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Articles from Mayank Mohindra | Selfgrowth.com
- Covid squeezes the life force out of small and medium players? - by Submitted on Mar 17, 2021 from Mayank MohindraCOVID-19 fallouts are making survival difficult for SMEs. It’s not that things are much different for the bigger players but if industry insiders are to be believed,large garment factories are faring comparatively better when it comes to getting orders owing to their better coping mechanisms ...
Views: 391 - ‘Achievements’ of apparel manufacturers in 2020: high hopes for 2021 - by Submitted on Jan 12, 2021 from Mayank MohindraDespite being full of negative experiences, for Indian apparel manufacturers, 2020 had few positive aspects also and that too in various directions – be it large scale manufacturing of Personal Protective Equipment (PPEs); thrust on medical textiles; adoption of quick as well as short-term but ...
Views: 361 - ‘Mangineer’ concept keeps Esquel Group ‘lean’ and ‘agile’ - by Submitted on Jan 04, 2021 from Mayank MohindraYear 2020 has seen severe impact on apparel business world over due to COVID-19 pandemic which has reduced consumers’ demand and shuddered the profitability of both retailers and manufacturers. However, resilience is something that could be seen in some progressive apparel and textile ...
Views: 390 - Biking Apparel Industry Rallying Up With Rise In Biker Communities Across The Country - by Submitted on Dec 28, 2020 from Mayank MohindraMotorcycles today have become more than just a mode of transport. For few, it’s an aspiration, a joy, for others, a sense of liberation, freedom or a part of their personality and style, and many more things. It has become a culture and while this is widespread in the Western countries, it is ...
Views: 343 - “All that which was missing, is now complete…” Vibemac forays into ‘Basic’ and ‘Silver’ lines of sewing machines - by Submitted on Dec 03, 2020 from Mayank MohindraVibemac is one such company which has developed specialised sewing automats for 5 pocket denim jeans production and has imparted the understanding of the same to the industry impressively in last 40 years of its business. However, it is also a fact that, to do turnkey projects, it had to depend ...
Views: 518 - “There are ‘Winners’ in these tough times,” says Duerkopp Adler as it launches a range of machines in 2020 - by Submitted on Nov 25, 2020 from Mayank MohindraThe apparel and textile industry has seen a clear downward trend all over the world, majorly caused by a massive shrink in buying capacities of consumers due to the COVID-19 pandemic. This shrinkage in buying capacity of final products on retail shelves has caused a disruptive turbulence along ...
Views: 652 - US apparel import in Jan.-Sep. ’20 remains sluggish; China still the biggest loser with 45% fall, cheers to Bangladesh - by Submitted on Nov 18, 2020 from Mayank MohindraQ3 ’20 (July-September) data of US apparel imports shows that the market is still sluggish in the country and the shipping partners of USA are just surviving in this tough time while revival doesn’t seem to be on the cards – at least not in the subsequent quarter! According to an analysis done ...
Views: 569 - Even if Bangladesh fails to make immediate and any major breakthrough in apparel exports to China following the latter offering duty-free access to 97 per cent of Bangladeshi products, bringing in more investment from China looks very much on the cards - by Submitted on Nov 07, 2020 from Mayank MohindraAs per an analysis, apparel exporters from Bangladesh could not gain much as more than one-third of Bangladesh’s total apparel exports to China were found to be still out of the duty-free benefit coverage. However, the lucrative route to bring in more investments from China remains a suitable ...
Views: 471 - How financial irregularities have been shaming the Indian textile and apparel industry… - by Submitted on Oct 31, 2020 from Mayank MohindraThe major chunk of Indian textile and apparel industry follows all kinds of compliance norms and works ethically. However, from time to time, some cases keep making headlines, shaming the industry. Just a few days back, The Directorate of Revenue Intelligence (DRI) arrested a person – Zahid Ali, ...
Views: 529 - Is the world ending dependence on China for apparel and textile trade? China’s statistics say NO, contrary to speculations! - by Submitted on Oct 19, 2020 from Mayank Mohindra2020 has been a tough year for global apparel trade as well as fashion retail industry. The pandemic has created an uncertainty in the market and has restricted consumer spending which is making a huge dent on the revenues of fashion retailers, severely hurting the entire fashion supply chain. ...
Views: 521 - Top menswear trends for Spring/Summer 2021 amidst COVID-19 - by Submitted on Oct 16, 2020 from Mayank MohindraWhilst some fairs and shows got postponed to a later date, or adopted a digital outreach, the international menswear showcases for the upcoming season of Spring/Summer 2021 took place. Apart from delivering a memento on the trends of the future and an insight into consumer psyche, the shows ...
Views: 507 - Samatvam by Anjali Bhaskar: Modernising the age-old affair between craftsmanship and contemporary sensibilities - by Submitted on Oct 12, 2020 from Mayank MohindraDepicting a perfect blend of age-old craftsmanship and modern sensibilities, Indian home-grown label Samatvam by Anjali Bhaskar brings to the market an array of structured styles imbibing immaculate silhouettes and time-honoured Indian craft techniques. It is a brand that capitalises on the ...
Views: 517 - Riding the cold wave: Outerwear industry’s day in the sun - by Submitted on Oct 08, 2020 from Mayank MohindraWinter wasn’t considered a very fashion forward season until the dawn of modish outerwear. With each year getting colder than the previous (a fact that has been corroborated by scientists), shoppers are moving beyond the North Face jackets and home-made pullovers to embrace the cold with their ...
Views: 392 - Atmanirbhar Bharat: Wonder boy from NIFT challenges Chinese supremacy in mask machine manufacturing - by Submitted on Oct 06, 2020 from Mayank MohindraWhen COVID-19 opened unchartered opportunities for Indian industry to jump into mask and body coverall manufacturing, industries complained about lack of machinery availability in India and even attempted to compromise on the product specification, but very few dared to take up steps to fill ...
Views: 641 - To what extent is working remotely an option in the apparel and fashion industry? - by Submitted on Oct 03, 2020 from Mayank MohindraIs working remotely in the fashion industry just a temporary measure or will remain for long? Aida Tagarro, an industry professional from Spain, expresses her views… “Moving working places from office to home needs a great degree of adaptation too. Home will be a working place to often share ...
Views: 393 - Yogawear segment gets its own ‘movement space’ during stay-at-home days - by Submitted on Oct 01, 2020 from Mayank MohindraCOVID-19 has been having its way since the beginning of its time and among many impacts it had and is having on the economy, on businesses, another noticeable one has been people—both men and women staying at home going through stress, anxiety, and depression. In order to combat this and to keep ...
Views: 426(1 vote) - Malai: From waste coconuts to successful vegan alternates for leather - by Submitted on Sep 29, 2020 from Mayank MohindraCoconut has been a source of income for many South Indian farmers and dealers, and similarly, is a consumers’ favourite to beat the heat during the worst of summer days. However, many coconuts go waste after each season, owing to either excess of stock or simply because of going stale due to the ...
Views: 387 - Industry disagrees with AEPC’s target of 40% growth in apparel exports - by Submitted on Sep 23, 2020 from Mayank MohindraApparel Export Promotion Council (AEPC) recently created a flurry of disbelief with its announcement that the apparel exports from the country will expand by about 40 per cent this fiscal. In an official statement, the Council declared, “AEPC is working with a target to achieve a 40 per cent ...
Views: 369 - Muze: Disrupting the menswear market with quirky yet minimal designs - by Submitted on Sep 21, 2020 from Mayank MohindraMinus a formal education in design, but with a heart full of passion and a mind bursting with creativity, Zayan Rivaan Bari set to realise his childhood dream of establishing Muze in March of 2017. After a degree in business from Dhaka and an MBA from New York, Zayan returned to Bangladesh to ...
Views: 388 - Bangladesh will be renowned for retail in near future: Director of Evince Retail Limited - by Submitted on Sep 16, 2020 from Mayank MohindraAn ancillary/sister concern of Evince Group, one of the leading and most diversified independent manufacturing conglomerates in the apparel and textile sector in Bangladesh, Evince Retail Limited is credited with introducing two new brands in the country – Miniso Bangladesh and Noir. Apparel ...
Views: 362 - SMEs in Bangladesh: In for some good time? - by Submitted on Sep 10, 2020 from Mayank MohindraLately, the Bangladesh Government has decided to extend policy support to garment exporting factories falling under the SME category to improve their competitiveness during this time of the pandemic. Sometime back, the central bank of Bangladesh, the Bangladesh Bank (BB) issued a notice ...
Views: 460 - Tech-enabled resilience and future retail - by Submitted on Sep 08, 2020 from Mayank MohindraSince the apparel industry is witnessing some major transformations like change in consumer buying behaviour, adoption of online shopping, increase in influencer marketing, etc., the tech solutions also have to be modified to meet the current needs of the industry. Below are few tech ...
Views: 358 - Top Trends in Fashion Tech by Apparel Resources - by Submitted on Aug 25, 2020 from Mayank MohindraThe pandemic has taught us many lessons and one of the most important is that the industry, especially the retail industry needs to invest more in technologies to survive in the future. Over the past 6 months, the digital readiness of the industry has increased to allow the businesses to ...
Views: 387(1 vote) - Rafee Mahmood on how Mahmud Group is handling challenges amid COVID-19 - by Submitted on Aug 22, 2020 from Mayank MohindraEstablished in 2006, Mahmud Group is one of the most respected names in Bangladesh RMG industry. Fully vertical, from spinning to finished garments, the Group has a number of well-established entities under its umbrella. Apparel Resources caught up with Rafee Mahmood, the young and dynamic ...
Views: 474 - Fashion industry’s reset plan to cater to changing consumer demands during COVID-19 - by Submitted on Aug 21, 2020 from Mayank MohindraWith ‘work from home’ gaining worldwide popularity, office dressing has transitioned into more casual styles hailing a new category of ‘homewear’/loungewear. The rise of zoom meetings has resulted in tops outperforming bottoms categories Y-o-Y on a global scale. The closure of gyms and parks ...
Views: 374 - Sustainability education for T&C industry: An overview of requirements and availability - by Submitted on Aug 20, 2020 from Mayank MohindraSustainability, in the Indian textile and apparel industry, is one of the most discussed subjects, but at the same time, it is surrounded by several questions and confusions too. Even today, the majority of owners in the industry are not very well familiar with the concept of sustainability. ...
Views: 424 - Bangladesh’s rebound in export earnings in July: An indication of export revival? - by Submitted on Aug 12, 2020 from Mayank MohindraAfter month-long, protracted export reversals, Bangladesh’s export earnings made a rebound this July with around 0.59 per year-on-year growth. As per figures provided by the country’s Export Promotion Bureau (EPB), in July 2019, Bangladesh’s export earnings were US $ 3.88 billion which in this ...
Views: 461 - Keeping the hopes high amidst COVID-19: Yash Dongre - by Submitted on Aug 10, 2020 from Mayank MohindraClosely following the norms of the ongoing lockdown and WHO rules, House of Anita Dongre also announced the production of cloth masks for distribution to contribute further in the fight against COVID-19. After receiving adequate permissions from Government authorities, production of these masks ...
Views: 470 - Calling out fashion industry’s toxic work culture - by Submitted on Aug 07, 2020 from Mayank MohindraWorking in fashion industry may not be as glamorous as it looks. Sure, we’ve all been enticed by the idea of free clothing and makeup, courtesy ‘The Devil Wears Prada’, but if you take a closer look, the movie very well lays out the toxicity of working for a fashion magazine or brand. We’ve all ...
Views: 485 - Bangladesh mills do good business as fabric & yarn import from India takes a hit due to coronavirus - by Submitted on Aug 04, 2020 from Mayank MohindraThe COVID-19 pandemic may have proved disastrous to most businesses including the readymade garment sector of Bangladesh, but it has apparently opened windows of opportunity for the locally produced yarn and fabrics, which – after initial loss suffered due to countrywide shutdown and consequent ...
Views: 490 - US imports down 60% in May '20 in the WORST ever trade year; Asian countries feel the brunt! - by Submitted on Jul 31, 2020 from Mayank MohindraThe year 2020 hasn’t been good for the world trade of apparels, and the hardest hit is obviously taken by the largest importer – the USA. The country was significantly down in its imports by 12.07 per cent on Y-o-Y basis to import US $ 17.85 billion worth of apparels in the first quarter of the ...
Views: 531 - Even as orders start coming in, retrenchment of workers continues! - by Submitted on Jul 29, 2020 from Mayank MohindraEven though the Government warned as early as mid-April that factories would not receive facilities from the financial package of Taka 5,000 crore that the Government announced in the last week of March mostly for the payment of workers’ wages if they go for layoffs, many factories have ...
Views: 466 - Retailers pin hopes on Eid-ul-Azha now - by Submitted on Jul 24, 2020 from Mayank MohindraRetailers in Bangladesh are surely in for some tough time. Unlike other years, Pohela Boishakh (Bengali New Year) and Eid-ul-Fitr have failed to yield much business, thanks to COVID-19! It’s been around more than 2 months now that shops have opened and retailers are hoping that the ...
Views: 470 - The big question of work orders – What’s the latest? - by Submitted on Jul 22, 2020 from Mayank MohindraCatastrophe is one word that best describes the impact of COVID-19 on Bangladesh’s RMG sector. As people in the western world – Europe and the USA – started isolating and retail stores downed shutters amidst countrywide lockdowns, manufacturers in Bangladesh were spending sleepless nights ...
Views: 525 - How garment exporters are bringing in business during this lean period - by Submitted on Jul 17, 2020 from Mayank MohindraNow it is almost clear that Indian apparel exporters will have at least 25 to 30 per cent fewer orders in the rest of the months of 2020. So, their marketing efforts need to enhance which require more investments. But at the same time, owing to a huge pressure on business, it is not possible or ...
Views: 501 - Vardhman’s Travel Shield fabrics and what it means for textiles in India - by Submitted on Jul 10, 2020 from Mayank MohindraWhile a solution or a vaccine for coronavirus is still in the works, companies have started innovating ever so aggressively to provide a hint of safety to consumers while we wait to tide over COVID-19. India’s leading textile group Vardhman is leading the charge in innovative textiles with ...
Views: 472 - A new financial year starts for Bangladesh amidst coronavirus-induced uncertainties - by Submitted on Jul 07, 2020 from Mayank MohindraBangladesh has started a new financial year (FY21) from July, which at best can be termed as ‘plagued with uncertainties’. COVID-19 that has had a devastating impact across the globe has not spared Bangladesh either, especially its garment manufacturing and export sector, which is the lifeline ...
Views: 523 - DLF Shopping Malls register decent footfall after first week of Unlock 1.0, hope to catch on with the new normal - by Submitted on Jul 03, 2020 from Mayank MohindraWith every passing day, even as the number of cases is on the rise, citizens are gradually opening up to the new ways of life and are getting to their routines with precautions. Shopping centres, meanwhile, have reported a sizeable footfall. One of the largest chains of premium shopping malls ...
Views: 542 - Anti-viral fabrics in garments: Marketing gimmick or reality? - by Submitted on Jul 02, 2020 from Mayank MohindraIn a major development in the area of anti-viral fabric, Arvind Ltd., a leading textile-to-retail conglomerate in India, has recently collaborated with Swiss Textile Innovator HeiQ to introduce HeiQ Viroblock technology in the country. Arvind will now be able to offer shirting and suiting ...
Views: 397 - Despite import decline, apparel exporters still see hope in Canada - by Submitted on Jun 26, 2020 from Mayank MohindraCanada is one of the traditional markets for Bangladesh where the trade balance is heavily tilted towards the latter with products worth CAN $ 726 million going to Canada in 2019, as per the Canada Bangladesh Chamber of Commerce and Industry in Bangladesh (CanCham). As per CanCham, ...
Views: 398 - Indian export-imports stepping up the bars - by Submitted on Sep 17, 2019 from Mayank MohindraThe textile and clothing exports from India continue to swell up; however, the cotton yarn and fabric export submerge creating a harsh situation for the cotton-growing farmers. India has a glorious history of fine craftsmanship in apparels and textiles. The country is the second largest ...
Views: 683 - The Theory of Relativity of Fashion and Climate Adversaries - by Submitted on Sep 02, 2019 from Mayank MohindraThe fashion industry contributes around 5 per cent to the emission of greenhouse gases. To reduce its contribution in causing harm to the environment, some preventive measures have to be taken in this regard for sustainable future. As the world is on the brink of facing dangerous climatic ...
Views: 518 - Creased or wrinkled growth for the apparel industry? - by Submitted on Jul 29, 2019 from Mayank MohindraTextile industry of India is age-old and forms an important part of the economy. Talking specifically about the apparel industry, it holds 56 per cent share in India’s export basket. The garment and textile industry plays a significant role in enhancing the social and economic conditions of ...
Views: 499 - From shacks to runways in terms of trims and accessories - by Submitted on Jul 18, 2019 from Mayank MohindraTrims and accessories are fine tuning the garment story. With the increase in creativity and the designing abilities, the garment trims and accessories industry has a great potential since they add up to the overall outlook. Gone are the days when clothing was considered just a basic ...
Views: 549(1 vote) - Ready-Made Garments’ Export Trending Upward - by Submitted on Jul 16, 2019 from Mayank MohindraIndia has the ample production of raw materials such as cotton, silk, jute, etc. along with manufacturing mills as an added advantage. The country is among the largest exporters of the ready-made garments in markets like the US and the UAE. The total exports of textiles and apparels are expected ...
Views: 605(1 vote) - A fascinating tale of retail - by Submitted on Jul 11, 2019 from Mayank MohindraEmerging out from the concept of the kirana stores, the retail stores of India have formed an important part in the Indian economy and the retail sector accounts for 10 per cent of the GDP and about 8 per cent of the employment. Being amongst the fastest growing industries of India, retail ...
Views: 578(1 vote) - Rising Demand for Handcrafted Textiles – A Major Push to Employment - by Submitted on Jun 13, 2019 from Mayank MohindraIndia has always been an eminent producer of handmade textiles that have global recognition for their exquisite nature. Handloom production is an important aspect of the textile industry since it constitutes around 15 per cent of the cloth production in India as per the statistics provided by ...
Views: 624 - Why Are Retailers Moving Towards Private Label Space? - by Submitted on May 17, 2019 from Mayank MohindraThe Indian Retail market is making an astonishing progress. In 2017, it was around Rs 46,15,000 crore and it is expected to grow at a CAGR of 9 percent to reach Rs 1,08,58,000 crore by 2027. Presently, the share of apparels in total retail sector stands around 8 per cent. With the implementation ...
Views: 631(1 vote) - Modest Wear Entering The Mainstream Fashion - by Submitted on Sep 08, 2018 from Mayank MohindraThe fashion industry has undergone a major transformation in the last few years. Earlier, designers and famous fashion houses used to gain name and fame through designs that had revealing cuts and displaying torsos. However, today, the 'modest attire' which was once scarcely considered as ...
Views: 634(1 vote) - Innovations In Sports Clothing - by Submitted on Sep 05, 2018 from Mayank MohindraWith every global game event such as Olympics, Commonwealth, FIFA etc. passing by, we realize that athletes are getting stronger and are breaking previous records to make new ones. Well, we can never deny their hard work and regular practice sessions for these achievements but technological ...
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