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Technical Textile & Nonwoven

TN Govt May Buy Technical Textile Products From Local Sources

Textile Insights February 3, 2024

The Tamil Nadu government is likely to look at a procurement policy to buy its technical textile requirements from local industries. “The procurement policy is likely to be a part of the state’s textile policy,” Dharmendra Pratap Yadav, Secretary in the Department of Handlooms, Handicrafts,

Sustainability

Indorama Ventures Awarded ‘Platinum Medal’ By Ecovadis

Textile Insights February 3, 2024

Indorama Ventures has bagged the prestigious ‘Platinum Medal’ from EcoVadis’ Sustainability Assessment, which underscores the company’s unwavering commitment to sustainability. Indorama Ventures actively participates in the annual EcoVadis assessment to measure its sustainable practices, ensuring alignment with the diverse requirements of key customers. In the latest

Sivaramakrishnan Ganapathi, Vice Chairman & MD of Gokaldas Exports

Corporates

Gokuldas Acquires Matrix Clothing’s Knit Apparel Business

Textile Insights February 3, 2024

One of the biggest Indian garment exporters Gokuldas Exports Ltd (GEL), will acquire the knit apparel business of Matrix Clothing Private Ltd (MCPL) for an enterprise value amounting to Rs 489 crore. Of this Rs 489 crore, Rs 247.5 crore is being paid by way of preferential allotment of shares of Gokaldas Exports through a […]

Industry

CITI Welcomes 27.6% Hike In Textile Sector Budget Allocation

Textile Insights February 2, 2024

Confederation of Indian Textile Industry (CITI) welcomed the budget allocation for textiles which has increased by 27.6 percent, largely due to the allocation of Rs 600 crore for Cotton Corporation of India (CCI) towards cotton MSP operations. CITI Chairman Rakesh Mehra expressed hope that the cotton procurement will be as per revamped policies recommended by […]

Dyes & Chemicals

Archroma Tweaks Dye Recipe To Make It More Cost-Effective

Textile Insights February 2, 2024

Archroma has extended its Avitera SE technology by launching Avitera SE Generation Next for more cost-effective sustainable dyeing of cellulosic fibres and blends. With an improved cost-to-performance ratio for new dark and extra-dark shades, the Avitera SE Generation Next range helps mills increase yield, improve productivity and reduces processing costs. “Dyeing darker

Financial Results

Net Profit At Raymond Almost Doubles To Rs 184cr In Q3FY’24

Textile Insights February 2, 2024

Net profits at Gautam Singhania led Raymond almost doubled to Rs 184 crore in the third fiscal quarter ending December 31, 2023 from Rs 95 crore in the corresponding quarter of fiscal 2022-23. During the three months to December 2023, revenue increased 11 percent year on year to Rs 2,450 crore, with an EBITDA margin […]

Technical Textile & Nonwoven

Exhibit Space For IDEA25 Exhibition Rapidly Filling Up: INDA

Textile Insights February 2, 2024

INDA, the Association of the Nonwoven Fabrics Industry said that exhibit space reservations for IDEA25 are rapidly approaching 70 percent. IDEA is being held April 29-May 1, 2025 at the Miami Beach Convention Center in Miami Beach, Florida. “All potential exhibitors are request to make their reservations as soon as possible to ensure they receive […]

Export

Bangladesh MMF Apparel Exports Can Be Doubled By 2025: Study

Textile Insights February 2, 2024

A Bangladesh study has found that if challenges faced by industry are resolved, exports of the country’s manmade fibre (MMF) apparels can double to US $19 billion by 2025 from the present $8.5 billion. The Economic Relations Division (ERD) study was done based on the present worldwide market share and export forecast of 20 types […]

Policies

Budget Extends RoSCTL Scheme For Apparel & Made-Up Exports

Textile Insights February 2, 2024

Finance Minister Nirmala Sitharaman in her interim budget has continued the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for the export of apparels and made-ups until March 31, 2026. The RoSCTL, whose budgetary allocation has been increased by 10 percent, has proven to be instrumental in enhancing the competitiveness of Indian […]

Corporates

Madhya Pradesh Chief Minister Inaugurates Advanced Textile Unit By Sagar Group

February 1, 2024

Madhya Pradesh Chief Minister, Dr. Mohan Yadav, inaugurated the advanced automated textile Unit 6 of Sagar Manufacturers Pvt. Ltd., in the village Tamot Tehsil Goharganj, Raisen district. The inauguration ceremony was attended by Minister of State Narendra Shivaji Patel, Member of Parliament from Vidisha, Ramakant Bhargava, Member of Legislative Assembly Bhojpur, Vidhan

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