News - Textile Insights

Financial Results

Siyaram Silk Mills Resilient In Q4FY24 Despite Challenges

May 15, 2024

Textile Giant Expands Retail Footprint, Announces Dividend Siyaram Silk Mills Ltd., a leading producer of high-fashion textiles, has released its financial results for the fourth quarter and fiscal year ending March 31, 2024. Despite facing challenges in consumer demand and market conditions,

Machinery

SAFIR PRO S67: Stäubli’s Latest Weaving Prep Innovation

May 14, 2024

Stäubli will present its latest high-end technologies, machinery, and solutions for the textile industry, offering enhanced benefits. An innovation to be showcased will be the SAFIR PRO S67, a new generation drawing-in machine for colored warps, dedicated to weaving preparation. Quality and high-speed processing of warps in weaving preparation: Introducing the NEW SAFIR

Export

Indian Cotton Yarn Export Volumes Increase 29% In February

Textile Insights May 14, 2024

Export volumes of Indian cotton yarn amounted to 100,600 tons in February 2024, an increase of 29.74 percent over February 2023 and 22.38 percent over January 2024. In terms of the market share of Indian cotton yarn exports in February, Bangladesh was the top destination with a 36 percent share, followed by China with around […]

Export

Indian Govt Will Focus On Boosting Textile & Garment Exports

Textile Insights May 14, 2024

“The government will focus attention on boosting India’s textile and garment exports, which fell in the previous two fiscals,” Textiles Secretary Rachna Shah said. In fiscal ending March 2024, India’s exports of textiles and clothing dropped 3.24 percent year over year to US $34.4 billion. As against this, overseas shipments of textiles and apparel amounted […]

Machinery

French Textile Machinery Producers Exhibiting At ITM 2024

Textile Insights May 14, 2024

Member companies of UCMTF, the association of French textile machinery manufacturers will be exhibiting at the upcoming ITM 2024 exhibition which will be held in Istanbul. The French exhibitors include Aesa Air Engineering, a specialist offering air conditioning solutions for worldwide textile factories. The company will showcase its latest generations of monitoring

Financial Results

Vardhman Textiles Net Profit Soars 26% In Q4 Of Fiscal 2024

Textile Insights May 14, 2024

Net profit at Ludhiana based Vardhman Textiles soared 26 percent to Rs 201 crore in the fourth quarter ended March 31, compared to Rs 159 crore in the comparable period of earlier fiscal. Revenue in the January to March 2024 period dropped marginally by one percent to Rs 2,459 crore, as against Rs 2,485 crore […]

Event

TAI Hosting Hybrid Lecture On Opportunities & Threats From AI

Textile Insights May 14, 2024

The Textile Association (India), Mumbai Unit is organising a hybrid lecture on May 17, 2024 at the TAI, Mumbai Unit Office, which will be followed by high tea. The theme of this lecture is ‘Opportunities & Threats AI poses for MSME textile units.’ The lecture will be held from 4.00 to 5.30 pm and there […]

Industry

CITI Gears Up For Future That Envisions Thriving Textile Sector

Textile Insights May 14, 2024

The Confederation of Indian Textile Industry (CITI) is gearing up for a future that envisions a thriving textile sector till 2047, which also marks ‘New India’s’ fulfillment of aspirations. “The textile industry is crafting an action plan not just for the immediate future but for the long haul till 2047,” CITI Chairman Rakesh Mehra said. […]

Industry

Renewables Now Account For 30% Of Global Electricity Output

Textile Insights May 13, 2024

Global solar and wind energy now account for 30 percent of overall worldwide electricity generation, according to a report by global energy think tank Ember. Since 2000, renewables have expanded from 19 percent to more than 30 percent of global electricity, driven by an increase in solar and wind from 0.2 percent in 2000 to […]

Financial Results

Net Profits Of Pak Listed Textile Companies Drop 64.2% In Q1

Textile Insights May 13, 2024

The stress on Pakistan’s Karachi Stock Exchange (KSE) listed textile and garment manufacturing companies continued into the first quarter of 2024 as the sector grappled with various challenges. So, while the KSE-100 Index broke all previous records, KSE listed textile and apparel sector companies posted a 64.2 percent year on year drop in net profits […]

Siyaram Silk Mills Resilient In Q4FY24 Despite Challenges

SAFIR PRO S67: Stäubli’s Latest Weaving Prep Innovation

Indian Cotton Yarn Export Volumes Increase 29% In February

Indian Govt Will Focus On Boosting Textile & Garment Exports

French Textile Machinery Producers Exhibiting At ITM 2024

Vardhman Textiles Net Profit Soars 26% In Q4 Of Fiscal 2024

TAI Hosting Hybrid Lecture On Opportunities & Threats From AI

CITI Gears Up For Future That Envisions Thriving Textile Sector

Renewables Now Account For 30% Of Global Electricity Output

Net Profits Of Pak Listed Textile Companies Drop 64.2% In Q1

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