Gujarat textile Industry facing demand crunch

It is a scorcher of a summer for Surat in India, the largest textile cluster in the country with demand for textiles showing no signs of revival since the festive season of Diwali last year. The situation is so grim that around 5,000 of the city’s small traders who conduct their businesses from rented premises […]

Sri Lanka apparel exports to drop by $1 billion USD in 2023

Sri Lanka’s apparel export earnings could slump by $1 billion USD this year, as slowing global demand hits the crisis-hit South Asian country. Apparel is Sri Lanka’s largest industrial export and earned $5.95 billion USD in 2022, helping the country as it weathered its worst financial crisis since independence in 1948, triggered by a record […]

Domestic demand to drive textile sector growth in FY24: CRISIL SME Tracker

The textiles industry is set for moderation in revenue growth in 2023-24 (FY24) as export demand, which usually accounts for a fourth of the total market, is expected to be limited due to a slowdown in key markets, though domestic demand will continue to grow at a steady pace. This bodes ill for small and […]

Quality control of 99 technical textile products in works

India recently announced the first set of standards for technical textiles industry, in a move to ensure their standards and quality. The textiles ministry announced the launch of two Quality Control Orders (QCOs) for 31 items consisting of 19 Geo Textiles and 12 Protective Textiles including protective clothing for fire-fighters and welders in the first […]

Mega textile parks to be set up in seven states

‘PM MITRA mega textile parks’ will be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh, and asserted that they will attract massive investments and create lakhs of jobs. The PM MITRA mega textile parks will provide state-of-the-art infrastructure for the textiles sector, attract investment of crores and create lakhs […]

Government’s infrastructure push and its impact on the textile industry

With the Central Government focusing strategically on the Infrastructure sector, the Indian economy is at the cusp of growth. This will have a better impact and will play a significant role in the advancement of the country. India’s Union Budget 2023-24 had a significant focus on improving the overall infrastructure ecosystem, be it the creation […]

Budget 2023 | Budget will trigger growth, say textile bodies

Major textile bodies in the region on Wednesday welcomed the Union Budget by terming it as one aiming at strong and stable economic growth. The budget mentions the seven priorities “Saptarishi” that would trigger the economic growth. The priority for infrastructure development would reduce logistics cost. The thrust on inclusive growth and skill development would […]

Near 50% jump in imports threatens Indian Textile story

Textile and garment imports by India, traditionally a major exporter, jumped as much as 48.8% until November this fiscal from a year ago to $7.2 billion, while the outbound shipment of such products shrank 13.4% to $23.1 billion. Such imports are likely to go well past $10 billion in the current fiscal to hit a […]

UNESCO launches list documenting 50 iconic Indian heritage textiles

India’s textile traditions have a significant social and cultural footprint on communities, many of which even have their identities tied up with the textiles they weave. Each region in the country has its own textile tradition which is unique. This living legacy has been passed down through generations, and includes the vocabulary and knowledge used […]

Textiles sector offers 45 million jobs, 117,678 MUDRA loans sanctioned

The contribution of textile industry in GDP in terms of percentage share of industrial output was around 7% during the last three years, creating estimatedly 45 million direct employment. The Union Minister of State for Textiles Darshana Jardosh informed the Lok Sabha in a written reply. She also informed about the achievements of SAMARTH scheme, […]