News - Textile Insights

Corporates

Nizar Ali Moves To Benninger India As VP (Sales & Marketing)

Textile Insights May 2, 2026

After an extensive career spanning nearly 32 years at Voltas Limited, Nizar Ali has announced his decision to move on, marking the end of a long and impactful association with the company. Ali, who most recently served as Business Head – Post Spinning in the Textile Machinery Division at

Textile Park

PM MITRA Park Dhar Sees First Textile Units Move To Execution

Textile Insights April 30, 2026

The PM MITRA Park in Dhar, Madhya Pradesh, is entering the execution phase, with at least four textile companies set to begin construction in the first half of the current fiscal. Early movers include Jain Cord Industries Pvt Ltd, Vibrant Polymers LLP, Vansh Technofab Pvt Ltd and Sanathan Polycot Pvt Ltd, signalling a shift from […]

Industry

Ganga Expressway To Boost Textile Logistics And Industrial Growth In UP

Textile Insights April 30, 2026

Prime Minister Narendra Modi inaugurated the 594-km Ganga Expressway, a major infrastructure project expected to significantly strengthen textile logistics and industrial expansion in Uttar Pradesh. Chief Minister Yogi Adityanath was also present. The six-lane corridor, connecting Meerut to Prayagraj, will cut travel time by nearly half, enabling faster movement of textile

Export

CBIC Clarifies Duty Drawback On SEZ-To-DTA Re-Exports

Textile Insights April 30, 2026

The government has clarified that goods supplied from Special Economic Zone (SEZ) units to the Domestic Tariff Area (DTA) on payment of applicable duties and subsequently re-exported, will be treated as imported goods for the purpose of duty drawback. In an instruction to customs authorities, the Central Board of Indirect Taxes and Customs (CBIC) noted […]

Industry

Textiles Ministry Sets Up Monitoring Cell To Tackle West Asia Disruptions

Textile Insights April 30, 2026

The Ministry of Textiles has established a dedicated monitoring cell to coordinate closely with Export Promotion Councils (EPCs), industry bodies, and government agencies in response to the evolving situation in West Asia. The move aims to safeguard India’s textile exports and ensure minimal disruption to supply chains. Speaking at an inter-ministerial briefing, Trade

Dyes & Chemicals

Clariant Launches CATOFIN 1000 Catalyst To Boost PDH Efficiency

Textile Insights April 30, 2026

Clariant has introduced CATOFIN 1000, its next-generation propane dehydrogenation (PDH) catalyst, designed to enhance selectivity, productivity and operational reliability for propylene producers. Building on the proven CATOFIN 310 Series, the new catalyst delivers improved performance with an extended lifetime and up to 20% reduction in tar precursors, significantly

Product Launch & Innovation

Evonik Launches Asia Hub For Sports Material Innovation

Textile Insights April 30, 2026

Evonik has inaugurated the “Evonik Asia PAthletic Center,” a dedicated research and innovation hub focused on advancing polyamide solutions for the sports and consumer goods industries. The new facility will serve as a one-stop platform for long-chain polyamides, offering capabilities from material evaluation to application validation. With a strong focus on polyether

Corporates

BASF Commissions Aroma Plants In Germany, China

Textile Insights April 30, 2026

BASF has announced the commissioning of three new world-scale production facilities for menthol and linalool in Ludwigshafen and citral in Zhanjiang, strengthening its global aroma ingredients footprint. The citral plant in Zhanjiang will cater to both local demand and downstream production, including menthol and linalool at Ludwigshafen. Commercial production across all

Trade & Market

Egypt, Russia Sign MoU To Boost Maritime Trade And Logistics Cooperation

Textile Insights April 29, 2026

Egypt and Russia have signed a memorandum of understanding (MoU) to strengthen cooperation in maritime trade, transport and logistics, marking a step forward in bilateral economic ties. The agreement was signed by Egypt’s Minister of Transport Kamel El-Wazir and Nikolai Patrushev, aide to Russian President Vladimir Putin and Chairman of the Russian Maritime Council, during

Economy

ICE Cotton Gains On Weak Dollar, Weather Concerns

Textile Insights April 29, 2026

ICE cotton futures extended gains, supported by a weaker US dollar and ongoing drought concerns in West Texas, a key growing region. The most active July 2026 contract settled at 79.36 cents per pound, up 0.22 cent. A softer dollar, down 0.2 percent, made US cotton more attractive to global buyers, lending support to prices. […]

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