News - Textile Insights

Cotton

Enhancing Cotton Supply Chain: New Collaboration with Abrapa and ANEA

June 27, 2024

In their ongoing pursuit of excellence in production processes, the company has taken another significant step forward in the cotton supply chain. Last week, they welcomed representatives from Abrapa (Associação Brasileira dos Produtores de Algodão) and ANEA (Associação Nacional dos

Cotton

OCA Launches in Türkiye to Boost Organic Cotton Production

June 27, 2024

The Organic Cotton Accelerator (OCA) proudly announces its launch in Türkiye, uniting players across the organic cotton value chain. OCA will support local organic cotton farmers and those interested in transitioning, scaling the global supply of organic cotton. To highlight the launch, OCA is hosting a stakeholder event in Istanbul this week. As the only […]

Apparel, Fashion, Retail

Raymond To Expand Ethnix Brand With 100+ New Stores By 2025

June 26, 2024

Raymond has announced plans to expand its Ethnix brand by adding over 100 new stores by fiscal 2025. Ethnix, which focuses on ethnic wear for celebrations, currently operates 114 stores. This expansion initiative aims to bolster the brand’s footprint and revenue within India’s ethnic wear segment, which has already made a significant contribution to

Cotton

TASMA Urges CCI to Maintain Cotton Supplies

June 26, 2024

The Tamil Nadu Spinning Mills Association (TASMA) has appealed to the Cotton Corporation of India (CCI) not to divert unsold cotton stocks to traders. In a letter reported by The Hindu, TASMA President AP Appukutti emphasized the resurgence of spinning mills due to increased garment orders and expressed confidence in procuring CCI’s cotton by August’s […]

Policies

Indonesia Imposes Import, Anti-Dumping Duties on Textiles Amid Industry Downturn

June 26, 2024

President Joko Widodo’s government has decided to impose safeguard import duties and anti-dumping measures on textiles, responding to severe challenges in the domestic industry. This move comes after reports of numerous closures of textile companies, resulting in approximately 150,000 job losses. Trade Minister Zulkifli Hasan announced the decision following a

Cotton

COCPC Meeting Highlights Increased Cotton Consumption And Enhanced Traceability

June 26, 2024

The third meeting of the Committee on Cotton Production and Consumption (COCPC) for the 2023-24 cotton season was held on June 24, 2024, under the chairpersonship of Textile Commissioner Roop Rashi. The meeting included representatives from the Central and State Governments, the textile industry, the cotton trade, and the ginning and pressing sectors. The committee […]

Policies

PLI Scheme Expanded to Boost Garment Sector, Announces Union Minister

June 26, 2024

Union Textiles Minister Giriraj Singh announced the expansion of the Rs 10,000 crore Production Linked Incentive (PLI) scheme to the garment sector, aiming to boost domestic manufacturing and exports. This announcement was made during his inaugural address at the India International Garment Fair (IIGF) at the Yashobhoomi Convention Centre. Singh emphasized the

Apparel, Fashion, Retail

Shoppers Stop Grows Despite Retail Sector Hurdles

June 25, 2024

Shoppers Stop Ltd., a premier Indian retail chain, has showcased robust resilience and strategic agility in a challenging retail environment during the financial year 2023-24. The company’s latest annual report highlights key achievements and sets a clear vision for future growth. Despite a tough year for the retail sector, Shoppers Stop reported a 3% increase […]

Corporates

Ananta Group Invests US$ 70M In Bangladesh Knit Fabric Facility

June 25, 2024

Ananta Group is poised to invest US$ 70 million in a new synthetic knit fabric manufacturing facility, supported by US$ 40 million from the Asian Development Bank (ADB) and syndicated arrangements. Despite challenges like dollar shortages for raw material imports and intermittent gas and electricity supply, the group aims to establish Ananta Knitwear Limited in […]

Product Launch & Innovation

Sourcery Launches Trade-Transforming Stock Option Programme

June 25, 2024

Sourcery has launched its Partner Stock Option Subscription Programme, inviting all Sourcery Partners—Growers, Manufacturers, Traders, and Brands—to take ownership in shaping the future of trade. This initiative allows Partners to purchase stock through their annual membership contributions, ensuring they have a stake in Sourcery’s mission to transform trade

Enhancing Cotton Supply Chain: New Collaboration with Abrapa and ANEA

OCA Launches in Türkiye to Boost Organic Cotton Production

Raymond To Expand Ethnix Brand With 100+ New Stores By 2025

TASMA Urges CCI to Maintain Cotton Supplies

Indonesia Imposes Import, Anti-Dumping Duties on Textiles Amid Industry Downturn

COCPC Meeting Highlights Increased Cotton Consumption And Enhanced Traceability

PLI Scheme Expanded to Boost Garment Sector, Announces Union Minister

Shoppers Stop Grows Despite Retail Sector Hurdles

Ananta Group Invests US$ 70M In Bangladesh Knit Fabric Facility

Sourcery Launches Trade-Transforming Stock Option Programme

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