Economy

India’s Textile Sector Gets 28% Budget Hike

Textile Insights July 25, 2024

India’s textile sector is poised for growth with a 28% increase in the Budget allocation for 2024-25, said Northern India Textiles Mills Association (NITMA) President Sanjay Garg. This significant boost in funding is expected to drive innovation, enhance productivity, and create new

Industry

Tashkent Region Mayor Visits Textile-Industrial Park Construction Site

July 14, 2024

On July 4, Zoir Mirzayev, mayor of the Tashkent region, visited the construction site of a textile-industrial park in the Yukorichirchik district. Accompanied by the head of the regional chamber of commerce and industry and other key officials, the visit highlighted the progress of the project in the Nurli Zamin mahalla, spanning 69 hectares. The […]

Policies

CITI And TTF Sign MoU To Enhance Textile Industry Cooperation

July 11, 2024

The Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed a Memorandum of Understanding (MOU) to significantly enhance cooperation and foster exchanges in the textile and clothing industries. This pivotal agreement was formalized by Rakesh Mehra, Chairman of CITI and James Kuo, Chairman of TTF. Effective immediately, the MOU

Event

Bharat Tex 2024 Will Highlight India’s Textile Sector Prowess: Rachna Shah

February 28, 2024

Bharat Tex, a mega event organized by the Consortium of Textile Export Promotion Councils (EPCs) and supported by the Ministry of Textiles, aimed to highlight the prowess of India’s textile sector. The event, unprecedented in scale and size, brought together stakeholders from across the textile value chain to depict the vision of Prime Minister, encapsulated […]

Corporates

Shengtai Textile’s 300,000-Spindle Yarn Plant Construction On Track

January 28, 2024

Shengtai Textile Co., Ltd., located in Zhoukou, Henan province, is making rapid progress in the construction of its 300,000-spindle spun yarn project. The company is set to implement a fully automated process, transforming the facility into a “dark factory.” With a significant investment of 5.2 billion yuan, the Shengtai Textile Industrial Park has evolved into

Policies

Iran And China Sign An MoU To Strengthen Textile Industry Ties

December 3, 2023

Iran and China have signed a memorandum of understanding (MoU) in the fields of the textile industry and clothing. The MoU was formalized between the Chairman of the Board of Directors of the Iran Textile Industries Association and the head of the China International Textile Trade Promotion Council in Shanghai on the sidelines of the […]

Corporates

French Weaving Company, LTC, Makes Sustainable Investment In Stäubli Technology

October 1, 2023

French weaving company Les Tissages de Charlieu (LTC) has invested in 40 new Stäubli SX PRO Jacquard machines in the first quarter of 2023. While LTC had previously engaged with Stäubli for Jacquard machines, this latest procurement is in line with LTC’s overarching Environmental, Social, and Governance (ESG) strategy. A key driver behind LTC’s choice […]

Corporates

Indorama Ventures Invests US$ 150M In Three Indian PET Recycling Plants

September 17, 2023

Bangkok-based Indorama Ventures Public Co Ltd is investing US$ 150 million in three PET recycling plants in India, with plans to commence commercial production by 2026, reported PTI. The plants will be located near existing PET production facilities in Haldia, Nagpur and Panipat. This move will augment Indorama Ventures’ current 800,000 tonne/year PET production for

Industry

Autoliv To Open New Textile Operation In Vietnam

April 20, 2023

Autoliv, a worldwide leader in automotive safety systems, announced its plan to build a new state of the art airbag cushion and fabric plant in Vietnam, serving Asia. The investment in the new textile facility is in response to customer demands and is intended to meet expanded future airbag production needs for the growing Asia […]