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Trade & Market

India Signs 10-Year Chabahar Port Deal: Key Move For Central Asia Trade

June 14, 2024

India has signed a landmark 10-year agreement with Iran to operate the Chabahar Port, marking a strategic move to bolster its foothold in Central Asia. The deal, between Indian Ports Global Ltd. (IPGL) and Iran’s Port and Maritime Organisation (PMO), grants India control over the Shahid

Apparel, Fashion, Retail

Fashion Pact’s Future Supplier Initiative Boosts Apparel Decarbonisation

June 14, 2024

The Future Supplier Initiative, led by The Fashion Pact in collaboration with the Apparel Impact Institute, Guidehouse, and DBS Bank, introduces a pioneering collective financing model aimed at driving deep decarbonisation within the global apparel sector. With an overwhelming 99% of fashion brand emissions originating in the supply chain (Scope 3), this initiative focuses

Apparel, Fashion, Retail

Jaypore Opens New Store In Hyderabad’s GVK Mall

June 14, 2024

Jaypore, India’s premier artisanal lifestyle brand under Aditya Birla Fashion and Retail (ABFRL), has opened its third store in Hyderabad, further solidifying its presence in the city renowned for its rich Deccan culture. Located in the popular GVK Mall, the new 1,675 square feet store offers customers an immersive journey into India’s artisanal legacy. Jaypore […]

Corporates

Suzano S/A Acquires 15% Stake In Lenzing Group

June 14, 2024

Lenzing Group, a leading supplier of regenerated cellulose fibers, announced a significant development: its main shareholder, B&C Group, has signed a long-term partnership with Brazilian pulp producer Suzano S/A. Under this agreement, Suzano S/A will acquire a 15 percent stake in Lenzing AG from B&C Group. Suzano, headquartered in Sao Paulo and recognized as the

Apparel, Fashion, Retail

GOREWEAR Introduces Ultimate Bib Shorts+ For Elite Cyclists

June 14, 2024

GOREWEAR, a pioneer in high-performance running and cycling apparel, has unveiled its latest addition to the cycling collection, the Ultimate Bib Shorts+. Crafted for demanding road and gravel rides, these bib shorts feature a custom-designed, multi-layer 3D printed seat pad for unparalleled comfort and support throughout extended rides. Designed in collaboration with

Trade & Market

Abaca Fiber Market Set To Grow To USD 356.6 Million By 2028

June 14, 2024

The global abaca fiber market is projected to expand by USD 356.6 million between 2024 and 2028, growing at a CAGR of nearly 13.76%. Technavio’s latest report highlights the rising adoption of abaca fiber in niche applications as a key growth driver. Despite challenges related to climate-sensitive cultivation, including extreme weather events, the market benefits

Tete-A-Tete

‘Vahdet Machines Have Removed Almost All Human Errors’, Says Muhammet Sahin

June 14, 2024

Vahdet Group is known for its 36 years of experience in circular knitting machine spare parts. Vahdet has ventured into manufacturing its own machines over the past three years, emphasizing European quality standards. In a recent conversation, Muhammet Mustafa Sahin, Project Engineer at Vahdet Tekstil Makina, dwelt on the remarkable advancements and strategic growth of

Tete-A-Tete

‘We Had Good Number of Potential Customers At ITM 2024’, Says V S Balasubramanian

June 14, 2024

Elgi Electric & Industries Ltd participated at the ITM 2024 exhibition, unveiling three new offerings to meet the demands of the spinning industry. V S Balasubramanian, the Vice President – Operations, provided insights into the company’s offerings and the response received at the event. Balasubramanian outlined the current offerings, including overhead cleaners,

Tete-A-Tete

‘Market May Be Poised For Next Phase of Development’, Says Prashant Mangukia

June 14, 2024

Yamuna Machine Works made its debut appearance at the ITM 2024 Exhibition, where it received a mixed response but promising signs of potential growth. Prashant Mangukia, the Director of Yamuna Machine Works, shared his insights on the feedback received and the trends observed during the event. Mangukia described the response as satisfactory, considering it was […]

Industry

Bangladesh Textile Mills Struggle With Banks’ Tk420 Crore LC Payment Delays

June 14, 2024

Bangladesh’s textile sector is grappling with a financial crisis as banks delay payments amounting to Tk420 crore against letters of credit (LC), even after more than six months of maturity. This issue has placed 52 textile mills in a precarious situation, prompting urgent appeals for intervention from the central bank. The Bangladesh Textile Mills Association […]

India Signs 10-Year Chabahar Port Deal: Key Move For Central Asia Trade

Fashion Pact’s Future Supplier Initiative Boosts Apparel Decarbonisation

Jaypore Opens New Store In Hyderabad’s GVK Mall

GOREWEAR Introduces Ultimate Bib Shorts+ For Elite Cyclists

Abaca Fiber Market Set To Grow To USD 356.6 Million By 2028

‘Vahdet Machines Have Removed Almost All Human Errors’, Says Muhammet Sahin

‘We Had Good Number of Potential Customers At ITM 2024’, Says V S Balasubramanian

‘Market May Be Poised For Next Phase of Development’, Says Prashant Mangukia

Bangladesh Textile Mills Struggle With Banks’ Tk420 Crore LC Payment Delays

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