Industry

Africa Has Potential To Become Next Global Fashion Leader

Textile Insights October 27, 2023

Audrey Azoulay, UNESCO’s Director-General released a report titled ‘The Fashion Sector in Africa: Trends, Challenges and Opportunities for Growth’, arguing that the continent has all it takes to become one of the next global fashion leaders. The UNESCO analysis shows that the continent holds

Industry

Indian Garment Production Falls 22.6% Between April & Aug

Textile Insights October 26, 2023

Indian garment industry production declined sharply by 22.6 percent year on year between April and August this year Data from the Confederation of Indian Textile Industry (CITI) on the Index of Industrial Production for Textiles and Apparels informs that the garment index fell 22.6 percent in the first five months of fiscal 2024 “However, the […]

Industry

Surat Weavers Protest Imposition of VFY Anti-Dumping Duty

Textile Insights October 26, 2023

Various Surat textile industry associations, primarily those of weavers are up in arms against the decision of the Indian government to again impose anti-dumping duty on imports of viscose filament yarn (VFY). The anti-dumping duty on VFY was earlier removed in fiscal 2017-18, which led to weavers investing in modern and high speed weaving technologies […]

Industry

Obasanjo Appeals to FG to Protect Adire Production and Local Textiles

October 25, 2023

Former Nigerian President Olusegun Obasanjo has urged the Federal Government (FG) to ban the importation of Chinese adire into the country to safeguard the local adire market from potential harm. Obasanjo emphasized the need to protect local production of adire and other items that can be made in Nigeria. Speaking at the ‘Canada Trade Mission […]

Industry

All Kenyan Police & Military Uniforms To Be Produced Locally

Textile Insights October 25, 2023

Kenyan President William Ruto has announced that henceforth all uniforms of the police and armed forces will be produced in Kenya to promote domestic manufacturing. “Currently, the east African country imports 90 percent of its textiles and garment requirements from various countries like India, China, Pakistan, Turkey, etc,” Deutsche Welle stated. Caroline Karugu, an

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 billion as FDI in fiscal ending June 2023, […]

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