Corporates

Lenzing Group Appoints Rohit Aggarwal As New CEO

Textile Insights June 28, 2024

The Supervisory Board of Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, has appointed Rohit Aggarwal as a new member of the Management Board. He will assume responsibility for the fiber division during the third quarter. Following

Corporates

S.P. Apparels Completes Acquisition Of Young Brand Apparel

Textile Insights June 22, 2024

S.P. Apparels Ltd, headquartered in Avinashi, Tamil Nadu and well-known for its high-quality textile and apparel products, has officially completed the acquisition of 100% equity shares of Young Brand Apparel Pvt. Ltd. (YBAPL). This acquisition marks a significant milestone in S.P. Apparels’ strategic expansion into the international market, particularly the U.S.A.,

Policies

India Extends PLI Scheme Timeline Amid Textile Export Challenges

Textile Insights June 19, 2024

The Indian government has decided to extend the timeline for setting up facilities under its Production Linked Incentive (PLI) scheme from two years to over three years. This adjustment aims to improve the scheme’s effectiveness in boosting India’s textile exports, which saw a decline of 11.69% from $16.24 billion in 2018 to $14.34 billion in […]

Tete-A-Tete

FTA With EU Would Be Real Game-Changer For India

Textile Insights June 12, 2024

The fragmented textile value chain in India necessitates the goods to travel from one place to another, which adds to logistics cost as well as has an impact on quality, says Gurudas Aras Historically fragmented and complex nature of our textile value chain has been taking toll on the health of our domestic industry. How […]