Strait of Hormuz Disruption Pushes Polyester Fibre Prices Up
Polyester fibre prices in India jumped by Rs.12 (US $0.13) per kilogram after the Strait of Hormuz closure forced vessels to reroute around Africa. The diversion adds roughly 20‑25 days to transit times, inflating freight costs and straining supply chains. SIMA warns that the surge could pressure garment exporters, potentially shaving up to $3 billion in annual Gulf sales. With polyester comprising 75% of synthetic fabrics, the price hike threatens margins across the textile sector.
Ethnicwear Brand Kiaasa Retail Targets 250 Stores by FY ’29 as It Accelerates Expansion
Kiaasa Retail Limited, an Indian women’s ethnicwear brand, plans to grow its footprint to roughly 250 stores by fiscal year 2029, up from more than 120 outlets today. The company will deploy Rs 69.7 crore raised in its IPO to finance new...
Italian Luxury Menswear Brand Vercelli Enters India with Flagship Retail Presence in Mumbai
Italian luxury menswear house Vercelli has opened its first flagship store in Mumbai, marking the brand’s direct entry into India’s organized retail market. The 4,500 sq ft, two‑level boutique, launched with longtime textile partner Rishab World, showcases the full ready‑to‑wear line and...
Rising Sulphur Prices Add Pressure to India’s Textile Dye Chain
Rising sulphur prices, driven by Middle East supply disruptions and higher freight costs, are adding fresh cost pressure to India’s textile dye industry. The country, which imports most of its sulphur, now faces higher input costs that threaten margins for...
Punjab Attracts US $ 82 Million Textile Investment as Yarn Maker Ganga Acrowools Expands Operations
Ganga Acrowools Limited announced a Rs 750 crore (US $81.85 million) expansion in Punjab, marking the state’s largest recent textile investment. The project will add more than 1,500 jobs to the company’s existing 5,600‑strong workforce and focus on specialised yarns for knitting, weaving, carpets...
Call for Textile Park in Shivamogga Ahead of Karnataka Budget
Chairman Chetan K. Gowda of Karnataka State Textile Infrastructure Development Corporation has pressed the state government to announce a dedicated textile park in Shivamogga during the upcoming budget. He met Chief Minister Siddaramaiah on March 2, submitting a memorandum that highlights...
D2C Channels Growing Faster Than E-Commerce Marketplaces in India: Report
McKinsey’s latest report finds India’s direct‑to‑consumer (D2C) market, now worth $10‑11 billion, is set to explode to $55‑60 billion by 2030, growing at a 38% CAGR. This outpaces traditional e‑commerce marketplaces, whose sales are expected to reach only $100 billion with a 10‑12%...
Blackberrys Brings Onboard Apparel Industry Veteran Sartaj Singh Mehta
Blackberrys, the Indian menswear label, has appointed Sartaj Singh Mehta to its senior team, tapping a veteran with nearly three decades in fashion and lifestyle. Mehta most recently served as Senior Director of Product and Design at Pepe Jeans London,...