conclusion.

Proposals of state governments having ready availability of contiguous and encumbrance-free land parcels of 1,000 plus acres along with other textiles related facilities ecosystem are welcome, as envisioned by the center and enshrined in the preamble of this architecture.

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

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30th September 2021, Mumbai:

The central government has extended yesterday extended the ₹4.5 lakh crore 'Emergency Credit Line Guarantee Scheme' (ECLGS) to support MSMEs which is the backbone of our manufacturing eco-system and as a validation yesterday Hon'ble Commerce Minister, Piyush Goel categorically stated this sector contributes close to 97% of India's exports.

The Ministry of Finance also announced that the date of disbursement under the scheme has also been extended to 30 June 2022, and it is pertinent to mention here that Loans sanctioned under the ECLGS have crossed ₹2.86 lakh crore. The ECLGS which was to principally expire on September 30 and has already helped a robust number of 1.15 crore micro, small and medium enterprises (MSMEs) up until now. 

"This is on the back of consistent insistence & perennial demand from various industry bodies and multi-stakeholders urging & requesting to extend the scheme enabling continued help & support to eligible businesses across sectors,”

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 the 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 a new store at DLF Mall of India,Noida

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 08 October 2021, Mumbai:

Goel is optimistically exhorting textile industry captains cotton onwards "entire value chain" to respond to the opportunity the global marketplace offers the Indian Textile sector.

He states confidently given the sector underlying strength on the back of improvement in cotton cultivation practices, reducing import dependency and enhancement in productivity of Indian cotton all is well within the range to achieve this audacious goal of taking Indian Textile (IT) to its rightful place.

He further stressed that a series of back-to-back measures have been adopted by the Government of India & much-awaited policy intervention to improve the quality and productivity of cotton in the country besides taking a long-term call on the prospectus of this sector have changed the trade dynamics.

Minister offered heartfelt congratulations to 'CITI CDRA' on the completion of its well-achieved 'Golden Jubilee' also generously applauded its progressive & continued commitment to the cause of the development of cotton farmers and improvement in productivity.

Additionally, there is a tailwind been experienced on the back of the fact that govt is looking at stitching relevant FTAs with various sectors where textile is likely to be a natural beneficiary. 

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

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6th October 2021, Mumbai:

Bodywear brand 'SLOGGI' a brand from the iconic Swiss undergarment maker 'TRIUMPH International' makes an impactful entry into the Indian market, aiming to open 10 stores by 2022 to expand retail footprints to build on its brand recall & visibility.

The brand envisions focusing on tier-2 cities besides strategic metros to discover the untapped potential of this market segment in India. It has appointed franchisee partner Solar Group to take forward its vision of opening early brand stores in Navi Mumbai and Pune envisaged getting opened in the period October and December 2021 to cash in on the improving consumer sentiments.

The company has a robust business plan leveraging its learnings & insights besides trade deep connect, the goodwill it has generated through years in India to write a successful Playbook for SLOGGI.

It is pertinent to mention TRIUMPH has 1,000 plus consumer experience (POS) points to kick-start this initiative.

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

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29th September 2021, Mumbai:

The government has given nod to today the capital infusion of Rs 4,400 crore to ECGC through five years. The Central government has additionally indicated to have approved the listing of state-owned Export Credit Guarantee Corporation (ECGC) through IPO on the stock exchange.

The underlying logic for going public clearly is to unlock the true value of the company, promote 'people's ownership' thereby create envy for public participation nudging retail investors to look at this financial asset class more sanguinely thus fuel Corporate Governance & accountability.

The Cabinet Committee on Economic Affairs was chaired by Prime Minister Narendra Modi which mandated the listing of Export Credit Guarantee Corporation (ECGC).

It is imperative to state that 'ECGC Limited' is a wholly-owned CPSE of the Government of India to improve the competitiveness of the MSMEs, SMBs, and technology to support the exports out of this sector which is the backbone of Indian exports providing Credit Risk Insurance and related services.

ECGC core motive thus is to hike its maximum liabilities to Rs 2.03 lakh crore from Rs 1 lakh crore by 2025-26 as a stated objective.

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

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