A majority of categories like carpet & handicraft, jute manufacturing, man-made yarn/ fab/ made-ups under the textile segment have reported decline in exports in February.
Only the cotton yarn/fabs/made-ups/handloom products category have shown growth under the segment.
According to the Confederation of Indian Textile Industry (CITI), man-made yarn/fab/made-ups category has reported a decline of 2% in the month to USD 388 million, compared with USD 398 million in the year-ago period. Similarly, jute manufacturing (including floor covering) reported a decline of 10% to USD 23 million as compared to USD 26 million in February 2018.
The carpet and handicraft categories reported a decline of 3% each to USD 111 million (USD 114 million) and USD 151 million (USD 156 million), respectively, in exports during the month.
Exports of the apparel segment, however, grew 7% during the month to USD 1.544 billion, compared with USD 1.44 billion in February 2018.
Following this, textiles and apparel exports in February saw a growth of 3% to USD 3.094 billion, against USD 2.992 billion in February 2018. Cumulatively (April-February 2019), except the jute category, all the other categories under textile segment grew marginally.
Supply chain consultancy GenuTrace and digital traceability platform Kinset have partnered to help companies verify and document cotton sourcing claims.
Ibex has combined advanced textile technology with domestic manufacturing by incorporating Nuyarn performance yarn into its new Nautilus Fisherman Sweater.
PrimaLoft has introduced six new insulation products aimed at expanding design and performance options for outdoor clothing and accessories.
Ghana is working with UNIDO to set up a Circular Economy Innovation and Textile Testing Centre to reduce textile waste…
Designtex, a company that designs and manufactures applied materials for interior spaces, has launched two new biobased coated textiles, Terrene…
INVISTA, a company specialising in chemical intermediates, polymers and fibres, has signed a MoU with Epoch Biodesign, a company focused…