Textile Park

UP Govt To Set Up 11 Textile Parks, First In Shamli District

Textile Insights November 7, 2024

The Uttar Pradesh government has announced plans to establish 11 private textile parks across the state, starting with a park in Shamli district, which will see an investment of Rs 726 crore. This initiative aims to reduce dependence on raw materials from other states and China. Of the 11

Industry

Apindo Calls For Tax Incentives To Revive Indonesia’s Textile Industry

Textile Insights November 7, 2024

The Indonesian Employers’ Association (Apindo) has appealed to the government to reinstate the tax incentive for Income Tax Article 21 (PPh 21) borne by the government (DTP) to aid labour-intensive sectors, especially the struggling textile industry. This call comes in the light of the recent bankruptcy of PT Sri Rejeki Isman Tbk. (Sritex), a major […]

Industry

Tamkeen Launches Campaign To Address Harsh Conditions For Textile Workers In Jordan

Textile Insights November 7, 2024

Thousands of workers in Jordan’s textile and garment industry are enduring “harsh” working conditions, characterized by low wages and limited protections, exacerbated by a rise in subcontracting practices. In response to these pressing issues, the Jordanian non-profit organization Tamkeen is set to launch a campaign aimed at raising awareness about the

Industry

India Seeks Compensation From Turkiye Over Polyester Safeguards

Textile Insights November 6, 2024

India has formally requested compensation from Turkiye following Ankara’s decision to extend safeguard measures on polyester staple fibres, which has adversely affected Indian exports of the product. An official confirmed that India raised its concerns during recent bilateral consultations with Turkiye under the WTO’s safeguard agreement. On October 14, India

Export

Uzbekistan Aims To Increase Textile Exports To India

Textile Insights November 6, 2024

Uzbekistan is looking to enhance its textile exports, particularly in knitwear, to the Indian market. Ambassador Sardor Rustamboyev met with Pabitra Margherita, the Union Minister of State for External Affairs and Textiles of India, to discuss strategies for expanding this trade. The meeting was part of the preparations for Bharat Tex, a significant international

Corporates

Rieter, ARISE IIP And Afreximbank Sign Landmark Agreement For Africa’s Textile Renaissance

Textile Insights November 6, 2024

ARISE IIP, a leading developer of industrial parks in Africa, has joined forces with the African Export-Import Bank (Afreximbank) and Rieter, a global leader in spinning systems for yarn manufacturing. Together, they aim to drive the “Africa Textile Renaissance Plan” – a transformative initiative to revitalize Africa’s textile industry and create sustainable growth. This

Corporates

Itema Acquires Balance 20% Stake To Become Sole Owner Of Schoch & Co

Textile Insights November 3, 2024

Itema, a global leader in advanced weaving solutions, has completed its acquisition of Schoch & Co Srl, a longstanding supplier of textile machine components like reeds and drop wires. This final acquisition stage follows Itema’s 2019 purchase of an 80% stake, with the recent agreement granting Itema the remaining 20%, making it the sole owner […]

Apparel, Fashion, Retail

Tasva Enters Northeast With First Store In Assam

Textile Insights November 3, 2024

Tasva, the premier Indian menswear brand from Aditya Birla Fashion and Retail Ltd, in collaboration with designer Tarun Tahiliani, has launched its first Northeast store in Guwahati. Spanning over 3,800 sq. ft., the new location offers a luxurious shopping experience and showcases Tasva’s Autumn-Winter 2024 Wedding Collection, blending contemporary design with traditional

Apparel, Fashion, Retail

Allen Solly’s Largest Store In India Unveils New Brand Identity

Textile Insights November 3, 2024

Allen Solly, a leading brand under Aditya Birla Fashion and Retail, has launched its largest store in India in Hyderabad’s upscale Banjara Hills, introducing a fresh brand identity. This expansive 5,300 sq. ft. store, spanning three levels, offers a world-class shopping experience designed to meet the growing fashion needs of Hyderabad’s style-conscious consumers. The new

Financial Results

PDS Ltd Reports Record Sales In Q2 FY25

Textile Insights November 3, 2024

PDS Ltd, a global fashion solutions and infrastructure company, has announced its financial results for Q2 FY25, achieving its highest-ever quarterly sales. The company, known for providing customized solutions to global brands and retailers in product development, sourcing, manufacturing and brand management, reported a Gross Merchandise Value (GMV) of Rs 5,437 crore for