Financial Results

Mafatlal Industries Reports Highest-Ever 9-Month Revenue In Q3 FY25

Textile Insights February 11, 2025

Mafatlal Industries Ltd, a legacy player in the Indian textile industry, announced its unaudited financial results for the quarter and nine months ending December 31, 2024. The company reported a remarkable 116.7% year-on-year growth in revenue from operations for Q3 FY25, reaching Rs 910.2

Economy

Union Budget 2025-26: A Transformational Push For Textiles, MSMEs, Agriculture And Exports

Textile Insights February 1, 2025

Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, introducing a series of bold reforms and sector-specific initiatives aimed at bolstering India’s textile industry, MSMEs, exports and agriculture, while implementing tax relief measures to increase disposable income and stimulate economic growth. With a strong focus on self-reliance, domestic

Policies

Textiles Minister Reviews PLI Scheme Progress

Textile Insights August 22, 2024

Union Minister of Textiles, Giriraj Singh met the beneficiaries of the Production Linked Incentive (PLI) Scheme for MMF apparel, fabrics, and technical textiles on 20th August in New Delhi. The participants shared their ongoing commitment, successes, experiences, feedback, and challenges related to the scheme. Giriraj Singh confirmed the Government’s dedication to

Export

Vietnam Garment Exports Rise, Challenges Remain

July 18, 2024

The garment and textile industry anticipates robust growth in the latter half of 2024, driven by increasing orders and improving consumer demand. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association, expressed optimism as many enterprises have secured orders for October and November. This positions them to strive towards meeting the export target […]

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 […]

Technical Textile & Nonwoven

ITTA Meets New Minister Of Textiles To Discuss Future Of Technical Textiles

June 15, 2024

The Indian Technical Textile Association (ITTA) had a highly productive and cordial meeting with the new Minister of Textiles, Giriraj Singh, in New Delhi on June 13, 2024. During the meeting, ITTA provided an overview of its activities and achievements over the past decade in the field of technical textiles. The association highlighted its ongoing […]