Industry

Jinnat Textile To Boost Bangladesh’s Textile Manufacturing Sector

November 26, 2023

On November 23, DBL Group inaugurated Jinnat Textile Mills Ltd at the DBL Industrial Park in Srihatta Economic Zone, Sylhet, as per company press release. The inaugural ceremony saw the presence of notable figures, including Sarah Cooke, the British High Commissioner to Bangladesh, and Shaikh

Industry

Kumaraguru College Signs MoU With Grasim Industries

November 26, 2023

Kumaraguru College of Technology’s Department of Textile Technology has entered into a significant Memorandum of Understanding (MoU) with Grasim Industries Ltd on November 20, 2023. This collaborative agreement marks a milestone for both institutions, fostering a mutually beneficial relationship encompassing student internships, projects, placements, faculty

Industry

CITI And Swiss Textiles Unite For India-Switzerland FTA

November 25, 2023

The Confederation of Indian Textile Industry (CITI) and Swiss Textiles have joined forces in advocating for a free trade agreement between India and Switzerland. During the Joint Economic Commission meeting in Geneva, the two prominent industry associations unveiled a collaborative declaration. This joint statement has been formally submitted to the respective governments,

Industry

Joint Declaration Between CITI & Swiss Textiles To Boost Trade

Textile Insights November 25, 2023

The Confederation of Indian Textile Industry (CITI) and Swiss Textiles have strengthened their commitment to a robust trade and economic partnership with the signing of a Joint Declaration. “The Joint Declaration marks a momentous occasion marks a significant step towards fostering collaboration between the two nations and fortifying their ties in the textile sector,: a

Industry

H&M To Hike Rates Of Garments Sourced From Bangladesh

Textile Insights November 25, 2023

H&M which is amongst the top garment retailers in the world will pay a higher price for the apparels it sources from Bangladesh suppliers to offset the hike in minimum wages of clothing industry workers. The Swedish retailer announced that it will absorb the hike in garment worker’s wages which were increased by 56 percent […]

Industry

Oerlikon & Haelixa Make Textile End Products Traceable

Textile Insights November 22, 2023

In cooperation with Haelixa, Oerlikon Manmade Fibers Solutions will in future be able to make the entire value chain of a textile end product transparent and hence sustainable. The two development partners are offering a solution for the comprehensive traceability of products, as required by the European Green Deal. In combination with Oerlikon’s atmos.io digital

Industry

MAS Holdings Plans Vertically Integrated Textile Unit In Odisha

Textile Insights November 21, 2023

In a meeting with Odisha Chief Minister Naveen Patnaik, Mahesh Amalean, Chairman of Sri Lankan company MAS Holdings, expressed intent to set up an integrated textile unit in the state. MAS is interested in setting up an integrated textile and apparel manufacturing facility in Khurda region of the state, which will provide employment to more […]

Industry

Chhattisgarh’s Capital to Have All Women Garment Factory

Textile Insights November 21, 2023

A first-of-its-kind garment factory is being set up in Raipur the capital city of Chhattisgarh, which will exclusively provide employment opportunities only for women. The Raipur Municipal Corporation (RMC) will manage the facility, which has been planned on around 45,000 square feet area and will employ 2,000 women when fully operational. Till date, RMC has […]

Industry

Uzbek President Visits Company in Indian Textile Cluster

Textile Insights November 20, 2023

Uzbek President Shavkat Mirziyoyev recently visited a company located in the Indian textile cluster in Termez to assess and discuss the challenges and opportunities in Uzbekistan’s growing textile industry. Started in 2019 at an investment of US $10 million, the Indian company has become a key player in the region, leveraging advanced technologies and equipment […]

Industry

Germany Top Destination For FDI In Greenfield Textile Projects

Textile Insights November 20, 2023

According to a GlobalData report, Germany is the leading destination market for foreign direct investment (FDI) in greenfield textiles, while the US is the top source for FDI. Between 2019 and 2022, the textiles sector was the eighteenth largest FDI sector in terms of the number of greenfield investments and the textiles sector accounts for […]