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Korea Launches Strategy To Boost Textile And Fashion Industry

Textile Insights August 22, 2024

Korean’s Trade, Industry, and Energy Minister Dukgeun Ahn announced the “Textile and Fashion Industry Competitiveness Strategy” during a conference at the Textile Center in Seoul. The strategy aims to address key industry trends, including the rapid growth of the industrial textile

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Textiles Minister Reviews PLI Scheme Progress

Textile Insights August 22, 2024

Union Minister of Textiles, Giriraj Singh met the beneficiaries of the Production Linked Incentive (PLI) Scheme for MMF apparel, fabrics, and technical textiles on 20th August in New Delhi. The participants shared their ongoing commitment, successes, experiences, feedback, and challenges related to the scheme. Giriraj Singh confirmed the Government’s dedication to

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Government Approves Establishment Of 7 PM MITRA Parks to Boost Textile Sector

Textile Insights July 29, 2024

The Government has approved the establishment of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks on Greenfield/Brownfield sites, including a Greenfield project in Virudhunagar, Tamil Nadu. These parks will feature world-class infrastructure, including plug-and-play facilities, with a total outlay of Rs. 4,445 crore over seven years up to 2027-28. Each park

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CITI And TTF Sign MoU To Enhance Textile Industry Cooperation

July 11, 2024

The Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed a Memorandum of Understanding (MOU) to significantly enhance cooperation and foster exchanges in the textile and clothing industries. This pivotal agreement was formalized by Rakesh Mehra, Chairman of CITI and James Kuo, Chairman of TTF. Effective immediately, the MOU

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Kyrgyzstan Approves FTA With EAEU And Iran, Slashing Import Duties

June 27, 2024

The Parliament of Kyrgyzstan has approved the draft of the Federal Law on the Ratification of the Free Trade Agreement between the Eurasian Economic Union (EAEU) and Iran during its third reading, Trend reports via the parliament. The agreement, signed on December 25, 2023, in St. Petersburg, Russia, covers a broad range of topics, including […]

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Indonesia Imposes Import, Anti-Dumping Duties on Textiles Amid Industry Downturn

June 26, 2024

President Joko Widodo’s government has decided to impose safeguard import duties and anti-dumping measures on textiles, responding to severe challenges in the domestic industry. This move comes after reports of numerous closures of textile companies, resulting in approximately 150,000 job losses. Trade Minister Zulkifli Hasan announced the decision following a

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PLI Scheme Expanded to Boost Garment Sector, Announces Union Minister

June 26, 2024

Union Textiles Minister Giriraj Singh announced the expansion of the Rs 10,000 crore Production Linked Incentive (PLI) scheme to the garment sector, aiming to boost domestic manufacturing and exports. This announcement was made during his inaugural address at the India International Garment Fair (IIGF) at the Yashobhoomi Convention Centre. Singh emphasized the

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EU Ecodesign Regulation Challenges Indian Exporters

June 20, 2024

The European Union’s new ecodesign regulation, which sets stringent sustainability requirements for all products in the bloc, is expected to impact Indian exporters, particularly smaller businesses. The regulation bans the destruction of unsold textiles and footwear, which could limit orders. Issued a few weeks ago, the guidelines mandate product durability,

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India Extends PLI Scheme Timeline Amid Textile Export Challenges

June 19, 2024

The Indian government has decided to extend the timeline for setting up facilities under its Production Linked Incentive (PLI) scheme from two years to over three years. This adjustment aims to improve the scheme’s effectiveness in boosting India’s textile exports, which saw a decline of 11.69% from $16.24 billion in 2018 to $14.34 billion in […]

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MoT Approves Startups To Boost Innovation And Sustainability In Technical Textiles

June 14, 2024

The Ministry of Textiles (MoT) has approved seven startups under the GREAT scheme to foster innovation and sustainability in technical textiles. Smt. Rachna Shah, Secretary, Ministry of Textiles, announced this during the 7th meeting of the Empowered Programme Committee (EPC) of the National Technical Textiles Mission (NTTM). The GREAT scheme supports young innovators,