Fashion
India targets global textile hub status at Ministers’ Conference 2026
The two-day conference aims to provide a platform for deliberations on policy, investment, sustainability, exports, infrastructure development, and technological advancement in the textile sector. It aligns with the government’s vision of positioning India as a global textile manufacturing hub by 2030, with a focus on boosting exports, employment generation, and inclusive growth, in line with the ethos of ‘Vikas Bhi, Virasat Bhi’.
The National Textiles Ministers’ Conference 2026 will be held in Guwahati from January 8, focusing on policy, investment, sustainability, exports, and innovation to position India as a global textile hub by 2030.
Organised by the Ministry of Textiles, it will also spotlight North-East textiles, handlooms, silk, women-led enterprises, and flagship initiatives like PM MITRA Parks.
The inaugural session on January 8 will be attended by the Union Minister of Textiles Giriraj Singh, Chief Minister of Assam, Dr Himanta Biswa Sarma, Minister of State for Textiles, Pabitra Margherita along with other dignitaries. The inaugural session will also feature the opening of an exhibition and pavilion, showcasing India’s textile strength, innovation, and rich heritage.
The conference will feature sessions covering key areas such as infrastructure and investment, expanding India’s textile exports, raw materials and fibres, technical textiles and new-age fibres, and preserving and promoting handlooms and handicrafts. Special focus will be placed on flagship initiatives such as the PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks, sustainability and environmental compliance, technical textiles, innovation, and integrated value-chain development, the Ministry of Textiles said in a press release.
A conclave on ‘Strengthening and Empowering the Textiles Sector of the North-Eastern Region of India’ will also be held on January 8, in which textile ministers from North-Eastern states, members of Parliament, and senior officials from the centre and states will participate. The conclave will focus on unlocking the potential of the North-East’s silk, handloom, handicrafts, and bamboo-based textiles, with special emphasis on Eri, Muga and Mulberry silk, women-led enterprises, branding, and market access. The National Textiles Ministers’ Conference is expected to strengthen centre–state collaboration and chart a clear roadmap for a competitive, sustainable, and inclusive textile sector.
Fibre2Fashion News Desk (RR)
By
Reuters
Published
January 9, 2026
Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News reported on Friday, citing people familiar with the matter.
The owner of New York’s century-old Fifth Avenue flagship store is preparing to file for bankruptcy without a restructuring deal in place, though it aims to craft one in the coming weeks, according to the report.
The company is also in advanced discussions on about $1.25 billion debtor-in-possession financing package with creditors, which would allow it to keep its business running during bankruptcy and pay vendor dues, the report added.
Saks Global did not immediately respond to a Reuters request for comment.
© Thomson Reuters 2026 All rights reserved.
Published
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%.
“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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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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