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

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 […]

Industry

Egypt Set To Open Biggest Spinning Mill With 182,000 Spindles

Textile Insights January 12, 2024

Egypt is all set to inaugurate its largest spinning mill in El Mahalla El Kubra city in February, which has been set up by the Cotton and Textile Industries Holding Co, a government entity. The new project was implemented under the national project for the development of the spinning, weaving, and textile industries, Minister of […]

Industry

Various Tiruppur Textile Groups To Invest Thousands Of Crores

Textile Insights January 11, 2024

At the recent Global Investors’ Meet (GIM) held in Chennai, Tiruppur based textile and garment groups have proposed thousands of crores of investment in the textile and energy sectors. The Ramraj Group signed a MoU to invest Rs 1,000 crores over the next five years at the rate of Rs 200 crore per year to […]

Industry

Trident Shares Deliver Phenomenal Returns Over 10 Years

Textile Insights January 10, 2024

Shares of Trident Ltd have delivered phenomenal returns of 3,600 percent to investors over the last 10 years. “If an investor had purchased Rs 10,000 worth of Trident stock 10 years ago and held onto it, the investment would now be worth almost Rs 4 lakh,” an analysis by ET Markets informed. According to the […]

Industry

Union Govt Taking Steps To Address Uncontrolled Textile Imports

Textile Insights January 10, 2024

The Union Government is taking adequate steps to address the issues of lack of demand and uncontrolled imports in the textiles sector. This was informed by Union Textiles Secretary Rachna Shah in a press conference held in New Delhi. “We are monitoring surges in textile imports which will be addressed, while QCO on textile materials […]

Industry

Indian Textile Industry: Perspectives From 2023 And Hopes For 2024

January 10, 2024

The Indian Textile industry witnessed major challenges in 2023 due to fluctuating cotton prices, diminishing demand, capacity under-utilization and dumping of imported fabrics and garments from China and Bangladesh. Gurudas Aras takes an overview of the industry scenario in 2023 and what needs to be done to pull the industry out of the quagmire in […]