08 December 2021, Mumbai:

With a view to encourage the Trade & Industry of South Gujarat region and promoting the Brand ‘SURAT’ by highlighting the strength of Textile Sector of Surat, The Southern Gujarat Chamber of Commerce & Industry is once again organizing SITEX 2022 – Surat International Textile Expo with an aim to

• Provide an excellent opportunity to the Manufacturers, Dealers, Wholesalers and Retailers of the Textile Industry to showcase their wide range of products & services related to Textile industry and Industry experts to discuss about the latest market innovations,

• Provide lucrative business opportunities to the Business leaders, Corporates, Manufacturers, Entrepreneurs, Buyers & Sellers in the respective industry and expand their business in the world,

• And provide them a chance to capitalize on their expertise, diversify or expand their operations in the existing market.

Source: https://sitex.sgcci.in/

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DAILY NEWS:

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

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

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

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

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

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06 December 2021,  Mumbai:

The company, one of the leading manufacturers of soda ash, had initiated the process of carving out its textiles business into GHCL Textiles Ltd, in order to segregate both businesses and to have two separate listed entities with mirror shareholding.

Chemicals major GHCL Ltd on Monday said it is divesting its home textiles business to Indo Count Industries Ltd for Rs 596 crore.

The company, one of the leading manufacturers of soda ash, had initiated the process of carving out its textiles business into GHCL Textiles Ltd, in order to segregate both businesses and to have two separate listed entities with mirror shareholding.

"In the interim, GHCL has got an opportunity to unlock the value of its home textiles business (HT business), not being its strategic growth area, by divesting the same to Indo Count Industries Ltd (Indo Count),” the company said in a regulatory filing.

GHCL said it expects to "realise a consolidated sum of Rs 596 crore from the divestment of its HT business”.

As part of the deal, the transfer of HT business will be made for a consideration of Rs 539 crore, of which fixed consideration is Rs 340 crore and the balance Rs 199 crore is towards net realisable current assets (subject to certain adjustments in accordance with the business transfer agreement to be paid by Indo Count to GHCL), the filing added.

Further, GHCl said that in line with the group’s decision of a complete divestment of HT business, its US-based subsidiary Grace Home Fashions LLC (GHF) has also entered into an Asset Transfer Agreement (ATA) for transfer inventory and intellectual property to Indo Count Global Inc, USA, a US subsidiary of Indo Count for Rs 37 crore.

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

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DAILY NEWS:

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

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03 December 2021,  Mumbai:

The 23 e-commerce sites that were engaged to promote e-marketing of handloom products including India Handloom Brand (IHB) have clocked a total sales of Rs 134.35 crore as on October 31. This was informed by minister of state for textiles Darshana Jardosh in a written reply in the Rajya Sabha on Friday.

IHB was launched for branding and promotion of high quality, niche handloom products with zero defects and zero effect on the environment. 1714 registrations have been issued as on 31.10.2021.

In order to promote e-marketing of handloom products including IHB products, 23 e-commerce entities have been engaged. Total sales of Rs. 134.35 crore have been reported by these e-commerce portals as on 31.10.2021. IHB registered holders are also facilitated for participation in domestic and international marketing expos/events for brand promotion, the minister informed the Rajya Sabha.

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

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DAILY NEWS:

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

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08 December 2021, Mumbai:

REAFFIRMED ITS POSITION AS A SUSTAINABILITY LEADER!

High Fashion Group was awarded the “TENCEL™ Strategic Partnership Award, China” from the Lenzing Group for its continuous contributions to sustainability and social responsibility.

Following last year’s success in obtaining the Global Recycled Standard (GRS) Certificate, and becoming an official partner of bluesign® system and OEKO-TEX® previously, High Fashion Group’s sustainability efforts were once again recognized by the global fashion industry.

As a long-term strategic partner of the Lenzing Group, High Fashion Group has joined hands with TENCEL™️ brand for a number of sustainable and innovative projects, ranging from innovative fabrics to sports fashion, leading the industry to sustainable consumption.

Lenzing fibers are biodegradable and that are derived from sustainable wood sources – sustainably managed forests. TENCEL™️ branded lyocell and modal fibers, TENCEL™️Lyocell with REFIBRA™️ technology, and LENZING™️ ECOVERO™️ branded viscose fibers by Lenzing have been used in the group's garment production to not only increase product functionality and texture, but also embrace sustainability for environmental protection.

Mr Will Lam, CEO of High Fashion Group, said, “Thank you Lenzing Group for supporting us throughout the sustainability journey. This award reflects our commitment to become a leader in sustainable fashion. Other than using a range of green fibers in our garment production, we also adapt different innovative green technologies in our manufacturing sector in order to save energy, water and electricity for a more sustainable supply chain.

”High Fashion Group will continue to embed sustainability into its core strategy and daily operations, including green R&D, green manufacturing, green operation and green products, providing more safe and eco-friendly products to the customers across the globe. The group looks forward to working on many more sustainable projects with the Lenzing Group, creating a circular economy for the fashion industry!

About High Fashion Group

Headquartered in Hong Kong and with branches all around the world, High Fashion Group is a leading manufacturer in the fashion industry that highly values corporate social responsibility and strives to lower our impact on the environment by acquiring different world-renowned green certifications. It acts as a modern and innovative enterprise focusing on green production by integrating R&D on recycled and cellulosic fibres. It has also invested heavily in developing green facilities, including the solar power system and wastewater treatment system in Hangzhou.

About Lenzing Group & TENCEL™

The Lenzing Group stands for ecologically responsible production of specialty fibers made from the renewable raw material wood. As an innovation leader, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments. TENCEL™ brand, a textile fiber brand portfolio under The Lenzing Group, defines a new evolutionary step in terms of sustainability, functional benefits, natural comfort and caters for distinctive everyday usage or application.

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.

DAILY NEWS:

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

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

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

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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04 December 2021,  Mumbai:

Industry watchers say in the last one month, moderate or the maximum average price of the Kharif produce was about ₹9,500 per quintal

The sudden dip in the global demand due to the pandemic scare and poor quality of raw cotton in areas of Punjab has lowered rates of the Kharif crop by up to ₹1,500 quintal in the last two weeks.

But farmers continue to get much above the minimum support price (MSP) of ₹5,925 per quintal.

Industry watchers say in the last one month, the moderate or the maximum average price of the Kharif produce was about ₹9,500 per quintal. It means 70% of the crop was purchased at around ₹9,500 and nearly 10% of the best quality product was sold even higher than ₹9,500. And nearly 20% was sold below the moderate due to poor quality.

However, the moderate of cotton in the last 10 days remains static at about ₹8,000 per quintal.

According to the Punjab Mandi Board data, 9.57 lakh quintal of cotton was purchased in the state till Saturday. Of that, only 5,545 quintal produce was bought by the private players below MSP.

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

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DAILY NEWS:

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

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03 December 2021,  Mumbai:

Pacific Mall Dwarka, through its unique initiative ‘Face of Dwarka’, honoured the citizens of Dwarka who have been selflessly making a significant contribution towards the development of region.

The twelve people selected for the gratification and honor came from different walks of life but had one thing in common, their continuous and dedicated efforts to make the city orderly and lively.

SDM Dwarka Mr. Pankaj Roy Gupta was Chief Guest of the event while Bollywood actress Minissha Lamba attended Face of Dwarka as the celebrity guest.

The 12 personalities honored by the mall included Piyush Mohanty (SDM Headquarters & SDM DDMA South-West Delhi), Daisy Ahuja & Yashika Gandhi (Dwarka Connect Community),Jayesh Doshi (Patel Community, Dwarka), Ajit Swami & Robin Sharma (ADRF, Dwarka Community), Kajal Chanana (Dwarka Moms Community), Air Vice Marshal Rajiva Ranjan (Sekhon Vihar RWA Community), Dr. Meinal Choudhary (Director- Akash Healthcare), Dr. RK Tandon (Chairman, Kamal & Trinity Educational Institution) Chandeep Bharara (Wing Cdr- Air Force & Naval Officers Encalve, RWA Community), Amog Lila Das (Vice President, Iskcon Dwarka Community) Mini George (ANHLGT Community, Dwarka) & Vishal Gupta (Radio Dwarka).

Abhishek Bansal, Executive Director, Pacific Group said, “We always give priority to social values in our initiatives and try to connect the people of Dwarka with their surroundings.

Face of Dwarka is an initiative planned so that the people of the city can get to know and recognize the unsung heroes whose contribution makes Dwarka a safe, organized and ideal region to reside.”

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

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DAILY NEWS:

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

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06 December 2021,  Mumbai:

It is learned that while questioning Biyani, officials carried out cross-verification of a slew of documents including the emails and correspondence between Future and Amazon before and after they entered into a commercial pact two years ago.

Future Group founder and chief executive officer Kishore Biyani appeared before the Enforcement Directorate (ED) here on Monday in connection with a 2018 deal with Seattle-based Amazon.com Inc, as part of its probe into possible violation of forex rules.

Biyani arrived at the central agency's Khan Markt headquarter shortly before his scheduled appearance time of 11 am, said a person privy to the developments.

This follows summons by the ED to the Future Group's management including its chief executive officer Bayani on November 26, seeking to produce documents and record statements under the Foreign Exchange Management Act (FEMA).

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

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DAILY NEWS:

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

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04 December 2021,  Mumbai:

The Confederation of All India Traders (CAIT) on Sunday said it is "most unfortunate and regrettable that several Indian states have entered into memorandum of understandings (MOLIS) or agreements with e commerce giant Amazon for selling products of government agencies.

Such MOUs are strongly contradicting "Aatmanirbhar Bharal" and "Vocal for Local" campaign initiated by Prime Minister Narendra Modi, the CAIT said.

The traders body said it is writing to chief ministers of all states in this regard, and subsequently meeting them.

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

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DAILY NEWS:

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

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01 December 2021,  Mumbai:

With a view to attract investment, boost employment generation and position itself strongly in the global textile market, the Government has approved setting up of 7 (Seven) PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites including plug and play facility with an outlay of Rs. 4445 cr for a period of seven years upto 2027-28.

The salient features are:- (i) Willing state governments to have ready availability of contiguous and encumbrance-free land parcel of 1000+ acres for being eligible. (ii) It is envisaged to be on Public Private Partnership (PPP) mode. (iii) there is a provision of Development Capital Support (DCS) @30% of the project cost with a maximum support of ₹ 500 Cr and ₹200 Crore per park for Greenfield and Brownfield PM MITRA Park respectively.

The DCS is for creation of Core Infrastructure. (iv) There is provision of Rs. 300 Cr. per park for incentivizing the industries to set up their units in the park. There is a provision to use 10% of the park’s area for Commercial Development (CD) and revenue stream from CD may help maintenance of common assets and facilities.

The selection of sites will be by way of challenge method with weightage of parameters for examples connectivity, power infrastructure, water and waste water disposal system, Industry Friendly labour laws, Single Window Clearances, Stable and Conducive industrial/textile policy of the state. States like Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed interest so far.

Government of India is implementing the Scheme for Integrated Textile Park (SITP) which provides support for creation of world-class infrastructure facilities for setting up of textile units. Government grant upto Rs. 40.00 crores per park is released in instalments, subject to the progress achieved in creation of infrastructure and common facilities.

Out of 56 Textile Parks approved/ sanctioned, 24 parks have been completed as per scheme guidelines. In these parks, a total of 1757 units are operational, and Rs.12470 crs(approx) of investment have been mobilized and have generated 95644 employment till date.

This information was given by Minister of State for Textiles Smt. Darshana Jardosh in a written reply in the Lok Sabha today.

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

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DAILY NEWS:

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

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06 December 2021, Mumbai:

In a significant verdict, the Supreme Court Monday upheld the validity of certain Guidelines on Merchanting Trade Transactions (MTT) of RBI denying letter of credit for exporting PPE kits during COVID-19 pandemic, saying democratic interests which secure the welfare of masses cannot be "judicially aborted" to preserve "unfettered freedom" to do business of the few.

The bench of Justices Chandrachud, Justice Vikram Nath, and Justice BV Nagarathna dismissed the appeal of a director of a firm that trades in pharmaceuticals that his company was prohibited from acting as an intermediary by importing PPE kits from China to export them to the US.

It was alleged that trade restrictions of the RBI amounted to a violation of the fundamental right to freedom to trade and business guaranteed under Article 19(1)(g) of the Constitution.

Dismissing the plea, the verdict said, "This Court must be circumspect that the rights and freedoms guaranteed under the Constitution do not become a weapon in the arsenal of private businesses to disable regulation enacted in the public interest.

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

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DAILY NEWS:

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

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04 December 2021,  Mumbai:

India's household goods salesmen have threatened to disrupt supplies to mom-and-pop stores if consumer companies provide products at lower prices to Reliance Industries (RELI.NS), according to a letter seen by Reuters.

Reuters reported last month Indian salesmen representing companies such as Reckitt Benckiser , Unilever (ULVR.L) and Colgate-Palmolive (CL.N) said their sales had dropped 20-25% in the last year as mom-and-pop stores were increasingly partnering with Indian billionaire Mukesh Ambani's Reliance.

Ambani's deeply discounted offerings were prompting more stores to order digitally from his JioMart Partner app, posing an existential threat to more than 450,000 company salesmen who for decades served every corner of the vast nation by going store-to-store to take orders.

Citing the Reuters story, the All India Consumer Products Distributors Federation - which has 400,000 members - has written to consumer companies demanding a level playing field, saying they must get products at same prices like other big corporate distributors such as Reliance.

If the pricing-parity demand is not met, the group said in its letter, its salesmen will stop distribution of products to mom-and-pop stores, and will also not supply newly launched consumer goods if such partnerships continue beyond Jan 1.

"We have earned reputation and goodwill amongst our retailers by giving them good service for many years ... We have decided to call it a 'Non-cooperation' movement," said the letter.

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

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DAILY NEWS:

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

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01 December 2021,  Mumbai:

Textiles, Commerce and Industries Minister and Chairman of MEETAC Thongam Biswajit Singh today called upon the artisans of the State to export more products outside the State in order to enhance their livelihood.

The Minister was speaking at the closing function of a two week long workshop on Strategic Design Intervention for New Product Development and Production Capability Enhancement for Manipur Crafts which was held at the Imperial Hall, Hotel Classic Grande, Chingmeirong.

Thongam Biswajit Singh expressed gratitude to all the artisans and craftsmen for coming out and participating in the workshop. He asserted that MEETAC will help in standardizing and upgradation of the products to the international level.

Th Biswajit further stated that MEETAC has provided aid in developing traditional crafts design, which will also help in enhancing the production capabilities.

He said that MEETAC has helped in preserving the dying traditional crafts and designs and also in uplifting the economic status of artisans and craftsmen.

The Minister stated that MEETAC aims at promoting inclusive growth by developing traditional crafts/arts sector of Manipur as per global standards and making it an important spoke in the wheel of economic activities.

As the artisans and craftsmen have attended the workshop and gained knowledge, the Minister called upon them to export more products to enhance their livelihood. He also encouraged the artisans and craftsmen to apply for MUDRA loan.

The Minister then lauded the designers from NID in sharing their experience. As a part of the closing function, Biswajit also inspected stalls which displayed 144 various new products made during the workshop. Later certificates were also distributed to all the participants.

The workshop was organized by Mission for Economic Empowerment of Traditional Artisans and Craftsman (MEETAC).

Mission for Economic Empowerment of Traditional Artisans and Craftsmen (MEETAC) is an autonomous society under the Department of Textiles, Commerce & Industries.

The closing function was also attended by Michael Achom, Secretary TCI; Vijay Singh Katiyar, Project Head, NID; CS Susanth, Principal Designer NID and Elangbam Nirmala Chanu, Director (Training & Extension), MEETAC, among others.

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

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DAILY NEWS:

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

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