Industry

TMMA’s Prashant Mangukia Contributes To ASSOCHAM CEO Roundtable

May 19, 2024

The Textile Machinery Manufacturers’ Association’s (TMMA) first Vice Chairman, Prashant Mangukia of Yamuna Machine Works, participated in a prestigious CEO Roundtable conference hosted by ASSOCHAM (The Associated Chambers of Commerce and Industry of India). The event, titled

Industry

AI To Revolutionize Indian Textile MSMEs: Sharad Tandon

May 19, 2024

The rise of artificial intelligence (AI) is poised to transform the textile industry, especially benefiting India’s micro, small, and medium enterprises (MSMEs), according to Sharad Tandon, CEO of Standon Consulting. In a recent online session on “Opportunities & Threats AI poses for MSME textile units” held by the Textile Association of India. Mumbai unit,

Industry

Bangla Apparel Makers Pay 645% Higher Undocumented Payments

Textile Insights May 16, 2024

Garment manufacturers from Bangladeshi pay up to 645 percent more than the official fees for renewal of licences or secure essential permits. The 645 percent higher charges are ‘undocumented payments’, a study by the Centre for Policy Dialogue (CPD) said. Quoting data from an exporter, the study informed that the company paid 645 percent higher […]

Industry

‘Chinese Investment Growth Driver Of Ethiopian Textile Sector’

Textile Insights May 16, 2024

Investment from Chinese investors is the backbone and driving growth and development of Ethiopian textile and garment industry. This was stated by Aklilu Tadesse, CEO of the Ethiopian Industrial Parks Development Corporation (IPDC). He said this during discussions between IPDC officials and the Ethiopian Investment Commission with potential Chinese investors who are

Industry

CITI Gears Up For Future That Envisions Thriving Textile Sector

Textile Insights May 14, 2024

The Confederation of Indian Textile Industry (CITI) is gearing up for a future that envisions a thriving textile sector till 2047, which also marks ‘New India’s’ fulfillment of aspirations. “The textile industry is crafting an action plan not just for the immediate future but for the long haul till 2047,” CITI Chairman Rakesh Mehra said. […]

Industry

Renewables Now Account For 30% Of Global Electricity Output

Textile Insights May 13, 2024

Global solar and wind energy now account for 30 percent of overall worldwide electricity generation, according to a report by global energy think tank Ember. Since 2000, renewables have expanded from 19 percent to more than 30 percent of global electricity, driven by an increase in solar and wind from 0.2 percent in 2000 to […]

Industry

Indonesian Textile & Apparel Sector Witnesses Growth In April

Textile Insights May 10, 2024

The Indonesian textile industry has shown encouraging growth in April 2024, overcoming the challenges like unprecedented hike in imported textiles and a decline in domestic demand some time ago. This was conveyed in the latest release of the Industrial Confidence Index (IKI) by the Ministry of Industry. Spokesperson for the Ministry of Industry, Febri Hendri […]

Industry

Chinese Listed Textile Companies Achieve Good Growth In Q1

Textile Insights May 10, 2024

In the first quarter of this year, Chinese stock exchange listed textile manufacturing companies achieved a collective operating income of approximately Yuan 30.95 billion, up 9.8 percent year on year. Total net profit of these companies stood at Yuan 1.79 billion in the first three months of 2024, a year-on-year increase of 20.32 percent,” China […]

Industry

Can We Add Value To Our Normal Job Activities?

May 10, 2024

Value addition wasn’t just about numbers—it was about passion, pride and the threads that bound us all, observes Murugan Santhanam “Why do you think value addition (VA) is important in a spinning mill?”, I recently asked the GM of a renowned spinning mill near Rajapalayam. He is a well-celebrated by textile technologists in our area […]

Industry

Domestic T&A Sector Set To Reverse Trend Amidst Gradual Demand Revival

May 10, 2024

It seems the worst is over for the domestic textile and apparel (T&A) sector, if one goes by the exports data of the first two months of the current calendar year of 2024. Even as the overall exports declined by 1 per cent to $34.4 billion and the apparel exports from the country dipped by […]