Corporates

Ravikant Kapur Joins MC Of FIEO; Paresh Mehta Is Western Chairman

Textile Insights December 6, 2024

Ravikant Kapur has been elected as a member of the Managing Committee (MC) of the Federation of Indian Export Organisations (FIEO), representing the All India 1&2 Star Export House category. Additionally, Team Achievers secured three seats on the committee, with Paresh Mehta being appointed

Industry

VT Garment First To Earn GSD Excellence Gold Certification

Textile Insights December 5, 2024

VT Garment Co. Ltd, a global leader in apparel manufacturing, has become the first company to earn the GSD Excellence Gold Certification through Coats Digital’s new GSD Excellence Programme. This programme empowers manufacturers to enhance efficiency and sustainability using GSD’s data-driven methodology, helping them meet the high standards set by global brands. Since

Industry

Bangladesh’s Garment Sector: Decline In Women Workers Poses Challenge

Textile Insights December 5, 2024

The proportion of women workers in Bangladesh’s garment sector has fallen significantly, from 80% in 1980 to 53.7% by 2021, according to the BGMEA. Women aged 18-35 are increasingly leaving the industry for alternative professions like agriculture, domestic work or tailoring. Key factors driving this decline include factory unrest, inadequate wages and the desire for

Economy

US Delegation Urges Labour Reforms In Bangladesh For Economic Growth

Textile Insights December 5, 2024

A high-level US delegation, led by State Department Special Representative Kelly M. Fay Rodriguez and Deputy Undersecretary of the Department of Labor Thea Lee, visited Bangladesh to emphasize the need for labour reforms that strengthen democracy and promote economic prosperity. The delegation, which also included representatives from USAID, major US brands, and global

Sustainability

Primark Reduces Carbon Emissions, Boosts Sustainability Efforts

Textile Insights December 5, 2024

Primark has reported a 1.9% reduction in carbon emissions across its value chain since 2019, with an 11.6% decrease compared to last year. This marks the beginning of the retailer’s decarbonization programme decoupling from growth. The company is on track to meet its goal of halving carbon emissions by 2030, with a 21% reduction in […]

Export

Tiruppur’s Apparel Exports Recover Notably With Surge In Export Orders

Textile Insights December 5, 2024

India’s textile hub, Tiruppur, is witnessing a remarkable recovery as apparel export units operate near full capacity, driven by a surge in orders from the United States and United Kingdom. The region’s 5,000 export units are now running at 95% capacity, a sharp rise from 60-65% just months ago. This growth is fueled by evolving […]

Export

Bangladesh’s Apparel Exports To EU Witness Mixed Trends In 2024

Textile Insights December 5, 2024

Bangladesh’s apparel exports to the EU rose 6.9% year-on-year in September 2024 to €1.53 billion, driven by strong knitwear demand. However, exports for January-September 2024 fell 2.47% to €13.43 billion due to sharp declines in the first quarter, according to Eurostat data. Knitwear exports dropped 5.04% to €7.93 billion, while woven garment exports rose 1.5% […]

Industry

Brazil’s Decarbonisation Strategy Set To Revolutionise Textile Industry

Textile Insights December 5, 2024

With the implementation of Brazil’s National Circular Economy Strategy in June 2024 and its upcoming role as the G20 Summit host, the country is positioned to lead the textile sector towards sustainable and low-carbon operations. Brazil’s abundant renewable energy resources are central to its decarbonisation potential. With 85% of electricity currently generated from

Industry

EU-Vietnam FTA Threatens Bangladesh’s RMG Exports

Textile Insights December 4, 2024

Bangladesh’s RMG exports to the EU could decline by 21% due to the EU-Vietnam Free Trade Agreement (FTA) and Bangladesh’s LDC graduation, a study by RAPID and Friedrich-Ebert Stiftung revealed. The report highlights that Bangladesh’s overall exports to the EU may drop by 21% as it loses duty-free access under the Everything But Arms (EBA) […]

Sustainability

DS Group Unveils India’s First Outdoor Liquid Tree

Textile Insights December 3, 2024

In a pioneering effort to advance urban sustainability, the Dharampal Satyapal Group (DS Group), a prominent FMCG conglomerate, has partnered with Liquid Trees, a climate tech startup, to unveil India’s first outdoor Liquid Tree. Installed at the DS Headquarters in Noida, this marks a significant step in the fight against climate change and urban air […]