Corporates

ABFRL Announces US$ 500 Mn Equity Raise Through Preferential Issue and QIP

Textile Insights January 16, 2025

The board of Aditya Birla Fashion and Retail Limited (ABFRL), in its meeting, approved raising US$ 500 Mn through a combination of preferential issuance and Qualified Institutional Placement (QIP) of equity shares. The preferential issuance of US$ 275 Mn will include investments of US$ 150 Mn

Industry

Indian Retailers Urged to Prioritize Domestic Sourcing for Job Creation

Textile Insights January 16, 2025

India’s apparel imports reached US$ 1.07 billion (Rs 8,900 crore) in the first eight months of FY 2024-25, with projections indicating imports could rise to Rs 13,000 crore by the fiscal year-end. Key import sources include Bangladesh, China, Spain, Vietnam, and Sri Lanka. Segment-wise, cotton apparels accounted for US$ 513 million, man-made fiber (MMF) apparels […]

Corporates

Trident Group Launches Karamyogi Recruitment Drive To Hire 3,000 Skilled Individuals Across India

Textile Insights January 16, 2025

Trident Group, a global conglomerate, has announced the launch of its Karamyogi Recruitment Drive, aiming to hire 3,000 skilled individuals across India. This initiative underscores the company’s commitment to fostering an inclusive and empowered community while contributing to the socio-economic development of the nation as part of its vision for Viksit Bharat. The

Event

Minister Of Textiles Inaugurates India Pavilion At Heimtextil 2025, Frankfurt

Textile Insights January 16, 2025

India highlighted its growing strength in the textile industry as the Hon’ble Minister of Textiles inaugurated the India Pavilion at Heimtextil 2025, held at Messe Frankfurt, Germany. Representing the largest country participation at this prestigious global home textiles fair, India showcased its commitment to innovation, sustainability, and global partnerships. The

Event

Heimtextil 2025 Opens With Over 3,000 Exhibitors And Design Icon Patricia Urquiola

Textile Insights January 16, 2025

Heimtextil 2025 begins the trade fair year with a record-breaking lineup of over 3,000 exhibitors from 65 countries, solidifying its position as the leading international platform for home and contract textiles and textile design. The event highlights steady growth and international participation, reflecting the global industry’s confidence in Heimtextil as a

Event

CMAI’s 80th National Garment Fair (NGF) 2025 Inaugurated by India’s leading Value Retailer Shri Ram Chandra Agarwal of V2 Retail Ltd.

Textile Insights January 15, 2025

The 80th edition of CMAI’s National Garment Fair (NGF) 2025, Spring-Summer edition being held from January 15 to 17, 2025 at Bombay Exhibition Centre, Mumbai was inaugurated by India’s leading Value Retailer, Shri Ram Chandra Agarwal, Chairman & Managing Director of V2 Retail Ltd. They are currently on an exciting expansion path which is perhaps […]

Event

Messe Frankfurt India And Austrian Fibers Institute To Host Dornbirn GFC At Techtextil India 2025

Textile Insights January 15, 2025

As global demand for technical textiles continues to rise, India is emerging as a hub for innovation and growth in this sector. Recognizing the immense potential of this evolving market, Messe Frankfurt Trade Fairs India has announced a landmark collaboration with the Austrian Fibers Institute. This strategic partnership will bring the Asia edition of the […]

Corporates

Siemens And Spinnova Partner For Sustainable Textile Innovation

Textile Insights January 12, 2025

Siemens, a global technology leader, has joined forces with Spinnova, a trailblazer in sustainable textile technology, to transform the textile industry through innovative and eco-friendly fiber production. This partnership aligns with Siemens’ strategic commitment to advancing sustainability and digitalization in manufacturing. Driving Sustainability with Siemens

Corporates

Epic Group And Creative Group Forge Rs 500 Crore Apparel JV In India

Textile Insights January 12, 2025

Epic Group and Creative Group have entered a strategic partnership to reshape the Indian apparel business landscape. The collaboration was formalized with the signing of a non-binding Memorandum of Understanding (MOU), signaling the start of an extensive joint business planning initiative. The joint venture involves a significant potential investment of ₹500 crores

Industry

Pune Municipal Corporation To Launch Pune’s First Textile Waste Processing Unit

Textile Insights January 12, 2025

In a major step toward sustainable waste management, the Pune Municipal Corporation (PMC) is set to establish the city’s first dedicated textile waste processing unit. The initiative aims to address the growing challenge of managing the 100 to 125 tonnes of textile waste generated daily, which cannot be processed alongside regular solid waste. Officials have […]