Industry

Beximco Shutdown In Bangladesh Benefits Indian Textile Firms

Textile Insights December 9, 2024

Bangladesh’s largest textile industrial park, Beximco, has been significantly impacted as approximately 170 top textile factories, including 23 owned by Beximco itself, have been forced to shut down due to a severe liquidity crisis and difficulties in securing letters of credit (LCs) for raw

Cotton

Decline In Cotton Sowing In Kharif Season Raises Export Concerns

Textile Insights October 10, 2024

India’s textile industry is grappling with a significant challenge as reduced cotton sowing during the current kharif season raises concerns about meeting the government’s ambitious export targets. As of September 13, cotton sowing has dropped to 11.24 million hectares, down from 12.36 million hectares in the same period last year. This decline raises questions

Industry

Turmoil In Bangladesh: A Boon For Indian Textile Industry?

Textile Insights August 10, 2024

Bangladesh, which is currently embroiled in severe political crisis, is renowned for its thriving textile sector. The country’s substantial income from garment exports is now under threat due to the ongoing turmoil. As a result, global textile importers are beginning to explore alternative markets, including India. Bangladesh is a significant player in the global

Industry

Bangladesh Unrest Halts Surat Textile Orders

Textile Insights August 8, 2024

The ongoing unrest in Bangladesh is posing significant challenges for Surat’s textile sector, which exports over Rs 100 crore worth of yarn and textile items to Bangladesh every month. The turmoil has led to a halt in new orders, raising concerns about payments for supplies already shipped. Bangladesh, a major apparel production hub for renowned […]