Policies

PLI Scheme Expanded to Boost Garment Sector, Announces Union Minister

Textile Insights June 26, 2024

Union Textiles Minister Giriraj Singh announced the expansion of the Rs 10,000 crore Production Linked Incentive (PLI) scheme to the garment sector, aiming to boost domestic manufacturing and exports. This announcement was made during his inaugural address at the India International Garment

Tete-A-Tete

FTA With EU Would Be Real Game-Changer For India

Textile Insights 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 […]

Industry

Domestic T&A Sector Set To Reverse Trend Amidst Gradual Demand Revival

Textile Insights May 10, 2024

It seems the worst is over for the domestic textile and apparel (T&A) sector, if one goes by the exports data of the first two months of the current calendar year of 2024. Even as the overall exports declined by 1 per cent to $34.4 billion and the apparel exports from the country dipped by […]

Industry

Manufacturing, Energy & IT Driving Job Growth: foundit Report

Textile Insights March 10, 2024

India’s leading talent platform, foundit (formerly Monster APAC & ME), has published the foundit Insights Tracker (fit), presenting the latest findings on hiring trends for February 2024. According to the tracker, there has been a gradual uptick in hiring activity across sectors, indicating a 3% month-on-month growth. Although the year-on-year comparison reflects 8%

Corporates

AEPC Celebrates 46th Foundation Day

Textile Insights March 3, 2024

Apparel Export Promotion Council (AEPC) celebrated its 46th Foundation Day at its headquarters at Apparel House in Gurugram. The event began with lighting of lamp and cutting of cake. Sudhir Sekhri, Chairman AEPC, Rakesh Vaid, Vice Chairman ATDC, HKL Magu Past Chairman AEPC, Gautam Nair, Committee Member, Mithileshwar Thakur, Secretary General AEPC and staff members […]

Event

Bharat Tex 2024 Is An Excellent Platform To Showcase India’s Exceptional Capabilities In Textile Industry: PM Narendra Modi

Textile Insights February 27, 2024

Prime Minister Narendra Modi inaugurated Bharat Tex 2024, one of the largest-ever global textile events to be organized in the country at Bharat Mandapam on February 26, 2024 in New Delhi. The Prime Minister also took a walkthrough of the exhibition showcased on the occasion. Addressing the gathering, the Prime Minister said that the occasion […]

Industry

Indian Textile Industry: Perspectives From 2023 And Hopes For 2024

Textile Insights January 10, 2024

The Indian Textile industry witnessed major challenges in 2023 due to fluctuating cotton prices, diminishing demand, capacity under-utilization and dumping of imported fabrics and garments from China and Bangladesh. Gurudas Aras takes an overview of the industry scenario in 2023 and what needs to be done to pull the industry out of the quagmire in […]

Export

Revitalizing Indian Textile Exports With Government Initiatives

Textile Insights December 12, 2023

Indian textile small and medium enterprises (SMEs) capitalize on the nation’s rich pool of raw materials and abundant resources. While globalization has opened up new international avenues, persistent challenges have hindered growth. India faces formidable competition from countries like Bangladesh and Vietnam, which benefit from lower labour costs and expansive

Export

India Eyes 75% Jump In MMF Textile Exports To US$ 11.4 Bn By 2030

Textile Insights December 12, 2023

The Indian textile industry expects India’s exports of man-made fibre (MMF) textiles to increase by 75% to reach US$ 11.4 billion in 2030, up from approximately US$ 6.5 billion in 2021-22. This growth is attributed to the Production Linked Incentive (PLI) scheme and Free Trade Agreements with the UAE and Australia. As the world’s second-largest […]

Technical Textile & Nonwoven

Indian Technical Textile Industry All Geared Up To Explore Emerging Opportunities

Textile Insights October 10, 2023

The domestic technical textiles sector is all set to commence its next phase of growth trajectory going forward as the industry is finding itself in a much more conducive situation in the last few years. Though the government has been trying to promote this sector for some time now, it is only in the last […]