Export

India’s Textile And Apparel Exports Surge 4.08%

July 18, 2024

India’s textiles and apparel sector has shown promising growth, with exports rising by 4.08% to US$ 8.785 billion in April-June 2024. This performance comes amid a shifting global market, where India’s strategic positioning and competitive advantages are becoming more evident.

Cotton

CCI Promotes India-U.S. Textile Partnership With Focus On U.S. Cotton

June 20, 2024

A media roundtable led by Cotton Council International (CCI) highlighted strategic India-U.S. textile trade partnerships, emphasizing U.S. cotton as the favored choice for Indian spinners. On June 19, in New Delhi, the “COTTON USA™: Weaving Threads of Unity between the U.S. Cotton and Indian Textile Industry” event delved deeper into this collaboration. India’s

Tete-A-Tete

FTA With EU Would Be Real Game-Changer For India

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 […]

Textile Park

Burhanpur Textile Park Witnesses Waiting List For Plots

Textile Insights May 30, 2024

The proposed textile park in Sukhpuri, Burhanpur district, has reported a substantial waitlist of industries seeking to establish operations within the forthcoming industrial park. The Special Purpose Vehicle (SPV) established to oversee development of the park has obtained partial funding commitments from 250 companies for the cluster’s saleable area of 42 lakh

Industry

CITI Gears Up For Future That Envisions Thriving Textile Sector

Textile Insights May 14, 2024

The Confederation of Indian Textile Industry (CITI) is gearing up for a future that envisions a thriving textile sector till 2047, which also marks ‘New India’s’ fulfillment of aspirations. “The textile industry is crafting an action plan not just for the immediate future but for the long haul till 2047,” CITI Chairman Rakesh Mehra said. […]

Financial Results

Filatex India Announces Q4FY24 & FY24 Audited Results

May 5, 2024

Filatex India Ltd, a leading manufacturer of synthetic filament yarns, reported its audited results for Q4FY24 & FY24 on April 30, 2024. Filatex reported revenue of Rs 1,026 crore in Q4FY24 (Rs 1,083 cr in Q3FY24), EBITDA of Rs 64.6 cr (vs. Rs 74.7 cr), Profit Before Tax of Rs 47.2 cr (vs. Rs 25.2 […]

Policies

India May Give Sops To Boost Synthetic Yarn & Fabric Output

Textile Insights May 4, 2024

The Indian government is considering measures to boost domestic production capabilities of manmade fibre or synthetic yarns and fabrics by offering subsidies and tax incentives. The government will also help to set up advanced manufacturing units, and strengthen the sector’s overall competitiveness, according to two people aware of the matter. “The government is

Event

CITI’s YEG Seminar On Megatrends Shaping Textile & Apparel Sector

Textile Insights May 2, 2024

The Young Entrepreneurs Group (YEG) of the Confederation of Indian Textile Industry (CITI) organised a session on ‘Megatrends Shaping the Textile & Apparel Industry’. Rajjnish Aroraa, Chairman of the Young Entrepreneurs Group emphasised the critical importance of comprehending and adapting to the megatrends influencing the textile and apparel sector. Arvind Singhal,

Industry

ITAMMA Announces Appointment Of New Office Bearers For 2024-25

Textile Insights April 15, 2024

ITAMMA has announced appointment of new office bearers for 2024-25. These include Bhaveshkumar Patel as President, Omprakash Mantry as Vice-President and Manan Shah as Honorary Treasurer. Bhaveshkumar Patel is the founder of Ahmedabad based Om Corporation, which is a manufacturer, importer and exporter of textile weaving machinery spare parts and second hand machinery.

Event

Textile Association (India) Mumbai Unit Hosting Lecture On 5S

Textile Insights April 5, 2024

The Textile Association (India), Mumbai Unit is organising a hybrid lecture on April 12, 2024 at TAI, Mumbai Unit Office. The theme of the lecture, which is online as well as offline is ‘5S – The First Step to Building a World Class Organisation’ and will be held from 4.00 to 05.30 pm. There will […]