Product Launch & Innovation

BAM Launches Circular Any Weather Mac Designed For Long-Term Use

Textile Insights September 16, 2026

BAM has introduced its Any Weather Mac, a lightweight longline outerwear piece designed to combine weather protection, versatility and circularity. The mac features a slightly sporty silhouette with hidden cinching and adjustable cuff details, allowing wearers to customise the fit. Designed for

Corporates

Dhananjay Bauchkar Elevated To VP – Business Development At Indokem

Textile Insights September 16, 2026

Dhananjay Bauchkar has been elevated to Vice President – Business Development at Indokem Limited, where he will focus on strengthening the company’s domestic and international business and driving new growth opportunities. Bauchkar brings more than 17 years of experience across textile dyes, auxiliaries, sales, marketing, technical services and business development.

Corporates

Trent’s Zudio Crosses 1,000-Store Milestone In India

Textile Insights September 16, 2026

Trent’s value-fashion brand Zudio has crossed the 1,000-store milestone in India, marking a major expansion nearly a decade after its launch in 2016. The brand now operates across more than 300 cities and has served over 100 million customers, reinforcing the growing demand for organised value-fashion retail beyond India’s major metropolitan markets. Zudio had 963 […]

Corporates

Greenwave Circularity Secures US$ 31.5M For Odisha PET Recycling Plant

Textile Insights September 16, 2026

Greenwave Circularity has secured a US$31.5 million loan from Austria’s Development Bank (OeEB) to develop a PET recycling facility in Odisha with an annual processing capacity of 42,000 tonnes of plastic waste. The financing is backed by a 60% guarantee from the European Union’s European Fund for Sustainable Development Plus (EFSD+) and the Austrian Ministry […]

Industry

Government Orders Recovery Of Rs 2,979 Crore TUFS Subsidy From 3,858 Units

Textile Insights September 16, 2026

Banks failed to upload mandatory documents despite seven opportunities; another Rs 1,388 crore subsidy to be withheld The Ministry of Textiles has moved towards recovering subsidies disbursed under the erstwhile Technology Upgradation Fund Scheme (TUFS), ordering recovery of Rs 2,979 crore, along with applicable interest, from 3,858 textile units whose required

Economy

No Proposal For Common BRICS Currency, Says Govt

Textile Insights September 15, 2026

BRICS countries are not considering any proposal to introduce a common currency, the government said on Saturday, amid growing speculation over efforts by the grouping to reduce dependence on the US dollar. “There is no proposal in the BRICS for a BRICS currency, as of now,” Sudhakar Dalela, Secretary (Economic Relations) in the Ministry of […]

Cotton

Textile Industry Seeks Six-Month Extension Of Duty-Free Cotton Imports

Textile Insights September 15, 2026

India’s textile industry has urged the government to extend the duty-free import window for raw cotton by another six months beyond October 31, citing a sharp rise in yarn prices and concerns over cotton availability. The government had waived the 11 percent import duty on raw cotton from June to October 31 to improve domestic […]

Trade & Market

India-Russia Trade Needs Rebalancing To Reach US$ 100 Billion Target: Goyal

Textile Insights September 15, 2026

Commerce Minister Piyush Goyal has called for a rebalancing of India-Russia trade as the two countries aim to increase bilateral trade to US$ 100 billion by 2030 from around US$ 60 billion currently. Speaking at the India-Russia Business Dialogue 2026 in New Delhi on Thursday, Goyal said greater diversification of trade would be critical to […]

Trade & Market

UK Trade Pact To Open New Opportunities For Haryana Textiles, Footwear, Gems

Textile Insights September 15, 2026

The India-UK Comprehensive Economic and Trade Agreement (CETA) is expected to create fresh opportunities for Haryana’s textile, footwear, gems and jewellery and engineering sectors, while providing the state’s MSMEs and startups greater access to the UK market, Haryana chief minister Nayab Singh Saini said on Monday. Addressing the ‘Haryana-UK CETA Trade Bridge: Unlocking

Trade & Market

China Ready To Address Trade Concerns With India

Textile Insights September 15, 2026

China has said it is ready to work with India to address each other’s economic and trade concerns in a balanced manner, signalling a possible push towards greater cooperation in bilateral commerce. The statement came a day after Chinese Commerce Minister Wang Wentao met Commerce and Industry Minister Piyush Goyal to discuss India-China trade and […]