Industry

Vietnam’s Garment-Textile Industry Sees Surge In FDI Inflows

Textile Insights October 10, 2024

Vietnam has attracted 3,500 foreign direct investment (FDI) projects in the garment-textile sector, valued at a combined US$37 billion, according to the Vietnam Textile and Apparel Association (VITAS). The FDI sector plays a pivotal role in the industry’s growth, contributing 65% of total

Industry

Solar Thermal Solutions For Textile Industry’s Net-Zero Emission Goal

Textile Insights October 10, 2024

As the textile industry grapples with its significant carbon footprint, the need for low-carbon energy sources is crucial for achieving net-zero emissions. Solar thermal technology, though less prominent than other renewable energy sources, offers a promising alternative for decarbonizing industrial heating processes. Unlike solar photovoltaics (PV) that generate

Industry

Coimbatore Textile Firm Saves Rs 1.9 Cr With Solar Power

Textile Insights October 10, 2024

The Indian textile industry is advancing toward a greener future with significant steps in adoption of renewable energy. A leading textile manufacturer in Coimbatore, Tamil Nadu, has installed a solar power plant featuring LONGi’s high-efficiency Hi-MO 5 solar modules. The project, executed by EPC firm Viridis Engineering, is delivering substantial clean energy

Industry

Vietnam’s Textile Workers Earn Higher Wages Than Global Average

Textile Insights October 9, 2024

According to a VNDirect Securities report, Vietnam’s textile and apparel industry is making strides towards sustainable development as consumer demand for eco-friendly products rises. Companies are focusing on green production processes by using recycled fabrics, green materials, renewable energy and wastewater treatment. Global fashion brands are increasingly prioritizing

Industry

SGCCI Forms Textile Task Force To Boost Industry Growth

Textile Insights September 30, 2024

The Southern Gujarat Chamber of Commerce and Industry (SGCCI) has established a Textile Task Force (TTF) for the first time, aiming to address industry-wide issues and unite various segments of the textile sector. The decision was made during a meeting on Wednesday, with the official announcement following on Thursday. The TTF will include representatives from […]

Industry

10-12 Textile Firms To Get First PLI Scheme Payments This Fiscal

Textile Insights September 28, 2024

Around 10-12 textile companies are set to receive the first incentive payments under the Production-Linked Incentive (PLI) scheme, according to a senior government official. “Approximately 40 companies have already initiated investments. We had a gestation period until March 2024, and we hope that 10-12 companies will receive their incentive payouts within this

Industry

New Safety Regulations For Textile Machinery To Take Effect From August 2025

Textile Insights September 27, 2024

In August 2024, the Central Government issued the Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024, under the Bureau of Indian Standards Act, 2016. The order, which will come into force from August 2025, focuses on enhancing safety standards for various types of machinery,  including weaving and embroidery machines of textile machinery

Industry

Bangladesh Garment Workers Secure Key Labor Agreement

Textile Insights September 26, 2024

Representatives from readymade garment manufacturers and workers have successfully negotiated an agreement on 18 key demands to address labor concerns. The consensus was reached after extensive discussions on Tuesday at the Labour Ministry’s conference room. Labour Adviser Asif Mahmud Shojib Bhuiyan announced that all demands were addressed, warning that any further unrest

Industry

Vietnam’s Textile Industry: Recovery Amid New Challenges

Textile Insights September 26, 2024

Vietnam’s textile and garment industry is seeing a strong recovery, with export turnover reaching US$ 4.3 billion in August and USD 28.3 billion in the first eight months of 2023, a 6.2% year-on-year rise, according to VITAS. VITAS Chairman Vũ Đức Giang highlighted that the surge in orders, driven by global disruptions like the US-China […]

Industry

Maharashtra CM Launches E-Textile System To Boost Textile Industry

Textile Insights September 26, 2024

Maharashtra’s Chief Minister Eknath Shinde launched an innovative e-textile system at Sahyadri Guest House on September 24th, 2024, aimed at strengthening the textile industry. Present at the event were Textiles Minister Chandrakant Patil, Chief Secretary Sujata Saunik, Textiles Department Secretary Virendra Singh, and other key officials. During the launch, CM Shinde