Economy

Kenya, Egypt Move To Fast-Track Strategic Economic Partnership

Textile Insights February 23, 2026

Kenya and Egypt have begun implementing a strategic partnership to deepen trade, energy and political cooperation, following talks between Prime Cabinet Secretary Musalia Mudavadi and Egyptian Foreign Minister Badr Abdelatty. The move builds on earlier agreements between President William Ruto

Corporates

FedEx To Invest Rs 2,500 Crore In Automated Cargo Hub At Navi Mumbai Airport

Textile Insights February 23, 2026

US-based logistics major FedEx on Wednesday announced an investment of over Rs 2,500 crore to establish a 300,000 sq ft fully automated cargo hub at the upcoming Navi Mumbai International Airport. The facility will be developed in partnership with Adani Airport Holdings Ltd (AAHL) and is envisioned as a regional consolidation and redistribution hub. It […]

Industry

Textile Sector Attracts Rs 60,000 Crore Investments In 2025

Textile Insights February 23, 2026

India’s textile sector secured investment commitments of over Rs 60,000 crore in 2025, with officials expecting the momentum to carry into 2026, driven by PM MITRA parks, the Production Linked Incentive (PLI) scheme and sustainability-led projects. Under the PM MITRA initiative, committed investments have crossed Rs 14,000 crore, with potential to generate over 38,000

Event

Orange O Tec Launches High-Speed Colorix Position Pro At SITEX 2026

Textile Insights February 23, 2026

Surat witnessed a major leap in digital textile innovation as Orange O Tec unveiled its next-generation Colorix Position Pro for embroidery and jacquard at SITEX 2026. The advanced positioning printing system was formally launched by Rajesh Gandhi, Senior Vice-President of Gujarat Chamber of Commerce and Industry and promoter of Vadilal Industries, along with Nikhil

Economy

Gujarat Raises Textile Sector Outlay To Rs 2755 Crore In FY27 Budget

Textile Insights February 23, 2026

Gujarat has significantly enhanced its financial commitment to the textile sector, raising the allocation under the Development of Textile Industry scheme to Rs 2755 crore (approximately US$ 302.71 million) in the 2026–27 state budget. The move reinforces the state’s strategy to strengthen its leadership in textile manufacturing while boosting exports and MSME

Industry

Ministry of Textiles Holds First Post-Budget Industry Consultation

Textile Insights February 21, 2026

Industry Backs Textile-Centric Budget, TEEM and Tex Eco in Focus The Ministry of Textiles held its first post-budget National Industry Consultation at Vanijya Bhawan, New Delhi on February 19, 2026, bringing together senior officials, industry leaders, financial institutions and stakeholders from across the textile value chain. The meeting focused on implementing two major

Industry

Italian Textile Machinery Orders Fall 36% In Q4 2025

Textile Insights February 20, 2026

Orders for Italian textile machinery manufacturers declined sharply in the fourth quarter of 2025, reflecting a persistently challenging global market environment. According to data released by ACIMIT, total orders in October–December 2025 dropped by 36% compared to the same period in 2024. The contraction impacted both domestic and foreign markets, with orders in Italy

Corporates

Itema America Acquires Palmetto Loom Reed

Textile Insights February 20, 2026

Strategic move strengthens local production and service support for North American weaving industry Itema America, the U.S. subsidiary of Italy-based Itema Group, has acquired Palmetto Loom Reed through an Asset Purchase Agreement. The Greenville, South Carolina-based company is one of the last remaining domestic manufacturers of weaving reeds in the United States. Founded

Technical Textile & Nonwoven

Barmag Showcases High-Performance Yarn Technologies At Techtextil 2026

Textile Insights February 20, 2026

Focus on advanced industrial filament yarn solutions for automotive safety and infrastructure At this year’s Techtextil in Frankfurt (April 21–24), Barmag will present a comprehensive portfolio of solutions for industrial filament yarn production at the VDMA joint stand (Hall 12, C56). The company’s showcase will center on applications designed to enhance safety,

Economy

Zero-Tariff US Deal May Reshape India–Bangladesh Garment Rivalry

Textile Insights February 19, 2026

Union Commerce Minister Piyush Goyal’s indication that India could secure zero-duty access to the US market for garments made from American cotton has triggered concern within Bangladesh’s apparel industry. Under the proposed India–US trade arrangement, Indian textile and garment exporters may receive tariff-free entry into the United States for products manufactured using