Export

Revitalizing Indian Textile Exports With Government Initiatives

December 12, 2023

Indian textile small and medium enterprises (SMEs) capitalize on the nation’s rich pool of raw materials and abundant resources. While globalization has opened up new international avenues, persistent challenges have hindered growth. India faces formidable competition from countries like

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India Eyes 75% Jump In MMF Textile Exports To US$ 11.4 Bn By 2030

December 12, 2023

The Indian textile industry expects India’s exports of man-made fibre (MMF) textiles to increase by 75% to reach US$ 11.4 billion in 2030, up from approximately US$ 6.5 billion in 2021-22. This growth is attributed to the Production Linked Incentive (PLI) scheme and Free Trade Agreements with the UAE and Australia. As the world’s second-largest […]

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US Imports Of Cotton Garments Decline At Higher Rate In Q3

Textile Insights December 11, 2023

In the months between July and September 2023, there was a decline in US imports of garments. However the drop in imports of cotton was higher than in manmade fibre apparels. In the third quarter of ongoing year, US clothing imports fell 16.46 percent as against same quarter of earlier year. However, the decrease in […]

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Primark Places Orders Worth Rs 2,000 Crore With Tiruppur Exporters

Textile Insights December 9, 2023

UK headquartered fashion, home décor and beauty products retailer Primark, has orders worth Rs 2,000 crore in the pipeline which it has placed with the Tiruppur textile and garment cluster. This was revealed by Tiruppur Exporters Association (TEA) after a meeting with an environment social governance team from Primark. TEA added that Primark has been […]

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Several Challenges For Garment Export Sector – Bangladesh Bank

Textile Insights December 6, 2023

The Bangladesh Bank’s (BB) latest quarterly review on the garment sector informs that Bangladesh garment exports may face various challenges in the next few months of the current fiscal year. The central bank of Bangladesh attributed the challenges to global economic volatility, high inflation, uncertainties over the geo-economic landscape and low productivity. “Reducing

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Bangladesh Clothing Overseas Shipments Drop 6.05% In November

Textile Insights December 5, 2023

Bangladeshi apparel exports fell to US $4.78 billion in November 2023, decreasing by 6.05 percent year on year and garment shipments were the highest in the month, since the fiscal began in July 2023. “Exports of clothing dropped to $22.3 billion in the five months to November of fiscal 2024, down 1.82 percent from a […]

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Indian Cotton Yarn Exports Increase Explosively In September

Textile Insights December 5, 2023

India’s exports of cotton yarn in September 2023 totaled 103,100 tons by volume, growing by a massive 293.11 percent year over year, but declining 11.12 percent over its previous month. In the same month, China dropped down to second position among exports of Indian cotton yarn, when it reached 24,328 tons, a leap of 1,836.13 […]

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2024 Vietnamese Textile & Garment Export Target Set At $40bn

Textile Insights December 1, 2023

The Vietnamese textile and garment industry has set a target of exporting textiles and apparels amounting to US $44 billion for the next year. This was informed by Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS) at a press conference. This ambitious target has been set in the background of textile […]

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Indian Cotton Yarn Exports Surge 293% YoY In September

November 29, 2023

China Slips to Second Place in Indian Cotton Yarn Market, Bangladesh Claims Top Spot In September 2023, the export dynamics of Indian cotton yarn (HS 5205) witnessed notable shifts. The total export volume reached 103,100 tons, marking a significant year-on-year surge of 293.11%, despite a month-on-month decline of 11.12%. China, traditionally a dominant market, slipped

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MAS Holdings Bags 16 Sri Lankan Presidential Exports Awards

Textile Insights November 28, 2023

MAS Holdings, one of the biggest Sri Lankan apparel and accessories exporter along with its subsidiaries bagged 16 Presidential Exports Awards for 2021-22 and 2022-23 in recognition of its contribution to the export sector. MAS Active in addition to the two overall exporter awards for both years, winning the Overall Market Diversified Exporter of the […]