india

28th Sep 2023

India's technical textile sector is growing, with a 57 per cent increase in agrotech imports to ₹159 crore and a 24 per cent decrease in hometech imports to ₹82 crore from April to June 2023. Mobiltech imports remained stable. The ITTA reported agrotech and hometech imports at ₹102 crore and ₹108 crore, respectively, in the same period in 2022.

19th Sep 2023

India will enforce QCO from October 7 this year to standardise 12 categories of protective textiles, including those offering fire, water, and industrial protection. The order aims to maintain a standard quality for both domestically produced and imported products in the domestic market. However, the guidelines will not affect the export market.

14th Sep 2023

Indian minister Darshana Jardosh emphasised innovation, increased commercialisation, and better technology access in medical textiles at Meditex 2023. She urged deeper collaboration between research entities and industries to further leverage tech advancements. The event also saw the release of a book marking 15 years of research in medical...

12th Sep 2023

In the first quarter of fiscal 2023-24, India saw a modest 1 per cent increase in technical textiles exports, raising the total to ₹5,946 crore ($716.9 million). Analysis by the ITTA noted significant growth in several sectors including a 21 per cent increase in mobitech exports and a notable 91 per cent increase in speciality fibre segment.

31st Aug 2023

India's technical textile startups are buoyed by the new GREAT initiative. Industry experts believe that the scheme will fast-track growth and attract new entrepreneurs, meeting a longstanding demand for financial support in this sector. The ministry of textiles has also approved 26 engineering schools to introduce technical textile courses.

29th Aug 2023

Ministry of textiles has introduced the GREAT Guidelines to boost technical textiles startups in India. Offering grants of up to ₹50 lakh for 18 months, the initiative covers various application areas from smart textiles to bio-degradable textiles. About ₹151.02 cr was approved for upgrading 26 academic institutes. QCO measures have also been put ...

18th Aug 2023

Indian firm Garware Technical Fibres Ltd reported a 7 per cent rise in net sales to ₹325.7 crore in Q1 FY24, compared to ₹304.5 crore in Q1 FY23. Profit before tax grew 54 per cent to ₹57.1 crore, and net profit after tax increased by 52 per cent to ₹43 crore. The EPS for Q1 FY24 stood at ₹21.08, a 54 per cent growth over the previous year.

26th Jul 2023

At the 6th National Conclave on Standards and Regulations, India’s ministry of textiles, FICCI, and BIS highlighted the importance of technical textile standards. New standards were introduced, and HSN codes rationalisation was emphasised. The global technical textiles market, currently at $260 billion, is projected to increase to $325 billion by...

14th Jul 2023

The 6th National Conclave on Standards for Technical Textiles, jointly organised by FICCI, MoT, and BIS, will take place on July 25, 2023, in New Delhi. The conclave, a forum for formulating the latest standards in technical textiles, will see addresses by key figures. Objectives include understanding the standardisation status of technical...