Industry

VDMA: Young Engineers Honoured In Dresden Textile Conference

December 10, 2023

As part of the Aachen-Dresden-Denkendorf International Textile Conference in Dresden, the Chairman of the Walter Reiners Foundation of the VDMA, Peter D. Dornier, presented awards to four successful young engineers. Two promotion prizes and two sustainability prizes were awarded in the Bachelor

Industry

Operating Profits Of Cotton Spinners To Plummet 250-350bps

Textile Insights December 8, 2023

Operating profits of Indian cotton yarn spinners will plummet 250-350 basis points from 10-10.5 percent in the previous fiscal to decadal lows of 7-8 percent in the ongoing fiscal. Crisil Ratings has attributed this to shrinking spread between cotton and cotton yarn, inventory losses and slower than expected pickup in downstream demand. Revenue too, will […]

Industry

Southern Textile Mills Seek Govt Relief Amid Global Recession

Textile Insights December 7, 2023

Several textile associations have sought relief from the central as well as state governments of Tamil Nadu, Andhra Pradesh and Telangana to roll back the power tariff hike and the central government to restrict and monitor galloping imports of various textile raw materials and products. S K Sundararaman, the Southern India Mills Association (SIMA) Chairman […]

Industry

India Positioning Itself As Textile Sourcing & Investment Hub

Textile Insights December 4, 2023

India is positioning itself as a textile sourcing and investment hub through the seven PM-MITRA Parks being set up in various states of India at an investment of Rs 70,000 crores and other schemes. “We are hopeful that these PM MITRA Parks will emerge as growth centres in the textile sector because of foreign investments […]

Industry

Pilot Tiruppur Textile CETP Set Up With German Collaboration

Textile Insights December 4, 2023

A pilot plant to treat textile effluents was inaugurated at Kunnankalpalayam Common Effluent Treatment Plant (CETP) in Tiruppur. The pilot project has been undertaken in collaboration with Germany. After lab tests, a pilot-scale electrochemical ozone oxidation process (ECOOP) reactor and CDI were installed at Kunnankalpalayam CETP and it can treat 350 litres of effluent

Industry

Next Gen Entrepreneurs Leading Winds Of Change Sweeping Through Indian Textile Landscape

December 3, 2023

The Indian textile industry, deeply rooted in tradition and history, has long been the backbone of our country’s economy. It is often celebrated for its rich heritage, but it is not without its share of challenges. Globalization and changing consumer preferences have brought a new set of demands. Competition from international markets, stringent quality standards

Industry

Bangladesh Minister Downplays US Sanctions Over Labour Issue

Textile Insights December 2, 2023

A Bangladesh minister has asserted that the efforts of the US and EU to obstruct or sanction Bangladesh’s apparel exports will prove futile. “Business and politics are dissimilar spheres. The US and European countries will not do anything that jeopardises the Bangladesh garment industry,” Commerce Minister Tipu Munshi said while addressing the press.

Industry

Indian Textile Firms Willing To Purchase Kenya Based Rivatex

Textile Insights December 2, 2023

Indian companies are willing purchase the Kenyan government owned Rivatex East Africa Ltd if the government plans to privatise the textile mill A TV news channel quoted the Indian Deputy High Commisioner in Kenya, Rohit Vadhwana as saying that there are a number of Indian textile companies who have shown interest in buying Rivatex. Set […]

Industry

Textile Exchange’s ETrackit For Tracking Certified Materials

Textile Insights December 1, 2023

Textile Exchange has unveiled the Electronic Trackit, or eTrackit, which will enhance integrity of supply chain traceability, by tracking the volume of materials certified to Textile Exchange standards. eTrackit is part of the organisation’s two-tier traceability offering for materials certified to its standards, working alongside dTrackit (Digital Trackit) and is a first

Industry

Exports Of Indian MMF Textile Products To Leap By 2030

Textile Insights November 30, 2023

Manmade fibre (MMF) textile product exports from India are projected to leap due to the PLA scheme as well as the free trade agreements (FTA’s) signed with Australia and the UAE. Exports of MMF textile products are forecast to leap by a significant 75 percent to US $11.4 billion from $6.5 billion in fiscal 2022. […]