Industry

Haryana Textile Body To Invest Rs 2,000 Crore In UP

Textile Insights September 27, 2023

The Haryana Textile Association has expressed interest in investing Rs 2000 crore in Uttar Pradesh in a meeting with the Chief Minister Yogi Adityanath. A 21-member delegation of the association informed the Chief Minster that around 50 production units would be set up in the first phase. They

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

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 […]

Machinery

Elgi launches IoT-Based Air Compressor Monitoring System

Textile Insights September 18, 2023

Coimbatore based air compressor manufacturer Elgi Equipments has launched Air~Alert, an IoT-based Air Compressor Monitoring System in the Indian market. Air~Alert is a data transmission and analysis service that monitors critical parameters and sends out actionable insights and alerts to users. “With these insights, customers can improve uptime and maximise efficiency with

Industry

India Has Capability To Become World’s Biggest Textile Hub: Goyal

Textile Insights September 2, 2023

India has the capability to become the world’s biggest textile hub and the Indian textile sector has done commendable work, but should multiply their efforts, as a lot still needs to be achieved. This was said by Chief Guest and Textile Minister Piyush Goyal, while delivering the keynote address at the 11th Asian Textile Conference […]

Industry

Indian Textile Sector Will Regain Lost Glory: Piyush Goyal

Textile Insights September 1, 2023

The Indian textile sector will regain its lost glory and Tamil Nadu is going to be the vanguard of the revival. This was informed by Minister for Textiles Piyush Goyal, while speaking at the office of the Southern India Mills’ Association in Coimbatore. “Most developed countries are facing economic challenges. But I feel proud to […]

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 […]

Corporates

KPR Mill Investing Rs 400 Crores in Expansion & Modernisation

Textile Insights August 22, 2023

Coimbatore based and one of India’s biggest vertically integrated textile mills, KPR Mill Ltd is planning to invest Rs 400 crores in modernisation and expansion of its production facilities KPR Mill which has footprints spanning across yarns, fabrics, garments and sugar will invest Rs 100 crores to set up a Vortex spinning mill in the […]

Event

CITI Educates Textile & Garment Industry On ESG Requirements

Textile Insights August 22, 2023

The Confederation of Indian Textile Industry (CITI) is organising a series of seminars to provide the Indian textile and garment industry, a better understanding of Environmental, Social, and Governance (ESG) requirements. CITI said the need for ESG has been growing not only because of expectations from the western markets, but recent SEBI and RBI guidelines […]

Corporates

Reliance To Invest Rs 7,000 Crores in Alok Industries

Textile Insights August 14, 2023

Mukesh Ambani led Reliance Industries Ltd (RIL) has plans to invest Rs 7,000 crores in the current fiscal in Alok Industries, a textile manufacturer and which is one of RIL’s subsidiaries. The Rs 7,000 crores investment is part of an Rs 14,000 crores investment, which the biggest Indian corporate company has planned to invest in […]