Apparels

Sahu International Attire will invest ₹700 million in a garment manufacturing facility in the Yamuna Expressway Industrial Development Authority region of Uttar Pradesh (UP) state that is expected to create 2,000 jobs.
The company is among 17 firms that received allotment letters by UP chief minister Yogi Adityanath for setting up projects covering several sectors, including solar energy and green energy.

Counterfeiters are flooding the Indian market with impure silver, exploiting rising prices and demand. Refiners are urging mandatory hallmarking and licensing for silver products to ensure quality and transparency. Despite upcoming mandatory hallmarking, many jewelers are not complying, leading to substandard silver with prohibited elements entering the market.

Hong Kong’s apparel imports declined slightly to $1.431 billion in January-March 2026 amid softer sourcing activity.
China remained the largest supplier despite a marginal fall in market share, while Vietnam, France and Japan expanded their presence.
The trading hub continued to maintain its role as an independent customs territory and global re-export centre.

Coats Group PLC & JACK Technology Co Ltd have signed a strategic cooperation agreement to accelerate innovation for China’s growing apparel SME sector.
The partnership combines Coats’ high-performance thread, digital software and technical support with JACK’s intelligent sewing equipment to help manufacturers improve shop-floor efficiency, productivity and inventory management.

Sri Lanka’s apparel exports fell 4.72 per cent year-on-year to $328.15 million in April 2026 due to weaker demand from the UK, EU, and US markets, according to JAAF.
Exports to other destinations rose 12.61 per cent, highlighting diversification opportunities.
JAAF said improving competitiveness and policy support will be crucial for long-term sector growth.

Deckers Brands has reported record FY26 revenue of $5.47 billion, up 9.8 per cent YoY, with diluted EPS rising 11 per cent to $7.02, driven by strong HOKA and UGG sales.
Fourth-quarter revenue increased 9.6 per cent to $1.12 billion.
The company forecast high-single-digit sales growth for FY27 and expanded its share repurchase authorisation to approximately $5 billion.

India’s attempt to protect the rupee is now colliding with one of the country’s strongest cultural habits — buying gold. After Prime Minister Narendra Modi urged citizens to avoid gold purchases for a year, the government raised gold import duty from 6% to 15% to reduce pressure on foreign exchange reserves and the current account deficit.

Gold prices are expected to trade sideways next week. Silver, however, is likely to see gains. Traders are closely watching US-Iran negotiations for clues. Investors will also track US economic data and Federal Reserve policy. Crude oil prices saw a correction, easing some inflation worries. The rupee strengthened against the US dollar, limiting domestic gold price upside.

New Zealand’s apparel imports fell 8 per cent year on year to NZ$150.50 million in April 2026, reflecting a softer start to fiscal 2026–27, with sharper weakness in non-knitted garments.
In contrast, apparel exports rose 19.3 per cent, led by strong growth in knitted apparel.
Fabric imports increased, indicating resilient demand for textile inputs despite weaker garment sourcing.

Argentina’s apparel imports surged 68 per cent year on year to $238.84 million in Q1 2026, reflecting stronger domestic demand and faster sourcing activity.
China retained its lead, accounting for 56.7 per cent of import value and 77.1 per cent of volume, while Vietnam, Bangladesh and Cambodia also posted strong gains, highlighting broad-based growth in Argentina’s apparel imports.