News - Textile Insights - Page 397

February 23, 2026

Industry

ITMF Elects KV Srinivasan MD Of Premier Mills As President

Textile Insights November 16, 2023

During the Annual Conference of the International Textile Manufacturers Federation (ITMF) held in China, KV Srinivasan from India was unanimously elected as the new President of the federation. KV Srinivasan, born in 1961 and Managing Director of Premier Mills and Premier Fine Linens has

Export

Indian MMF Textile Exports Drop 12% Between April & Aug

Textile Insights November 16, 2023

In the first five months of fiscal 2024 ending August 2023, MMF textile exports declined 12 percent year on year to $2.26 billion from $2.56 billion in the comparable period of 2022. Manmade fibre (MMF) textile exports in August from India reached US $471 million, dropping 4.8 percent from $495 million in the same month […]

Cotton

USDA Slightly Hikes 2023-24 Cotton Production To 13.5mn Bales

Textile Insights November 15, 2023

The United States Department of Agriculture (USDA) has slightly increased its 2023-24 cotton production outlook to 13.5 million bales in its November report. This has been done as higher production in Afghanistan, Argentina, the United States, and Paraguay more than offset lower crops in Spain and Mexico. Production is forecast at a record for Afghanistan […]

Economy

Integrated Textile City Coming Up Near Ahmedabad

Textile Insights November 15, 2023

Narol Textile Infrastructure and Enviro Management (NTIEM) has plans to set up an integrated textile city near Ahmedabad and an MoU will be signed at the Vibrant Gujarat Global Summit in January. “The textile city will be spread over 2,000 acres, built at a cost of around Rs 25,000 crore and will include housing for […]

Industry

Ahmedabad Textile Process Houses Extend Diwali Holidays

Textile Insights November 15, 2023

Several Ahmedabad based textile process houses have decided to extend Diwali holidays to a fortnight as against the 3-5 holidays in previous years. Most of these fabric printing or dyeing factories were running at half of their production capacities in a week before Diwali due to low orders in hand, and hence the decision to […]

Machinery

12 Italian Textile Machinery Companies Exhibit At ITME Africa

Textile Insights November 15, 2023

12 Italian textile machinery manufacturers will be participating at the ITME Africa exhibition to be held in Nairobi, Kenya from November 30 to December 2. These Italian companies will be exhibiting at the Italian Pavilion, organised by the Association of Italian Textile Machinery Manufacturers (ACIMIT), and by the Italian Trade Agency. The 12 Italian exhibitors […]

Policies

Textiles Ministry Tweaks PLI Scheme To Draw Investments

Textile Insights November 15, 2023

The Indian textiles ministry is making the production-linked incentive (PLI) scheme for textiles more attractive by offering more flexibility, after receiving a tepid response from the Indian textile sector. The textiles ministry has proposed to add more textile product lines and categories in the harmonised system (HSN) codes for MMF products, which has been sent […]

Textile Park

Meeting Called For Setting Up Mini Textile Park In Thanjavur

Textile Insights November 15, 2023

The Collector of Thanjavur in Tamil Nadu has invited entrepreneurs from the textile and garment industry to a meeting scheduled for November 17 on setting up mini textile parks. The units set up in backward blocks are eligible for capital subsidy and the scheme envisages setting up mini textile parks on about two acres of […]

Machinery

Osthoff Offers Sustainable Technology For Producing Superior Quality Knits

November 12, 2023

Bio polishing is a commonly used treatment for cleaning knit fabrics to improve their quality. However, there are many challenges inherent in this process: Fluff management on the shop floor Considerable reduction in depth of the shade after bio polishing No consistency in results, as it is a batch wise treatment High weight loss High […]

Corporates

Alok Industries To Raise Rs 3,300 Cr From RIL In NCRPS Deal

November 12, 2023

Textile manufacturer Alok Industries plans to raise Rs 3,300 crore through the issuance of Non-Convertible Redeemable Preference Shares (NCRPS) to its parent company, Reliance Industries Ltd (RIL). This move comes as part of Alok Industries’ ongoing financial strategy. Having been acquired by Reliance Industries and JM Financial ARC in 2019 through the corporate

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