News - Textile Insights - Page 355

Software

Datatex ERP Solution For Bangladesh Textile & Apparel Sector

Textile Insights March 30, 2024

Datatex unveiled its ERP Software Suit designed for the Bangladeshi textile and apparel sector at a seminar organised by Datatex. “Bangladesh is a potential and key market for ERP systems and is very important to record data and analysis for the growth of the textile and garment sector,”

Industry

Nigerian Textile Workers Union Demand Reducing Import Bill

Textile Insights March 30, 2024

The National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) has urged the government to revive the textile industry and reduce US $4 billion imports of textiles and apparels This was mentioned by outgoing NUTGTWN President John Adaji at the 13th national delegate conference of the union. He lamented that Nigeria which had […]

Image Credit: Anar

Trade & Market

Surat Textile Traders Mull Agent Verification To Avert Frauds

Textile Insights March 30, 2024

In a bid to prevent frauds related to non-payment of textiles, the Surat based Federation of Surat Trade and Textile Association (FOSTTA) has introduced a standard operating procedure (SOP). The SOP mandates that agents submit their complete details in a form to traders before entering into transactions. The move aims to enhance transparency and accountability […]

Industry

Bangladesh Seeks Chinese Investment In Textile & Jute Sectors

Textile Insights March 30, 2024

Bangladesh invited Chinese investors to invest in its textile and jute sectors, since China is a development partner of Bangladesh. Textiles and Jute Minister Jahangir Kabir Nanak said this in a meeting with Chinese Ambassador to Bangladesh Yao Wen at his office. Nanak was accompanied by senior textile ministry officials, while Wen was also accompanied […]

Machinery

Itema Showing Two Weaving Machines At Techtextil North America

Textile Insights March 29, 2024

Itema will be displaying two of its most comprehensive weaving machines portfolio to weave technical fabrics at Techtextil North America which will be held from May 17-19 in Atlanta at Stall 2,802. This includes the UniRap, a Monorapier weaving machine, which combines the advantages of a positive rapier weft insertion with the gentle yarns’ treatment […]

Machinery

Trützschler Offers All Machines For Preparation Of Textile Waste

Textile Insights March 29, 2024

Trützschler has taken a bold step to tackle the global problem of textile waste and has expanded its portfolio and now offers all technologies for preparation of textile waste. “These include from mechanical recycling to the spinning preparation of torn secondary fibres,” the German company said in a press release. Tearing and spinning preparation are […]

Apparel, Fashion, Retail

French Bill Seeks Penalties Of Up To €10 On Fast Fashion

Textile Insights March 29, 2024

The French Parliament recently approved a bill seeking penalties on fast fashion products, which seeks gradual increase in penalties of up to €10 or US $11 per unit of apparel by 2030. The bill also calls for a ban on advertising for these products. However, the bill must also be approved by the French Senate […]

Industry

Indian Textile Industry Is Poised For Rebound In Sales – CRISIL

Textile Insights March 29, 2024

The CRISIL SME Tracker has reported that the Indian textile industry is poised for a rebound in sales after two years of contraction. The previous two financial years were challenging due to volatile cotton prices and subdued export demand. “However, the industry is expected to close this fiscal with lower revenue due to a correction […]

Apparel, Fashion, Retail

Myntra Grows At Twice The Pace Of Indian Online Fashion Market

Textile Insights March 29, 2024

Myntra one of India’s biggest online fashion, beauty and lifestyle platform, claimed it has grown at nearly twice the pace of the fashion ecommerce market in India in the second half of 2023. “Integral to this market-leading growth has been a 33 percent surge in Monthly Active Users (MAU), rising from 45 million in 2021 […]

Industry

Epic Group Investing Rs 220 Crore In Odisha Garment Facility

Textile Insights March 29, 2024

Epic Group, a Hong Kong-based apparel industry major is starting its first Indian apparel production plant in India, for which, it has acquired 40 acres of land in Bhubaneswar, Odisha. Colliers India, a diversified professional services and investment management company has been appointed to set up the manufacturing facility. Epic Group will invest around Rs […]

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