Apparels

The ministry of textiles is preparing a roadmap to grow the nation’s share of these exports to around 12% from the current 5.8% to its free trade agreement (FTA) partners, besides enhanced targeted branding of high-value products. The ministry is also working on a diversification-driven strategy by doubling India’s share in the imports of top 40 countries to 10% at $55-60 billion from 4.8%, or $28.3 billion, at present.

Spain’s apparel imports rose 7.10 per cent year on year to $19.014 billion in January–October 2025, reflecting resilient consumer demand.
China overtook Bangladesh as the top supplier, while Morocco, Cambodia and Turkiye strengthened near-shoring roles.
Trousers and shorts led imports, and stable category shares point to consistent consumer preferences despite shifting supplier rankings.

Gold and silver prices surged to record highs on Tuesday, driven by renewed trade war concerns following US President Donald Trump’s tariff threats linked to Greenland. Investors sought safe-haven assets amid heightened global uncertainty. While prices later pared some gains, volatility is expected to persist.

The UK has introduced improvements to the rules of origin under the Developing Countries Trading Scheme.
These changes will make it easier for eligible developing countries to trade with the UK by creating new regional cumulation groups for Africa and Asia; and make rules of origin for garment exports more flexible for 16 enhanced preference tier countries.

Cascale has announced Cascale Forum: Colombo, March 30 to April 1, 2026, uniting brands, manufacturers, NGOs and policymakers to accelerate fairer, more resilient apparel value chains.
To be hosted in Sri Lanka, the Forum focuses on climate action, decent work, collaboration, hands-on learning, factory tours and practical use of Higg Index tools.

Shares of Aditya Birla Fashion and Retail slid to a 52-week low after a Rs 289 crore block deal, as reports pointed to a clean-out trade by an undisclosed institutional investor.

China has deepened its dominance in South Korea’s apparel imports, expanding its market share as total imports edged lower.
Korean buyers increasingly favoured China for cost, speed and scale, while Vietnam and other suppliers lost ground.
Exports stayed broadly flat, underscoring South Korea’s role as a consumption-led, brand-driven apparel market rather than a volume manufacturing hub.

Indian sneaker brand Gully Labs secured Rs 30 crore in Series A funding led by Saama Capital. The capital will fuel product expansion, enhance offline retail presence in India, and boost international brand awareness in the US and UK. The company aims for Rs 100 crore in annualised revenue by FY 2026-27.

Raymond Lifestyle has appointed Satyaki Ghosh as its new chief executive officer. Ghosh brings over 25 years of experience from leading companies. This move signals a new phase of growth and transformation for Raymond Lifestyle. The company is also onboarding E.C. Prasad as CFO. These leadership changes aim to strengthen execution for long-term growth in India and international markets.