Industry

Beximco Shutdown In Bangladesh Benefits Indian Textile Firms

Textile Insights December 9, 2024

Bangladesh’s largest textile industrial park, Beximco, has been significantly impacted as approximately 170 top textile factories, including 23 owned by Beximco itself, have been forced to shut down due to a severe liquidity crisis and difficulties in securing letters of credit (LCs) for raw

Industry

Global Denim Fabric Market To Grow To $27.9 Bn By 2030

Textile Insights December 6, 2024

The global denim fabric market, valued at $18.1 billion in 2020, is projected to grow to $27.9 billion by 2030, registering a compound annual growth rate (CAGR) of 4.4%, according to a report by Allied Market Research. The Asia-Pacific region dominated the market in 2020, accounting for nearly 80% of global revenue. APAC is expected […]

Industry

VT Garment First To Earn GSD Excellence Gold Certification

Textile Insights December 5, 2024

VT Garment Co. Ltd, a global leader in apparel manufacturing, has become the first company to earn the GSD Excellence Gold Certification through Coats Digital’s new GSD Excellence Programme. This programme empowers manufacturers to enhance efficiency and sustainability using GSD’s data-driven methodology, helping them meet the high standards set by global brands. Since

Industry

Bangladesh’s Garment Sector: Decline In Women Workers Poses Challenge

Textile Insights December 5, 2024

The proportion of women workers in Bangladesh’s garment sector has fallen significantly, from 80% in 1980 to 53.7% by 2021, according to the BGMEA. Women aged 18-35 are increasingly leaving the industry for alternative professions like agriculture, domestic work or tailoring. Key factors driving this decline include factory unrest, inadequate wages and the desire for

Industry

Brazil’s Decarbonisation Strategy Set To Revolutionise Textile Industry

Textile Insights December 5, 2024

With the implementation of Brazil’s National Circular Economy Strategy in June 2024 and its upcoming role as the G20 Summit host, the country is positioned to lead the textile sector towards sustainable and low-carbon operations. Brazil’s abundant renewable energy resources are central to its decarbonisation potential. With 85% of electricity currently generated from

Industry

EU-Vietnam FTA Threatens Bangladesh’s RMG Exports

Textile Insights December 4, 2024

Bangladesh’s RMG exports to the EU could decline by 21% due to the EU-Vietnam Free Trade Agreement (FTA) and Bangladesh’s LDC graduation, a study by RAPID and Friedrich-Ebert Stiftung revealed. The report highlights that Bangladesh’s overall exports to the EU may drop by 21% as it loses duty-free access under the Everything But Arms (EBA) […]

Industry

Textiles Minister Pushes Innovation, Sustainability In Panipat

Textile Insights November 22, 2024

The Union Minister for Textiles, Giriraj Singh, held an extensive interaction with over 150 textile manufacturers and exporters in Panipat on November 18th, 2024. Recognized as a key hub for textiles and handlooms in India, Panipat hosts a vibrant SME and manufacturing sector. The meeting, organized by the Handloom Export Promotion Council (HEPC) in collaboration […]

Industry

Textile Minister Lauds North-East’s Role In India’s Growing Textile Sector

Textile Insights November 11, 2024

At the official inauguration of the permanent campus of the National Institute of Fashion Technology (NIFT) in Shillong on October 25th, Union Minister of Textiles, Giriraj Singh presented a dynamic vision for the future of India’s textile industry, highlighting the North-East’s substantial contribution. Speaking at the event, which also celebrated NIFT Shillong’s

Industry

Apindo Calls For Tax Incentives To Revive Indonesia’s Textile Industry

Textile Insights November 7, 2024

The Indonesian Employers’ Association (Apindo) has appealed to the government to reinstate the tax incentive for Income Tax Article 21 (PPh 21) borne by the government (DTP) to aid labour-intensive sectors, especially the struggling textile industry. This call comes in the light of the recent bankruptcy of PT Sri Rejeki Isman Tbk. (Sritex), a major […]

Industry

Tamkeen Launches Campaign To Address Harsh Conditions For Textile Workers In Jordan

Textile Insights November 7, 2024

Thousands of workers in Jordan’s textile and garment industry are enduring “harsh” working conditions, characterized by low wages and limited protections, exacerbated by a rise in subcontracting practices. In response to these pressing issues, the Jordanian non-profit organization Tamkeen is set to launch a campaign aimed at raising awareness about the