Industry

‘Chinese Investment Growth Driver Of Ethiopian Textile Sector’

Textile Insights May 16, 2024

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

Industry

CITI Gears Up For Future That Envisions Thriving Textile Sector

Textile Insights May 14, 2024

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. […]

Industry

Renewables Now Account For 30% Of Global Electricity Output

Textile Insights May 13, 2024

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 […]

Industry

Indonesian Textile & Apparel Sector Witnesses Growth In April

Textile Insights May 10, 2024

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 […]

Industry

Chinese Listed Textile Companies Achieve Good Growth In Q1

Textile Insights May 10, 2024

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 […]

Industry

Can We Add Value To Our Normal Job Activities?

May 10, 2024

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 […]

Industry

Domestic T&A Sector Set To Reverse Trend Amidst Gradual Demand Revival

May 10, 2024

It seems the worst is over for the domestic textile and apparel (T&A) sector, if one goes by the exports data of the first two months of the current calendar year of 2024. Even as the overall exports declined by 1 per cent to $34.4 billion and the apparel exports from the country dipped by […]

Industry

Investment In Bangladesh Textile Industry Slows Down

Textile Insights May 8, 2024

The investment in the Bangladesh spinning and weaving industry has slowed down because of gas shortage and for volatile dollar markets over the last two years. Many of the spinning mills have been running their production at 50 percent capacity because of the gas crisis in the industrial sector. Last year, no new spinning or […]

Industry

South African Textile & Clothing Sector Creates 20,000 Jobs

Textile Insights May 6, 2024

More than 20 000 jobs have been created in the past five years since the clothing, textile, footwear and leather (CTFL) industry’s master plan was launched in South Africa. This was reported to the Minister of Trade, Industry and Competition Ebrahim Patel by stakeholders at a meeting in Cape Town on Thursday. Major retailers have […]

Industry

Chinese Consider Bangladesh As Ideal Investment Destination

Textile Insights May 6, 2024

Chinese investors are considering Bangladesh as an ideal investment destination and are also interested in shifting investments to Bangladesh while also making new investments. The Chinese investors informed this to a delegation of the Bangladesh Export Processing Zones Authority (BEPZA) which visited China recently and held a seminar. About 100 participants from various