The following is a round-up of apparel and footwear news from the world’s local media.

  • India’s government has fixed its textile and clothing export target at US$48.5bn for the current fiscal year, according to textile minister Santosh Kumar Gangwar. The government is aiming for an increase of more than 21% in outbound shipments compared to last year. Gangwar says the ministry has spent over R6,500 crore on various schemes for the promotion and development of the textile sector. A senior textile ministry official says the country’s overall textile and garment exports remained almost flat at $40bn over the last year with exports falling short of the official target of $45-$47.5bn for 2015-16. THE FINANCIAL EXPRESS

  • Fibre producer Invista has resolved an intellectual property arbitration against a Chinese company for misuse of its confidential and proprietary purified terephthalic acid technology. The company said the resolution was “encouraging” because it is about “protecting our customers’ investments and allowing them to maintain their competitive advantage”. The result continues to build on Invista’s track record of successful resolution of infringement cases in a number of jurisdictions and venues. CHEMICAL WEEK

  • Vietnam’s export revenue of leather and footwear products reached nearly US$5bn in the first five months of 2016, up 6% year-on-year, according to the Ministry of Industry and Trade (MoIT). In May alone, exports of leather and footwear products were valued at $1.15bn, a year-on-year decrease of 0.6%, Vietnam’s state-run news agency VNA quoted the MoIT as saying. In 2015, Vietnam earned $15bn from exporting leather, footwear items, posting an increase of 16% year-on-year, according to the Vietnam Leather and Footwear Association (Lefaso). Around $12bn was from footwear alone. XINHAUNET.COM 

  • American sportswear manufacturer New Balance has lost its trademark infringement appeal in a Chinese court, but has been ordered to pay a much lower level of compensation to the plaintiff. It awarded the businessman JPY5m (HK$5.8m), down from the original figure of JPY98m. SOUTH CHINA MORNING POST

just-style has not checked these stories so cannot guarantee their accuracy.

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