Industry

Bangladesh Has 54 Out Of 100 Global LEED Garment Factories

Textile Insights December 30, 2023

Out of the 100 LEED certified garment factories in the world, 54 are now located in Bangladesh, which points to a commitment to green practices in the industry in the south Asian country. “The total number of Bangladesh clothing factories with LEED certificate now totals 206, which indicates

Industry

India To Maintain Economic Growth Velocity In 2024

Textile Insights December 30, 2023

India is likely to remain the fastest-growing major economy in the world in 2024, on the back of strong consumer demand leading to a pickup in investment across various sectors. According to the Associated Chambers of Commerce & Industry of India (ASSOCHAM), the sectors which will attract investments are construction, hospitality and infrastructure including railways

Industry

Clothing Brands Commit To Hike Rates To Offset Wage Increase

Textile Insights December 29, 2023

Several global clothing brands have formally committed to increasing rates for their Bangladeshi garment suppliers to offset the hike in worker wages which comes into effect from January 1. “It’s quite encouraging that we have received formal letters from a few brands confirming their position to pay a price that absorbs the increase in wages,” […]

Industry

Trend Of Layoffs Continue In Indonesian Textile Sector

Textile Insights December 29, 2023

The trend of layoffs is continuing in the Indonesian textile and garment sector which started since the beginning of this year. According to the Confederation of Indonesian Workers’ Unions (KSPN) more than 7,000 workers have been laid off since the beginning of 2023 in both the textile and apparel industries. KSPN President Ristadi pointed out […]

Industry

Indian Ministry Of Textiles Showcases 2023 Achievements

Textile Insights December 29, 2023

The Indian Ministry of Textiles launched several initiatives in 2023, which include PM MITRA Parks, Kasturi brand cotton and garnered investment of around Rs 2,119 crore under PLI Scheme. The initiatives also include 126 research proposals approved and valued at Rs 371 crore under National Technical Textile Mission (NTTM) for speciality fibre and technical textile. […]

Industry

Indian Textile & Garment Sector Worst Affected Worldwide

Textile Insights December 29, 2023

The Indian textiles and apparel industry is the worst affected among various textile and garment producing countries due to various challenges. “Challenges include on the raw material front, both cotton and manmade fibres, and a steep increase in power cost,” President of International Textile Manufacturers Federation (ITMF), KV Srinivasan said. “Urgent measures on policy

Industry

Investments To Contract In Indonesian Textile Industry

Textile Insights December 28, 2023

The Indonesian Textile Association (API) anticipates investments in the textile industry to contract in 2024, on expectations of the economic slowdown continuing in its key export markets. According to Jemmy Kartiwa Sastraatmaja, Chairman of API, the worldwide economy is not in good shape and is forecast to weaken, while at the same time, interest rates […]

Industry

Faridabad Textile Owners Get Nod For Land In UP’s Jewar

Textile Insights December 28, 2023

Uttar Pradesh has approved a proposal from textile industrialists based in Haryana’s Faridabad, to expand their textile business to Jewar, in Greater Noida. During the meeting with the Chief Minister of Uttar Pradesh, the textile industrialists sought land to set up factories near the upcoming Jewar International Airport. According to Jewar MLA Dhirendra Singh, the […]

Industry

Huge Potential For India In Global Textile & Apparel Market

Textile Insights December 27, 2023

There is immense potential for India to tap into the global textile and apparel market. This was stated by KV Srinivasan, the newly elected President of the International Textile Manufacturers Federation (ITMF). While addressing a press conference, Srinivasan highlighted that global buyers are increasingly looking to diversify their sourcing away from China, thereby

Industry

Rajasthan Garment Sector Seeks ODOP Category Benefits

Textile Insights December 26, 2023

At a roadshow to promote Bharat Tex 2024 in Jaipur, garment manufacturers of the state urged the state government to recognise their sector in the one-district-one-product (ODOP) category. The Garment Exporters Association of Rajasthan (GEAR) requested the state government to extend benefits of the ODOP to the state clothing industry as done by Uttar Pradesh […]