News - Textile Insights - Page 541

Corporates

Foundation Stone Laid For High-End Chinese Textile Factory In Egypt

August 30, 2023

On August 27th, the General Authority of the Suez Canal Economic Zone (SCZONE) marked a significant milestone with the laying of the foundation stone for the Cady-Egypt factory. This facility, situated within the expansive Sokhna Integrated Industrial Zone’s 6 km phase, specializes in

Cotton

CITI CDRA Empowers Cotton Farmers in Maharashtra Through Workshop

August 30, 2023

A significant workshop was conducted by CITI CDRA on August 24, 2023, dedicated to the HDPS pilot project for cotton cultivation. Held at KVK Selsura in Wardha district, Maharashtra, the event aimed to enhance the knowledge and practices of special cotton project farmers for the upcoming year, 2023-24. The workshop drew the participation of 120 […]

Industry

MoT Boosts Technical Textiles Startup Ecosystem With GREAT Initiative

August 30, 2023

In a significant stride towards promoting innovation in technical textiles, the Ministry of Textiles (MoT) has given the green light to the Startup Guidelines for Technical Textiles – Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT). Rajeev Saxena, Joint Secretary Textiles, announced this groundbreaking development during a

Export

Uttar Pradesh Aims To Double Silk Production To Boost Textile Exports

August 30, 2023

The Uttar Pradesh government is formulating a strategy to amplify silk production to over 700 tonnes, with the goal of invigorating textile manufacturing and boosting premium apparel exports from the state. The proposed plan includes the establishment of silk clusters and research institutions to encourage silk production, thereby enhancing rural incomes, particularly

Export

Has China Plus One Helped Indian Textile & Garment Sector?

Textile Insights August 29, 2023

The ‘China Plus One’ strategy refers to a business strategy adopted by multinational companies, to diversify their production and supply chain activities by adding an alternative manufacturing or sourcing location to China and was introduced in 2013. But has the China Plus One strategy worked to the advantage of countries like India, which is a […]

Fibre

Lenzing Shows New Sustainable Fibre At Intertextile Shanghai

Textile Insights August 29, 2023

Lenzing, a producer of cellulose fibres has unveiled Lenzing Ecovero with Refibra technology at this Intertextile Shanghai Apparel being held in Shanghai. Building on the success of Tencel Lyocell fibres with Refibra technology, the expansion of the Refibra technology to Lenzing Ecovero will help the company increase the overall post-consumer content in its products. “The

Apparel, Fashion, Retail

Reliance Retail Almost Doubles Valuation In Three Years

Textile Insights August 29, 2023

Mukesh Ambani led Reliance Retail’s valuation has almost doubled, notwithstanding the intervening Covid-19 pandemic. Qatar Investment Authority recently became an investor in Reliance Retail, with an investment of US $1 billion for a 1 percent equity stake. This investment values Reliance Retail at a pre-money equity value of Rs 828,000 crore as against it’s fund-raise

Export

Australia Also Offers Duty Free Status To Bangla Garments Post LDC

Textile Insights August 29, 2023

Australia becomes the third country after the UK and Canada, which will continue to offer duty free status to Bangladeshi garment exports after the country graduates from its least developed country (LDC) status in 2026. This assurance was provided by an official of the Australian government’s Department of Foreign Affairs and Trade, during a recent […]

Cotton

Cotton Cultivation Up In Gujarat, But Down Across India

Textile Insights August 29, 2023

Reports indicate that cotton cultivation in Gujarat has increased by 5 percent to 26.79 lakh hectares in the 2023-24 cotton season. However, there are apprehensions of Indian cotton production declining in the new cotton season as cotton sowing has reduced all over India. “Cotton cultivation across India decreased 1.81 percent over the previous season to […]

Tete-A-Tete

Mylon Metallics Offers Complete Range Of Yarn Conditioning Plants

Textile Insights August 28, 2023

Mylon Metallics which manufactures Yarn Conditioning Plants and Automation for the textile industry supplies a complete product range, while also supporting customers with low cost timely service, with a vision to ensure none of the plants are stopped for want of spares and services The Coimbatore based company was started in 2017 and within a […]

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