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Bangladesh Close To Becoming Biggest Cotton Apparel Exporter

Textile Insights August 16, 2023

Bangladesh is close to surpassing China as the world’s largest cotton apparel exporter amid stronger demand prospects, which are expected to drive cotton consumption higher. This was informed in the latest United States Department of Agriculture (USDA) report, which also forecast Bangladesh

Cotton

CAI Estimates 2022-23 Indian Cotton Crop At 311.18 Lakh Bales

Textile Insights August 16, 2023

In its latest report, the Cotton Association of India (CAI) has retained its cotton crop estimate for the 2022-23 season at 311.18 lakh bales of 170 kgs each. The total cotton supply for the months of October 2022 to July 2023 is estimated at 332.30 lakh bales, which consists of arrivals of 296.80 lakh bales, […]

Export

Bangladesh Manages To Double US Garment Exports In Five Years

Textile Insights August 16, 2023

Bangladesh has managed to double its garment exports to the US, which is its largest market over the last five years and in 2022 touched US $9.75 billion. “In the same five-year period, US imports of apparels rose 28 percent to reach almost $100 billion,” figures from the Office of Textile and Apparels (OTEXA) revealed […]

Sustainability

Spinnova Bags Grant To Further Develop Fibre Refining Process

Textile Insights August 16, 2023

Spinnova which has developed technology for making textile fibre out of wood or waste, such as leather, textile or agricultural waste has received a grant of €1.9 million for R&D work. Spinnova has received the grant from Business Finland for the period 2023 to 2025. The grant amount represents 50 percent of the project’s total […]

Financial Results

Consolidated Revenues At Grasim Rises 11% in Q1FY’24

Textile Insights August 16, 2023

In the first fiscal quarter ending June 30, 2023, consolidated revenues at Grasim Industries rose 11 percent from a year ago quarter to Rs 31,065. In the reporting quarter, consolidated EBITDA at the Aditya Birla Group company totaled Rs 4,981 crore, up 11 percent against first quarter of fiscal 2023. Profit after tax fell 18 […]

Industry

Tirupur Dyeing Industry Delegation Visits Gujarat To Explore Tech Advancements

August 16, 2023

The Tirupur dyeing industry is set for a boost, fueled by recent interactions with industry experts in Gujarat. A delegation from the Dyers Association of Tirupur led by President Atul P. Gandhirajan and Treasurer B. A. Madeshwaran, visited Gujarat to explore technological advancements. During their visit to Surat and Ahmedabad, the 28-member team personally toured […]

Cotton

Global Cotton Output Down 2.7 Million Bales In 2023-24

Textile Insights August 14, 2023

In the latest report released by US Department of Agriculture (USDA), the agency has forecast global cotton production to fall by more than 2.7 million bales (One bale = 480 lbs) to 114.1 million bales in 2023-24. USDA attributed this fall in cotton production to lower cotton crop in US and Uzbekistan. USDA also revised […]

Financial Results

Q1FY’24 EPS More Than Halves At Winsome Industries

Textile Insights August 14, 2023

Earnings per share (EPS) more than halved to Rs 2.32 in the first fiscal quarter ending June 30, 2023 at Winsome Textile Industries as against Rs 5.23 in the comparable quarter of fiscal 2023. The Himachal Pradesh based spinner reported total income of Rs 207.54 crores during the period under review, down 6.23 percent vis-à-vis […]

Export

July Bangla Garment Exports Rise Sharply By 17.43%

Textile Insights August 14, 2023

During the first month of fiscal 2024, Bangladeshi garment exports rose sharply by 17.43 per cent to US $3.95 billion, up from $3.37 billion dollars in July 2022. Of this, woven garment shipments grew 11.54 percent in July 2023 and totaled $1.68 billion from $1.51 billion in July 2022, while knitwear export grew year on […]

Sustainability

Boost Textile Recycling By Withdrawing Two Stage VAT – BTMA

Textile Insights August 14, 2023

The Bangladesh Textile Mills Association (BTMA) demanded the withdrawal of a two-stage value-added tax (VAT) on the purchase of textile waste from domestic market and also on production of recycled cotton yarn from the waste. BTMA urged the National Board of Revenue (NBR) to introduce a new harmonised system (HS) code for recycled cotton fibre […]

Bangladesh Close To Becoming Biggest Cotton Apparel Exporter

CAI Estimates 2022-23 Indian Cotton Crop At 311.18 Lakh Bales

Bangladesh Manages To Double US Garment Exports In Five Years

Spinnova Bags Grant To Further Develop Fibre Refining Process

Consolidated Revenues At Grasim Rises 11% in Q1FY’24

Tirupur Dyeing Industry Delegation Visits Gujarat To Explore Tech Advancements

Global Cotton Output Down 2.7 Million Bales In 2023-24

Q1FY’24 EPS More Than Halves At Winsome Industries

July Bangla Garment Exports Rise Sharply By 17.43%

Boost Textile Recycling By Withdrawing Two Stage VAT – BTMA

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