Textile Market News

India’s textile sector is reeling under the pressure of skyrocketing cotton and synthetic fibre prices, which are significantly higher than global rates.

China's spandex industry is grappling with a severe supply glut. Despite robust production capacity expansion and double-digit growth since 2021, demand has fluctuated wildly.

President Shavkat Mirziyoyev has issued a decree to reform Uzbekistan's cotton industry, targeting inefficiencies in cotton-textile clusters.

The Madhya Pradesh government has joined hands with key textile industry players to transform the state's economy.

Pakistan's cotton production has gone down by nearly half this season, a devastating blow to the economy.

The Indian government is intensifying efforts to bolster the country’s textile and handicraft sectors.

French companies Carbios and Nouvelles Fibres Textiles have announced a partnership to recycle polyester textiles.

Indian textile firm Trident reported a 21 per cent decline in its first-quarter profit as soaring cotton prices eroded margins.

Welspun Living announced robust financial performance for the first quarter of FY25, defying global economic challenges.

India's textile sector is set for substantial growth with a 28 per cent budget increase for fiscal year 2024-25.

Uzbekistan is set to host the 82nd Plenary Meeting of the International Cotton Advisory Committee (ICAC) from September 30th to October 3rd, 2024.

The cotton industry in China and India is projected to reach $21.23 billion by 2030, at a growth rate of 3.8 per cent.

Pakistan's textile industry is on the verge of collapse due to high production costs, according to the Pakistan Yarn Merchants Association (PYMA).

China's polyester filament yarn (PFY) prices dropped for the first time in two months due to a combination of factors.

The Better Cotton Council (BCC), the world's largest sustainable cotton initiative, has appointed new leaders.

The domestic cotton spinning sector is poised for a comeback in the financial year 2025, with an expected growth rate of 6-8 per cent, says a recent report by ICRA.

Ludhiana's Rajya Sabha MP, Sanjeev Arora, expressed strong discontent over the latest Budget. He highlighted the government's neglect of the textile industry, emphasizing that the sector's expectations for duty reductions on imported raw cotton and polyester fiber were ignored. This decision has left the textile industry, already facing significant challenges, disheartened and concerned about future growth and employment.