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Industry

CITI Urges Govt To Act Swiftly On New US Tariff Blow To Textile Sector

Textile Insights August 3, 2025
The Confederation of Indian Textile Industry (CITI) has called on the government to urgently support India’s textile and apparel exporters following the imposition of a steep 25% tariff on Indian imports by the U.S., the highest rate among major suppliers. The U.S., India’s largest export
Industry

ACIMIT Reports Slight Decline In Textile Machinery Orders In Q2 2025

Textile Insights August 3, 2025
The index of orders for textile machinery, compiled by ACIMIT, recorded a marginal decline of 1% in the second quarter of 2025 compared to the same period in 2024. The index stood at 47.1 points (base year 2021 = 100). This overall dip was largely offset by strong domestic demand. Orders from the Italian market […]
Corporates

Trident Group Becomes Title Sponsor Of PGTI Trident Open

Textile Insights August 3, 2025
Trident Group has made a strategic entry into Indian professional golf by partnering with the Professional Golf Tour of India (PGTI) as the title sponsor of the inaugural Trident Open Golf Championship, scheduled from November 11–14 at the prestigious Chandigarh Golf Club. The tournament carries a prize purse of Rs 1 crore. This collaboration marks […]
Corporates

SCZONE Breaks Ground On US$ 55 Mn Textile Projects In Sokhna

Textile Insights August 3, 2025
The General Authority for the Suez Canal Economic Zone (SCZONE) has launched two major textile projects within the TEDA–Egypt industrial developer area in the Sokhna Industrial Zone, with combined investments exceeding US$ 55 million. The ground-breaking ceremony was attended by Waleid Gamal El-Dien, Chairman of SCZONE, alongside senior officials and company
Corporates

Mayer & Cie. Expands Braiding Portfolio With 48-Carrier Machines

Textile Insights August 3, 2025
Mayer & Cie. has expanded its braiding portfolio with the successful development and delivery of two 48-carrier machines: the MR‑11, shipped in late 2024, and the MR‑15, delivered in July 2025. Both machines mark a significant milestone for the company’s braiding division, which has operated from Mayer & Cie.’s Albstadt headquarters since 2019. “With the […]
Corporates

T.T. Ltd Rights Issue Oversubscribed 1.13x, Raises Rs 40 Crore

Textile Insights August 3, 2025
T.T. Ltd has successfully closed its Rights Issue of 3,33,30,444 fully paid-up equity shares, raising Rs 40 crore, with the issue being oversubscribed 1.13 times. The issue, priced at Rs 12 per share (including a premium of Rs 11), closed on July 31, 2025, reflecting strong investor confidence in the company’s growth trajectory. The funds […]
Corporates

Trident Group Expands Global Footprint With New Office In Dubai

Textile Insights August 3, 2025
Trident Group, India’s leading business conglomerate and the world’s largest manufacturer of terry towels, has announced the opening of its new office in Dubai. Located at THTL Trading LLC, 1202, Maze Tower, Sheikh Zayed Road, near the Museum of the Future, the office will act as a strategic hub to strengthen the company’s presence across […]
Corporates

PUMA Appoints Andreas Hubert As Chief Operating Officer

Textile Insights August 3, 2025
The Supervisory Board of sports company PUMA has appointed Andreas Hubert (49) as Chief Operating Officer (COO), effective September 1, 2025. He will join PUMA’s Management Board, which will then comprise five members. As COO, Hubert will oversee global sourcing operations, sustainability and product development, IT and logistics. The new role consolidates responsibilities
Corporates

Sunil Krishnan Appointed Business Head – Knits Division At Alok Industries

Textile Insights August 3, 2025
Textile industry veteran Sunil Krishnan has taken charge as Business Head – Knits Division at Alok Industries Ltd., where he will be responsible for driving a topline in excess of ₹400 crore and maximizing profitability for the knits fabric division in alignment with the group’s vision. Krishnan, who brings over two decades of experience in […]
Financial Results

GHCL Textiles Q1 PAT Rises 14%, Expands Fabric Capacity

Textile Insights August 3, 2025
GHCL Textiles began FY26 on a strong note with the successful commissioning of its new 25,000 spindle facility in June, aimed at supporting its upcoming knitting operations and strengthening vertical integration. The company reported stable financials in Q1 FY26, with revenue at Rs 270 crore, EBITDA at Rs 32 crore (12% margin) and PAT at […]
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