Export

Sri Lankan Exports Of Apparel Drop 18.81% In 2023

Textile Insights February 14, 2024

Sri Lankan exports of apparel in 2023 amounted to US $4,535 million, dropping by 18.81 percent compared to $5,591 million in 2022 Of this exports of knitted garment totaled $2,705 million in the previous year, down 20.13 percent as against $3,387 million in 2022 Woven clothing overseas

Industry

Ethiopia Gets $28mn From UNIDO To Promote Textile Sector

Textile Insights February 14, 2024

Ethiopia signed a US $28 million agreement with the United Nations Industrial Development Organization (UNIDO) to promote growth of the Ethiopian textile and apparel industry. The project will be financed in collaboration with the Global Environmental Facility (GEF) of which UNIDO’s share of the program is $3 million. Over the next five years, the Ethiopian […]

Industry

Global Trade Associations Urge Unity To Keep Red Sea Open

Textile Insights February 14, 2024

100 various industry trade associations from across the globe including the American Apparel & Footwear Association (AAFA) and the International Apparel Federation (IAF) called for a wider cooperation to keep shipping lanes open and safe. The signatories, representing a range of critical industries like food and agricultural products, retail, energy, clothing, shoes,

Fibre

Lenzing Promotes Tencel For Intimate Wear At Intimasia Fair

Textile Insights February 14, 2024

Lenzing’s leading textile brand for lyocell and modal fibres, Tencel exhibited at the 6th edition of Tencel x Intimasia exhibition, marking a significant advancement in India’s intimate wear industry. According to a Lenzing press release, the demand for Tencel as well as Lenzing Ecovero viscose fibres has been increasing rapidly in the Indian intimate wear […]

Technical Textile & Nonwoven

Sustainability Will Be Primary Focus For INDA In 2024

Textile Insights February 14, 2024

INDA, the Association of the Nonwoven Fabrics Industry has announced sustainability as a primary focus for 2024. “This initiative, backed by support from INDA’s leadership, is a response to feedback from members affirming that sustainability remains one of nonwovens industry’s highest priorities,” INDA said in a press release. INDA’s sustainability endeavour will centre

Machinery

Oerlikon Barmag Commissions FDY Plant At Garden Silk Mills

Textile Insights February 14, 2024

Oerlikon Barmag has successfully commissioned a new polyester yarn production facility at Garden Silk Mills in Surat, particularly to produce FDY yarns. According to the German company, the setting up of the mill with 216 WINGS FDY spinning units was accompanied by extensive engineering work. The FDY yarn expansion project at Garden Silk Mills marks […]

Economy

Bharat Tex 2024 To See Confluence Of Handlooms & Handicrafts

Textile Insights February 13, 2024

Bharat Tex 2024, India’s premier global textile event, is set to witness a grand confluence of iconic handloom and handicraft traditions from Gujarat, Maharashtra, Telangana, Uttar Pradesh, and Madhya Pradesh. These five Indian states are set to captivate the spotlight as they present a shared narrative of artistic excellence, featuring handloom craftsmanship, and

Corporates

TCG Invests Rs 1,250cr In Hiking FDY Capacity At Garden Silk Mills

Textile Insights February 13, 2024

The Chatterjee Group (TCG), a private equity investor has invested Rs 1,250 crore for expansion of FDY capacity at Surat based Garden Silk Mills. The new FDY plant has a capacity of 272 tons per day and state-of-the-art Oerlikon Barmag Wings+ machines will produce FDY for knitting and weaving applications. Additionally, TCG has invested in […]

Textile Park

No Allocation For Kakatiya Mega Textile Park In Telangana Budget

Textile Insights February 13, 2024

In the budget presented for 2024-25, the Telangana government did not announce any allocation for the massive Kakatiya Mega Textile Park (KMTP) in the state. Touted as a fibre-to-fabric facility, the foundation stone of KMTP was laid seven years back, but is still to be operational and was supposed to provide employment to 60,000 people. […]

Industry

Massive Hike In Credit Facility For Egypt Textile Mill Modernisation

Textile Insights February 13, 2024

A consortium of Swiss banks has increased the credit limit of Egyptian government owned Cotton, Spinning, Weaving and Garment Holding Co. The consortium which includes Credit Suisse, UBS Switzerland and other Swiss banks agreed to increase the existing credit facility from €20 million to a massive €375 million. The higher credit limit will continue to […]