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

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

Financial Results

Vardhman Textiles Net Profit Soars 26% In Q4 Of Fiscal 2024

Textile Insights May 14, 2024

Net profit at Ludhiana based Vardhman Textiles soared 26 percent to Rs 201 crore in the fourth quarter ended March 31, compared to Rs 159 crore in the comparable period of earlier fiscal. Revenue in the January to March 2024 period dropped marginally by one percent to Rs 2,459 crore, as against Rs 2,485 crore […]

Event

TAI Hosting Hybrid Lecture On Opportunities & Threats From AI

Textile Insights May 14, 2024

The Textile Association (India), Mumbai Unit is organising a hybrid lecture on May 17, 2024 at the TAI, Mumbai Unit Office, which will be followed by high tea. The theme of this lecture is ‘Opportunities & Threats AI poses for MSME textile units.’ The lecture will be held from 4.00 to 5.30 pm and there […]

Industry

CITI Gears Up For Future That Envisions Thriving Textile Sector

Textile Insights May 14, 2024

The Confederation of Indian Textile Industry (CITI) is gearing up for a future that envisions a thriving textile sector till 2047, which also marks ‘New India’s’ fulfillment of aspirations. “The textile industry is crafting an action plan not just for the immediate future but for the long haul till 2047,” CITI Chairman Rakesh Mehra said. […]

Industry

Renewables Now Account For 30% Of Global Electricity Output

Textile Insights May 13, 2024

Global solar and wind energy now account for 30 percent of overall worldwide electricity generation, according to a report by global energy think tank Ember. Since 2000, renewables have expanded from 19 percent to more than 30 percent of global electricity, driven by an increase in solar and wind from 0.2 percent in 2000 to […]