Value-added textile exporters have vehemently opposed the proposed transition from the one percent turnover-based Final Tax Regime (FTR) to standard taxation at 29 percent of taxable profit. They argue that such a move, if implemented through the Finance Bill 2024, would severely harm exports
For the first time, the Gujarat Mineral Development Corporation (GMDC) has begun supplying lignite to 400 textile mills in Surat during the monsoon season. Previously, GMDC’s lignite mines would shut down during the monsoon, forcing mills to import lignite from abroad, primarily Indonesia, at prices two to three times higher than domestic rates. Jitendar Vakhariya, […]
Nigeria’s textile industry faces severe challenges, despite revival efforts and protection policies. Once a robust sector with 180 mills and over one million workers, the industry has dwindled to just five operational mills and less than 2,000 workers. Contributing factors include large-scale smuggling, inconsistent government policies, power shortages, and high funding
The International Textile Manufacturers Federation (ITMF) has released the findings of the 26th Global Textile Industry Survey (GTIS), conducted in May 2024. The results indicate a persistent stagnation in the textile business climate, despite a marginal improvement in the economic situation as more companies rate their business as “satisfactory.” However, this positive
Tommy Hilfiger, part of PVH Corp., announced a multi-year partnership with the United States SailGP Team as their Official Lifestyle Apparel Partner. Emphasizing a shared ethos of disruption and innovation, the collaboration aims to push the boundaries of performance, design, and culture. “Since I was young, I always loved sailing and the nautical lifestyle, but […]
Centric Brands LLC announced an exclusive global licensing agreement with the Messi Brand to design, manufacture, and distribute an extensive range of Messi-branded lifestyle products. Through this agreement, the Messi Brand joins Centric Brands’ diverse portfolio of premier industry-leading brands, leveraging Centric’s unparalleled design, marketing, and operational
Ralph Lauren revealed Team USA’s opening and closing ceremony parade uniforms for the Olympic and Paralympic Games Paris 2024, marking the ninth time as an Official Outfitter of Team USA. These uniforms blend sporting elegance with modernity, celebrating classic styles meant to endure for generations while showcasing iconic American style on a global stage. David […]
YarnMaster PRISMA has unveiled its new compactness feature, set to transform the compact yarn spinning industry. This advanced tool offers unparalleled precision in detecting long faults, twist deviations, hairiness and compactness differences in yarn. By focusing on minimizing waste and optimizing raw material utilization, the compactness feature significantly reduces
The Zero Discharge of Hazardous Chemicals (ZDHC) initiative has released a new Commodity Chemicals Guide aimed at supporting textile and leather manufacturers in the responsible procurement of commodity chemicals. The primary objective of this guide is to encourage manufacturers to evaluate their chemical vendors not only on the basis of price and quality but also […]
Ranjan Group, renowned for its premium suiting fabrics, has reinforced its commitment to quality and productivity with Picanol’s innovative weaving machines. Since its initial investment in 2016, Ranjan Group has steadily expanded its fleet of Picanol airjet weaving machines to 88 units spread across three strategic locations. Pushpendra Bewswal, Director of Ranjan





















