Economy

India’s Textile Sector Gets 28% Budget Hike

Textile Insights July 25, 2024

India’s textile sector is poised for growth with a 28% increase in the Budget allocation for 2024-25, said Northern India Textiles Mills Association (NITMA) President Sanjay Garg. This significant boost in funding is expected to drive innovation, enhance productivity, and create new

Economy

Indian Union Budget 2024: Key Initiatives To Boost Textile, Leather And MSME Sectors

Textile Insights July 23, 2024

The Indian government has announced several strategic measures in the latest Union Budget, unveiled today by Finance Minister Nirmala Sitharaman. These initiatives aim to enhance the global competitiveness of India’s textile, leather and MSME sectors, which are vital to the country’s economy. Textile And Leather Sector Reduced BCD on MDI for Spandex Yarn: The

Economy

Indorama Ventures Joins Consortium For Sustainable Polyester Fibre

July 14, 2024

Indorama Ventures Public Company Ltd, a global sustainable chemical company, has joined a consortium of seven companies across five countries to establish a supply chain for more sustainable polyester fibre. Renewable and bio-based materials, along with materials produced via carbon capture and utilization (CCU para-xylene), will replace fossil materials in manufacturing

Economy

India Rises To Fourth In 2024 Asia Manufacturing Index

July 7, 2024

India has secured the fourth spot in the recently released Emerging Asia Manufacturing Index (EAMI) 2024 by Dezan Shira & Associates. This comprehensive report evaluates the manufacturing capabilities of eight key Asian economies: China, India, Indonesia, Malaysia, Philippines, Thailand, Vietnam and Bangladesh. The index provides critical insights into the factors

Economy

Bangladesh: An Ideal Investment Destination for Chinese Investors

July 2, 2024

Bangladesh has been reaffirmed as a prime investment destination, being the world’s second-largest garment exporter, said Maj Gen Abul Kalam Mohammad Ziaur Rahman, executive chairman of the Bangladesh Export Processing Zones Authority (Bepza). He made these remarks during a visit from a 13-member Chinese delegation from the Quanzhou Maritime Silk Road Industry and

Economy

Ralph Lauren Reveals Team USA’s Parade Uniforms For Paris 2024 Olympics

June 23, 2024

Ralph Lauren revealed Team USA’s opening and closing ceremony parade uniforms for the Olympic and Paralympic Games Paris 2024, marking the ninth time as an Official Outfitter of Team USA. These uniforms blend sporting elegance with modernity, celebrating classic styles meant to endure for generations while showcasing iconic American style on a global stage. David […]

Economy

ZDHC Publishes Commodity Chemicals Guide For Textile And Leather Manufacturers

June 23, 2024

The Zero Discharge of Hazardous Chemicals (ZDHC) initiative has released a new Commodity Chemicals Guide aimed at supporting textile and leather manufacturers in the responsible procurement of commodity chemicals. The primary objective of this guide is to encourage manufacturers to evaluate their chemical vendors not only on the basis of price and quality but also […]

Economy

Vietnam Advances Green Tech In Textile Industry

June 19, 2024

Five innovative pilot projects showcasing green technologies for Vietnamese textile and garment exporters were unveiled at the ‘For a Sustainable Garment and Textile Industry in Vietnam’ exhibition held in Hanoi on June 17. This event is part of the ‘Green Tech Landing Pad’ initiative, supported by the German government and implemented

Economy

Wacker Chemie AG Opens Modern HQ In Munich’s Werksviertel

June 16, 2024

Wacker Chemie AG unveiled its new Munich headquarters in the Werksviertel District, designed by C.F. Møller, boasting sustainable technologies across its 18,000 square meters. Housing 600 employees over five floors, WACKER House fosters a modern, flexible workspace with open layouts and innovative design elements to spur creativity and collaboration. CEO Christian Hartel

Economy

Bangladesh Has Potential To Become Asian Tiger: US Envoy

Textile Insights May 13, 2024

US Ambassador to Bangladesh Peter Haas has stressed the necessity for Bangladesh to take bold steps in order to prosper as a country, but also added that Bangladesh has potential to become an Asian Tiger. “In order to become prosperous, Bangladesh must then take bold steps to expand economic, political, and legal freedoms for its […]