Corporates

Lenzing AG Appoints Georg Kasperkovitz As Chief Executive Officer

Textile Insights May 29, 2026

Lenzing AG has appointed Georg Kasperkovitz as Chief Executive Officer (CEO) effective June 1, 2026. His mandate will run until May 31, 2029. Kasperkovitz, who has served as Chief Operations Officer (COO) and Member of the Management Board since June 2025, will assume the CEO role in addition

Event

Turkmenistan: Italian Textile Machinery Targets High-Tech Specialisation

Textile Insights May 29, 2026

The Italian textile machinery industry is set to strengthen its presence in the Turkmen market with a strong Made in Italy delegation participating in TURKMEN TEXTILE EXPO 2026, scheduled to be held in Ashgabat from June 4–6, 2026. The Italian participation, coordinated by the Italian Trade Agency (ICE) and ACIMIT, aims to reinforce Italy’s technological […]

Corporates

Carbonfact Acquires Vaayu To Create Fashion’s Largest Environmental Data Platform

Textile Insights May 29, 2026

Carbonfact has acquired Vaayu, bringing together two of fashion’s leading environmental sustainability platforms to create the industry’s most comprehensive product-level environmental dataset. The acquisition combines Carbonfact’s environmental data platform, trusted by more than 200 apparel and footwear brands, with Vaayu’s product impact expertise and customer network

Corporates

GC And Toray Develop 100% Bio-Based Nylon 6,6 Technology

Textile Insights May 29, 2026

PTT Global Chemical Public Company Limited (GC) and Toray Industries have successfully established a first-of-its-kind manufacturing technology for 100% bio-based nylon 6,6, marking a significant step toward sustainable material innovation. The breakthrough technology enables the production of bio-based adipic acid through the fermentation of bio-muconic acid derived from

Corporates

MAS Italy Partners With Orange O Tec To Strengthen Support In India

Textile Insights May 28, 2026

MAS Italy has entered into a strategic partnership with Orange O Tec to enhance support for India’s digital textile printing industry. The collaboration combines MAS Italy’s expertise in digital textile printing with Orange O Tec’s strong service network, skilled technical team, and extensive spare parts availability across India. Built on a shared customer-first vision,

Cotton

CPI Opposes Cotton Import Duty Removal, Warns Of Severe Impact On Farmers

Textile Insights May 27, 2026

The Communist Party of India has strongly opposed the Centre’s reported move to remove the 11 percent import duty on cotton, warning that such a decision could severely impact domestic cotton farmers and deepen the agrarian crisis. CPI State Secretary G. Eswaraiah has urged Andhra Pradesh Chief Minister N. Chandrababu Naidu to intervene and press […]

Export

India Targets US$ 100 Billion Textile Exports By 2030, Pushes For Global Leadership

Textile Insights May 27, 2026

India has set an ambitious target of achieving US$ 100 billion in textile exports and USD 250 billion in textile production by 2030, with Union Finance Minister Nirmala Sitharaman calling for stronger integration across the textile value chain to position the country as a global textile powerhouse. Addressing the TEXPROCIL Export Awards 2023–24 in Mumbai, […]

Economy

Hong Kong’s Economic Recovery Still Incomplete Amid Global Headwinds: IMF

Textile Insights May 27, 2026

Hong Kong’s economic recovery remains incomplete despite steady progress, with growth still below pre-pandemic levels as external and domestic challenges continue to weigh on the economy, according to the latest assessment by the International Monetary Fund. Following its Article IV Consultation for Hong Kong, the IMF said that while the city has further strengthened its

Trade & Market

India-US Trade Deal Likely Before July 24, Says Commerce Secretary

Textile Insights May 27, 2026

India and the United States are likely to conclude their proposed trade agreement before July 24, when the temporary 10 per cent additional global tariffs imposed by the US are set to expire, according to Rajesh Agrawal, Commerce Secretary, Govt. of India. Speaking at an industry event, Agrawal said negotiations between the two countries are […]

Export

India Becomes Sri Lanka’s Second-Largest Export Market

Textile Insights May 27, 2026

India has overtaken the United Kingdom to become Sri Lanka’s second-largest export destination during the January-April 2026 period, according to data released by the Sri Lanka Export Development Board. Exports to India rose 8.9 percent to US$ 364.15 million during the four-month period, strengthening bilateral trade ties. However, shipments to India recorded a marginal