India news and archive

Textile sector set for major gains under new EU-India trade deal

After almost 20 years of intermittent negotiations, the free trade agreement (FTA) between the European Union (EU) and India has been finalised. On January 27, 2026, in New Delhi, European Commission president Ursula von der Leyen, president of the European Council António Costa and Indian Prime Minister Narendra Modi sealed what observers are...

Fashion

Men's fashion turns to embroidery as guys want 'something different'

Men's fashion is embracing embroidery and handcrafted textiles that were once viewed as old-fashioned or feminine, with a clutch of modern Indian brands poised to benefit from the catwalk and celeb-driven trend. Embroidery is a historic mainstay of traditional clothing in Asia or the Middle East, as well as Western Haute Couture, but it is...

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Business

Canopy outlines details of 2 billion dollar investment blueprint for decarbonization in India

Solutions-driven environmental non-profit Canopy has outlined the finer details of its new 2 billion US dollar finance platform designed to speed up the growth of low-carbon materials and transform the paper, packaging, and textile supply chains. Said to be the first of its kind, the new initiative, announced at the World Economic Forum in Davos...

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Business

Shoppers Stop shares slump as premiumisation fails to offset profit hit

The Indian multi-brand retailer Shoppers Stop has announced its financial results for the third quarter and nine months ended December 31, 2025. Despite a strategic shift towards high-end offerings and experiential retail, the company faced significant market pressure following the release of its latest earnings report. Shoppers Stop’s stock...

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Business

India's apparel retail market to reach 176 billion dollars by FY30

India’s apparel retail sector is poised for a massive transformation, with the market expected to reach 16 lakh crore (176 billion dollars) by FY30, according to a report by CareEdge Ratings. Driven by the rapid rise of e-commerce, a burgeoning "value fashion" segment, and deep penetration into Tier-2 and Tier-3 cities, the industry is...

People

Myntra and Raymond Lifestyle announce key leadership appointments

In a significant shake-up within India’s fashion retail landscape, industry giants Myntra and Raymond Lifestyle have made high-profile leadership appointments, drawing seasoned talent from top competitors to spearhead their next phases of growth. Raymond Lifestyle has fortified its leadership ranks by appointing two industry veterans, Thomas...

Retail

Juicy Couture opens exclusive brand outlet in Mumbai's Skycity mall

In a move that brings California’s signature "casual luxury" to the heart of India’s fashion capital, Juicy Couture has officially opened its newest exclusive brand outlet at Skycity Mall in Borivali East. This strategic expansion into Mumbai marks a significant milestone for the Los Angeles-based brand, offering a dedicated space for...

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Business

Textiles ministers’ conference to convene in Guwahati to chart India’s 350 billion dollars roadmap

In a significant move to unify the country’s textile strategy, the Ministry of Textiles, in partnership with the Government of Assam, is set to host the National Textiles Ministers’ Conference on January 8–9, 2026. Held under the theme “India’s Textiles: Weaving Growth, Heritage & Innovation,” the two-day summit will serve as a high-level...

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Business

Re-START Alliance launches Cluster Collective to scale textile recycling in India

The Re-START Alliance, an initiative focused on scaling textile recycling and convened by Laudes Foundation with founding partners Canopy, Fashion For Good, and IDH, launched its first flagship project: the Cluster Collective. This ambitious four-year programme, led and implemented by founding partner IDH, aims to unlock the significant economic...

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Business

Luxury: 86 percent of Indian consumers plan to increase spending over next 12 months

Nearly two thirds of Indian and Chinese consumers have spent over 20,000 euros on luxury goods in the past 24 months. Additionally, 86 percent of Indian consumers plan to further increase their spending over the next 12 months, the most significant figure among all markets analysed. The data confirms that luxury growth continues, yet drivers and...

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Retail

Prada partners with Indian corporations for Kolhapuri chappal project

In a significant collaboration aimed at celebrating and globalizing Indian craftsmanship, the luxury fashion house Prada has signed a Memorandum of Understanding (MoU) with two key state-owned Indian government corporations: LIDCOM (Sant Rohidas Leather Industries and Charmakar Development Corporation Ltd) and LIDKAR (Dr. Babu Jagjivan Ram...

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Business

Quick fashion platform Knot secures 5 million dollars in fresh funding

Knot, Mumbai's rapidly accelerating 60-minute fashion delivery platform, has successfully raised 5 million dollars in a new funding round. The investment was spearheaded by 12 Flags, with continued backing from existing investors Kae Capital and Boundless Ventures. This significant capital injection, coming just three months after the company's...