19 January 2022, Mumbai:

With yarn prices continuously staying firm as a rough estimate by almost 70%, coupled with consistently rising cotton prices and high global export demand tailwind, also the semblance is local manufacturers of textiles and apparel (T&A) are losing their competitiveness fast to our competitor nations like Bangladesh and China, etc.

In order to ensuring that the domestic fabric and apparel manufacturers stay competitive and afloat, members of the Powerloom Development and Export Promotion Council (PDEXCIL) have urged seeking special export incentives for fabric and apparel makers back home at this juncture.

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18 January 2022, Mumbai:

National Technical Textiles Mission (NTTM)

The government Monday cleared 20 strategic projects worth 730 crores in the areas of speciality fibres and geotextiles under the National Technical Textiles Mission. The projects were approved at a meeting chaired by textiles minister Piyush Goyal.

The 16 projects of speciality fibres approved include five in healthcare, four in industrial and protective, three each in energy storage and textile waste recycling, and one in agriculture; apart from four in geo-textiles.

Addressing a group of scientists and technical technologists, Goyal said the industry and academia connection is essential for the growth of R&D in technical textiles.

SOURCE: ET dt 18-01-2022

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13 January 2022, Mumbai:

Welspun India Limited, the world's largest home furnishings maker, has received the National Water Award from the Ministry of Jal Shakti's Department of Water Resources, River Development, and Ganga Rejuvenation.

KEY HIGHLIGHTS

• In the Best Industry Category, the firm took first place
• Award is given in appreciation of Welspun's cutting-edge sewage treatment facility 
• The 40 MLD sewage treatment facility is one of the first in India

In the Best Industry Category, the firm took first place. The award was given in appreciation of Welspun's cutting-edge sewage treatment facility in the drought-prone Kutch district's social and environmental effect.

The 40 MLD sewage treatment facility is one of the first in India to deploy cutting-edge wastewater treatment technology to reuse urban sewage water into high-quality clean water for industrial usage.

This allowed the corporation to achieve zero freshwater consumption for industrial purposes at its Anjar manufacturing plant, while also reducing the pollution produced by the flow of untreated municipal sewage into the sea, which had a negative impact on the environment and community health.

The facility has also benefited the local farming population, as the Narmada river's freshwater, which was formerly utilised for industrial reasons, is now used for agricultural purposes. "Welspun India has always been devoted to sustainability, environmental awareness, and community welfare as a responsible corporate citizen." 

Our cutting-edge sewage treatment facility in Anjar was built on the basis of these three guiding principles. We are happy that the Ministry of Jal Shakti has recognised our efforts to decrease reliance on freshwater sources for industrial uses. Welspun India Limited's Dipali Goenka, Jt. MD & CEO, stated, "It just drives us to lift the bar even higher."

The prize for Best State went to Uttar Pradesh, while the award for "Best Urban Local Body" went to Vapi Urban Local Body in Gujarat. Kolkata's ITC Limited was named "Best Industry for CSR Activities."

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19 January 2022, Mumbai:

The government has released operational guidelines for PM Mega Integrated Textile Region and Apparel (PM MITRA) parks scheme as per which the state government will transfer land to the Special Purpose Vehicle- a legal entity with 51% equity shareholding of the state and 49% of the centre.

As per the guidelines released by the textiles ministry, the sites for the parks will be selected basis five metrics- connectivity to site, existing ecosystem for textiles, availability of utilities services at site, state industrial /textile policy, and environmental and social impact.

The nearest highway from site, distance from air cargo, airport/railhead, distance from sea port/inland waterway/dedicated freight corridor and distance from multi modal logistic park /will have a weightage of 25%.

Similarly, the existing ecosystem for textiles like distance from the existing textile cluster, availability of raw materials and skilled manpower suitable for the textiles industry, availability of skill development institutes/research associations/institutes will also have a 25% weightage.
ET (The news article has not been edited by DFU Publications staff)

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17 January 2022, Mumbai:

A likely meeting on Monday between the textile ministry and industry stakeholders over rising cotton rates has left the farmers in Vidarbha anxious.

With smartphones being used even in the hinterland, media reports of Monday's meeting have been quickly shared in villages. As cotton growers of the region now waiting for more rs on the meet, this has also left them miffed.

The textile industry has been demanding measures to reduce cotton rates, which have touched Rs10,000 a quintal and cut in import duty on the commodity.

"A number of farmers have received the news about the meeting on mobile. As we are following the news for the final outcome, this has left the farmers disappointed and many want to register their protest," said Nitin Khadse from Jalka village in Yavatmal-infamous for the agrarian crisis.

"For years, cotton prices have been fetching minimum support price (MSP) or slightly below it. Now, if the rates are high for a single year, the industry is seeking government intervention, he said.

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

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13 January 2022, Mumbai:

Piyush Goyal, Union Minister of Commerce and Industry and Textiles, has urged start-ups to assist micro-entrepreneurs in rural regions in using technology to build their companies and encouraging weavers and craftsmen, among others, to sell their products on digital platforms.

"Startups will help India move from an assembly economy, particularly in the digital realm, to a knowledge-based economy," he stated via video conference at the 16th India Digital Summit in 2022. Technology has erased borders and obstacles in this digital age, and it has removed the restrictions of our businesses from our brains."

He stated that India has been the world's favourite start-up location in the previous year, and that start-ups are the agents of change as well as the pillars for building India Atma Nirbhar.

"The Startup India Mission has been running for six years. With over 60,000 start-ups registered at DPIIT, we have already generated 82 Unicorns in six years, the world's third highest number of Unicorns.

With the rising recognition of our skilled people throughout the world, and investors queuing up from all over the world to come and join in this start-up ecosystem revolution," he said, adding that our start-ups produced more than 6 lakh employment in only three years, from 2018 to 21. Indeed, almost 2 lakh jobs were generated in the previous year alone.

Separately, the Minister will meet with the presidents of the country's leading business and industry organisations to solicit their thoughts and comments on how to maintain the country's rapid economic recovery and strong growth rates.

He urged industrial groups to pay MSMEs in advance in order to ensure their sustainability and create employment and growth.

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18 January 2022, Mumbai:

Panipat, Haryana's 'Textile City' and India's top home furnishing centre, is having trouble fulfilling export contracts due to two-month-old Commission of Air Quality Management (CAQM) regulations.

In only one week, the sector has suffered a loss of Rs.100 crore. The factories are only open five days a week, as per the guidelines. The CAQM issued directives shutting down companies for two days a week and prohibiting the use of diesel generators in the National Capital Region (NCR). In October of last year, it also required businesses to work for eight hours a day.

According to Lalit Goyal, President of the Panipat Exporters' Association, with fewer days of operation, export orders that are currently in production are unable to be finished and shipped on time. Because the air quality index (AQI) in Panipat is much improved, companies should be permitted to operate 24 hours a day, seven days a week.

It's worth noting that Panipat's textile sector has an annual export turnover of Rs. 15,000 crore and a local market turnover of over Rs. 35,000 crore.

Because shipments are projected to be delayed, foreign buyers have begun threatening to cancel orders, resulting in significant financial losses and a loss of goodwill in the worldwide market.

Narayanan, Member Secretary, Haryana State Pollution Control Board (HSPCB), responded by saying that the industry's submission had been forwarded to the Chairman, CAQM, along with their own suggestions. The CAQM will make the final decision on the subject.

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17 January 2022, Mumbai:

Operational guidelines for the PM Mega Integrated Textile Region and Apparel (PM MITRA) parks project have been announced by the Ministry of Textiles (MoT).

The project, which has a budget of Rs. 4,445 crore, includes administrative expenses of Rs. 30 crores over a seven-year period, from 2027 to 2028.

It intends to boost the Indian textile sector by enabling the scale of operations, lowering logistical costs by bringing the full value chain together in one location, attracting investment, creating jobs, and increasing export potential.

According to the rules, the State Government would transfer land to the Special Purpose Vehicle (SPV) at a nominal price, and the SPV will be a legal entity with the State Government owning 51 percent of the equity and the Central Government owning 49 percent.

A Competitive Incentive Support (CIS) provision of Rs. 300 crore per park has been made to encourage manufacturing units to establish themselves early in PM MITRA Park.

This incentive will be given to manufacturing units up to 3% of total sales turnover to the unit built in the park in order to cut costs and partially offset disadvantages.

The CIS will have a limited number of spots available and will be given out on a first-come, first-served basis. The incentives will only be accessible to manufacturers who are not currently participating in the Production Linked Incentive (PLI) for Textiles scheme.

For one anchor investor company with an investment of Rs. 300 crore or more in its unit in these parks, the incentive cap will be Rs. 10 crores per year, with a maximum cap of Rs. 30 crores.

Similarly, the incentive cap is Rs. 5 crores per year, with a maximum cap of Rs. 15 crores for one investor company with Rs. 100-300 crore investment.

Other investment companies and tenant companies will have a cap of Rs. 1 crore per year on incentive and a maximum cap of Rs. 3 crore on incentive, but they must employ 100 people or more.

Gujarat, Tamil Nadu, Rajasthan, Telangana, MP, Bihar, and Andhra Pradesh are all pushing for a park, and several trade organisations from these states have made representations.

The distance from the nearest highway to the site, the distance from air cargo, the distance from the airport/railhead, the distance from the seaport/inland waterway/dedicated freight corridor, and the distance from the multimodal logistic park/ICD/CFS will all be given a 25% weighting.

Distance from an existing textile cluster, availability of raw resources and skilled labour suited for the textiles sector, and availability of skill development institutes/research associations/institutes will all be given a 25% weighting.

A 20% weighting is given to the availability of a good quality power source on-site to enable the development and operation of the park, as well as the certainty of a power distribution license for the Master Developer for the parking area and approval for open access power sourcing.

The Park SPV will receive Development Capital Support (DCS) in the form of a grant in aid (Capital) from the Central Government. According to the construction phasing, the DCS for Greenfield Park will be Rs. 300 crore and for Brownfield Park, Rs. 100 crore.

Phase 1 would have a 25-year concession period, while phase 2 will cost Rs. 200 crores for Greenfield Park and Rs. 100 crore for Brownfield Park. DCS is a tool that aids in the development of core infrastructure.

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13 January 2022, Mumbai:

Growth signals an economic rebound

Textile sector has continuously maintained trade surplus with exports manifold higher than imports. In FY 2020-21 there was a deceleration in textile exports due to pandemic disrupting the supply chain and demand.

However, signs of recovery are visible in 2021-22. During April-December, 2021 the total Textiles & Apparel including Handicrafts exports was US$ 29.8 billion as compared to US$ 21.2 billion for the same period last year.

This implies robust growth of approximately 41% over last year. Growth signals an economic rebound.

Even compared to pre-pandemic year i.e. 2019-20 export for textile sector (Textiles & Apparel including Handicrafts) increased by 14.6% from April- December 2021 as compared to April-December 2019.

Textiles exhibited an increase in export of 31%, Cotton Yarn/ Fabrics/ Made-ups, Handloom products etc. exhibited an increase of 43% and Jute products exhibited an increase of 33% from April- December 2021 as compared to April-December, 2019.

Government has set the target of $44 billion for Textiles & Apparel including Handicrafts and approximately 68% of annual target has already been achieved. The last quarter of FY always has higher activity than the earlier quarters. Hence industry is hopeful that targets will be duly met.

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

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18 January 2022, Mumbai:

SVP Global Ventures Ltd., a renowned compact cotton yarn producer situated in Mumbai, has changed its name to SVP Global Textiles Ltd. Because the firm primarily manufactures cotton yarn, it was thought necessary to include textile in the name.

SVP Group, founded in 1898 by Shri Vallabh Pittie, manufactures polyester, polyester & cotton mix, and 100% cotton yarn at three state-of-the-art manufacturing facilities in Jhalawar (Rajasthan), Ramnad (Coimbatore), and Sohar (Rajasthan) (Oman).

The firm has a 125-year history in the textile industry with a goal of being the world's leading fully integrated textile company, producing yarn, fabric, and clothing.

"The change of name will provide the firm with a distinct identity of a top textile producer as we are also entering into the whole value chain of textiles," said Chirag Pittie, the company's director. He also predicted that the company's recent development in Oman and entry into technical textiles would result in a 25 to 30% boost in sales. In H2FY22, the Oman Plant is projected to reach full capacity.

In H2FY22, the Oman Plant is projected to reach full capacity. The move into technical textiles is planned to complement the Group's main business, and the factory is expected to open in 12 to 15 months.

The business is also spending roughly Rs. 100 crore in Jhalawar, Rajasthan, to build a 4,375 MT per annum green-field plant for technical textiles, as well as protective uniforms and functional clothing. "Company has generated consistent sales growth Y-o-Y and Q-o-Q with a strong PAT margin of over 10%," stated Major General OP Gulia (Retd.) of the Group.

EBITDA margin has consistently risen, from 6.1 percent in FY2017 to 23 percent in Q2FY22. The Group is now prepared to enter the whole textile value chain. The company's order book presently stands at Rs. 5,000 crore, which is enough to cover income for the next 2-3 years."

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15 January 2022, Mumbai:

The Ministry of Textiles (MoT) may introduce a new programme to replace the Amended Technology Upgradation Fund (ATUF) scheme, which is set to expire on March 31, 2022.

In this respect, a virtual conference of senior MoT officials and industry leaders from around the country was held. The new programme might be dubbed the Textile Technology Development Program. Previously, the ATUF plan provided a 5 to 7% interest subsidy for 5 years on most knitting, weaving, and technical textile machines.

According to reports, under the new programme, there will be more help now, maybe up to 25% in one go.

"There might be a maximum grant of 25% with a maximum limit of Rs. 10 to Rs. 25 crore for each unit, and there could be a restriction on the units' desire to profit from the plan," said an industry person in attendance.

He also stated that the funding for processing facilities and ETPs will be greater in proportion. It might be 25% with a limit of Rs. 10 crore for garmenting projects. Industry leaders demanded that additional funds be made available and that the maximum number of units prepared to invest be lifted.

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11 January 2022, Mumbai:

The exhibition of India and Europe made textile mega hi-tech weaving machines and ancillaries commenced at the Surat International Exhibition and Convention centre at Sarsana on January 8.

The three-day Surat International Textile Expo (SITEX) 2022 that concluded on Monday gathered business worth Rs 250 crore, according to the Southern Gujarat Chamber of Commerce and Industry (SGCCI), which organised the event along with the Southern Gujarat Chamber Trader and Industrial Development Council.