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Corporates

Thermax Textile Plans Major Stake Sale In SBAC Bank

Textile Insights August 22, 2024

Thermax Textile Mills, a sponsor shareholder of SBAC Bank PLC, has announced plans to sell the majority of its stake in the bank. Thermax Textile is part of the Thermax Group, led by Chairman Abdul Kadir Molla, who currently holds a 4.27% stake in SBAC Bank PLC. A senior official of the private

Policies

Korea Launches Strategy To Boost Textile And Fashion Industry

Textile Insights August 22, 2024

Korean’s Trade, Industry, and Energy Minister Dukgeun Ahn announced the “Textile and Fashion Industry Competitiveness Strategy” during a conference at the Textile Center in Seoul. The strategy aims to address key industry trends, including the rapid growth of the industrial textile market, the increasing demand for eco-friendly products, and the widespread

Trade & Market

Maersk Opens Largest Middle East Logistics Park At Jeddah Port

Textile Insights August 22, 2024

A.P. Moller – Maersk and Saudi Arabia’s General Ports Authority, Mawani, have inaugurated the largest logistics park for Maersk in the Middle East, located at Jeddah Islamic Port. The ceremony was attended by notable figures including Engineer Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services, Omar bin Talal Hariri, Chairman of Mawani, and […]

Corporates

Sanathan Textiles Refiles IPO Papers For Rs 800 Cr

Textile Insights August 22, 2024

Sanathan Textiles, a yarn products manufacturer, has refiled its preliminary IPO papers with SEBI for the third time, aiming to raise Rs 800 crore. The IPO will feature a fresh issuance of equity shares worth Rs 500 crore and an offer-for-sale of Rs 300 crore by promoters. The company initially filed draft papers with SEBI […]

Apparel, Fashion, Retail

Seematti Launches India’s First AI Fashion Brand Ambassador

Textile Insights August 22, 2024

Seematti, a esteemed name in Indian textile industry, has made history by introducing India’s first AI-based fashion brand ambassador. The 110-year-old brand now features Isha Ravi, an AI fashion model with a flair for colors and travel, representing independence and style. Beena Kannan, Seematti’s CEO and lead designer, praised the innovation as a significant advancement

Policies

Textiles Minister Reviews PLI Scheme Progress

Textile Insights August 22, 2024

Union Minister of Textiles, Giriraj Singh met the beneficiaries of the Production Linked Incentive (PLI) Scheme for MMF apparel, fabrics, and technical textiles on 20th August in New Delhi. The participants shared their ongoing commitment, successes, experiences, feedback, and challenges related to the scheme. Giriraj Singh confirmed the Government’s dedication to

Industry

SCZONE Unveils US$ 40 Mln Eroglu Garment Project

Textile Insights August 22, 2024

The Suez Canal Economic Zone (SCZONE) marked a major breakthrough on August 13, 2024, as Waleid Gamal El-Dien, Chairman of SCZONE, inaugurated the revolutionary ceremony for the US$ 40 million “Eroglu Garment” project. This venture, in collaboration with Turkish Eroglu Global Holding Group, is set to develop 64,000 square meters in the Qantara West Industrial

Sustainability

Gensol Bags Rs 40 Cr Solar Project from Textile Firm

Textile Insights August 22, 2024

Gensol Engineering Limited, a leader in solar EPC and electric mobility solutions, has secured a Letter of Award (LOA) to execute a 16 MWp turnkey rooftop solar project valued at Rs. 40 crore for a prominent textile company under the commercial and industrial (C&I) segment. This repeat order will be installed in Madhya Pradesh, with […]

Apparel, Fashion, Retail

Pantaloons Launches Donald Duck 90th Anniversary Collection

Textile Insights August 22, 2024

Pantaloons, India’s leading fashion retail brand, is excited to announce a special collaboration with Disney to commemorate 90 years of Donald Duck. This vibrant women’s collection, featuring 25 exclusive styles, blends Donald Duck’s iconic charm with contemporary fashion, crafted by Mumbai-based illustrator collective, Doodle Mapuls. The collection includes bold

Corporates

Rohit Aggarwal To Lead Lenzing As CEO From Sept 1

Textile Insights August 22, 2024

The Lenzing Group, a leading supplier of regenerated cellulose fibers, will welcome Rohit Aggarwal as CEO, effective 1 September 2024. He succeeds Stephan Sielaff, who will depart at the end of August by mutual agreement with the Supervisory Board. Rohit Aggarwal brings decades of experience in the textile and chemical industries, with a strong track […]

Thermax Textile Plans Major Stake Sale In SBAC Bank

Sanathan Textiles Refiles IPO Papers For Rs 800 Cr

Seematti Launches India’s First AI Fashion Brand Ambassador

Textiles Minister Reviews PLI Scheme Progress

SCZONE Unveils US$ 40 Mln Eroglu Garment Project

Gensol Bags Rs 40 Cr Solar Project from Textile Firm

Pantaloons Launches Donald Duck 90th Anniversary Collection

Rohit Aggarwal To Lead Lenzing As CEO From Sept 1

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