Textile mills and garment factories in Tamil Nadu, which were hit by a steep drop in orders since the last two years, are now facing a new challenge which is shortage of workers. With indications of revival of orders, the factories are slowly increasing production and hence are in need of more
The Textile Machinery Manufacturers’ Association’s (TMMA) first Vice Chairman, Prashant Mangukia of Yamuna Machine Works, participated in a prestigious CEO Roundtable conference hosted by ASSOCHAM (The Associated Chambers of Commerce and Industry of India). The event, titled “India’s Century Vision for the Manufacturing Sector,” took place on May
The rise of artificial intelligence (AI) is poised to transform the textile industry, especially benefiting India’s micro, small, and medium enterprises (MSMEs), according to Sharad Tandon, CEO of Standon Consulting. In a recent online session on “Opportunities & Threats AI poses for MSME textile units” held by the Textile Association of India. Mumbai unit,
Garment manufacturers from Bangladeshi pay up to 645 percent more than the official fees for renewal of licences or secure essential permits. The 645 percent higher charges are ‘undocumented payments’, a study by the Centre for Policy Dialogue (CPD) said. Quoting data from an exporter, the study informed that the company paid 645 percent higher […]
Investment from Chinese investors is the backbone and driving growth and development of Ethiopian textile and garment industry. This was stated by Aklilu Tadesse, CEO of the Ethiopian Industrial Parks Development Corporation (IPDC). He said this during discussions between IPDC officials and the Ethiopian Investment Commission with potential Chinese investors who are
The Confederation of Indian Textile Industry (CITI) is gearing up for a future that envisions a thriving textile sector till 2047, which also marks ‘New India’s’ fulfillment of aspirations. “The textile industry is crafting an action plan not just for the immediate future but for the long haul till 2047,” CITI Chairman Rakesh Mehra said. […]
Global solar and wind energy now account for 30 percent of overall worldwide electricity generation, according to a report by global energy think tank Ember. Since 2000, renewables have expanded from 19 percent to more than 30 percent of global electricity, driven by an increase in solar and wind from 0.2 percent in 2000 to […]
The Indonesian textile industry has shown encouraging growth in April 2024, overcoming the challenges like unprecedented hike in imported textiles and a decline in domestic demand some time ago. This was conveyed in the latest release of the Industrial Confidence Index (IKI) by the Ministry of Industry. Spokesperson for the Ministry of Industry, Febri Hendri […]
In the first quarter of this year, Chinese stock exchange listed textile manufacturing companies achieved a collective operating income of approximately Yuan 30.95 billion, up 9.8 percent year on year. Total net profit of these companies stood at Yuan 1.79 billion in the first three months of 2024, a year-on-year increase of 20.32 percent,” China […]
Value addition wasn’t just about numbers—it was about passion, pride and the threads that bound us all, observes Murugan Santhanam “Why do you think value addition (VA) is important in a spinning mill?”, I recently asked the GM of a renowned spinning mill near Rajapalayam. He is a well-celebrated by textile technologists in our area […]