Fashion
UAE, India unveil road map to hit $200-bn in bilateral trade by 2032
Prime Minister Narendra Modi also invited UAE sovereign wealth funds to consider joining the second Infrastructure Fund, to be launched this year.
India and the UAE will more than double bilateral trade to over $200 billion by 2032.
This was part of a dozen outcomes at the end of the UAE President’s visit to New Delhi.
Key outcomes include a pact under which India’s HPCL will buy 0.5 MMPTA of LNG from UAE’s ADNOC Gas for a 10-year period starting 2028.
First Abu Dhabi Bank and DP World will set up offices and operations in Gujarat’s GIFT City.
Key outcomes of the visit include a long-term agreement under which Hindustan Petroleum Corporation Limited (HPCL) will purchase 0.5 million metric tonnes per annum (MMPTA) of liquefied natural gas from Abu Dhabi National Oil Company Gas (ADNOC Gas) for a 10-year period starting 2028.
A joint statement issued after the visit said UAE companies First Abu Dhabi Bank and DP World will set up offices and operations in Gujarat’s GIFT City. While the former will set up a branch to support trade and investment linkages, the latter will operate from GIFT City, including leasing ships for its global operations.
A letter of intent was signed between the Gujarat government and the UAE Ministry of Investment for developing the Dholera Special Investment Region in the state.
The partnership will include the development of strategic infrastructure like an international airport, a pilot training school, a maintenance, repair, and overhaul facility, a greenfield airport and a smart urban township, along with projects related to railway connectivity and energy infrastructure.
Fibre2Fashion (DS)
Fashion
UK clothing exports rise 2.7% to in Nov 2025
UK clothing exports rose 2.73 per cent year on year to £301 million (~$403.07 million) in November, supported by a month-on-month rebound.
However, textile fabric and fibre exports declined, reflecting weak European manufacturing demand and cautious buying.
Quarterly and annual data underline broader pressure on UK textile and apparel exports amid subdued consumer demand and post-Brexit frictions.
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Fashion
Italy’s OTB Group appoints Andrea Rigogliosi to lead Diesel
“Diesel is a magical brand, which I founded, and that has always represented a unique force in the fashion landscape. Glenn Martens’ creative direction has transformed it, rediscovering its most authentic DNA and making the brand fresher, more contemporary, and increasingly loved by younger generations. Today, Diesel can be considered the only alternative to the luxury world, embodying values such as inclusivity and accessibility—particularly significant in a complex moment for the entire fashion industry. Recently, I have closely followed the brand’s development with a team of managers, while we navigated a challenging market phase. I am delighted to welcome Andrea to Diesel, and, together with the team, I am sure that he will further enhance Diesel’s potential at a crucial stage in the brand’s evolution,” stated Renzo Rosso, founder of Diesel and Chairman of the OTB Group.
Diesel, part of the OTB Group, has named Andrea Rigogliosi as its new CEO, reporting to Group CEO Ubaldo Minelli.
Rigogliosi brings extensive international leadership experience from roles at Miu Miu (Prada Group), Fendi and Christian Dior Couture.
He is expected to strengthen Diesel’s global growth and commercial strategy under Glenn Martens’ creative direction.
Andrea Rigogliosi brings solid international leadership experience in the luxury, fashion, and retail sectors, having held high-level strategic and commercial roles across Europe. Before joining Diesel, he served as Global Head of Retail and Commercial at Miu Miu – Prada Group, leading global business growth and the expansion of the distribution network. Rigogliosi held key positions within the LVMH Group, including President Europe at Fendi, General Manager France & Monaco and General Manager Italy at Christian Dior Couture. Early in his career, he took on managerial roles at Poltrona Frau Group and L’Oréal Luxury Products.
He holds a degree in International Business Administration from Bocconi University in Milan.
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
Philippines announces ‘flexible financing’ for garment manufacturers
Trade and industry secretary Cristina A Roque said foreign buyers told her automation is no longer optional, but has turned a baseline requirement globally.
The Philippines will provide ‘flexible financing’ to domestic garment manufacturers for automation, machinery and production equipment to make them more competitive in the global market.
Incentives under the DTI’s Board of Investments will support mechanised and digital garment production, while the Philippine Economic Zone Authority will offer a comprehensive package for export-oriented garment firms.
“They expressed a clear preference for exporters with modern, automated production equipment, as short lead time is now the deciding factor, especially for fast-fashion brands,” Roque was cited as telling a recent meeting with garments manufacturers by a domestic media outlet.
Therefore, the department will work with institutions like the Land Bank of the Philippines and the Development Bank of the Philippines to provide flexible financing, she said.
Incentives under the DTI’s Board of Investments will support mechanised and digital garment production, while the Philippine Economic Zone Authority’s (PEZA) incentives will offer a comprehensive package of fiscal and non-fiscal support for export-oriented garment firms located within PEZA special economic zones, she said.
The department will also study proposals by the domestic garment industry aimed at enhancing overall cost competitiveness, including potential reductions in value-added tax rates to levels comparable to those of ASEAN peers and expanded fiscal support for existing firms and subsidiaries.
Fibre2Fashion (DS)
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