Industry

India’s Textile Market To Reach US$ 350 Bn By 2030

Textile Insights September 9, 2024

India’s textile industry is expanding rapidly, with textile exports projected to reach US$ 65 billion by the financial year 2025-26, according to Invest India. The country’s textiles production for domestic and export markets is expected to grow at a compound annual growth rate

Industry

Himachal Pradesh Considers Regulated Cannabis Cultivation

Textile Insights September 9, 2024

Himachal Pradesh is exploring the possibility of legalizing regulated cannabis cultivation for medicinal and industrial use, with a focus on its potential for fibre production. State Minister Vikramaditya Singh has announced the formation of a committee to evaluate the benefits of controlled cannabis cultivation, emphasizing its potential to enhance the state’s

Industry

Sircilla Powerloom Cluster Proposal Gains Support

Textile Insights September 5, 2024

Union Minister of State for Home Affairs, Bandi Sanjay Kumar, met with Union Textiles Minister Giriraj Singh in New Delhi on September 4th, to discuss several initiatives for the textile industry in Sircilla. During the meeting, Sanjay Kumar proposed the establishment of a powerloom cluster in Sircilla, which he believes would significantly benefit the local […]

Industry

Indian Textile Industry Poised For Growth Amid Rising Export Demand

Textile Insights September 5, 2024

The Indian textile industry is poised for growth in 2024, driven by rising export demand, resilient consumer spending, and favorable geopolitical conditions, according to a B&K Securities report. The ready-made garments (RMG) sector is expected to see significant export growth due to restocking by Western retailers, increased demand for spring-summer collections, and

Industry

Tamil Nadu’s Textile Policy To Boost Tiruppur’s Apparel Role

Textile Insights September 5, 2024

The Tamil Nadu government’s new textile policy aims to enhance Tiruppur’s position in the apparel value chain, according to Dharmendra Pratap Yadav, Principal Secretary of the Handlooms, Handicrafts, Textiles, and Khadi Department. While the service sector contributes 65% to the State’s GDP, the government is focused on boosting the manufacturing sector,

Industry

BGMEA Appeals To Bangladesh Bank For Support Amidst Political Instability

Textile Insights September 4, 2024

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested urgent assistance from Bangladesh Bank to support the garment sector, which has been severely impacted by recent political instability. On August 27, 2024, BGMEA President Khandoker Rafiqul Islam and his delegation met with Dr. Ahsan H. Mansur, Governor of Bangladesh Bank, to discuss the

Industry

IVF And India ITME Society Honours S. P. Verma On His Retirement

Textile Insights September 2, 2024

The International Vaish Federation (IVF), Mumbai, in collaboration with the India ITME Society, organized a special event to honour S.P. Verma, Additional Textile Commissioner of India, on the occasion of his retirement. The event, held at the ITME Centre, was a heartfelt farewell, recognizing Verma’s significant contributions to the textile industry. The ceremony

Industry

ITTA Urges Support For Technical Textiles From Ministry Of Textiles

Textile Insights September 2, 2024

The Indian Technical Textile Association (ITTA) recently met with the Union Minister of Textiles, Government of India, Giriraj Singh, in Delhi. The meeting addressed key opportunities and challenges within the Indian technical textile industry and presented several recommendations for its growth. One major challenge discussed was the availability of basic raw materials,

Industry

Union Minister Of Textiles Praises NITRA’s R&D Innovations

Textile Insights September 2, 2024

On August 21, 2024, Union Minister of Textiles, Giriraj Singh, met with Dr. M. S. Parmar, Director and senior scientist at the Northern India Textile Research Association (NITRA), to commend their R&D achievements. The focus was on NITRA’s work on “cellulose-based indigenous high Clo value and low-density surface modified natural fibre for developing

Industry

European Textile Industry: Navigating Challenges And Seizing Opportunities

Textile Insights August 29, 2024

Since 2020, global events such as Covid-19, Ukraine conflict and shifting geopolitical dynamics have profoundly impacted the world of work and the economic landscape. Rising inflation, skyrocketing energy costs and supply chain disruptions have compounded these effects. In Germany, fears of a gas shortage further heightened concerns. The shift to remote work and the