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Shiva Texyarn secures Rs 36.19 crore order from Indian Air Force for NBC Permeable MK V suits, showcasing technical excellence.
One of India’s leading textile manufacturers, Shiva Texyarn has bagged an order worth Rs 36.19 crore from the Indian Air Force, Ministry of Defence, Department of Military Affairs and Government of India to supply 16,000 pairs of Nuclear, Biological and Chemical (NBC) Suits, especially the Permeable MK V from January 3, 2025, to August 31, 2025.
A producer of technical textiles including home textiles, coated and laminated fabrics and other value-added goods in addition to cotton yarn, Shiva Texyarn holds numerous certifications including Five S (Workspace Management System), Oeko – Tex 100 Certification, WRAP Certification and Affiliation Certification (Textile Sector Skill Council).
The company has five divisions including a spinning mill, a lamination division and a garments division in Tirupur, a processing division in Erode and a coating division in Coimbatore.
In Q2 FY ’25, the company’s consolidated net profit increased to Rs 2.77 crore as against a net loss of Rs. 2.59 crore in Q2 FY ’24. Its net sales declined to 3.6 per cent Y-o-Y to Rs. 95.19 crore during the quarter.
The global home textile market in 2024 was marked by changing consumer preferences, supply chain disruptions, and a growing emphasis on sustainability. This report looks at the key trends that defined the year, and analyzes the sector's performance against projections, identifies the winners and losers in global trade, gives the outlook for 2025.
Market influencers
Several factors played a crucial role in shaping the home textile market in 2024.
Economic volatility: Global economic uncertainties, including inflation and recessionary fears in major markets, impacted consumer spending. While some consumers prioritized essential home textiles, discretionary purchases like decorative items saw a dip.
Shifting consumer preferences: Consumers increasingly sought out sustainable, ethically sourced, and high-quality home textiles. This trend was pushed by demand for organic cotton, recycled materials, and handcrafted products.
Supply chain disruptions: Lingering effects of the pandemic, coupled with geopolitical tensions, continued to disrupt supply chains. This led to increased lead times, higher transportation costs, and challenges in sourcing raw materials.
E-commerce boom: Online sales channels continued to gain traction, with consumers embracing the convenience and variety offered by e-commerce platforms. This pushed traditional retailers to enhance their online presence and omnichannel strategies.
How the market fared
While the global home textile market saw growth in 2024, it fell short of initial projections. Market research firm Statista estimated the market size will touch $135 billion in 2024, but preliminary data suggests it is around $130 billion. This discrepancy can is due to economic instability and supply chain glitches.
Table: Home textile market in 2024
|
Region |
Projected growth (%) |
Actual growth (%) |
|
North America |
4.5 |
3.8 |
|
Europe |
3.2 |
2.5 |
|
Asia Pacific |
6.8 |
6.1 |
|
Latin America |
5.1 |
4.2 |
|
Middle East & Africa |
5.9 |
5 |
Source: Statista, Industry Reports)
In the realm of international trade, some countries emerged as winners while others faced challenges.
Winners
India: Leveraging its competitive labor costs and strong manufacturing base, India solidified its position as a leading exporter of home textiles. Its focus on value-added products and sustainable practices further enhanced its appeal.
Vietnam: Continued its upward movement in the global textile market, capitalizing on trade agreements and investments in manufacturing capacity.
Bangladesh: Remained a major player in the supply of bed linen and towels, benefiting from its cost-effectiveness and established supply chains.
Losers
China: Dealt with issues like rising labor costs, trade tensions, and increasing competition from other Asian countries.
Pakistan: Struggled with political instability and economic challenges, impacting its export competitiveness.
Table: Home textile global import and export scenario in 2024
|
Country |
Imports in 2023 % bn) |
Imports in 2024 ($ bn) |
% change |
|
USA |
22.8 |
23.5 |
+3.1 |
|
Germany |
8.9 |
9.1 |
+2.2 |
|
UK |
7.2 |
7.4 |
+2.8 |
|
France |
5.8 |
6 |
+3.4 |
|
Japan |
4.9 |
5.1 |
+4.1 |
|
Canada |
4.1 |
4.3 |
+4.9 |
|
Country |
Exports in 2023 $ bn) |
Exports 2024 ($bn) |
% change |
|
China |
35.2 |
33.8 |
-4 |
|
India |
28.5 |
30.1 |
+5.6 |
|
Pakistan |
10.2 |
9.8 |
-3.9 |
|
Vietnam |
8.7 |
9.5 |
+9.2 |
|
Bangladesh |
7.5 |
7.8 |
+4.0 |
|
Turkey |
6.3 |
6.5 |
+3.2 |
Source: WTO, ITC Trade Map) And much like other sectors in the textile industry, home textile too faced several challenges through 2024. On major challenge was meeting growing demand for sustainable products while managing costs and ensuring transparency. As John Smith, CEO of a leading home textile brand says, “Sustainability is no longer a trend, it's an imperative. Consumers are demanding it, and brands that fail to deliver will be left behind." Building more resilient and diversified supply chains to mitigate disruptions also became crucial. And competition intensified from emerging markets so to keep ahead stakeholders needed continuous innovation and differentiation.
For example, Welspun India, a leading global home textile manufacturer, has embraced sustainability and innovation to thrive in the competitive market. Their initiatives include: Wel-Trak 2.0 A patented end-to-end traceability technology that ensures transparency and ethical sourcing of raw materials; investment in recycled and organic cotton production; focus on water conservation and energy efficiency in manufacturing processes.
Despite the challenges, 2024 witnessed numerous innovations in the home textile sector. For example, integration of technology into home textiles gained momentum, with products like sleep trackers, temperature-regulating bedding, and antimicrobial fabrics gaining popularity. "The integration of technology into home textiles is transforming the industry. We're seeing incredible innovations that enhance comfort, convenience, and well-being," says Jane Doe, Textile Industry Analyst.
Brands increasingly adopted circular economy principles, focusing on recycled materials, reduced waste, and product longevity. And customized home textile solutions, allowing consumers to personalize designs, colors, and materials, gained traction.
Outlook for 2025
Despite these challenges, the outlook for the home textile sector in 2025 remains cautiously optimistic. Market research firm Grand View Research projects the market will reach $142 billion in 2025 numerous factors acting as catalysts. Growing urbanization and rising disposable incomes in developing economies will boost the sector. Similarly increasing focus on home décor and interior design will augur well. And continued growth of e-commerce and online sales channels will also boost the sector.
Meta Description: India poised to capture apparel market share from Bangladesh amid its economic crisis, AEPC urges policy reforms for growth
Amid ongoing economic and political instability in Bangladesh, Indian apparel exporters, particularly in the Tirupur cluster, are witnessing increased inquiries from global brands like Primark, Tesco, Decathlon, JCPenney, Gap, and Walmart. With orders expected to convert by early 2025, India is presented with an opportunity to capture a portion of Bangladesh’s global apparel market share, as the neighboring country faces challenges in importing cotton and fabric due to depleted foreign exchange reserves.
Bangladesh’s foreign exchange reserves fell below $40 billion in July 2024, impacting its ability to sustain cotton imports from India, creating a potential gap in its apparel production. Mithileshwar Thakur, Secretary General of the Apparel Export Promotion Council (AEPC), highlighted that if India captures just 10 per cent of Bangladesh's apparel exports, it could create up to 1.5 million jobs.
However, Bangladesh still holds a cost advantage due to its low wages, duty-free access in major markets, and Least Developed Country (LDC) status. To bridge this gap, India needs to sign free trade agreements with the EU and UK, allowing access to similar benefits.
Thakur also stressed the need for India to improve infrastructure, technology, and workforce skills to attract redirected investments from countries like Vietnam and Cambodia, traditionally seen as competitors. The AEPC has called for the introduction of PLI 2.0, which would incentivize capacity expansion and technology upgrades, especially for micro-industries.
Additionally, Thakur pointed out challenges in sourcing Man-Made Fibre (MMF) fabrics and the need to reduce high import duties on textile machinery. He also emphasized the importance of sustainability and ESG compliance in tapping into global markets, particularly the EU and the US.
Meta Description: Spring Fair 2025 celebrates its 75th anniversary with top retail icons, industry insights, and over 1,200 exhibitors
Spring Fair, the UK's premier trade show for Home, Gift, and Fashion, is set to celebrate its 75th anniversary at the NEC Birmingham from February 2-5, 2025. The event will feature prominent industry figures including Jeff Banks, Theo Paphitis, Andrew Xeni, and Laurence Llewelyn-Bowen, all of whom have long-standing ties to the fair.
Llewelyn-Bowen’s design company will create the Licensing Lab lounge area, providing a stylish Networking Lounge for informal discussions and meetings. The flamboyant designer will open the Inspiring Retail Stage on 2nd February with a talk on licensing, art, and design.
Retail and technology entrepreneur Andrew Xeni will deliver sessions on scaling sustainability, licensing success, and the future of digital product passports. Xeni, who founded eco-conscious brand Nobody’s Child, will also lead a keynote.
Jeff Banks will share insights from his 60+ years in licensing, discussing the dos and don’ts of designer collaborations. Banks has been a key part of the show’s success, working with many exhibitors over the years.
Theo Paphitis, TV dragon and founder of #SBS Small Business Sunday, will also make his mark, offering guidance for small businesses on competing with larger retailers.
With over 1,200 exhibitors and more than 1 million products on display, Spring Fair 2025 promises to be an unmissable event, showcasing new brands, exclusive products, and exciting opportunities for buyers.
Meta Description: NITMA welcomes MIP extension on synthetic fabrics imports, urges broader coverage to curb rising imports and protect domestic industry
Sidharth Khanna, President of the Northern India Textile Mills Association (NITMA), expressed his deep appreciation and sincere gratitude to the Honourable Minister for Textiles, Giri Raj Singh, and the Minister for Commerce & Industry, Piyush Goyal, for their decisive action in extending the Minimum Import Price (MIP) of $3.50 per kg on 13 specific HS codes of synthetic knitted fabrics.
This extension, as per the DGFT notification no 49/24-25 dated 4th January 2025, is effective from January 1 to March 31, 2025, with exceptions granted for imports by advance authorisation holders, EOUs, and SEZs, provided the imported inputs are not sold into the Domestic Tariff Area (DTA).
Khanna highlighted a concerning trend in the import data up to October 2024, showing a significant rise in imports under Chapter 60, despite the government’s efforts to curb underpriced imports. Import figures have risen dramatically:
Jan-March 2024: 89 million kg
Apr-Jun 2024: 81 million kg
Jul-Sept 2024: 130 million kg
Additionally, three other HS codes not covered by the MIP have seen a staggering 600 per cent rise in imports, increasing from 1.31 million kg in Apr-Jun 2023 to 7.52 million kg in Oct 2024. This suggests that importers are circumventing the MIP by switching to different HS codes, rendering the current approach ineffective.
In light of this, Khanna requested that the government extend the MIP to all HS codes under Chapter 60 and include this provision in the upcoming budget to avoid the need for frequent notifications. He emphasized the importance of vigilance within the domestic industry to monitor imports of synthetic knitted fabrics not only under Chapter 60 but also beyond. Khanna’s appeal aims to protect the domestic industry from the adverse impacts of unfair trade practices while acknowledging the government's efforts in tackling the issue.
Meta Description: British Wool and NFYFC offer 50 per cent discounted shearing courses, empowering young farmers to enhance skills and industry standards
British Wool and the National Federation of Young Farmers’ Clubs (NFYFC) are once again partnering to provide YFC members with a 50 per cent discount on shearing training courses. This marks the seventh consecutive year of collaboration, supporting young farmers in developing essential skills.
The two-day courses, available across the UK, cover machine and blade shearing for all skill levels-beginner to advanced. Participants receive hands-on instruction in small groups, with a 1:4 instructor-to-student ratio. The training emphasizes technique improvement, animal welfare, equipment use, and safety in the shearing shed.
YFC members can register for the discounted rate of £110 plus VAT until March 31, 2025. Non-members can also join at £220 plus VAT. Richard Schofield, Shearing Manager at British Wool, highlighted the program's impact, “This incentive provides an excellent opportunity for members to enhance their skills and maintain high shearing standards.”
NFYFC Chair Drew Bailey noted that over 700 members have benefited from the discount, which aligns with the federation’s commitment to improving industry standards.
2025 NFYFC Sheep Shearing champion Sam Jones urged others to seize the opportunity: “Keep attending courses, practice, and don’t hold back. The more you shear, the better you’ll become.”
The initiative ensures young farmers are equipped to excel in their roles while fostering professional growth.
Meta Description: TMAS drives filtration innovation with advanced automation, boosting efficiency, sustainability, and quality in air and liquid filtration manufacturing
Members of TMAS, the Swedish textile machinery association, are driving innovation in the filtration industry by providing advanced manufacturing and automation solutions. Filtration systems, relying on technical woven and nonwoven fabrics, are vital across sectors including aerospace, transportation, industrial processes, and household appliances.
At Interfil’s plant in Skjak, Norway, 230,000 air filter units are produced annually, with 9,000 products moving through production stages daily. Similarly, Filtration System Products (FSP) in St Louis, USA, manufactures over 2,200 filter hoses daily. Both companies have achieved significant efficiency gains using automated systems from TMAS member Eton Systems.
Eton’s overhead conveyor systems, operational at Interfil since 2014, link production halls, reducing manual handling and transport while enhancing safety and traceability. Since 2023, FSP has increased output by 60 per cent with Eton’s system, which optimizes space and ensures only defect-free products are unloaded.
Another breakthrough comes from TMAS members ACG Kinna Automatic and ACG Nystrom, in collaboration with Juki Central Europe. Their fully automated microfactory produces 120 finished filter bags per hour. The system, comprising the Smart Filter Line and Filtermaster 2.0 modules, automates fabric feeding, seaming, and final assembly with precision and speed.
“These advancements reflect our members' commitment to sustainable and efficient automation, which is essential for maintaining competitiveness,” said TMAS Secretary General Therese Premler-Andersson.
By eliminating labor-intensive processes, TMAS innovations are transforming the filtration sector globally.
Pune Municipal Corporation plans first textile waste processing facility to handle 100-125 tons daily, promoting eco-friendly waste management solutions.
To address the 100-125 tons of textile waste produced every day, Pune Municipal Corporation (PMC) plans to establish first textile waste processing facility in the city. The facility will help process textile waste that cannot be handled with ordinary solid garbage.
Sandip Kadam, Head - Solid Waste Management (SWM) Department, PMC, says, to prevent damage to nature, the textile waste would be handled by the processing unit in an environmentally friendly way. Many people fail to consider the environmental impact of this waste, he points out.
Around 1,200 to 1,300 tons of dry waste and 900 to 1,000 tons of wet waste is generated in Pune every day. Around 100-125 tons of textile waste is generated in the city on a daily basis.
The cost of setting a dedicated unit to process this textile waste is around Rs 4 crore, as per official estimates, though this may vary according to the allocation of land and machinery for the unit.
Kapital partners with L Catterton for growth, blending Japanese craftsmanship and playful style while preserving its iconic charm and authenticity.
Having long skirted a broader reach cult, Japanese clothing brand renowned for blending craftsmanship with playful style, Kapital is finally entering the mainstream with the LVMH-backed investment firm L Catterton acquiring a majority stake in it.
Founded by Toshikiyo Hirata and later helmed by his son Kiro, Kapital gained international acclaim through its unique mix of whimsical designs and meticulous craftsmanship. Known for its skeleton-stitched denim, trucker hats, and boro-patched Kountry line, the brand appeals to workwear enthusiasts, streetwear fans, and luxury fashion lovers alike. Its crossover appeal has cemented its status as one of Japan’s most iconic workwear brands, with stockists spanning workwear retailers, progressive boutiques, and streetwear stores worldwide.
However, this is not Kapital’s first brush with luxury conglomerates. In 2013, the brand collaborated with Louis Vuitton under the leadership of Kim Jones, Managing Director, on blending its patchwork aesthetics with LV’s luxury touch. The collaboration hinted at Kapital’s potential as a global brand, a vision L Catterton now seeks to amplify as Kapital nears its 30th anniversary in 2026.
Some fans have expressed concerns about the acquisition, fearing the brand’s quirky ethos may be diluted. Kapital is famously selective about its retail partners, ensuring exclusivity and authenticity.
Kapital’s inclusion under L Catterton’s ‘Asia’ strategy aligns with broader investments in Japan, reflecting the firm’s focus on growing local brands with international potential. The investment is likely to help Kapital expand while staying true to its roots, ensuring its unique charm continues to captivate a global audience.
AEPC urges tax incentives, e-commerce reforms, and zero customs duty on machinery in Union Budget 2025 to boost India's apparel exports.
Apparel Export Promotion Council (AEPC) has urged the government to announce tax incentives in the upcoming Union Budget 2025. The incentives sought by the Council include removal of a provision requiring payments to MSMEs to be made within 45 days to claim deductions, and exempting garment machinery imports from customs duty on garment machinery imports.
AEPC has also requested the government to announce a 5 per cent interest equalization rate in the upcoming Budget, scheduled to be unveiled on February 1, 2025 by Finance Minister Nirmala Sitharaman.
The council’s other demands include extending the concessional tax rate for new manufacturing units to encourage setting up of new garment units; simplifying import procedure for trims and embellishments under IGCR (Import of Goods at Concessional Rate); and liberalizing e-commerce export procedures.
The Ready Made Garments (RMG) sector also demanded removal of Sec43B (H) of IT Act pertaining to payment to any MSME companies within a maximum 45 days' time to claim tax deductions. This Act not only increased tax liabilities but also disrupted the cash flow of exporters, says the sector
Further, the sector has demanded increasing the cap per consignment of export value under e-commerce to minimum Rs 25 lakh and extending the export realization period to 12 months.
India's garment export sector relies heavily on imported machinery to maintain quality and global competitiveness, as domestic production is insufficient to meet demand. High import duties make Indian garments exports less competitive vis-a-vis countries like Bangladesh and Vietnam. AEPC recommends continuing existing exemptions besides reducing the customs duty on remaining garmenting machinery to zero to enhance the sector's efficiency.
Sudhir Sekhri, Chairman, AEPC says, the Union Budget presents a great opportunity to the council to urge the government to consider its demands for long-term policy support.
The sector needs to adopt new strategies urgently to benefit from the reorientation of the evolving supply chain. It can outplace global competitors by upscaling its production capacity, channelizing investments, upskilling workforce and launching new labor reforms, adds Mithileshwar Thakur, Secretary, AEPC.
