-
THE AGGREGATE CREDIT IN INDIA’S TEXTILES AND APPAREL SECTOR FELL
Aggregate credit availed by Indian textiles and apparels industry as of December 2020 stood at $1.62 trillion. This is a year-on-year decline of nearly 20%, showed a report by credit bureau Crif High Mark and the Small Industries Development Bank of India (Sidbi) This, the report said, was bec...Read more -
TEXTILE FACTORIES LOOK FOR AUTHORIZATION TO WORK
The South India Spinners Association has spoken to the State government to allow the textile plants to work from Monday. In a notice to the State government, the affiliation said the State implemented total lockdown since May 10. It has made an enormous number of oxygen beds and coordinating imm...Read more -
WOOL PRICES ARE RISING DUE TO RENEWED DEMAND FROM INDIA & EUROPE
This week’s Australian auctions saw higher Merino and crossbred wool prices thanks to increased interest from Indian and European buyers, as well as stable Chinese demand. The Australian Wool Exchange reported that the market rose for the third week in a row, with the AWEX Eastern Market Indicat...Read more -
EUROPEAN COMMISSION WORKING TOWARDS MORE SUSTAINABLE & COMPETITIVE FUTURE FOR THE TEXTILE INDUSTRY
The European Commission (EU) has been effortlessly working towards adapting the textile strategy that will aim the industry to be more competitive and sustainable. EURATEX is the voice of the European apparel and textile industry that has been working for the last five years on developing a stra...Read more -
FACTORY OWNERS GRAPPLE WITH SHORTAGE OF RAW MATERIAL, LABOURERS
As the Covid lockdown restrictions were eased in Delhi, factory owners on Monday opened their establishments after six weeks with many grappling with shortage of labourers and raw materials, and fearing losses due to slump in production. After a strict lockdown for six weeks since April 19, the ...Read more -
COTTON UP AFTER CAI REVISED INDIAN COTTON EXPORT ESTIMATES HIGHER FOR 2020-21
Cotton yesterday settled up by 1.23% at 23070 after CAI has revised higher Indian cotton export estimates for 2020-21 season at 65 lakh bales against 60 lakh bales projected till last month. Cotton production in Haryana is expected to decline by 27 percent to 1.8 million bales in the 2020-21 (Ju...Read more -
TEXTILE STAPLE MARKET ANTICIPATES OBSERVING A HUGE DEVELOPMENT
As per Global market insights, the Textile staple market needs to observe a critical development because of developing application in attire, inside ground surface, upholstery, filtration, clinical, and development industry. An expanding request of these materials for unique applications that in...Read more -
Agility is the Way Forward for the Textile Industry
By Seshadri Ramkumar, Professor, Texas Tech University Being nimble and technology adoption are timely needs for the global textile industry. Today, as a mark of celebrating the 33rd foundation day of the North India Section of The Textile Institute (UK), industry stakeholders joined via ...Read more -
Tanzanian govt to support development of textile & garment industries
Tanzanian government will mobilise the development of the textile and garment industries as it works towards improving the ease of doing business in the country. The ministry of industry and trade is in the process of consulting stakeholders from various industries to review 22 laws and implemen...Read more -
Textile Companies Are Facing Declining Profits
Recorded material and article of clothing producers are yet experiencing falling benefits, affected by lower deals of attire in the business sectors abroad during the progressing Covid pandemic. Nonetheless, this situation of the area has one special case: spinners. Yarn creators recorded at Dha...Read more -
NEW EWM PROPRIETORS ‘TO PURCHASE SCRAPED CLOTHING’
The new proprietors of Edinburgh Woolen Mill (EWM) have purportedly consented to purchase a stock that is as yet sitting in industrial facilities in Bangladesh after the retailer stopped requests during the principal wave of the Covid pandemic a year ago. The organization has been in question wi...Read more -
EXPORT-LED ECONOMIC GROWTH IS ONLY SOLUTION
All Pakistan Textile Mills Association (APTMA) has underscored the need for a long-term textile policy, continuation of Regionally Competitive energy Tariffs (RCETs) and supply of gas/RLNG for increased investment and enhancement of production and export capacity. The APTMA suggestions for the g...Read more