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India and Bangladesh launched a rupee-based trade settlement mechanism in June 2023 with the ambitious goal of reducing their dependence on the US dollar for bilateral trade. However, the initiative has seen a slow start, with a mere $0.46 million transacted in nearly seven months.
Despite facing criticism and boycotts from the US and its allies since 2020, the Xinjiang cotton industry has exhibited continued growth and rising competitiveness, according to Liang Yong, a prominent figure in Chinese politics and industry.
In a move welcomed by the textile industry, the Directorate General of Foreign Trade (DGFT) has granted an exemption from Quality Control Orders (QCOs) for viscose staple fiber (VSF) imports under the advance authorization scheme.
A pioneering collaboration between Brain Biotech and AM Silk has yielded a significant step towards sustainable textiles.
The Trutzschler Group is gearing up to showcase its latest advancements in fiber-based nonwovens and sustainable textile solutions at Techtextil 2024, taking place from April 23rd to 26th in Frankfurt, Germany.
The Southern India Mills' Association (SIMA) Chairman S K Sundararaman welcomed the government’ decision of exempting Viscose Staple Fibre (VSF) imports under the Advance Authorization Scheme from the Quality Control Order (QCO).
The USDA's latest cotton report is a mixed bag. For the US, cotton production and ending stocks are forecast lower due to reduced yields.
The textile auxiliaries market is undergoing a dramatic shift, driven by the growing demand for functional textiles and a heightened focus on sustainability.
The Yarn Expo held in Shanghai from March 6- 8, saw unprecedented response despite its slightly earlier scheduling. Companies such as Shanghai DiW, Wuxi Yimian Textile, and Sateri dominated, attracting numerous potential customers.
The Indian government has announced a significant expansion of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, a popular export promotion program.
Lenzing Group, a leading producer of wood-based specialty fibers, made a splash at the recent Bharat Tex 2024 exhibition in New Delhi.
Archroma, a leader in sustainable chemicals, launched Albafix Eco Plus, a new fixing agent for textiles.
The Bremen Cotton Exchange and Fibre Institute Bremen are hosting their 37th International Cotton Conference from March 20-22, bringing together industry experts from across the globe.
Researchers at Lund University in Sweden have pioneered a method to transform worn-out cotton sheets into new viscose textiles, offering a sustainable alternative to conventional methods that rely on forest biomass.
In a bid to boost Surat's textile industry, the Federation of Gujarat Weaver's Welfare Association (FOGWWA) presented a wishlist to NITI Ayog's Anna Roy.
Soaring cotton prices are crippling India's textile industry. The cost of cotton has jumped from Rs 58,000-59,000 per candy in early February to Rs 62,000 currently, causing yarn prices to rise significantly.
Brazilian cotton prices fluctuated in late February, ranging from BRL 4.20 to 4.3 per pound (around $0.85-0.87).
TAF made waves at Spinexpo 2024, showcasing their commitment to sustainable textile innovation.
The latest edition of ICAC’s ‘Cotton: Review of the World Situation’ focuses on a critical topic: traceability legislation.
The Punjab Dryers Association (PDA), a prominent textile industry body, has urged the Indian government to take immediate steps to curb the import of allegedly undervalued fabrics from China.
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