The Indian government has announced several strategic measures in the latest Union Budget, unveiled today by Finance Minister Nirmala Sitharaman. These initiatives aim to enhance the global competitiveness of India’s textile, leather and MSME sectors, which are vital to the
Sportking India Limited, a leading textile company in India, has announced strong financial results for Q1 FY25, ending 30th June 2024. The company reported a revenue of Rs. 634.0 crores, reflecting a 17.7% year-over-year (YoY) increase and a 3.7% rise quarter-over-quarter (QoQ). EBITDA surged by 48.3% YoY to Rs. 73.8 crores, with the EBITDA margin […]
Saurer has announced Ideal Group as the new agent for spinning and pre-spinning in Pakistan, effective 1 July 2024. Saurer recently hosted Khurram Ishtiaq, CEO and Muhammad Nasrullah, COO of Ideal Group at its Sustainability Hub in Übach-Palenberg, Germany. During their visit, they engaged in detailed discussions and in-depth training sessions and were introduced to […]
The Hirdaramani Group, a leader in apparel manufacturing and sustainability, has announced a significant LKR 10 billion investment in a new textile mill, ‘Mihila Tex’, in Pannala, Sri Lanka. This facility will enhance the future of the apparel industry and strengthen Sri Lanka’s role as a sustainable manufacturing hub. In partnership with Hengda Textiles, a
Waimea, the New York-based denim menswear brand, is set to enhance its offline footprint in India, just under two months after debuting its online platform in the country. This move comes as the company aims to capitalize on India’s burgeoning fashion market. The brand has already forged a partnership with Tipsy Topsy, a multi-brand outlet […]
The Institute of Engineers organized the 3rd edition of the Mega Textile Series TANA BANA at the Institution of Engineers. This prestigious event aims to bolster the textile industry at the grassroots level, providing a platform for textile entrepreneurs to learn and discuss techno-commercial topics impacting profitability and productivity. It also facilitates connections
Shoppers Stop Ltd reported its Q1 FY25 financial results, showing a 5% increase in GAAP sales to Rs 1,034 crore compared to the same quarter last year. Non-GAAP sales rose by 2% to Rs 1,260 crore. However, the company experienced a 170 basis point drop in gross margin to 40.6%, and EBITDA fell by 19% […]
Vinted, Europe’s leading online C2C marketplace for second-hand fashion, has appointed Maurizio D’Arrigo as CFO. Maurizio brings extensive experience in e-commerce and marketplaces, having begun his career at Accenture and spending nearly 20 years at eBay in roles such as CFO UK, CFO Europe and CFO, Global Markets. In 2024, he led eBay’s UK business. […]
A ceremony for Hengcheng textile factory took place in the Qantara West Industrial Zone of the Suez Canal Economic Zone (SCZone), marking a significant boost to the textile industry with $70 million in investments. The factory is expected to achieve annual sales of $300 million, contributing to industry growth. Spanning 200,000 sq metres, the factory […]
RSWM Limited, the flagship company of the LNJ Bhilwara Group and one of India’s largest textile manufacturers, has launched its Autumn-Winter 2025-26 collection. This latest offering highlights the company’s dedication to innovation, sustainability, and quality across its Greige Yarns, Melantra, LNJ Knits, and LNJ Denim divisions. Central to this season’s






















