News - Textile Insights - Page 514

Corporates

Indorama Ventures and SMBC Launch Thailand’s First Sustainable Trade Finance Facility

July 19, 2023

Indorama Ventures Public Company Limited, a global leader in sustainable chemicals, and Sumitomo Mitsui Banking Corporation (SMBC), a prominent international financial institution, inaugurated Thailand’s inaugural sustainability-linked Trade Finance facility. The facility, worth US$ 50

Cotton

Cotton – The Lifeline Of India

July 19, 2023

Although in the past two decades man-made fibre has progressed and even gained a larger share in the total annual global consumption of fibre, the rising interest in sustainability is bringing cotton back into the forefront as the most popular fibre, says Dr. P. Alli Rani In this competitive world, every country aspires to become […]

Policies

Textiles Ministry To Keep PLI Portal Open Till Aug 31

Textile Insights July 19, 2023

The Ministry of Textiles has decided to keep the PLI Portal open till August 31, 2023 for inviting applications from interested companies under PLI scheme of Textiles for MMF Apparel, MMF Fabrics and products of Technical Textiles. In a notification dated July 18, the Ministry of Textiles stated that it did so, considering numerous requests […]

Sustainability

Green Power To Help Garment Units Become Energy Efficient

Textile Insights July 19, 2023

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Green Power Limited signed a memorandum of understanding (MoU) to support garment factories in becoming more energy efficient with green and clean sources of energy. BGMEA President Faruque Hassan and Managing Director of Green Power Shaikh Ehsanul Habib inked the MoU on behalf of their respective

Industry

Quality Control Order On Polyester Yarn Deferred Till Oct 5

Textile Insights July 19, 2023

The government of India has announced extension of implementation of Quality Control Order (QCO) on 100 percent polyester spun grey and white yarn till October 5, 2023. Earlier, the deadline was extended till June 30, 2023, but the government did not issue any notification to extend it further, due to which it became effective from […]

Export

Process Eased For Duty Free Import Of Export Purpose Inputs

Textile Insights July 19, 2023

Directorate General of Foreign Trade (DGFT) has implemented the Advance Authorisation Scheme under the Foreign Trade Policy, which allows duty-free import of inputs for export purposes. “The eligibility of inputs is determined by Sector-specific Norms Committees based on input-output norms,” a PIB press release stated. To make the norms fixation process more efficient,

Machinery

Karl Mayer’s VARIO WEFT Laying System Evinces Interest At ITMA

Textile Insights July 19, 2023

Karl Mayer said the display of new Vario Weft laying system, a solution for stabilising the edges, monitoring of the weft tension and a central suctioning device, was the highlight of its ITMA stall and evinced the highest interest from visitors. According to the German company, Vario Weft revolutionises weft patterning and makes changes of […]

Sustainability

ReCircled & Kaltex Denim Unveil 100% Circular Denim Jeans

Textile Insights July 18, 2023

ReCircled LLC, a marketer of certified preowned garments, footwear and accessories, and Kaltex USA, a denim producer will partner to launch a fully circular denim fabric in the western hemisphere. ReCircled will work with brands and retailers on unsaleable items and then sort them brand wise. Once these products have been sorted, cleaned and detrimmed, […]

Machinery

KNOT Seminar Gives Oversight On Technologies Shown At ITMA

Textile Insights July 18, 2023

Kushal Network of Textile (KNOT) hosted a half-day seminar on ‘Transformation in Textile World’ on July 15 with support from Kushal Textile Institute (KTI) in Surat. The objective of the seminar was to give an oversight of ITMA 2023 to members of KNOT & KTI. The seminar saw attendance of around 100 delegates, whose average […]

Industry

Imported Second Hand Clothing Mars East African Textile Sector

Textile Insights July 18, 2023

Despite East Africa having a massive capacity to produce cotton textiles and garments thanks, to availability of raw materials and a workforce, the region scores relatively low in consumption of local textile products. According to the Kenya Institute for Public Policy Research and Analysis (KIPPRA), 70 percent of Kenyan garment manufacturing companies sell about 80 […]

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