News - Textile Insights - Page 2

Corporates

GC, WHA Group Expand WeCYCLE Initiative To Boost Circular Economy

Textile Insights June 29, 2026

PTT Global Chemical Public Company Ltd (GC) has signed a Memorandum of Understanding (MoU) with WHA Group and six partner organisations to expand the WeCYCLE initiative, reinforcing resource and waste management efforts to support Thailand’s transition to a low-carbon, circular economy.

Dyes & Chemicals

Chemours To Pay US$ 450 Mn In PFAS Settlement

Textile Insights June 29, 2026

Chemours Co. has agreed to a settlement worth approximately US$ 450 million with the U.S. government and multiple states over allegations of illegally discharging per- and polyfluoroalkyl substances (PFAS), commonly known as “forever chemicals.” The agreement marks the first federal enforcement settlement against a PFAS manufacturer. Filed in a federal court in

Corporates

Winsome Textile Approves Rs 170 Crore Expansion And Modernisation Project

Textile Insights June 29, 2026

Winsome Textile Industries Ltd has approved a Rs 170 crore investment to expand its dye house and modernise its spinning operations, aimed at increasing production capacity, improving operational efficiency and strengthening environmental sustainability. The proposal, approved by the company’s Board of Directors on June 25, 2026, includes the installation and

Corporates

Itema Highlights India Growth At Surat Customer Meet

Textile Insights June 29, 2026

Global weaving technology manufacturer Itema Group brought together more than 400 customers, textile entrepreneurs and industry stakeholders at its Customer Meet in Surat on June 24, highlighting the company’s global manufacturing capabilities, technological developments and long-term commitment to the Indian textile industry. The event commenced with a presentation

Cotton

Zimbabwe Unveils Reforms To Revive Cotton Sector

Textile Insights June 26, 2026

Zimbabwe is rolling out a series of reforms aimed at revitalising its cotton industry, with a focus on improving farmer incomes, boosting productivity and strengthening the country’s cotton value chain. The government plans to introduce pricing reforms to create a more balanced and sustainable system for both farmers and contractors, while expanding the use of […]

Cotton

Azerbaijan Plans Cotton Insurance Scheme To Reduce Market Risks

Textile Insights June 26, 2026

Azerbaijan is planning to introduce insurance mechanisms for the cotton sector to protect farmers and cotton producers from price volatility in international markets, as part of broader efforts to strengthen the industry’s long-term sustainability. The announcement was made by Zeynal Naghdaliyev, Assistant to the President of Azerbaijan and Head of the Department for

Technical Textile & Nonwoven

Tamil Nadu Targets Rs 1,000-Crore Technical Textiles Investment By 2030

Textile Insights June 26, 2026

The Tamil Nadu government has set a target of attracting Rs 1,000 crore in investments in the technical textiles sector by 2030, with a focus on expanding manufacturing capacity and promoting MSME participation in high-value textile segments. Announcing the initiative at a technical textiles conference in Coimbatore, the state government said the investment drive will […]

Industry

Maharashtra Mandates Clean Fuel For Bhiwandi Textile Dyeing Units

Textile Insights June 26, 2026

The Maharashtra government has made it mandatory for textile dyeing units in Bhiwandi to transition to cleaner fuels such as PNG, CNG and LPG as part of a broader strategy to reduce industrial pollution and improve environmental compliance across the state. Announcing the measures in the State Assembly, Environment and Climate Change Minister Pankaja Munde […]

Trade & Market

Goyal Says India-UK Trade Pact To Strengthen Global Growth

Textile Insights June 26, 2026

Union Commerce and Industry Minister Piyush Goyal has said the India-UK Comprehensive Economic and Trade Agreement (CETA) will strengthen bilateral economic ties and act as a catalyst for global growth by enhancing cooperation in trade, investment, technology and strategic sectors. Speaking at the India Global Forum’s UK-India Week 2026 in London, Goyal said the

Economy

IMF Retains India’s FY27 Growth Forecast At 6.5%

Textile Insights June 26, 2026

The International Monetary Fund (IMF) has reaffirmed its 6.5% growth forecast for India for FY2026-27, citing the country’s resilient economic performance despite geopolitical tensions in the Middle East and elevated global energy prices. The IMF said India continues to be a key contributor to global economic growth, supported by strong domestic demand and sustained

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