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Piyush Goyal to visit Brussels to advance India-EU FTA talks

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Piyush Goyal to visit Brussels to advance India-EU FTA talks



India’s Minister of Commerce and Industry Piyush Goyal will visit Brussels from January 8 for a two-day official engagement, highlighting the growing intensity of India-European Union (EU) diplomatic and technical exchanges and signalling a decisive push to conclude the long-pending India-EU Free Trade Agreement (FTA). The visit is expected to include high-level meetings with European Commission leaders to take stock of progress and resolve outstanding issues in the negotiations.

The talks come at a pivotal moment in India-EU economic relations. After remaining stalled for over nine years, FTA negotiations were re-launched in June 2022, marking renewed political will on both sides to deepen economic integration. Since then, 14 rounds of negotiations and several ministerial-level dialogues—most recently in December 2025—have been held, reflecting sustained efforts to finalise a comprehensive and mutually beneficial trade pact.

The European Union is currently India’s largest trading partner and a key investor, with bilateral trade in goods significantly bolstered in the 2024-25 fiscal. This agreement is envisioned not just as a trade deal, but as a comprehensive partnership that addresses modern economic realities.

India’s Commerce Minister Piyush Goyal will visit Brussels from January 8 to advance India-EU FTA talks, reflecting intensified engagement to conclude the long-pending agreement.
Re-launched in June 2022 after a nine-year pause, negotiations have seen 14 rounds and multiple ministerial dialogues.
Goyal will hold high-level talks with EU trade leaders to resolve key issues.

During the visit, Goyal will hold high-level dialogues with the European Union’s commissioner for trade and economic security, Maros Sefcovic. The primary objective of these interactions is to provide strategic guidance to the negotiating teams, resolve pending issues, and expedite the conclusion of a balanced and ambitious agreement, the Ministry of Commerce and Industry said in a press release.

The leaders are expected to carry out detailed deliberations across key areas of the proposed agreement, aiming to narrow divergences and ensure clarity on outstanding matters. The ministerial engagement follows a week of intensive deliberations in Brussels, building upon the groundwork laid during high-level discussions held earlier this week between India’s commerce secretary, Rajesh Agrawal, and the director-general for trade of the European Commission, Sabine Weyand.

A central pillar of India’s negotiation strategy, guided by the vision of Prime Minister Narendra Modi, is to secure an agreement that translates into tangible benefits for the common man. India is pushing for zero-duty access for its labour-intensive sectors—such as textiles, leather, apparel, gems and jewellery, and handicrafts.

Both India and the EU have expressed strong political resolve to deliver a comprehensive deal. The upcoming talks are expected to reaffirm the commitment of both sides to a rules-based trading framework and a modern economic partnership that safeguards the interests of farmers and MSMEs while integrating Indian industries into global supply chains.

Fibre2Fashion News Desk (RR)



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​Pandora eyes 6% organic growth in 2025 as weak US market mutes prior guidance

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​Pandora eyes 6% organic growth in 2025 as weak US market mutes prior guidance


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January 9, 2026

Pandora expects to deliver 6% organic growth in 2025, the Danish jewellery brand announced on Friday in its preliminary and unaudited results for 2025, falling below previous guidance of 7% to 8%.

Pandora is known for its charm bracelets – Cortesía

 
“We delivered 6% organic growth in 2025 despite softer than expected Q4 holiday trading, particularly in North America,” said Pandora’s CEO Berta de Pablos-Barbier, the brand announced on its website on January 9. “While the year was marked by macro headwinds, it has also highlighted opportunities to sharpen execution and strengthen brand desirability.”
 
Pandora is eyeing a full-year operating profit of approximately 7.8 billion Danish crowns ($1.2 billion) along with an EBIT margin of around 24%, in line ‍with its previous guidance. The North American market reported 2% like for like growth in the fourth quarter of 2025 with trading in November and December below expectations due to weakened consumer sentiment causing muted in-store traffic. Although EMEA like for like growth came in at -1% and Italy lagged, Spain, Poland, and Portugal reported strong growth, according to the business.

“As new CEO, my focus will be to navigate the current market environment, reduce our commodity exposure and course-correct in select areas to accelerate profitable growth,” said de Pablos-Barbier. “Pandora continues to pursue significant untapped growth opportunities as a full jewellery brand. Our fundamentals are strong. We are building a bigger Pandora.”  
 
The business will announce its audited full-year 2025 results on February 5. Pandora plans to launch designs in new materials this calendar year, aiming to use high silver prices as fuel for innovation, according to de Pablos-Barbier.

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India’s Arvind Fashions buys Flipkart stake in Flying Machine unit

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India’s Arvind Fashions buys Flipkart stake in Flying Machine unit



Arvind Fashions Limited (AFL), India’s leading casual wear and denim company, announced its decision to acquire Flipkart Group’s stake for Rs 135 crores (~$15.02 million), in Arvind Youth Brands Pvt. Ltd. (AYBPL), making it a wholly owned subsidiary.

Over the last five years Flying machine has re-established as a well-accepted brand on the digital channels. The partnership with the Flipkart group helped Flying Machine become one of the top casual wear brand on digital platforms, catering to the fashion-conscious youth of India.

Arvind Fashions Limited will acquire Flipkart Group’s stake in Arvind Youth Brands for ₹135 crore (~$15.02 million), making it a wholly owned subsidiary.
The partnership helped Flying Machine rebuild and grow as a leading youth casualwear brand on digital platforms.
The brand will remain available on Flipkart while expanding its presence across other online channels in India.

Amisha Jain, Managing Director & Chief Executive Officer of Arvind Fashions, said, “We are thankful to the Flipkart Group for their support in building Flying Machine into a brand of choice on digital channels. Our relationship with the Flipkart group will continue ensuring consumers can still shop Flying Machine on its platforms. The brand will also be available to consumers on other digital channels and portals.”

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)



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Recycling Europe Textiles calls for compulsory recycled content in textiles products in Europe from 2028

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Recycling Europe Textiles calls for compulsory recycled content in textiles products in Europe from 2028


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Portugal Textil

Translated by

Nicola Mira

Published



January 9, 2026

Recycling Europe Textiles (RET), the European association representing the textiles reuse and recycling sector, has urged the EU Commission to introduce ecodesign rules mandating the presence of at least 10% of recycled fibre content in textile products from 2028.

©Recycling Europe

RET believes that the forthcoming European regulation on ecodesign for textile products is a decisive opportunity to accelerate the industry’s transition to a truly circular model. In a position statement published on January 7, the organisation underlined that introducing mandatory recycled-content requirements is essential to strengthen the recycling industry and respond to the growing pressure on textile-waste collection and treatment systems in Europe.

According to RET, the sector currently faces a critical juncture, characterised by an excess of low-quality textile waste, weak demand for recycled fibres, and funding constraints. The situation is likely to worsen as the separate collection of used textiles became mandatory in Europe in January 2025, and given the growing consumption of apparel products driven by the ultra-fast-fashion phenomenon. Without clear market signals, RET warned, increasing volumes of used textiles risk being incinerated or sent to landfill, rather than reutilised to make new products.

To reverse this cycle, RET is advocating a strict, targeted definition of ‘recycled content’ that prioritises post-consumer textile waste generated in Europe, excludes open-loop sources such as PET bottles, and discourages the generation of industrial textile waste. The aim is to promote genuine fibre-to-fibre circularity and ensure that recycling efforts focus on the main textile-waste stream in the European market.

Targets-wise, RET is proposing the progressive introduction of mandatory recycled-content requirements for textile products, starting with a company-portfolio-level approach and moving to product-level targets from 2030. The proposals stipulate a minimum of 10% of recycled fibres by 2028, 15% by 2030, and 30% by 2035, with a growing share sourced from European post-consumer waste. These targets, according to RET, would send clear predictive signals to the market, creating steady demand for recycled fibres and unlocking investment in new sorting and recycling technologies.

Another mainstay of RET’s position is the need for robust and credible verification systems. The association supports a hybrid model combining chain-of-custody systems, mass-balance methodologies and greater traceability, especially at the collection and sorting stages. In this context, the EU’s Digital Product Passport is regarded as a key tool for strengthening transparency, as it requires clear information on the amount, type and origin of the recycled content incorporated into textile products.

“Mandatory recycled-content targets are among the most effective policy instruments for transforming the European textile industry. By promoting genuine fibre-to-fibre circularity, the European Union can reduce resource extraction, boost innovation and recycling capacity, and support a resilient and competitive European textile recycling sector,” concluded RET.

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