Industry

Indian Viscose Staple Yarn Sector Revenue To Hit All Time

Textile Insights August 4, 2023

Revenue of the Indian viscose staple yarn (VSY) industry will witness a growth of 10-12 percent in the current fiscal and is expected to hit US $2.5 in total revenues or all time high in the current fiscal. A CRISIL Ratings report attributed this growth to continuing of the strong demand from

Industry

Indian Cotton Yarn Sector To Witness 5-7% Growth In FY’24

Textile Insights July 22, 2023

Indian cotton yarn industry is likely to witness 5-7 percent year on year growth in sales volume, while the operating margin is expected to expand by 100-150 bps from a year ago in fiscal 2023-24. “Factors contributing to this improvement include the alignment of Indian cotton prices with international prices and a shift in demand […]

Industry

Tamil Nadu MSME Spinning Mills To Stop Production From July 15

Textile Insights July 14, 2023

MSME spinning mills in Tamil Nadu have unanimously decided to stop production and sales of yarn from July 15, 2023, due to heavy losses suffered by the spinning industry. This decision was taken at an emergency meeting of MSME Spinning Mills Associations’ held on July 12. Members of the South India Spinners Association (SISPA) and […]

Machinery

Air-Jet Spinning at a new level with Rieter’s J 70

Textile Insights July 14, 2023

The new Rieter air-jet spinning machine J 70 with individually automated, independent spinning units and optimized technology components enables the production of high-quality yarns with maximum efficiency. Together with the excellent raw material yield and low energy requirements, spinning mill owners can benefit from low yarn conversion costs. With the J 70, spinning

Policies

Surat Jari Producers Welcome GST Rate Reduction

Textile Insights July 13, 2023

Jari yarn manufacturers of Surat, which is the biggest manufacturing hub for Jari production, have welcomed the decision of the GST Council to reduce GST rate from 12 percent to 5 percent on Jari yarn. Since the introduction of GST in 2017, the Surat Jari Manufacturers Association has been demanding reduction in the GST rate, […]

Cotton

US Cotton Growers Invited To Become Climate Smart

Textile Insights July 10, 2023

The US Cotton Trust Protocol has invited US cotton farmers to join its five-year ‘Climate Smart Cotton Program’. The program aims to measure and improve the carbon footprint of the US cotton industry while building on the four pillars of Climate Smart Agriculture (CSA) practices. Participating growers will receive technical and financial support as well […]

Policies

FIASWI Opposes QCO For BIS Certification On Polyester Yarns

Textile Insights June 30, 2023

The Federation of Indian Art Silk Weaving Industry (FIASWI) has demanded removal of implementation of Quality Control Orders (QCO) for Bureau of Indian Standard (BIS) certification on various polyester yarns. “FIASWI in a letter addressed to Rachna Shah, the Textile Secretary and JK Gupta, Head Specifications (Textiles) at BIS, has highlighted the need to rectify […]

Special Report

Global Yarn Market Expected To Grow At 5.1% CAGR

Textile Insights June 29, 2023

Worldwide textile yarn market is projected to grow at a CAGR of 5.1 percent to reach US $18.5 billion by 2028 from $14.4 billion in 2023. “China is expected to account for the largest market share in Asia-Pacific in 2023,” Report Linker informed. “The increasing global population, coupled with urbanisation trends, has a direct impact […]

Product Launch & Innovation

CIEL Unveils Brewed Protein Fibres Made Yarn

Textile Insights June 29, 2023

Mauritius based and CIEL owned Ferney Spinning Mills and Floreal Knitwear launched Otenya, a new yarn collection made from Spiber’s Brewed Protein fibres. This launch marks an important milestone as Ferney Spinning Mills becomes the first global spinning mill to introduce yarn collections incorporating Brewed Protein fibres. Brewed Protein fibres are a new class of

Product Launch & Innovation

Rubi & Ganni Launch Carbon Negative Yarn

Textile Insights June 29, 2023

US based Rubi Laboratories, which pioneered ‘Carbon Negative’ textiles and Denmark based fashion brand Ganni launched a yarn produced directly through a fully enzymatic process made from carbon emissions. The two companies unveiled the yarn, which they claim is both water and land neutral at the Global Fashion Summit in Copenhagen and will design garments […]