Invest India posted on X, "PM Modi's bold '#fibretofashion' vision is guiding the #textileindustry to become a driving force in the global market while bringing competence & technology to local players."
New Delhi [India], July 3: Anticipating a boost in the manufacturing sector, signing of the FTAs, the recent growth in the textile exports, bundled with the Indian government's focus on making India a 'global manufacturing hub' has set up encouraging prospects for the stakeholders of the Ind
The textile industry is seeing signs of recovery, with global retailers and brands reporting that their inventory levels have returned to pre-COVID standards, a recent report of Avendus Spark observed.
Despite unfavourable economic conditions in major markets such as the European Union (EU), the US, and West Asian nations, Indian textile exports grew by 9.59 per cent compared to the previous year in May 2024, the Confederation of Indian Textile Industry (CITI) said in a report.
Prime Minister Narendra Modi, who is scheduled to inaugurate Bharat Tex 2024 at 10:30 AM at Bharat Mandapam, New Delhi, said that the event will showcase India's vibrant textile heritage and innovation.
New Delhi [India], February 23: After celebrating an unprecedented success in the MENA region, CMAI showcases the 'Brands of India', its international platform to promote Indian apparel brands in the overseas market, at the prestigious BharatTex 2024 by the Consortium of Textile Export Promo
While addressing the gathering after a mega road show in Navsari district, PM Modi said, "The PM MITRA Park is the first such park in the country for the textile sector which will boost the textile industry and will contribute to increasing India's share in textile exports."
New Delhi [India], December 28: Vatsal Gaudani, founder of Vatsal Exports LLP started building the organisation with the aim of positioning it as one of the country's top exporters of textiles. And now in the industry, one name that is rapidly making a mark for itself is Vatsal Gaudani. With
Pakistan’s exports of textiles and clothing have contracted by 14.63 per cent year-on-year to USD 16.50 billion during the outgoing FY23 due to higher production costs, liquidity constraints and lower global demand, Dawn reported.
Pakistan's ongoing power crisis just added to the problem. Frequent and longer outages and higher energy costs have driven many out of business. This has rendered losses of USD 70 billion to the textile industry alone, reported Asian Lite International.
A slowdown in 2023 in advanced economies, especially the US and the eurozone, is expected to make India's footwear and leather products export trade vulnerable, said Crisil Ratings.