Event

C3M Exhibition Postponed To September 2025

Textile Insights August 25, 2024

The organizers of the C3M Exhibition have announced the postponement of the event, which was originally scheduled to take place from November 21-23, 2024, at the ICCB Exhibition Centre in Bashundhara, Dhaka, Bangladesh. Due to the current situation in Bangladesh, which is not conducive for

Apparel, Fashion, Retail

Sooper Dooper Kids: Fashion With A Heart

Textile Insights August 25, 2024

Sooper Dooper Kids is redefining children’s fashion by integrating style with social impact. Their “One Purchased is One Donated” initiative ensures that every purchase supports a charitable cause, embodying the brand’s commitment to kindness, inclusivity and giving back. Each item purchased not only dresses a child but also contributes to a movement of

Corporates

Inflection Point Ventures Achieves 33% IRR With Full Exit From Fashor

Textile Insights August 25, 2024

Inflection Point Ventures (IPV), a leading angel platform with over Rs 720 crore invested in 200+ startups, has exited its investment in Fashor, securing a 33% IRR and 3.75X MoM return within 54 months. This success highlights IPV’s strategic prowess in nurturing startups and timing exits. Mitesh Shah, Co-Founder of IPV, stated, “Our data-driven exit […]

Corporates

BTRA And ARCI Sign MoU To Advance Carbon Fibre Development In India

Textile Insights August 25, 2024

BTRA and ARCI have signed a significant Memorandum of Understanding (MoU), marking a new chapter in India’s growth journey in carbon fibre development. This strategic partnership aims to drive innovation in sustainable mobility by leveraging the strengths of both organizations. Through this collaboration, BTRA and ARCI are set to accelerate the development of

Corporates

Vardhman Textiles And EY Parthenon Launch GreenWeave Initiative

Textile Insights August 22, 2024

Vardhman Textiles Ltd., a leading Indian textile manufacturer, has announced a joint initiative with EY Parthenon (EYP), a global leader in strategy consulting services, named “GreenWeave.” Through this collaboration, EYP will serve as Vardhman’s trusted strategy advisor, guiding them in value creation through Environmental, Social, and Governance (ESG) and Net

Corporates

Trützschler Discontinues Man-Made Fibers Division

Textile Insights August 22, 2024

Trützschler Group has ceased its Man-Made Fibers Division, ending production of machines and systems for BCF and IDY yarns. The company will now concentrate on spinning, card clothing, and nonwovens. To support existing customers, Trützschler has partnered with Oerlikon for ongoing service and spare parts. Oerlikon, a global leader in the BCF and IDY sectors, […]

Corporates

Thermax Textile Plans Major Stake Sale In SBAC Bank

Textile Insights August 22, 2024

Thermax Textile Mills, a sponsor shareholder of SBAC Bank PLC, has announced plans to sell the majority of its stake in the bank. Thermax Textile is part of the Thermax Group, led by Chairman Abdul Kadir Molla, who currently holds a 4.27% stake in SBAC Bank PLC. A senior official of the private bank confirmed […]

Policies

Korea Launches Strategy To Boost Textile And Fashion Industry

Textile Insights August 22, 2024

Korean’s Trade, Industry, and Energy Minister Dukgeun Ahn announced the “Textile and Fashion Industry Competitiveness Strategy” during a conference at the Textile Center in Seoul. The strategy aims to address key industry trends, including the rapid growth of the industrial textile market, the increasing demand for eco-friendly products, and the widespread

Trade & Market

Maersk Opens Largest Middle East Logistics Park At Jeddah Port

Textile Insights August 22, 2024

A.P. Moller – Maersk and Saudi Arabia’s General Ports Authority, Mawani, have inaugurated the largest logistics park for Maersk in the Middle East, located at Jeddah Islamic Port. The ceremony was attended by notable figures including Engineer Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services, Omar bin Talal Hariri, Chairman of Mawani, and […]

Corporates

Sanathan Textiles Refiles IPO Papers For Rs 800 Cr

Textile Insights August 22, 2024

Sanathan Textiles, a yarn products manufacturer, has refiled its preliminary IPO papers with SEBI for the third time, aiming to raise Rs 800 crore. The IPO will feature a fresh issuance of equity shares worth Rs 500 crore and an offer-for-sale of Rs 300 crore by promoters. The company initially filed draft papers with SEBI […]