News - Textile Insights - Page 385

Policies

Interim Budget’s Infra Push And Measures To Boost Rural Consumption Likely To Revive Textile Demand

February 13, 2024

The domestic textile and apparel sector has welcomed the Interim Budget 2024 presented by the Union Finance Minister Nirmala Sitharaman, even as it fails to meet the expectations in a true sense. Industry players and observers believe that some of the macro-economic initiatives and measures in

Industry

Sun Chemical Addresses Global Freight Challenges Amid Red Sea Crisis

February 13, 2024

In response to the ongoing geopolitical instabilities affecting maritime transportation through the Suez Canal and Red Sea, Sun Chemical has announced the implementation of selected freight surcharges on a global scale. Since November, the region has experienced severe disruptions, impacting approximately 30% of the world’s container trade. Delays and rerouting

Sustainability

Epson’s Dry Fiber Technology To Tackle Recycling Challenges In Fashion Industry

February 13, 2024

Epson, the tech giant, is on a mission to address the increasing global demand for recycled fibres by leveraging its revolutionary Dry Fiber technology. In a significant move towards achieving this goal, Epson has recently joined forces with The Hong Kong Research Institute of Textiles and Apparel Ltd (HKRITA), a renowned R&D centre specializing in […]

Economy

Bharat Tex 2024 To See Confluence Of Handlooms & Handicrafts

Textile Insights February 13, 2024

Bharat Tex 2024, India’s premier global textile event, is set to witness a grand confluence of iconic handloom and handicraft traditions from Gujarat, Maharashtra, Telangana, Uttar Pradesh, and Madhya Pradesh. These five Indian states are set to captivate the spotlight as they present a shared narrative of artistic excellence, featuring handloom craftsmanship, and

Corporates

TCG Invests Rs 1,250cr In Hiking FDY Capacity At Garden Silk Mills

Textile Insights February 13, 2024

The Chatterjee Group (TCG), a private equity investor has invested Rs 1,250 crore for expansion of FDY capacity at Surat based Garden Silk Mills. The new FDY plant has a capacity of 272 tons per day and state-of-the-art Oerlikon Barmag Wings+ machines will produce FDY for knitting and weaving applications. Additionally, TCG has invested in […]

Textile Park

No Allocation For Kakatiya Mega Textile Park In Telangana Budget

Textile Insights February 13, 2024

In the budget presented for 2024-25, the Telangana government did not announce any allocation for the massive Kakatiya Mega Textile Park (KMTP) in the state. Touted as a fibre-to-fabric facility, the foundation stone of KMTP was laid seven years back, but is still to be operational and was supposed to provide employment to 60,000 people. […]

Industry

Massive Hike In Credit Facility For Egypt Textile Mill Modernisation

Textile Insights February 13, 2024

A consortium of Swiss banks has increased the credit limit of Egyptian government owned Cotton, Spinning, Weaving and Garment Holding Co. The consortium which includes Credit Suisse, UBS Switzerland and other Swiss banks agreed to increase the existing credit facility from €20 million to a massive €375 million. The higher credit limit will continue to […]

Fibre

Birla Cellulose Shows Recycled Fabrics & Apparels At PV Paris

Textile Insights February 13, 2024

Textile recycling innovator SaXcell showed fabric and apparel samples at the Birla Cellulose stall, which is one of the world’s largest manufacturers of manmade cellulosic fibre at PV Paris exhibition. “This partnership underscores the successful partnership between SaXcell and Birla Cellulose in the production of recycled man-made cellulosic fibres,” a Birla Cellulose

Cotton

US Textile Mills Cotton Use In 2023-24 To Be Lower Than 1885

Textile Insights February 13, 2024

US textile mills will consume just 1.74 million bales in the 2023-24 marketing year that ends in July, the lowest since 1885, which is one year before the Statue of Liberty was installed. “The US textile mills consumption figure is nearly 15 percent lower than the earlier marketing and even lower than the forecast of […]

Industry

HMX Offers Sustainable Cooling Systems For Industrial Sectors

Textile Insights February 12, 2024

HMX, an A.T.E. Group company, offers cooling solutions based on water rather than refrigerant gas, as water-based cooling always supplies only fresh air as against refrigerant air, where air is just re-circulated. HMX stands for ‘Heat Mass Exchange’ and is a company which manufacturers sustainable cooling options called Dama heat exchangers. HMX was set up […]

Previous
1
…
383
384
385
386
387
…
554
Next