News - Textile Insights - Page 446

Apparel, Fashion, Retail

Italian Textile & Fashion Industry Records 3% Growth In 2023

Textile Insights December 30, 2023

Italy’s textile and fashion industry has reported a 3 percent increase in revenues in 2023 to €111.7 billion as against 2022, data from Confindustria Moda, Italy’s fashion trade body said. However, growth has been attributed to higher sales values, as there is a significant drop in volumes,

Export

India & Oman May Sign Proposed FTA In January 2024

Textile Insights December 30, 2023

In all probability, a Free Trade Agreement (FTA) may be signed between India and Oman in January 2024. “Negotiations are on track and both sides have already agreed on most of the text of the chapters of the Comprehensive Economic Partnership Agreement (CEPA),” CNBC quoted government sources as saying. The second round of talks for […]

Industry

Clothing Brands Commit To Hike Rates To Offset Wage Increase

Textile Insights December 29, 2023

Several global clothing brands have formally committed to increasing rates for their Bangladeshi garment suppliers to offset the hike in worker wages which comes into effect from January 1. “It’s quite encouraging that we have received formal letters from a few brands confirming their position to pay a price that absorbs the increase in wages,” […]

Sustainability

Textile Start-Up Evrnu To Focus On Recycling Denim

Textile Insights December 29, 2023

Seattle-based start-up Evrnu has partnering with UK fashion and textile innovator Pangaia to focus on recycling denim, one of the most challenging forms of cotton. The process, known as NuCycle, mechanically and chemically transforms solid cotton into pulp and then reconstitutes it into fibres for new clothing. The patented system ensures that the end result […]

Export

Vietnamese Textile & Clothing Exporters Seek Govt Assistance

Textile Insights December 29, 2023

The Vietnamese textile and garment export sector which has been witnessing a declining trend since the beginning of this year is seeking assistance from the government to navigate the challenges. “Textile and garment exports started slowing down in the final months of 2022, and there haven’t been any signs of improvement,” Le Tien Truong, Chairman […]

Industry

Trend Of Layoffs Continue In Indonesian Textile Sector

Textile Insights December 29, 2023

The trend of layoffs is continuing in the Indonesian textile and garment sector which started since the beginning of this year. According to the Confederation of Indonesian Workers’ Unions (KSPN) more than 7,000 workers have been laid off since the beginning of 2023 in both the textile and apparel industries. KSPN President Ristadi pointed out […]

Industry

Indian Ministry Of Textiles Showcases 2023 Achievements

Textile Insights December 29, 2023

The Indian Ministry of Textiles launched several initiatives in 2023, which include PM MITRA Parks, Kasturi brand cotton and garnered investment of around Rs 2,119 crore under PLI Scheme. The initiatives also include 126 research proposals approved and valued at Rs 371 crore under National Technical Textile Mission (NTTM) for speciality fibre and technical textile. […]

Industry

Indian Textile & Garment Sector Worst Affected Worldwide

Textile Insights December 29, 2023

The Indian textiles and apparel industry is the worst affected among various textile and garment producing countries due to various challenges. “Challenges include on the raw material front, both cotton and manmade fibres, and a steep increase in power cost,” President of International Textile Manufacturers Federation (ITMF), KV Srinivasan said. “Urgent measures on policy

Industry

Investments To Contract In Indonesian Textile Industry

Textile Insights December 28, 2023

The Indonesian Textile Association (API) anticipates investments in the textile industry to contract in 2024, on expectations of the economic slowdown continuing in its key export markets. According to Jemmy Kartiwa Sastraatmaja, Chairman of API, the worldwide economy is not in good shape and is forecast to weaken, while at the same time, interest rates […]

Product Launch & Innovation

New Conductive Cotton Based Fibre For Use In Smart Textiles

Textile Insights December 28, 2023

A single strand of fibre developed at Washington State University has the flexibility of cotton and the electric conductivity of a polymer, called Polyaniline and show good potential for smart textiles. The WSU researcher tested the fibres with a system that powered an LED light and another that sensed ammonia gas, detailing their findings in […]

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