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

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

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 support for clean energy transition as also ensuing fiscal consolidation of […]

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