Economy

Boosting Bihar’s Economy: New Export Promotion Policy Unveiled

March 17, 2024

In a bid to bolster its economic growth and enhance its contribution to India’s export sector, the Government of Bihar has unveiled the Bihar Export Promotion Policy 2024. This comprehensive policy aims to harness the state’s untapped potential and provide a conducive environment

Economy

Archroma Introduces State-Of-The Art Wet Fastness Improver

Textile Insights March 11, 2024

Archroma has developed a new wet-fastness improver that helps brands and mills produce durable clothing, towels, linens and other textile products with long-lasting colours without compromising on quality or introducing hazardous chemicals. Albafix Eco Plus is a next-generation fixing agent that delivers the strongest possible wet-fastness for all reactive dyes on cotton

Economy

Domestic T&A Industry Likely To Turn Around On Global Demand Revival

March 10, 2024

The last ITMF Global Textile Industry Survey (GTIS) was conducted in January 2024. It revealed a significant improvement in the business climate, signaling a potential turning point driven by lower inflation rates, increased real wages and consumer sentiment in the USA, alongside expectations of interest rate cuts. Business expectations for July 2024 reached a peak […]

Economy

Indian Textile Sector To Attract Investments Of Rs 95,000cr

Textile Insights February 24, 2024

“India’s textile industry is anticipated to attract Rs 95,000 crore investment in the following four to six years, and generate over 2.25 million additional jobs,” Union Textiles Secretary Rachna Shah said. “This will primarily be due to the production-linked incentive (PLI) scheme and the proposed seven PM Mega Integrated Textile Regions and Apparel (PM MITRA) […]

Economy

250 Exhibitors Participating At Intertextile Home Textiles

Textile Insights February 16, 2024

Over 250 exhibitors from seven countries and regions have booked their booths for the Spring Edition of Intertextile Shanghai Home Textiles taking place from March 6-8 in Shanghai. “Synchronising with China’s peak sourcing season, the upcoming show will cater to the diverse needs of buyers seeking the newest solutions to spring the home textiles industry […]

Economy

Pakistan Textile Sector Faces Risk Of 50% Closures: APTMA

Textile Insights February 16, 2024

The Pakistan textile industry faces risk of closure of 50 percent of companies due to soaring energy prices. “Urgent government action is needed to address the crisis and safeguard the sector’s competitiveness, employment, and economic stability,” the All Pakistan Textiles Mills Association (APTMA) said. APTMA added that escalating energy prices threaten survival of

Economy

Birla Cellulose Showcasing Sustainability Efforts At Bharat Tex

Textile Insights February 16, 2024

Birla Cellulose will showcase their unwavering commitment to the global textile industry and sustainability initiatives at Bharat Tex 2024 in Hall 1, Stall G003 at Bharat Mandapam. According to a Birla Cellulose press release, this participation underscores its dedication to fostering innovation, collaboration, and sustainable practices within the textile sector. Birla

Economy

Bharat Tex 2024 To See Confluence Of Handlooms & Handicrafts

Textile Insights February 13, 2024

Bharat Tex 2024, India’s premier global textile event, is set to witness a grand confluence of iconic handloom and handicraft traditions from Gujarat, Maharashtra, Telangana, Uttar Pradesh, and Madhya Pradesh. These five Indian states are set to captivate the spotlight as they present a shared narrative of artistic excellence, featuring handloom craftsmanship, and

Economy

Trident Exhibits At Market Week With Theme Of ‘Passage To India’

Textile Insights February 9, 2024

Trident Group displayed its bed and bath home textile collections under the theme ‘Passage to India’ at the ongoing Market Week in New York, USA. Inspired by the rich heritage and culture of India, this collection is a specially curated platter of distinctively unique and alluring designs comprising the best of both worlds, bed & […]

Economy

Global Trade Gets Boost From China-Pakistan Textile Summit

January 10, 2024

The China-Pakistan Textile and Apparel Executive Summit and Business Meetings took place last week in Kunshan, Jiangsu province, drawing over 100 representatives from the Chinese and Pakistani governments, trade associations and textile enterprises. Deputy Mayor Zhang Feng, in his opening address, underscored the significance of 2023, marking the 10th anniversary of the