Industry

Indian Textile & Clothing Sector To Hit $350bn Mark By 2030

Textile Insights October 17, 2023

A report informs that the Indian textile and clothing sector is forecast to reach US $350 billion by 2023 growing at a CAGR of 10 percent. The Indian textile and apparel sector was pegged at $165 billion in 2022, with the domestic market commanding $125 billion and the rest constituting

Industry

Indian Textile Sector Has To Adopt Holistic Approach

Textile Insights September 25, 2023

The Indian textile and garment sector has to adopt a holistic approach with a long-term vision to capitalise on opportunities available in the worldwide markets. This was informed by SK Sundararaman, Chairman of the Southern India Mills Association (SIMA) who also added that the industry in recent times has been facing several challenges. These challenges […]

Apparel, Fashion, Retail

Apparel Sector May Get Boost From PM Vishwakarma Yojna

Textile Insights September 21, 2023

The Indian garment sector may get a boost from the recently announced PM Vishwakarma Yojna as it offers several benefits, suitable for specific needs of skilled artisans working in the clothing industry. The Apparel, Made-Ups & Home Furnishing Sector Skill Council (AMHSSC) welcomed the Vishwakarma Yojna and called it a momentous step that will bring […]

Apparel, Fashion, Retail

Proposal Mooted For Tripartite Committee To Fix Yarn Prices

Textile Insights September 21, 2023

Tiruppur based garment exporters have suggested forming a tripartite committee made up of garment units, yarn mills and the state government to review and fix yarn prices for a three-month period, in a bid to overcome fluctuation of yarn prices. “Unstable cotton yarn prices are derailing deals of many garment units. While cotton prices change […]

Sustainability

Bangladesh Tops List With 202 Green Certified Garment Factories

Textile Insights September 21, 2023

Bangladesh which has 202 green certified garment factories tops the list with the maximum number of green certified apparel factories among all countries in the world Bangladesh is currently the second largest worldwide apparel exporter which totaled $45 billion in the previous fiscal ending June 30, 2023. “Additionally, the South Asian country which has a […]

Policies

India May Announce Incentives For Textile & Garment Sector

Textile Insights August 24, 2023

The government of India may announce fiscal incentives for the ailing textile and garment by this year-end, which has been impacted by decline in export orders. According to media reports, the incentives may be provided under the production linked incentive (PLI) scheme that the government offers, to boost manufacturing in various sectors. Referring to industry […]