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To satisfy this demand, the Tirupur hub in Tamil Nadu has greatly increased the scope of its operations. Additionally, favourable trade agreements with the EU and possible resolutions to the Russia-Ukraine crisis could increase exports even more.

Technical textiles that address global challenges, such as high-strength fibres used in aerospace and defence, and breathable waterproof fabrics in raincoats, offer a pathway to sustainable growth and global competitiveness.

Popees Baby Care is set to open 42 new stores across India and expand internationally to the UAE by FY '26. Starting with a new store in Kerala, the brand aims to enter key Indian markets and establish showrooms in Abu Dhabi and Sharjah. The company currently operates 84 stores nationwide.

This launch represents an expansion of Asos's own-brand portfolio, which already includes Asos Design and Collusion, and aims to provide a more elevated fashion offering

Many industries have seen significant increases, but the textile industry has benefited the most, seeing their allocation soar from US $ 5.15 million to US $ 131.4 million.

Capri Holdings is nearing a US $ 1.6 billion deal to sell its luxury brand Versace to Prada SpA. The potential acquisition strengthens Prada's position in the competitive luxury market, enabling it to challenge industry giants like LVMH and Kering. Capri’s stock surged, but analysts warn about the time needed for a turnaround.