Tete-A-Tete

Stäubli Positions Itself As Long Term Automation Partner, Not Just A Machine Supplier: Summer Hsia

Textile Insights May 10, 2026

In 2026, the global textile machinery market is expected to continue evolving toward higher automation, digital integration and efficiency‑driven investments, avers Summer Hsia in this exclusive tete-e-tete with Textile Insights What are the latest innovations from Stäubli’s Textile Division

Trade & Market

India, Vietnam Set US$ 25 Billion Trade Target By 2030

Textile Insights May 10, 2026

India and Vietnam have agreed to significantly deepen economic and strategic ties, setting a bilateral trade target of US$ 25 billion by 2030 alongside an upgrade of relations to an Enhanced Comprehensive Strategic Partnership. The agreement was reached in New Delhi during the state visit of Vietnamese President To Lam from May 5-7, marking a […]

Trade & Market

Türkiye And Lithuania Sign MoU To Boost Trade And Investment Ties

Textile Insights May 10, 2026

Türkiye and Lithuania have agreed to deepen economic cooperation with the signing of a Memorandum of Understanding (MoU) between the Foreign Economic Relations Board of Türkiye (DEIK) and the Association of Lithuanian Chambers of Commerce, Industry and Crafts (ALCCIC), Turkish Trade Minister Ömer Bolat announced on X. The agreement was signed alongside a broader bilateral

Cotton

Brazil Cotton Prices Rise To Multi-Month High On Strong Global Demand

Textile Insights May 10, 2026

Cotton prices in Brazil have climbed to their highest nominal level since late July 2025, supported by firmer global prices, limited seller participation, and rising crude oil values, according to the latest update from the Center for Advanced Studies on Applied Economics (CEPEA). The CEPEA/ESALQ cotton index (eight-day payment) reflects tightening market conditions during

Trade & Market

EU Customs Crackdown Seizes Textile Shipments Diverted To Grey Market

Textile Insights May 10, 2026

The European Anti-Fraud Office (OLAF), in coordination with Polish and Spanish customs authorities, has seized multiple containers of textiles suspected of being illegally diverted into the European Union’s grey market instead of being exported to Africa as declared. The operation targeted trade flows originating from China and routed through a rail corridor entering the

Industry

Textile Manufacturing Stable Despite Cost Pressures: FICCI Survey

Textile Insights May 10, 2026

India’s textile, apparel and technical textiles sector continues to show steady growth momentum despite rising input costs, according to the latest Manufacturing Survey by the Federation of Indian Chambers of Commerce & Industry (FICCI). The 69th edition of the survey highlights that around 76.4% of textile manufacturers reported stable or higher capacity utilisation,

Trade & Market

India, South Korea To Review CEPA On May 25

Textile Insights May 10, 2026

India and South Korea will hold official negotiations on May 25 to review their Comprehensive Economic Partnership Agreement (CEPA), which has been in force since January 2010, an official said. The discussions come amid India’s push for a more modern and balanced trade framework, with New Delhi proposing a fresh bilateral trade agreement to address […]

Economy

Government To Clear FDI Proposals Within 12 Weeks Under New SOP

Textile Insights May 10, 2026

The government has revised its Standard Operating Procedure (SOP) for processing foreign direct investment (FDI) proposals, setting a maximum clearance timeline of 12 weeks to speed up approvals and improve ease of doing business. Under the updated framework, all FDI applications will be decided within 12 weeks, excluding the time taken by applicants to rectify […]

Industry

Strait Of Hormuz Reopening Eases Global Energy Supply Concerns

Textile Insights May 10, 2026

A potential breakthrough in the Strait of Hormuz dispute has raised hopes of easing global energy market pressures after weeks of disruption in one of the world’s most critical shipping routes. According to regional media reports, including Al Arabiya, a tentative agreement has been reached to restore maritime movement through the Strait, following a period […]

Industry

Nigerian Senate Pushes For Revival Of Textile Industry In Kaduna–Kano Corridor

Textile Insights May 10, 2026

The Nigerian Senate has called on the Federal Government to urgently revive the country’s struggling textile industry, with a special focus on the historic Kaduna–Kano industrial belt. The appeal followed a motion moved by Senator Katung Sanday Marshall of Kaduna South, and co-sponsored by five other lawmakers, highlighting the steep decline of a sector that […]