Economy

IMF Grants US$ 645 Million To Support Bangladesh’s Economy

Textile Insights December 27, 2024

The International Monetary Fund (IMF) announced on December 26 that it will grant US$ 645 million to support Bangladesh’s economy, which is US$ 105 million less than the US$ 750 million requested by the government to address its current economic challenges. Of the total amount, US$ 426 million

Economy

Bangladesh Requests Policy Shift For Recyclable Plastics Imports

Textile Insights December 27, 2024

Bangladesh’s textile millers have urged the government to allow the import of recyclable plastics and provide adequate support for utilizing plastic flakes and polyester staple fibre (PSF) products, which are produced following proper procedures. Showkat Aziz Russell, president of the Bangladesh Textile Mills Association (BTMA), highlighted that these products could serve

Economy

Better Cotton Extends Agreement With Israel Cotton Board

Textile Insights December 23, 2024

Better Cotton has extended its standard recognition agreement with its strategic partner in Israel, the Israel Cotton Production and Marketing Board (ICB), for another year. The ICB, a farmer-owned cooperative, represents cotton growers across the country. Since 2020, ICB’s Israel Cotton Production Standard System (ICPSS) has been recognised as equivalent to the Better

Economy

‘India’s Continued Growth As A Hub For Flexible Staffing Is Essential To Meet Competitive Demand Of Digital Economy’

Textile Insights December 9, 2024

The Indian Staffing Federation (ISF) has released the Indian IT Staffing – Sectoral & State Employment Trends Report 2024, underscoring significant trends and projections within India’s IT flexi staffing industry.  The report provides an in-depth analysis of trends in IT staffing across various sectors and states, highlighting key advancements and

Economy

US Delegation Urges Labour Reforms In Bangladesh For Economic Growth

Textile Insights December 5, 2024

A high-level US delegation, led by State Department Special Representative Kelly M. Fay Rodriguez and Deputy Undersecretary of the Department of Labor Thea Lee, visited Bangladesh to emphasize the need for labour reforms that strengthen democracy and promote economic prosperity. The delegation, which also included representatives from USAID, major US brands, and global

Economy

Banswara Syntex Reports Strong Growth In Fabric And Garment Segments In Q2

Textile Insights November 12, 2024

Banswara Syntex Ltd reported a mixed performance for Q2 FY25, with total income rising to Rs 345.2 crore, an 8.5% year-on-year increase. The quarter saw notable growth in the fabric and garment divisions, offsetting some challenges in the yarn division. The fabric segment experienced strong demand, particularly in the UK and EU, with revenue growing […]

Economy

Freudenberg Launches New Website For Filtura Filtration Media

Textile Insights November 3, 2024

Freudenberg Performance Materials has unveiled a new website for its Filtura filter media brand, reflecting its commitment to innovative filtration solutions. The redesigned platform offers a user-friendly experience, allowing customers and partners to explore Filtura’s high-performance filtration products across the air, liquid and automotive sectors. The website

Economy

AATCC Foundation Offers Student Research Support Grants

Textile Insights September 25, 2024

The AATCC Foundation is now accepting applications for its Student Research Support Grant Program, offering financial assistance to undergraduate and graduate students working on textile-related projects. Students must submit proposals by October 15, 2024, for funding consideration in January 2025. The application is a simple online form, which includes a project

Economy

Siyaram’s Welcomes Ranbir Kapoor As New Brand Ambassador

Textile Insights September 2, 2024

Siyaram’s, one of India’s leading manufacturers of premium suiting and shirting fabrics and fashion apparel, has announced Bollywood superstar Ranbir Kapoor as its new brand ambassador. This strategic partnership aims to elevate the brand’s appeal among the youth, connecting with a new generation of consumers who seek style, sophistication, and an unparalleled

Economy

BGL Appoints Seth Rosenfield As Managing Director

Textile Insights August 25, 2024

Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, has announced the appointment of Seth Rosenfield as Managing Director. Rosenfield, with over 25 years of experience in information services, business media and marketing technology & services investment banking, will co-lead BGL’s new Technology & Information