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Indian Textile Industry Trends For 2024 & Beyond

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Bangladeshi Garment Exports To India Fall 22% In July-March

Textile Insights May 23, 2024
Exports of garments from Bangladesh to India fell to US $645.18 million between July and March of fiscal 2023-24, down 22.31 percent from $830.51 million in same period of previous fiscal. Exports of garments to India dropped despite overseas shipments rising to other non-traditional markets,
Cotton

India’s Cotton Production Gallops, While Pakistan’s Lags

Textile Insights May 23, 2024
Until the 1990s, India lagged behind Pakistan in cotton production. However, today, India has not only surpassed Pakistan but also topped the global ranking. Indian cotton production will be 34.7 million bales of cotton in the 2023-24 season, accounting for 25 percent of the world’s total production. While Pakistan’s production remains at barely 8-9 million […]
Financial Results

Dollar Industries Records Highest Ever Annual And Quarterly Revenue

May 23, 2024
Dollar Industries Limited, one of the most trusted names in the lifestyle outerwear & innerwear business, announced its Q4 FY24 and FY24 results. The Board of Directors of Dollar Industries Limited, at its meeting held on 21st May 2024, took on record the Audited Financial Results for the fourth quarter and full year of Financial […]
Technical Textile & Nonwoven

Govt Planning QCO In Build Tech Segment Of Technical Textiles

Textile Insights May 22, 2024
The Indian government is planning to introduce Quality Control Orders (QCOs) targeting 11 key technical textile products in the build tech category. The government is doing so to step up safety standards of clothing used by workers and professionals in the construction sector. These QCOs are specifically designed to elevate the quality and performance of […]
Corporates

Fast Fashion Brand Shein Plans London Stock Exchange IPO

Textile Insights May 22, 2024
Fast fashion brand Shein which had earlier planned to launch an IPO on the Chinese stock exchange has changed plans and will now submit an IPO application to the London Stock Exchange. Earlier this year, the China Securities Regulatory Commission advised Shein against an IPO in the United States due to the company’s supply chain […]
Software

Datacolor Releases Significant Software Portfolio Updates

Textile Insights May 22, 2024
Datacolor has released significant software portfolio updates, including the integration of Colibri support and enhancements to its colour matching and quality control (QC) tools. The latest version of the Colibri workflow software (version 24.1) released recently, includes many new features, including increased security, improved recipe correction and performance
Corporates

Thailand based Indorama Ventures Rebrands & Rolls Out New Logo

Textile Insights May 22, 2024
Indorama Ventures Public Co. Ltd. Has developed and launched a new logo to reflect its modernity, sustainability, innovation, and the quality its provides to its customers worldwide. “The new logo conveys our commitment to be a world-class sustainable chemical company producing indispensable chemistry that touches billions of lives every day,” the Aloke Lohia led company
Event

ITM 2024 To See Record Exhibition Space & Exhibitor Numbers

Textile Insights May 22, 2024
ITM 2024 exhibition which will be held from June 4-8, 2024 will break new records in terms of exhibition space and also exhibitor numbers The exhibition is seeing a significant increase in number of new exhibition companies due to which their numbers have reached more than 1,300 companies from more than 70 countries. The exhibition […]
Financial Results

Trident Ltd Net Profit Drops Sharply By 54.8% In Q4FY’24

Textile Insights May 22, 2024
In the fourth fiscal quarter ending March 31, 2024, net profit at Ludhiana based Trident Ltd dropped sharply by 54.8 percent over the same quarter in the previous fiscal to Rs 59 crore. However, revenue increased 6.9 percent from a year ago quarter in the Rajinder Gupta led textiles manufacturer to Rs 1,682 crore in […]
Nivedan Churiwal, Managing Director of BSL Limited,
Financial Results

BSL Ltd Achieves 41.3% Revenue Growth In FY24, Announces 10% Dividend

May 22, 2024
BSL Limited, a pioneering company in the textile industry, operates a fully integrated unit encompassing spinning, weaving, processing, and manufacturing capabilities using state-of-the-art technologies sourced globally. The company has published its Audited Financial Results for the fourth quarter (Q4) and the financial year (FY) ending on 31st March 2024. Q4 & FY24
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