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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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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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Karur textile industry seeks relief over raw material price surgeThe Karur Textile Manufacturers and Exporters Association (KTMEA) has urged both the Union and Tamil Nadu governments to intervene and support the textile industry, which is facing mounting pressure due to rising raw material costs and disruptions caused by the ongoing conflict in West Asia. A resolution passed during the association’s meeting held last week said the industry was...0 Commentarii 0 Distribuiri 152 Views 0 previzualizare
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Mango joins TextileGenesis pioneering traceability solution, a Lectra company, for a transparent value chainMango, one of the leading international fashion groups, has joined TextileGenesis, the pioneering traceability solution for the fashion and textile industries, to trace their natural and animal fibers, synthetics, man-made cellulosic fibers and leather. TextileGenesis, a Lectra company, offers a complete and secure cutting-edge technology with its six-dimensional (6D) offering and unique...0 Commentarii 0 Distribuiri 273 Views 0 previzualizare
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Odisha plans AI-enabled handloom hubs and textile parks in 3 districtsThe Odisha Government is mulling over a series of ambitious projects for establishment of AI and block-chain-enabled handloom hubs and apparel parks in Cuttack, Bargarh and Jajpur districts. The proposals were discussed at a high-level meeting chaired by Works Department Principal Secretary Sanjay Kumar Singh. Senior officials from the Handlooms, Textiles and Handicrafts, Tourism and Works...0 Commentarii 0 Distribuiri 78 Views 0 previzualizare
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SGCCI seeks Govt. support to shield textile MSMEs from US TariffsThe Southern Gujarat Chamber of Commerce and Industry (SGCCI) and the textile task force advisor SP Verma attended the meeting of the Parliamentary Industry Committee held at the Parliamentary Annexe Building of the Parliament House, New Delhi and presented in detail various key issues in the interest of the textile sector. SGCCI Vice-President, Ashok Jirawala and S.P. Verma presented before...0 Commentarii 0 Distribuiri 280 Views 0 previzualizare
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Weaving a new chapter for Indian textiles with CETAIndia’s textile and garment industry has received a major boost after the Comprehensive Economic and Trade Agreement (CETA) with the UK. Here’s my take on why this pact matters and what we must do next to capitalise on this. Back in the early 90s when India was opening up, annual trade with the UK barely registered. Fast forward to the present, it stands at $1782 million a year....0 Commentarii 0 Distribuiri 337 Views 0 previzualizare
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