AGP Executive Report
Last update: 4 hours agoCompany Results: Lagnam Spintex’s second-quarter revenue rose 30% year on year and EBITDA nearly doubled, while Indo Rama Synthetics also reported higher quarterly profit. Exports: Indian textile exports rose in September, with industry reports showing growth of 17.5% to 19.9%; apparel shipments lagged in the first half. Pakistan’s textile exporters, meanwhile, face rising costs and regional tensions. Technical Textiles: Surat manufacturers are moving into defence fabrics to replace imports, and Mafatlal Industries signed an agreement to supply combat-uniform fabric to an Air Force welfare association. Industry Outlook: The latest ITMF survey and a separate report point to skills and data gaps slowing AI adoption in textiles. Bangladesh’s textile future, industry leaders say, depends on advanced processing. Circularity: Textile-to-textile recycling still faces major cost and infrastructure hurdles to commercial scale. Workers: Surat factory workers were detained during protests seeking higher wages and weekly days off.
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