New Delhi: India’s textile industry is expected to grow to $350 billion by 2030 and add 3.5 crore jobs, textiles minister Giriraj Singh said Wednesday. At the Curtain Raiser event of ‘Bharat Tex 2025’, he said that Indian demographic dividend will aid India’s growth ahead of China. Singh urged the Indians companies to ask their…
Representative Image Ginning, blowing, carding, drawing, roving, spinning, weaving, dyeing, cutting, sewing, ironing, shipping and trucking — all the steps it took to turn some cotton bolls into your T-shirt. Those processes also contribute the most to the planet-warming impact of the clothing fiber. Growing cotton bolls itself sucks up huge amounts of water, pesticides…
Representative Image New Delhi: The Indian textile industry is set to experience developments in 2024, driven by improving demand in export markets, resilient consumer spending in key sectors, and favourable geopolitical conditions, according to the B&K Securities report. In the ready-made garments (RMG) sector, the demand offtake in export markets is anticipated to show substantial…
India is the world’s sixth largest textile and apparel exporter having an 11.4 per cent share in India’s overall exports. The government aims to achieve $600 billion of textile exports by 2047 from $44 billion in FY22. However, this one’s a bumpy road for the Modi government. Will Budget 2024 be able to push the…
LV Vaidyanathan New Delhi: Essential wear company Modenik Lifestyle has appointed former P&G India MD, L.V. Vaidyanathan as its executive chairman, it said in a press release on Tuesday. Vaidyanathan will take over from Sunil Sethi who will retire from the company on July 31. Sethi will continue to serve on the Board of Directors…
Representative image Eid-ul-Fitr is around the corner and the city’s textile market is buzzing with activity. Retail demand has been high, leaving the market in a bullish mode for the festival season ahead. The order cycles usually run around four months ahead of each season and processing houses in Ahmedabad, one of the biggest cotton…
New Delhi: Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs and Food and Public distribution and Textiles, has inaugurated the Brands of India pavilion by clothing manufacturers association of India (CMAI) at Bharat Tex 2024 on Tuesday. The Brands of India pavilion is showcasing more than 100 top Indian apparel brands in the domestic…
Surat’s textile industry prepares one lakh caps inscribed with Lord Ram’s name Surat: Amid surge of enthusiasm among the public for the inauguration of Ram Mandir in Ayodhya, the Surat textile industry has initiated the production of distinctive caps adorned with the name of Ram. Preparations are in full swing across the country, for the…
Representative image Ludhiana: Although winter is the peak time for the textile industry to make sales, the traders have reported that all their hopes have been dashed to the ground due to late arrival of the winter season. The industry which has already been facing stagnation for the last few years failed to get relief…
Handloom is a more than 2,000-year-old craft. But today the segment mostly thrives on government support in Tamil Nadu, especially the free sari-dhoti scheme as well as initiatives from state-owned Co-optex. The advent of mechanization and powerlooms had taken the focus away from handlooms towards mass production, which handlooms could not match. Globally too, the…
