17 May 2022, Mumbai:

The Tirupur Exporters’ Association (TEA) on Wednesday wrote to heads of all the banks seeking help to tide over the financial crisis faced by the knitwear exporters, mostly small units, who are reeling under the high yarn prices.

TEA has asked all the banks to handhold the exporters who are customers of the respective banks and provide ample financial assistance.

ALSO READ In Tamil Nadu, the pricing of yarn has become a severe concern (India)

TEA president Raja M Shanmugham pointed out that the Tirupur knitwear sector is now passing through a difficult situation at its peak again due to the unprecedented surge in cotton prices of more than double and subsequent hike in the yarn prices, which also doubled compared to last year.

Tirupur knitwear sector comprises 95% of MSME exporters and is solely dependent on bank funds for their operations. He said TEA is seeking bank support from their MSME customers to tide over the liquidity crisis and help them bring back normalcy in their export business.

RELEVANT NEWS TEA, Tirupur: Knitwear exports contributed 1% of India's exports in FY22

Highlighting the graveness of the issue at hand, he said that around 18 months ago, the knitwear units could buy one kilogram (kg) of yarn for Rs 200 whereas now, with the same amount, the units could buy only 400 g of yarn.

TEA had appealed to the textile mills associations SIMA Coimbatore, TASMA Dindigul and ITF Coimbatore to advise their members to revoke the cotton yarn price hike of `40 per kg for all counts immediately and restore it to April 2022 price level.

“We apprehend that the severity of impact on the value-added knitwear garment sector will have a cascading effect on each stage of manufacturing and thousands of workers employed with these units, apart from the banks,” Shanmugham had said in a letter to the Union textile secretary.

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CREDITS: TEA Tirupur (The news article has not been edited by DFU Publications staff).

13 May 2022, Mumbai:

MoS Textiles stresses the need to reduce India’s import dependency on textile machinery.

Innovation in textile machinery can add value for many especially women who play a major role in this sector: MoS Textiles.

ALSO READ Gartex Texprocess India set to mark its Mumbai debut in May 2022

Union Minister of State for Textiles & Railways, Darshana Jardosh inaugurated ‘Gartex Texprocess India’ and marked the launch of India’s leading textile and garment manufacturing trade fair in Mumbai, today.

During the interaction with the media, MoS Textiles spoke about the contribution and role played by Textile Industry in the country. “Textile sector contributes 10% of the manufacturing production, 2% of India’s GDP, and 15% of the country’s export earnings,” she said.

The Minister also spoke about the positive impact of the recent cabinet nod for the PLI Scheme for Man-Made Fabric (MMF) segment and Technical Textiles at an outlay of Rs. 10,683 Crore. “67 players came forward and 61 have already got approvals,” she informed.

RELEVANT NEWS Gartex Texprocess India 2021 hybrid edition opened on 3rd Dec.,21 with more than 800 products on display

Smt. Jardosh also spoke about the need for the Indian textile industry, mostly dependent on cotton fabric to pay attention to the global market where man-made fibre (MMF) occupies 75% share.

She also appreciated the interest shown by the industry in denim fabric and remarked that the younger generation will be attracted to this. The Minister emphasized that developing textile machinery is the need of the hour.

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

19 May 2022, Mumbai:

Apparel Made-ups, Home Furnishing Sector Skill Council donates 51 lakhs CSR fund to National Skill Development Fund (NSDF) for skill development and capacity building.

ALSO READ MSDE: Skilled Labour in Manufacturing Industry

Committed to Skill India Mission, Apparel Made-Ups Home Furnishing Sector Skill Council (AMH SSC) donated Rs. 51 lakhs from their Corporate Social Responsibility (CSR) funds to National Skill Development Fund (NSDF) to empower the youth of India with skill training. The cheque was presented by Shri Premal Udani, Chairman AMH SSC to Shri Rajesh Aggarwal, Secretary MSDE, in the presence of Shri Ved Mani Tiwari, COO & Officiating CEO, NSDC and Dr Roopak Vasishtha, CEO AMH SSC. The fund will be utilized in the capacity building of the skilling ecosystem.

Education and skill development are fast emerging as the preferred choice for CSR initiatives in India. By utilising CSR funds in a planned way, companies can not only boost the Skill India Mission but also have a huge impact on skilling India and millions of livelihoods by creating a robust labour market.

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CSR funds can also contribute towards scaling up skill development initiatives by financially supporting activities across the skill development value chain, capacity building and managerial support. Lauding the decision of AMHSSC, Shri Rajesh Aggarwal, expressed his confidence that such a contribution will help expand the skilling sphere and add new avenues to the list of areas of skill development.

He further said that the corporate sector’s support can play a big role in making skill development efforts more inclusive so that the skill divide will be minimized.

Companies have resources, infrastructure, machinery, and expertise that can support the endeavour of skill development in the country, he added Shri Rajesh Aggarwal urged more organisations to come forward and get involved in the skill-building activities and help strengthen the Skill India Mission.

Shri Premal Udani, Chairman, AMHSSC, said that given the huge task of achieving the target and maintaining the quality and sustainability of the skill development mission being pursued in India, we realised that the Ministry of Skill Development and Entrepreneurship would be a perfect choice to fulfill our CSR contributions, as they have extensive expertise and a focused vision towards skilling the youth of the country.

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

17 May 2022, Mumbai:

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has signed an agreement with LightCastle Partners to conduct a feasibility study on “Establishing a Virtual Marketplace Platform for the RMG sector”.

The study will analyze the gaps in policies, market potential, and readiness of the sector, and include a suitable business model and an action plan to implement operations. Faruque Hassan, President of BGMEA said, “Revolution in digital technologies has led notable changes in the business landscape, creating new trends and opportunities, the especially rapid rise in the online marketplace.

ALSO READ Indian Garment Import From Bangladesh: An Overview

Companies have been increasingly going online with the advancement of digital technologies and the Covid-19 accelerated the pace of digital transformation, leading to a boom in the digital and e-commerce sectors. Adapting to the changing trade is key to sustaining and seizing new opportunities.

Developing a virtual market platform will boost sales of the RMG sector and rebound from the effects of the pandemic. This study will help to identify the challenges and opportunities of the industry to establish an online marketplace.” Zahedul Amin, Co-founder & Director, LightCastle Partners, said, “Bangladesh’s apparel sector must retain its competitive advantage by harnessing technology-driven market development, in order to leapfrog ahead of its competitors.”

RELEVANT NEWS BGMEA President mentions the impressive progress of RMG industry in terms of sustainability

The study will be funded by IFC’s Partnership for Cleaner Textile (PaCT II) program, supported by the government of Denmark through the Danish International Development Agency (DANIDA) and the Embassy of the Kingdom of the Netherlands in Bangladesh.

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CREDITS: BGMEA (The news article has not been edited by DFU Publications staff).

18 May 2022, Mumbai:

Huawei Technologies willing to support RMG sector in renewable energy.

Chinese telecommunications giant Huawei Technologies is willing to provide technical solutions and support to the RMG industry of Bangladesh in increasing capacity of renewable energy generation in the sector.

ALSO READ BGMEA x LightCastle sign agreement to conduct study on establishing virtual marketplace platform

A delegation of Huawei Technologies (Bangladesh) Ltd expressed the interest when they paid a call on BGMEA President Faruque Hassan at BGMEA’s PR office in Gulshan, Dhaka on May 11.

BGMEA Vice President Miran Ali was also present at the meeting.

RELEVANT NEWS Indian Garment Import From Bangladesh: An Overview

They had discussions on the possible scope of increasing renewable energy usage by using solar plants in the garment industry and how Huawei can provide its technical solutions to achieve the objective.

BGMEA President Faruque Hassan mentioned the impressive progress of Bangladesh’s RMG industry in terms of sustainability and continuous strides in pursuing excellence in the area.

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CREDITS: BGMEA (The news article has not been edited by DFU Publications staff).

16 May 2022, Mumbai:

British Wool will be making payments worth £8.4m to its members for the 2021 clip, an increase to an overall average of 36.4p/kg. Andrew Hogley, CEO said, ”The 135% average increase over the prior year is down to improved auction prices for wool over the last 12 months alongside a push to reduce operational costs.”

ALSO READ Fred Perry, an iconic tennis brand launches British wool knits

“With the challenges, the industry is facing we are really pleased that this year’s payments are an improvement. Although the price is not yet where we would like it to be, it represents a huge recovery since the difficulties of 2020. We continue to work hard to improve returns further for our members.”

“We are optimistic that the strong demand we have seen over recent months will be sustained, that the recovery in the wool market will continue through 2022, and that this will result in further price improvement for the 2022 wool clip.”

British Wool’s unique collective marketing system which collects, grades, and tests wool on behalf of its farmer members ensures a consistent product for buyers and manufacturers whilst maximising the prices received at auction, he explained.

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Alongside this, the organisation continues to drive demand for British wool across the supply chain and from consumers. Mr. Hogley continued: “Everything we do has the primary aim of adding value to British wool in order to boost payments to our members. As always, grade returns are determined by the average auction price for the season.”

Concluding Mr. Hogley added: “British Wool’s primary aim is to maximise the value of wool for our members. Now more than ever, it is crucial that farmers work together and market their wool through British Wool so that together, we can maximise returns for this year’s clip and beyond.”

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12 May 2022, Mumbai:

Premier Argentinian apparel manufacturer, RA Intertrading, adopts Coats Digital’s GSDCost to meet growing demand - by improving labour efficiencies in response to regional labour shortage.

GSDCost will enable RA Intertrading to create an accurate method standard for production to optimise workforce processes, drive increased efficiency & productivity and meet increased volume demands.

ALSO READ Coats is scaling up its circular solution: Cooperation at the garment design stage is the way to go

Coats Digital is delighted to announce that RA Intertrading SA, the largest apparel manufacturer in Argentina, has implemented Coats Digital’s GSDCost solution to digitally transform its costing and capacity forecasting and enable it to optimise working processes so that the company can grow effectively to meet increasing global demand.

Founded in 1992, RA Intertrading has the largest apparel factory in Argentina and specialises in officially- licensed football replicas, jackets, hoodies, polos, shorts and swimwear.

The company provides a full-service manufacturing offering to some of the world’s most-recognised brands, including: Nike, Adidas, Puma, Kappa, Umbro, Fila and Converse.

By incorporating most of the manufacturing processes in-house, RA Intertrading, has been able to consistently meet the highest international standards for quality, security, fair wages and environmental compliance. The company employs just over 800 staff and boasts 41 sewing lines and 450 machines.

Daniela Rabinovich, CEO, RA Intertrading said: “We needed to grow our business quickly due to increasing order demands. As a result of being headquartered in an area with limited labour supply, however, the only way to drive growth effectively was to improve our labour efficiencies significantly through technology adoption.

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17 May 2022, Mumbai:

After losing momentum during 2020 due to COVID-19, apparel exports from India are gaining pace once more. In the first two months of 2022, shipments rose 10.30 percent to 736.65 million pieces over the corresponding period in 2021.

The average price per garment also increased to $4.28 during the period.

ALSO READ AEPC: ECTA To Help Apparel Exporters Take On Rivals

*As per a report by Apparel Resources exports calculated using official DGFT statistics, India’s apparel exports increased to 3.72 billion pieces in 2021 as compared to 3.13 billion pieces in 2020. In value terms, India’s apparel exports increased 24 percent to $15.21 billion in 2021 as against exports worth $12.27 billion in 2020.

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India’s average price per garment also increased to $4.08 in 2021, compared to $3.92 in 2020. Compared to the pre-pandemic period, India’s garment shipments still need to regain pace quantity-wise. In 2019, India exported 3.85 billion garment pieces worth $16.25 billion with each of the garment pieces costing $4.22 billion.

However, looking at Y-o-Y growth in 2021 and an increase in the first two months of 2022, India should recover previous levels of apparel export growth in the remaining months of this year.

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CREDITS: *As per a report by Apparel Resources.

16 May 2022, Mumbai:

Tirupur exporters expect a 23 percent decline in FY23 garment exports as European apparel brands have reduced garment offtake from Tirupur and Noida by up to 25 percent due to the uncertainty in the region about the fallout of the Russia-Ukraine war. The garment hub annually exports Rs 35,000 crore worth of goods.

ALSO READ Apparel exporters have again pressed the Ministry of Textiles to intervene in the high pricing of cotton and yarn

However, its export volumes have declined due to a lack of orders and high yarn prices which is delaying deliveries, says Raja Shanmugam, president, of Tirupur Exporters Association (TEA). Tirupur houses 2,000 knitwear garment export units and another 18,000 ancillary units that are suppliers to the knitwear units.

These units have given a closure call on May 16 and 17 to protest against the rising yarn prices, notes Shanmugam LalitThukral, President, Noida Apparel Export Cluster says, the units at Noida have seen a 15 percent drop in orders from Europe.

RELEVANT NEWS TEA, Tirupur: Knitwear exports contributed 1% of India's exports in FY22

Unlike Tirupur, these sell high-value items. Their base price for a garment is $5, which is likely to rise to $10. The cluster expects orders to remain low till the uncertainty in Europe continues. The closure of global brands in Russia too has impacted Indian garment exporting units. Spanish fashion retailer Inditex which owns the Zara brand has halted trading in Russia, closing its 502 shops and stopping online sales a fortnight ago.

H&M has also suspended operations in Russia following the invasion of Ukraine and imposition of sanctions.

Spain's second-largest fashion retailer Mango has also announced temporarily closing its 120 Russian shops.

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12 May 2022, Mumbai:

Sustainable Apparel Forum (SAF) organized in Dhaka to Accelerate Apparel Sustainability in Post-Covid.

Bangladesh Apparel Exchange successfully completed the 3rd Edition of Sustainable Apparel Forum (SAF) on 10th May 2022 at International Convention City, Bashundhara, Dhaka, Bangladesh.

ALSO READ Indian Garment Import From Bangladesh: An Overview

This year’s SAF aimed to establish Bangladesh as the world’s most responsible apparel sourcing destination. Government ministers and advisors, the European Union, UN bodies, brands, global fashion campaigners, brands, manufacturers, and industry leaders will share the platform for promoting Sustainability in Bangladesh Apparel Industry.

RELEVANT NEWS SAF on 10th May 2022!

Policymakers, industry leaders, brands’ representatives, and fashion campaigners from home and abroad gathered in Dhaka yesterday to accelerate the momentum of sustainability in the Bangladesh apparel industry.

More than 50 speakers, as well as 20 green growth exhibitors from over 20 countries, participated in the 3 rd edition of Sustainable Apparel Forum (SAF) organized by Bangladesh Apparel Exchange (BAE) partnering with Bangladesh Garment Manufacturers & Exporters Association (BGMEA).

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