Industry

ILO’s Job Creation Programme Elevates Jordan’s Textile Workforce

Textile Insights August 21, 2024

The ILO’s Employment-Intensive Investment Programme (EIIP) is making a significant impact on Jordan’s textile industry, as highlighted during a recent visit by an ILO delegation led by Regional Director for Arab States, Ruba Jaradat. The delegation inspected several key projects

Industry

Bangladesh Textile Factories Resume Operations After Civil Unrest

Textile Insights August 19, 2024

Following recent civil unrest in Bangladesh, textile factories owned by Indian companies have restarted operations, according to a senior official from the Ministry of Commerce. The official, who requested anonymity, confirmed that after several days of disruption, these manufacturing units are now functioning smoothly. Cross-border truck movement between India and

Industry

Global Textile Machinery Shipments Surged In 2023: ITMF

Textile Insights August 19, 2024

The 46th International Textile Machinery Shipment Statistics (ITMSS) report, released by the International Textile Manufacturers Federation (ITMF), revealed that global shipments of new textile machinery increased across most segments in 2023, with notable growth in shuttle-less looms and flat knitting machines, despite a decline in texturing machinery. Spinning Machinery

Industry

Industry Leaders Appointed to Textiles Committee

Textile Insights August 18, 2024

Bhadresh Dodhia and Rakesh Mehra have been appointed as members of the Textiles Committee, a statutory body under the Ministry of Textiles, Government of India. Bhadresh Dodhia, Chairman of MATEXIL (formerly SRTEPC), expressed his commitment to driving growth, innovation and sustainability in the Indian textile industry. “I am honoured to be part of the Textiles […]

Industry

Bangladesh Political Crisis Hits Bhilwara Textile Industry

Textile Insights August 15, 2024

The ongoing political turmoil in Bangladesh has severely impacted the textile industry in Bhilwara, Rajasthan. For years, Bhilwara has relied on Bangladesh as a major market, exporting around 50% of its yarn and denim to the country. The total annual export value of these goods is estimated at approximately Rs 2,000 crore. According to RK […]

Industry

Turmoil In Bangladesh: A Boon For Indian Textile Industry?

Textile Insights August 10, 2024

Bangladesh, which is currently embroiled in severe political crisis, is renowned for its thriving textile sector. The country’s substantial income from garment exports is now under threat due to the ongoing turmoil. As a result, global textile importers are beginning to explore alternative markets, including India. Bangladesh is a significant player in the global

Industry

Myanmar Garment Factories Face Labour Shortage Amid Surge In Orders

Textile Insights August 10, 2024

Garment factories in Myanmar’s industrial zones are experiencing a surge in orders, but a shortage of local workers is creating job opportunities for job seekers, according to industry sources. “As a garment factory, our order intake is strong. We’ve received numerous orders intended for Bangladesh, amounting to hundreds of thousands. The volume of orders

Industry

Indians ‘Wait & Watch’ Bangladesh’s Textile Market Situation

Textile Insights August 9, 2024

By Avinash Mayekar, MD – Suvin Expo LLP It is better to be cautious than to invest hastily. The recent unexpected political turmoil in Bangladesh has created quite a stir in the Indian textile industry. Many discussions are taking place across various forums about the possible advantages that India might soon benefit from. However, in […]

Industry

Indonesian Textile Industry Facing Crisis Due To Chinese Imports, Says Apsyfi Chairman

Textile Insights August 9, 2024

The Indonesian textile industry is struggling despite strong consumer demand, primarily due to an overwhelming influx of Chinese imports, according to Redma Gita Wirawasta, Chairman of the Indonesian Filament Yarn and Fiber Producers Association (Apsyfi). This situation has led to the closure of numerous local textile companies. Redma criticized the government’s

Industry

S&P Downgrades Bangladesh Amid Protests And Economic Strain

Textile Insights August 9, 2024

S&P Global has downgraded Bangladesh’s long-term foreign and local currency sovereign credit ratings from BB- to B+, citing elevated external vulnerabilities and weakening external liquidity. The outlook remains stable, with short-term ratings affirmed at ‘B’. The downgrade reflects Bangladesh’s modest per capita income, limited fiscal flexibility and