Due to a weak rupee and a rise in the international price of gold, this Diwali season could see Indian gold prices rise by up to 3.15 percent but the industry is expecting a better festive season than last year.
There is an urgent need for diversifying the product basket of the Indian textiles by producing more blended apparel to meet the increasing needs of the fashion industry, said the trade advisor to textiles ministry.
The chairman of the Delhi Fashion Club, Harshit Dhingaun, has been named "Best Youngest Fashion Director" by the Institute of Design, Chennai, marking the beginning of a collaboration between the two entities.
The Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organisation (FLO) will work directly with weavers and designers to boost sales of hand-woven, hand-embroidered and hand-crafted products.
The Bihar Rajya Khadi Gramodyog Board (BRKGB) has signed agreements worth Rs 95 lakh to supply its products to textile traders and different institutions in Kerala, according to chief executive officer B N Prasad.
Eight Dutch institutional investors, with combined assets of €725 billion, have launched the Platform Living Wage Financials initiative campaigning for fair wages in the textile sector in the developing world.