Industry

Cotton Textile Associations Submit Memorandum To Piyush Goyal

Textile Insights January 22, 2024

The Confederation of Indian Textile Industry (CITI) and other cotton based textile associations submitted a memorandum to the textiles ministry in a collective effort to address the challenges faced by the Indian cotton textiles and clothing industry. The joint memorandum submitted to Piyush

Industry

BGMEA President Faruque Hassan Joins Forces With Bharat Tex 2024

January 21, 2024

In a major development that is set to reshape the landscape of the textile sector, BGMEA (Bangladesh Garment Manufacturers and Exporters Association) President Faruque Hassan has announced a transformative partnership with Bharat Tex 2024, the largest global textile event in India. This collaboration signifies a strategic alliance aimed at driving innovation,

Industry

TAG Meeting Charts Growth Plan For MMF And Technical Textiles

January 21, 2024

A pivotal meeting was held in New Delhi on January 18, 2024 by the Trade Advisory Group (TAG) for Man-Made Fibre (MMF) convened under the chairmanship of the Minister of Commerce and Industry, Piyush Goyal. The gathering, attended by industry stalwarts including Bhadresh Dodhia, Chairman of SRTEPC (The Synthetic and Rayon Textiles Export Promotion Council, […]

Industry

Wool Research Association Secures Patent For Innovative Enzyme-Based Detergent

January 21, 2024

In a significant achievement, Dr Mrinal Choudhari, Joint Director at Wool Research Association, has recently been granted a patent for her pioneering research project. The patent, issued by the Patent Office of the Government of India, bears the number 498456 and recognizes the groundbreaking work titled ‘Novel Detergent Formulation For Wool With Immobilized

Industry

AMC To Supply Treated Industrial Water To Ahmedabad Mills

Textile Insights January 20, 2024

After two years of negotiations and persuasion, textile mills, which also include standalone dyeing and printing mills in Ahmedabad will finally get treated industrial wastewater at Rs 30 per kilolitre. The Gujarat Pollution Control Board (GPCB) and three major industry associations in the city have approved this price for drawing tertiary treated sewage water for […]

Industry

Indian Textile Sector Optimistic As Markets Being To Recover

Textile Insights January 18, 2024

The Indian textile industry, which has been grappling with low demand for almost a year, is now feeling optimistic as the market begins to recover. One of the main reasons for this new found optimism is the decrease in inventory levels across the entire value chain. Additionally, China has recently purchased 6,000 tons of cotton […]

Industry

India’s Textile Industry Set To Weave Global Success

January 17, 2024

With a potent blend of centuries-old craftsmanship, technological advancements and a renewed focus on sustainability, India’s textiles are poised to captivate international markets. India’s textile industry is positioned at the cusp of a transformative journey and is well-poised to shape the global textile landscape. With a rich heritage dating back centuries and a

Industry

New Bangla Textile Minister To Boost Output Of Smart Textiles

Textile Insights January 15, 2024

The newly appointed Bangladesh Textile & Jute Minister Jahangir Kabir Nanak said that he is committed to advancing the manufacturing of smart textiles and also jute sector. According to Nanak, this will be achieved through efficient planning and swift implementation of decisions taken by the ministry. He stressed on the importance of incorporating new innovations […]

Industry

India Plans Setting Up ‘Bharat Park’ In UAE For Secure Trade Facilitation

January 14, 2024

India plans to set up ‘Bharat Park’ in UAE where Indian goods showroom and warehouses will come up. This will facilitate other countries of the world to buy Indian goods from ‘Bharat Park’ as the payment system is secured in UAE, stated Union Minister of Textiles & Commerce Piyush Goyal. He was speaking as Chief […]

Industry

Indian Economy Expected To Touch $5 Trillion By Fiscal 2026-27

Textile Insights January 12, 2024

According to a recently released PHD Chambers of Commerce and Industry (PHDCCI) report, the Indian economy is expected to surpass $4 trillion in fiscal 2024-25 and touch $5 trillion by fiscal 2026-27, PHDCCI noted that India is poised to attain the status of a developed economy by 2047 under the initiative of ‘Viksit Bharat’. PHDCCI […]