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Corporates

Trident Group Receives Safety Excellence Award For Sustainability

November 5, 2023

Trident Group, a steadfast advocate for sustainability, was honoured with the Safety Excellence Award at UPES’s 4th International Sustainability Conference. The award recognizes Trident’s unwavering dedication to building a sustainable future by making responsible choices today.

Corporates

Trützschler Card Clothing Celebrates 20th Anniversary And Site Expansion In Germany

November 5, 2023

Trützschler Card Clothing (TCC) recently celebrated two significant milestones – its 20th company anniversary and the expansion of its Neubulach, Germany site. The joyous event was attended by employees and their families, neighbours and distinguished guests. Notable attendees included representatives from the shareholder family, the Board of Directors of the

Cotton

Yagi & Co Launches Cotton iD For Enhanced Organic Cotton Traceability

November 5, 2023

Yagi & Co has introduced its proprietary system, Cotton iD, to enhance the traceability of organic cotton. This innovative system offers a robust traceability management solution for organic cotton, spanning from the cotton fields to yarn production. Notably, India, the world’s largest organic cotton producer, is a focal point for this initiative. The organic

Fibre

Chinese PSF Exports Expand 21.2% Between Jan & Sept 2023

Textile Insights November 4, 2023

Chinese polyester staple fibre (PSF) exports expanded 21.2 percent over a year ago period to 904.4 kilo tons in the first nine months of the current year. Between January and September 2023, overseas shipment of PSF to Vietnam totaled 157,715 kilo tons, up by a massive 40.74 percent year on year and was China’s biggest […]

Export

Sri Lankan Apparel Exports Plunge 26% in Jan-Sept Period

Textile Insights November 4, 2023

The garment industry which accounts for around 45 percent of Sri Lanka’s export earnings saw apparel exports plunge 26 percent over a year ago period in the first nine months of the current year. Between January and September 2023, Sri Lankan clothing exports slipped to $3.34 billion, down 26 percent over the comparable months of […]

Cotton

Pakistan Cotton Arrivals Higher By 82% Till October 31

Textile Insights November 4, 2023

Cotton arrivals in Pakistan ginning factories till October 31 were 82 percent higher than the production of the cotton crop for the same period in the previous season. Data released by the Pakistan Cotton Ginners Association (PCGA) revealed that around 6.8 million cotton bales arrived at the ginning factories till Oct 31 percent, which is […]

Special Report

GDP Contribution Of Indian Textiles To Almost Double By 2030

Textile Insights November 4, 2023

A recently released report states that the contribution of the Indian textile industry will almost double from the current 2.3 percent to 5 percent by 2020. The report titled ‘Decadal Outlook for Textile Industry’ was jointly prepared by the Confederation of Indian Industry and Primus Partners. The report further said that Gross Value Added (GVA) […]

Machinery

Swiss Machinery Firms Focus On Sustainability At ITMA Asia

Textile Insights November 4, 2023

15 Swiss textile machinery companies are showcasing their latest, innovative and more important, sustainable technologies at the upcoming ITMA Asia. “In China, the textile industry is forward-looking and resilient, with a healthy appetite for new technologies and a determination to keep its leading position,” Swiss Textile Machinery Association (Swissmem) said in a press

Machinery

ACIMIT: Textile Machinery Orders Down 20% in Q3 2023

November 3, 2023

In the third quarter of 2023, the index of textile machinery orders, processed by the Research Office of ACIMIT (the Association of Italian Textile Machinery Manufacturers), showed a significant decline of 20% when compared to the same period in 2022. The index was reported at 84.2 points, with a base year of 2015 set at […]

Policies

PLI Scheme For Textiles Extended Till December 31

Textile Insights November 3, 2023

In view of the requests from textile industry stakeholders’, the Ministry of Textiles has decided to extend the date of inviting fresh applications under the PLI Scheme up to December 31, 2023. Earlier the Ministry had extended the period for inviting fresh applications from the textile industry till August 31, 2023 and then to October […]

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