Economy

T&A Sector Has To Redeem Itself With Macro-Economic Budgetary Offerings

Textile Insights August 10, 2024

Even as the Union Budget 2024 has not been able to live up to the textile and apparel sector’s expectations in terms of direct benefits, the other macro-economic measures proposed by the Union Finance Minister to boost employment, skilling, infrastructure, start-up ecosystem, MSMEs, financial

Economy

Burkina Faso Explores Cotton In Tirupur

Textile Insights July 29, 2024

A delegation of 14 entrepreneurs from Burkina Faso visited the Tiruppur Exporters’ Association (TEA), facilitated by Gherzi Consulting, New Delhi, to seek guidance on converting their locally grown cotton into garments and adding value to their textile industry. The delegation was received by the Association’s President, K.M. Subramanian, General Secretary N.

Economy

ICT Mumbai And Evonik Collaborate For Academic Innovation

Textile Insights July 28, 2024

ICT Mumbai has announced its signing of a Memorandum of Understanding (MoU) with Evonik under their “Grow Beyond Yourself” initiative. This collaboration was made with the ongoing efforts to enhance educational and research opportunities for students and faculty. As part of the partnership, Evonik will sponsor innovative research projects, fostering innovation

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 opportunities for the textile industry. The increased investment underscores the

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 […]