Industry

Bangladesh Textile & Garment Sector Tops FDI Chart In FY’23

Textile Insights October 21, 2023

US $1.22 billion in foreign direct investment (FDI) was received by the Bangladesh textile and garment industry and it was the topper among FDI received by various sectors in the country in fiscal 2023. According to Bangladesh Bank, the central bank of Bangladesh, the country received $3.2

Industry

Egypt Attracts More Investments from Chinese Textile Firms

Textile Insights October 17, 2023

Egypt’s SCZONE has inked agreements totaling more than $100 million with Chinese textile and apparel producers to establish factories in the West Qantara Industrial Zone in Egypt. “These agreements were signed during an investment promotion tour in China, the second such tour after the first one in May 2023,” a SCZONE press release said. An […]

Industry

Indian Textile & Clothing Sector To Hit $350bn Mark By 2030

Textile Insights October 17, 2023

A report informs that the Indian textile and clothing sector is forecast to reach US $350 billion by 2023 growing at a CAGR of 10 percent. The Indian textile and apparel sector was pegged at $165 billion in 2022, with the domestic market commanding $125 billion and the rest constituting exports. The report titled ‘Textile […]

Industry

SIMA Chairman Demands Evaluation Of New TN Energy Tariff

Textile Insights October 11, 2023

The apex body of spinners in South India, the Southern India Mills Association (SIMA) has urged the Tamil Nadu government to evaluate its policies related to energy supplied to the textile industry. “Tamil Nadu is most attractive destination for new investments mainly due to its energy policies relating to wind power, open access power, third […]

Industry

Pakistan Textile Sector Seeks Subsidies To Boost Exports

Textile Insights October 9, 2023

Exporters from the Pakistani textile industry are seeking subsides and incentives to boost the prospects of the exports industry, which is reeling under a slowdown. These incentives include preferential cost-based electricity tariff, deferral of principal and interest payments on loans and restoration of a no-sales tax payment scheme. The industry also proposed priority

Industry

Marzoli Secures Recyclability Index Certification For Sustainability

October 8, 2023

Marzoli has secured the “Recyclability Index Certification” for its sustainability strategy. This certification, developed in collaboration with ACIMIT and ASSOMAC, along with Rina Consulting, signifies a major step forward in Marzoli’s sustainable journey. One of Marzoli’s standout achievements lies in its Roving Frame, which boasts remarkable

Industry

Textile Value Chain Running On Minimum Order Levels: ITMF

Textile Insights October 7, 2023

The entire textile value chain is running on minimum levels of orders and as long as brands and retailers do not increase orders, the entire textile value chain will continue to struggle. This was the analysis of the International Textile Machinery Federation’s (ITMF) Global Textile Industry Survey (GTIS) conducted in the middle of September 2023. […]

Industry

Fineotex Achieves NABL Accreditation For Its Laboratory

October 6, 2023

Fineotex Chemical Ltd has recently announced the accreditation of its laboratory by the National Accreditation Board for Testing and Calibration Laboratories (NABL). This accreditation underscores Fineotex’s steadfast commitment to advancing sustainability and aligning with universally accepted standards within the textile industry and manufacturing sector. It is a

Industry

Riju Jhunjhunwala Emphasises Need To Upskill Textile Workers

Textile Insights October 6, 2023

Speaking at the 118th PHD Chamber of Commerce and Industry (PHDCCI) Annual Session 2023, Riju Jhunjhunwala, CMD, RSWM Ltd. emphasised on the need to upskill textile workers to meet the US $100 billion export goal by 2030. “Established companies are now dedicating more time to ensure skill development for all their employees. This is crucial […]

Industry

Smartex Fact Digitises Knitting Factory Operations

Textile Insights October 5, 2023

Portugal’s Smartex.ai has introduced Smartex Fact, a digital factory management system that permits to monitor operations of a knitting factory from a mobile. Smartex Fact provides knitters an all in one solution that significantly upgrades operations at a knitting factory. Smartex Fact provides real-time visibility, enhances quality through automatic roll grading, and