Apparel, Fashion, Retail

Asia’s Biggest Garment Wholesale Market To Get Makeover

Textile Insights June 22, 2023

The Delhi government is all set to beautify the Gandhinagar Market, which is Asia’s largest wholesale garment market and convert it into a ‘Grand Garment Hub’. The redevelopment work will be done at an estimated cost of Rs 150 crore and will be carried out in two phases. According to the

Apparel, Fashion, Retail

Lululemon Seventh Brand Partner Of Circularity Project

Textile Insights June 22, 2023

US fashion brand Lululemon has now become the seventh external brand partner of Amsterdam-based Fashion for Good’s Sorting for Circularity USA project, which was launched earlier in January 2023. Within its first six months, the project has expanded to cover six key US states including, California, Colorado, Florida, New Jersey, New York and Texas and […]

Cotton

Higher Cotton Output Forecast for Brazil, Pakistan & Australia

Textile Insights June 22, 2023

The US Department of Agriculture (USDA) has forecast higher cotton production for Brazil, Pakistan, and Australia in cotton year 2023-24. Brazil’s cotton production is projected at 13.25 million bales (1 bale = 480 pounds) for 2023-24, marginally above 2022-23, while area under cultivation forecast remains unchanged. The agency has also projected a slight increase in […]

Machinery

Pacorr Launches Range Of Textile Testing Instruments

Textile Insights June 22, 2023

India based Pacorr Testing Instruments has recently launched a range of textile testing instruments that are designed to meet the testing needs of the textile industry. The range includes Martindale Abrasion Tester, Motorised Wrap Reel, Crockmeter Rubbing Fastness Tester (Motorised), Snap Button Pull Test Machine, Fabric Swatch Cutting Machine, Fabric Inspection Machine,

Tete-A-Tete

Perfect Recycling Machine Offers Longer Length Fibres

Textile Insights June 22, 2023

ITMA 2023 edition is mainly focusing on Sustainability and Circularity, with buyers too showing interest in seeing technologies with a focus on these two features. India based Perfect Engineering anticipating this interest, too promoted its textile waste recycling technology at its stall. “Perfect Engineering has been focusing since the last 15 years on textile waste […]

Product Launch & Innovation

WFX Launches IoT Enabled Textile ERP Solution

Textile Insights June 21, 2023

Gurugram based WFX and a provider of enterprise software solutions for the fashion industry, has recently launched their IoT-enabled Textile ERP Solution. “Designed specifically for the textile industry, this cutting-edge software is set to transform material planning, optimise productivity, and streamline operations for textile companies worldwide,” WFX said in a press

Industry

The Yarn Bazaar raises Rs 150 million in First Funding Round

Textile Insights June 21, 2023

The Yarn Bazaar, an online B2B managed marketplace, providing a one-stop solution for all yarn-related requirements, has raised Rs 150 million in a Pre-Series A Round. The investment was led by the Rajiv Dadlani Group and Equanimity Ventures and also saw participation from reputed Family Offices and HNI investors. The funding will primarily be used […]

Textile Park

South Korean Textile Giant To Create 21,000 Jobs in Telangana

Textile Insights June 21, 2023

Youngone, South Korea’s textile major and giant is setting up 11 factories at Kakatiya Mega Textile Park (KMTP) in Telangana’s Warangal district. “Four factories will be started in the first phase, which will provide employment to around 6,000 people, while seven more units will be set up in various phases and in total will provide […]

Export

Pak Textile Exports Dip 14.2% In Eleven Months Of FY’23

Textile Insights June 21, 2023

In the first eleven months of fiscal ending June 30, 2023, Pakistani textile exports fell 14.2% year on year, to touch US$ 15.02 billon as against $17.62 billion in the same period of previous fiscal. However, the Pakistan Bureau of Statistics (PBS) said that export of raw cotton bucked the trend and more than doubled […]

Cotton

Global Cotton Output Slightly Higher In 2023-24

Textile Insights June 21, 2023

Global cotton production in cotton year 2023-24 is forecast at 116.7 million bales (1 bale = 480 pounds), 400,000 bales or slightly higher from the previous cotton year and which had the largest crop in four years. According to United States Department of Agriculture (USDA) statistics, the higher production is forecast for most of the […]