Textile Park

Shengtai Gets Green Light For US$ 280M Morocco Textile Park

Textile Insights August 20, 2026

Chinese industrial group Shengtai has secured two key administrative approvals in China for its planned US$ 280 million green textile industrial park in Morocco, marking a major step in the company’s expansion into North Africa. The project, valued at 2.29 billion Moroccan dirhams

Corporates

WFB Baird Signs MoU With Tamil Nadu Government For Wet Spinning Facility

Textile Insights August 17, 2026

WFB Baird & Company has signed a Memorandum of Understanding (MoU) with Guidance, Government of Tamil Nadu, to establish a wet spinning manufacturing facility in the state. The MoU was signed in the presence of the Chief Minister of Tamil Nadu, marking a significant step in the company’s plans to strengthen its manufacturing presence in […]

Policies

Textile PLI Scheme Attracts Rs 8,118 Crore Investment, Creates 33,427 Jobs

Textile Insights July 23, 2026

Companies approved under the Production Linked Incentive (PLI) Scheme for Textiles have invested Rs 8,117.64 crore and generated 33,427 new jobs as of March 31, 2026, the Centre informed Parliament. In a written reply to the Lok Sabha, Pabitra Margherita, Minister of State for Textiles, said a total of 170 companies had been approved under […]

Textile Park

PLI Scheme Drives Investment, Exports And Employment In India’s Textile Sector

Textile Insights June 9, 2026

The Production Linked Incentive (PLI) Scheme for Textiles is emerging as a key driver of investment, manufacturing growth and export expansion in India’s textile industry, with significant progress reported since its implementation. According to data released by the Ministry of Textiles, investments worth Rs 7,343 crore have been reported under the scheme, generating

Corporates

AMANN Group To Expand Manufacturing Footprint In Bangladesh

Textile Insights June 1, 2026

German industrial thread manufacturer AMANN Group has announced plans to expand its manufacturing footprint in Bangladesh, reinforcing its long-term commitment to one of the world’s largest apparel sourcing destinations. The development was shared by AMANN Group CEO Markus Nicolaus during a meeting with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

Corporates

Motilal Oswal Subsidiary Acquires Stake In Kusumgar For Rs 100 Cr.

Textile Insights September 26, 2025

Motilal Oswal Financial Services Limited (MOFSL) has announced that its wholly owned subsidiary has acquired a stake in Kusumgar Limited, a leading player in high-performance synthetic fabrics, for a consideration of approximately Rs 100 crore. The acquisition includes 10,95,890 compulsorily convertible preference shares and 16,43,836 equity shares of Kusumgar Limited. The

Industry

PM MITRA Parks Aim To Make India A Global Textile Manufacturing Hub

November 10, 2023

The state and Central government backed mega textile parks under the PM MITRA (Pradhan Mantri Mega Integrated Textile Region and Apparel) Park Scheme is expected to generate satisfactory response from the textile industry, which is desperately trying to put up a cost competitive textile value chain. PM MITRA parks represent a unique model where the […]