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Industry

Itema Group To Promote Development Of Uzbek Textile Sector

Textile Insights September 25, 2023

Uztekstilprom, an Uzbekistan textile association held a meeting with Ugo Gilardi, CEO of Itema Group, a leading manufacturer of advanced weaving machines. Ugo Gilardi stated that he has familiarised himself with the development of the Uzbek textile industry and for further development, he

Industry

Indian Textile Sector Has To Adopt Holistic Approach

Textile Insights September 25, 2023

The Indian textile and garment sector has to adopt a holistic approach with a long-term vision to capitalise on opportunities available in the worldwide markets. This was informed by SK Sundararaman, Chairman of the Southern India Mills Association (SIMA) who also added that the industry in recent times has been facing several challenges. These challenges […]

Apparel, Fashion, Retail

US Advises Bangladesh To Stop Export Of Counterfeit Apparel

Textile Insights September 25, 2023

As per a statement of the United States Trade Representative (USTR), the US has advised Bangladesh to take action and stop export of counterfeit garments. Previously, the USTR had identified Bangladesh as one of the top five countries from where counterfeit apparels are exported worldwide. The concerns regarding counterfeit clothing were raised during the Trade […]

Cotton

Indian Cotton Production To Reach 340 Lakh Bales In 2023-24

Textile Insights September 25, 2023

In the 2023-24 cotton season, which begins from October 1. India’s cotton production is forecast to reach 330-340 lakh bales (I bale = 170 kg) J. Thulasidharan, President of the Indian Cotton Federation (ICF) said this at an annual general meeting of the ICF held in Coimbatore. Thulasidharan also informed that cotton cultivation in India […]

Corporates

Geek+ and Adidas Open Advanced Automated Distribution Centre In Suzhou, China

September 24, 2023

Geek+, a global leader in logistics mobile robots, and Adidas, a leading sportswear brand, have opened their cutting-edge automated distribution centre in Suzhou, China, a significant achievement in their partnership. This fully automated distribution centre spans 139,000 square metres, setting new industry standards for speed and flexibility in warehousing logistics. It

Event

TMMA Awards Excellence In Textile Machinery For 2022-23

September 24, 2023

New Chairman M. Sankar Takes the Helm at TMMA The Textile Machinery Manufacturers’ Association (TMMA) conducted its 63rd Annual General Meeting, featuring Dr. Navneet Mohan Kothari (IAS), MD of MPIDC, and Sunil Patwari, Chairman of Texprocil and MD of Nagreeka Exports Ltd., as Chief Guest and Guest of Honour. Pratik Bachkaniwala, the outgoing chairman, expressed […]

Industry

How The Yarn Bazaar Helped Its Buyers Secure A Better Deal

September 24, 2023

An Overview of Challenges The Yarn Bazaar is committed not only to connecting buyers, sellers, and businesses but also to ensuring the best possible business experience for each of our clients. In this regard, we recently assisted one of our buyers in procuring yarn at a more advantageous price. Some time ago, The Yarn Bazaar […]

Corporates

HSBC Indonesia Commits $20M Green Loan to Boost Indo Rama Synthetics Sustainability

September 24, 2023

HSBC Indonesia has provided a US$ 20 million green term loan to PT Indo-Rama Synthetics, a subsidiary of Singapore’s Indorama Corporation Pte. Ltd. The loan supports Indo-Rama’s drive to reduce energy consumption during the expansion of its yarn spinning factory. This expansion incorporates modern, energy-efficient machinery, aligning with Indo-Rama’s

Corporates

Sai Silks Secures Rs 360 Crore From Anchor Investors Before IPO

September 24, 2023

Ethnic apparel retailer Sai Silks (Kalamandir) announced on September 18, 2023, that it has successfully garnered more than Rs 360 crore from anchor investors just days before its upcoming initial public offering (IPO). The company allotted 1.63 crore equity shares to 26 funds at a per share price of Rs 222, which coincides with the […]

Economy

Kolon Industries Earns International EPD Certificates

September 24, 2023

Kolon Industries, a Korean chemical and textile company, has achieved a significant milestone by becoming the first Korean nonwoven maker to obtain international EPD (Environmental Product Declaration) certificates for their nonwoven textile products ‘Finon’ and ‘Finon ECO.’ This accomplishment enhances their export competence in the polyester

Itema Group To Promote Development Of Uzbek Textile Sector

Indian Textile Sector Has To Adopt Holistic Approach

US Advises Bangladesh To Stop Export Of Counterfeit Apparel

Indian Cotton Production To Reach 340 Lakh Bales In 2023-24

Geek+ and Adidas Open Advanced Automated Distribution Centre In Suzhou, China

TMMA Awards Excellence In Textile Machinery For 2022-23

How The Yarn Bazaar Helped Its Buyers Secure A Better Deal

HSBC Indonesia Commits $20M Green Loan to Boost Indo Rama Synthetics Sustainability

Sai Silks Secures Rs 360 Crore From Anchor Investors Before IPO

Kolon Industries Earns International EPD Certificates

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