News - Textile Insights - Page 11

Industry

Government Initiatives Fuel Growth Of India’s Textile Sector

Textile Insights June 15, 2026

India’s textile and apparel industry has expanded rapidly over the past decade, driven by policy initiatives aimed at strengthening manufacturing, exports and technological advancement. According to the Ministry of Textiles, the sector is currently valued at around US$ 190 billion and is

Industry

Five Major Textile Parks Approved Across Uttar Pradesh

Textile Insights June 15, 2026

The Uttar Pradesh government has cleared the way for the development of five major textile and apparel parks across the state, with land transfer approvals granted by the state cabinet. The proposed parks will be developed in Varanasi, Amroha, Bareilly, Sant Kabir Nagar and Bijnor, covering a total area of over 326 acres. The projects […]

Corporates

India Ratings Revises RSWM Outlook To Stable, Affirms ‘IND A’ Rating

Textile Insights June 12, 2026

RSWM Ltd., part of the LNJ Bhilwara Group and one of India’s leading manufacturers of synthetic, mélange, cotton and blended yarns, denim fabric, knitted fabric and green polyester fibre, has received a revised credit outlook from India Ratings & Research (Ind-Ra). The agency has upgraded the company’s outlook from Negative to Stable while reaffirming its […]

Industry

Odisha Clears Rs 210 Cr Hostel Project For Women Textile Workers In Khurda

Textile Insights June 12, 2026

The Odisha Cabinet has approved a major infrastructure project to develop a dedicated hostel facility for women workers in the Kalibeti Industrial Zone of Khurda district, marking a significant step toward strengthening workforce support in the state’s growing textile and apparel sector. The proposed project, with an investment of Rs 210.36 crore (about US$ 22.01 […]

Industry

Nigerian Senate Pushes For Import Ban To Revive Domestic Textile Industry

Textile Insights June 12, 2026

The Nigerian Senate has called on the Federal Government to consider restricting imports of foreign textile materials as part of a broader strategy to revive the country’s struggling textile sector, strengthen local manufacturing and boost cotton production. The resolution followed the adoption of a motion titled Urgent Need to Revive the Textile Industries in Nigeria […]

Industry

Sri Lanka Replaces Textile Import Cess With 18% VAT

Textile Insights June 12, 2026

Sri Lanka’s textile industry is set for a major adjustment in import taxation after the government introduced a new fiscal framework that replaces the existing cess on imported textiles with an 18% Value Added Tax (VAT). The change, which came into effect on April 1, 2026, is part of broader reforms aimed at simplifying the […]

Industry

NCTO Welcomes House NDAA Provisions To Strengthen Berry Amendment Compliance

Textile Insights June 12, 2026

The National Council of Textile Organizations (NCTO) has welcomed the passage of the Fiscal Year 2027 National Defense Authorization Act (NDAA) by the House Armed Services Committee (HASC), citing new provisions designed to strengthen compliance with the Berry Amendment and reinforce domestic textile manufacturing. The House NDAA includes several reporting requirements

Sustainability

SBTi Unveils Corporate Net-Zero Standard V2.0 To Drive Climate Action

Textile Insights June 12, 2026

The Science Based Targets initiative (SBTi) has launched the Corporate Net-Zero Standard Version 2.0, a major update to its flagship framework aimed at helping companies accelerate decarbonization while addressing the practical challenges of achieving net-zero emissions. The revised standard introduces greater flexibility in target-setting, allowing businesses to adopt

Sustainability

lululemon Invests In Renewable Energy Fund To Decarbonize Supply Chain

Textile Insights June 12, 2026

Canadian athletic apparel brand lululemon has invested in a renewable energy fund aimed at accelerating supply chain decarbonization and supporting its 2030 climate targets. The initiative focuses on expanding renewable electricity capacity in China, a key manufacturing hub for the company. Managed by Schroders Capital’s Infrastructure team, the fund invests in late-stage

Corporates

Alok Mishra Appointed Co-Chair Of ASSOCHAM Maharashtra Sustainability Sector

Textile Insights June 12, 2026

ASSOCHAM has appointed Alok Mishra, President and Group Head – Sustainability at Welspun World, as Co-Chair of the Sustainability Sector under its Maharashtra State Council. With over 25 years of experience in sustainability, environment and ESG management across industries including textiles, petrochemicals, pharmaceuticals, steel, infrastructure and agribusiness, Mishra

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