Economy

Lux Industries Incorporates Wholly Owned Subsidiary Lux Global

Textile Insights May 20, 2026

Lux Industries has incorporated a wholly owned subsidiary, Lux Global Limited, in West Bengal as part of its ongoing business restructuring process linked to the proposed demerger of its Vertical C business. The company said the new entity was incorporated on May 18, 2026 and will engage in the

Economy

IMF Warns Iran Conflict Threatens Global Growth

Textile Insights May 16, 2026

The International Monetary Fund (IMF) has warned that escalating disruptions from the ongoing Iran conflict are pushing the global economy closer to an adverse scenario of weaker growth, higher inflation and tighter financial conditions. According to AFP, the IMF said prolonged geopolitical tensions and disruptions to global energy supplies could significantly weaken the

Economy

Tipping The Scale: How Mass Balance Is Rewiring Textile Recycling

Textile Insights May 10, 2026

The textile industry is standing at a turning point. Built on speed, scale and global integration, it has delivered growth which few sectors can claim, but at a cost that is now impossible to ignore. Every year, an estimated 90 to 110 million tonnes of textile waste is either landfilled or incinerated, exposing a system […]

Economy

Government To Clear FDI Proposals Within 12 Weeks Under New SOP

Textile Insights May 10, 2026

The government has revised its Standard Operating Procedure (SOP) for processing foreign direct investment (FDI) proposals, setting a maximum clearance timeline of 12 weeks to speed up approvals and improve ease of doing business. Under the updated framework, all FDI applications will be decided within 12 weeks, excluding the time taken by applicants to rectify […]

Economy

Cabinet Clears ECLGS 5.0 To Ease Liquidity Amid West Asia Crisis

Textile Insights May 6, 2026

The Union Cabinet has approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to support businesses facing short-term liquidity pressures arising from the ongoing West Asia crisis. The scheme extends credit guarantee coverage to eligible borrowers, including MSMEs, larger enterprises with existing working capital limits, and scheduled passenger airlines. To

Economy

India Sees Strong Surge In FDI Commitments In 2025

Textile Insights May 6, 2026

India is witnessing a significant surge in foreign direct investment (FDI) commitments in 2025, reflecting growing global confidence in the country as a manufacturing and sourcing hub. While investments span multiple sectors, the trend is expected to have a positive spillover on the textile and apparel industry. A large share of the committed investments is […]

Economy

Vietnam FDI Surges To US$ 18.2 Bn In Early 2026

Textile Insights May 6, 2026

Vietnam recorded strong foreign investment inflows in the first four months of 2026, with total registered foreign direct investment (FDI) reaching US$ 18.24 billion, marking a sharp 32% increase year-on-year. Data from the National Statistics Office under the Ministry of Finance shows that realised FDI stood at US$ 7.40 billion during the January–April period, rising […]

Economy

Moody’s: India Better Placed To Withstand Future Global Shocks

Textile Insights May 6, 2026

India has emerged as one of the most resilient large emerging market economies since 2020 and is well positioned to navigate future global disruptions, according to Moody’s Ratings. In its latest report on emerging markets, the agency highlighted that India’s strong foreign exchange reserves, stable policy framework, and deep domestic capital markets have helped it

Economy

ICE Cotton Gains On Weak Dollar, Weather Concerns

Textile Insights April 29, 2026

ICE cotton futures extended gains, supported by a weaker US dollar and ongoing drought concerns in West Texas, a key growing region. The most active July 2026 contract settled at 79.36 cents per pound, up 0.22 cent. A softer dollar, down 0.2 percent, made US cotton more attractive to global buyers, lending support to prices. […]

Economy

Bangladesh, Ethiopia Boost Economic Ties

Textile Insights April 24, 2026

Bangladesh and Ethiopia have moved to strengthen bilateral ties, signalling a renewed push toward deeper economic and investment cooperation. During an official visit to Addis Ababa, Bangladesh’s Foreign Minister Dr Khalilur Rahman held talks with his Ethiopian counterpart, Gedion Timothewos, where both sides reviewed existing relations and explored new avenues of