Corporates

Globe Textiles Eyeing Turnover Of Rs 520 Crore By 2027

Textile Insights April 16, 2024

NSE listed Globe Textiles India is setting up a plant to manufacture 600,000 apparel pieces per month and is also eyeing a turnover of Rs 520 crore in the next three years. With a Zero Liquid Discharge (ZLD) system and partly solar generation which minimises energy costs while using green

Apparel, Fashion, Retail

SBTi To Develop Specific Emission Standard For Garment Sector

Textile Insights February 5, 2024

The Science Based Targets Initiative (SBTi) is developing an industry specific standard for six high impact sectors, including the apparel industry in 2024. According to SBTi, the garment sector has been chosen to have a sector specific SBTi standard due to its high emissions and SBTi will also review its Corporate Net-Zero Standard for potential […]

Textile Park

Meeting Called For Setting Up Mini Textile Park In Thanjavur

Textile Insights November 15, 2023

The Collector of Thanjavur in Tamil Nadu has invited entrepreneurs from the textile and garment industry to a meeting scheduled for November 17 on setting up mini textile parks. The units set up in backward blocks are eligible for capital subsidy and the scheme envisages setting up mini textile parks on about two acres of […]

Textile Park

Tamil Nadu Gives Consent For Setting Up Mini Textile Parks

Textile Insights October 27, 2023

The Tamil Nadu government has granted consent to set up six mini textile parks in the state and eight more are awaiting consent. “Around 100 companies have expressed interest in the scheme. We have given life to the scheme that was dormant since 2015. It will start gaining momentum now,” Tamil Nadu Textile Commissioner M. […]

Industry

Gokaldas Exports Acquires UAE Based Garment Producer Atraco

Textile Insights August 31, 2023

One of India’s biggest garment exporters, Gokaldas Exports will acquire UAE based apparel manufacturer Atraco, through one of its subsidiaries for US $55 million (around Rs 455 crore). Atraco, which is headquartered in Dubai manages four clothing manufacturing factories in Kenya and one in Ethiopia and manufactures around 40 million garments per year “The $55 […]