In the recent past, the inclination of people towards sports is increasing; thus driving demand for sportswear. According to Dr J Anandha kumar, sportswear trend has been successful in transcending beyond the millennials and the younger generation to become a timeless trend that is here to stay.

The Government of India has notified the Rs 106.83 billion Production Linked Incentive (PLI) scheme for textiles that covers 10 technical textile products, 14 manmade fibre (MMF) products and 40 MMF apparel.

The textile and clothing industry has sought a uniform 5% Goods and Services Tax (GST) across the textile value chain.

The U.S. Cotton Trust Protocol has announced the membership of PVH Corp, one of the largest global apparel companies. This membership will help PVH achieve its commitment to sustainably source 100% of its cotton by 2025.

Fluid Ventures, the direct-to-consumer (D2C) focused venture capital fund, has announced its debut investment in Fabriclore from its Rs 80 crore fund. Fabriclore is a Jaipur-based leading digital retailer of fabrics that offers one of the widest ranges of fabrics, producing one of the largest and versatile fabric catalogs on a digital platform.

With a vision to be a fully integrated and globally competitive textile manufacturer, SVP Global Ventures Ltd, India’s largest compact cotton yarn manufacturer, is foraying into technical textiles.

Zalando, Europe’s leading online platform for fashion and lifestyle, invested in the circular fashion and textile technology group Infinited Fiber Company (IFC).

Texel Industries Ltd, which has more than three decades of experience in the technical textiles, expects to start commercial operations of its 10,080 MT facility for geosynthetics products at Kheda, Gujarat, very soon.

Grasim Industries Limited, a flagship company of the global conglomerate Aditya Birla Group, is building an Aditya Birla Public School at Pallipalayam – a central weaving and spinning hub near Erode, Tamil Nadu.