The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
In the planned city of Noida, a satellite city of Delhi and part of the National Capital Region once home to 1,500 garment export businesses following its designation as an apparel hub by the provincial government of Uttar Pradesh, the pandemic has wiped out as many as 250 garment businesses in the last year, according to Indian Industries Association (IIA) national secretary Rajiv Bansal, as quoted by India’s Economic Times newspaper.
One year after the outbreak of the pandemic saw international orders grind to a halt and a harsh lockdown in India drive many workers back to their hometowns, it has proven difficult for many local garment exporting businesses to stay afloat.
“The most affected ones were the manufacturers who had rented warehouses. Workers left and several orders were cancelled. It was a challenge to pay the establishment costs. Some people hung around for a while and then shut shop,” said Bansal, who is also himself a Noida-based garment manufacturer and exporter.
According to comments from the Noida branch of the IIA, they are hopeful that orders from Europe (a major destination for Noida garment exports) will begin returning by July.
This week’s round-up of global markets fashion business news also features Korean shopping app Ably, Kenya’s second-hand clothing trade and the EU’s bid to curb forced labour in Chinese cotton.
From Viviano Sue to Soshi Otsuki, a new generation of Tokyo-based designers are preparing to make their international breakthrough.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.