by TEXTILE VALUE CHAIN | May 6, 2024 | Finance & Economy, News & Insights
In an effort to enhance the competitiveness of exports amidst increasing geopolitical pressures, the government has initiated a thorough examination of the export credit landscape. The commerce and industry ministry has taken proactive steps by gathering insights into...
by DIGITAL MEDIA EXECUTIVE | Jun 6, 2023 | News & Insights
V-Zug Group, a Swiss manufacturer of high-end large home appliances, has announced that it would utilise Ascend Performance Materials’ Starflam® RX06082 polymer for the moulding of a huge oven part. Ascend Performance Materials is a fully integrated producer of...
by DIGITAL MEDIA EXECUTIVE | Jun 6, 2023 | Business & Policy
According to the latest Manufacturing ISM® Report On Business® from the nation’s supply executives, the manufacturing sector’s economic activity shrank in May for the seventh consecutive month after 28 months of gain. Timothy R. Fiore, CPSM, C.P.M., Chair...
by DIGITAL MEDIA EXECUTIVE | Jun 3, 2023 | Textile Technology
V-Zug Group, a Swiss manufacturer of high-end large home appliances, has announced that it would utilise Ascend Performance Materials’ Starflam® RX06082 polymer for the moulding of a huge oven part. Ascend Performance Materials is a fully integrated producer of...
by DIGITAL MEDIA EXECUTIVE | May 26, 2023 | Finance & Economy
Page Industries Ltd’s shares are trading 24% below 52-week highs seen in October. The company is facing two problems. One, demand is not picking up enough and two, implementation of auto replenishment system is taking longer. In this backdrop, March quarter results...
by DIGITAL MEDIA EXECUTIVE | May 25, 2023 | Import/Export
The country’s exports are being impacted by external headwinds. For the third consecutive month, exports of goods have decreased; the official statistics for April shows a decrease of 12.7%. The decline reflects worldwide recessionary patterns and general...
by DIGITAL MEDIA EXECUTIVE | May 25, 2023 | Fibres and Yarns
Due to declining demand, cotton yarn prices in north India keep declining. Cotton’s value chain has also been pushed down by cheaper polyester fibre and its raw components. Cotton yarn costs in the Ludhiana market dropped by five rupees per kilogramme, showing a...
by DIGITAL MEDIA EXECUTIVE | May 24, 2023 | Textile Technology
The continuing development of James Heal textile testing equipment is a result of the increased demand for more sophisticated protective clothing worldwide, particularly for the military and emergency services sectors. To make sure the fabric characteristics in...
by DIGITAL MEDIA EXECUTIVE | May 23, 2023 | cotton industry, COTTON PRICE
Due to increased pressure from spinning mills and stockists due to the weaker demand, cotton yarn prices in north India fell by up to Rs. 5 per kilogramme. Market participants were still unsure of which markets to purchase from for home and export purposes. In the...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | Textile Industry
According to those with knowledge of the situation, the Gujarati city of Surat’s textile sector is experiencing a financial crisis that has led to a 30- 40% decline in production. Many factory owners have also cut back on work hours to four or five days per...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | Import/Export
In April, India’s exports of products dropped by 12.7% to $34.66 billion, marking the largest decline in three years. Major repercussions for India’s growth story and, consequently, employment creation, result from this ongoing fall. Mint shows how...
by DIGITAL MEDIA EXECUTIVE | May 18, 2023 | Import/Export
According to official figures, India’s goods exports decreased 12.7% year over year to $34.66 billion in the first month of FY24 due to weak demand and a global economic downturn. In April, the trade imbalance reached a 20-month low of $15.2 billion, down from...