Technical Textile & Nonwoven

Mission Steering Group Approves Rs 21 Crore for 19 Technical Textile Projects

Textile Insights July 31, 2024

The Mission Steering Group, chaired by the Union Minister of Textiles, has sanctioned 19 groundbreaking research initiatives valued at approximately Rs 21 crores under the National Technical Textiles Mission. These projects span vital areas such as composites, geotextiles, smart textiles, and

Apparel, Fashion, Retail

National Garment Fair 2024: Record Success And Business Growth

Textile Insights July 31, 2024

The 79th National Garment Fair (NGF) 2024, orchestrated by the Clothing Manufacturers Association of India (CMAI), concluded triumphantly, solidifying its status as India’s preeminent apparel trade show. Held from July 23 to 26, 2024, the event attracted over 39,000 buyers, primarily retailers, distributors, and wholesalers, generating an estimated INR 2100 crore in

Financial Results

Arvind Ltd Announces Robust Q1 FY25 Results Despite Setbacks

Textile Insights July 30, 2024

Arvind Limited today reported its financial results for Q1 FY25, demonstrating resilience despite external challenges. Key Financials: Revenue: Rs 1,831 Cr (YoY Change: -1%) EBITDA: Rs 150 Cr (YoY Change: -17%; Margin: 8.2%) PAT: Rs 39 Cr (YoY Change: -40%) The financial performance was notably impacted by the National general election and an illegal workers’ […]

Corporates

Eastman Exports Appoints Ritesh Kumar As CEO

Textile Insights July 29, 2024

Tiruppur-based Eastman Exports, India’s fourth largest knitwear manufacturer and exporter, has announced the appointment of Ritesh Kumar as its Chief Executive Officer (CEO). Kumar brings with him 25 years of extensive experience in garment industry, having previously served as the Senior Vice President at Shahi Exports. Kumar’s appointment reflects Eastman Exports’

Policies

Government Approves Establishment Of 7 PM MITRA Parks to Boost Textile Sector

Textile Insights July 29, 2024

The Government has approved the establishment of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks on Greenfield/Brownfield sites, including a Greenfield project in Virudhunagar, Tamil Nadu. These parks will feature world-class infrastructure, including plug-and-play facilities, with a total outlay of Rs. 4,445 crore over seven years up to 2027-28. Each park

Industry

MP Opens Industry Office In Coimbatore to Boost Trade Ties Between MP And TN

Textile Insights July 29, 2024

Madhya Pradesh Chief Minister Dr Mohan Yadav announced the establishment of a Madhya Pradesh industry office in Coimbatore, Tamil Nadu, to enhance investment and strengthen trade ties between the two states. Addressing the ‘Invest MP-Interactive Session’ in Coimbatore, Dr Yadav emphasized the objective of the Investors Summit: fostering inter-state cooperation

Product Launch & Innovation

Orange O Tec To Launch ‘Made In Bharat’ Machine Fabpro 1i At Gartex Exhibition, New Delhi

Textile Insights July 29, 2024

Orange O Tec Pvt Ltd, a pioneer in the digital textile printing industry, is set to make waves at the Gartex New Delhi exhibition on August 1, 2024, with the launch of its ‘Made in Bharat’ digital textile printing machine, the Fabpro 1i. This unveiling marks a new chapter in Orange O Tec’s illustrious 15-year […]

Economy

Burkina Faso Explores Cotton In Tirupur

Textile Insights July 29, 2024

A delegation of 14 entrepreneurs from Burkina Faso visited the Tiruppur Exporters’ Association (TEA), facilitated by Gherzi Consulting, New Delhi, to seek guidance on converting their locally grown cotton into garments and adding value to their textile industry. The delegation was received by the Association’s President, K.M. Subramanian, General Secretary N.

Sustainability

Zydex Selected For Apparel Impact Institute’s Climate Solutions Portfolio

Textile Insights July 29, 2024

Zydex, a leading innovator in textile printing solutions, has announced its selection for Apparel Impact Institute’s (Aii) Climate Solutions Portfolio (CSP). This prestigious recognition underscores Zydex’s commitment to reducing the environmental footprint of the fashion industry through innovative and sustainable solutions. Apparel Impact Institute’s Climate

Financial Results

PDS Ltd Posts Growth Of 24% In Revenue And 34% In PAT In Q1 FY25

Textile Insights July 29, 2024

PDS Ltd, a global fashion solutions and infrastructure company, announced its financial results for Q1 FY25. The company offers customized solutions to global brands and retailers, including product development, sourcing, manufacturing, and brand management. The company recorded a 28% increase in Gross Merchandise Value (GMV) to Rs 3,898 crore, translating to a 24% rise in