News - Textile Insights - Page 393

Apparel, Fashion, Retail

Intelligent Garment Brand Turms Inks Rs 1.2cr Deal At Shark Tank

Textile Insights February 1, 2024

Turms, an Indian intelligent garment brand which designs clothing that has anti-stain, anti-bacterial, anti-fungal, and anti-odour properties has sealed a 1.2 crore deal in the reality show ‘Shark Tank India’. Surendra Singh Rajpurohit, owner of Turms highlighted its collection, which includes

Financial Results

Arvind Ltd Reports 8.41% Increase In Q3FY’24 Net Profit

Textile Insights February 1, 2024

Sanjay Lalbhai led Arvind Ltd reported an 8.41 percent year on year increase in consolidated net profit at Rs 94.32 crore for the third fiscal quarter ended December 31, 2023. “But, revenues from operations, impacted by price deflation, dropped 4.62 percent from a year ago quarter to Rs 1,888.24 crore during the three months to […]

Machinery

Kornit Digital Announces Availability Of Apollo DTG Platform

Textile Insights February 1, 2024

Kornit Digital announced availability of its field proven Kornit Apollo direct-to-garment (DTG) platform. “Successful field implementations underscore the transformative nature of Apollo for on-demand sustainable production at industrial scale,” Kornit Digital said in a press release. Kornit claimed that Apollo has the capacity to decorate more than 1.5 million garments

Policies

Key Takeaways Of Indian Interim Budget For Fiscal 2024-25

Textile Insights February 1, 2024

Today Finance Minister Nirmala Sitharman presented the interim union budget for fiscal 2024-25. The Finance Minster did not make any changes in direct and indirect taxes including import duties. Key takeaways of her speech include; Revised Estimates Fiscal 2023-24 Total receipts – Rs 27.56 lakh crore Tax receipts – Rs 23.24 lakh crore Total expenditure […]

Export

90% Of Cambodian Garment Units Owned By Chinese Investors

Textile Insights January 31, 2024

Around 90 percent of garment manufacturing factories in Cambodia are owned by Chinese companies or investors. This was revealed in a report by Research and Markets titled ‘Cambodia Garment Manufacturing Market Report 2023-2032: Youthful Demographic Dividend Fuels Consumer Market Growth’. The report said that that the Cambodian apparel sector was highly appealing for

Export

Turkish Garment Body Chief Shows Path To Attain $40bn Export Target

Textile Insights January 31, 2024

Speaking at a summit, Mustafa Gültepe, President of the Istanbul Apparel Exporters’ Association (IHKIB) laid down the path to achieving US $40 billion in apparel exports from the current $20 billion. Mustafa Gültepe was speaking at a summit organised by the IGKIB, where Turkish garment manufacturers and global brands and purchasing groups came together. “The […]

Software

Karl Mayer Launches Cutting-Edge 2D ‘Create Design’ Software

Textile Insights January 31, 2024

Karl Mayer has launched Create Design, a cutting-edge 2D software for knitwear development that provides data like DXF shapes, textures and maps that can be used for simulation in any external 3D software. “Create Design will enable designers to push the boundaries of their creativity,” the German company said in a press release. Create Design […]

Technical Textile & Nonwoven

Andhra Pradesh Commits To Promote Technical Textiles Sector

Textile Insights January 31, 2024

Andhra Pradesh Industry Minister Gudivada Amarnath said his government is committed to promoting technical textiles sector in the state. Amarnath emphasised on the importance of technical textiles and welcomed prospective investors in the sector including foreign direct investment (FDI). Amarnath was speaking at the National Conference on Technical Textiles titled

Sustainability

CITI Honouring Industry With Textile Sustainable Awards 2024

Textile Insights January 31, 2024

The Confederation of Indian Textile Industry (CITI) has announced Textile Sustainable Awards 2024, which aim to acknowledge and celebrate excellence in sustainability within the Indian textile industry. The prestigious accolades will be presented in two distinct categories, offering textile mills and industry stakeholders an opportunity to showcase their commitment to

Machinery

Saurer Exhibiting Latest Technology Innovations At Exintex 2024

Textile Insights January 31, 2024

Saurer will exhibit at Mexican exhibition Exintex 2024 which will be held in Puebla from February 27 to March 1, 2024 at booth 918-922. At Exintex 2024, Saurer experts will be at hand to discuss the latest innovations of the completely new product portfolio presented last year at ITMA Milano and ITMA Asia. “All Saurer […]

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