News - Textile Insights - Page 414

Industry

GOI Approves Rs 4,445 Crore For 7 Mega Textile Parks To Boost Industry

December 24, 2023

The Government of India has granted approval for the establishment of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in greenfield/brownfield sites, allocating a budget of Rs 4,445 crore. The primary objective of this initiative is to fortify the Indian textile industry by

Event

PHDCCI Summit Calls For Green Practices In Indian Textile Industry

December 24, 2023

Government and industry leaders gathered at the 2nd Sustainable Textiles Summit in New Delhi, where Prajakta L Verma, Joint Secretary in the Ministry of Textiles, stressed the urgency of traceability, recycling, and sustainable practices in the textile sector. She emphasized the paradoxical nature of the industry as a major global employer, but also a significant […]

Corporates

Precot Joins ITMF As Corporate Member To Expand Global Reach

December 24, 2023

Precot, a leading provider of a diverse range of cotton products for cosmetic, personal hygiene and medical applications, has recently become a Corporate Member of the International Textile Manufacturers Federation (ITMF). This move is poised to enhance Precot’s international standing and foster collaboration within the global textile industry. Christian Schindler,

Industry

Cottonconnect Expands Cotton Traceability Platform To Brands

December 24, 2023

CottonConnect, a social enterprise that focuses on creating a more sustainable and responsible cotton industry, has made its TraceBale traceability platform available to the wider apparel industry. TraceBale traceability platform is expected to help brands address supply chain transparency challenges. TraceBale is now available as a standalone solution to all within the

Apparel, Fashion, Retail

Spanish Fashion Brand Mango Celebrates 40th Anniversary

Textile Insights December 23, 2023

Spanish fashion brand Mango is celebrating 40 years since its story began with the opening of its first store in Barcelona. The brand also expects to close the 2023 financial year with record sales and with a turnover in excess of €3 billion as against the earlier record sales of €2.68 billion in 2022. During […]

Industry

Coats Digital Launches AI Assistant Using Microsoft’s Azure

Textile Insights December 23, 2023

Coats Digital is propelling its technology solutions into the AI era with the launch of a new AI Assistant to improve customer service and open up innovative, new opportunities across the fashion supply chain. The new AI service using Microsoft’s Azure AI solutions, Coats Digital’s developers have quickly introduced advanced capabilities for robust natural language […]

Machinery

Short Staple Spindles Installed Globally Grows 0.88% In 2022

Textile Insights December 23, 2023

Short-staple spindles installed globally have grown from 225 million units in 2021 to 227 million units in 2022, up a marginal 0.88 percent Statistics released by the International Textile Manufacturer Federation (ITMF) also informed that the number of installed open-end rotors increased higher at 8.3 million in 2021 to 9.5 million in 2022 According to […]

Apparel, Fashion, Retail

Pantone 13-1023 Peach Fuzz Is The Colour Of The Year 2024

Textile Insights December 23, 2023

X-Rite and Pantone have launched the spectral colour value for Pantone Colour of the Year 2024, the Pantone 13-1023 Peach Fuzz, which is available in PantoneLIVE, a cloud-based digital colour standard ecosystem. “As a result, consumer product companies can easily incorporate Pantone 13-1023 Peach Fuzz into their digital workflows to accelerate the design to manufacturing

Industry

Bangladesh & Uzbekistan Explore Cooperation In Textile Sector

Textile Insights December 23, 2023

Bangladesh and Uzbekistan are exploring cooperation between the textile and garment industries of the two countries and take advantage of the strengths of both countries An Uzbek textile delegation recently visited Bangladesh and visited various garment factories to explore cooperation and learn more about garment manufacturing. Then a top level official team from

Industry

China’s Cotton Textile Prosperity Index Hikes Slightly In Nov

Textile Insights December 23, 2023

In November, China’s cotton textile prosperity index witnessed a slight rise of 0.3 percent over October and stood at 49 percent. The seven sub-indexes that make up the China Cotton Textile Prosperity Index are all below the critical point of 50. Within the sub-indexes the raw material procurement index, product sales index, product inventory index […]

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