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The disclosure by the Federal Government that the neglect of the textile industry has cost the country more than $30 billion in the importation of textile raw materials is a sad development. It is, however, a reflection of the sorry state of the textile industry that was previously one of …

Mumbai – The home textile industry in India is poised for 6% – 8% revenue growth in fiscal year 2025, according to a report released this week by CRISIL Ratings (formerly Credit Rating Information Services of India Limited). The forecast is based on “resilient” demand from the U.S. market and …

EuRIC Textiles, a branch of the European Recycling Industries’ Confederation (EuRIC), and the non-profit Municipal Waste Europe (AISBL), report that Europe’s textile sorting and recycling industry is facing “immense pressure” due to an oversupply of used textiles and a sharp drop in demand from traditional export markets. EuRIC Textiles and …

A number of schemes and policy initiatives as part of the government’s roadmap aim to leverage and catalyse these inherent strengths to help the textile sector achieve the USD 350 billion goal by 2030. Indian Textile Sector Sees Strong Growth India’s textiles sector is set for significant expansion, with an …

In 2023, China saw its textile exports fall by 8.1% and its clothing exports by 2.9%. But the first seven months of 2024 show a return to equilibrium, with a 1.12% rise in exports of textiles, clothing and accessories. China exported goods worth $169.8 billion in these three categories over …

Readymade garment exports rise 12% in August: Apparel Export Promotion Council Chair Sudhir Sekhri said that exports are keeping growth momentum despite global headwinds, persisting Red Sea crisis and other challenges such as high logistic costs The country’s readymade garment exports (RMG) in August rose by about 12 per cent …

Bangladesh Textile millers seek immediate improvement in gas supply – The majority of textile mills are currently only operating at 30 per cent capacity, thus on Wednesday, textile millers urged the interim administration to act quickly to enhance gas and power supply to manufacturing units. Additionally, they pleaded with the …

Bangladesh Crisis: Opportunity for Indian textile industry – Bangladesh plays a significant role in the global garment industry. The growth of its ready-made garments sector enabled the country to achieve lower-middle-income status in 2015. However, the ongoing political turmoil has affected the economy. Informal workers, who account for 85% of …

Adopting eco-friendly methods such using biodegradable materials and energy-saving devices, Indian textile industry aims for a transition towards a more sustainable industry India Textile Sector Aims For $300 Bn Valuation By 2030 India textile sector, a major contributor to the Indian economy, is heading towards a greener future in light …

Cotton exports to Bangladesh hit: Industry insiders have reported that Western clothing and footwear companies have temporarily stopped placing new orders in the violence-torn nation of Bangladesh, even as production units there resume operations and employees put in extra hours to clear backlogs. Cotton exports to Bangladesh hit as Western …