Sustainability

EU Sustainability Rules Push Vietnam’s Textile Industry Towards Green Transition

Textile Insights May 21, 2026

Vietnam’s textile and apparel industry is accelerating its shift towards sustainable manufacturing as tightening environmental regulations in the European Union reshape export requirements for global suppliers. With the EU remaining one of Vietnam’s largest export markets, textile and footwear

Economy

World Bank Sees Vietnam GDP Growth At 6.8% In 2026

Textile Insights May 21, 2026

Vietnam’s economy is expected to maintain strong growth momentum in 2026 despite increasing global uncertainties, supported by resilient exports, investment activity and ongoing structural reforms, according to the latest economic update released by the World Bank. The World Bank projected Vietnam’s GDP growth at 6.8% in 2026 following an estimated expansion of 8% in 2025,

Event

Ministry Of Textiles Hosts Seminar On New Age Fibres

Textile Insights May 20, 2026

Ministry of Textiles organized a national seminar on New Age Fibres – Innovation, Research and the Road Ahead in New Delhi, bringing together policymakers, industry leaders, researchers, startups and academia to discuss the future of sustainable fibres in India’s textile sector. The seminar was inaugurated by Giriraj Singh, who highlighted the strategic importance of

Sustainability

ReThinking Polyester Recycling In India: Why Chemical Recycling Needs A New Approach

Textile Insights May 20, 2026

India’s polyester recycling industry is at a turning point. For years, fibre manufacturers relied heavily on a flexible raw material strategy, blending PET bottle flakes with lower-grade inputs to maintain production. This approach allowed the industry to function efficiently despite inconsistencies in feedstock quality. However, recent shifts in sustainability practices

Technology

Uster Technologies Showcases FiberQ For Recycled Yarn Management

Textile Insights May 20, 2026

Uster Technologies is strengthening its focus on data-driven raw material management with Uster FiberQ, a solution designed to help spinners improve quality consistency, process stability and raw material utilization, particularly for recycled yarn production. Turkish denim manufacturer ORTA Anadolu has adopted the FiberQ system to support its sustainable denim

Machinery

KARL MAYER Launches High-Speed RS 2 Net Machine

Textile Insights May 20, 2026

KARL MAYER has introduced the RS 2 Net, a new Raschel machine designed for high-speed production of shade nets and technical net fabrics. The company claims the machine is currently the fastest net machine on the market, capable of reaching speeds of up to 1,200 stitches per minute depending on pattern configuration and raw material. […]

Financial Results

BSL Reports Steady FY26 Revenue Despite Global Uncertainty

Textile Insights May 20, 2026

BSL Limited reported stable financial performance for FY26 despite continued pressure on the textile industry from weak demand, volatile raw material prices and rising logistics costs. The company posted revenue of ₹657 crore for FY26, marginally lower than ₹667 crore reported in FY25. EBITDA for the year stood at ₹50 crore compared to ₹60 crore […]

Financial Results

Siyaram Q4 PAT Jumps 31% On Strong Festive Demand

Textile Insights May 20, 2026

Siyaram Silk Mills Limited reported a 15 percent year-on-year rise in profit after tax (PAT) to Rs 228 crore for FY26, driven by improved consumer demand, festive and wedding season spending, and steady retail expansion. The company’s total income for FY26 rose 16 per cent YoY to Rs 2,653 crore, while EBITDA increased 17 percent […]

Corporates

Harikanta Overseas Limited Plans SME IPO To Raise Up To Rs 25.63 Crore

Textile Insights May 20, 2026

Harikanta Overseas is set to launch its initial public offering (IPO) on May 20, 2026, with the company aiming to raise up to Rs 25.63 crore through the issue. The IPO comprises 26.70 lakh equity shares with a price band of Rs 91-96 per share. The issue will close on May 22, 2026, and the […]

Financial Results

Sportking India Limited Reports Steady FY26 Growth, Margin Expansion

Textile Insights May 20, 2026

Sportking India reported stable revenue growth and improved profitability for the fourth quarter and full year ended March 31, 2026, supported by stronger operational efficiency and higher yarn realizations. The textile company posted revenue from operations of Rs 636.8 crore in Q4 FY26, up 1.3% year-on-year, while FY26 revenue remained largely stable at Rs 2,495.9 […]