Industry

Indonesian Trade Minister Refutes Claim Of Continuing Slump

Textile Insights April 1, 2024

The Indonesian Minister of Industry Agus Gumiwang stated that the textile industry in Indonesia is not experiencing a decline as previously reported. “Even though there are reports of plans of massive layoffs, the textile industry and related sectors are currently experiencing increased

Industry

Swedish University To Train Uzbek Textile Professionals

Textile Insights April 1, 2024

Uzbekistan and Sweden’s Boros University, renowned for its Swedish School of Textiles have reached an agreement to train textile industry professionals of Uzbekistan. This agreement was reached following a virtual meeting between Ambassador Nodir Ganiev of Uzbekistan and Vice-Rector, Kim Bolton of Boros University. “Also present at the meeting were representatives from

Industry

Nigerian Textile Workers Union Demand Reducing Import Bill

Textile Insights March 30, 2024

The National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) has urged the government to revive the textile industry and reduce US $4 billion imports of textiles and apparels This was mentioned by outgoing NUTGTWN President John Adaji at the 13th national delegate conference of the union. He lamented that Nigeria which had […]

Industry

Bangladesh Seeks Chinese Investment In Textile & Jute Sectors

Textile Insights March 30, 2024

Bangladesh invited Chinese investors to invest in its textile and jute sectors, since China is a development partner of Bangladesh. Textiles and Jute Minister Jahangir Kabir Nanak said this in a meeting with Chinese Ambassador to Bangladesh Yao Wen at his office. Nanak was accompanied by senior textile ministry officials, while Wen was also accompanied […]

Industry

Indian Textile Industry Is Poised For Rebound In Sales – CRISIL

Textile Insights March 29, 2024

The CRISIL SME Tracker has reported that the Indian textile industry is poised for a rebound in sales after two years of contraction. The previous two financial years were challenging due to volatile cotton prices and subdued export demand. “However, the industry is expected to close this fiscal with lower revenue due to a correction […]

Industry

Epic Group Investing Rs 220 Crore In Odisha Garment Facility

Textile Insights March 29, 2024

Epic Group, a Hong Kong-based apparel industry major is starting its first Indian apparel production plant in India, for which, it has acquired 40 acres of land in Bhubaneswar, Odisha. Colliers India, a diversified professional services and investment management company has been appointed to set up the manufacturing facility. Epic Group will invest around Rs […]

Industry

Textile Park With ZLD Facility To Be Set Up Near Ahmedabad

Textile Insights March 27, 2024

A new Textile Park being set up near Ahmedabad is expected to address pollution challenges faced by the fabric processing industry in Ahmedabad. The Rupam Eco Green Textile Park will be spread across 100 acres of land at Mahijadi village near Ahmedabad. The company had signed a MoU to invest Rs 500 crore for the […]

Industry

Several Initiatives From Maharashtra To Become Textile Hub

Textile Insights March 27, 2024

Advancing its vision of establishing itself as a textile hub, Maharashtra has committed to developing 18 mini textile parks among various other initiatives. “These mini textiles parks will attract investment of Rs 1,800 crore and create employment for 36,000 people,” Chandrakant Patil, Textile Minister, Maharashtra wrote in the Financial Express. Furthermore, the

Industry

Premier Mills Group Inaugurates New School Building In Coimbatore

March 24, 2024

Premier Mills Group, a key player in India’s textile industry, continues to champion social responsibility with the inauguration of a new school building at the Gandhi Centenary Memorial Government Middle School in Varadarajapuram, Coimbatore. This initiative, funded by the company’s CSR fund, underscores Premier Mills Group’s commitment to enhancing

Industry

Technological Institute & TAI (Delhi) Sign MOU For Advancement of Textile Industry

March 23, 2024

On March 16, 2024, The Technological Institute of Textile and Sciences and Textile Association of India (Delhi) solidified their collaboration by signing an MOU. This partnership aims to bolster cooperation across training, placement, technical lectures and industrial visits, promising mutual benefits and advancements in the textile industry.