Fashion
CITI welcomes FY26 economic survey, seeks targeted support for T&A
The Confederation of Indian Textile Industry (CITI) has welcomed the Economic Survey for the financial year 2026 (FY26) and the roadmap it outlines to sustain India’s growth momentum amid continuing global headwinds. CITI looks forward to the upcoming Union Budget translating the Survey’s vision into concrete support for the textile and apparel sector.
CITI has welcomed the FY26 Economic Survey, saying its focus on reforms, MSME growth, skills, innovation and exports aligns well with the needs of the textile and apparel sector.
It expects the Union Budget to convert this vision into concrete support, boost competitiveness, aid MSMEs, counter US tariffs, create jobs and help achieve India’s $350-billion textile industry target by 2030.
While raising its growth forecast for India, the Economic Survey said that “sustained reforms across five pillars – Ease of Doing Business, R&D and innovation, Skilling, Infrastructure & Logistics, and Scaling up of MSMEs – will remain critical in positioning industry as a key engine of future growth.”
“The Economic Survey for the FY26 clearly shows the path that will achieve the twin objectives of a Viksit Bharat (developed India) and improve the quality of life of the Indian people, who make up almost 18 per cent of the global population,” CITI chairman Ashwin Chandra said commenting on the Economic Survey.
“The Survey’s observations on global trade dynamics, the need for increasing manufacturing and export competitiveness, easier credit access for MSMEs, skill development, and innovation, especially, hold great relevance for the textile and apparel sector as the industry seeks to futureproof itself,” Chandran added.
The CITI Chairman said a growth-oriented Union Budget, aligned with the Economic Survey’s recommendations, will strengthen India’s position as a globally competitive and sustainable hub for textiles and apparel, which, in turn, could provide a fillip to inclusive growth and create more jobs. India has set itself a target to create a $350 billion textile and apparel industry by 2030, including achieving exports of $100 billion within that period.
“In the Budget context, the textile and apparel industry expects it to include specific measures that will enhance the global competitiveness and innovation capacity of the sector,” the CITI chairman pointed out. “We anticipate that the Budget will prioritise improved access to raw materials and introduce enhanced support systems, enabling MSMEs to secure affordable credit and advance their sustainability efforts,” he added.
The second-biggest generator of jobs and livelihoods, besides being a significant contributor to exports and the GDP, India’s textiles and apparel sector has been adversely affected by the 50 per cent US tariff on Indian goods, effective August 27, 2025.
The US is the single-largest market for India’s textile and apparel exports. At nearly $11 billion in the FY25, India’s textile and apparel exports to the US accounted for around 28 per cent of the country’s overall exports of these items.
Fibre2Fashion News Desk (HU)
Fashion
US brand NikeSKIMS unveils Spring ’26 head-to-toe women’s collection
Crafted to fit every curve, the new Spring line offers a fresh take on performance silhouettes with five apparel collections, the introduction of the NikeSKIMS Rift Satin and updated accessories.
NikeSKIMS will debut its Spring ’26 collection with a head-to-toe system of dress inspired by the modern ballerina.
The range spans five performance-led apparel material stories, updated accessories and the new NikeSKIMS Rift Satin footwear.
Fronted by Lisa and filmed in Paris, the campaign highlights grace, strength and engineered comfort for every body.
“This Spring ‘26 Collection celebrates the timeless poise and elegance of ballerinas but with a distinct modern twist,” says Kim Kardashian, Co-Founder and Chief Creative Officer, SKIMS. “We obsessed every detail — from the soft lines and feminine colors to the premium materials. Each piece is a statement of beauty and allows women to move with confidence and grace.”
The Spring line offers five material collections across Matte, Stretch Knit, Ribbed Seamless, Weightless Layers and Woven Nylon. The Matte collection includes smooth, sculpting pieces with Dri-FIT technology and two levels of compression. Stretch Knit offers styles that are soft to the touch and lightweight with a flattering drape. The Ribbed Seamless collection includes soft and stretchy ribbed styles with a vintage wash and moisture-wicking tech. Weightless Layers pieces are semi-sheer, ultra-lightweight and feature quick-dry tech. Woven Nylon offers relaxed third layers designed for softness, function and movement.
Also new this season is the NikeSKIMS Rift Satin, which brings the brand’s considered design ethos to footwear. The NikeSKIMS Rift Satin features the iconic tabi-toe design of the original Nike Rift, a sleek strap across the midfoot for quick entry and a secure fit, a soft satin upper material, a minimalist midsole and a textured logo outsole. The NikeSKIMS Rift Satin will be available in two colors, Silt Red and Black.
The NikeSKIMS Spring ’26 Collection comes to life through a campaign starring LISA of Blackpink. LISA is the ultimate multi-hyphenate: a rapper, singer, dancer, actress and style icon.
“When I’m performing, it’s all about looking great while still being able to move and dance,” says LISA. “The NikeSKIMS collection is so comfortable and light that I feel confident wearing it everywhere — from rehearsals to traveling or even relaxing at home. It’s easy to move in, looks amazing and fits perfectly into my everyday life.”
Directed by Sergio Reis, the campaign film celebrates the grace and strength of motion and form while spotlighting LISA’s artistry and passion for movement and dance. Filmed in Paris, the campaign also features professional ballerinas and dancers who helped bring the Spring ’26 Collection look book to life.
NikeSKIMS offers women a complete system of dress that is built on the strength of both brands. From footwear to foundational pieces and bold silhouettes, every product has been meticulously designed to sculpt and engineered to perform for every body.
“The NikeSKIMS Spring ’26 Collection is a true head-to-toe system of dress, designed to make women feel confident and feminine,” says Jamie Jeffries, VP, Global Apparel, Nike. “We’ve paid attention to every detail — from style and function to comfort — so every piece works together seamlessly. By combining Nike’s expertise in performance innovation with SKIMS’s inclusive fit and sculpting technologies, we’re delivering something truly unique for women everywhere.”
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)
Fashion
South Indian cotton yarn steady ahead of Union Budget
In the Mumbai market, cotton yarn prices did not see significant movement after last week’s rise. The market reported average demand for cotton yarn from the consumer industry. A Mumbai-based trader told Fibre*Fashion, “Cotton yarn demand is expected to improve in the coming weeks. Buyers want to wait for the outcome of the Union Budget, although there is little possibility of major changes for the textile industry. Cash flow is another cause for concern. Traders are diverting funds into precious metals and the stock market for quicker and more lucrative returns, which is slowing payment flows across the textile value chain.”
In Mumbai, ** carded yarn of warp and weft varieties were traded at ****;*,***–*,*** (~$**.**–**.**) and ****;*,***–*,*** per * kg (~$**.**–**.**) (excluding GST), respectively. Other prices include ** combed warp at ****;***–*** (~$*.**–*.**) per kg, ** carded weft at ****;*,***–*,*** (~$**.**–**.** per *.* kg, **/** carded warp at ****;***–*** (~$*.**–*.**) per kg, **/** carded warp at ****;***–*** (~$*.**–*.**) per kg and **/** combed warp at ****;***–*** (~$*.**–*.**) per kg, according to trade sources.
Fashion
US’ VF Corporation posts firm Q3 as revenue rises despite Dickies exit
VF Corporation has reported a solid Q3 FY26, with revenue up 1 per cent YoY and 4 per cent excluding Dickies.
Strong holiday demand in the Americas and DTC drove performance.
Operating income and margins improved, supported by lower SG&A.
The North Face and Timberland led brand growth.
The company also announced a $0.09 per share dividend and maintained a positive FY26 outlook.
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