Home Textiles

Home Furnishings Brand Mytrident Launches New TV Campaign

Textile Insights May 17, 2024

Premium home furnishings brand MyTrident has brought together Bollywood actor Kareena Kapoor Khan and her mother in law Sharmila Tagore in a new television campaign. This collaboration highlights the harmonious relationship between a mother-in-law and daughter-in-law, marking a notable shift

Financial Results

PDS Ltd GMV Increases 19% To Rs 4,526 Crore In Q4FY’24

Textile Insights May 17, 2024

In the quarter ending March 31, 2024, Gross Merchandise Value (GMV) increased by 19 percent over the earlier quarter to Rs 4,526 crore at PDS Ltd. PDS is a global fashion solutions and infrastructure company offering customised solutions to global brands and retailers like product development, sourcing, manufacturing, and brand management. In the three months […]

Industry

Bangla Apparel Makers Pay 645% Higher Undocumented Payments

Textile Insights May 16, 2024

Garment manufacturers from Bangladeshi pay up to 645 percent more than the official fees for renewal of licences or secure essential permits. The 645 percent higher charges are ‘undocumented payments’, a study by the Centre for Policy Dialogue (CPD) said. Quoting data from an exporter, the study informed that the company paid 645 percent higher […]

Machinery

Significant Presence Of Italian Textile Machinery Makers At ITM

Textile Insights May 16, 2024

Italian textile machinery manufacturers will have significant presence either at their own stalls or of their agents or in the Italian pavilion hosted by Italian Trade Agency and ACIMIT at ITM 2024. 16 companies will be exhibiting in the pavilion and includes Bematic, Kairos, Macchine Carù, Martex, Noseda, Ommi, Pafasystem, Pinter Caipo, Proxima, Ramina, Ratti, […]

Machinery

Picanol Will Introduce Ultimax For Very First Time At ITM 2024

Textile Insights May 16, 2024

At the upcoming ITM 2024 exhibition Picanol will introduce the Ultimax for the very first time in Türkiye in Hall 8, Booth 802. Furthermore, there will also be an OmniPlus-i Connect airjet weaving machine on display and the novelties of the digital platform PicConnect too will be highlighted. All of the innovations that will be […]

Export

Indian Textile & Apparel Exports Rise Marginally By 0.89% In April

Textile Insights May 16, 2024

Indian exports of textiles and apparel rose marginally by 0.89 percent to US $2.77 billion in April 2024 as against $2.75 billion in the same month of the previous year Of this, textile exports stood at $1.57 billion, up 2.4 percent year on year, while garment exports were down by 1.03 percent to $1.19 billion […]

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 merchandise. The list of products which will be subject to control will be approved […]

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