Industry

Robot For Industrial Laundries Startup Bags €7 million financing

Textile Insights August 10, 2023

German industrial automation startup Sewts, which has launched Velum – a robot designed to help industrial laundries overcome labour shortages and strengthen operating efficiencies has closed a €7 million series A financing round. The funding round was led by Emerald Technology Ventures, CNB

Sustainability

SGS & FibreTrace Developing New Fibre Integrity Protocol

Textile Insights August 10, 2023

A new Fibre Integrity Protocol for the textile industry will be developed through a partnership of SGS and FibreTrace. FibreTrace is a digital and physical traceability provider in traceable fibre technology. According to SGS, the partnership will support brands worldwide to strengthen confidence in product claims made across a range of materials through the integration

Economy

World’s First Lab Cell Grown Cotton Seals $50mn Deal

Textile Insights August 9, 2023

Boston and USA based start-up Galy has signed a deal with Japanese manufacturer Suzuran Medical Inc. to use the startup’s cotton, which has been grown through laboratory cells, instead of plants in its products. This will be the first time that laboratory grown cotton will enter any market globally. Suzuran, which is one of the […]

Event

PM Modi Launches ‘My Textile My Pride’ Campaign

Textile Insights August 9, 2023

Prime Minister Narendra Modi addressed the National Handloom Day Celebration in Pragati Maidan, New Delhi yesterday and also launched a campaign – ‘My Textile My Pride’. He also unveiled an e-portal ‘Bhartiya Vastra evam Shilpa Kosh – A Repository of Textiles & Crafts’ developed by the National Institute of Fashion Technology. The Prime Minister also […]

Industry

NITI Aayog Will Examine Inverted Duty Structure On Textiles

Textile Insights August 9, 2023

NITI Aayog, a government think-tank will examine tax-related issues, including inverted duty structure in three sectors of textiles, leather and engineering. “The issues will be taken up with higher authorities for finding a resolution and in turn promote growth of the sectors,” Economic Times quoted an official as saying. The inverted duty structure refers to […]

Sustainability

Textile Recycling Gets Boost From Process To Separate Fibres

Textile Insights August 9, 2023

Chemistry researchers at the University of Copenhagen have been able to make a major breakthrough in textile recycling by finding a simple and effective method to separate polyester and cotton from blended fabrics. Fibres of cotton-polyester blends although popular fabrics, are virtually impossible to separate, making recycling difficult. This innovation could have a

Corporates

Birla Cellulose Partners & Supports 1,500 Handloom Weavers

Textile Insights August 9, 2023

Birla Cellulose has collaborated with over 1,500 weavers across India to support the handloom weaver community and increase productivity in the sector. The Aditya Birla Group company ensures timely and consistent delivery of quality yarn at stable prices, thereby boosting the capabilities of weavers, while also introducing them to sustainable, eco-friendly, cost-effective,

Apparel, Fashion, Retail

Fashion Institute Gives Makeover To Kerala Khadi Garments

Textile Insights August 8, 2023

The Kerala Khadi and Village Industries Board has joined hands with the Institute of Fashion Technology – Kerala (IFTK) to unveil a khadi based fashion collection to appeal to the youth. Vice Chairman of the Kerala Khadi Board P Jayarajan said new designs in brilliant colours created by young people represent the evolving interests of […]

Financial Results

Q1FY’24 Vardhman Textiles Net Profit Drops Sharply

Textile Insights August 8, 2023

In the first fiscal quarter ending June 30, 2023, Vardhman Textiles net profit dropped sharply by 58.53 percent to Rs 136.47 crore, compared to Rs 329.12 crore in the corresponding quarter of earlier fiscal EBITDA too dropped 41.88 percent to Rs. 309.88 crore in the reporting quarter as against Rs 533.17 crore in the first […]

Industry

Tiruppur Hosiery Body Seeks Curbs On Bangla Garment Imports

Textile Insights August 8, 2023

The South India Hosiery Manufacturers’ Association (SIHMA) has called upon the central government to take measures in curbing apparel imports from Bangladesh. Additionally, the association highlighted the need to impose restrictions on raw cotton exports once the new cotton season begins from October 1. In a memorandum, AC Eswaran, President of SIHMA said around 40 […]