Policies

Mexico Imposes 35% Temporary Tariff On Textile & Apparel Imports

Textile Insights May 8, 2024

The Mexican President has signed a decree to impose temporary import tariffs of 5 to 50 percent on 544 commodities which includes textiles, apparels, footwear, wood, plastics, steel, aluminum, etc. According to the decree, textiles, apparels, footwear and other products will be subject to a

Machinery

Rieter Presenting Range Of Compelling Solutions At ITM 2024

Textile Insights May 8, 2024

Rieter is presenting a range of compelling solutions at ITM 2024 designed to automate, digitise and optimise operations, so that mill owners can successfully expand their competitive advantage. “Rieter’s digital spinning suite Essential plays a key role in helping mills realise their full potential,” Rieter said in a press release. “Each week in spinning mills […]

Export

Sri Lankan Apparel Exports Increase 7.72% In March 2024

Textile Insights May 7, 2024

Sri Lanka’s apparel exports stood at US $418.33 million in March 2024, an increase of 7.72 percent over the same month of previous year. March’s performance represents the highest monthly export earnings since reaching $442.6 million in December 2022 and the highest level so far in 2024. Exports to the US declined by 2.81 percent […]

Sustainability

Indo Count Inaugurates 9.3 MW Solar Power Project In Gujarat

Textile Insights May 7, 2024

Indo Count Industries Ltd (ICIL) has inaugurated its solar power generation unit, taking a step towards sustainable operations and environmental stewardship. ICIL’s solar power generation unit located in Banaskantha district of Gujarat has an installed capacity of 9.3 MW and the unit is dedicated for captive consumption at its Bhilad also in Gujarat unit. By […]

Machinery

Tiruppur Exporters Explore Local Production Of Critical Spares

Textile Insights May 7, 2024

Knitwear manufacturers from Tiruppur and engineering industry in Coimbatore are collaborating to boost domestic production of machinery spares crucial for the Tiruppur knitwear industry. The initiative, spearheaded by the Tiruppur Exporters’ Association (TEA), aims to reduce dependency on imported spares and promote cost savings for knitwear units. TEA has initiated a

Export

FIEO Requests Govt To Extend Interest Equalisation Scheme

Textile Insights May 7, 2024

The Federation of Indian Export Organisations (FIEO) has urged the government to extend the interest equalisation scheme (IES) that is set to expire on June 30. In a statement, the exporter’s body said that the extension is required to offer a lifeline to small exporters grappling with high interest rates and faltering exports. “The scheme […]

Machinery

Q1 Order Index For Italian Textile Machinery Remains Steady

Textile Insights May 7, 2024

The first quarter of 2024 has seen the orders index for the Italian textile machinery sector remain stationary compared to the same period the previous year. “In absolute terms, the index came in at 61.2 points (basis: 2021=100),” the Association of Italian Textile Machinery Manufacturers (ACIMIT) reported. This result is due to entirely different trends […]

Machinery

Karl Mayer Group Launching Energy Efficiency Solution

Textile Insights May 7, 2024

The Karl Mayer Group is launching an Energy Efficiency Solution, which takes a different, efficient and economical path to enable customers to achieve energy transparency that meets their requirements. The Energy Efficiency Solution from Karl Mayer is a cloud-based solution that combines the latest sensor technology with a specifically developed analysis software. “The

Industry

South African Textile & Clothing Sector Creates 20,000 Jobs

Textile Insights May 6, 2024

More than 20 000 jobs have been created in the past five years since the clothing, textile, footwear and leather (CTFL) industry’s master plan was launched in South Africa. This was reported to the Minister of Trade, Industry and Competition Ebrahim Patel by stakeholders at a meeting in Cape Town on Thursday. Major retailers have […]

Export

Bangladesh Apparel Exports Up 4.95% Between July & April

Textile Insights May 6, 2024

In the first ten months of fiscal 2024 ending June 2024, Bangladeshi garment exports totaled US $40.49, up 4.95 percent over $38.58 billion reported in the same period of previous fiscal. In the months between July 2023 and April 2024, knitwear exports stood at $22.88 billion, growing by 11 percent over the comparable months of […]