Corporates

Küçükçalık To Expand With US$ 50M IFC Investment

Textile Insights December 19, 2024

The International Finance Corporation (IFC) has committed a US$ 50 million investment in Küçükçalık Tekstil Sanayi ve Ticaret A.Ş. (Küçükçalık), a leading home textiles manufacturer with operations in Türkiye and Egypt. The funding will support capacity expansion and sustainability initiatives.

Event

Driving Sustainability: NISTI-IIT Delhi Conference On Textiles

Textile Insights December 10, 2024

The much-anticipated NISTI-IIT Delhi Conference on Sustainability in Textiles is set to take place on 14th December 2024 at IIT Delhi, uniting thought leaders, researchers, and innovators. Organized by NISTI Regd in collaboration with the Department of Textile and Fibre Engineering, IIT Delhi, this flagship event is set to redefine the roadmap for sustainability in […]

Sustainability

Indian T&A Exports To Face New Sustainability-Related Regulatory Challenges In EU & US

Textile Insights December 10, 2024

The Indian T&A sector is expected to encounter multiple sustainability-related regulatory challenges from its major markets like the US and EU in the future. The European Union, for instance, has introduced the `EU Strategy for Sustainable and Circular Textiles’, which includes Extended Producer Responsibility (EPR) regulations that require brands to manage textile

Sustainability

European Cities Lead The Charge Against Fast Fashion With Local Solutions

Textile Insights December 10, 2024

A new report shows that European cities are setting a precedent by acting on fast fashion at the local level—even without strong guidance from governments. The report showcases practical examples where cities have demonstrated solutions to the textile waste crisis and provided guidance to concerned local policymakers. The new report, “Cities and consumption: Local

Sustainability

Sustainability Report Unveils Roadmap To Promote Circularity In Cambodia’s GFT Sector

Textile Insights December 10, 2024

A comprehensive Sustainability Recommendation Paper (SRP), jointly developed by GIZ Fabric Cambodia and Global Fashion Agenda (GFA), has unveiled a roadmap for promoting textile waste management and recycling in Cambodia’s vital garment, footwear, and travel goods (GFT) sector. The report, supported by the German Federal Ministry for Economic Cooperation and Development

Corporates

ABFRL And GIZ Unveil Pioneering Circularity Guidelines For Textile Industry

Textile Insights December 8, 2024

Aditya Birla Fashion and Retail Ltd (ABFRL), in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), launched India’s first circularity guidelines for the textile and apparel industry at the Sankalp Bharat Summit 2024 in Varanasi. Titled “Stitching the Circle: A Roadmap for Circular Textiles & Apparel in India,” the

Policies

Gujarat Textile Policy 2024: Comprehensive Incentives To Propel Sustainable Growth

Textile Insights October 17, 2024

Gujarat, a leading textile hub of India, has announced its Textile Policy 2024, designed to boost investments, support local enterprises and promote sustainable manufacturing practices. The policy provides a mix of capital subsidies, interest relief, payroll assistance and infrastructure support, aiming to position Gujarat as a global leader in textiles. Key Incentives and

Industry

Textile Waste Mismanagement Costs Bangladesh Billions

Textile Insights August 28, 2024

A recent study reveals that Bangladesh is losing out on $5 billion in potential annual export revenue due to a lack of policies for recycling post-industrial textile waste, known as jhut. The report, “Regulatory Framework to Enable Recycling of Post-Industrial Waste (Jhut) for the RMG Industry in Bangladesh,” stresses the need for a circular economy […]

Corporates

Shinkong Invests US$10M in Ambercycle’s First Facility

Textile Insights August 15, 2024

Shinkong Synthetic Fibers Corporation, a global leader in polyester production, has invested US$ 10 million in Ambercycle’s inaugural state-of-the-art commercial facility. This investment will expand global production capacity for Ambercycle’s premium material, made from end-of-life textiles, and marks a significant milestone in the three-year collaboration between the two

Sustainability

VDMA Textile Machinery Issues Position Paper on EU Sustainability Regulations

Textile Insights August 2, 2024

In a position paper released, the VDMA Textile Machinery Association addresses the ambitious EU regulations and their national implementation for a sustainable and circular transformation of the textile and clothing industry. Textile production demands significant resources, including water, energy, and chemicals. “The members of VDMA Textile Machinery support