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Bangladesh’s July-April Garment Exports To New Markets Up 10%

Textile Insights May 30, 2024
In the July to April months of fiscal 2023-24, Bangladesh’s apparel exports to new markets increased 10 percent year on year and touched US $7.70 billion. Growth to new markets included Saudi Arabia with 58 percent growth, Turkey with 54 percent, UAE with 42 percent, Australia with 17.18
Sustainability

Organisations Partner To Boost Indian Apparels Sustainability

Textile Insights May 30, 2024
SU.RE (Sustainable Resolution) has partnered with the British Council to launch a new project aimed at transforming India’s apparel sector and will run from May to October 2024. This collaboration, which engages key SU.RE signatories with the UK’s New Landscape programme, marks a pivotal step towards fostering sustainable practices and innovation in fashion. The SU.RE […]
Financial Results

Mafatlal Industries’ FY24 Report: Revenue Peaks, Profit Peaks

May 29, 2024
Mafatlal Industries Ltd, a cornerstone of India’s textile sector, has announced its audited financial results for the fourth quarter (Q4FY24) and the full fiscal year (FY24), marking a historic milestone with the highest ever quarterly and annual revenues in the company’s long-standing history. In Q4FY24, the company achieved an unprecedented revenue from
Financial Results

FY24 Milestone: Garware Technical Fibres Surpasses Rs. 200 Crore PAT, Rs. 100 EPS

May 29, 2024
Garware Technical Fibres Ltd., a prominent manufacturer of technical textiles serving both domestic and international markets, released its audited financial results for the quarter and fiscal year ending March 31, 2024. In the fourth quarter of FY24, Garware Technical Fibres recorded a 3% increase in net sales, totaling Rs. 382.3 Crores compared to Rs. 370.5 […]
Industry

Nigeria Attracts $3.5bn Investment In Textile & Apparel Sector

Textile Insights May 29, 2024
Nigeria’s Minister Of Industry, Trade And Investment Doris Uzoka-Anite said the government has attracted US $3.5 billion investment to boost the textile and apparel industry. Uzoka-Anite said this while sharing the sectoral report on the government’s first year in office. She added that efforts are in place to optimise performance of the Nigerian textile and […]
Export

Vietnamese Garment Export Orders Increase In Second Quarter

Textile Insights May 29, 2024
Since the beginning of this year and especially in the second quarter, Vietnamese garment exporters are being flooded with orders resulting in few companies recruiting new workers or working overtime. Export orders at garment enterprises in Ho Chi Minh City increased sharply, with some enterprises increasing more than 20 percent over the same period last […]
Event

First Edition Of APTEXPO 2024 Taking Place In Singapore In Nov

Textile Insights May 29, 2024
The first Asia-Pacific Textile and Apparel Supply Chain Expo (APTEXPO 2024) will take place from November 13-15, 2024 at the Sands Exhibition and Convention Center in Singapore. APTEXPO 2024 is being held under the theme of ‘Re-engineering towards a Resilient, Adaptive and Sustainable Supply Chain’ and will help stakeholders develop and overcome challenges. The event […]
Export

Volume Of US Apparel Imports Rebound In First Quarter Of 2024

Textile Insights May 29, 2024
In the first quarter of 2024, volume of US apparel imports began to rebound, however value of garment imports continued to decline but varied in case of origin of imports. In the first three months of 2024, US clothing imports from Bangladesh fell 12 percent year-on-year. But while cotton clothing imports remained stable, manmade fibre […]
Export

Bangladesh Hardly Utilising Regional Export Trade Potential

Textile Insights May 29, 2024
Bangladesh is hardly utilising its regional trade potential as less than 5 percent of its total exports go to India and China, countries that are members of the Association of Southeast Asian Nations (ASEAN). “Bangladeshi exports to China and India stood at $4.05 billion in 2020, but even in 2022 Bangladesh could export only $2.64 […]
Cotton

Brazilian Cotton Exports To Surpass Those From US In 2023-24

Textile Insights May 29, 2024
Cotton exports from Brazil are expected to reach 2.8 million tons in the 2023-24 marketing season, an increase of 12 percent compared to the previous month’s forecast. “The volume, which is 300,000 tons greater than the last estimate, would place Brazil as the main global exporter of cotton, surpassing the USA,” a report from StoneX, […]
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