Textile Print

UV-Cured Inks To Propel Digital Textile Printing Growth By US$ 3.33 Billion By 2028

Textile Insights August 9, 2024

The global digital textile printing market is poised for substantial growth, with an estimated increase of US$ 3.33 billion from 2024 to 2028, according to Technavio. The market is projected to grow at a robust CAGR of over 15.2% during this period. Key factors propelling this growth include

Industry

S&P Downgrades Bangladesh Amid Protests And Economic Strain

Textile Insights August 9, 2024

S&P Global has downgraded Bangladesh’s long-term foreign and local currency sovereign credit ratings from BB- to B+, citing elevated external vulnerabilities and weakening external liquidity. The outlook remains stable, with short-term ratings affirmed at ‘B’. The downgrade reflects Bangladesh’s modest per capita income, limited fiscal flexibility and

Industry

Nigeria Aims To Revive Textile Industry For Job Creation

Textile Insights August 8, 2024

The Nigerian government plans to rejuvenate the nation’s textile industry to spur job creation, according to Vice-President Kashim Shettima. Speaking at a meeting on Tuesday with the International Cotton Advisory Committee (ICAC), led by Executive Director Eric Trachtenberg, Shettima urged stakeholders to craft a strategic roadmap for the sector’s revival. Held

Industry

Indonesia Faces Trillions In Losses Due To Unregistered Textile Imports From China

Textile Insights August 8, 2024

Indonesia’s Ministry of Cooperatives and SMEs has reported a significant discrepancy between China’s export figures and Indonesia’s import data, leading to suspicions of unregistered textile imports from China. According to Temmy Setya Permana, the ministry’s acting deputy chairman for SMEs, the disparity suggests that illegal imports have flooded

Industry

Bangladesh’s Political Crisis Sparks Concerns For India’s Textile Sector

Textile Insights August 8, 2024

The Confederation of Indian Textile Industry (CITI) has raised “significant concerns” about the impact of Bangladesh’s ongoing political crisis on India’s textile and apparel sector. The turmoil in Bangladesh, which is facing its worst political crisis since Independence in 1971, could disrupt supply chains and affect production schedules for Indian

Industry

Bangladesh Unrest Halts Surat Textile Orders

Textile Insights August 8, 2024

The ongoing unrest in Bangladesh is posing significant challenges for Surat’s textile sector, which exports over Rs 100 crore worth of yarn and textile items to Bangladesh every month. The turmoil has led to a halt in new orders, raising concerns about payments for supplies already shipped. Bangladesh, a major apparel production hub for renowned […]

Cotton

Kasturi Cotton Bharat Uses Blockchain For Traceability

Textile Insights August 8, 2024

The Ministry of Textiles’ Kasturi Cotton Bharat program is setting a new benchmark in cotton traceability, certification, and branding in India. Launched through a collaboration between the Government of India, trade bodies, and industry stakeholders, this pioneering initiative was formalized with a budgetary support of Rs 30 crore, including Rs 15 crore contributed

Event

National Handloom Day Highlights Sustainability And Economic Growth

Textile Insights August 8, 2024

The 10th National Handloom Day was celebrated with Vice President of India, Jagdeep Dhankhar as the chief guest. Union Minister of Textiles Shri Giriraj Singh and Minister of State Shri Pabitra Margherita also attended the event. Vice President Dhankhar highlighted the role of handloom products in Prime Minister Narendra Modi’s “Be Vocal for Local”

Apparel, Fashion, Retail

Kizi Apparels Partners With Myntra To Expand Nationwide Reach

Textile Insights August 8, 2024

Kizi Apparels Limited is excited to announce a strategic partnership with Myntra, India’s leading fashion e-commerce platform. This collaboration marks a key milestone for Kizi Apparels as it expands its brand presence across the country through Myntra’s extensive marketplace. Renowned for its top-tier B2B services and wedding collections, Kizi Apparels has

Sustainability

VDMA Textile Machinery Issues Position Paper on EU Sustainability Regulations

Textile Insights August 2, 2024

In a position paper released, the VDMA Textile Machinery Association addresses the ambitious EU regulations and their national implementation for a sustainable and circular transformation of the textile and clothing industry. Textile production demands significant resources, including water, energy, and chemicals. “The members of VDMA Textile Machinery support