Industry

AEPC Welcomes Newly Appointed Ministers Of Commerce & Industry, And Textiles

June 16, 2024

Sudhir Sekhri, Chairman of Apparel Export Promotion Council (AEPC), extends his heartfelt congratulations to Hon’ble Minister of Commerce & Industry, Piyush Goyal, and Hon’ble Minister of Textiles, Shri Giriraj Singh, on assuming charge of their respective ministries. In welcoming the

Industry

Bangladesh Textile Mills Struggle With Banks’ Tk420 Crore LC Payment Delays

June 14, 2024

Bangladesh’s textile sector is grappling with a financial crisis as banks delay payments amounting to Tk420 crore against letters of credit (LC), even after more than six months of maturity. This issue has placed 52 textile mills in a precarious situation, prompting urgent appeals for intervention from the central bank. The Bangladesh Textile Mills Association […]

Industry

Uzbekistan Secures Over $34.2 Billion In Investments From Türkiye And Saudi Arabia

June 12, 2024

Under the leadership of President Shavkat Mirziyoyev, Uzbekistan is enhancing its economic and investment partnerships with Türkiye and Saudi Arabia. Recent high-level visits and strategic meetings have resulted in agreements and projects totaling over $34.2 billion, aimed at fostering mutual economic growth and cooperation. Strengthening Ties with Türkiye During President

Industry

Labour Shortage Hits Tiruppur Amid Rising US Export Orders

June 12, 2024

India’s ‘knitwear capital’ Tiruppur faces a severe labour shortage as thousands of migrant workers who returned home to vote in the recent Lok Sabha elections are not coming back. This comes as export inquiries from the US show early signs of recovery. The shortage, estimated at 100,000-150,000 workers from Uttar Pradesh, Bihar, Assam, and West […]

Industry

Giriraj Singh Is The New Minister Of Textiles

June 10, 2024

Giriraj Singh, BJP MP from Begusarai Loksabha constituency in Bihar, has been appointed as the new Minister of Textiles. Previously, he served as the Minister of Cooperative, Animal Husbandry, and Fisheries Resources Development in the Government of Bihar. The Ministry of Textiles, previously was held by Piyush Goyal. He has now been appointed as the […]

Industry

Turkish Company To Set Up 7.2mn Jeans Pieces Unit In Egypt

Textile Insights May 31, 2024

Egypt’s General Authority of the Suez Canal Economic Zone (SCZONE) signed land contract with Eroglu Egypt for a 65,000-square metre area. The contract aims to establish the Eroğlu Egypt’s readymade garments factory in the Qantara West Industrial Zone at a total investment of $40 million. “This factory, which is expected to create over 3,000 jobs, […]

Industry

Ichalkaranji Textile Sizing Units Warn Of Going On Strike

Textile Insights May 31, 2024

Textile sizing unit owners of Ichalkaranji have warned that they will go an indefinite strike due to pressure from the Maharashtra Pollution Control Board (MPCB). Textile sizing unit owners of Ichalkaranji have alleged that the pressure from MPCB will leave no alternative but to shutdown their operations. At a meeting organised by the local textile […]

Industry

Nigeria Attracts $3.5bn Investment In Textile & Apparel Sector

Textile Insights May 29, 2024

Nigeria’s Minister Of Industry, Trade And Investment Doris Uzoka-Anite said the government has attracted US $3.5 billion investment to boost the textile and apparel industry. Uzoka-Anite said this while sharing the sectoral report on the government’s first year in office. She added that efforts are in place to optimise performance of the Nigerian textile and […]

Industry

Social Partnerships In European Textiles & Clothing Industry

Textile Insights May 28, 2024

EURATEX and IndustriAll Europe have launched StitchTogether, a new Europe-wide two-year project to promote social partnerships in the European textiles and clothing Industry. Stitch Together recognises the industry’s need to adapt to global competition, eco-friendly practices, and technological advancements, while ensuring decent working conditions and quality social

Industry

TANA BANA Series: Strategies For Textile Industry Marketing And Branding

May 26, 2024

Following the successful inauguration of the TANA BANA Mega Textile Series, the second session of the series was held at the Institution of Engineers, Mahida Bhawan, Icchanath, Surat on Saturday, 25th May at 5.30 PM. The event was focused on “Marketing and Branding Strategies for the Textile and Garment Industry.” Kotak Mahindra Bank partnered as […]