Sustainability

Canada Intensifies Efforts To Combat Plastic Waste In Textiles

July 11, 2024

Canada is ramping up its initiatives to tackle plastic waste and pollution in the textile and apparel industry. Textiles are the fifth-largest category of plastic waste in Canadian landfills, prompting the government to prioritize keeping these materials in the economy and out of the

Industry

T&A Sector’s Wish-list From The Upcoming Budget

July 10, 2024

Highlights of the industry recommendations:  Removal of import duty from all varieties of cotton Increase the BCD on MMF yarn from the present 5% to 10%. Exempt varieties of textile raw material (fibre and yarn) which are not available domestically from the scope of Quality Control Orders (QCOs) Statutory/regulatory measures to curb cheap imports of […]

Sustainability

How Circular Economy Catalysts Are Leading The Way In Protecting Environment

July 10, 2024

By leveraging the efforts of Circular Economy Catalysts, the textile industry can significantly reduce its environmental impact and contribute to a more sustainable future, write Dr P Alli Rani, Director and Dr TKS Lakshmi Priya, Adjunct Faculty at Sardar Vallabhbhai Patel International School of Textiles & Management, Coimbatore The circular economy is a

Sustainability

Global Push Towards Circular Economy in Textiles Gains Momentum

July 9, 2024

In a landmark presentation at the Extended Producer Responsibility (EPR) Forum, Valérie Boiten of the Ellen MacArthur Foundation outlined the crucial role of EPR in transitioning to a circular economy for textiles. Boiten emphasized the urgent need for a systemic shift in textile management, highlighting that approximately 12 million tonnes of textiles are introduced to

Corporates

Infinited Fiber Company Secures €40 Million In Development Financing Round

March 17, 2024

Infinited Fiber Company concludes a €40 million development financing round, drawing significant investments from newcomers Inditex, TTY Management, Youngone, and Goldwin, alongside existing backers. New investors include Inditex Group, TTY Management B.V., Youngone (YOH CVC Fund 1 Limited Partnership), and Goldwin (GOLDWIN Play Earth Fund Investment Limited Partnership),