Industry

Union Minister Supports ITF’s Textile And Apparel Growth Plans

July 11, 2024

The Indian Texpreneurs Federation (ITF) recently met with Union Textile Minister, Giriraj Singh, to present a comprehensive report on the ‘Opportunities and Challenges for the Indian Textile and Apparel Sector.’ The meeting focused on strategies to harness the China Plus One

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

Policies

CITI Gives Policy Recommendations To Boost Textile Industry

Textile Insights May 21, 2024

The Confederation of Indian Textile Industry (CITI), while appreciating efforts of the Indian Textiles Ministry for implementing pivotal policy measures, has also sought sufficient availability of cotton and manmade fibres at internationally competitive prices. To improve the cost competitiveness of the cotton value chain, CITI has given policy recommendations like removal

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

Apparel, Fashion, Retail

Dun & Bradstreet Q2 Business Optimism Index Higher By 4.2%

Textile Insights April 25, 2024

The Dun & Bradstreet Composite Business Optimism Index stands at 75.9 percent for the second quarter of 2024, 4.2 percent higher compared to first quarter of 2024 for India. Four out of six optimism indices have shown improvement with optimism for net profits at an eight-quarter high. The Index which has been measuring the changing […]

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.

Industry

Bloomtex Starts Textile Unit In J&K At Investment Of Rs 120cr

Textile Insights March 4, 2024

Bloomtex Industries has started operations of a textile unit in Kathua district in Jammu & Kashmir at an investment of Rs 120 crore, which will create employment for 350 people. The company has acquired 25 acres of land on lease at Bhagthali Industrial Estate in Kathua and has started the first phase of the project. […]

Industry

SIMA Raises Awareness In Textile Sector On ‘Competition Law’

Textile Insights February 15, 2024

SIMA conducted an awareness programme titled ‘Competition in Textile Market’ to enable textile manufacturers to understand the scope of the Competition Law to sustain competitiveness and achieve sustained growth. V. Sriraj, Joint Director (Law), Southern Regional Office, CCI addressed the participants on the role played by CCI at the awareness seminar, which was attended

Sustainability

CITI Honouring Industry With Textile Sustainable Awards 2024

Textile Insights January 31, 2024

The Confederation of Indian Textile Industry (CITI) has announced Textile Sustainable Awards 2024, which aim to acknowledge and celebrate excellence in sustainability within the Indian textile industry. The prestigious accolades will be presented in two distinct categories, offering textile mills and industry stakeholders an opportunity to showcase their commitment to

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. In a statement, the shipping company […]