News

  • The Turkish Textile  Hopes To Export 11 Billion Dollars By 2021

    The Turkish Textile Hopes To Export 11 Billion Dollars By 2021

    The Turkish textile sector intends to increase exports by roughly one billion dollars by 2021. Ahmet ksüz, Chairman of the Board of the THB (Istanbul Textile and Raw Materials Exporters’ Association), assessed the textile sector in 2020. The sector’s primary agenda items were sustainability and c...
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  • BOOST FOR CLOTHING FIRMS FOCUSED ON THE LOCAL MARKET – SRI LANKA

    BOOST FOR CLOTHING FIRMS FOCUSED ON THE LOCAL MARKET – SRI LANKA

    The government has chosen to source clothes for state institutions from local garment firms. This week, the Cabinet of Ministers accepted the Minister of Industry’s proposal, as suggested by the State Minister of Batik, Handloom, and Local Clothing Products, to acquire batik, handloom, and local...
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  • COTTON EXPORTS, PRODUCTION & CONSUMPTION TO RISE

    COTTON EXPORTS, PRODUCTION & CONSUMPTION TO RISE

    India’s cotton exports, production as well as domestic consumption are expected to see an upward trend in the coming months. The country is likely to produce 29.50 million 480 lb bales of cotton and export 6 million 480 lb bales in marketing year (MY) 2021-22. Total domestic consumption of India...
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  • CIRCULAR KNITTING MACHINE SHIPMENTS DEVIATE FROM THE TREND IN 2020

    CIRCULAR KNITTING MACHINE SHIPMENTS DEVIATE FROM THE TREND IN 2020

    The International Textile Manufacturers Federation (ITMF) has released the 43rd edition of its International Textile Machinery Shipment Statistics for 2020. The report focuses on six types of textile machinery: spinning, draw-texturing, weaving, large circular knitting, flat knitting, and finish...
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  • Worldwide Shipments of New Textile Machinery Decreased in 2020

    Worldwide Shipments of New Textile Machinery Decreased in 2020

    In 2020, global shipments of spinning, texturing, weaving, knitting, and finishing machines decreased on average compared to 2019. Deliveries of new short-staple spindles, open-end rotors, and long-staple spindles dropped by -48%, -27%, and -46%, respectively. The number of shipped draw-texturing...
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  • THE AGGREGATE CREDIT IN INDIA’S TEXTILES AND APPAREL SECTOR FELL

    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...
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  • TEXTILE FACTORIES LOOK FOR AUTHORIZATION TO WORK

    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...
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  • WOOL PRICES ARE RISING DUE TO RENEWED DEMAND FROM INDIA & EUROPE

    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...
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  • EUROPEAN COMMISSION WORKING TOWARDS MORE SUSTAINABLE & COMPETITIVE FUTURE FOR THE TEXTILE INDUSTRY

    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...
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  • FACTORY OWNERS GRAPPLE WITH SHORTAGE OF RAW MATERIAL, LABOURERS

    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 ...
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  • COTTON UP AFTER CAI REVISED INDIAN COTTON EXPORT ESTIMATES HIGHER FOR 2020-21

    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...
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  • TEXTILE STAPLE MARKET ANTICIPATES OBSERVING A HUGE DEVELOPMENT

    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...
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