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Rise in India’s textile imports a cause of concern

Rise in India’s textile imports a cause of concern

    Industry analysts are concerned as the country’s textile exports surpassed imports. Recently, there has been a growth in textile imports, driven not just by massive purchases of raw materials such as raw cotton, fabrics, and man-made textiles but surprisingly also of finished products. India, ... Read more

Budget 2023-24: Thumbs up for ELS cotton, green growth schemes, worry …

Budget 2023-24: Thumbs up for ELS cotton, green growth schemes, worry about import duty rise

   The last Union Budget before the next general election in 2024 has got a mixed reaction from India’s textile and apparel industry. The Finance Minister Nirmala Sitharaman’s focus on infrastructure, investment, green growth, youth power and inclusive development has got a thumbs-up from acr... Read more

EU’s clothing, textile sector expected to face headwinds in 2023: Eura…

EU’s clothing, textile sector expected to face headwinds in 2023: Euratex Report

  After a strong first half of the year, the EU economy has now entered a much more challenging phase. The EU is among the most exposed advanced economies, due to its geographical proximity to the Russo-Ukrainian war and heavy reliance on Russian gas. The energy crisis is eroding households' purchasing powe... Read more

Study highlights adverse effects of Section 301 tariffs on US business…

Study highlights adverse effects of Section 301 tariffs on US businesses

  The Section 301 Tariffs on American Consumers and US Businesses imposed by the Trump administration in 2018 in response to China’s unfair trade practices, seem to have boomeranged on the US doing more harm than good. A recent joint industry study has pointed out the negative Impacts on US consumers ... Read more

India’s apparel exports rose in December 22, US continued to have larg…

India’s apparel exports rose in December 22, US continued to have largest share: Wazir Advisors’ Report

  The latest Wazir Advisors’ latest ‘Apparel Trade in Key Global Markets and India’, reveals in November 2022, the US imported apparel worth $6.3billion which is 15 per cent lower than apparel imported in November 2021. The report also shows, in December 2022, the US’ monthly apparel... Read more

India’s garments industry seek favorable tax incentives in Union Budge…

India’s garments industry seek favorable tax incentives in Union Budget 2023-24

  Garment manufacturing is the single largest sector and backbone of India’s MSME with a whopping 95 per cent contribution. Stakeholders are hopeful the Finance Minister will announce some incentives for the apparel sector in the upcoming Union Budget. Indeed, the government’s Production Linked ... Read more

Global denim markets continues to stride ahead post-pandemic as demand…

Global denim markets continues to stride ahead post-pandemic as demand grows

  After two difficult Covid years of dressing down days, the fashion resilience of denim is being felt once agin. Every year, over two billion jeans are sold globally and apparel manufacturers are now focussed on cashing onto this lucrative segment in post-pandemic days. It is expected by 2023, the size of... Read more

Cotton Association of India announces further drop in 2022-23 producti…

Cotton Association of India announces further drop in 2022-23 production

  The CAI has announced it further expects a decrease in total seasonal production which stands at 330.50 lakh bales, a decrease of 9.25 lakh bales as was projected earlier. The decrease of 9.25 lakh bales was due to readjustment of production in India’s cotton-producing states. Gujarat was the only c... Read more

As global fashion sector deal with issues in 2023, economic slowdown i…

As global fashion sector deal with issues in 2023, economic slowdown is foremost

  Year 2022 was all about positivity and hope for the fashion industry with much hype about the return of consumers after two years of lockdown and uncertainty. Many brands went on to invest in more “on trend” collections that addressed sustainability and eco-consciousness. Fast fashion was pull... Read more

Sustainable cotton grows and fetches better prices: Study

Sustainable cotton grows and fetches better prices: Study

  International Institute of Sustainable Development (IISD) published a report recently on the growth of sustainable cotton practices and their pricing, as a part of their Global Market Report on agricultural products. Since 2008, IISD has been tracking the growth of voluntary sustainability standards (VSS)... Read more

Xianjiang cotton maybe pariah but apparel brand adherence still a grey…

Xianjiang cotton maybe pariah but apparel brand adherence still a grey area

The US already has several restrictions in place for imports from Xinjiang, where rights groups say Uyghurs and other ethnic and religious minorities have faced a raft of human rights abuses, including being placed in mass internment camps. Under the Uyghur Forced Labor Prevention Act, passed in 2021, US Custom... Read more

Indian T&A sector seeks friendly budget and incentives for sustain…

   The Indian textile industry has a long wish list from the upcoming union budget. Since traceability and sustainability have become critical for exporting textile and apparel products to western markets such as the UK, the EU, and the US, industry sources and various trade organisations have suggested a... Read more

EU strategy for sustainable textiles goes hi-tech

EU strategy for sustainable textiles goes hi-tech

  Recycling textiles through sophisticated industrial processes in the apparel segment is now a thing and it’s not easy. It’s now more of an obligation rather than a choice for EU countries to collect and sort their used textiles so that there is less wastage in the apparel segment as a whole. I... Read more

India’s cotton being competitively priced to match global levels

India’s cotton being competitively priced to match global levels

  India’s domestic textile manufacturers want the Indian government to lower import duty of 11 per cent on cotton to facilitate outsourcing cotton from abroad as locally produced cotton still remains 10 to 20 per cent higher than those produced in other parts of the world. “The rate of Indian ra... Read more

Italy’s textile machinery sector looks at sustained growth with focus …

Italy’s textile machinery sector looks at sustained growth with focus on green labeling

    Italian textile machinery manufacturers are confident and upbeat about 2023 as the new year will be the springboard for strong future growth as it indicates healthy progress after the disruption of the last few years. As was projected, Italy’s textile and garment industry made a positive turna... Read more

Pakistan’s textile export competitiveness on a steady decline

Pakistan’s textile export competitiveness on a steady decline

    Pakistan needs to get up and going to increase private investment and create a more sustainable diversified export product portfolio to steer the trade imbalance in the wake of the country’s declining export competitiveness. World Bank’s Pakistan development update 2021 reveals the curre... Read more

India strives to stand above global recession gloom

India strives to stand above global recession gloom

   An expected global recession in the second half of FY23 is now top of the mind for business communities around the world. Just when the global economy was recovering from the pandemic, the Russian-Ukraine war led to further economic instability disrupting supply chains, increasing prices of all comm... Read more

Cambodia’s new trade agreements catalysts slow economy

Cambodia’s new trade agreements catalysts slow economy

  Famous for its heritage tourism of Angkor Wat as the largest religious structure on earth, Cambodia is now rapidly branching out as a global sourcing destination with some all-new trade licenses. The Regional Comprehensive Economic Partnership (RCEP) trade deal as well as the Cambodia-China Free Trade Agr... Read more

Easing energy-crisis relieves Bangladesh’s apparel units with fresh or…

Easing energy-crisis relieves Bangladesh’s apparel units with fresh orders coming in

    The last month of 2022 has sparked hope and optimism amongst Bangladesh apparel manufacturers as was predicted by the Prime Minister Sheikh Haseena. Ever since the pandemic followed by Ukraine war led to a chaos in global energy supplies, particularly in Europe, Bangladesh’s largest apparel ma... Read more

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Franco Giachetti, pioneer of cutting room solutions, passes away

   Franco Giachetti, founder of Morgan Tecnica Spa, Italy,a leading provider of cu... Read more

Vietnam to host apparel summit

   Global Textile and Apparel Summit (GTAS) will be held in Vietnam, April 20 to 2... Read more

Nonprofit releases recycling directory

   A free directory of textile-to-textile recycling resources has been released by... Read more

Faibrics converts carbon emission into polyester

   Faibrics is developing a technology to convert CO2 emissions into high value po... Read more

India: Budget to reduce ELS cotton imports

   The budget has announced a scheme for enhancing the yield of extra long staple ... Read more

Bangladesh garment exports set for bigger goals

   The readymade garment industry in Bangladesh is a major contributor to the coun... Read more

Textile waste project launched in the US

   Fashion for Good has launched a recycling project in the US. The initiative is... Read more

UK to host Source Fashion

   Source Fashion will take place in the UK, February 12 to 14, 2023. This is the... Read more

Germany to host Fespa

   Fespa will be held in Germany, May 23 to 26, 2023. This digital and textile pri... Read more

Italy to host ITMA

   ITMA will be held in Milano, Italy, June 8 to 14, 2023. This is a textile machi... Read more

Jeanologia develops technologies to cut waste

   G2 Dynamic and Anubis enable the production of sustainable fabrics and achieve ... Read more

India dominates Lankan fabric imports

   Of Sri Lanka’s fabric imports in the first eleven months of 2022, China a... Read more

Century Textiles Q3 profit down 38 per cent

   For the third quarter Century Textiles’ profit fell by 38 per cent. This ... Read more

India: Gujarat textile industry sees recovery

   The Gujarat textile industry is anticipating a strong recovery in demand. Cott... Read more

Ahmedabad to host textile event

   World Textile Conference will be held in Ahmedabad, February 25 to 26, 2023. H... Read more

US to host filtration event

   FiltXPO will be held in the United States, October 10 to 12, 2023. Companies f... Read more

Budget promises enhancing cotton crop productivity

   “The government will focus on enhancing cotton crop productivity by adopt... Read more

Ralph Lauren launches C2C Gold cashmere sweater

   Ralph Lauren has launched a cashmere sweater that is certified Cradle to Cradle... Read more

India extends time for viscose quality checks

   India has extended the implementation of the quality control order for viscose ... Read more

India takes up technical textile projects

   Some 15 technical textile projects have been cleared in India. These cover key... Read more

Oswal Yarns releases declining financials

   Oswal Yarns’ total income was Rs 0.2962 crores during the period ended De... Read more

Istanbul Yarn Fair focuses on cyclical economy

   Istanbul Yarn Fair is on in Turkey till February 18, 2023. The fair is a meeti... Read more

Pak infra failure makes textile exports face hurdles

   Pakistan’s textile exports are expected to fall in the fiscal year 2022 t... Read more

Fall in Zegna Q4 revenues

   Ermenegildo Zegna’s revenues for the fourth quarter of the year were down... Read more

Class to showcase at Milano Unica

   Class will be participating at Milano Unica, Italy, January 31, 2023, to Februa... Read more

Vardhman financial details reveal degrowth

   Vardhman Textiles’ total income was Rs2436.92 crores during the period en... Read more

United Textiles releases income details

   United Textiles’ total income was Rs 4.2195 crores during the period ende... Read more

Industry looks forward to Techtextil Mumbai

   Techtextil will be held in Mumbai, September 12 to 14, 2023.This is India&rsquo... Read more

India: Arvind quarterly profit down nine per cent

   Textile manufacturer Arvind’s quarterly profit has fallen by nine per cen... Read more