Sustainability

Closing The Loop: How EPR Policies Can Transform Textile Waste Into Opportunity

Textile Insights November 11, 2024

As the fashion industry grapples with mounting environmental concerns, the concept of Extended Producer Responsibility (EPR) has emerged as a cornerstone policy to address textile waste. This report, authored by the Ellen MacArthur Foundation, explores how EPR can reshape the textile industry

Industry

CITI Chairman Highlights Opportunities At TMMA AGM

Textile Insights September 24, 2024

CITI Chairman Rakesh Mehra addressed the 64th AGM of the Textile Machinery Manufacturers’ Association (TMMA) on September 19th, 2024 at Mumbai, emphasizing the association’s pivotal role in advancing India’s textile machinery sector. Mehra congratulated TMMA for its significant contributions, noting that the association not only advocates for textile machinery

Industry

India’s Textile Market To Reach US$ 350 Bn By 2030

Textile Insights September 9, 2024

India’s textile industry is expanding rapidly, with textile exports projected to reach US$ 65 billion by the financial year 2025-26, according to Invest India. The country’s textiles production for domestic and export markets is expected to grow at a compound annual growth rate (CAGR) of 10%, reaching US$ 350 billion by 2030. This growth is […]

Policies

Government Approves Establishment Of 7 PM MITRA Parks to Boost Textile Sector

Textile Insights July 29, 2024

The Government has approved the establishment of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks on Greenfield/Brownfield sites, including a Greenfield project in Virudhunagar, Tamil Nadu. These parks will feature world-class infrastructure, including plug-and-play facilities, with a total outlay of Rs. 4,445 crore over seven years up to 2027-28. Each park

Industry

Maersk Boosts China-Bangladesh Textile Trade With New SH3 Service

July 18, 2024

A.P. Moller-Maersk (Maersk) has launched a new ocean shipping service, SH3, between China and Bangladesh to meet the increasing trade demand, particularly in the retail industry. The service began on July 7, 2024, enhancing the existing ocean network between the two countries by adding more capacity. The SH3 service rotation starts from Shanghai Port in […]

Cotton

SISPA Urges CCI to Prioritize Cotton Sales To MSME Mills

June 28, 2024

The South India Spinners Association (SISPA) has called for immediate action from the Cotton Corporation of India (CCI) to prioritize cotton sales to Micro, Small, and Medium Enterprise (MSME) spinning mills beginning July 1. SISPA has urged that the current cotton sales policy from CCI be extended for the next three months. “The textile sector […]

Policies

India Extends PLI Scheme Timeline Amid Textile Export Challenges

June 19, 2024

The Indian government has decided to extend the timeline for setting up facilities under its Production Linked Incentive (PLI) scheme from two years to over three years. This adjustment aims to improve the scheme’s effectiveness in boosting India’s textile exports, which saw a decline of 11.69% from $16.24 billion in 2018 to $14.34 billion in […]

Industry

India Plans Setting Up ‘Bharat Park’ In UAE For Secure Trade Facilitation

January 14, 2024

India plans to set up ‘Bharat Park’ in UAE where Indian goods showroom and warehouses will come up. This will facilitate other countries of the world to buy Indian goods from ‘Bharat Park’ as the payment system is secured in UAE, stated Union Minister of Textiles & Commerce Piyush Goyal. He was speaking as Chief […]

Export

Revitalizing Indian Textile Exports With Government Initiatives

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

Policies

FTA With UK Alone May Not Lead To Big Surge In India’s T&A Exports

December 12, 2023

Even as India and the UK are close to concluding talks on a Free Trade Agreement (FTA), experts and observers in the textiles and apparel sector are of the view that the agreement may not fetch the desired results unless the industry gears up to manufacture right kind of product mix at competitive pricing. Currently, […]