DIGITISATION IN APPAREL INDUSTRY
What India's roadmap to global apparel leadership should look like
India's textile and apparel industry is aiming for USD 100 billion in exports by 2030 through Free Trade Agreements. The focus should be on enhancing capabilities in quality, delivery, and price to remain competitive. Indian manufacturers must leverage automation, digitization, and vertical integration to improve efficiency and respond to global demands.
Esstee Exports bets on IoT platform Texplus to boost textile factory efficiency by up to 20%
Designed specifically for the apparel manufacturing sector, Texplus offers a digital platform that connects every stage of the manufacturing process through real-time monitoring, QR-code traceability, production analytics, workflow automation and AI-powered decision support.
Sustainability must be commercially viable to scale: ICC's Naresh Tyagi
Indian textile firms are innovating with low-impact and regenerative materials and embedding eco-conscious inputs into sourcing, but sustainability must now move from pilots to mainstream operations, says Naresh Tyagi.
The trade deal that stitches US gains while Bangladesh threads the needle of risk
Bangladesh's recent trade agreement with the United States appears to be a double-edged sword for its garment industry. Although it provides zero-duty access, the stipulation to use US-sourced cotton and fibers undermines their competitive edge, given their current dependence on alternative suppliers. Additionally, the obligation to import US agricultural products and energy adds financial strain.
Driven by stronger fundamentals, Tier II/III boom, retail sector set for accelerated growth in 2026
India's retail sector is set for strong growth in 2026. Demand is shifting to smaller cities, boosting the market. Digital integration and new mall developments are key drivers. Experts predict double-digit growth, with technology and consumer focus shaping the future.
Shein India data to remain here, will sell products manufactured by Reliance Retail arm
Shein India app, launched by Reliance Retail's subsidiary Nextgen Fast Fashion, partners with Indian MSMEs to manufacture and sell products locally and globally. The platform, developed and hosted in India, ensures data localization and offers no access to Shein. This initiative aims to boost Indian MSME exports and create local jobs.
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Lauritz Knudsen bets on Mumbai Indians partnership to boost visibility in India
Lauritz Knudsen Electrical and Automation (formerly L&T Switchgear) partners with Mumbai Indians as Principal Partner for IPL 2025. The collaboration leverages Mumbai Indians' vast fan base to boost Lauritz Knudsen's brand visibility in India.
ET WLF 2024: Rich history, culture can help India win spot among top 10 tourist destinations
"This is the first time independent India has seen such impetus or focus on developing infrastructure, both from the government and the private sector, such as road network, improvement of stations, world class airports, sports stadiums, convention centers," said Mandeep Lamba, president and CEO, South Asia, HVS Anarock, while moderating the session.
CII wants Modi 3.0 govt to push land, labour, agri reforms to boost growth
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII President Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket".
Gaps in textiles value chain which global expo, Bharat Tex Expo 2024, seeks to address
India presents a unique strength in the Textiles and Garment sector with a complete value chain from fibre to garments and being the second largest cotton producing country in the world after the US.
B2B vendor-digitisation platform Bizongo acquires Titan Capital-backed FactoryPlus
The latest acquisition comes on the heels of the Mumbai-based startup firing about 15% of its workforce in October, immediately after a fresh fundraise of $50 million in October.
Exclusive: Bizongo raises $50 million funding from existing investors
The funding was raised at a valuation of $980 million, a premium of 63% over August 2022, when it last raised funding, co-founder and CEO Sachin Agrawal told ET.
Foreign Trade Policy 2023 unveiled, govt breaks tradition of target year
Unveiling the much-awaited Foreign Trade Policy, Commerce Ministry on Friday broke the tradition of a policy lasting for five years and will instead focus on 'long term'. There is no end date to the policy and will be updated as and when necessary, the ministry said. Further, Faridabad, Moradabad, Mirzapur and Varanasi have been declared as towns of export excellence.
5 reasons Aditya Birla Fashion is stock pick of the week
Aditya Birla Fashion is launching new brands and re-energising existing ones to strengthen its position. It plans to create a portfolio of about 30 brands in the next three years.
Where will market leadership come from in Samvat 2079? Pankaj Murarka answers
“After a very long time, we are seeing some initial signs of revival in India’s investment cycle. Engineering and capital goods as a sector has done pretty well over the last 12 months. I still think that it is very early days for the sector. Leadership will come from domestic economy and domestic economy-oriented sectors while global sectors could remain challenged for some more time to come.”
Is it time to look at large-, mid-cap IT companies? Why Sumit Poddar is bullish on this domestic theme
"Large private banks stocks will come out as a winner because they are investing a lot in digitisation. It is not just about investing in digitisation alone but also in ecosystems. So, they have been at the forefront of ensuring that the banking ecosystem is in place."
States urged to reform, seize export space being vacated by China
ET has gathered that the thrust was on initiating key state-level reforms to increase exports by grabbing the low-skill manufacturing base China is exiting as wages rise there.
Pocketing even 1% market share from China means India gets a $10-billion opportunity in textiles, says industry
China-plus-one has created a growth window for the Indian textiles segment, and the PLI Scheme can give the sector a boost. There might not be a more opportune time for the industry to seize an opportunity to grow quickly and counter rising competition from Vietnam and Bangladesh.
Standard Chartered-backed Solv crosses Rs 1200 crore transaction run rate, 100,000+ verified MSMEs
Grocery & Consumables segment specifically, has been a high-growth category on the Solv platform post-pandemic, with consumers spending more on essential dailies, personal care, hygiene & wellness products.
NeoGrowth set to disburse loans within 24 hours to retailers with instant approval
The company claims that the loan applications will be approved instantly without the need for any bank statement, any industry-first feature.
Stars aligned for India’s Internet cos to create value in next 10 years: BofA Securities
According to the brokerage, Reliance Industries will garner over 500 million users over the next 3-5 years, offer broadband services to 20-25 million households and cater to 12-15 million small businesses.
Logistics firms optimise costs amid payment delays from cash-strapped customers
While ecommerce companies, seeing steady sales, have been paying warehousing service providers on time, some companies in the fashion apparel segment have not paid for transportation services availed back in February and March, said Anshuman Singh, chairman of Warburg Pincus-based Stellar Value Chain solutions.
Industry captains discuss how coronavirus is changing consumer behaviour
Chiefs of key companies are confident of the India story and are expecting focus on hygiene and immunity to continue, even as India adopts an increasingly digital ecosystem - one that could be highly beneficial.
Where is Amazon India investing its $1 billion? Gopal Pillai has some details
The brand has plans to establish Digital Haats to enable businesses to integrate into the digital economy.
E-commerce to be key growth driver for lifestyle brands; Hindi speaking consumers ignored by luxury brands: Marketers
Management consulting firm Technopak president Saloni Nangia said the next decade would define winners in the digitally creative world. She added that game-changers in the coming decade would be disruption of traditional business models, customer centricity, product experience and collaborative supply chain.
In 4 years, Amazon wants seller exports to touch $5 b
Etailer says it is working closely with the government on policy changes to scale Indian exports.
'Reliance Retail breaks into top 250 list of global retailers'
The company recorded a robust 59.2 per cent growth in retail revenue in the financial year 2015-16.
Big opportunities for HP from Digital India: Dion Weisler, HP
Weisler says that the company will set up a separate Digital India business unit — making the company probably the first MNC to do so.
Indian book market to touch Rs 739 billion by 2020: Survey
However, the Indian book industry receives no direct investment from the government - "a serious roadblock for publishers," the report says.
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