Corporates

AMANN Group To Expand Manufacturing Footprint In Bangladesh

Textile Insights June 1, 2026

German industrial thread manufacturer AMANN Group has announced plans to expand its manufacturing footprint in Bangladesh, reinforcing its long-term commitment to one of the world’s largest apparel sourcing destinations. The development was shared by AMANN Group CEO Markus Nicolaus during a

Corporates

Loop Industries Advances India Recycling Project With Gujarat MoU

Textile Insights June 1, 2026

Loop Industries has signed a memorandum of understanding (MoU) to advance development of its first commercial-scale recycling facility in India, marking a significant step in the company’s global circular polyester expansion strategy. The proposed plant will be located in Gujarat’s Bharuch industrial corridor, a key manufacturing hub offering strong logistics connectivity

Corporates

MAG Solvics, KCG College Sign MoU For Textile Innovation

Textile Insights June 1, 2026

MAG Solvics has signed a Memorandum of Understanding (MoU) with KCG College of Technology, Chennai, to foster innovation, industry-oriented learning, research and technological advancement in the textile and fashion sectors. The MoU was formally signed by Dr. Annie Jacob, Director of KCG College of Technology, and Dhandayuthapani Chidambaram, Managing Director of MAG

Economy

Bangladesh Textile Sector Seeks Tax Cut to 10% And Loan Waivers

Textile Insights June 1, 2026

Bangladesh’s textile industry has sought urgent fiscal relief ahead of the national budget, with the Bangladesh Textile Mills Association (BTMA) proposing a cut in income tax for primary textile mills from 27.5% to 10% until 2030. The association said rising energy costs, supply disruptions, high interest rates and import competition have severely impacted the sector, […]

Policies

Gujarat Textile Sector Flags Election-Linked Production Losses

Textile Insights June 1, 2026

Gujarat’s textile and manufacturing sectors have flagged recurring production disruptions caused by repeated election cycles and migrant worker movement during polling periods, during consultations with the Joint Parliamentary Committee (JPC) reviewing the proposed One Nation, One Election framework. The concerns were raised as part of discussions on the Constitution

Industry

India Invests Rs 1,000 Cr To Strengthen Silk Production

Textile Insights June 1, 2026

India’s Ministry of Textiles has announced an investment of Rs 1,000 crore to strengthen domestic silk production and reduce dependence on imported raw silk, with a target of achieving 44,500 tonnes of raw silk output by FY27. The initiative is aimed at modernising the country’s sericulture value chain while enhancing export competitiveness and supporting nearly […]

Corporates

Rakesh Chadha Appointed Managing Director & CEO Of Arvind Atelier

Textile Insights May 29, 2026

Arvind Limited has appointed Rakesh Chadha as the Managing Director and Chief Executive Officer of Arvind Atelier, the company’s newly launched global sourcing and design platform. Chadha brings over 27 years of international experience across Europe, Asia and the UK, with a proven track record of building high-performance teams and developing resilient supply chains for

Technology

Phoenox Textiles Strengthens Carpet Manufacturing With Advanced Brückner Back-Coating Line

Textile Insights May 29, 2026

UK-based Phoenox Textiles Ltd., has reinforced its commitment to combining manufacturing heritage with technological advancement through a strategic investment in a state-of-the-art carpet back-coating line from German textile machinery specialist Brückner. The move marks a significant milestone for the Huddersfield-headquartered company as it continues to modernise

Industry

North India Heatwave Disrupts Textile Manufacturing, Raises Concerns Over Export Timelines

Textile Insights May 29, 2026

North India’s severe heatwave is emerging as a major operational challenge for the textile industry, disrupting production schedules, straining factory infrastructure and placing fresh pressure on exporters already navigating a complex global business environment. With temperatures touching 47°C across several northern states, the prolonged spell of extreme heat is testing

Corporates

Trident Limited Wins Gold Trophy For Global Exports At TEXPROCIL Awards

Textile Insights May 29, 2026

Trident Limited has been honoured with the Gold Trophy for Global Cotton Textile Exports at the TEXPROCIL Export Awards 2023–24, held on May 25, 2026, in Mumbai. The award was presented at a ceremony attended by the Hon’ble Union Finance Minister, Smt. Nirmala Sitharaman, recognising excellence and outstanding contribution to India’s textile export sector. Commenting […]