29th October 2021, Mumbai:

The Textile Ministry introduced a new grading system to select the beneficiaries of the Rs 10,683 crore Production Linked Incentive (PLI) scheme for man-made fiber (MMF) and technical textiles sectors. The system rates manufacturers for their employment generation, location, financial stability, experience, and technical expertise.

As per the new system, the ministry grants incentives to only those participants that are able to achieve the required minimum threshold in a particular year. Others can claim these incentives in subsequent years, provided they meet the eligibility criteria. The grading system plays a crucial role in determining beneficiaries in case the number of applicants exceeds the allocated sum.

Boosting economic activity in smaller towns

The grading system enables aspirants to score a maximum of 80 points. Applicants can score 15 points for providing jobs to over 10,000 persons, 5 points for employing 500-5,000 workers, and 10 for employing 5,000-10,000. Companies can score up to 10 points for their financial stability, experience, and technical expertise.

They can score 15 points for investing in ‘emerging new districts’ and Group C towns designated by Housing Ministry. Their investments in these segments can earn them 5 points each while investments in integrated weaving and processing of fabrics and garments can earn them10 points.

Through this system, the ministry aims to promote investments, generate employment and boost economic activity in smaller towns. Beneficiaries will be selected by a committee chaired by the Textile Secretary and having representatives from the Niti Aayog and the DPIIT.

Promoting MMF production

Cleared last month, the PLI scheme for textiles aims to promote the production of high-value MMF fabrics, garments, and technical textiles. Besides generating a fresh investment of over Rs 19,000 crore, it also aims to achieve a cumulative turnover of over Rs 3 lakh crore, additional direct employment of 7.5 lakh, and indirect employment of several lakhs, etc.

The ministry aims to make the scheme flexible enough to ensure economies of scale. For this, it plans to use the plant, machinery, and equipment of the project approved under the scheme for producing goods not notified under the scheme.

It will also allow manufacturers to use associated utilities. Manufacturers will also be allowed to set up more than one unit for the production of notified products. However, they will have to declare this along with their applications, per the draft guidelines.

Minimum investment required

As a part of the overall PLI scheme announced for all sectors during the Union Budget 2021-22, the PLI scheme for textiles has a total outlay of Rs1.97 lakh crore. Companies planning to participate in the first part of this scheme need to invest a minimum of Rs 300 crore in the plant, machinery, equipment, and civil works.

The selected companies will receive an incentive of 15 percent of turnover in the first year and thereafter, one percent less incentive every year for the next four years. In the second part of this scheme, they would have to invest a minimum of Rs 100 crore and will receive incentives starting at 11 percent in the first year.

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22nd October 2021, Mumbai:

Baltimore-headquartered sportswear brand Under Armour has opened its fourth Mumbai store inside the Jio World Drive Mall.

The new store will feature the range of its athletic merchandise such as HOVR Phantom running shoes, mineral-infused apparel line, and Project Rock collection among others.

The new store is also in line with the brand’s retail strategy of opening stores on the ground floor of premium malls for greater and faster visibility among customers.

The sportswear brand currently has 23 stores in 16 cities across the country. It is an American sports equipment company that manufactures footwear, sports, and casual apparel.

Under Armour's global headquarters are located in Baltimore, Maryland, with additional offices located in Amsterdam, Austin, Guangzhou, Hong Kong, Houston, Jakarta, London, Mexico City, Munich, New York City, Panama City, Paris, Pittsburgh, Portland, San Francisco, São Paulo, Santiago, Seoul, Shanghai, and Toronto.

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29th October 2021, Mumbai:

The existing state of affairs that Apparels selling over the price of Rs 1,000 are charged 12% GST. But what is indicative after rejig is that it will start to charge 12% GST even on garments priced below Rs 1,000, which at present are been charged at 5% only.

Let us try to understand how tweak of rates can impact if this rework of GST were to become a reality," The GST councils is indicated to have proposed to hike rates from current rate of 5% to 12% for garments maintaining uniformity across price categories is likely to be disastrous on the already battered garment units balance sheet by extending (WC) working capital requirements of the textile garment industry struggling to repair respective balance sheets, more significantly in the MSME/ small businesses on the back of pandemic induced stress".

Several industry bodies representing hosiery, knitwear, fabric, textile traders & garment manufacturers have already raised a serious concern over the proposed GST council’s earlier announcement, albeit the official confirmation is not yet happened as per trade sources.

To place it on record, "The proposed GST hike is indicated effective January 2022.

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21st October 2021, Mumbai:

Due to a lack of money, the majority of clothing exporters have requested the government to clear the outstanding RoSCTL amount.

In a letter to M. Ajit Kumar, Chairman, Central Board of Indirect Taxes and Customs (CBIC), Raja M. Shanmugham, President, Tirupur Exporters' Association (TEA), requested him to clear the fund on an urgent basis.

"Despite the weekly timetable for clearing each month's pending RoSCTL amount," Raja stated, "the pending amount has not been credited till today."

He went on to say that the Tirupur knitwear garment export sector, which employs 95 percent of MSMEs, is facing a liquidity crisis as a result of a number of negative factors, including the second wave of COVID-19's impact, and the units' obligation to pay bonus payments to workers for the upcoming Diwali festival.

Given the exporting units' crisis position, we respectfully urge that you intervene and arrange for the outstanding RoSCTL amount to be cleared as soon as possible so that the exporting units may pay their workers' bonuses and meet their financial obligations.

If we receive the return on a priority basis, it will assist the exporting units in overcoming their financial problem and pursuing unit expansion.

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28th October 2021, Mumbai:

Iconix Lifestyle India has acquired India trademark rights for British denim brand Lee Cooper. Iconix is a joint venture unit of Reliance Brands. Now, Reliance Brands will be able to manufacture and distribute Lee Cooper products in India.

Incepted in 1908, with a heritage in denim, Lee Cooper is today a multi-category, dual-gender brand with a presence across 126 countries through 7,000 points of sale. The brand launched in India over a decade ago and caters to men, women, and children. Denim is the main product and contributes nearly 90 percent of the business in bottom wear and around 50 percent in top wear.

Lee Cooper considers the young and the youthful, who exude attitude and confidence at all times, as its core target customers. They look cool without trying too hard. For next season, Lee Cooper is planning to launch a complete range of classic fashion, on-trend fashion and high fashion denim. For women, Lee Cooper introduced more than 10 silhouettes in denim tops.

The brand’s ozone washing technology replaces harmful chemicals with alternative drop-in chemicals, which significantly reduce water and energy consumption making it sustainable for the environment. Lee Cooper’s laser technology to has helped tremendously to replicate the look of traditional denim with minimum effort and time.

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 23rd October 2021, Mumbai:

Actor-politician Kamal Haasan is set to make his foray into the fashion world with the brand ‘House of Khaddar.’ The label aims at putting Indian handwoven fabrics and clothing on the global map and will launch its debut fall edit 2021 designed by Amritha Ram.

Ram has been a constant when it comes to styling Haasan and has styled his looks in many films including his Bigg Boss Tamil 5 looks.

The new initiative aims at putting Indian hand-woven material and clothing on the global map, and Kamal will launch the first collection, the Fall-winter 2021 line, in Chicago this November. The series of clothing is designed by Amritha Ram.

Meanwhile, “House Of Khaddar” launched its official Instagram account and garnered 10,000 followers in no time. It uploaded a number of posts captured during the finals of Bigg Boss season four.

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21st October 2021, Mumbai:

Ganesha Ecosphere, located in Kanpur, has partnered with Applied DNA Sciences (ADNAS), a traceability solutions provider, to use its polymerase chain reaction (PCR)-based DNA synthesis and nucleic acid-based technologies.

Ganesha Ecosphere is India's largest recycled polyester (rPET) producer, with over 300 clients, 250 suppliers, and 500 product variations. Ganesha will use ADNAS' molecular tagging systems to trace the lifespan of its materials as they move through supply networks, in response to rising consumer demand for recycled fiber.

"Traceability has now brought greater authenticity and legitimacy to the whole textile supply chain and is becoming an important component of the recycling process," B.P. Sultania, Joint President of Ganesha Ecosphere, said of the deal.

Applied DNA Sciences, Inc. is a pioneer in DNA production and nucleic acid-based technologies using the Polymerase Chain Reaction (PCR). Ganesha will use Applied DNA's traceability technology, the CertainT® platform, to tag an initial pilot production of rPET in Ganesha's facilities in India and undertake confirmatory samples testing at Applied DNA's laboratories in India and the United States.

The partnership between the two businesses will give brands and textile producers a reliable solution to help them achieve their rPET sustainability objectives and ensure the authenticity of raw materials at every step of the textile value chain.

Ganesha will be allowed to introduce and use CertainT-verified rPET to give raw material assurance to textile and garment clients under the terms of the agreement. Ganesha will also use Applied DNA's recently released SigNature® T-100 tracer technology, which allows the CertainT platform to quantify rPET source material in polyester blends.

The SigNature T-100 is a proprietary molecular-based tracer system that can be used to identify, analyse, and verify rPET, polypropylene, acrylic, and possibly other manmade materials for claims of both identification and quantification of the raw material tagged and spun into yarn for various textile products.

Under the leadership and vision of Chairman Shri Shyam Sunder Sharmma, Ganesha has pioneered the manufacture of rPET fiber and rPET yarn from post-consumer PET bottle trash since starting the rPET industry in 1994.

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28th October 2021, Mumbai:

The new collection from Madame comprises a range of sweatshirts and graphic T-shirts for women of all age groups and is an ode to the fun-filled universe of Bugs Bunny, Daffy Duck, the Road Runner, Sylvester the Cat, and many more characters.

The collection is designed keeping in mind a wide variety of color palettes including Arctic Blue, Italian Clay, French Navy, Lilac, and Sage Flower.

Various retro trends are making a comeback and Madame’s collection helps in creating an easy everyday look that is not just trendy but also connects with the vibe of modern consumers. Madame plans to focus on building franchises across India.

Launched in 1993, Gurugram-based Madame, is a brand for women. Currently, it has over 150 exclusive brand outlets across the country and a presence in 600 multi-brand stores. It also retails online on e-commerce platforms including Myntra and Amazon.

Madame retails western wear and accessories including handbags, footwear, sunglasses, jewelry, and accessories. The brand sells around 11 lakh garments annually. The plan is to continue expansion by focusing on the franchise route. The focus will be on outsourcing much of Madame’s fashion line, though own factories. The growth of own online store will also be a strong focus over the next two years.

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22nd October 2021, Mumbai:

Kankatala Sarees, a South Indian ethnic apparel business, has expanded its retail footprint by launching its first store in New Delhi, the nation's capital.

Handloom sarees from more than 50 main weaving clusters across India will be available at the store. Karisma Kapoor, a Bollywood actress, opened the business.

"From the tiny alleys of Vizag to the Capital of India, the 78-year trip has been amazing," Mallikharjuna Rao Kankatala, chairman and managing director of Kankatala, said in a statement.

We are delighted to announce the opening of our 13th exclusive retail shop in Delhi. We'd like to get the same amount of affection from the people of Delhi as we have from the rest of the country."

"It is a joy for me to open the very first store in North India of a company with a 78-year-old heritage,"

Karisma Kapoor remarked. I was astounded to learn that, since 1943, each Handloom saree has been painstakingly chosen by a Kankatala family member.

I was astounded by the variety of handloom sarees I saw here." With 12 retail branches in the states of Telangana and Andhra Pradesh, the brand has a strong presence in southern India.

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20th October 2021, Mumbai:

19th October 2021, Mumbai: Led by a surge in e-commerce sales, Poddar’s brand FabAlley has witnessed huge growth. The brand expects e-commerce sales to grow by 100-120 percent year-on-year in the current quarter, reveals Poddar. Most of this growth will be led by FabAlley’s ethnic wear brand Indya.

FabAlley has also collaborated with PayalSinghal, a leading Indian designer, to launch affordable collections. In addition, the brand also launched a partnership with actress ShraddhaKapoor, and also successfully launched a mini-collection.

The brand is currently at 480 points of sale and plans to take that number up to 600+ by March 2022. By December 2022, it intends to be at 800-900 points of sale. It plans to close the current year at a GMV of about Rs 300 crore and grow at 70-90 percent next year.

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