Industry

Nigerian Senate Pushes For Import Ban To Revive Domestic Textile Industry

Textile Insights June 12, 2026

The Nigerian Senate has called on the Federal Government to consider restricting imports of foreign textile materials as part of a broader strategy to revive the country’s struggling textile sector, strengthen local manufacturing and boost cotton production. The resolution followed the adoption

Industry

Sri Lanka Replaces Textile Import Cess With 18% VAT

Textile Insights June 12, 2026

Sri Lanka’s textile industry is set for a major adjustment in import taxation after the government introduced a new fiscal framework that replaces the existing cess on imported textiles with an 18% Value Added Tax (VAT). The change, which came into effect on April 1, 2026, is part of broader reforms aimed at simplifying the […]

Industry

NCTO Welcomes House NDAA Provisions To Strengthen Berry Amendment Compliance

Textile Insights June 12, 2026

The National Council of Textile Organizations (NCTO) has welcomed the passage of the Fiscal Year 2027 National Defense Authorization Act (NDAA) by the House Armed Services Committee (HASC), citing new provisions designed to strengthen compliance with the Berry Amendment and reinforce domestic textile manufacturing. The House NDAA includes several reporting requirements

Sustainability

SBTi Unveils Corporate Net-Zero Standard V2.0 To Drive Climate Action

Textile Insights June 12, 2026

The Science Based Targets initiative (SBTi) has launched the Corporate Net-Zero Standard Version 2.0, a major update to its flagship framework aimed at helping companies accelerate decarbonization while addressing the practical challenges of achieving net-zero emissions. The revised standard introduces greater flexibility in target-setting, allowing businesses to adopt

Sustainability

lululemon Invests In Renewable Energy Fund To Decarbonize Supply Chain

Textile Insights June 12, 2026

Canadian athletic apparel brand lululemon has invested in a renewable energy fund aimed at accelerating supply chain decarbonization and supporting its 2030 climate targets. The initiative focuses on expanding renewable electricity capacity in China, a key manufacturing hub for the company. Managed by Schroders Capital’s Infrastructure team, the fund invests in late-stage

Corporates

Alok Mishra Appointed Co-Chair Of ASSOCHAM Maharashtra Sustainability Sector

Textile Insights June 12, 2026

ASSOCHAM has appointed Alok Mishra, President and Group Head – Sustainability at Welspun World, as Co-Chair of the Sustainability Sector under its Maharashtra State Council. With over 25 years of experience in sustainability, environment and ESG management across industries including textiles, petrochemicals, pharmaceuticals, steel, infrastructure and agribusiness, Mishra

Corporates

Shree Renga Polyester Advances Sustainable Textiles With PLA Yarn Development

Textile Insights June 12, 2026

Shree Renga Polyester has successfully completed research and development work on Polylactic Acid (PLA)-based yarns, marking a significant milestone in its sustainability journey. The project was undertaken in collaboration with the South India Textile Research Association (SITRA) and received support from the Government of Tamil Nadu through a research grant. PLA is a

Apparel, Fashion, Retail

Banana Club Expands Retail Footprint With 20th Exclusive Store

Textile Insights June 12, 2026

Indian menswear brand Banana Club has strengthened its retail presence with the opening of its 20th exclusive brand outlet (EBO) in Tirupati, Andhra Pradesh. Located on Karakambadi Road, the new store underscores the growing importance of Tier-II cities in driving the next phase of growth for domestic fashion and apparel brands. The expansion reflects a […]

Policies

India-US Interim Trade Deal Edges Closer Despite Tariff Risks

Textile Insights June 11, 2026

India and the United States appear to be closing in on an interim trade agreement following four days of high-level negotiations in New Delhi, bringing the two countries a step closer to deepening economic ties and expanding bilateral trade. The proposed agreement is expected to serve as the first phase of a broader trade framework […]

Policies

India’s FTAs Deliver Gains, But Risks Mount: GTRI

Textile Insights June 11, 2026

India’s expanding network of Free Trade Agreements (FTAs) is delivering broader market access but also creating new challenges, including widening trade deficits, limited utilisation by exporters and increasing pressure on domestic policy-making, according to a recent report by the Global Trade Research Initiative (GTRI). The report notes that FTAs have become a