News - Textile Insights

Corporates

Gildan To Acquire Hanesbrands In US$ 2.2 Billion Deal

Textile Insights August 18, 2025

Montreal-based Gildan Activewear is set to acquire HanesBrands Inc. in a deal valued at US$ 2.2 billion, or about US$ 4.4 billion including debt, expanding its portfolio with well-known labels such as Hanes and Maidenform. Under the terms, HanesBrands shareholders will receive 0.102 Gildan

Corporates

OCM Names Dhruva Singh Chauhan As CEO

Textile Insights August 18, 2025

OCM Private Limited has named Dhruva Singh Chauhan as its new Chief Executive Officer, marking a significant leadership transition for the century-old textile brand as it embarks on its next phase of growth and innovation. Chauhan brings with him over two decades of experience in the textile and apparel industry, with expertise spanning vertically integrated […]

Corporates

Vardhman, NITRA Sign MoU For Next-Gen Sustainable Fibre Development

Textile Insights August 18, 2025

Vardhman Group has entered into a strategic partnership with the Northern India Textile Research Association (NITRA) to advance research and development in milkweed fibre, a sustainable alternative to conventional textile materials. The Memorandum of Understanding (MoU) was signed by Neeraj Jain, Joint Managing Director of Vardhman and Dr. M. S. Parmar, Director General of

Corporates

Ludhiana Textile Firm To Invest Rs 2,500 Cr In Mandsaur Unit

Textile Insights August 18, 2025

A Ludhiana-based textile company has acquired 25 hectares of land in the upcoming Basai industrial area, Mandsaur, with plans to invest Rs 2,500 crore in setting up an advanced integrated textile unit. Spread across 178.83 hectares, the Basai industrial area is being developed at a cost of around Rs 89 crore. Once completed, it is […]

Corporates

Gokaldas Exports Approves Amalgamation Of BRFL Textiles

Textile Insights August 18, 2025

The board of Gokaldas Exports Ltd (GEX) has approved the amalgamation of BRFL Textiles Pvt. Ltd. (BTPL) with the company, in a meeting held on August 9, 2025. Gokaldas Exports had made a strategic investment in BTPL in June 2024 through optionally convertible debentures, and earlier this week, its board approved raising its stake in […]

Industry

PM Modi Announces Next-Gen GST Reforms On Independence Day

Textile Insights August 18, 2025

On the occasion of India’s 79th Independence Day, Prime Minister Narendra Modi highlighted the transformative role of the Goods and Services Tax (GST), calling it one of the most significant economic reforms since its implementation in 2017. He said the next phase of GST reforms will be crucial in building an ‘Atmanirbhar Bharat’ by easing […]

Industry

RMG Green Count In Bangladesh Rises To 258

Textile Insights August 14, 2025

Bangladesh’s ready-made garment (RMG) sector has further cemented its position as the world leader in green apparel manufacturing, with five more factories earning Leadership in Energy and Environmental Design (LEED) certification from the United States Green Building Council (USGBC). This latest addition brings the total number of LEED-certified garment factories in the

Cotton

India Imports 27 Lakh Bales Cotton In 2024–25

Textile Insights August 14, 2025

India imported 27.09 lakh bales of cotton worth Rs 7830 crore in the ongoing 2024–25 cotton season (up to May 31, 2025) with major supplies coming from Brazil, the USA and Australia, according to data tabled in the Lok Sabha by Pabitra Margherita, Minister of State for Textiles. The import list was led by Brazil […]

Industry

50 Textile Parks Sanctioned Under SITP, 1.23 Lakh Jobs Created

Textile Insights August 14, 2025

To boost investment, employment, and exports in the textile sector, the Ministry of Textiles has been implementing the Scheme for Integrated Textile Park (SITP), aimed at setting up world-class textile parks across India’s key textile hubs. While the SITP was in operation until March 31, 2021, it has since been subsumed under the Textile Cluster […]

Export

India Eyes EU, New Markets To Drive Textile Export Surge

Textile Insights August 14, 2025

India’s textile industry is gearing up to tackle global trade challenges head-on, with a renewed thrust on quality, zero defects, and export competitiveness, aiming for a US$ 100 billion export target by 2030. In a high-level meeting with top textile and apparel stakeholders at Sushma Swaraj Bhawan, Union Minister of Textiles Giriraj Singh, joined by […]

OCM Names Dhruva Singh Chauhan As CEO

Vardhman, NITRA Sign MoU For Next-Gen Sustainable Fibre Development

Ludhiana Textile Firm To Invest Rs 2,500 Cr In Mandsaur Unit

Gokaldas Exports Approves Amalgamation Of BRFL Textiles

PM Modi Announces Next-Gen GST Reforms On Independence Day

RMG Green Count In Bangladesh Rises To 258

India Imports 27 Lakh Bales Cotton In 2024–25

50 Textile Parks Sanctioned Under SITP, 1.23 Lakh Jobs Created

India Eyes EU, New Markets To Drive Textile Export Surge

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