AGP Executive Report
Last update: 4 hours agoTextile Investment: India’s IndigoTex raised ₹5 crore to expand manufacturing and R&D, bringing washable wool and wool-blend fabrics closer to market. US Manufacturing: Reshoring Textiles acquired Sans Technical Fibers, adding domestic nylon and polyester yarn production for apparel and industrial uses. Circularity: Recover launched a 100% recycled-fibre blend designed to avoid downstream overdyeing, while Nike, Patagonia and Under Armour joined an alliance to tackle microfiber pollution. Industry Outlook: An ITMF survey found textile demand remains weak, even as a CMAI report sees India’s apparel market growing to $146 billion on rural demand and casualwear. Operations: Vippy Spinpro secured a ₹30 crore increase in its working-capital limit, lifting its HDFC Bank cash-credit facility to ₹70 crore.
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