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Indian Textile Industry Trends For 2024 & Beyond

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Gujarat’s New Textile Policy: 30% Capital Subsidy Sparks Growth

Indian Textile Industry: Perspectives From 2023 And Hopes For 2024

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Corporates

Indian Oil Corp. Approves Rs 4,382 Crore Yarn Project In Odisha

Textile Insights December 23, 2024
Indian Oil Corporation (IOC), the state-owned company’s board approved an investment to establish a yarn project in Bhadrak, Odisha, in a 50:50 joint venture with MCPI Private Ltd. The project will involve the construction of a 900 TPD continuous polymerisation (CP) unit, along with downstream
Corporates

Vatsal Exports Achieves 245% Growth, Eyes Global Leadership

Textile Insights December 23, 2024
The global export landscape is shifting rapidly, and Vatsal Exports is at the forefront of this change. Under strong and visionary leadership, the company has achieved remarkable growth, even in the face of economic challenges. The Indian textile and apparel (T&A) sector has experienced its share of ups and downs, particularly with fluctuations in cotton […]
Industry

Dr Andrew Jordan Honoured In 2024 Cotton Hall Of Fame

Textile Insights December 23, 2024
Dr Andrew Jordan, a prominent figure in the cotton industry, has been named the 2024 Honouree for the Cotton Research and Promotion Hall of Fame. The eleventh annual recognition programme celebrates individuals who have made significant contributions to the cotton sector. Dr Jordan was formally inducted during the joint Cotton Incorporated/Cotton Board Annual Meeting on
Economy

Better Cotton Extends Agreement With Israel Cotton Board

Textile Insights December 23, 2024
Better Cotton has extended its standard recognition agreement with its strategic partner in Israel, the Israel Cotton Production and Marketing Board (ICB), for another year. The ICB, a farmer-owned cooperative, represents cotton growers across the country. Since 2020, ICB’s Israel Cotton Production Standard System (ICPSS) has been recognised as equivalent to the Better
Event

Italian Textile Machinery Manufacturers Gear Up For Colombiatex 2025

Textile Insights December 23, 2024
A total of 23 Italian textile machinery manufacturers will participate in Colombiatex, the premier Colombian textile fair, taking place from January 28 to 30, 2025. This highlights the robust relationship between Colombian textile companies and Italy’s advanced textile technology sector. Despite a decline in demand for textile machinery in Colombia during the first
Apparel, Fashion, Retail

Apparel Group Launches 24 New Retail Concepts At Doha Mall

Textile Insights December 23, 2024
Apparel Group, a global retail and fashion leader, has announced the launch of 24 new retail concepts at Doha Mall, a premier shopping destination in Qatar. These stores will feature renowned international brands, catering to the fashion-forward needs of Qatar’s diverse consumers. Strategically located in Abu Hamour at the intersection of Sixth Ring Road and […]
Sustainability

Lenzing Tops 2024 Canopy Ranking For Sustainability Leadership

Textile Insights December 23, 2024
The Lenzing Group, a leading supplier of regenerated cellulose fibres for the textile and nonwoven industries, secured first place in the prestigious 2024 Hot Button Ranking by the Canadian non-profit organization Canopy. Lenzing improved its score from 32 to 33 out of 40, earning a spot in the “Leading in CanopyStyle commitments” category, symbolized by […]
Industry

Vietnam Sets Ambitious US$ 47-48 Bln Export Target For 2025

Textile Insights December 19, 2024
The Vietnam Textile and Apparel Association (VITAS) has set an ambitious export goal of US$ 47-48 billion for 2025, supported by strong 2024 achievements and encouraging market signals. Many businesses have already secured orders for Q1 2025 and are in negotiations for Q2. Despite stagnant global consumption of textile and garment products in 2024, Vietnam’s […]
Corporates

Küçükçalık To Expand With US$ 50M IFC Investment

Textile Insights December 19, 2024
The International Finance Corporation (IFC) has committed a US$ 50 million investment in Küçükçalık Tekstil Sanayi ve Ticaret A.Ş. (Küçükçalık), a leading home textiles manufacturer with operations in Türkiye and Egypt. The funding will support capacity expansion and sustainability initiatives. The investment includes US$ 30 million from IFC’s own account and US$ 20
Event

Manufacturing’s Renaissance: Gearing Up For New Highs

Textile Insights December 18, 2024
India’s manufacturing sector stands at a critical inflection point, poised to redefine industrial excellence in a rapidly evolving global landscape. As the nation ambitiously targets a US$ 1 trillion manufacturing milestone by 2025-26, the sector confronts profound structural challenges that demand unprecedented strategic reimagination. The traditional paradigms of
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    Indian Textile Industry Trends For 2024 & Beyond

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