Export

Uzbekistan To Control Prices of Various Textile Export Products

Textile Insights May 16, 2024

The Uzbekistan government will now onwards regulate export of textile, leather, footwear and electrical products. According to a new regulation, Uzbekistan will monitor value of export contracts for textiles, footwear and electrical equipment, as well as control export prices of the

Industry

‘Chinese Investment Growth Driver Of Ethiopian Textile Sector’

Textile Insights May 16, 2024

Investment from Chinese investors is the backbone and driving growth and development of Ethiopian textile and garment industry. This was stated by Aklilu Tadesse, CEO of the Ethiopian Industrial Parks Development Corporation (IPDC). He said this during discussions between IPDC officials and the Ethiopian Investment Commission with potential Chinese investors who are

Financial Results

Net Loss Rises Higher At HP Cotton Textile Mills In Q4FY’24

Textile Insights May 15, 2024

Net loss rose higher at HP Cotton Textile Mills to Rs 3.84 crore in the fourth fiscal quarter ending March 31, 2024, up 40.89 percent as against net loss of 2.27 crore in the same quarter of earlier fiscal The company reported total income of Rs 19.68 crores during the period ending March 31, 2024, […]

Technical Textile & Nonwoven

Shahi Exports To Setup Functional Synthetics Fabrics Plant

Textile Insights May 15, 2024

India’s largest apparel manufacturer and exporter Shahi Exports has inked a joint venture with Little King Global, one of Taiwan’s premier synthetic sportswear fabric manufacturers. This partnership will set up a state-of-the-art processing unit for synthetic performance fabrics located in Shimoga, Karnataka. “The venture will also boost employment in Shimoga, making Shahi

Technical Textile & Nonwoven

Heberlein Showing Unique Technical Textile Technologies At ITM

Textile Insights May 15, 2024

Heberlein will be displaying a unique technology for creating advanced technical textiles with exquisite characteristics at the upcoming ITM 2024 exhibition in Turkey in hall 7, booth A-708. The Swiss company is a leading supplier of air interlacing and air texturing jets and will show critical components like the latest PolyJet-TG-3, which can influence both […]

Machinery

Alchemie Secures Grant To Tackle Pollution In Textile Finishing

Textile Insights May 15, 2024

UK based Alchemie Technology has secured a major grant to tackle pollution in the global textile finishing industry as part of a collaboration between UK and Taiwan. The grant totaling $934,048 will enable Alchemie and JSRTEX Group, a Taiwan-based textile manufacturing innovator, to drive transformation of Taiwan’s textile industry. Objectives include eradicating textile

Apparel, Fashion, Retail

Tier 2 Cities Becoming Growth Drivers For Retail Industry

Textile Insights May 15, 2024

Indian Tier 2 cities are becoming known as key players in the country’s retail sector, with Lucknow mainly standing out with an unassailable 18.4 percent share of gross leasable area. “Growth of Tier 2 cities as retail hubs is fueled by economic growth, employment opportunities and rising disposable incomes,” a report by Knight Frank India, […]

Export

Indian Cotton Yarn Export Volumes Increase 29% In February

Textile Insights May 14, 2024

Export volumes of Indian cotton yarn amounted to 100,600 tons in February 2024, an increase of 29.74 percent over February 2023 and 22.38 percent over January 2024. In terms of the market share of Indian cotton yarn exports in February, Bangladesh was the top destination with a 36 percent share, followed by China with around […]

Export

Indian Govt Will Focus On Boosting Textile & Garment Exports

Textile Insights May 14, 2024

“The government will focus attention on boosting India’s textile and garment exports, which fell in the previous two fiscals,” Textiles Secretary Rachna Shah said. In fiscal ending March 2024, India’s exports of textiles and clothing dropped 3.24 percent year over year to US $34.4 billion. As against this, overseas shipments of textiles and apparel amounted […]

Machinery

French Textile Machinery Producers Exhibiting At ITM 2024

Textile Insights May 14, 2024

Member companies of UCMTF, the association of French textile machinery manufacturers will be exhibiting at the upcoming ITM 2024 exhibition which will be held in Istanbul. The French exhibitors include Aesa Air Engineering, a specialist offering air conditioning solutions for worldwide textile factories. The company will showcase its latest generations of monitoring