Economy

Behshad Behzadi Appointed as Sportradar’s CTO and CAIO

May 5, 2024

Sportradar Group AG has announced the appointment of Behshad Behzadi as Chief Technology Officer and Chief Artificial Intelligence Officer (CTO and CAIO), effective May 1, 2024. In his new role, Behzadi will be based at Sportradar’s headquarters in Switzerland, reporting directly to CEO Carsten

Economy

Visitor Numbers Increase 29% At Techtextil And Texprocess

Textile Insights April 27, 2024

The recently concluded Techtextil and Texprocess witnessed visits from 38,000 buyers from 102 countries, up 29 percent over the previous edition. The two exhibitions also saw participation of 1,700 exhibitors from 53 countries and the density of forward-looking textile solutions that are transforming the industry was particularly noticeable. “The top visitor nations were

Economy

Avient Introduces ‘Wilflex Revive’ Sustainable Plastisol Inks For Screen Printing

April 23, 2024

Avient Corporation, a leading provider of specialized and sustainable materials solutions and services, has officially launched Wilflex Revive bio plastisol inks for the screen printing industry. With a bio-derived content ranging from 50-59%, Wilflex Revive inks are designed to help screen printers meet their sustainability targets while maintaining the same ease of use

Apparel, Fashion, Retail Economy

Bangladesh Seeks Duty Free Access For Garment Exports To US

Textile Insights April 22, 2024

Amongst various demands, the Bangladesh government has urged the US to provide quota free as well as duty free access to Bangladeshi apparels manufactured from US cotton. The demands were made at a US-Bangladesh TICFA Intercessional Meeting held at the office of the Bangladeshi Ministry of Commerce. While briefing journalists after the meeting, Senior Commerce […]

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 for businesses to thrive, thereby attracting both domestic and international

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