Tag Archives: India Latest Union Budget News

Chinese imports disrupting Indian textile: Many countries around the world are dependent on cheap Chinese imports. If we see closely, we can observe that the industries of the countries like Pakistan, Sri Lanka, Uzbekistan and certain African nations which are dependent on imports from China slowly started to degrade with …

Latest insights published by Fact.MR on the textile dyes market forecasts a valuation exceeding US$ 8 billion by 2031. Rapidly evolving fashion trends are stimulating demand for trendy apparel, prompting manufacturers to include new color combinations and designs, pivoting sales, and are expected to push market expansion at a CAGR …

Surat textile industry sees spurt in demand for caps, flags ahead assembly polls… The assembly elections in Gujarat and Himachal Pradesh have turned into money-spinners for weavers in the country’s largest man-made fabric hub of Surat. Surat Textile Industry sees spurt in demand Alpesh Gondaliya, a power loom weaver at …

Textile Market Higher Growth During 2022-2032: As per the latest market analysis by Fact.MR, market research and competitive intelligence provider, the global sales of textiles to surpass US$ 1,440 Bn by registering a CAGR of 3.77% in the forecast period 2022-2032. Penetration of E-commerce websites is playing a crucial role …

Garment Export face potential loss: Garment exporters are staring at a potential loss of Rs 1,200 crore due to the new conditions imposed in the Rebate of State and Central Taxes and Levies (RoSCTL) scheme. The scheme offers rebate against the taxes and levies already paid by exporters on the …

First Edition of GTE Kolkata to Take Place on 4-6 November 2022 After successfully organizing Delhi, Ahmedabad, Jaipur and Bengaluru editions of GTE show, Garment Technology Expo (GTE), has now launched their Kolkata edition as well. GTE Kolkata 2022 edition, along with Leather and Footwear Technology show will be held …

IIT-D startup develops medical textile that destroys almost 100% bacteria, virus in 30 mins Manufacturing the fabric requires “passing the raw cotton fabric through a set of proprietary chemical formulations while using the standard textile processing machinery”, which are commonly available in the Indian textile industry. IIT-D develops textile that …

Suspension of manufacturing activities due to COVID-19 lockdown has brought financial crisis to textile hubs in Uttar Pradesh With both the textile hubs of Kanpur and Noida reporting decline in credit (loan), the textile industry has been the worst hit in Uttar Pradesh, suggests the SIDBI-CRIF report on Indian Textiles …

This has resulted in units closing down, with traders and exporters worried about completion of their export orders on time. Covid Hits Tirupur Industry – Chennai: The sharp spike in cases in Tirupur has wreaked havoc for the textile industry. With no drop in cases, the administration has imposed a …

The textile industry in India has beaten its Chinese counterpart in its own game. India’s textile industry has developed the fabric of Mink blankets, which were 100% imported from China till last year. Now, some units have started producing Mink blankets on a massive scale near Panipat in Haryana, bringing …