News - Textile Insights - Page 134

Industry

PM Modi Announces Next-Gen GST Reforms On Independence Day

Textile Insights August 18, 2025

On the occasion of India’s 79th Independence Day, Prime Minister Narendra Modi highlighted the transformative role of the Goods and Services Tax (GST), calling it one of the most significant economic reforms since its implementation in 2017. He said the next phase of GST reforms will be crucial

Industry

RMG Green Count In Bangladesh Rises To 258

Textile Insights August 14, 2025

Bangladesh’s ready-made garment (RMG) sector has further cemented its position as the world leader in green apparel manufacturing, with five more factories earning Leadership in Energy and Environmental Design (LEED) certification from the United States Green Building Council (USGBC). This latest addition brings the total number of LEED-certified garment factories in the

Cotton

India Imports 27 Lakh Bales Cotton In 2024–25

Textile Insights August 14, 2025

India imported 27.09 lakh bales of cotton worth Rs 7830 crore in the ongoing 2024–25 cotton season (up to May 31, 2025) with major supplies coming from Brazil, the USA and Australia, according to data tabled in the Lok Sabha by Pabitra Margherita, Minister of State for Textiles. The import list was led by Brazil […]

Industry

50 Textile Parks Sanctioned Under SITP, 1.23 Lakh Jobs Created

Textile Insights August 14, 2025

To boost investment, employment, and exports in the textile sector, the Ministry of Textiles has been implementing the Scheme for Integrated Textile Park (SITP), aimed at setting up world-class textile parks across India’s key textile hubs. While the SITP was in operation until March 31, 2021, it has since been subsumed under the Textile Cluster […]

Export

India Eyes EU, New Markets To Drive Textile Export Surge

Textile Insights August 14, 2025

India’s textile industry is gearing up to tackle global trade challenges head-on, with a renewed thrust on quality, zero defects, and export competitiveness, aiming for a US$ 100 billion export target by 2030. In a high-level meeting with top textile and apparel stakeholders at Sushma Swaraj Bhawan, Union Minister of Textiles Giriraj Singh, joined by […]

Corporates

MATEXIL Joins High-Level Talks With Textile Minister On Post-Tariff Strategy

Textile Insights August 14, 2025

The Man-Made and Technical Textiles Exporters Association of India (MATEXIL) participated in high-level consultations convened by the Hon’ble Textile Minister to discuss the evolving trade scenario following US President Donald Trump’s recent tariff announcement. MATEXIL Chairman Shaleen Toshniwal, Vice Chairman Anil Rajvanshi, and Narendra Dalmia attended the meeting

Industry

BGMEA Seeks US Man-Made Fibre Imports To Cut China Dependence

Textile Insights August 14, 2025

After recently unveiling plans to import cotton from the United States to help reduce the trade deficit, Bangladesh’s garment industry is now keen to source more man-made fibres such as polyester and nylon from the US, a market segment currently dominated by China. The interest was expressed during a meeting between leaders of the Bangladesh […]

Corporates

Borana Weaves Expands With 192 New Water Jet Looms

Textile Insights August 14, 2025

Borana Weaves Limited has begun commercial operations of 192 state-of-the-art water jet looms at its facility in Hojiwala Industrial Estate, Sachin, Surat, marking a significant milestone in its ongoing expansion plan to install a total of 348 looms. The new capacity is expected to boost operational efficiency, increase production volumes, and enable the company to […]

Event

Gartex Texprocess India 2025 Expands With New Segments

Textile Insights August 14, 2025

The 13th edition of Gartex Texprocess India is set to open at Bharat Mandapam, New Delhi, bringing an expanded line-up, fresh segments, and a strong international presence. Organised by MEX Exhibitions Pvt Ltd and Messe Frankfurt Trade Fairs India Pvt Ltd, the show will span Halls 2, 3, and 4, covering 1,50,000+ sq ft. This […]

Corporates

Eastman, Huafon Partner On Naia Yarn In China

Textile Insights August 14, 2025

Eastman has announced a formal strategic partnership with Huafon Chemical to establish a joint facility for the production of cellulose acetate yarn. The facility will focus on localized production and product innovation for Eastman Naia™ cellulose acetate filament yarns in China. “China is the world’s largest textile supply chain hub and a frontier for product […]

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