Textile Market News

The Southern India Mills Association (SIMA) Chair, S K Sundararaman, urged cotton textile mills to rely solely on official cotton supply estimates published by the Office of the Textile Commissioner (OTC). These estimates are based on recommendations by the Committee on Cotton Production and Consumption (COCPC).

The textiles industry in India is celebrating a significant uptick in exports, particularly in key segments like cotton yarn, fabrics, and made-ups. According to data released by the Confederation of Indian Textile Industry (CITI), exports for February marked a robust 17 per cent growth compared to the previous year, showcasing a positive trend for the 11-month period of the current financial year.

The Australian wool market surprised many. Despite wild swings in exchange rates, prices only dipped slightly. A strong showing from carding wool and strategic buying helped the market stay afloat.

The TCO 21XL, a new high-performance comber, promises to revolutionize the textile industry by boosting productivity by 50 per cent. Real-world tests by companies like Bakan Tex in Uzbekistan confirm its exceptional performance and quality.

The TCO 21XL, a new high-performance comber, promises to revolutionize the textile industry by boosting productivity by 50 per cent. Real-world tests by companies like Bakan Tex in Uzbekistan confirm its exceptional performance and quality.

Specialty chemical company CHT and fiber manufacturer Fulgar are joining forces again to introduce eco-friendly solutions for the textile industry. At the Performance Days trade show, they'll showcase CHT's BeSo Responsible project - a suite of customizable options for efficient resource use in dyeing.

The Cotton Corporation of India (CCI) has stepped in to buy cotton from Madhya Pradesh farmers, procuring 6.35 lakh quintals to stabilize prices. This intervention addressed a decline in cotton prices across the country.

Cotton industry worldwide is facing uncertainty with stagnant demand and fierce competition from other countries. While production variability has remained low, global cotton consumption hasn't kept pace. This is a major concern for the US industry, which is already struggling against competitors like Brazil and Australia.

The textile industry is taking a big step towards a circular economy thanks to a new partnership between Roica by Asahi Kasei and Tencel by Lenzing AG. These leading companies in sustainable fibers have joined forces to create a new generation of fabrics that are both high-performing and eco-friendly.

Odisha has set its sights on becoming a major player in India's textiles industry. With an ambitious target of attracting Rs 10,000 crore in investments over the next five years, the state aims to create over 100,000 new jobs and boost its economy. The government is offering attractive incentives to investors,

India has tightened import belt on synthetic knitted fabrics to level the playing field for domestic manufacturers. The government has imposed a minimum import price (MIP) of $3.50 per kilogram on specific categories of synthetic knitted fabrics.