December, 1-15 2019

There is no doubt that retail industry across the globe is growing and also the fact that India is today one of the world’s fastest growing industries. India’s retail sector is expected to grow at a compound annual growth rate (CAGR) of 10.4 per cent between 2018 and 2022 and is pushing itself to become one of the favourable markets for foreign brands. Of recent, even the Ministry of Commerce of India has announced a slew of relaxations on FDI investment, especially in single-brand retail. Japan is one country that’s proved successful running brands like Onitsuka, Tiger, Miniso, Uniqlo, Wacoal, Muji, etc. in India.

The issue also covers Texcon’19 conference, organised by the Confederation of Indian Industry (CII). The focus was on growth of Indian textile and apparel industry and for which issues like export, sustainability, efficiency improvement, and more use of MMF was highlighted. Also Textile Exchange, a global non-profit institution, announced the new 2030 Strategy: Climate+. It promises to be the driving force for reducing CO₂ emissions by up to 35-45 per cent from textile fibre and material production by the year 2030. Besides, the global authority on wool – The Woolmark Company – has also launched an all new merino wool Fall/Winter 2019 collection in collaboration with Péro.