Corporates

Dr Ajay Ranka Elected To FGI Managing Committee

Textile Insights May 18, 2026

Ajay Ranka has been appointed as an elected member of the Managing Committee of the Federation of Gujarat Industries (FGI). FGI said Dr Ranka’s extensive experience in innovation and sustainability within the industrial sector is expected to strengthen the organisation’s efforts towards

Financial Results

Fineotex Chemicals Reports Strong Growth In Q4 FY26

Textile Insights May 18, 2026

Fineotex Chemical Ltd reported strong financial performance for Q4 and FY26, driven by business expansion, operational efficiency and growing demand across key markets. For the fourth quarter of FY26, the company recorded a year-on-year sales growth of around 162 per cent, while EBITDA increased by nearly 86 per cent. Profit after tax (PAT) rose by […]

Financial Results

Nitin Spinners Posts 6.7% Revenue Growth In FY26 With Improved EBITDA Margin

Textile Insights May 18, 2026

Nitin Spinners Ltd reported a 6.7 per cent year-on-year increase in revenue for FY26, driven by improved operational efficiency, stronger product mix and stable demand across yarn and fabric segments. The company’s total revenue rose to Rs 3,008 crore in FY26 compared to Rs 2,818 crore in FY25. EBITDA increased 16.9 per cent to Rs […]

Corporates

Vedant Fashions Expands Global Retail Footprint, Reports Steady FY26 Growth

Textile Insights May 18, 2026

Vedant Fashions Ltd, the parent company of ethnic wear brands Manyavar and Mohey, reported steady growth in FY26, supported by expansion across domestic and international markets and improved retail performance. During FY26, the company strengthened its pan-India and global presence, taking its Exclusive Brand Outlet (EBO) area to 1.79 million sq ft across stores in […]

Industry

Textiles Secretary Reviews Infrastructure Progress At Dhar’s PM MITRA Park

Textile Insights May 18, 2026

Textiles Secretary Neelam Shami Rao reviewed the progress of infrastructure development at the PM MITRA Park Dhar during a visit with the NICDC team, stressing the need for timely and quality-driven execution of ongoing works. Officials informed that key water supply and electricity infrastructure projects are nearing completion, while internal development activities such

Industry

Maharashtra Extends Textile Subsidy Registration Deadline

Textile Insights May 18, 2026

Maharashtra government has extended by three months the deadline for textile units to register on the online portal introduced by the state textile commissionerate for availing power subsidy benefits. The earlier six-month registration deadline ended on April 27. However, low participation from textile operators prompted the government to grant additional time for

Industry

Maharashtra Extends Powerloom Registration Deadline Till August 14

Textile Insights May 18, 2026

Powerloom owners across Maharashtra have received a major respite after the state government extended the deadline for mandatory online registration of powerlooms till August 14, ensuring continued access to electricity bill subsidies under the state scheme. The decision was taken at a high-level meeting held at Mantralaya on Thursday in the presence of Maharashtra School

Economy

IMF Warns Iran Conflict Threatens Global Growth

Textile Insights May 16, 2026

The International Monetary Fund (IMF) has warned that escalating disruptions from the ongoing Iran conflict are pushing the global economy closer to an adverse scenario of weaker growth, higher inflation and tighter financial conditions. According to AFP, the IMF said prolonged geopolitical tensions and disruptions to global energy supplies could significantly weaken the

Cotton

AEPC Seeks Zero Duty On Cotton Imports

Textile Insights May 16, 2026

The Apparel Export Promotion Council has urged the central government to reduce import duty on cotton to zero from the current 11 percent, warning that rising raw material costs and tightening domestic supplies are impacting the competitiveness of India’s textile and apparel sector. AEPC Chairman A. Sakthivel led a delegation of industry representatives that met […]

Sustainability

India Defends Textile Recycling Ecosystem Against Global Criticism

Textile Insights May 16, 2026

India’s Ministry of Textiles has defended the country’s textile recycling industry against what it described as misleading portrayals by sections of the international media, asserting that India has built one of the world’s largest textile recovery and recycling ecosystems supported by long-standing reuse and repurposing practices. The ministry said recent foreign media