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Indian Textile Industry Trends For 2024 & Beyond

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Event

Barmag Showcases Sustainable DTY Solutions At Morocco Stitch & Tex Expo 2025

Textile Insights April 4, 2025
With a strong focus on sustainability, Barmag, a subsidiary of the Swiss Oerlikon Group, is set to present its latest innovations in DTY and carpet yarn production at the Morocco Stitch & Tex Expo in Casablanca from May 13 to 15. Visitors can engage with experts from Barmag and its joint
Export

India’s Textile Exports: Bold Reforms Needed To Hit US$ 100 Billion By 2030

Textile Insights April 4, 2025
India has set an ambitious target of increasing its textile and apparel (T&A) exports from US$ 34.8 billion in FY24 to US$ 100 billion by 2030. However, this goal appears challenging unless substantial, game-changing reforms are introduced. Historically, India’s T&A exports have grown from US$ 11.5 billion in FY01 to US$ 34.8 billion in FY24, […]
Industry

ICRA Projects Growth For Indian Garment Industry In FY25

Textile Insights April 4, 2025
The Indian garment industry is poised for a strong recovery, with ICRA projecting a revenue growth of 12–14% in FY2025 and 9–11% in FY2026, driven by the global China Plus One sourcing strategy and inventory correction by global retailers. This comes after apparel exports from India rose 11.6% year-on-year during April–January FY2025, rebounding from a […]
Industry

Wage Theft Crisis In Bangladesh’s Garment Sector Demands Global Action

Textile Insights April 4, 2025
Bangladesh’s garment industry, a cornerstone of the global fast-fashion economy, is in the midst of a deepening wage theft crisis that threatens to tarnish the country’s development success. Despite employing over 4 million workers—most of them women—and producing apparel for top global brands like H&M and Zara, thousands of factories across Dhaka, Ashulia,
Industry

Bangladesh Struggles To Capitalize On China’s Zero-Duty Trade Benefits

Textile Insights April 4, 2025
Bangladesh has been unable to fully leverage the zero-duty trade benefits offered by China, largely due to a lack of product diversification. While imports from China have steadily risen, Bangladesh’s exports to its largest trading partner remain modest, failing to surpass the $1-billion mark. This imbalance highlights Dhaka’s increasing reliance on a single sourcing
Event

Cambodia Global Textile Summit 2025 Focuses On Innovation And Sustainability

Textile Insights April 4, 2025
The Cambodia Global Textile Summit 2025 (March 31-April 1) in Phnom Penh brought together government officials, international brand leaders, and industry stakeholders to discuss sustainability, innovation, and competitiveness in the textile and garment sector. Deputy Prime Minister Sun Chanthol, who presided over the inaugural session, emphasized Cambodia’s competitive
Fibre

Bangladesh Bans Yarn Imports Via Land Ports, Exporters Protest

Textile Insights April 4, 2025
The Bangladeshi government has halted the import of yarn through land ports, citing concerns over undervaluation and inadequate infrastructure to properly classify different yarn categories. The Ministry of Commerce, in a notification issued on March 27, stated that investigations based on information from the Bangladesh Textile Mills Association (BTMA) confirmed
Policies

Trump Slaps 26% Tariff On Indian Goods: Impact On Trade And Economy

Textile Insights April 4, 2025
US President Donald Trump has unveiled a sweeping tariff policy, imposing a 26% reciprocal duty on Indian imports as part of his broader economic strategy. Announcing April 2, 2025, as ‘Liberation Day,’ Trump accused foreign nations of exploiting the US through unfair trade practices and justified the move as a corrective measure rather than a […]
Corporates

Vadiraj Kulkarni Appointed Business Head of Cellulosic Fibres At Grasim

Textile Insights April 1, 2025
Vadiraj Kulkarni has taken over as the Business Head of the Cellulosic Fibres division at Grasim Industries, effective April 1, 2025. With over 28 years of experience in P&L management, operations, and manufacturing at ITC Limited, he joined the Aditya Birla Group on October 1, 2024. HK Agarwal, the former head of the Cellulosic Fibres […]
Event

ITMA ASIA+CITME, Singapore 2025, Opens Online Visitor Registration

Textile Insights March 29, 2025
Over 770 exhibitors confirmed for the premier textile technology exhibition Online visitor registration for ITMA ASIA+CITME, Singapore 2025, is now open, offering early registrants a 50% discount on onsite rates. The exhibition, set to take place from 28 to 31 October 2025, is expected to attract visitors from key textile and garment production hubs. Visitors […]
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    Indian Textile Industry Trends For 2024 & Beyond

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