05 May 2022, Mumbai:

Women’s innerwear to reach $8.5 billion in FY25. As per a Wazir Advisors’ report, the women’s innerwear segment is estimated to grow from $4.4 bn-$8.5 bn in FY25.

It is the fastest-growing segment in the women’s apparel market & is superseded by only ethnic wear in terms of market size, adds the report.

ALSO READ Reliance Retail’s acquisition of Clovia signals India’s growing innerwear market

With increased disposable income, and changing consumer behavioral patterns, the segment is expected to maintain its current growth rate.

With most retail outlets closed & limited fitting room facilities, the sales of lingerie in physical outlets have been affected drastically during the pandemic.

However, the demand for more WFH comfort outfits & zero feel products through e-commerce has been demanding during the pandemic period.

Increased demand from Tier II & III cities has boosted women’s innerwear sales almost 5x.

RELEVANT NEWS Freecultr, D2C innerwear brand raises funds from Sixth Sense Ventures etc

A May’21 report by consulting firm RedSeer says, the women’s innerwear market in India currently stands at $7 bn & constitutes 9% of the total apparel market. More consumers in smaller towns such as Salem, Dindigul, Erode, etc are moving to online platforms to buy innerwear due to closed shops, and rising work from home culture, says the report.

Brand Zivame generates 90% of its business from its digital platform. Of this, 50% of business is generated from Tier III & IV cities like Panchkula, Udaipur, Vellore & Nagpur. Demand for the brand’s innerwear items like comfy bras, underwear, multi-purpose sleepwear & loungewear is rising, says the report.

About 30% of the women’s innerwear market in India is driven by metro cities. RedSeer expects, the online female innerwear market is expected to reach around $11-$12 bn by 2025.

Enamor’s core lingerie business has increased to 25% of total business on the back of online sales. Online lingerie store Clovia’s sales of innerwear/ancillaries grew 95% from Oct 2020-May’2021. The brand is seeing increased demand from non-metros over the last few months, adds Pankaj Vermani, CEO.

Currently leading fashion houses, corporates, and emerging powerhouses are an insight to capture the big opportunity it presents & the market opportunity is only getting bigger.

A case in point is

Reliance Retail made its 3rd acquisition in the women’s innerwear space in March’22. Through this acquisition, it aims to fix the price point discrepancies in the market & through this acquisition it aims to fix the price point discrepancies in the market.

RELEVANT NEWS Women’s innerwear sales rise five times on demand from smaller cities

India’s leading brand for women’s activewear, innerwear, loungewear & personal care Clovia recently forayed into new markets with the launch of its 10 new stores, amidst the receding COVID 2nd wave.

Puma brand also plans to enhance its women’s portfolio by adding jogger pants, bra tops & jackets to the range.

Highpoints of trade

Rupa & Co’s in-house brand Softline Womenswear has signed up Kiara Advani as its brand ambassador.

Innerwear brand Bodycare Creations will be the official sponsor for Punjab Kings for the ongoing season of the IPL.

More than just brands, lingerie companies are focusing on acquiring online portals as offline brands are unable to increase revenues after a certain point, says Ramesh Agarwala, CFO & ED, Rupa & Co. Offline brands mainly lack proper distribution facilities, adds Agarwala.

They are also unable to display their entire product range in the limited space offered by offline stores. Hence, online is the best way to sell women’s innerwear, he adds.

RELEVANT NEWS Lingerie Brands: Resale, recycle programs to curb waste

Not only that many underwear brands, launched as a single category underwear brand before expanding into bralettes/a full range of loungewear thus are looking to establish their selves as the go-to destination for expressive basics.

Also, Brands are striving to ride on the bandwagon of fast-growing DTC brands' alley & Clovia has been one of the key players in this space.

Brands are increasingly offering seamless & comfortable underwear that prioritises recycled, sustainable fabrics, creative self-expression & eco-friendly packaging.

Besides labels are trying to ensure all raw materials are chemical-free, anti-microbial, and 100% bacterial-free.

Innerwear is evolving from being only a functional segment to a fashion one, while also shifting to be a brand-sensitive category from a price-sensitive one.

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02 May 2022, Mumbai:

Bangladesh is fast emerging as a highly lucrative market for Indian consumers looking to buy cheap ready-made garments.

The country is home to several local and international brands and merchants setting up production units and increasing their sourcing from the country.

A robust supplier of formal shirts, tops, denim trousers, underwear, polo shirts, T-shirts, and bottoms to India’s middle-class.

ALSO READ Consumers look to buy cheap garments from Bangladesh

India's garment imports totaled $ 777.35 million in the first nine months of this year, up 25% year on year.

BGMEA, President very recently iterated that vis-à-vis a ballpark import figure of around 7 Bn$ as an Indian export to Bangladesh of our existing around 42-43Bn US$ market size where our industry runs a big deficit. This is quite sanguine to assume/there is merit in assuming our apparel exports to India are an inherent part of the healthy give and take meaningful sustainable relationship.

According to the Ministry of Commerce and Industry (India), woven garment imports have remained stable, increasing by just 6.75 percent in the first nine months of 2021, with imports valued at US $ 402.75 million.

According to data issued by Bangladesh's Export Promotion Bureau, India bought $87.4 million worth of readymade garments from Bangladesh between July and November 2017, up 56 percent from $55.92 million in the same period last year.

Bangladesh's knitted garment exports to India totaled $30.1 million in the five months ending July 1, 2017, up 69 percent from $17.9 million in the same period. Similarly, Bangladesh exported $57.3 million worth of woven garments to India, up 51% from $38.1 million in the same time last year.

ALSO READ The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan: Bangladesh’s garment export to India will continue to grow
The removal of the primary custom tax on garment imports from Bangladesh, according to Confederation of Indian Textile Industry head Sanjay K Jain, is the crucial cause for the surge in imports. India has requested that Bangladesh abolish tariffs on its garment imports, claiming that the two countries can take 35 percent of the global textile market in the next five years, displacing China.

Given the high tariffs on Indian textiles and apparel export items, China has a 54 percent share of imports in Bangladesh, while India has a 17 percent stake. Textile minister Smriti Zubin Irani had previously remarked that Indian businesses might celebrate if Bangladesh allows retailing of ethnic clothes from India at zero tariffs.

RELEVANT NEWS Tech upgradation way forward for Bangladesh RMG to stay competitive: President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan

Various studies for India and Bangladesh have been prepared, indicating the number of goods with higher RCA from 2005 to 2018. The investigation discovered textile dynamics in other countries and Bangladesh in specific.

From 2005 to 2018, investigations have shown that India has a more significant competitive advantage in Bangladesh's Textile and Cotton sector. India's garment producers must pay tax on imported materials, but Bangladesh may import tariff-free fabric from China, transform it into garments, and export it duty-free to India.

This is placing the Indian garment sector at a significant disadvantage.

RELEVANT NEWS  BGMEA: Bangladesh & India has enormous scope to complement each other

It is believed that there will be a substantial rise in this number in the coming days as more Indian businesses transfer their sourcing from India to low-cost duty-free nations such as Bangladesh and Sri Lanka.

The economy of the world is currently dominated by the transfer of production, in which developed-country corporations shift their focus to developing-country firms.

The new model is based on a core-peripheral production structure, with a small core of permanent personnel dealing with finance, research and development, technological institution, and modernization.

A periphery includes dependent aspects of the production process.

The primary reasons for this attitude are cost-cutting and increased output. They've realized that moving manufacturing to a nation with cheaper labor and production costs is the simplest way to undercharge.

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29 April 2022, Mumbai:

The entry of Covid-19 has led to huge ups and downs over the past 2-3 years and is still existing. There has been an increase in the market losses, and loads of employees lost their jobs in this pandemic.

It was witnessed after decades and has been a challenging time for everyone across the globe.

ALSO READ CMAI FAB Show: Showcases entire supply chain solutions under one roof

There has been a considerable drop in the textile and apparel industry sales, and it has been complicated for them to get back on track. The market has changed magnanimously, and the dynamics have not been restored yet.

There has been a massive load of work on the organizations to bring the supply chain back on track.

The industries with the most globalized operations, especially those that rely on Chinese inputs for manufacturing, were the most vulnerable to COVID-19's early supply chain disruption. Precision devices, machinery, automobiles, and communication equipment were all affected.

RELEVANT NEWS SupplyCompass, UK to bolster supply chains onboarding '5,000 Indian Fashion Brands'

The fashion sector confronts enormous dangers due to its non-essential character. Indeed, as a result of COVID-19, customers worldwide are no longer in need of new items. This sector is characterized by a worldwide supply chain that is highly interconnected.

Because of the industry's globalization, firms and retailers must move their goods and raw materials across many nations. Other nations, in addition to China, play a crucial role as main hubs for fashion goods commerce.

RELEVANT NEWS Texprocess Americas: SEAMS Supply Chain USA Pavilion

This is true for the United States, the largest retail market, and several European nations with ports like Rotterdam and Antwerp playing a pivotal role in this commerce.

Clothing collections often fluctuate since their lifecycles are brief, and prominent seasonal peaks mark their commercialization. Textile logistics, in this sense, is characterized by minimal inventories and short delivery periods.

The COVID-19 epidemic has thrown up many questions, forcing clothing and textile (C&T) firms to reconsider their current processes and make immediate adjustments to manage their future.

RELEVANT NEWS

This study intends to show new possibilities in the C&T value chain by assessing various industry solutions. This era represents an exceptional market circumstance with practically no prior research on how the industry might recover from such a crisis and rearrange its value chain.

Regular business operations have been seriously harmed due to a lack of customer demand or the threat of a significant decline in order.

Even though several nations have reopened physical retail establishments, which accounted for 80% of all fashion sales, customers are still wary of virus-spreading crowds and prefer to avoid in-person interaction.

Fashion has become an afterthought as everyone's attention has been obtaining vital supplies to survive the lockdown.

To conclude, the clothing and apparel industry has witnessed an unprecedented condition during this pandemic. It has not been that easy to cope with this situation and regain the supply chain position.

Realignment of the supply chain will take some time, especially for getting back all the needed positioning and profits, hoping that we will get over the pandemic soon and that everything will go back to normal.

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04 May 2022, Mumbai:

People have begun to critique the immoral concerns involved with the usage of animal products as their ethical consciousness has grown.

This research looked at how worldwide consumers are becoming more aware of vegan materials and the link between interest in moral themes, including animals, the environment, and vegan materials.

ALSO READ LVMH & Kering: PETA takes aim at luxury industry

Consumers came to associate animal products like fur and leather with issues like animal rights, animal cruelty, and animal protection over time.

The problem of inhumane animal killing for fashion materials like fur and leather has long been controversial in the modern fashion industry.

Furthermore, it has been criticized that industrial production takes precedence over animal welfare. The worldwide fur business, worth more than $40 billion, has been under fire in recent years for its brutal practices.

RELEVANT NEWS Online shoppers move away from discounts focus on safety and quality

The majority of fur and leather items are produced through factory breeding, in which animals are kept in cramped, filthy cages before being ruthlessly butchered.

Alligators, whose skin is used to make handbags, are reared in a single tank, imprisoned, and slain when they reach the age of three by being shot or flogged. As a result, it takes three to four alligators to manufacture a single handbag.

Furthermore, such animal goods have environmental implications since the production of fur coats by factory breeding consumes twice as much energy as the production of fake fur coats, and harsh chemical procedures are used to keep the fur and leather from decaying in closets.

RELEVANT NEWS Alia Bhatt: PETA 2021, Person of the Year

The luxury market's interest in environmental conscience has led to a trend in the fashion business of using faux fur in high-end designs [2]. Furthermore, several high-end labels, including Burberry, have recently outlawed the use of animal fur.

In 2018, even one of the four primary fashion weeks, London Fashion Week, denied fur; Helsinki Fashion Week and Stockholm Fashion Week followed suit, prohibiting fur and exotic skin.

Due to the demands of vegetarians, Tesla, a vehicle manufacturer, has begun to utilize synthetic leather rather than natural leather.

RELEVANT NEWS Lakme Fashion Week & PETA India, Indian fashion designers pledge to go leather-free on the World Fashion Day

Furthermore, the use of synthetic leather has risen in various industries, including the shoe and automobile industries.

Meanwhile, while vegan material addresses the issue of animal ethics, the challenge of the creation and disposal of composite materials that pollute the environment has remained a source of worry. As a result, this study falls within the subject of ethical fashion and tries to establish customers' attitudes on fake fur and leather, considering both the environment and animals.

Several environmental and ethical concerns have been highlighted in the apparel and textile business across the supply chain.

The investigation begins with the excessive use of land, water, and pesticides in producing natural fibers, mainly cotton.

So, we need to consider our environment and save the animals, who are slowly becoming extinct.

We own the responsibility to protect them and not use them for our benefit, as it is not ethical.

Our friends need us, and a little empathy would help us save many innocent lives and help us live together in this environment safer and healthier.

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01 May 2022, Mumbai:

FTAs are agreements between two or more nations or trading blocs to lower or remove customs tariffs and non-tariff obstacles to significant trade between them. FTAs often encompass goods or services (banking, building, and trading).

Other topics covered by FTAs include intellectual property rights (IPRs), investment, government procurement, and competition policy.

ALSO READ India is currently in the process of negotiating FTAs with several countries

According to an RBI article published on Wednesday, India has to pursue free-trade agreements (FTAs) with major export destinations such as the EU and the US to boost clothing shipments in the face of rising competition from Bangladesh and Cambodia which benefit from tariff cuts.

India has long had a comparative advantage in the textile industry, which includes clothing, and it accounts for a significant portion of India's export basket.

India is currently in the process of negotiating FTAs with the EU, Australia, UK, Canada, Israel, and other countries/regions. India is facing tariff disadvantage in some of the markets such as the EU, UK, etc. as compared to neighbouring competing nations like Bangladesh, Cambodia, Sri Lanka, etc.

According to the article in the RBI Bulletin, India's garment exports to the EU, which is the largest market for apparel exports, have remained stagnant over the previous decade, while other nations such as Bangladesh, Vietnam, and Cambodia have had strong growth.

RELEVANT NEWS FTAs: Garments could form part of early harvest in trade talks with different countries

According to the RBI article, India has to pursue free-trade agreements with its key export destinations, the United States and the EU, to avoid the competitive disadvantage it now confronts due to its competitors' tariff-free access.

The authors believe that the newly implemented production-linked incentive (PLI) program for textiles, which is targeted at increasing the production of MMF fabric, MMF clothing, and technical textiles, is a step in the right direction.

The higher cost of Indian garment exports than rivals is due to higher transportation costs due to a broader geographical spread, high inland transportation costs, and significant production hubs.

RELEVANT NEWS RBI article: To push Indian apparel exports, pursue FTAs

In addition, the new deal(2021) grants India a more liberal visa system, including a three-year visa for intra-corporate transfers and a 90-day pass for business travelers and contractual service providers.

It's worth noting that clothing exporters from Bangladesh, Vietnam, and Pakistan benefit from a tariff advantage of roughly 10% to 11% thanks to specific programmes that they qualify for.

The Government, under its Market Access Initiative (MAI) scheme, provides financial support to various Export Promotion Councils (EPCs) and Trade Bodies engaged in the promotion of textiles and garments exports, for organising and participating in trade fairs, exhibitions, buyer-seller meets, etc.

This is expected to expand the market for Indian producers.

FTAs have been a crucial catalyst in growing exports of LDCs or the buying country's preferred trade partners, particularly in the case of the United States, which is the country's top garment buyer.

According to reports, the Comprehensive Economic Partnership Agreement will grant India duty-free access to its mobile phones. 

Free Trade Agreement (FTA) countries apparel export share to the USA has risen to 16% to $11.16 billion compared to other non-FTA nations in January to October 2021 calendar year period.

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28 April 2022, Mumbai:

As we are getting accustomed to the Industry 4.0 era, it is a whole new world of digitization. Everything has shifted online from buying appliances to clothes to medicines, making it faster, more user-friendly, and hassle-free.

So, with digitization in the picture, fashion, textile, and apparel all have a significant role in making the most out of this fourth phase of the industrial revolution.

Brands have to look for the perfect platform, as the competition is at large very high, and there are numerous brands.

ALSO READ Amazon focuses on digitizing MSMEs in India

Digitization's significance has never been more significant. Not only is the fashion industry looking for innovative methods to cut costs, but with the current global pandemic disrupting supply chains, we can all agree that having a digital standby strategy is no longer an option.

International connections between fashion companies and their suppliers must become more digital. Outsourced digitalization, IoT integration, AI, and ERP solutions are now available, allowing the textile sector to achieve Industry 4.0 leadership and streamline the whole fabrication process, from design and coloration through fiber manufacturing, fabric production, finishing, and delivery.

RELEVANT NEWS The emergence of industry 4.0 technologies in 'Textiles & Apparels'

The garment business is exceptionally likely to face significant changes in the following years due to digital transformation. Smart Clothes, or clothes with technical and digital characteristics and conventional protective and representative roles, have emerged as a promising possibility for one of the world's most significant economic sectors, the fashion business.

Devices that provide constant access to the digital world rapidly influence people's lives.

This has a significant influence not just on communication behavior but also on customer behavior. Artificial intelligence (AI) can access and collect historical and real-time operational data, resulting in insights to improve operational efficiency.

RELEVANT NEWS Kumar Rajagopalan, CEO, Retailers Association of India (RAI): The emphasis on ‘Ease of Doing Business 2.0.’ a big plus for retail

When you have a complete view of your operations, it's easier to change processes to maximize human workers' abilities. AI has immensely influenced every step of the process, whether product cost, textile manufacturing, data collecting, just-in-time production, quality control, or computer integrated manufacturing.

In recent years, customers' desires and expectations have altered considerably—they premium on high-quality items, added-value services, and expedited delivery.

The need for digital transformation, which covers anything from 3D-printed gowns to smart factories, has risen.

The digital transformation process, on the other hand, is not easy. It would necessitate a well-considered digitization strategy.

While becoming digital has several advantages, the ability to fulfill ever-changing client behavior will be an essential gain for textile firms.

We don't underestimate the importance of digital transformation, one of the most commonly used words in today's fashion business.

Digital advancements will help propel the fashion, garment, textile, and footwear sectors into the next growth stage in the coming years.

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03 May 2022, Mumbai:

INDIA’S APPAREL & TEXTILE EXPORTS CAN BENEFIT FROM THE SRI LANKAN CRISIS AND THE CHINA PLUS ONE STRATEGY.

Indian apparel makers' revenues have been growing 16-18 percent on account of the Sri Lanka-China crisis and robust domestic demand.

In the 2021-22 fiscal, India’s apparel exports grew over 30 percent while ready-made garment (RMG) shipments totaled $16018.3 million.

ALSO READ Tirrupur Garment Exporters Likely To Get More Orders As SRILANKA Stares Economic Crisis

India exported most of its textiles and apparel to the US, the European Union, parts of Asia, and the Middle East. Amongst these markets, the US held the maximum share of 26.3 percent for knitted garments, followed by UAE at 14.5 percent and the UK at 9.6 percent.

Of the total global MMF and made-up export market worth $200 billion, India’s share was $1.6 billion, accounting for only 0.8 percent of the total global market for MMF, says recent Apparel Export Promotion Council stats.

Rupee depreciation and incentive schemes to drive exports

As per an analysis based on 140 RMG makers by CRISIL Ratings, factors like the rupee depreciation and continuation of export-linked incentive schemes are likely to drive India’s exports, leading to revenue growth of around Rs 20,000 crore.

India’s MMF exports are expected to grow 12-15 percent, despite the higher base of last fiscal, says Anuj Sethi, Senior Director, CRISIL Ratings.

RELEVANT NEWS According to the CII, India's textile exports may increase by $10 billion if the sector obtains 1% market share from China

Disruptions in factory operations long with port congestion will dampen China’s export growth in dollar terms. However, domestic MMF demand is expected to grow by over 20 percent.

RMG operating margins to improve to 8.0 percent

In fiscal 2022-23, the operating margins of RMG makers are expected to improve by 75-100 basis points year-on-year to 7.5-8.0 percent though they will continue to be lower than pre-pandemic levels of 8-9 percent.

With prices of key raw materials such as cotton yarn and man-made fibre rising 15-20 percent, RMG makers will be able to partially pass on input price hikes to customers as demand rebounds and operating margins improve.

The largest availability of raw materials along with the world’s second-largest spinning and weaving capacity enabled India to grow domestic exports by 95 percent from January-September 2021, says Narendra Goenka, Chairman AEPC.

Fall in cotton import duty to boost apparel exports

India’s apparel exports are expected to rise further as import duty on raw cotton reduces from the current10 percent, opines A Sakthivel, President, Federation of Indian Exporters’ Organization. Prices of yarn and fabrics will soften, he adds.

RELEVANT NEWS COP 26: Need to re-imagine the roles of (RMG) apparel industry & policy makers

Moreover, the signing of CEPA with UAE and Australia will also accelerate India’s share in apparel exports in the US and many countries.

India’s textile and apparel exports to Australia have grown by 2 percent over the last five years and reached $6.3 billion in 2020. India’s share in Australia’s total textile and apparel imports is likely to rise further with the signing of the Economic Co-operation and Trade Agreement (ECTA) between India and Australia.

Leveraging the China Plus One strategy India’s textile industry has been growing on rising home textile exports and favorable geopolitical undercurrents encouraging countries to adopt the China Plus One sourcing strategy.

Recent geopolitical developments such as COVID-19 have intensified the need for global diversification for these countries, as per a CII-Kearney study.

To benefit from growing development, India needs to grow exports by $16 billion, urges the study.

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29 April 2022, Mumbai:

According to the policy, the global fiber consumption trend is projected to shift further toward man-made fiber.

Given that future demand is likely to be substantially in favor of manufactured fiber-based textiles, as concluded, particular attention is necessary to raise consumption and production.

Reliance India Limited, Grasim, Indo-Rama Synthetics Limited, Century Euka Limited, and Birla Cellulose is the major manufacturers of man-made fiber in India.

ALSO READ Cotton-based apparel see traction as MMF impacted

Itochu is one of the leading Japanese commercial corporations globally, with roughly 122 facilities in 65 countries and a presence in India since the early 1960s. Itochu is headquartered in Delhi, with offices in Mumbai and Chennai.

The firm trades a wide range of items (both export and import), including metals, minerals, plastics/chemicals, and food, but its textile division remains the most profitable. The textile section handles raw materials (yarn), textiles, and apparel.

The segment's current concentration is on specialty man-made fibers. Sanjeev Kothavade, Country Head, Raw Material & Fabric, Itochu India, discusses the company's expansion plan with AO.

RELEVANT NEWS 'Uniform GST rates 12% set to reduce compliance burden' for 'MMF Textiles' sector

With the effects of the COVID-19 epidemic and a sluggish global economy, the country's MMF garment exports decreased dramatically in 2020. In 2020, India's monthly average MMF garment exports fell to $256.18 million.

The dramatic drop occurred in April 2020, from $277.16 million in March 2020 to $32.22 million in April 2020, a massive reduction of 88.38 percent.

With the joint efforts of the Government of India and industry employees, an export level of $258.40 million was reached in July 2020, representing a seven-fold increase in just three months.

RELEVANT NEWS AEPC calls for greater industry-government collaboration to push MMF exports

Except for the variation between September 2020 and November 2020, it has exhibited a constant climb till December 2020.

Itochu obtains this yarn from Asahi Kasei Fibers, a business located in Japan that holds a monopoly on this technology and is the exclusive manufacturer of this yarn.

The company, a pioneer in environmentally-friendly solutions, creates next-generation enterprises that contribute to living in health, comfort, and harmony with nature.

Itochu has been selling this yarn in India since 1978, with Surat being the primary market; however, sales are now growing in Bangalore and other parts of the country.

Factors such as increased use of nonwovens and technical textiles, changing consumer trends such as a greater emphasis on fitness and hygiene, rising brand consciousness, rapidly changing fashion trends, and increased female participation in the workforce will help drive up demand for manmade fibers.

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27 April 2022, Mumbai:

Industry 4.0 sounds fancy but is also something to look into.

With the emerging world, with the world moving into a technology shift, inventions, and inventions, everything shifting to digital, industry 4.0.

It works by collecting and processing all the critical and essential pieces of information and data.

It helps to make a detailed study and upgrade to higher and higher quality goods and products at an effective low cost.

It is an essential part of the industrial revolution and, in combination with the previous industrial outcome.

ALSO READ ‘The Role of Business Analyst in Adapting Industry 4.0’: Webinar happening on 15 Jan, 2022

Data exchange has become the new trend and is a vital manufacturing component. IoT, cognitive computing, and cloud computing have also become very important for setting up a new factory of intelligent technologies. 

This industry 4.0 comes with a beautiful merge of the environment and the digital world. The motive is to enhance the quality of life several folds higher with this increasing population globally. With these incoming innovations, there is a perfect future.

The efficiency of working will increase significantly, along with increased productivity.

Transportation and communication costs will decrease, logistics and global supply chains will improve, and the cost of commerce will decrease, which will open new markets and drive economic development, ensuring a sustainable and prosperous future for you.

RELEVANT NEWS (IEB) organizes a seminar on ‘Industry 4.0 in Textile & RMG sector of Bangladesh – Benefits, Challenges & Recommendations’

Artificial intelligence, machine learning, big data, automated systems, 3D printing, and other sophisticated and more innovative technologies are rapidly entering the textile sector, just like they are in every other production area.

Technology has generated a constant state of flux, which will last for a long time.

The overall trend is favorable, with significant gains across the board. In truth, even though many connected technologies now offer fantastic features and functionality, there is still a lot of testing.

For labor-intensive garment and apparel companies, Industry 4.0 has the potential to transform whole production processes and business models.

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To obtain a competitive edge, firms in the garment and apparel sector must invest in Industry 4.0 and its enabling technologies to shift from traditional plants to intelligent factories.

Textile Machinery Industry's Application of Textile 4.0.

It's striving to match itself with the global manufacturing industry's footprint in terms of innovations and improvements.

Most textile manufacturing enterprises cannot keep up with changes in the outside world and the needs of today's consumers because they lack a flexible, digital operational structure.

Even though the textile machinery manufacturing business, particularly in Europe, is already wholly linked with Industry 4.0, the textile manufacturing industry is lagging.

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