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Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small & Medium Enterprises (MSMEs), and CRIF High Mark, a leading Indian credit bureau has launched its third edition of Industry Spotlight, which analyses the ‘Indian Textile and Apparels’ industry.
According to the report, the total amount of credit availed by the sector as of December 2020 stood at Rs.1.62 lakh crore, which witnessed a Y-o-Y decline of nearly 20%. This is due to the suspension of manufacturing activities in the immediate aftermath of the COVID-19 lockdown in March 2020. The report also states that the number of active loans (volume), in the sector stood at 4.26 lakh, as of December 2020.
The industry observed a quarterly decline in Non-Performing Assets or NPAs (proportion of credit value delinquent by 90+ days) over the last two years, from 29.59% in September 2018 to 15.98% in September 2020. NPAs in December 2020 increased by 0.94% which is nearly 8% lower than NPAs in December 2019.
With 95% of the overall credit by volume of the sector concentrated in micro, small and medium segment of borrowers, the industry has a presence of close to five lakh borrowers as of December 2020.
At the state level, Maharashtra has the largest share of the credit portfolio at 25% of the credit book to the sector.
The report emphasizes that the top 13 regions rich in textiles and apparels manufacturing accounted for 80% of the credit portfolio of the sector as of December 2020. Nearly all states have districts manufacturing textiles and apparels, having several credit active units. Some districts such as Mumbai and Surat have more than Rs. 10,000 crore credit portfolios as of December 2020.
Sivasubramanian Ramann, Chairman and Managing Director, SIDBI said, “The textiles and apparel industry in India is one of the oldest and largest sectors of the Indian economy and critical to the country’s employment story. The sector is the fifth largest in exports, contributing to 12% of the country’s export earnings and 2% to GDP. India is a world leader in textiles and possesses the entire manufacturing value chain. The Union Budget 2021-22 has taken into consideration the needs of all sectors of the economy in the quest for the $5 trillion economy and accordingly, in order to enhance India’s textiles competitiveness globally, the scheme for Mega Integrated Textile Regions and Apparel Parks (MITRAs) was announced that will create world class infrastructure with plug n play facilities for the domestic market to showcase steep recovery.”
Navin Chandani, MD & CEO, CRIF India, said, “Despite the pandemic, the top thirteen regions active in textiles and apparels manufacturing constituted 80% of the credit portfolio as of December 2020. In India, each state has a unique contribution to the apparels and textile sector. The Government of India announced a special economic package in May 2020 under the Atmanirbhar Bharat program that is set to benefit the large number of small-scale entities, including the weavers and artisans across the country. The right policy interventions, abundant availability and fair access to raw materials along with the surplus available labour can further boost the development of this crucial sector.”
Vibrant styles, signature cuts and lots of mélange would be found in the upcoming capsules. We use fine stretchable, knit, mesh and breathable rapid dry fabrics which are usually finished with N9 and UV protection layers to enable people to train or perform better while in HRX clothing.
Nysaa Retail, which operates the 1-India Family Mart retail chain, plans to invest Rs 100 crore to add 80 stores, while eyeing a turnover of Rs 1,100 crore by 2020-21, a top company official was quoted by news agency PTI as saying.Shukla says 1-India Family Mart is looking to adopt Omnichannel retail distribution and plans to pilot a project for the same
One of the world’s most iconic luxury footwear brands, Berluti, hosted an exclusive evening to showcase new styles to guests and present their signature technique of footwear tattoo artistry by Elena Lodiat Soho House, Juhu. Firmly grounded in bespoke know-how, Berluti took its technical skills and creative flair a notch higher by transforming the rules of style with tattooing.With this exclusive service, Berluti brings an even more bespoke look to an already-unique shoe
Fitness as a trend is not just limited to metros. However, Rishabh Oswal feels that fitness movement is still an urban revolution and needs more to be democratised. “In Tier II cities, fitness awareness is sporadic but not completely missing. Women are reluctant participant in any workout, men comprise the majority in gyms. It is important to have a pan-India presence for any brand and as far as activewear is concerned we are hopeful to crack the walls through online presence,” he says.
Hence, activewear serves the purpose of an active life mixed with a casual social life, it can be used for exercising and then transitioning into casual wear. Activewear affords more flexibility and style along with functionality and comfort, while sportswear is more focused on functionality and performance.
On this occasion, Salman Khan, Bollywood actor, said, “It feels great that we are taking our next step of expansion with Being Human Jewellery’s first Franchise Store in Chandigarh! The people of Chandigarh have always given me a lot of love and I hope we continue to receive it.”
http://www.zara.com/ww accepts widely used online payment methods such as PayPal, as well as all the main credit cards. Orders are processed in euros, grossed up by the corresponding delivery and customs charges, and fulfilled from Zara’s online platform in Spain; they will be received within three to seven days.
We believe that globally the Fila Heritage line has seen resurgence and the designs have been accepted and appreciated by celebrities, fashion stylists, magazines, and consumers across the world. Our objective is to ensure the same range is available in India and is a true representation of the design sensibilities of the brand. Over the next one year, you will see the same collections being available in India along with collaborations from India that will reflect the same design language as the brand.
Going by the practice and principles of yoga, we believe one should wear clothing that allows easy movement, is comfortable and also naturally breathable. It should almost be like a second skin because yoga requires ease in movements. Most sportswear categories make clothes using plastic materials like nylon and polyester. The garments are often tight and restrictive and loaded with chemicals. As a yogi, ideally one should makes choices that support the environment.
The rare tattoo designs based on four themes: a classic bestiary of Insects & Animals, the signs of the Zodiac and the Chinese horoscope, vintage designs with Eagles, and the subtle art of Calligraphy can now be perfected on Berluti’s original and globally renowned Venezia leather. The noblest of all leathers, only Venezia leather sustains the creative audacity of Olga Berluti’s vision of art.
Fila entered the sportswear market in the 70s and has been a trailblazing vanguard at the nexus of the sports and lifestyle industry. Over the years, the brand has also been associated with many iconic moments in sporting history – from Bjorn Borg winning five Wimbledon titles in a row, Reinhold Messner being the first man to summit Mount Everest without bottled oxygen to German Silva winning the New York Marathon despite taking a wrong turn a mile short of the finish.
Our local innovation for India is focused on specifically designing motorsports footwear for the Indian rider, specifically high abrasion resistant materials on contact points on footwear. We have also introduced the HEXO and COMFORTX cushioning technologies to ensure comfort, flexibility and lightweight performance in both lifestyle and sports footwear.
The key to its success lies with the conduct of engagement and training programmes that we provide on various subjects pertinent to modern retail like product training, customer relationship management, staff development, visual merchandising and operations, apart from evolving product portfolio that ensures the product offering is in line with the changing consumer preferences and requirements.
“Technology may have evolved, but the craftmanship of bespoke tailor is far superior than any manufacturing unit. A bespoke specialist takes the client’s body type into consideration while producing the garments which gives him the upper hand over any technology. The devil is in the details,” says Gonsalves.
Fila has had a long and colourful history! Right from its humble beginnings in Biella, Italy over a hundred years ago to the colossal stand that it enjoys today in a country like India, Fila has endured as a brand!Fila entered the sportswear market in the 70s and has been a trailblazing vanguard at the nexus of the sports and lifestyle industry