Industry

Bangladesh Launches National Single Window To Streamline Trade

Textile Insights January 6, 2025

The National Board of Revenue (NBR) of Bangladesh has launched the National Single Window (NSW) to simplify import-export processes, bringing seven key customs agencies under one digital platform. The system, unveiled at a city event, aims to eliminate paperwork, reduce costs, and speed up

Corporates

Globe Textiles Reports Robust Growth, Net Profit Doubles In Q2 FY24-25

Textile Insights January 6, 2025

Globe Textiles (India) Ltd has posted impressive financial results for the quarter ending September 2024, marking a significant milestone in its growth trajectory. The company achieved a 35.12% increase in consolidated revenue, reaching Rs 15,019.77 lakhs, up from Rs 11,115.74 lakhs in the same quarter of FY23-24. Net profit surged by 102.20%, reaching Rs 380.76 […]

Industry

DGTR Launches Anti-Dumping Probe On Nylon Yarn Imports

Textile Insights January 6, 2025

India’s Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into the import of nylon filament yarn from China and Vietnam, according to the Trade Remedies Authority of Vietnam. The investigation targets nylon filament yarn under the following Harmonized System (HS) codes: 54021910, 54021990, 54023100, 54023200, 54024500, 54025100,

Industry

MPTMA Proposes Green Zero-Waste PM MITRA Park In Dhar

Textile Insights January 6, 2025

The Madhya Pradesh Textile Mills Association (MPTMA) has urged the government to establish the upcoming PM MITRA Park in Dhar district as a zero-waste generation hub, incorporating renewable energy sources into its framework. The association believes that promoting a green environment within the park could significantly enhance its attractiveness to foreign investors. In a

Industry

AEPC Urges Tax Reforms In Budget 2025 To Boost Garment Exports

Textile Insights January 6, 2025

The Apparel Export Promotion Council (AEPC) has urged the government to introduce critical tax incentives and policy reforms in the upcoming Union Budget 2025 to enhance the competitiveness of India’s garment export sector. In its statement on Saturday, the council highlighted the need for measures to streamline compliance, support manufacturing and reduce operational

Apparel, Fashion, Retail

Lululemon Welcomes PGA Golfer Max Homa as Its Newest Brand Ambassador

Textile Insights January 6, 2025

Lululemon has announced PGA Tour golfer Max Homa as the latest addition to its roster of brand ambassadors. Currently ranked 27th in the official World Golf Ranking, Homa brings both skill and personality to the partnership. A six-time PGA tour winner, he achieved three top-10 finishes in 2024, solidifying his status as one of the […]

Corporates

Gurpreet Bhatia Appointed President & CEO Of Arvind Advanced Materials

Textile Insights January 6, 2025

Arvind Advanced Materials has appointed Gurpreet Bhatia as its new President and CEO. With extensive leadership experience across energy, manufacturing and advanced materials industries, Bhatia brings a wealth of expertise to the role. Bhatia previously served as Managing Director and CEO of Livguard Energy Technology Private Ltd, where he spearheaded innovation and

Corporates

Shiva Texyarn Secures Rs 36.19 Crore Order From Indian Air Force

Textile Insights January 6, 2025

Shiva Texyarn has received a significant order from the Ministry of Defence, Government of India, for the supply of 16,000 pairs of NBC Suit Permeable MK V to the Indian Air Force. The order, valued at Rs 36.19 crore, is set to be delivered between January 3, 2025 and August 31, 2025. This follows an […]

Corporates

Green Tech Accelerator Partners With Taiwanese Startups To Drive Sustainability

Textile Insights January 6, 2025

Green Tech Accelerator is collaborating with innovative Taiwanese startups to advance sustainability in textile recycling, circular packaging and smart driving solutions. By leveraging technology and global markets, the accelerator is helping industries achieve carbon reduction goals and embrace a sustainable future. At the 2024 GITEX Expand North Star, startups like

Cotton

India’s Cotton Output Steady At 302.25 Lakh Bales: CAI

Textile Insights January 6, 2025

The Cotton Association of India (CAI) has released its November 2024 estimate for the ongoing 2024-25 cotton season, which commenced on October 1, 2024. The association has maintained its cotton pressing projection at 302.25 lakh bales of 170 kg each, equivalent to 317.18 lakh running bales of 162 kg each. This estimate, compiled using data […]