Apparels

CaratLane has appointed Jigar Vyas as its new Chief Financial Officer. Vyas brings over 16 years of experience to the role. He will oversee financial strategy and governance. This appointment supports CaratLane’s expansion plans. Vyas aims to strengthen financial foundations for disciplined growth. The company is scaling its omni-channel jewellery business in India.

Sri Lanka’s garment exports rose 5.4 per cent to $4.47 billion in January–November 2025, supported by recovering global orders and improved factory utilisation.
Textile exports declined on weaker domestic demand and lower re-exports, while value-added textile articles grew.
Apparel continued to dominate industrial exports, accounting for over half of the total, even as imports showed mixed trends.

The Colombo consumer price index-based YoY headline inflation in Sri Lanka remained unchanged at 2.1 per cent in December last year, according to the country’s central bank.
Non-food inflation (YoY) accelerated to 1.8 per cent in the month from a 1.7-per cent recorded in November.
The inflation for clothing and footwear rose from 3.6 per cent in November 2025 to 4 per cent in December.

Jordan’s exports of leather and garments fell by 2 per cent YoY in January-October 2025.
Exports of manufactured garments and accessories fell by 2 per cent YoY, while non-manufactured garment exports rose by 16 per cent.
Export of carpets and textile floor coverings rose by 15 per cent YoY.
Exports of footwear and parts fell by 28 per cent YoY; those of raw and tanned leather dropped by 41 per cent YoY.

Smaller garment-producing economies like Myanmar, Thailand and Laos came under intense pressure from steep US tariffs and shifting geopolitics.
Tariff hikes disrupted factory orders, accelerated closures, and threatened livelihoods.
Exporters were left to scramble for alternative markets, push trade negotiations, and rethink supply chains amid rising costs and dependence on China.

Turkiye’s apparel exports declined 6.7 per cent to $15.13 billion in January–November 2025, weighed down by weak European demand and rising competition from Asian suppliers.
Woven apparel saw a sharper fall than knitted goods.
Persistent cost inflation, currency volatility and intensifying rivalry from Bangladesh, Vietnam, India, Egypt and Morocco continue to pressure competitiveness.

India has extended the deadline for its Production Linked Incentive scheme for textiles to March 31, 2026. This move follows a strong response from companies. The government is also organizing a National Textiles Ministers’ Conference in Guwahati on January 8-9.

Seven PM Mega Integrated Textile Region and Apparel (MITRA) Parks are being established with an estimated project cost of Rs 13,040 crore. Investment MoUs exceeding Rs 27,434 crore have been signed, and infrastructure works worth Rs 2,590.99 crore are underway across all seven states. These parks aim to boost India’s textile competitiveness and global market position.

Sri Lanka’s year-end review 2025 highlights a turbulent year for its apparel-led export economy, dominated by prolonged tariff negotiations with the US and rising domestic pressures.
While successive duty cuts provided partial relief, uncertainty over market access squeezed margins and threatened employment.
Studies warned that tariff-driven cost pressures could put thousands of apparel jobs at risk.

Turkiye’s exports were worth $22.536 billion in November—a 1.3-per cent increase YoY, while imports were worth $30.518 billion—a 2.6-per cent rise YoY, according to provisional official data.
Foreign trade deficit in the month was $7.982 billion—a 6.3-per cent increase YoY.
The main partner country for exports in November was Germany, while the top country for imports was China.