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Jan To Sept Bangla Garment Exports Down To US But Up To EU

Textile Insights October 20, 2023

In the nine months to September 2023, exports of apparels to the EU rose 6.40 percent from a year ago period to $17.52 billion, but clothing exports to the US fell to $6.30 billion, down 7.18 percent. Clothing shipments to Canada increased 6.27 percent to $1.12 billion, while those to the UK

Machinery

TMMA Chairman Assures Full Support To Textile Machinery Sector

Textile Insights October 19, 2023

“The textiles and apparel industry in India has strengths across the entire value chain from fibre, yarn, fabric to apparel,” M Sankar, Chairman of Textile Machinery Manufacturers Association (TMMA) said. M Sankar who is also the President of LMW Ltd added that the organised textile industry in India is characterised by the use of most […]

Corporates

Grasim Raising Rs 4,000 Crore Through Rights Issue

Textile Insights October 19, 2023

The board of Grasim Industries has approved the raising of funds not exceeding Rs 4,000 crore by way of a rights issue, while the rating agencies continue to reaffirm Grasim’s ‘AAA’ ratings. This Rs 4,000 crore will fund ongoing capital expenditure, repay existing borrowings, and support general corporate purposes. Grasim is implementing its highest ever […]

Sustainability

Smart Phones Sort Used Clothing By Fibre Before Recycling

Textile Insights October 19, 2023

Researchers at Germany based Fraunhofer IPMS have developed an ultra-compact near-infrared spectrometer which is suitable for recognising and analysing textile fabrics meant for recycling. Fabrics whether made from pure cotton or blended can also be reliably identified through the combination of imaging, artificial intelligence algorithms and spectroscopy. The researchers

Export

Pak Textile & Apparel Exports Contract 9.9% in Q1FY’24

Textile Insights October 19, 2023

In the first fiscal quarter ending September 30, 2023 Pakistani textile and garment exports contracted 9.95 percent to $4.12 billion from $4.58 billion in the same quarter of previous fiscal. “For September 2023, they shrank to $1.52 billion, down 10.88 percent as against $1.52 billion in the same month last year,” data from the Pakistan […]

Apparel, Fashion, Retail

Fashion Designer Anish Malpani Wins Circular Design Challenge

Textile Insights October 19, 2023

Fashion designer Anish Malpani of ‘Without’ label won the 5th Circular Design Challenge (CDC), India’s biggest sustainability award organised by R|Elan, the next-gen fabric brand of Reliance Industries and held in association with the United Nations. The challenge culminated with a finale show at the UN House during Lakmé Fashion Week in partnership with FDCI. […]

IDH and Better Cotton Event in New Delhi

Cotton

IDH and Better Cotton Collaborate To Promote Sustainable Agriculture in India

October 18, 2023

IDH and Better Cotton, the world’s largest cotton sustainability initiative, hosted an event in New Delhi to promote regenerative agriculture in India. The gathering brought together thought leaders, actors, and innovators to build consensus on the scope and merits of regenerative agriculture, identifying opportunities for action in policy, business, finance, and

Dyes & Chemicals

Rudolf Develops Textile Chemicals Made From Organic Waste

Textile Insights October 18, 2023

Producer of textile chemicals Rudolf is showing sustainable technologies using raw materials from organic waste, plastic waste and renewable feedstock at Kingpins Amsterdam. “Rudolf’s latest textile chemistry has the potential to revolutionise the industry by significantly reducing its environmental impact,” the German company said in a press release. “Rudolf’s

Sustainability

74 Sri Lankan Garment Factories GOTS Certified

Textile Insights October 18, 2023

There has been an increase in Sri Lankan companies obtaining the Global Organic Textile Standard (GOTS), indicating an increased awareness within the industry of the importance of adopting international best practices and sustainable manufacturing. South Asian Representative of GOTS, Ganesh Kasekar revealed a 21 percent increase in certified facilities compared to 2022 in

Export

Indian Textile & Garment Exports Drop 8.81% In H1FY’24

Textile Insights October 18, 2023

In the period between April and September 2023, Indian textile and apparel exports fell to $16.79 billion, down 8.81 percent as against $18.42 billion in the same period of fiscal 2023. Of this, textile exports dropped by 3.59 percent year on year to $9.83 billion in the first six months of the current fiscal Clothing […]

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