News - Textile Insights - Page 98

February 22, 2026

Financial Results

Sportking Q1 Profit Up 10%, Plans Rs 1,000 Cr Expansion

Textile Insights August 3, 2025

Sportking India Limited, one of India’s leading textile conglomerates, reported a 10.4% year-on-year rise in net profit to Rs 35.2 crore for Q1 FY26, supported by margin expansion despite lower revenues. Revenue from operations stood at Rs 585.8 crore, down 7.6% YoY, though exports rose 18%

Industry

Trump Announces 25% Tariff On Indian Imports Over Russia Ties

Textile Insights July 30, 2025

U.S. President Donald Trump has announced a 25% tariff, along with an unspecified penalty, on Indian imports starting August 1, 2025, citing India’s continued defense and energy ties with Russia. In a sharply worded statement, Trump criticized India for maintaining strong military and energy relations with Moscow, calling it “Russia’s largest buyer of energy” and

Industry

Centre Proposes Uniform 12% GST Across Textile Sector To Fix Inverted Duty Structure

Textile Insights July 30, 2025

The GST Council may soon consider a proposal to impose a uniform 12% Goods and Services Tax (GST) across the entire textile value chain before September, as part of the next phase of tax reforms, a senior government official told Moneycontrol. Currently, cotton is taxed at 5%, yarn at 12%, and synthetic fibres and their […]

Apparel, Fashion, Retail

Sri Lanka Launches Major ESG Drive To Future-Proof Apparel Sector

Textile Insights July 30, 2025

A new sustainability initiative aimed at enhancing the global competitiveness and resilience of Sri Lanka’s apparel industry has officially launched with strong backing from both national and international partners. The Improving Transparency for Sustainable Business (ITSB) program, introduced jointly by the Global Reporting Initiative (GRI) South Asia, Sri Lanka

Industry

SIGA Urges SEZ For Small Textile Units In Karnataka

Textile Insights July 29, 2025

The South India Garments Association (SIGA) has urged the Karnataka government to establish a Special Economic Zone (SEZ) dedicated exclusively to small and medium textile enterprises (SMEs) in the state, citing the lack of infrastructure support despite the sector’s significant contribution to employment and state revenue. Speaking on Saturday, Anurag Singhla, President

Industry

PT Asia Pacific Fibers Lays Off 1,802 Employees Amid Plant Shutdown

Textile Insights July 29, 2025

PT Asia Pacific Fibers Tbk, one of Indonesia’s leading polyester manufacturers, has laid off approximately 1,802 employees following the temporary closure of its polyester and fiber manufacturing plant in Karawang in November 2024. The company cited severe financial strain and deteriorating market conditions as key reasons for the move. According to the company’s

Industry

Mizoram CM Seeks Handloom Push At Task Force Meet

Textile Insights July 29, 2025

Mizoram Chief Minister Pu Lalduhoma on July 22nd participated in a virtual meeting of the High-Level Task Force on Handloom & Handicraft, chaired by Nagaland Chief Minister Pu Neiphiu Rio. The task force, set up under the Ministry of Development of North Eastern Region (DoNER), aimed to strengthen and revitalize the handloom and handicraft sector, […]

Event

Intertextile Shanghai 2025 To Showcase Future Of Home Textiles

Textile Insights July 29, 2025

Intertextile Shanghai Home Textiles – Autumn Edition 2025, Asia’s premier home textile trade fair, is set to return from 20–22 August 2025 at the National Exhibition and Convention Center in Shanghai with a reimagined fringe programme aimed at reshaping the future of home furnishings. Organized by Messe Frankfurt (HK) Ltd, the Sub-Council of Textile Industry, […]

Industry

PM Modi Hails Textile Sector As Pillar Of Self-Reliant India

Textile Insights July 29, 2025

Prime Minister Narendra Modi, in the 124th episode of his monthly radio address Mann Ki Baat, hailed India’s textile industry as a driving force behind the country’s cultural revival and economic empowerment. Emphasizing its impact on rural entrepreneurship and traditional crafts, he said the sector is creating thousands of opportunities for women and youth across […]

Event

PHDCCI Successfully Hosts Technical Textiles Meet In Ludhiana

Textile Insights July 29, 2025

The PHD Chamber of Commerce and Industry (PHDCCI), in collaboration with the Ministry of Textiles, Government of India, under the National Technical Textiles Mission (NTTM), successfully organized a one-day Conference on Technical Textiles at the CICU Complex, Focal Point, Ludhiana. The event aimed to foster dialogue, collaboration, and strategic growth in India’s

Previous
1
…
96
97
98
99
100
…
508
Next