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From Local To Global: How Textile Manufacturers Can Break Into Western MarketsWith increased penetration of technology, global trade barriers are diminishing and continuing to provide textile manufacturers from traditional hubs like India, Bangladesh, Vietnam, Turkey and parts of Africa the opportunity to transcend beyond domestic borders. On the other hand, the western markets such as North America, Western Europe and parts of Oceania represent a lucrative destination,...0 Commentarii 0 Distribuiri 295 Views 0 previzualizare
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Over Rs700 crore infra work to begin at PM Mitra Park in DharIndore: Infrastructure work amounting to more than Rs 700 crore will be carried out at PM Mega Integrated Textile and Apparel Park (PM MITRA) in Dhar, one of the seven textile parks being set up in the country under the Centre's scheme to promote textile manufacturing in the country. The first phase of the PM MITRA Park will be developed on 2,158 acre of land in Dhar district at a cost of over...0 Commentarii 0 Distribuiri 149 Views 0 previzualizare
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Union Textiles Ministry approves ₹1,894 crore PM Mitra Park development in TNThe park in 1,052 acres is located at Virudhunagar to attract technical textiles processing and integrated units In a major boost to the textile industry in Tamil Nadu, the Union Ministry of Textiles has approved ₹1,894 crore development plan for PM Mitra Park in the State. The 1,052-acre integrated Mega Textile Park coming up in Virudhunagar with facilities to attract technical textiles -...0 Commentarii 0 Distribuiri 195 Views 0 previzualizare
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India eyes $100 billion textile exports by 2030, boosted by global FTAsFree trade agreements (FTAs) with the US, UK and European Union (EU) will open new opportunities for the textiles sector in India, Minister of State for Textiles Pabitra Margherita said recently. He also said the country’s textiles exports have crossed $34 bn, and it is aiming to reach $100 bn by 2030. “On the trade front, the India-UK Free Trade Agreement and our ongoing...0 Commentarii 0 Distribuiri 487 Views 0 previzualizare
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Tiruppur Knitwear Exports Surge 20% To Rs 40,000 Cr In FY25Tiruppur’s knitwear export sector recorded robust growth in FY 2024-25, clocking exports worth Rs 40,000 crore, a 20% increase over the Rs 33,400 crore achieved in FY 2023-24. The performance surpassed the projected 10% growth, with the industry now targeting a 15% rise in the current fiscal year. KM Subramanian, President of Tiruppur Exporters’ Association (TEA), attributed the...0 Commentarii 0 Distribuiri 206 Views 0 previzualizare
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India’s Textile Sector Urges Fairer ASEAN Trade Terms: Exim BankIndia’s textile industry is calling for a review of the ASEAN-India Trade in Goods Agreement (AITIGA), citing trade imbalances and limited market access as key concerns, according to a recent report by India Exim Bank. While India has taken a cautious stance on free trade agreements, its commerce with major ASEAN economies like Indonesia, Thailand, and Malaysia has grown significantly....0 Commentarii 0 Distribuiri 473 Views 0 previzualizare
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Mango Launches Teen Line With Recycled Fibres, Invests In The Post FiberMango has become the first major fashion brand to invest in The Post Fiber, a start-up focused on recycling post-consumer textile waste into new fibres. The move, made through Mango StartUp Studio, reinforces Mango’s commitment to circular fashion and sustainable innovation. As part of the collaboration, Mango has launched a limited-edition Mango Teen capsule collection using...0 Commentarii 0 Distribuiri 407 Views 0 previzualizare
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Responsive Policymaking for Trade PushIndia’s textile industry finds itself at a defining juncture, shaped by a mix of strategic trade measures, evolving international alliances, and pressing domestic policy concerns. The government’s recent decision to limit textile imports from Bangladesh to only two seaports—Kolkata and Nhava Sheva—has created a ripple effect in the garment...0 Commentarii 0 Distribuiri 257 Views 0 previzualizare
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India-US Trade Pact: What’s At Stake For Textile GiantsAll eyes are on a high-stakes trade deal between India and the United States that involves thousands of crores in textile exports, with far-reaching implications in the labour industry. At the centre of the negotiations is a 26% tariff that Indian textile firms currently face while exporting to the US, a market that makes up 28% of India’s textile exports. If India manages to bring this...0 Commentarii 0 Distribuiri 442 Views 0 previzualizare
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