Lenzing has collaborated with Tahweave in producing Elements, an everyday chic and casual women’s wear collection inspired by elements of nature.

The collection has been created entirely by Tencel branded fibers originating from sustainably managed forests and produced with low environmental impact.

The collection uses renewable and biodegradable materials and takes inspiration from various elements of nature-- the earth, fire, forest, and water. Featuring light and flowy ready-to-wear pieces, the collection features a color story with shades of blue, green, peach, and red with the essence of some sheerness that creates a comfortable yet chic look.

Tahweave, based in Kolkata, is a handcrafted clothing brand that opened in 2017. Tahweave mostly deals with everyday chic yet casual, easy-breezy women’s wear like kurtas, dresses, tops, overlays, jumpsuits.

The aim is to offer affordable and comfortable organic clothing perfectly suited for a tropical country. The Lenzing Group stands for the 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. Lenzing’s high-quality fibers form the basis for a variety of textile applications ranging from elegant women’s clothing to versatile denim and high-performance sports clothing.

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25 November 2021, Mumbai:

Consolidated net profit grew to ₹31.24 crores for the Sept quarter Loyal Textile Mills (LTM) has become a zero-debt company after repaying its loan outstanding of more than ₹50 crores, supported by a better operating environment.

“We had a term loan outstanding of ₹52.98 crores as of March 31, availed from banks and financial institutions. We have repaid entire term loans this month, including payment of ₹27.59 crores in advance. Now, our company has reached the status of zero debt company (term loan),” the company said in a communique to the stock exchanges.

“Loyal Textile Mills had consistently reduced the term loan obligations over the last few years with no major debt-funded capital expenditure. As a result, the overall gearing improved, however, it stood moderate at 1.52x as on March 31, 2021, against 1.81x as on March 31, 2020,” said a recent report by CARE Ratings.

Net profit

The company reported a significant increase in its consolidated net profit at ₹31.24 crores for the quarter ended September 30, compared with the consolidated net profit of ₹6.18 crore in the year-ago quarter on the back of strong growth in revenues. Consolidated revenues grew 71 per cent at ₹460.90 crore( ₹269.48 crore).

The improved growth prospects for the textile industry post the first wave of the pandemic, with the increased demand for cotton textiles, are driving growth for companies like LTM.

“In view of the improved operating environment, LTM has been reporting healthy profits in recent quarters and is expected to remain so in the near terms. The profits have been used towards debt reduction, with prepayment of debt as well,” said the report.

Oldest mill in South

LTM is one of the oldest mills in South India having more than seven decades of track record with an established presence both in international and domestic markets. The company has four textile mills, one process house, and a garment division.

It generates more than two-thirds of sales from export markets, which include the US, Europe, West Asia, and Asia. In 2020-21, exports accounted for 72 percent of its revenue from operations of ₹1,122 crores.

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

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22 November 2021, Mumbai:

Experts said though there is a provision in GST law to claim the unutilised Input Tax Credit (ITC) as a refund, there were other complications and resulted in more compliance burden. The inverted tax structure caused an effective increase in the rate of taxation of the sector.

The finance ministry has notified uniform 12 per cent GST rate on manmade fibre (MMF), yarn, fabrics and apparel, thereby addressing the inverted tax structure in the MMF textile value chain.

Currently, tax rate on MMF, MMF yarn and MMF fabrics is 18 per cent, 12 per cent and 5 per cent, respectively.

The taxation of inputs at higher rates than finished products created build up of credits and cascading costs. It further led to accumulation of taxes at various stages of the MMF value chain and blockage of crucial working capital for the industry.

ET

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 29 November 2021, Mumbai:

Amazon has asked India's antitrust regulator to revoke its approval for Future Group's $3.4 billion sales of retail assets to Reliance NSE 2.39 %, saying it was "illegally obtained", violating an order suspending the deal, a letter seen by Reuters shows.

The approval for the deal was a "nullity in the eyes of law" as an arbitrator's order was still in force, according to the letter sent by Amazon.com Inc to the Competition Commission (CCI) last week.

The battle between two of the world's richest men, Amazon founder Jeff Bezos and Reliance Industries Ltd (RIL) boss Mukesh Ambani marks a contest for preeminence in India’s booming, nearly trillion-dollar retail market.

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

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25 November 2021, Mumbai:

Bringing the technical textile industry together after a two-year span, Techtextil India 2021 opened in Mumbai today and was inaugurated by key industry and government figures.

The trade fair aims to showcase the future potential of technical textiles backed by a series of knowledge sessions, live product demos and B2B networking opportunities.

Reconnecting the technical textile value chain for the very first-time post-lockdown, Techtexil India 2021 has kicked off in Mumbai. The aim of show organiser Messe Frankfurt India through the new edition is to promote industry unification and support business recovery across the value chain of technical textiles.

The high-profile event held at Bombay Exhibition Centre was inaugurated by:

• Shri Ajit Chavan, Secretary - Textiles Committee, Ministry of Textiles, Government of India
• Mrs Marja Einig, Deputy Consul General, German Consulate General Mumbai
• Mr Amit Agarwal, Chairman, Indian Technical Textiles Association (ITTA)
• Mr Avinash Misar, Vice chairman, Indian Technical Textiles Association (ITTA)
• Mr Anup Rakshit, Executive Director, Indian Technical Textiles Association (ITTA)
• Mr Robin Kapoor, CEO & MD, PARK Nonwoven
• Mr Pramod Khosla, MD & Chairman, Khosla Profil Pvt Ltd
• Mr Raj Manek, Executive Director and Board Member, Messe Frankfurt Asia Holdings Ltd

Addressing the industry at the inauguration, Shri Ajit Chavan, Secretary - Textiles Committee, Ministry of Textiles, Government of India shared: “The government of India’s policies are completely catered towards the growth of technical textiles. We have a target of INR 2 Lakh Crore in the country and the Indian industry is geared up to achieve that market potential.

As a country, we have a great lot of scope in agrotech and medtech, while we have always been at the forefront of packtech, geotech and other high-technology areas.”

Commenting on the policies, he added: “The PLI scheme will be a major fillip in manufacturing of technical textiles and the textile parks will provide integrated linkages with the technical textile value chain.”

Elaborating on Germany’s participation at the fair, Chavan also said: “Techtexil India is a great platform for bringing the technical textile stakeholders together. Despite the pandemic related difficulties, I am happy to see Germany participating in this important fair and I am sure that they will find good business and collaborations between Indian entrepreneurs and German industries.”

Weavetech Engineers, Lenzing Fibers India Pvt Ltd, Khosla Profile Pvt Ltd, Lucky International, Meera Industries Ltd, Park Non-Woven Pvt Ltd, Sarex Chemicals, Alok Masterbatches Pvt Ltd, SICAM and Suntech Geotextile Pvt Ltd are some of the leading Indian companies participating in the 2021 fair.

One of the key highlights of Techtextil India is the special showcase of German technology at an exclusive German pavilion, featuring some of the top technical textile manufacturers from the country, such as Autefa Solution Germany GmbH, DILO Systems GmbH, Emtec Electronic GmbH, Georg Sahm GmbH & Co, Karl Mayer Verwaltungsgesellschaft mbH, Merz Maschinenfabrik GmbH and Oerlikon Barmag Zweigniederlassung der Oerlikon Textile GmbH & Co.

Being a part of the first post-pandemic edition, Mrs Marja Einig, Deputy Consul General, German Consulate General Mumbai, shared: “Messe Frankfurt India has made it happen!

This is the first time after the pandemic that we are hosting a German pavilion in India. And there is a fantastic display of specialised machinery for various technical textile products which ranges from alternative energy, to masks, to textiles, to sports shoes. It is incredible what we can achieve with a well-equipped production line and that is one of the focal points of Techtextil India and for the German companies participating here.”

On the domestic front, the nodal agency for investment promotion and facilitation for the Government of Tamil Nadu – Guidance are showcasing their prowess in technical textiles along with some of the major industry players from the state, including Cyber Textiles India Pvt Ltd, Jayashree Spun Bond, Lenzing Ag India, Liester Technologies, Loyal Textile Mills Ltd, Milltex Engineers Pvt Ltd, Superfil Products Pvt Ltd, Uster Technologies (India) Pvt Ltd.

Referring to the potential of the domestic technical textile industry, Mr Amit Agarwal, Chairman of, Indian Technical Textiles Association (ITTA) said: “We are at an inflection point where our consumption, manufacturing, and export potential is huge.

The growth of technical textiles will happen as the per-capita income increases and therefore, all the application areas of technical textiles in India have an equal potential to grow. I personally foresee that 10 to 15 percent of compounded annual growth year-on-year is possible in India.”

Day two is set to host the next chapter of Techtextil India Digital Symposium allowing attendees to gain insight into major growth prospects and emerging opportunities in India.

Aimed at ‘Transforming India’s Technical Textile Landscape through Innovations and Investments’, the virtual platform will feature a series of sessions on Foreign Direct Investment Opportunities and Policies, Investment opportunities in Tamil Nadu, Investments & Opportunities in South Carolina for Technical Textiles sector, PLI & New Investment Opportunities, Sustainable Technical Textiles and Global sustainable approach for Textiles with Antimicrobial Performance.

Moreover, attendees and buyers who are unable to attend the physical show are able to witness product demonstrations virtually and engage with exhibitors via the virtual platform.

Showcasing the potential of technical textiles through the new hybrid edition, the remaining two days of the fair will set a tone for strong business restart by delivering crucial learning, sourcing, and business opportunities.

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20 November 2021, Mumbai:

The Centre’s notification on higher GST rates for several textile and apparel items from January next has come as a blow to micro, small and medium-scale textile and clothing units with industry groups asserting that the move will push up prices for consumers and spur inflation.

In an industry, where almost 80% of the units are in the MSME segment, fixing the rate at 12% for fabrics and garments will only lead to higher prices for the common man, said Sanjay K. Jain, chairman of the National Expert Committee on Textiles, Indian Chamber of Commerce. Mr. Jain said that with the notification, the man-made fibre (MMF) sector would face a 12% rate from fibre to garments, while the cotton sector would have a 5% tax on cotton and yarn and 12% for fabrics and garments.

“The industry and the market can absorb a 3% to 4% hike,” he remarked. “But 7% is too steep and sudden. It is the MSME units that make the low-cost garments mostly and these units may suffer from a drop in demand. In the long run, many units in the unorganised sector may move out of the GST net,” he remarked.

While the notification, issued late on Thursday, was based on the recommendations of the GST Council and therefore, not a complete surprise, industry groups were disappointed that their representations to the government to maintain the status quo or bring the entire textile supply chain under 5% rate had not been heeded, Mr. Jain added.

Clothing Manufacturers Association of India Chief Mentor Rahul Mehta said the notification was both ‘disappointing and distressing.’ The move would lead to higher prices for the end consumer at a time when high raw material costs had already impacted prices. The industry had made several representations to the government in the last two months to not change the rates and would continue to do so, he added.

While the Southern India Mills’ Association chairman Ravi Sam and Confederation of Indian Textile Industry chairman T. Rajkumar welcomed the move to set right the inverted duty structure for the MMF sector, Mr. Sam said the government should not have changed the rates for the cotton sector.

K.E. Raghunathan, convenor of the Consortium of Indian Associations, said the government appeared to have followed a carrot and stick approach. While it announced the Production Linked Incentive scheme for the sector, it had increased the GST rates by 7%. “A masterstroke to penalise both consumer and the manufacturer in one shot,” he remarked.

Industry sources observed that almost 90% of fabric production in the country was in the unorganised sector. Increasing the rate to 12% for fabrics would hit the power loom and handloom weavers. The textile sector was certain to require additional working capital now, they added. The Hindu

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29 November 2021, Mumbai:

The clothing and textile industry's one-day shutdown and hunger strike over Tirupur's extraordinary rise was effective, as several garment firms shut down for the day and a considerable number of them fasted. The textile industry urged that the government take immediate action to limit yarn and cotton costs.

Across the area, over 3,000 garment and export units shuttered their doors. Local retailers and shopkeepers also closed their doors as a show of support. Several stores in Palladam Road, Mangalam Road, Kaderpet, and Avinashi Road remained closed.

Around 117 textile industry stakeholders, including dyeing facilities, exporters, and trade unions, are said to have gone on strike to protest the Centre's failure to regulate yarn pricing. Muthurathinam, President of the Tirupur Exporters and Manufacturers Association, said the yarn price had risen from Rs. 210 per kg in January to Rs. 350 per kg today.

MSME units are unable to complete the orders that have been placed with them. An order from a clothing exporter took 90 days to ship. The exporter would lose money if there were price increases throughout the three-month term. The pricing was often changed.

Following the protest call, more than 80% of textile manufacturing and related businesses stayed closed, resulting in a production loss of Rs. 300 crore. In addition, the majority of the city's textile shops remained closed.

According to Raja Shanmugham, President of the Tiruppur Exporters Association (TEA), which backed the strike, the cost of dyes and chemicals had grown by 40% in the previous year, and corrugated box costs had climbed by 30% to 40%. Yarn costs have increased by 55% in the last year.

Exporters encounter a variety of challenges, according to K.E. Raghunathan, Convenor, Consortium of Indian Associations, including high freight costs, a lack of sufficient RODTEP programs, and delays in receiving input tax returns. To express their uneasiness in life, the hands that feed others have gone on hunger strike.

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

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22 November 2021, Mumbai:

As part of its Amazon Saheli initiative, Amazon India has partnered with four state organisations to empower and accelerate the growth of women entrepreneurs across the nation.

Amazon has partnered with the Jharkhand State Livelihood Promotion Society (JSLPS), the Uttar Pradesh State Rural Livelihood Mission (UPSRLM), the Chhattisgarh State Forest Department (CG Forest), and Assam Rural Infrastructure and Agricultural Services as part of the initiative (ARIAS).

Amazon believes that these collaborations with government agencies would enable tens of thousands of women entrepreneurs in these four states to register their businesses with Amazon India and have access to a larger market to increase sales.

"In line with our aim to digitise one crore MSMEs by 2025, we are delighted to announce that we are engaging with prominent government entities to directly affect and empower lakhs of women entrepreneurs across the four states," said Sumit Sahay, director of seller partner services at Amazon India.

"By providing a full suite of marketplace services and ongoing assistance, the firm intends to encourage and empower women entrepreneurs who cultivate the ambition of establishing something of their own and help them unleash their real potential," he added.

The Amazon Saheli programme provides training and skill development courses to help women entrepreneurs learn the intricacies of online selling, such as product listing, imaging and cataloging, packing, shipping, inventory, account administration, and customer service, among other things.

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18 November 2021, Mumbai:

During a virtual discussion with Union Finance Minister Nirmala Sitharaman to step up investment, infrastructure, and growth, Punjab finance minister Manpreet Singh Badal recommended the case of Punjab for special packages to wean away from the agrarian state to industries.

Punjab needs some nourishment from the Government India as the state is facing new age challenges in the transition of agriculture, said the Finance Minister, while urging the Union Finance Minister to come out with some schemes PLI which was given to industry so that Punjab can successfully migrate to other crops or animal husbandry from two crop pattern.

It will not only increase the income of the farmers but also help in the conservation of groundwater and solve the problem of stubble burning which is again a burning issue in the country.

Manpreet sought the allotment of a Pharma park, a Food Park, and a Textile Park for Punjab, which will act as a game-changing step for Punjab.

TOI

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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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26 November 2021, Mumbai:

In a recent meeting, Minister of Textiles Piyush Goyal received false and distorted data from the Confederation of Indian Textile Industry (CITI) and spinning groups. Dr. Rikhab C. Jain, the founder of TT Limited and a textile industry veteran, wrote a letter to trade bodies such as the Apparel Export Promotion Council, Clothing Manufacturers Associations of India, All Garment Associations & Hosiery Associations, Prominent Garment Manufacturers, and Hosiery & Powerloom Manufacturers in this regard, claiming as much.

"In the textile sector, there are competing interests. "No doubt," he said in his letter, "but none of the stakeholders should supply any misleading information, erroneous data, distorted and twisted statistics concerning the impact of space rocketing cotton prices, which have risen by 70% or more in the previous few weeks." According to CITI, "cotton accounts for 55 to 60% of yarn cost, and yarn cost accounts for 20% to 25% of the garment and made-up cost." This statement is false, incorrect, and sufficient to establish a negative mentality in any decision-maker.

According to Dr. Rikhab C. Jain, yarn costs for garment, made-up, and hosiery goods would range from 40% to 65 percent, depending on whether the product is in the lower, middle, or upper category. Obviously, the cost of packaging and value addition is higher for top items, but their yarn cost is not less than 40%. In the case of fabric, yarn costs might go as high as 80% to 85%.

For example, the value addition for white cotton knitted fabric is just about 15% to 20%. In the case of made-ups, the notion that 20% to 25% is merely yarn cost is likewise completely incorrect. It would generally match other textiles solely because made-ups do not require any tailoring.

"Spinning Mill Associations and CITI produced materials incorrectly to give the impression that cotton prices and cotton yarn prices had not risen in lockstep. Cotton yarn costs have increased by 65 percent, while cotton prices have increased by almost 80 percent in the post-Covid period.

It is apparent that yarn costs have risen far more than cotton prices have justified. Even if the cost of cotton is assumed to be 60% of the cost of yarn, yarn prices should not have climbed by more than 50% to 55%. (assuming 10 percent inflation in other costs).

"Let a new representation to the Government of India and the Spinners Associations be made." "In truth, CITI is just a new version of the Indian Cotton Mills Federation (ICMF)," according to the letter.

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22 November 2021, Mumbai:

Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal on Saturday announced setting up a mega handloom cluster at Olympic silver medalist Saikohm Mirabai Chanu’s native village in Manipur’s Imphal East district.

The Union minister who is in Imphal on his two-day maiden visit to Manipur also announced the setting up of a handloom and handicraft village at Moirang in Bishnupur district, where the INA hoisted the tricolor flag for the first time in Indian soil. It will pay befitting tribute to the freedom fighters, particularly to the soldiers of the INA, he said.

The minister made the announcement during his speech after the inauguration of a Thematic Exhibition of Crafts organized jointly by the Development Commissioner (Handicraft) of Manipur government and Union ministry of textiles at City Convention Centre, Imphal today. The exhibition was organized as a part of Azadi ka Amrit Mahotsav.

Goyal said that his ministry has decided to set up the mega handloom cluster at Nongpok Kakching, the native village of Olympic silver medalist Saikhom Mirabai Chanu, dedicated to her contribution for the nation coupled with Manipur’s contribution in the production of handloom and handicraft productions in the country. “India is proud of Mirabai Chanu.

She has brought laurels to the nation. She is the jewel not only for the northeast region but also for India,” he said.

Announcing the setting up of the mega handloom cluster, Shri Goyal informed that the Ministry of Textiles is setting up the mega cluster at an estimated cost of Rs 30 crore under the National Handloom Development Programme (NHDP). He also expressed his desire for Prime Minister Narendra Modi to lay the foundation stone of the project.

Talking about the potential of the country in textile production, the Minister said that Manipur’s textile product is well known not only in the country but also across the globe. ‘’Keeping this in mind, his ministry was working hard for the development of the sector so that it contributes to making India a superpower country’, he said.

Shri Goyal also emphasised that to realize the dream of making the country global power, a joint venture of all sectors is a must and the country is confident of our workers, farmers and other sections of the society to achieve this.

Earlier, the Minister along with Manipur chief minister N Biren Singh and other ministers opened the thematic exhibition of crafts. He also handed over a cheque of Rs 30 lakh to Mirabai Chanu, the handloom brand ambassador of Manipur from the Union ministry of textile. The mother of Mirabai, Saikhom Tombi Leima received the cheque on behalf of her daughter.

Shri Goyal also distributed tool kits, pehchan cards, Manipur yard cards, loom certificates, and weaver mudra loans to the selected weavers of the state.

He also attended the first Janjatiya Gaurav Diwas to mark the celebration of Bhagwan Birsa Munda’s birth anniversary at Kalyan Ashram in Imphal.

PIB

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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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15 November 2021, Mumbai:

Multiple man-hours were spent behind the research and development of the new bamboo fabric for consumers who appreciate inspirational craftsmanship. Siyaram’s bamboo fabric has been created with a lot of passion without compromising on the style quotient, the texture, the feel, the designs and, the range of colors it will be made available in.

The new bamboo fabric is insulating and keeps one cooler in summers and warmer in winters. It is hypoallergenic, causes no allergic reaction, and is highly absorbent. Bamboo fibers thermal regulating effect helps absorb up to 70 per cent more moisture than any other fabric. The bamboo fabric is ant-bacterial and helps one stay odor-free and fresh. The structure wicks moisture away from the skin and the microscopic holes in the bamboo fibers allow the air to circulate through the weave of the fabric letting skin breathe easily. The fabric is super light and silky and is eco-friendly.

Siyaram’s, one of the leading textile brands in men’s fashion for over four decades, constantly works with some of the most talented craftsmen across the world and is constantly developing products to make the best of the world available to Indian consumers.

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