Trade & Market

India-UK Apparel, Home Textiles Trade Set To Double Under FTA: ICRA

Textile Insights May 20, 2025

India’s apparel and home textiles trade with the UK is expected to double over the next five to six years, driven by the recently concluded Free Trade Agreement (FTA) between the two nations, according to credit rating agency ICRA. The FTA is anticipated to come into effect by calendar year

Textile Park

LJP Chief Chirag Urges PM To Include Bhagalpur In PM MITRA Scheme

Textile Insights May 20, 2025

LJP (RV) chief and Union Minister Chirag Paswan has written to Prime Minister Narendra Modi, urging the government to set up a mega textile park in Bhagalpur, Bihar, under the PM MITRA Yojana. Known as the ‘silk city’ and home to a large population of Muslim weavers, Bhagalpur is famed for its historic silk industry […]

Industry

Import Ban Sparks Rs 2,000 Cr Opportunity For Indian Textiles

Textile Insights May 20, 2025

India’s recent move to restrict garment imports from Bangladesh via land routes is expected to unlock a Rs 1,000-2,000 crore opportunity for the domestic textile sector, even as it temporarily disrupts supply chains of major apparel brands and pushes up prices of key items like T-shirts and denims by 2-3% this winter. The Directorate General […]

Corporates

BWCMA Halts Textile Trade With Turkey, Azerbaijan

Textile Insights May 20, 2025

The Bangalore Wholesale Cloth Merchants Association (BWCMA) has announced an immediate suspension of all textile imports and exports to and from Turkey and Azerbaijan. The decision comes in response to what the association described as the two countries’ recent support for Pakistan following ‘Operation Sindoor’. “This collective action reflects our commitment

Apparel, Fashion, Retail

Kizi Apparels Ltd. Partners With AJIO To Expand Digital Retail Presence

Textile Insights May 20, 2025

Kizi Apparels Ltd., a rising player in India’s fashion apparel industry, has announced its onboarding by AJIO, the digital fashion platform of Reliance Retail. Under this partnership, Kizi will offer its range of garments on AJIO’s e-commerce platform under the brand name KIZI. Launched in April 2016 during Lakmé Fashion Week, AJIO is Reliance Retail’s […]

Corporates

Borana Weaves IPO Opens Today At Rs 205–216 Price Band

Textile Insights May 20, 2025

Surat based textile manufacturer Borana Weaves is set to launch its Initial Public Offering (IPO) of 67,08,000 equity shares with a face value of Rs 10 each, through a 100% book building process. The price band for the issue has been fixed at Rs 205 to Rs 216 per share, translating to 20.50x to 21.60x […]

Corporates

Aditya Birla Fashion Completes Demerger to Create Two Focused Listed Entities

Textile Insights May 19, 2025

Aditya Birla Fashion and Retail Limited (ABFRL) has officially demerged into two separate listed companies to enable sharper focus and drive stronger growth in their respective segments. The newly formed entity, Aditya Birla Lifestyle Brands Limited (ABLBL), has been carved out of ABFRL to cater to a different set of customers with a distinct brand […]

Industry

India Restricts Bangladeshi Garment Imports To Sea Routes Amid Trade Tensions

Textile Insights May 19, 2025

Indian government has restricted the import of readymade garments (RMG) from Bangladesh to two sea ports Kolkata and Nhava Sheva (Mumbai), effective this week. This shift ends the long-standing use of land routes like Petrapole, which previously handled 76% of such shipments. The change is expected to significantly increase transit time and logistics costs, affecting […]

Corporates

HUGO BOSS Appoints Stephan Sturm As Chairman

Textile Insights May 18, 2025

At the Annual General Meeting of HUGO BOSS AG, Stephan Sturm, Andreas Kurali, and Michael Murray were elected to the Supervisory Board, succeeding Hermann Waldemer, Gaetano Marzotto, and Robin J. Stalker. Iris Epple-Righi, Luca Marzotto, and Christina Rosenberg were re-elected. In its follow-up meeting, the board named Stephan Sturm as Chairman, succeeding Hermann

Financial Results

Garware Technical Fibres Reports 13.5% Growth In PAT For FY25

Textile Insights May 18, 2025

Garware Technical Fibres Ltd., a leading manufacturer of technical textiles for domestic and global markets, has reported a 13.5% year-on-year (YoY) increase in consolidated profit before tax (PBT) for FY25. The company’s audited results for the financial year ended March 31, 2025, reflect robust performance across key business verticals, particularly in geosynthetics and