Industry

RMG Exports Show 11.9% Growth Amid Global Challenges: AEPC Chairman

Textile Insights September 24, 2024

Ready Made Garment (RMG) exports have increased by 11.9% in August 2024 compared to the same month last year, with cumulative exports reaching US$ 6.395 billion for April-August 2024-25, according to Sudhir Sekhri, Chairman of the Apparel Export Promotion Council (AEPC). Sekhri noted that this

Economy

T&A Sector Has To Redeem Itself With Macro-Economic Budgetary Offerings

Textile Insights August 10, 2024

Even as the Union Budget 2024 has not been able to live up to the textile and apparel sector’s expectations in terms of direct benefits, the other macro-economic measures proposed by the Union Finance Minister to boost employment, skilling, infrastructure, start-up ecosystem, MSMEs, financial support for clean energy transition as also ensuing fiscal consolidation of […]

Policies

Government Approves Establishment Of 7 PM MITRA Parks to Boost Textile Sector

Textile Insights July 29, 2024

The Government has approved the establishment of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks on Greenfield/Brownfield sites, including a Greenfield project in Virudhunagar, Tamil Nadu. These parks will feature world-class infrastructure, including plug-and-play facilities, with a total outlay of Rs. 4,445 crore over seven years up to 2027-28. Each park

Corporates

KVIC Surpasses Rs 1.5 Lakh Crore Turnover, Creates 10 Lakh Jobs

July 14, 2024

The Khadi and Village Industries Commission (KVIC) has surpassed the Rs 1.5 lakh crore turnover mark for the first time in the 2024 financial year, marking a significant milestone in its history. KVIC’s chairman, Manoj Kumar, highlighted the achievement, noting a substantial increase from the Rs 1.34 lakh crore sales reported in FY2023. Over the […]

Corporates

Song Hong Garment Initiates Mega Factory With Investment Of Over VND700 Billion

January 21, 2024

Song Hong Garment Company marked its 35th anniversary with the initiation of the Song Hong-Xuan Truong 2 factory in Nam Dinh Province at the end of November 2023. Representing a significant addition to Vietnam’s textile and apparel sector, the sprawling 9.6-hectare facility encompasses three workshops, a warehouse, a cutting workshop, an office building and green

Industry

GOI Approves Rs 4,445 Crore For 7 Mega Textile Parks To Boost Industry

December 24, 2023

The Government of India has granted approval for the establishment of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in greenfield/brownfield sites, allocating a budget of Rs 4,445 crore. The primary objective of this initiative is to fortify the Indian textile industry by facilitating larger-scale operations, minimizing logistics costs through the