Author Archives: beatriceco

LIS Technologies Inc. to Attend the World Nuclear Fuel Cycle 2025 Conference with Co-Founder and CEO Christo Liebenberg Scheduled to Present

LIS Technologies Inc. to Attend the World Nuclear Fuel Cycle 2025 Conference with Co-Founder and CEO Christo Liebenberg Scheduled to Present – Technology Today – EIN Presswire

The Future of Mumbai’s Textile Exports: Infrastructure, Sustainability & Technological Advancements

Ms. Shanice Dsouza, Post – Graduate Academic Scholar, National Institute of FashionTechnology, Ministry of Textiles, Daman Campus
Dr Vidhu Sekhar P, Assistant Professor, Department of Fashion Management Studies, National Institute of Fashion Technology, Ministry of Textiles, Daman campus
Introduction
Mumbai’s textile industry is a vital contributor to India’s economy, particularly in the realm of exports. With ambitious targets to increase textile exports to ₹9 lakh crore by 2030, the city’s infrastructure—especially its ports—plays a pivotal role in meeting global demand. This article delves into the current state of Mumbai’s textile exports, the challenges faced by exporters, the necessity for port expansion & how sustainability and technology are shaping the future.
Mumbai’s Textile Export Landscape
India is currently the sixth-largest textile exporter globally, with Mumbai serving as a key hub for production and trade. The industry contributes 20% to industrial production and 18% to employment in India’s industrial sector. In FY25 alone, textile exports reached ₹3 lakh crore, with significant growth expected in the coming years. The major Mumbai’s textile products are exported to major markets of United States, European Union, United Kingdom, and to Middle East. These regions demand high-quality & timely deliveries, underscoring the importance of efficient logistics & port infrastructure.

Challenges Faced by Textile Exporters in Mumbai
Despite its strong export performance, Mumbai’s textile industry faces several hurdles.  Countries like Bangladesh & Vietnam offer lower production costs & have preferential trade agreements with major markets like the EU. Existing port facilities often experience congestion, leading to delays that can deter international buyers. Fluctuations in cotton & synthetic fibre prices impact profit margins. Exporters must meet stringent labour & environmental standards, which can be costly and lack of skilled workers affects productivity & innovation.
Existing Port Infrastructure in Mumbai
Mumbai has two major ports that handle its export needs.  Jawaharlal Nehru Port (JNPT) is India’s largest container port handles over 55% of container cargo nationally. JNPT is increasing its capacity from 6 million TEUs to over 10 million TEUs by 2027 through initiatives like deepening channels for larger vessels. Mumbai Port primarily handles bulk cargo but faces limitations in container handling. It includes three wet wharfs (Prince’s Dock, Victoria Dock, Indira Dock) with berthing capacities ranging from 8 to 15 berths.
The Need for More Ports
As textile exports grow rapidly, Mumbai’s existing ports may struggle to handle the increasing volumes efficiently. Expanding port infrastructure is crucial for several reasons. New ports like Vadhavan will provide additional cargo handling capabilities. Improved facilities will reduce congestion & speed up turnaround times for shipments. Larger ports can accommodate mother vessels directly, eliminating transshipment costs. Better logistics will help Indian exporters compete with countries like Bangladesh & Vietnam.
Expansion Plans for Mumbai Ports
JNPT has widened its harbour channel from 14m to 15m to handle vessels with capacities of up to 12,500 TEUs. A Free Trade Warehouse is being developed to attract investments & streamline operations.
Vadhavan Port Project is set to become India’s largest port by 2030, handling up to 23 million TEUs annually. It has an investment of ₹76,220 crore project jointly developed by JNPT & Maharashtra Maritime Board. The features include nine container terminals, four multipurpose berths. advanced rail-road connectivity and an employment generation for over 1.2 million people.
Sustainability in Textile Exports
Sustainability has emerged as a key factor in attracting international buyers. Growing preference for eco-friendly textiles drives demand for sustainable practices.  Compliance with standards like GOTS (Global Organic Textile Standard) enhances credibility among global buyers. Sustainable practices reduce operational costs through improved efficiency & waste reduction.
Role of Technology in Enhancing Sustainability
Technology plays a crucial role in promoting sustainability within Mumbai’s textile industry.  Development of biodegradable materials reduces environmental impact.  These methods minimize water consumption compared to traditional processes. Real-time monitoring of energy usage optimizes factory operations. Ensures ethical sourcing practices throughout the supply chain. Technologies like zero liquid discharge systems recycle wastewater effectively.
Conclusion
Mumbai’s textile industry stands at a crossroads where infrastructure upgrades are essential for sustaining growth in exports. Expanding port facilities — such as JNPT enhancements & the Vadhavan Mega-Port — will be critical for meeting rising global demand efficiently while maintaining competitiveness against international rivals like Bangladesh & Vietnam. By embracing sustainability through innovative technologies & addressing logistical challenges via expanded port capacity, Mumbai can solidify its position as a global leader in textile exports while contributing positively to environmental stewardship. As India aims for ₹9 lakh crore in textile exports by 2030, these strategic initiatives will pave the way for long-term success in global trade markets.

Hitting tech services from America would be ‘nuclear option’, says Tánaiste Simon Harris at EU trade ministers meeting

“I think if you were to get into that space, it would be an extraordinary escalation at a time when we must be working for de-escalation,” Simon Harris said.“It is, in many ways, the nuclear option… what we need to do here is to respond step-by-step in a measured way.”There would be a proportionate rebuff, he said, even though there are not enough US goods exports to the EU to meet an equality of value with any imposed tariffs.Mr Harris said EU Trade Commissioner Maros Sefcovic had already been in touch with US Secretary of Commerce Howard Lutnick, and negotiations were the way to go.European unity was the key outcome to achieve today, he said, with the EU Commission preparing to announce tonight the retaliatory measures in relation only to the advance imposition of US tariffs on steel and aluminium.But he also spoke of a pivot away from the American market in order to safeguard jobs at home.“At a European level, we have to accelerate conversations around competitiveness and productivity,” he said on arrival in Luxembourg for Council of Ministers talks.‘There’s an awful lot we can control at a European level that would directly support European industry, European jobs and the European economy,” Mr Harris said.‘If there’s a need to support individual sectors as we go through this global financial challenge and the economic turmoil that President Trump’s announcements have caused, Ireland will certainly s keep that under review.“We’ve a proud track record in our country of supporting business and backing enterprise.”But he added: “There is no scheme that any Government can devise that would be better than trying to mitigate the damage of tariffs. That’s where the focus has to be.“We need to find a negotiated way forward. I hope today provides us with an opportunity to share insights, but also to discuss how we get leads to a better place in terms of engagement.“Ireland is very clear, as I believe are the overwhelming majority of European countries, that any actions we take must be taken with one agenda in mind — and that is to de-escalate to get to a point of negotiation, because disagreement needs to ultimately end in agreement.”The Tánaiste said that the turmoil being seen in global stock markets “is a real indication of the pain that tariffs are causing and will cause, not just to economies in some sort of macro sense, but also to individual citizens in Europe and individual people in the United States of America.”He said he looked forward to “taking stock” with fellow EU ministers before traveling to Washington tomorrow for engagement with Secretary Lutnick of the US administration.

Keepingly® Officially Launches Tech-Forward Platform to Transform Homeownership

Keepingly® Officially Launches Tech-Forward Platform to Transform Homeownership – Technology Today – EIN Presswire

AI market projected to hit $4.8 trillion by 2033, emerging as dominant frontier technology

AI’s rapid rise risks deepening divides, with development concentrated in major economies and firms. Strategic investment and inclusive global governance are key to ensuring its benefits are widely shared.

Artificial intelligence (AI) is fast becoming the defining technology of our time. A new UN Trade and Development (UNCTAD) report projects the global AI market will soar from $189 billion in 2023 to $4.8 trillion by 2033 – a 25-fold increase in just a decade.By then, AI could quadruple its share of the global frontier technology market, rising from 7% to 29% and emerging as the sector’s dominant force.But AI’s rapid growth risks widening global divides. Development is highly concentrated, with advanced and large economies benefiting from a deeper talent pool of workers with the needed skills.In 2022, just 100 companies – mainly in the United States and China – accounted for 40% of global research and development (R&D). Combined, the two countries hold 60% of all AI patents and produce a third of global AI publications.AI at work: Global impact on jobsAI is already reshaping industries – from content creation and product design to automated coding and customer service.Globally, it could affect 40% of jobs, with up to one third in advanced economies at risk of automation. But those same economies are better placed to benefit: 27% of their jobs could be enhanced by AI, boosting productivity and complementing human skills.Developing countries must catch up on national strategiesTo compete in an AI-driven world, developing countries need to rethink industrial policies, shifting the focus toward technology, innovation and knowledge-intensive services.They need to catch up in setting national AI strategies. By 2023, two thirds of developed economies had one – compared to just 30% of developing countries (excluding the least developed). Among least developed countries, only 12% had a strategy in place.According to the report, national strategies should focus on AI’s three key leverage points: infrastructure, data and skills. Priorities include:Upgrading infrastructure to ensure equitable access to electricity, the internet and computing power.Promoting open data and sharing to improve storage, access and collaboration.Building AI literacy across the population by integrating STEM and AI into education from early schooling to lifelong learning.Deciding AI’s future: Global cooperation is essentialAI is borderless, but its governance is fragmented and dominated by a few wealthy nations. Only the G7 countries are involved in all major AI governance initiatives, while 118 countries –  mostly developing – are not involved in any.This lack of representation is alarming. While national regulation is important, inclusive global collaboration is essential to ensure AI serves the public good.Today’s AI landscape is shaped by multinational tech giants. Apple, Nvidia and Microsoft each have a market value of around $3 trillion – rivaling the GDP of the entire African continent.The Technology and Innovation Report 2025 calls for inclusive AI governance that puts people first, urging multi-stakeholder cooperation to align AI with global development goals and ensure its benefits are widely shared.Stronger international cooperation can ensure AI drives inclusive progress — not deepen inequalities.