Financial Results

Harish Textile Engineers Slips Into Q4FY’2024 Net Loss

Textile Insights May 31, 2024

Mumbai headquartered Harish Textile Engineers slipped in to a loss in the fourth fiscal quarter ending March 31, 2024. However, the company reported an increase in sales in the same quarter. The textile machinery manufacturer reported a net loss of Rs 0.86 crore in the January to March 2024

Technical Textile & Nonwoven

Asia Nonwovens Technology Expo Debuts In Bangkok From Nov 13

Textile Insights May 30, 2024

The Asia Nonwovens Technology Expo (ANTEX Asia) 2024, which will be the largest nonwovens show in Southeast Asia and the ASEAN region, is set to debut from November 13-15, 2024 in Bangkok, Thailand. ANTAX Asia will show sustainable and emerging technologies and has a goal of attracting over 200 exhibitors and 4,000 attendees from 20 […]

Textile Park

Burhanpur Textile Park Witnesses Waiting List For Plots

Textile Insights May 30, 2024

The proposed textile park in Sukhpuri, Burhanpur district, has reported a substantial waitlist of industries seeking to establish operations within the forthcoming industrial park. The Special Purpose Vehicle (SPV) established to oversee development of the park has obtained partial funding commitments from 250 companies for the cluster’s saleable area of 42 lakh

Financial Results

Aditya Birla Fashion And Retail’s Net Loss at 37% In Q4FY’24

Textile Insights May 30, 2024

In the fourth quarter of fiscal 2023-24, net loss at Aditya Birla Fashion and Retail Ltd (ABFRL) stood at 37 percent and reached Rs 266 crore compared to Rs 195 crore in the comparable months of earlier fiscal. Revenue in the January to March period at the Aditya Birla Group company grew to Rs 3,407 […]

Apparel, Fashion, Retail

Uniqlo Plans To Double Store Count In India To 28-30 Outlets

Textile Insights May 30, 2024

Asia biggest fashion retailer Uniqlo has plans to double its store count in India and raise it to 28-30 stores from the present 13 outlets it operates in the India. “Uniqlo currently operates 13 stores in India and plans to open about 28-30 stores in the next three years,” a source told India Retailing. “They […]

Export

Bangladesh’s July-April Garment Exports To New Markets Up 10%

Textile Insights May 30, 2024

In the July to April months of fiscal 2023-24, Bangladesh’s apparel exports to new markets increased 10 percent year on year and touched US $7.70 billion. Growth to new markets included Saudi Arabia with 58 percent growth, Turkey with 54 percent, UAE with 42 percent, Australia with 17.18 percent, South Korea with 14.75 percent and […]

Sustainability

Organisations Partner To Boost Indian Apparels Sustainability

Textile Insights May 30, 2024

SU.RE (Sustainable Resolution) has partnered with the British Council to launch a new project aimed at transforming India’s apparel sector and will run from May to October 2024. This collaboration, which engages key SU.RE signatories with the UK’s New Landscape programme, marks a pivotal step towards fostering sustainable practices and innovation in fashion. The SU.RE […]

Industry

Nigeria Attracts $3.5bn Investment In Textile & Apparel Sector

Textile Insights May 29, 2024

Nigeria’s Minister Of Industry, Trade And Investment Doris Uzoka-Anite said the government has attracted US $3.5 billion investment to boost the textile and apparel industry. Uzoka-Anite said this while sharing the sectoral report on the government’s first year in office. She added that efforts are in place to optimise performance of the Nigerian textile and […]

Export

Vietnamese Garment Export Orders Increase In Second Quarter

Textile Insights May 29, 2024

Since the beginning of this year and especially in the second quarter, Vietnamese garment exporters are being flooded with orders resulting in few companies recruiting new workers or working overtime. Export orders at garment enterprises in Ho Chi Minh City increased sharply, with some enterprises increasing more than 20 percent over the same period last […]

Event

First Edition Of APTEXPO 2024 Taking Place In Singapore In Nov

Textile Insights May 29, 2024

The first Asia-Pacific Textile and Apparel Supply Chain Expo (APTEXPO 2024) will take place from November 13-15, 2024 at the Sands Exhibition and Convention Center in Singapore. APTEXPO 2024 is being held under the theme of ‘Re-engineering towards a Resilient, Adaptive and Sustainable Supply Chain’ and will help stakeholders develop and overcome challenges. The event […]