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English 📈 The Rise of Fast Fashion: Outpacing Traditional Brands!
In the financial year 2024, India’s fast fashion segment surged by an impressive 30–40%, dwarfing the modest 6% growth of the larger apparel category. Fast fashion companies are redefining the industry by releasing over 50 collections annually, ensuring consumers always have the latest designs and styles. 👗 Millennial and GenZ women are leading the charge, […]
India’s Textile Industry Seeks Protection and Growth in Budget 2024-25
Key Demands from the Industry:Import Restrictions: Minimum Import Price (MIP) on fabrics, exclusion of fabrics and garments from free trade agreements.Boosting Domestic Manufacturing: Special incentives for weaving and knitting sectors, deferment of MSME payment rules, ensuring raw material availability at international prices.Countering Unfair Practices: Anti-dumping duties on Chinese fabric imports.Government’s Vision:Competitive: Enable Indian manufacturers to […]