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Indian Textile Industry Trends For 2024 & Beyond

December 12, 2023

The textile industry has been an integral part of human civilisation, catering to one of our basic needs – clothing. It is the place where art, technology and commerce intersect to create fabrics that clothe us and furnish our homes, along with myriad other uses we don’t even realise. In recent

Cotton

Indian Cotton – Towards Composite Economics

December 12, 2023

All-round growth can happen only if cotton is looked at holistically as fibre, food, feed, fodder and also fuel, says Suresh Kotak, Chairman, Textile Advisory Group. Kotak was speaking at the 81st Plenary Session of International Cotton Advisory Committee (ICAC) held from 2nd to 5th December, 2023, at Jio World Convention Centre in Mumbai. The […]

Industry

Climate Change Effects Happening Far Quicker Than Expected: WEMO Report

December 12, 2023

Capgemini, the leading IT services and consulting major, has published the 25th edition of its annual World Energy Markets Observatory (WEMO), created in partnership with Vaasa ETT and Enerdata. The report takes stock of the current state of the energy transition, revealing that, despite progress being made, greenhouse gas (GHG) emissions are continuing to increase, and

Sustainability

Waste2Fresh: Revolutionizing Sustainable Textile Industry Practices

December 11, 2023

Waste2Fresh is an innovative project addressing the global issue of denim waste water contamination through the implementation of innovative technologies. Textile dyeing and treatment contribute significantly to water pollution, with large denim factories using substantial amounts of water for their processes, leading to adverse environmental impacts. Waste2Fresh, funded

Special Report

Change the Mindset, Devise Strategy & Plan Roadmap

December 11, 2023

Kenya & India: A Strategic Partnership by Avinash Mayekar, Suvin Expo LLP During my recent visit to Kenya for the ITME Africa & ME 2023 technology & engineering show, I gained valuable insights into Kenya as a developing textile hub. Through key interactions with the government, local bodies, and industry patrons of Kenya, I comprehended […]

Event

ITMA ASIA + CITME: A Success For VDMA Member Companies

December 11, 2023

Over 40 VDMA member companies showcased their innovative products at ITMA ASIA CITME in Shanghai. Dr. Janpeter Horn, Chairman of the VDMA Textile Machinery Association, expressed satisfaction with the event, noting that it exceeded expectations in terms of both visitor numbers and the quality of discussions, despite a challenging market situation. Many exhibitors focused

Corporates

Bannari Amman To Sell Textile Assets To SP Apparels

Textile Insights December 11, 2023

In a stock exchange filing, Bannari Amman Spinning Mills Ltd (BASML) has said that SP Apparels Ltd has expressed interest in buying a few of its textile assets. Bannari Amman will utilise the funds received from the sales of these assets to reduce its borrowings. However, the company has not disclosed the transaction value The […]

Apparel, Fashion, Retail

Goyal Confident Of Apparel Exports Reaching $40bn By 2030

Textile Insights December 11, 2023

Textiles Minister Piyush Goyal expressed confidence that India’s garment exports would reach the target of US $40 billion by 2030. “$40 billion target by 2030 is clearly achievable,” he added Goyal said the Indian government is taking steps to promote exports such as entering into free trade agreements and promoting brand India. Piyush Goyal was […]

Industry

Bangladesh Textile Industry Seeks Higher Limits Of LC’s

Textile Insights December 11, 2023

Textile mills in Bangladesh have urged the central bank of Bangladesh to raise the limit of letters of credit (LCs) so that they can import more raw materials. The Bangladesh Textile Mills Association (BTMA) sent a letter to Bangladesh Bank requesting for a hike in LC limit last week, in which the trade body also […]

Cotton

Better Cotton Supports UN’s ‘Uniting Sustainable Actions’

Textile Insights December 11, 2023

Better Cotton has pledged its support to the United Nations’ International Trade Centre’s (ITC) ‘Uniting Sustainable Actions’ initiative, which champions the work of small and medium sized enterprises (SMEs) in global supply chains. The initiative endeavours to highlight and reward the contributions of SMEs by collating and publicising their sustainability credentials on

Indian Textile Industry Trends For 2024 & Beyond

Indian Cotton – Towards Composite Economics

Climate Change Effects Happening Far Quicker Than Expected: WEMO Report

Waste2Fresh: Revolutionizing Sustainable Textile Industry Practices

Change the Mindset, Devise Strategy & Plan Roadmap

ITMA ASIA + CITME: A Success For VDMA Member Companies

Bannari Amman To Sell Textile Assets To SP Apparels

Goyal Confident Of Apparel Exports Reaching $40bn By 2030

Bangladesh Textile Industry Seeks Higher Limits Of LC’s

Better Cotton Supports UN’s ‘Uniting Sustainable Actions’

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