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Related Keywords: Adidas, import, India, PET bottles, plastic, polyester, Polygenta, sportswear, upcycling

Global sportswear giant Adidas aims at eliminating the use of virgin plastics in its products by 2024 — with a little help from a Maharashtra-based firm — the only one of its kind in the country to produce yarn out of discarded PET bottles.

At its first factory set up in Nashik five years ago, Polygenta Technology Limited deploys an unique technology to break down used PET (short for Polyethylene Terephthalate) bottles and convert them into polyester filament yarn.

Related Keywords: apparel, cotton, exports, fabric, fashion, fiber, Garments, import, India, Industry, revenue, Textile, yarn

India, which is emerging as a global textile hub with huge potential, needs to develop man-made fibre to remain competitive in the global market and it aims to be a $350 billion industry by 2025, industry officials June 6 said.

"It is high time that the industry changes its approach to move into the second growth phase and aim for exports of around $100 billion from the current $40 billion," Textiles Secretary Ajit B Chavan said at the CII Texexcel 2019, the National Textiles 4.0 Summit here.

Related Keywords: apparel, China, clothing, export, import, manufacturing, production, tariff, trade, United States, war

By now you may have heard that increasing tariffs on imports from China may impact the cost of everything from sneakers to patio furniture by up to 25%.

But in many categories, it’s still unclear how that increased cost could impact the end consumer: that’s you, who’s trying to buy a shoe or a lawn chair.

Direct-to-consumer apparel company Everlane showed the New York Times how much prices for its popular products could change once new tariffs are included in production costs.

Related Keywords: Bangladesh, decline, export, Garments, import, India, Industry, manufacturing, Textile, Vietnam

The new government would have to rethink its policy on turning around India’s second-largest job provider, as the textile sector continues to gasp for growth. Three years after key regulatory and labour changes were put in place, India’s textile and apparel exports have declined from $38.60 billion in 2014 to $37.12 billion in 2018 while imports have increased from $5.85 billion to $ 7.31.

Related Keywords: export, import, Infant, knotex, manufacturing, Textiles

KITEX, the global leader in the manufacturing and export of Infant Garments has crossed the magical figure of 1000 crore in total revenue. In the financial year of 2018-19, Kitex registered a total revenue of 1005 crore which comprise of Rs 630 crore by the listed entity KITEX Garments Limited and Rs 375 crore by KITEX Childrens Wear Limited. KITEX garments limited's standalone total revenue has reported a growth of 12.38 % in the fiscal.

For the year ended March 31, 2019:

- Total Revenue stood at Rs. 629.26 crore, y-o-y growth of 12.38%

Related Keywords: CAPMAS, cotton, Egypt, export, fibre, hike, import, kantar, Textile

Egyptian cotton exports reached 579,300 metric Kantar during the second quarter (Q2) of the agricultural season 2018/19 that starts from December 2018 and ends in February 2019, up from 379,700 metric Kantar during the same period of the previous season, an increase of 52.6%, according to Central Agency for Public Mobilization and Statistics (CAPMAS).

The CAPMAS explained in its 2019 quarterly bulletin of cotton that this increase is due to an increase in cotton production.

Related Keywords: export, garmenting, Garments, impact, import, India, ITF, readymade garments, supply chain, Textile

Indian Texpreneurs Federation (ITF) has appealed to all brands and retail chains operating in India to source their requirements from within the country instead of importing.

ITF’s appeal comes in the wake of a huge jump in import of readymade garments from Bangladesh.

Related Keywords: bales, China, cotton, export, import, India, trade, United States, USDA

Having inked contracts at much higher rates earlier, importers here are staring at a loss.

The continued stand-off between the US and China over trade tariffs has created uncertainty in the Indian cotton market. After international cotton prices slipped by over 16 per cent over the past month, Indian cotton importers are staring at a loss and are looking to rework import contracts.

Related Keywords: CEMATEX, export, import, Industry, innovation, ITMA, manufacturers, sustainaiblility, Textile

Finance forum to add practical insights into textile sector financing and funding

10 May 2019 – An exciting and diverse panel of industry experts has been invited to share future trends, rare insights and strategic solutions at the ITMA Speakers Platform. This is the first time that experts from non-exhibiting commercial organisations have been invited to participate.

Related Keywords: apperals, Chaina, event, export, fabrics, Garments, import, India, Italy, Japan, texitle, trade

Nearly 5,000 exhibitors from the areas of textiles and garments, shoes, cases and bags, recreational products, medicine and healthcare products and food recently offered a detailed overview of their evolving global trade as part of Phase 3 of the 125th China Import and Export Fair (Canton Fair).

The fair which opened on April 15 concluded on May 5, and was held in Guangzhou, China.