by DIGITAL MEDIA EXECUTIVE | May 24, 2023 | Apparel, Fashion & Retail
According to three government officials aware of the initiative, the Union Textiles Ministry is finalising the measurements and standards for clothing and footwear that would better fit Indians. Currently, both foreign and domestic brands with stores in India utilise...
by DIGITAL MEDIA EXECUTIVE | May 23, 2023 | Garment
The data seemed gleaming at first glance: Tirupur, a centre for the knitwear industry, is expected to have exported more garments in 2022–2023 than it did the year before, by an estimated 825 crore. After three years of declining garment exports due to Covid, there...
by DIGITAL MEDIA EXECUTIVE | May 22, 2023 | cotton industry, COTTON PRICE
The forecast for cotton production in India for the current season 2022–2023 has been lowered once further by the Cotton Association of India (CAI) to 298.35 lakh bales weighing 170 kg apiece. Last month, companies representing the weaving sector criticised CAI for...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | Import/Export
Even as it observes a downturn in demand for textiles, jewellery, technical items, and chemicals from the US and the EU, the Indian industry is optimistic about exports in FY24. In FY24, exporters anticipate growth of 11–13%. Exporters of cotton-based textiles and...
by DIGITAL MEDIA EXECUTIVE | May 9, 2023 | Garment
Analysts warned of short-term profitability risks for Aditya Birla Fashion and Retail (ABFRL) with its most recent purchase, and the street rejected the agreement between ABFRL and TCNS Clothing. Shares of the Aditya Birla group company fell 6.2% on the stock exchange...
by DIGITAL MEDIA EXECUTIVE | May 8, 2023 | Fashion
According to a senior corporate official, Aditya Birla Fashion & Retail (ABFRL) will seek between 700 and 800 crores in debt to aid in financing the purchase of TCNS Clothing. “For funding, we’ll need to raise between 700 and 800 crore through the...
by DIGITAL MEDIA EXECUTIVE | May 8, 2023 | Event Update, Technical Textiles & Non-Wovens
The largest international exhibition for textile and apparel technologies is scheduled to take place there: The renowned ITMA exhibition gathers a large international audience to showcase the most recent advancements along the whole textile industry value chain. The...
by DIGITAL MEDIA EXECUTIVE | May 6, 2023 | Fibres and Yarns, Yarn Price
According to G. Arulmozhi, president of the Open end Spinning Mills’ Association, at least 250 new machines have been introduced to open end spinning mills in Tamil Nadu in the last year. With the addition of additional machines, production capacity has...
by DIGITAL MEDIA EXECUTIVE | May 5, 2023 | Garment
High Pile fabric (without adhesive) for apparel, upholstery, and industrial application is produced by Pailung’s most recent fabric technology using knitting rather than bonding, which is recyclable and inexpensive. Leading manufacturer of circular knitting...
by DIGITAL MEDIA EXECUTIVE | May 3, 2023 | Fabrics & Processing
In the first quarter of 2023, general commerce between Cambodia and Indonesia surged by 43.2% to $304 million. In terms of textile trade, Cambodia exports fabric and apparel to Indonesia on a net basis. In prior years, the exports constantly increased. 2022 saw...
by DIGITAL MEDIA EXECUTIVE | Apr 27, 2023 | cotton industry
In Bhilwara in the Indian state of Rajasthan, BSL Limited, a venerable name in the textile and apparel sectors, has opened its first cotton spinning facility. The company’s revenue is anticipated to increase by $250 crore as a result of this expansion in the...
by DIGITAL MEDIA EXECUTIVE | Apr 24, 2023 | Textile Articles
More than half of India’s knitwear exports come from the Tirupur cluster, Asia’s largest textile export centre, and have been impacted by the downturn in its important markets including the US and the European Union (EU). Industry sources reported that the...
