Economy

Welspun Living Posts Strongest Growth In Seven Quarters, Revenue Jumps 23.5%

Textile Insights August 14, 2026

Welspun Living Ltd. (WLL) reported its strongest quarterly growth in seven quarters, driven by robust export demand, strong domestic performance and improving profitability across key business segments. For the quarter ended June 30, 2026, the home textiles major reported revenue of ₹2,828

Economy

DITF Develops Smart Textiles That Change Shape With Temperature

Textile Insights August 9, 2026

Researchers at the German Institutes of Textile and Fiber Research Denkendorf, in collaboration with the Fraunhofer Institute for Applied Polymer Research, have developed smart textile yarns capable of reversibly changing shape in response to temperature, paving the way for energy-efficient textile actuators. The innovation is based on thermoplastic two-way shape-memory

Economy

India Targets 10% Share Of Global Merchandise Exports By 2047: WTO

Textile Insights July 23, 2026

India aims to increase its share of global merchandise exports from around 1.8 per cent in 2024 to nearly 10 per cent by 2047, as part of its long-term Viksit Bharat development vision, according to a World Trade Organisation (WTO) report. The WTO said India has maintained various duty exemption, remission and rebate schemes to […]

Economy

China Becomes Major Trading Partner For Over 160 Countries And Regions

Textile Insights July 23, 2026

China has emerged as a major trading partner for more than 160 countries and regions, with the country continuing to diversify its import sources to meet growing consumer demand, according to a senior customs official. During the 15th Five-Year Plan period, covering 2026 to 2030, China will continue expanding imports while improving the efficiency of […]

Economy

Shanghai Rises To Second In Global Shipping Centre Index

Textile Insights July 21, 2026

Shanghai has moved up to second place among the world’s leading international shipping centres in the 2026 Xinhua-Baltic International Shipping Centre Development Index (ISCDI), overtaking London and ranking behind Singapore. The ranking marks Shanghai’s highest position since the index was launched in 2014. For textile exporters, apparel manufacturers, importers and

Economy

RSWM Unveils Sutradhaar At Bharat Tex 2026

Textile Insights July 14, 2026

RSWM Ltd., the flagship company of the LNJ Bhilwara Group, has unveiled ‘Sutradhaar – The Thread That Connects Tradition to Tomorrow’ at Bharat Tex 2026, presenting its integrated Farm-to-Fashion capabilities and reinforcing its commitment to sustainable, innovation-driven textile manufacturing. The pavilion was visited by Union Minister of Textiles Shri

Economy

Bangladesh’s Budget For FY2026-27 Provides Policy Stability For RMG Sector

Textile Insights July 6, 2026

Bangladesh’s FY2026-27 Budget has provided short-term policy stability for the country’s ready-made garment (RMG) industry, but industry stakeholders say further reforms will be needed to strengthen long-term competitiveness as the sector prepares for eventual graduation from Least Developed Country (LDC) status. The BDT 9.38 lakh crore budget retains the 12%

Economy

India Becomes Italy’s Largest Textile Machinery Export Market

Textile Insights July 6, 2026

India has overtaken China to become the largest export market for Italy’s textile machinery industry, highlighting the country’s growing importance in global textile manufacturing. According to ACIMIT, the Association of Italian Textile Machinery Manufacturers, the shift reflects a long-term change in global demand as Asia continues to strengthen its position

Economy

IMF Retains India’s FY27 Growth Forecast At 6.5%

Textile Insights June 26, 2026

The International Monetary Fund (IMF) has reaffirmed its 6.5% growth forecast for India for FY2026-27, citing the country’s resilient economic performance despite geopolitical tensions in the Middle East and elevated global energy prices. The IMF said India continues to be a key contributor to global economic growth, supported by strong domestic demand and sustained

Economy

Kraig Biocraft Highlights Commercial Scaling And Future Potential Of Spider Silk

Textile Insights June 22, 2026

Kraig Biocraft Laboratories Founder and CEO Kim Thompson has outlined the company’s progress in scaling recombinant spider silk production, focusing on commercial readiness, technological advantages and long-term industry applications. The company is advancing its proprietary platform using genetically engineered silkworms to produce recombinant spider silk fibres,