Export

Bangladeshi Tops In Global Apparel Exports By Volume To UK

Textile Insights January 11, 2024

In the first 10 months of 2023, Bangladesh has retained its position as the top exporter of apparels and accessories to the UK market in terms of volume. Data from Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said that Bangladesh shipped 178.39 million kg of apparels to

Machinery

Suryalata Spinning Picks Indo Texnology’s Automatic Cone Packing

Textile Insights January 10, 2024

Suryalata Spinning Mills has embraced automation with Indo Texnology’s automatic cone packing system, resulting in remarkable improvements in productivity. The Coimbatore-based Indo Texnology has been able to transform the packing process and enhanced overall efficiency at Suryalata Spinning Mills. Initially purchasing one system as a trial, the company’s positive

Industry

Trident Shares Deliver Phenomenal Returns Over 10 Years

Textile Insights January 10, 2024

Shares of Trident Ltd have delivered phenomenal returns of 3,600 percent to investors over the last 10 years. “If an investor had purchased Rs 10,000 worth of Trident stock 10 years ago and held onto it, the investment would now be worth almost Rs 4 lakh,” an analysis by ET Markets informed. According to the […]

Industry

Union Govt Taking Steps To Address Uncontrolled Textile Imports

Textile Insights January 10, 2024

The Union Government is taking adequate steps to address the issues of lack of demand and uncontrolled imports in the textiles sector. This was informed by Union Textiles Secretary Rachna Shah in a press conference held in New Delhi. “We are monitoring surges in textile imports which will be addressed, while QCO on textile materials […]

Fibre

Birla Cellulose’s Kharach Plant Receives EU BAT Recognition

Textile Insights January 10, 2024

Birla Cellulose’s Kharach plant in Gujarat has successfully commissioned CAP (Carbon-disulphide Adsorption plant) CS2 recovery system from exhaust gases and has achieved EU BAT status. Closed-loop technologies have been deployed to minimise CS2 and H2S (Hydrogen Sulphide) emissions by recovering CS2 and elemental sulphur from H2S and the target to recover 90-95 percent of

Export

Swiss Import Duty Abolition Negates India’s Gains From FTA

Textile Insights January 10, 2024

Switzerland which introduced a policy to allow tariff-free entry for all industrial goods from all countries has negated India’s gains from the negotiations for a European Free Trade Association (EFTA) free trade agreement. Switzerland’s decision that took effect from January 1, 2024 resulted in removing tariffs on products, including chemicals, consumer goods, vehicles

Export

Three Global Fashion Companies To Compensate Mauritius Workers

Textile Insights January 10, 2024

Three global fashion companies have agreed to collectively pay US $420,593 to compensate apparel workers in Mauritius after the publication of an undercover investigation report into labour rights abuse. The three companies include PVH, owner of Tommy Hilfiger and Calvin Klein; Second Clothing and UK based brand Barbour. Transparentem, a US non-profit organisation

Sustainability

Are Fashion Brands Ready For Climate Commitment Regulations?

Textile Insights January 9, 2024

With 2025 climate commitments looming, fashion is under pressure to clean up its supply chains. Barriers persist, but incoming legislation, investment in technology and a gradual shift in brand-supplier power dynamics could propel the industry towards its targets. While traceability became a buzzword in 2023, global supply chains faced an onslaught of challenges, from cost

Event

425 Exhibitors Sign Up For Four FESPA Shows In Amsterdam

Textile Insights January 9, 2024

Over 425 exhibiting companies have already confirmed to participate at FESPA Global Print Expo 2024, European Sign Expo, Personalisation Experience and Sportswear Pro. “These co-held exhibitions will take place in Amsterdam at the RAI Exhibition Centre from March 19-22, 2024, where visitors will see an array of solutions from exhibitors from 36 countries,” FESPA said […]

Economy

Sri Lankan Textile & Garment Exports Dip 18.8% In Jan To Nov

Textile Insights January 9, 2024

In the period between January and November 2023, Sri Lankan exports of textiles and apparels decreased 18.84 percent from a year ago period to US $4.42 billion. Of this, earnings from garment exports declined 20 percent in the first eleven months of 2023, while overseas shipments of textiles fell slower at 4.84 percent as against […]