Tete-A-Tete

‘The Outlook For India’s Knitting And Processing Industry Is Promising!’

Textile Insights October 10, 2024

The demand for Indian products is growing, especially in fashion-related industries. As fashion requires creativity, design innovation and programming skills, this presents a significant opportunity for young talent in India, offering them interesting and challenging roles beyond repetitive

Event

ITMF & IAF Convention Highlights Textile Industry’s Future In Samarkand

Textile Insights September 17, 2024

The joint ITMF Annual Conference and IAF World Fashion Convention took place from September 8-10 in Samarkand, Uzbekistan. Co-organized by the International Apparel Federation (IAF) and the International Textile Manufacturers Federation (ITMF), and hosted by Uztextileprom, the Uzbekistan Textile and Garment Industry Association, and the Chamber of Commerce & Industry

Industry

European Textile Industry: Navigating Challenges And Seizing Opportunities

Textile Insights August 29, 2024

Since 2020, global events such as Covid-19, Ukraine conflict and shifting geopolitical dynamics have profoundly impacted the world of work and the economic landscape. Rising inflation, skyrocketing energy costs and supply chain disruptions have compounded these effects. In Germany, fears of a gas shortage further heightened concerns. The shift to remote work and the

Financial Results

Sutlej Textiles Reports Stable Q1, Wins Industry Awards

Textile Insights August 14, 2024

Sutlej Textiles and Industries Ltd has announced its financial results for the quarter ending June 30, 2024. For Q1FY25, the standalone total income remained stable at Rs 659 crore, consistent with Q4FY24, and down 0% from FY24. EBITDA was Rs 26 crore, with a margin of 4.0%, up from Rs 17 crore and 2.6% in […]

Industry

T&A Sector’s Wish-list From The Upcoming Budget

July 10, 2024

Highlights of the industry recommendations:  Removal of import duty from all varieties of cotton Increase the BCD on MMF yarn from the present 5% to 10%. Exempt varieties of textile raw material (fibre and yarn) which are not available domestically from the scope of Quality Control Orders (QCOs) Statutory/regulatory measures to curb cheap imports of […]

Industry

Nigeria’s Textile Industry Struggles Amid Revival Efforts And Rising Imports

June 25, 2024

Nigeria’s textile industry faces severe challenges, despite revival efforts and protection policies. Once a robust sector with 180 mills and over one million workers, the industry has dwindled to just five operational mills and less than 2,000 workers. Contributing factors include large-scale smuggling, inconsistent government policies, power shortages, and high funding

Industry

Lesotho Textile Industry Faces Job Losses, Prioritizes Ethical Standards

June 19, 2024

Lesotho’s textile and apparel industry has faced a stark decline, shedding nearly 16,000 jobs from March 2018 to March 2024, as highlighted during a workshop convened by the Lesotho National Development Corporation (LNDC). Puseletso Makhakhe, LNDC’s Corporate Investment and Trade Promotion General Manager, outlined the sector’s challenges, citing reduced

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 […]

Tete-A-Tete

The Global Trend Towards Sustainability Has Been A Significant Driver Of Our Business Decisions: Akhil Malhotra

March 4, 2024

In an exclusive interview with Textile Insights, Akhil Malhotra, CMD of Rudra Ecovation, shares Rudra’s journey from recycling PET bottles to producing sustainable textiles, influenced by global sustainability trends. Malhotra outlines Rudra’s strategies to overcome textile industry challenges while prioritizing sustainability.  Can you share the journey of how

Corporates

Song Hong Garment Initiates Mega Factory With Investment Of Over VND700 Billion

January 21, 2024

Song Hong Garment Company marked its 35th anniversary with the initiation of the Song Hong-Xuan Truong 2 factory in Nam Dinh Province at the end of November 2023. Representing a significant addition to Vietnam’s textile and apparel sector, the sprawling 9.6-hectare facility encompasses three workshops, a warehouse, a cutting workshop, an office building and green