Economy

250 Exhibitors Participating At Intertextile Home Textiles

Textile Insights February 16, 2024

Over 250 exhibitors from seven countries and regions have booked their booths for the Spring Edition of Intertextile Shanghai Home Textiles taking place from March 6-8 in Shanghai. “Synchronising with China’s peak sourcing season, the upcoming show will cater to the diverse needs of buyers

Home Textiles

Bangladeshi Home Textile Exports Starting To Lose Lustre

Textile Insights February 10, 2024

Bangladeshi home textile exports have started losing luster since fiscal 2022-23 when they declined 32.47 percent over fiscal 2021-22, which had grown even in the Covid-19 pandemic years The country’s home textile overseas shipments crossed the psychological US $1-billion mark in fiscal 2020-21, thereby recording a staggering growth of 49.17 percent over the earlier

Financial Results

Welspun Living Revenue Up 19% Between April & December

Textile Insights February 8, 2024

In the first nine months of fiscal ending March 31, 2024, total revenue at home textiles producer and exporter Welpsun Living reached Rs 72,084 million, up an impressive 19.7 percent year on year. “The flagship brand, ‘Welspun,’ maintains its position as the most widely distributed home textile brand in India with a presence across 600 […]

Home Textiles

Welspun Living Expanding Home Textile Capacity In India & USA

Textile Insights February 7, 2024

Recognising the burgeoning demand for premium and stylish bath experiences, Welspun Living is investing Rs 326 crore in a state-of-the-art jacquard towel manufacturing facility at its Anjar plant. This brownfield expansion, slated for completion by November 1, 2024, will add a staggering 6,400 metric tons per annum (MTPA) to its existing towel capacity, reaching a […]

Home Textiles

EPCH Supports 20 Indian Home Textile Exporters At Heimtextil

Textile Insights January 15, 2024

At the recently concluded Heimtextil 2024, the Export Promotion Council for Handicrafts (EPCH) supported 20 Indian home textile exporters spread across three halls at the exhibition. The India pavilion was inaugurated by BS Mubarak, Consul General of India, Frankfurt and Dr Beena, Development Commissioner (Handlooms). “It was a great opportunity for India to show its […]

Home Textiles

Visitor satisfaction grows to 93% at Heimtextil 2024

Textile Insights January 13, 2024

At Heimtextil 2024, visitor satisfaction rose to an average of 93 percent, particularly with the breadth and depth of the offering, while around 80 percent of exhibitors achieved their trade fair goals. “Among German trade visitors, overall satisfaction rose by seven percentage points to 88 percent, while over 90 percent of all visitors achieved their […]

Home Textiles

Carpets & Rugs Hall Fully Booked At Heimtextil 2024

Textile Insights December 9, 2023

The new Carpets & Rugs hall at Heimtextil, which will be held from January 9-12, 2024, has now around 100 manufacturers and brands and is fully booked, due to a strong increase in suppliers of machine woven carpets. These exhibitors include Merinos Hali, Oriental Weavers Group, Ragolle Rugs, Universal XXI, Verbatex and the Belgian association […]

Home Textiles

Use Of Sustainable MMCF In Home Textiles Gets Boost In Karur

Textile Insights December 7, 2023

Birla Cellulose, a manufacturer of sustainable cellulose fibres held a hub-meet in Tamil Nadu’s Karur, to explain potential of sustainable manmade cellulosic fibres (MMCF) in the home textiles sector. This meet which was attended by 175 home textile producers and exporters from the Karur textile cluster, aimed to pave the way for sustainable innovation in […]

Event

MAG Solvics And A.T.E. Revolutionize Textile Testing In Panipat

December 3, 2023

In a collaborative effort, MAG Solvics and A.T.E. Group organized the “MAG Customer Day” in partnership with the Northern India Rotor Spinners Association, highlighting the latest advancements in textile testing technology. The event, held on November 3, 2023, saw the unveiling of MAG’s cutting-edge solutions – the HVT Genius 2 fully automatic fibre

Home Textiles

Indian Home Textile Companies Revenue To Rise 7-8% In FY’24

Textile Insights November 29, 2023

In a research note on the Indian home textiles industry, ratings agency ICRA expects revenues of its sample report companies to increase 7-8 percent year on year to Rs. 21,500 crores in the ongoing fiscal. Additionally the ratings agency also expects operating margins to improve 250-350 bps in the current fiscal. ICRA’s sample of four […]