Export

European Union Global Garment Imports Slip 16.22% In 2022

Textile Insights February 20, 2024

Global imports of clothing by the countries of the European Union dropped 16.22 percent to €83.19 billion in 2023, compared to €99.29 billion in 2022. All major apparel exporting countries to the EU faced negative growth, due to the slowdown in consumer demand, mainly due to high inflation as a

Export

Bangladesh Apparel Exports Script History In January 2024

Textile Insights February 20, 2024

Bangladesh apparel exports scripted history by recording the highest ever exports in a single month in January 2024. Garment overseas shipments totaled US $ 4.97 billion, pretty close to $5 billion mark and reported an increase of 12.45 percent over January 2023. Of overall exports of clothing in January, knitwear exports grew by 17.32 percent […]

Policies

Several Initiatives In TN Budget To Promote Textile Industry

Textile Insights February 20, 2024

Tamil Nadu Finance Minister Thangam Thennarasu has announced several initiatives for development of the textile and apparel industry in the state in the Tamil Nadu budget. These include development of the PM MITRA Park in Virudhunagar, Textile Park in Salem, higher capital subsidy for technical textile investments and support for technology upgradation for spinning mills.

Sustainability

Circular Technology To Help Reduce Textile Effluent Pollution

Textile Insights February 20, 2024

The University of Coimbra (UC) in Portugal in partnership with the Indian Institute of Technology in Madras (IIT Madras) is developing a circular technology that could reduce textile industry pollution. The team is developing a technology that makes it possible to recover and reuse the water, dyes and additives that make up the contaminated effluent […]

Machinery

Italian Textile Machinery Order Index Stable In Q4 Of 2023

Textile Insights February 20, 2024

In the fourth quarter of 2023, the Italian textile machinery orders index remained stable compared to data recorded for the same period in 2022 and stood at 82.4 points. “This is the result of an upswing in orders from foreign markets, counterbalanced by declining orders on the domestic front,” the Association of Italian Textile Machinery […]

Apparel, Fashion, Retail

CMAI Anticipates Rs 5,000-7,000 Crore Loss To Apparel Sector

Textile Insights February 20, 2024

Indian MSME apparel manufacturers may face a loss of Rs 5,000-7,000 crore in the January-March quarter according to the Clothing Manufacturers Association of India (CMAI). CMAI said an amendment in the Income Tax Act states that payments to MSMEs need to be made within 45 days. CMAI claimed that this has pushed retailers to cancel […]

Cotton

High Price Bids For CCI Cotton Irks South Indian Textile Mills

Textile Insights February 19, 2024

The President of the AP Textile Mills Association Koti Rao has alleged that the price of cotton sold by the Cotton Corporation of India (CCI) went up to Rs 62,000 a candy of 356 kg each. “A few people have hiked the prices when they bid for cotton sold by the CCI. But the viable […]

Apparel, Fashion, Retail

ABFRL To Launch Its Artisanal Lifestyle Brand Jaypore In US

Textile Insights February 19, 2024

Aditya Birla Fashion and Retail Ltd. (ABFRL) will partner Ingenuity, an ecommerce solution provider to launch Jaypore, an ABRFL brand in the US market. This collaboration is geared towards enabling the Aditya Birla Group company to expand its direct-to-consumer (DTC) presence on a global level. Jaypore is an artisanal lifestyle brand that offers curated collections […]

Export

Kuwait Based NRI To Import Uzbek Traditional Dresses For Women

Textile Insights February 19, 2024

A Kuwait based non-resident Indian (NRI), Anupam Jain has expressed interest in importing Uzbekistan traditional dresses for women Towards this end, a meeting was held between Uzbekistan embassy officials in Kuwait and Anupam Jain who owns Gulf Mysore General Trading Company. “Anupam Jain, who moved from India to Kuwait, has opened several Indian heritage stores […]

Policies

Karnataka To Formulate New Textile Policy 2024-29

Textile Insights February 19, 2024

In his budget speech, Karnataka CM Siddaramaiah said government will formulate a new textile policy 2024-2029 for the development of the textile sector as the earlier textile policy 2019-2024 ends this year. “This policy will also promote greater investment and employment opportunities. We expect a capital investment of Rs 10,000 crore, which will generate 200,000 […]