18 November 2021, Mumbai:

Around 900 exhibitors from 45 countries, including the organisers of numerous joint stands, have already registered for Techtextil, the leading international trade fair for textiles and nonwovens, and Texprocess, the leading international trade fair for processing textile and flexible materials, beginning from June 21, 2022, in Frankfurt am Main.

The registration status is over 85 percent for Techtextil and over 70 percent for Texprocess based on the last events in 2019, fair organiser Messe Frankfurt said in a press release. With the delay of the fairs until 2022, both will change their cycle of events and shift permanently to even years. The new dates for the subsequent edition have also been set to April 23 to 26, 2024.

“The sector is in motion again and people have a great need to find out about the latest developments and see innovations live. Over the last one and a half years or more since the outbreak of the pandemic, companies have faced a variety of new challenges. Many of the companies have undergone a complete restructuring and, simultaneously, launched a host of innovations.

Now, they want to discuss them with an international audience of trade visitors,“ said Olaf Schmidt, vice president of textiles and textile technologies at Messe Frankfurt.

"Techtextil and Texprocess will provide a look ahead in June 2022. The distortions of the industry due to the pandemic and the commitment to sustainability are directing the focus even more toward flexible, digitally automated, and sustainable production structures. Among other things, these will also be more regional than before," said Elgar Straub, managing director, VDMA Textile Care, Fabric and Leather Technologies. "Adapted technological solutions exist and are increasingly in demand. The high registration numbers show the need for exchange."

Both trade fairs will be held as hybrid events with many supplementary digital services for exhibitors and visitors in addition to the live exhibition and programme of events.

With Sustainability@Techtextil and Sustainability@Texprocess, the two leading fairs will put the spotlight in June 2022 on the sustainability concepts of the companies and organisations taking part. Expert discussions will supplement the subject.

Moreover, a special category of the Techtextil and Texprocess Innovation Awards will honour outstanding achievements relating to sustainability in the sector, the release added.

For the first time, Techtextil and Texprocess will introduce international start-ups for technical textiles and textile processing on a special area supplementing the popular ‘Young Innovative Companies from Germany’ area supported by Germany’s federal ministry of economic affairs, which spotlights companies based in Germany that have been on the market for a maximum of 10 years.

Additionally, young people in the textile sector can benefit from the Texprocess Campus with its presentations by universities and other institutes of higher education.

In 2022, Techtextil and Texprocess will be held for the first time in the western section of the Frankfurt fair and exhibition center with halls 8, 9, 11, and 12. With regard to the applicable hygiene regulations, Messe Frankfurt will maintain close contact with the relevant authorities in order to ensure the best possible protection of exhibitors and visitors at all times.

With the Techtextil and Texprocess Forums, visitors to both fairs can look forward to highly topical and multi-faceted insights into a wide variety of subjects throughout the two events.

The Techtextil and Texprocess Innovation Awards will also be given for outstanding new developments in the fields of technical textiles, nonwovens, and functional apparel textiles, as well as technologies and methods for processing textiles and flexible materials. Fibre2Fashion

(The news article has not been edited by DFU Publications staff)

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

02 November 2021, Mumbai:

Robert Chatterton Dickson, the British high commissioner in Bangladesh, recently urged for more ease of doing business in order to attract more private sector investment, which he believes is necessary to maintain the country's growth pace.

TheFinancialExpress

Investors, he added, want to see improvements in the ease of doing business ranking, which he described as competitive. Dickson was speaking at a Diplomatic Correspondents' Association of Bangladesh meeting in Dhaka.

He praised Bangladesh's excellent economic progress, but warned that as the nation moves from LDC to middle-income status, it would confront new obstacles, according to Bangladesh media.

He stated that if all nations step up their efforts, the next climate change summit in Glasgow would be successful in mobilizing the $100 billion climate fund, which will play a vital role in alleviating the detrimental effects of climate change on vulnerable countries like Bangladesh.

Bangladesh's British High Commissioner, Robert Chatterton Dixon, recently chose to get into business in order to promote more private sector investment in nations where he believes prosperity can be sustained.

More mitigation has been requested. Investors would like to see an increase in the ease of doing business rankings, he added, calling such an investment competitive.

If all nations step up their efforts at the Climate Change Summit in Glasgow, the conference will be able to create a $100 billion climate fund to help vulnerable countries like Bangladesh cope with the impacts of climate change. He stated that it would play a significant part in the aforementioned.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

29th October 2021, Mumbai:

A first-ever pathbreaking research-based endeavor in Bangladesh for serving the interest of the export-oriented RMG industry. A digital 1st transparency mechanism aimed at attaining greater accountability for the sector turns the wheel of the economy for this nation.

By mechanism, the signature of this 'Evidence-based decision-making tool' is designed for sector multi-stakeholders. It is net net," A collaborative, participatory and concerted action approach with one of its kind noble initiative involving inclusively 'public and private governance entities' in complete alignment to government close to heart stated mission “Digital Bangladesh Vision 2021”.

Putting the partnership in quick perspective," The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is one of the largest trade associations in the country representing the readymade; while BRACU is accredited by the University Grants Commission (UGC) and approved by the Ministry of Education, Government of Bangladesh.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

18 November 2021, Mumbai:

President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan recently said it is crucial for the country’s apparel industry to upgrade technology to remain competitive in the global market.

"Use of modern technologies, tools, and software are predominant when it comes to enhancing productivity and quality," he said.

He was addressing a webinar titled ‘AI & Robotics: Global Implication of Artificial Intelligence" in Dhaka. The webinar was organised as part of the World Congress on Information Technology, held between November 11 and 14 in the capital.

Hassan said technological innovations are imperative to make businesses sustainable as well, according to a BGMEA press release.

He said automation and technology up-gradation would not adversely affect employment as all the processes required to make a garment cannot be replaced by machines.

Fibre2Fashion

(The news article has not been edited by DFU Publications staff)

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

01 November 2021, Mumbai:

Uniqlo India Private Limited narrowed its losses by 43% to Rs 36 crore ($4.8 million) in the fiscal year 2020-21, thanks to an 83 percent increase in revenue to Rs 239 crore. Business Line

During the financial year 2019-20, the firm had a revenue of Rs 128 crore. According to a Businessline story citing statistics from business intelligence platform Tofler, Uniqlo's overall costs for the fiscal year were Rs 275 crore, up from Rs 192 crore the previous fiscal year.

"It was intended to start off and have online e-commerce on board during the financial year under review in order to scale up the business and cater to a larger customer base, which would be prospectively advantageous to the overall interest of the company," the company said in its regulatory disclosure.

Uniqlo, a Fast Retailing brand, initially entered the Indian market in October of this year. It presently has six locations in the Delhi NCR area and wants to expand its retail footprint by building outlets in Mumbai.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

29th October 2021, Mumbai:

MINDD, as in specialized bra-making company engaged in engineering for the D+ woman, confirms teaming up with the world's largest & arguably most profound intimate specialty brand, Victoria's Secret, the US as its proud exclusive retailer.

MINDD historically was founded by Helena Kaylin, who incidentally happened to have worked in her earlier avatar started her two-decades-long with intimates biggie Victoria's Secret. Where in her role & responsibility she was mandated with the task of driving the brand's innovation, sustainability, and efficiency side of the company in the design of bras universe.

To be informed that," In the backdrop, the duo started to have been working closely together since months, and already a collection of Mindd bras entailing such as 'seamless underwear', bodysuits, etc. is presently featuring digitally through Victoria's Secret "Brands We Love" tab and this partnership is a consolidation of their association.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

17 November 2021, Mumbai:

Indian High Commissioner to Bangladesh Vikram K Doraiswami on Tuesday said that India would be very happy to have more trade with Bangladesh through easier and more simplified procedures.

‘We can expand trade by utilising land ports, railways and riverine routes improving infrastructures and facilities,’ he said while addressing a meeting in Rangpur as the chief guest. Rangpur Chamber of Commerce and Industry organised the meeting on ‘Bangladesh-India Bilateral Trade and Commerce Issues’ at RCCI auditorium in the metropolis.

Senior vice-president of Federation of Bangladesh Chambers of Commerce and Industries and former President of Bangladesh Chamber of Commerce Mostafa Azad Chowdhury Babu was present as the guest of honour.

Assistant High Commissioner of India in Rajshahi Sanjeev Kumar Bhati attended the meeting as the special guest while RCCI President Mostafa Sohrab Chowdhury Titu was in the chair. Mostafa Azad Chowdhury Babu presented a keynote paper on various issues, problems and obstacles to bilateral trade between Bangladesh and India at the event.

Dinajpur Chamber President Reza Humayun Faruk Chowdhury Shamim, President of Burimari Land Port Importers’-Exporters’ Association and Clearing and Forwarding Agents’ Association Md Sayeduzzman and General Secretary of Sonahat Land Port Importers’-Exporters’ Association and Clearing and Forwarding Agents’ Association Abdur Razzaque talked about various obstacles to bilateral trade between Bangladesh and India.

They said due to tariff and non-tariff barriers imposed by the Indian state governments concerned on major export products of Bangladesh, it was not possible to conduct the desired export activities in India.

They requested the Indian High Commissioner to keep the Indian Customs Offices open from 7 am to 7 pm to facilitate the unloading of goods from trucks and create a conducive business environment at land ports in Rangpur division.

The Indian High Commissioner termed the issues raised by business leaders as complex and said that there are problems in terms of the totality of the trade regime that governs India-Bangladesh trade.

‘Due to inadequate infrastructures and facilities at land ports and regulatory provisions governing our trade, bilateral trade is still very restricted,’ he said.

The major trade between Bangladesh and India is currently happening through the Benapole-Petrapole land port having modern infrastructures, facilities and warehouses. India wants to expand Hili and Changrabandha land ports with improving infrastructures, roads, warehouses and other facilities to enhance bilateral trade.

‘Although the management of international trade is a function of the central government of India, land ports are being managed by the respective state governments,’ he said.

‘We want to expand these two land ports. Trade is encouraged through these two land ports. That is currently not happening,’ he said, and sought cooperation from Bangladesh in encouraging the opening of more land ports.

‘The Bangladesh-Bhutan-India-Nepal Motor Vehicles Agreement was signed in 2015. We could not be able to conclude its operation protocol,’ he added.

‘There is no problem from the Indian side. If we can conclude the BBIN MVA protocol, Bangladesh will benefit much more than India,’ he said.

Doraiswami said that India was very keen to welcome more Bangladesh garments in India. India has already offered a reciprocal arrangement in which India will supply cotton, fibre and fabric and in return, Bangladesh will supply the finished products to India.

‘It will ensure greater access of Bangladesh to the Indian market. It makes great sense for us to import more from Bangladesh, especially garments and food products,’ he added.

NewAge Business

(The news article has not been edited by DFU Publications staff)

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

01 November 2021, Mumbai:

The Danish Embassy in Bangladesh, the Kingdom of the Netherlands Embassy in Bangladesh, and PUMA have renewed their commitment to the IFC's Partnership for Cleaner Textile (PaCT II) programme to help Bangladesh's readymade garments (RMG) sector decarbonize.

Bangladesh's RMG industry, which is currently the world's second-largest, needs to recover faster from COVID-19's effects and increase sustainability and global competitiveness.

The Danish government has allocated an additional $3.19 million to RMG sector-wide efforts through the Danish International Development Agency (DANIDA). "The recent UN IPCC report on climate change has urged us once again to take climate action immediately to keep the world average temperature well below 2oC," stated H.E. Danish Ambassador to Bangladesh Winnie Estrup Petersen. The apparel business accounts for around 10% of world emissions."

Through PaCT's advising services, German company PUMA is ramping up its efforts in Bangladesh to decarbonize its supply chain. "At PUMA, we are dedicated to climate action in accordance with the United Nations' Sustainable Development Goals and Science-Based Target Initiative. "We're decreasing our carbon footprint not just in our own operations, but also in our supply chain," said Veronique Rochet, PUMA's Senior Head of Sustainability.

In order to assist Bangladesh to become more sustainable, PaCT also encourages cleaner manufacturing and green growth in the RMG sector, she stated.

At the signing ceremony, Paula Schindeler, Deputy Ambassador of the Kingdom of the Netherlands in Bangladesh, said, "The Netherlands Embassy, a long-standing partner of Bangladesh, is delighted to continue to assist Bangladesh's RMG sector in its sustainability efforts and address efficient resource use through the IFC-PaCT Program."

Because Bangladesh is a key sourcing market for us, the PaCT Program assists our supplier factories in reducing resource consumption and environmental effect, she noted.

PaCT is also extending its activities as a result of a grant arrangement with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to promote the sector's backward connections and product diversification in order to improve exports.

"To become more robust and adapt to altering global demands, the Bangladesh RMG industry must discover new methods to conduct business." At this time, fibre diversity, an online marketplace, and a post-COVID sustainable path for Bangladesh's RMG business are all important study subjects.

Mr. Faruque Hassan, President of the BGMEA, stated, "We are grateful to IFC for their support in conducting this research, which will help the industry shape its strategy."

"IFC's PaCT programme has already achieved impressive results," said Tuyen Nguyen, Asia Regional Lead for Manufacturing Advisory, "618,779 metric tonnes of greenhouse gas avoided per year, which is equivalent to removing 134,572 passenger vehicles from the road annually, and water savings of 27,637,931 cubic meters per year, which is equivalent to meeting the water needs of 1.5 million Bangladeshis per year."

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

18th October 2021, Mumbai:

UNIQLO is a clothing apparel company, which was originally founded in Yamaguchi, Japan in 1949 as a textiles manufacturer.

Interestingly what has clearly supported the cause of Fast Retailing, owing fashion giant Uniqlo, China, and Asia-Pacific markets have conspicuously helped offset the not so strong its home Japanese market demand.

Its earnings to rise by 3% to hit another record high of 175 billion yen ($1.54 billion) in the year ending next August, is a good sign for this global group. Everything went from favorable revenue to rise by a similar extent to 2.2 trillion yen over the corresponding period.

What is reassuring is that Online numbers have also been in line with street expectations, with sales hiked by encouraging 20 percent in the period in question.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

09 November 2021, Mumbai:

Gucci Changemakers North America, powered by Gucci Equilibrium, said on Friday that applications for the third cycle of its award and scholarship programme are currently being accepted.

The Changemakers Impact Fund for non-profit organizations, as well as the Gucci Scholars programme for graduating high school seniors, undergraduate and community college students, were both introduced in 2019 as part of the worldwide Changemakers financing initiative.

The Gucci Changemakers Impact Fund will provide 12 NGOs $50,000 one-year grants in 2022, while the Gucci Changemakers Scholarship Program will award up to ten students a $20,000 one-year scholarship depending on financial need.

Over $2.5 million has been committed thus far as part of a multi-year commitment. Sista Afya Community Center in Chicago, ProjectArt New Orleans, and Weird Enough Productions in Atlanta were among the 2021 beneficiaries.

Scholarship recipients such as Matthew Williams, who attends Kent State University, hopes to establish a learning arts center for youth, while Yetunde Sapp, who attends Parsons School of Design, founded SLAChouz, a BIPOC artist residence, and content house, thanks to support from the Gucci Changemakers Scholars programme.

Gucci Changemakers has collaborated with writer, producer, and director Sage Dolan-Sandrino, co-director Kam, and cinematographer Chance Chamblin to create a film articulating the importance and power of art and creativity as revolutionary tools for radical change, which will be voiced by Gucci Changemakers scholars and youth community members.

Last week, the Changemakers Summit, which followed the brand's Love Parade runway show on Hollywood Boulevard, highlighted the second phase of its programmes and the opening of applications.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

30th October 2021, Mumbai:

J.C. Penney Corporation, Inc., an American retail company, was founded in 1902 by James Cash Penney and is today engaged in marketing apparel, home furnishings, jewelry, cosmetics, and cookware, etc. Bloomberg

JCPenney a celebrated global retailer hires Marc Rosen as chief executive officer (CEO), effective November 1, 2021. Marc boast of bringing on board more than two decades of vast retail and e-commerce expertise, to be informed he has most recently served as executive vice president cum president of Levi Strauss, US Mark has hands-on expertise & is well nuanced in e-commerce and retail side of the business.

JCPenney has charted a course of strengthening/ consolidating its omnichannel footprints, experience by seeking direct customers insights.

Marc Rosen very emotionally reacting to his appointment states“I was humbled by the opportunity to lead this prestigious brand".

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

15th October 2021, Mumbai:

Quite recently apex Bangladesh clothing trade body, The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have appealed & exhorted the government to look at seriously at this juncture measures to help workers with re-skilling, upskilling, new-skilling to cope up with fast-changing global trade landscape & reading the insightful trade, more particularly in the light of the Fourth Industrial Revolution (4IR).

BGMEA’s president Faruque Hassan is also believed to have pleaded & requested the ministry of labour and employment to work out efficiencies ways & means to use the central fund aiming at improving the business environment giving the right impetus to this sector post-Covid.

The timing is apt when Bangladesh needs to move the needle to get into the next growth phase to keep the flag flying.

Besides re-looking at the overall business environment both back home and emerging global trade dynamics in the RMG industry. There is a need to overhaul workplace safety and sustainable compliances in response to emerging regulatory challenges pandemic has thrown in the new paradigm.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage