Export

Amid Red Sea Disruption German Shipper Offers Land Route

Textile Insights January 29, 2024

German shipping group Hapag-Lloyd will be introducing land corridors through Saudi Arabia to mitigate the impact on its business. But the German shipping giant will continue to route its vessels around the Cape of Good Hope until further notice due to Houthi attacks on vessels in the Red Sea.

Policies

Textile Ministry May See Marginal Rise In Budget Allocation

Textile Insights January 29, 2024

The Indian Textile Ministry is likely to see a marginal increase of 2.5 percent in its budget allocation for fiscal 2024-25 over the Rs 4,389 crore allocated in the current fiscal. “This increase, though modest, aligns with the government’s commitment to establish India as a key global player in the textile industry. However, the limited […]

Industry

Cotton Textile Associations Submit Memorandum To Piyush Goyal

Textile Insights January 22, 2024

The Confederation of Indian Textile Industry (CITI) and other cotton based textile associations submitted a memorandum to the textiles ministry in a collective effort to address the challenges faced by the Indian cotton textiles and clothing industry. The joint memorandum submitted to Piyush Goyal, Minister of Textiles highlights concerns related to the Cotton Corporation

Industry

Indian Textile Sector Optimistic As Markets Being To Recover

Textile Insights January 18, 2024

The Indian textile industry, which has been grappling with low demand for almost a year, is now feeling optimistic as the market begins to recover. One of the main reasons for this new found optimism is the decrease in inventory levels across the entire value chain. Additionally, China has recently purchased 6,000 tons of cotton […]

Industry

Indian Economy Expected To Touch $5 Trillion By Fiscal 2026-27

Textile Insights January 12, 2024

According to a recently released PHD Chambers of Commerce and Industry (PHDCCI) report, the Indian economy is expected to surpass $4 trillion in fiscal 2024-25 and touch $5 trillion by fiscal 2026-27, PHDCCI noted that India is poised to attain the status of a developed economy by 2047 under the initiative of ‘Viksit Bharat’. PHDCCI […]

Corporates

GHCL Textiles Investing Rs 535 Crore To Expand Capacity In TN

Textile Insights January 12, 2024

GHCL Textiles Ltd., a manufacturer of various varieties of yarns signed an MOU with the Government of Tamil Nadu for an investment of Rs 535 crores on at the just concluded Global Investors Meet 2024. GHCL is a manufacturer of combed cotton compact ring spun yarns, cotton open end yarns, synthetic and blend ring spun […]

Event

Strategic Alliances & Collaborations Inked For Bharat Tex 2024

Textile Insights January 11, 2024

Bharat Tex 2024, India’s premier global textile event, which will be held in New Delhi from February 26-29, 2024, at Bharat Mandapam and Yashobhoomi, is set to redefine industry standards. The event will be held under patronage of the Ministry of Textiles, and organised by a consortium of textile export promotion councils. Strategic alliances have […]

Tete-A-Tete

Indian Market Is Going To Invest A Lot On The Production Of Active Wear

January 10, 2024

Indian market is looking for salt-free dyeing technology for knit fabric dyeing, says S. Rajendran, Sr. VP, Businees Head – Textile Engineering Group (Processing & Accessories) & Zonal Head – South India, A.T.E. Enterprises Pvt. Ltd.  How would you describe your overall experience at ITMA Asia + CITME? Looking at the current business situation, I […]

Cotton

Enhanced Focus On Sustainability Will Be Key To Robust Cotton Value Chain

January 10, 2024

Setting up a sustainable cotton textile production base will call for sourcing of sustainably-grown cotton fibre and deep engagement and a collaborative approach, along with exchange of ideas and leveraging of innovations will go a long way in making the cotton value chain robust and sustainable, say industry experts and observers. While the domestic cotton […]

Industry

Indian Textile Bodies Seek Financial Support for Industry From Govt

Textile Insights January 6, 2024

Various textile mill associations of India have highlighted the acute financial stress faced by the spinning segment of the textile industry to the Finance Minister. The joint appeal to Minister of Finance, Nirmala Sitharaman comes after a significant downturn in the cotton-based spinning sector, exacerbated by Ukraine-Russia conflict and the recent Israel-Hamas war. “The