Tuesday , March 19 2024

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Textile Ministry probably get a marginal rise of 2.5% in Budget 2024

Textile Ministry probably get a marginal rise of 2.5% in the Budget 2024

Textile Ministry marginal rise – NEW DELHI: The textile ministry is likely to see a marginal increase of 2.5% in its budget allocation for fiscal year 2024-25, two persons aware of the matter said. The ministry had received ₹4,389 crore allocation for the current fiscal year. This increase, though modest, …

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Gujarat textile sector sees 8 per cent export slump

Gujarat textile sector sees 8 per cent export slump

Gujarat textile sector sees 8 per cent export slump: Due to enduring geopolitical crises like the Israel-Palestine conflict and the war between Russia and Ukraine, Gujarat’s once-vibrant textile industry has had a dismal performance in 2023. Government-compiled data shows an 8 per cent decline in exports from US $ 5.10 …

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SPVs for PM MITRA parks to boost Textile Sector

SPVs for PM MITRA parks to boost Textile Sector

26 December, 2023: The Government is approaching the concluding stages of establishing Special Purpose Vehicles (SPVs) for the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) parks, in an effort to elevate the textile sector. Two officials, aware of the developments, revealed that all formalities for the SPVs …

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Heimtextil returns in January with focus on textile transformation

Heimtextil returns in January with focus on textile transformation

International trade fair for home and contract textiles, Heimtextil Trends 24/25, is set to return on 9 January 2024 in Frankfurt, Germany with the theme “New Sensitivity,” which will focus on textile transformation. The organisers explain that after last year’s focus on circular solutions, Heimtextil Trends 24/25 will once again …

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Biennale Show Techtextil India 9th Edition Is Set To Stage

Techtextil India: Technical Textiles and Non wovens Expo, Mumbai

Mumbai – September 8, 2023 – Back to the show floor after two years, Techtextil India 2023 will be held from 12 – 14 September 2023 at Jio World Convention Centre, Mumbai. The three-day event will bring together 160+ industry players who will display 200+ brands and specialised products and …

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Chinese textile industry profit falls by 20.3% YoY in Jan-Jul 2023

Chinese textile industry profit falls by 20.3% YoY in Jan-Jul 2023

Chinese textile industry profit falls by 20.3% Year On Year in January – July 2023 Insights: Chinese textile industry profit falls by 20.3% The total profits of industrial enterprises in China above the designated size reached 3,943.98 billion yuan between January and July this year – down by 15.5 percent …

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Iran Textile Industry Registers 17.1% Growth in 2022

Iran's Textile Industry Registers 17.1% Growth in 2022

Iran Textile Industry Growth: TEHRAN (Tasnim) – Iran Textile Industry Registers 17.1% Growth in 2022 compared to a year earlier, the director general of the Ministry of Industry, Mine and Trade for Clothing and Textile Affairs said. Speaking to reporters on Sunday on the occasion of organizing the first edition of …

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Bangladesh close to being world top cotton apparel exporter: USDA

Bangladesh close to being world top cotton apparel exporter: USDA

Bangladesh is close to surpassing China as the world’s largest cotton apparel exporter and stronger demand prospects are expected to drive cotton consumption higher, said the US Department of Agriculture (USDA). The US agency, citing the annual fashion industry benchmarking study by the United States Fashion Industry Association (USFIA), said …

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US Imports of Textiles and Clothing is shrinking, decreased 19.98%

US Imports of Textiles and Clothing is shrinking, decreased 19.98%

The value of US imports of textiles and clothing has continued to shrink, decreasing by 19.98% to $25.874 billion in the first three months of 2023 from $32.331 billion in the corresponding period of 2022. With a 23.78% market share, China continues to be the US’s top supplier of textiles …

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Porous land border responsible for collapse of Nigeria Textile Industry

Porous land border responsible for collapse of Nigeria Textile Industry

Textile manufacturers in Nigeria have blamed porous borders for the collapse of the cotton-garment value sector of the country’s economy. Alhaji Kwajaffa, the Director-General of the Nigerian Textile Manufacturers Association (NTMA), disclosed this on Saturday in a statement reacting to the rot in the industry. Porous land border responsible for …

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