The cabinet in the east Indian state of Odisha recently approved six proposals, including the Mukhyamantri Bayan Shilpa Bikas Yojana (MBSBY) and Mukhyamantri Resham Bikas Yojana (MRBY).

Under MBSBY, the government will allocate ₹4.9 billion (~$54.35 million) over five years for attracting investments, empowering local industries and expanding employment opportunities in the textile and handloom sector, State Parliamentary Affairs Minister Mukesh Mahaling told the assembly.

India’s Odisha state cabinet has approved two schemes for the silk and handloom sectors.
The state will allocate $54.35 million over five years for attracting investments, empowering local industries and expanding textile-handloom jobs.
Under the scheme for silk, $30.4 million will be spent over five years for strengthening sericulture through improved infrastructure and skill-building initiatives.

Aligned with the Odisha Apparel and Technical Textile Policy 2022 and the Industrial Policy Resolution 2015, it will provide incentives to new textile manufacturing units, he was cited as saying by media reports from the state.

Under the silk development scheme MRBY, ₹2.74 billion (~$30.4 million) will be spent over the next five years for strengthening the state’s sericulture industry through improved infrastructure and skill-building initiatives.

Ethical silk production will be backed by focusing on silkworm seed preparation, species conservation and farmer incentives. Cooperative societies will facilitate better marketing of silk products, protecting farmers from distress sale and ensuring sustainable growth, he said.

Fibre2Fashion News Desk (DS)

The unique design DNA of the PUMA Speedcat is reimagined for a new pack of re-tooled silhouettes, elevated with premium execution. Featuring three distinct models — the Speedcat Wedge, Speedcat Ballet, and Speedcat OG — this latest evolution brings a fresh take on iconic design.

Every performance begins with a blank stage. The PUMA Speedcat’s latest moment explores the magic of creative expression.

PUMA reimagines its Speedcat design with a new campaign and refreshed silhouettes: the Speedcat Wedge, Speedcat Ballet, and Speedcat OG.
Showcased by creative trailblazers Lea Waldberg, Madeline Woo, and Renata Kats, the collection blends heritage with expressive movement.
Updated styles feature brown suede and metallic grey accents, marking a bold new chapter for the iconic silhouette.

PUMA’s new campaign frames the Speedcat as the lead actor; an icon reborn on a stage where the ending is unwritten, and everything is possible. Here, three protagonists bring the story to life. A stylist, a ballet dancer, and a photographer each move and perform with a freedom that mirrors the Speedcat’s sleek and unmistakable design. Each known for defying the norm in their industry, Lea Waldberg, Madeline Woo, and Renata Kats show how the Speedcat emboldens their sense of personal expression, taking inspiration from the blank space surrounding them and transforming it into a unique visual statement.

What begins as a neutral space evolves with each step, each gesture, each spin is proof that creativity doesn’t need boundaries, only starting points. The Speedcat exists at this intersection: grounded in heritage, yet fluid enough to adapt to any style, any movement, any stage. It is not just worn, but personified, unlocking the blank slate of creativity in those who step into it.

With this campaign, PUMA also turns the page to a new chapter: the reintroduction of the Speedcat Wedge, pulled from PUMA’s archive, with a concealed heel that elevates the icon with new proportions. The collection also includes the new Speedcat Ballet, evoking the chic feel of ballet flats, with an updated strap closure. Lastly, the Speedcat OG is shaped after the original, archival 1999 Speedcat. The trio is brought together with a brown suede makeup, with contrasting metallic grey hits. The collection also includes a new Speedcat Premium and Speedcat Ballet, all subtly rendered in soft brown suede with silver metallic accents.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)

Britain’s financial regulator on Monday unveiled a package of reforms aimed at encouraging retail investors to buy ⁠more shares and bonds, setting out one ⁠of its clearest statements yet on the UK’s ‍post-Brexit ‌direction for investment regulation.

The Financial ⁠Conduct Authority (FCA) ‌published three papers ‌outlining changes to investment disclosure requirements, updating the categorisation of professional investors and ‍a broader rethink of risk in the investment ‌landscape.
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The ⁠measures ​are designed to ⁠make ​investing in stocks and shares more attractive and ​accessible to individuals, while reinforcing protections where ⁠needed, the ⁠regulator said.