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Renewable energy adoption has gained momentum in the Indian textile industry, but intensity-related challenges still persist, stated an ICRA ESG Ratings Report. A new report by ICRA ESG Ratings Ltd shows a steady increase in renewable energy adoption among Indian textile companies, even as energy use per unit of revenue, has also increased, an ICRA statement said. The findings are based on a review of 19 major textile firms, including Page Industries Ltd, Welspun Living Ltd, Arvind Ltd, and KPR Mill Ltd, from FY2023 to FY2025. The study is part of the broader analysis presented in 'Sustainability Unstitched: Indian textile industry's green gauge.' The report says that the average share of renewable energy in the sector's total energy consumption rose from about 14 per cent in FY2023 to nearly 18 per cent in FY2025. Apparel companies led with an increase from 26 per cent to 28 per cent, aided by the feasibility of rooftop solar for electricity-driven operations like cutting and ...
India's textile exports to 111 countries recorded a 10 per cent year-on-year growth during April-September, demonstrating remarkable resilience in the first half of the financial year despite global headwinds and tariff-related challenges in major markets, the government said. These 111 markets contributed USD 8,489.08 million during April-September 2025, compared to USD 7,718.55 million in the previous year, reflecting a 10 per cent growth and an absolute increase of USD 770.3 million, the textile ministry said on Wednesday. Overall, India's global exports of textiles, apparel and made-ups grew marginally by 0.1 per cent during April-September 2025, compared to the corresponding period in 2024. Some of the large export markets for India, which clocked impressive growth rates, were the UAE (14.5 pc), the UK (1.5 pc), Japan (19 pc), Germany (2.9 pc), Spain (9 pc) and France (9.2 pc). On the other hand, some of the other markets that recorded higher growth rates were Egypt (27 pc), .
The government has extended the last date for filing fresh applications under the production-linked incentive (PLI) scheme for the textiles sector till December 31. The decision follows the receipt of large number of applications in the latest invitation round that started on August 2025, from sectors including Man-Made Fibre (MMF) Apparel, MMF Fabrics, and Technical Textiles. "Encouraged by the growing industry interest, the government is offering another opportunity to prospective investors to participate and benefit from the scheme," the textiles ministry said in a statement. The extension of the application window is a direct response to the industry's continued appetite for investment under the PLI scheme, reflecting increased market demand and confidence in the domestic textile manufacturing, it added. Interested applicants may submit their proposals through https://pli.texmin.gov.in/ PLI Scheme for Textiles was notified on September 24, 2021 with an objective to promote ..
Home textiles major Trident Group is charting out plans for greenfield expansion in India, which is gradually emerging as a quality and brand sourcing hub, while domestic consumption is also expected to multiply going forward, according to its CEO Samir Joshipura. The group, which has earmarked Rs 1,000 crore capex for FY26 for sustainability, modernisation, and asset enhancement initiatives, is currently at a planning stage for its expansion plans in India and is likely to announce it sometime next year, he told PTI. "We are in a planning phase, but year after, we are going to look at certain significant greenfield expansions...We have the scope of investing heavily, but we are not blindly going out...," he said. Explaining the reasons for a studied approach, Joshipura said, "India is also at a phase where, at the macroeconomic level, global economic level, we are going through a transition as a country from so-called low-cost sourcing hub to a quality and brand sourcing hub. Also
Home textiles major Welspun Living Ltd on Monday reported a marginal increase in consolidated net profit at Rs 202.4 crore in the second quarter ended September 30, 2024. The company had posted a consolidated net profit of Rs 200.41 crore in the corresponding quarter last fiscal, Welspun Living Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 2,873.09 crore, as against Rs 2,509.08 crore in the year-ago quarter, it added. Total expenses in the second quarter were higher at Rs 2,655.87 crore, as compared to Rs 2,283.42 crore in the same quarter a year ago, the company said. Welspun Group Chairman BK Goenka said Welspun Living posted its highest-ever consolidated quarterly revenues in Q2FY25, growing by 15.5 per cent amid relatively adverse global conditions owing to Red Sea challenges. "Emerging businesses of global brands, domestic consumer, advanced textile and flooring are continuing to flourish from strength to strength and grew 22 per cent in ..
The country's ready-made garment exports (RMG) in August rose by about 12 per cent to USD 1.26 billion despite global headwinds and challenges such as high logistic cost, according to the commerce ministry data. Cumulatively, RMG exports during the April-August period of 2024-25 grew by 7.12 per cent to USD 6.39 billion. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said that exports are keeping the growth momentum despite global headwinds, persisting Red Sea crisis and other challenges such as high logistic costs. "Growing at an average of 7.12 per cent in the last five months (April to August 2024-25), the RMG exports have bucked the trend of falling merchandise exports which touched a 13-month low in August," he said. He added that with focus on product quality as well as environmental and social compliance, the industry is poised to take a leap into high growth trajectory and be a major global player of garment exports. "I am hopeful that the growth momentum w
Known for the successful ventures he established, Jamsetji Tata, founder of the Tata Group, did not shy away from taking tough calls and making strategic choices to exit from unviable business as shown by the shutting of Tata Shipping Line in the 1890s, according to a new book. He had started the 'Tata Line', the first ever business of the Tata Group which bore the Tata name, with a view to challenge the monopoly of the English P.&O., the pre-eminent shipping line that carried exports from India during the 1880s and 1890s. The English P.&O. which had the support of the then British India government, had a virtual monopoly on shipping from India and charged Indian merchants exorbitant freight rates, while providing greater rebates on British and Jewish firms thereby creating an uneven playing field for Indians, according to the book titled 'Jamsetji Tata - Powerful Learnings For Corporate Success'. "Jamsetji Tata, who was in the textile business at that time, was adversely ...
Leading textile manufacturer Arvind Ltd on Monday reported a 37.25 per cent decline in consolidated net profit at Rs 43.73 crore for the first quarter ended June 30, 2024, on account of workers' strike and general elections. The company had posted a net profit of Rs 69.70 crore in the April-June quarter a year ago, Arvind Ltd said in a regulatory filing. Arvind Ltd said its revenue from operations declined 1.22 per cent at Rs 1,830.60 crore during the April-June quarter. It was at Rs 1,853.27 crore in the corresponding period of the previous fiscal. "The financial performance and growth of Arvind Limited in Q1 of FY25 were impacted by two unrelated events: the National general election and an illegal worker's unrest," said Arvind in its earnings statement. The unrest impaired the performance at the Santej factory, its largest textile facility, for 21 days. The strike affected the company's main businesses, including the woven segment, denim segment, and the industrial and human ..
The 'recent' suicide' of a weaver at Sircilla in Telangana has brought to the fore the alleged lack of work and adequate income in this textile hub, with the issue leading to a war of words between the opposition BRS and the Congress. Kudikyala Nagaraju recently died by suicide as he was unable to repay his debts and this came as a reminder of the tragedy of weavers ending their lives in the past. While it is being claimed 10 weavers have ended their life so far this year, the government has pegged the number at six, even as the BRS attacked the ruling Congress over the matter. Nagaraju (47), a weaver, took his life by consuming acid at Sircilla recently. "My husband borrowed some amount and failed to repay the lenders. He did not have the livelihood to take care of me and our two sons," Nagaraju's wife Lavanya told PTI. Similar is the story of Adicherla Sai Kumar (25) who committed 'suicide' in April this year as he was unable to repay the money he borrowed. "My brother was work