India news and archive

RSWM achieves margin expansion despite revenue decline in Q3

Indian textile manufacturer RSWM has announced its financial results for the third quarter and nine months of the 2025/26 financial year. The company reported a revenue of 10.93 billion rupees for the quarter ending December 31, 2025, a decrease of 5 percent. Management attributed this decline to softer demand conditions and uneven global...

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Business

Asics eyes India growth as consumers prioritise healthy lifestyles

The head of Asics’ India business has said the company expects significant growth in the region as a wider number of affluent consumers increasingly prioritise healthier lifestyles. Speaking to Bloomberg, Rajat Khurana, the managing director of Asics India Pvt, said he is aiming for the Japanese shoemaker to become the number one player in...

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Business

Tex-Eco Initiative: future-proofing Indian textile and garment exporters for global ESG compliance

India's Union Budget 2026-27, revealed earlier this week, outlines strategic shifts for the textile and garment industry to enhance its global supply chain role, focusing on value, sustainability and technology. The Tex-Eco Initiative was unveiled as one of the “Integrated Programme for Textiles"' pillars: It is designed to align Indian textile...

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Business

India's textile budget 2026-27: implications for global supply chains

India’s Union Budget was announced on 1st February, summarising estimated revenue and expenditure of the year 2026-27. As it maintains a strong focus on public capital expenditure to support logistics efficiency, urban development and industrial expansion, it has a far reaching effect on many sectors. FashionUnited has summarised the five key...

Fashion

Skechers launches debut cricket footwear line in the UK

US sneaker brand Skechers has launched its first-ever cricket footwear collection in the UK. The collection launch, which follows on from the inaugural introduction in India, sees the brand bring its Skechers cricket elite style to players of all levels in the UK. The collection is said to have been developed using insights and feedback from...

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Business|Opinion

How the India-EU FTA will level the playing field for the textile and apparel industry

For many garment industry insiders who have navigated the ebb and flow of global supply chains for years, witnessing the formal signing of the India-EU Free Trade Agreement (FTA) on 27th January 2026 seems like the dawn of a new era. For decades, Indian exporters felt as if one hand was tied behind their backs as they faced stiff tariffs while...

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Retail

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...