Textile Print

Epson Transforms Dye-Sublimation Printing With SureColor F9500 & SC-F9500H

Textile Insights August 9, 2024

Global technology titan, Epson, is revolutionizing the dye-sublimation printing landscape with the introduction of two cutting-edge 64-inch models: the SureColor F9500 and SC-F9500H. These state-of-the-art machines, set to replace the SureColor F9400 and SC-F9400H, bring notable advancements in

Cotton

Sportking India Launches ‘San-Vardhan’ To Combat Pink Bollworm

Textile Insights August 9, 2024

Sportking India, a leading textile company, has partnered with ATGC Biotech, Reviving Green Revolution Cell, and Team Athena Pvt Ltd, to launch a pioneering initiative, ‘San-Vardhan’ (Cotton You Can Trust). This initiative aims to address the severe Pink Bollworm (PBW) infestation affecting cotton crops in Northern India. Cotton, a vital commercial crop in India, accounts

Product Launch & Innovation

TrusTrace Unveils Advanced AI-Driven Forced Labour Prevention Solution

Textile Insights August 9, 2024

TrusTrace, a prominent SaaS firm renowned for its leading platform in product traceability and supply chain compliance within the fashion and retail sectors, has launched its enhanced AI-powered Forced Labour Prevention (FLP) Solution. This innovative offering is designed to assist brands in proactively mapping their supply chains, screening for risks and efficiently

Cotton

Cotton Yarn Demand To Recover In FY2025: ICRA

Textile Insights August 9, 2024

Domestic demand growth is set to outpace exports, driven by a recovery in downstream segments. Operating margins are expected to expand by 100-150 bps in FY2025 with improved gross contribution levels. ICRA forecasts a recovery for the domestic cotton spinning industry in FY2025, with a growth of 6-8%, supported by a 4-6% volume increase and […]

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 the rising number of trade shows and […]

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 […]