Corporates

Spinnova Partners With NZ TEX Group To Scale Spinnova Fibre For Denim

Textile Insights June 22, 2026

Spinnova’s long-term woven fabric manufacturing partner, NZ TEX Group, has joined the Spinnova ecosystem to support the scaling of Spinnova fibre, marking a key step toward commercialisation in denim and woven textiles. Based in Bangladesh, NZ TEX Group is a vertically integrated textile

Corporates

Sportking India Commences Solar Power Operations In Punjab

Textile Insights June 22, 2026

Sportking India Ltd., has commenced commercial operations of its solar power project in Punjab with effect from June 18, 2026, marking a key step in its shift toward cleaner and more cost-efficient energy use. The company expects the project to deliver significant operational benefits, including an estimated 12–13 per cent annual reduction in power costs. […]

Industry

India’s Textile PLI Scheme Cuts Import Dependence, Boosts Value-Added Exports

Textile Insights June 22, 2026

India’s Production-Linked Incentive (PLI) scheme for textiles is beginning to reduce dependence on imports of niche textile products while accelerating exports of value-added and technical textiles, according to government data. Launched in September 2021 with an outlay of Rs 10,683 crore (US$ 1.13 billion), the scheme aims to strengthen domestic manufacturing of man-made

Trade & Market

India–Oman CEPA Boosts Duty-Free Apparel Trade

Textile Insights June 22, 2026

The implementation of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is reshaping apparel trade between the two countries by removing import duties on a wide range of textile and garment products, making India a more competitive sourcing destination for GCC fashion brands. Under the agreement, Oman has granted duty-free access to over 98% of tariff […]

Corporates

Eastman Exports Appoints Gayathiri Om To Board Of Directors

Textile Insights June 19, 2026

Eastman Exports has announced the appointment of Gayathiri Om Saravanan as Director to its Board, reinforcing its focus on strengthening leadership and enhancing corporate governance. The company said the appointment aligns with its long-term strategy of building a strong foundation for sustainable growth and creating value for all stakeholders. Her inclusion on the Board

Corporates

Intertek Agrees To Recommended Cash Acquisition By EQT Group

Textile Insights June 19, 2026

Intertek has announced that it has reached an agreement on the terms of a recommended cash acquisition by EQT Group, a leading global investment organisation with over three decades of experience in developing companies across multiple sectors. The company stated that the partnership with EQT comes at a time of growing demand for risk-based quality […]

Industry

Gujarat Clears Rs 1,567 Cr Industrial Incentives, 1,238 Jobs Expected

Textile Insights June 19, 2026

Gujarat has approved incentive assistance for 15 industrial projects with a combined investment of Rs 1,567.18 crore under the Incentive to Industries Scheme of the Industrial Policy 2015. The projects are expected to generate around 1,238 direct employment opportunities. The approvals were granted at a meeting of the committee responsible for issuing Final Eligibility

Sustainability

EU Backs Egypt’s Renewable Energy Expansion With €690 Million Grid Investment

Textile Insights June 19, 2026

The European Union has reinforced its clean energy partnership with Egypt through a €690 million investment package aimed at modernising the country’s electricity transmission network and accelerating the integration of renewable energy into the national grid. The financing package comprises a €600 million loan from the European Investment Bank’s development arm, EIB

Economy

Uzbekistan, Poland Explore Deeper Textile And Apparel Trade Ties

Textile Insights June 19, 2026

Uzbekistan and Poland have taken steps to strengthen cooperation in the textile and apparel sector through a high-level industry roundtable and a series of business-to-business meetings aimed at expanding trade, investment and market access opportunities. The engagements, held during an official visit by representatives of Uzbekistan’s light industry sector to Europe,

Trade & Market

India-US Trade Deal Nearing Completion, Boosting Export Prospects

Textile Insights June 19, 2026

India and the United States are moving closer to finalising a long-awaited trade agreement, with both sides signalling significant progress during high-level discussions held on the sidelines of the G7 Summit in France. The talks focused on strengthening economic cooperation, expanding bilateral trade and resolving outstanding market access issues. Officials indicated that