Category: Industry Update
Rieter sees significant increase in order intake in financial year 2024
The Machines & Systems Division posted sales of CHF 424.9 million, a decrease of 56 per cent compared with the previous year (2023: CHF 965.0 ... Read More
Groyyo achieves EBITDA positive milestone and sets the stage for growth in FY25
Groyyo’s strategy is anchored in exporting over 90 per cent of its output to marquee international clients, including industry giants like Next, Mango, Inditex (Zara ... Read More
Vinay Thadani: The government can levy a reasonable import tax on certain essential commodities
For FY2025-2026, industry analysts anticipate that India's textile sector will primarily focus on the domestic market, while also look to achieve strong export growth driven ... Read More
Textile mills urge special power tariff to boost home-grown industries
The association expressed concern that the proposed electricity rate hike for 2025-26 would harm industries and impact their productivity. The Madhya Pradesh Textile Mills Association ... Read More
Apparel Leads India’s Growth Story
Within the domestic market, apparel leads with a substantial share of $108 billion, followed by technical textiles at $28 billion, and home textiles at $11 ... Read More
Kailash Hakim: Surat has achieved commendable growth in exports over the past year
The Federation of Surat Trade & Textile Associations (FOSTTA) has played a pivotal role in the development of the Surat textile industry form last 40 ... Read More
Tirupur’s knitwear exports grow despite global challenges
Tirupur Exporters' Association explained that in the current financial year, political changes in the United States, its altered trade ties with China, and the unrest ... Read More