20 September 2022, Mumbai:

ITME 2022 Networking Program at Kenya. 

INDIA - KENYA BUILDING NEW OPPORTUNITIES FOR GROWTH IN
TEXTILE AND MACHINERY.

ITME 2022 hosted in India brings maximum market opportunities to interact with the biggest & the best machinery manufacturers in the industry.

Mr. S. Hari Shankar, Chairman, India ITME Society, formally extended an invitation to India ITME 2022 in December to “Explore the Soul of Textiles”.

Amb. Isaiya Kabira, Director General International Conferences, Media Events and Public Communications – Ministry of Foreign Affairs Kenya welcomed the Indian delegations.

India ITME Society, the non-profit apex industry body from India organized the “India Networking Programme” in Nairobi, Kenya on Friday, 16^th September 2022 to promote the 11^th  edition of India ITME which is to be held in India Exposition Mart Limited, Greater Noida, U.P, from 8^th – 13^th December 2022.

Latest Textile News

10 September 2022, Mumbai:

Japan imports over 180 million pcs of denim jeans every year.

Its the third largest importer of these products after the EU and the US.

Japan is one of the most valuable places when it comes to denim.

Denimsandjeans Japan Show'22, to take place in Nov. 2022.

About DENIMSANDJEANS

Since 2007 

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20 September 2022, Mumbai:

Brazil is the world’s largest supplier of socially and environmentally certified cotton.

A story whose origin dates to 2005, when the Brazilian Cotton Growers Association (Abrapa) started a regional initiative to develop its Brazilian cotton sustainability program, the “Responsible Brazilian Cotton” (ABR).

With more efficient and certified farms, Brazil has been increasing the quality indicators of its lint year after year.

In the 2021 crop, when Brazil produced more than 2.3 million tons of lint, 84% of all national production was certified – an all-time record.

In addition to being the fourth largest cotton grower in the world and the second largest lint exporter, Brazil also ranks number one in certified cotton exports.

The indicators used in the Brazilian program also include guidelines adopted by the Better Cotton Initiative (BCI). Producer adherence to the ABR Program has increased year by year.”

Another distinguishing factor is the series of environmental assets generated by Brazilian cotton production methods.

(CREDITS: Cotton Brazil website)

Latest Textile News

12 September 2022, Mumbai:

BGMEA, in partnership with Bangladesh Apparel Exchange (BAE), is going to organize the first-ever weeklong event “Made in Bangladesh Week” during 12-18 November 2022 in Dhaka to celebrate the progress being made in the industry and to chart the way forward.

Honorable Prime Minister Sheikh Hasina of Bangladesh has kindly consented to inaugurate the event as the Chief Guest.

Under the umbrella of MIB week, BGMEA is going to organize three competitions. One of the competitions is “The Sustainability Leadership Award (TSL)’” to be held on November 17, 2022, in collaboration with GIZ. The objective of this award ceremony is to showcase the best practices of the RMG industry in Bangladesh in front of a global audience.

The week-long mega event will accommodate a number of programs, which will be portraying the development of Bangladesh as a country and the readymade garment industry, as well as what should be our strategic direction aiming for the bigger vision.

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02 September 2022, Mumbai

ABOUT IATF

With 13 successful editions, the International Apparel & Textile Fair has evolved as a leading brand in the MENA region to source and showcase the best in textiles, fabric, footwear accessories, and print from renowned mills across the globe.

The UAE's Exclusive Sourcing Fair is back after 13 successful editions from 28-30 November 2022! 

Three days of interactive speakers forum, unparalleled exhibits and collections, and networking opportunities that bring the best from the global textile industry.

Over 13 editions, IATF has garnered support from some of the world's leading Associations and Consortiums.

Exhibitors are mainly from Europe, India, China, Indonesia, Japan, Turkey, and various highly renowned manufacturing countries across the globe.

(IATF website report)

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16 September 2022, Mumbai:

The European textiles industry statement on the energy package: more and more incisive actions need to be taken with no further delay.

Last month, when gas wholesale prices reached the record level of 340€/MWh– triggering also sky-high electricity prices – the European textiles industry called on the European Union to adopt a wholesale price cap for gas.

The European associations representing the whole textiles’ ecosystem,  welcome these proposals by the Commission.

An ambitious and meaningful European price cap on the wholesale price of natural gas is absolutely necessary.

Already in March 2022, with EU gas wholesale prices at 200€/MWh, the business case for keeping textiles production was no longer there.

The man-made fibres (MMF) industry for instance is an energy-intensive sector and a major consumer of natural gas and electricity in the manufacturing of its fibres.

The textile services sector is also struggling: with the critical nature of the service they provide, they require a considerable amount of energy to keep services.

Given the dire international competition in which the EU textiles industry operates, it is not possible to just pass on the increased costs to consumers.

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09 September 2022, Mumbai:

VF Corporation & Redress, HK announce the 2022 winner of the world’s largest sustainable fashion design competition, the Redress Design Award.

The judges commented on the strength of the designers this year, making choosing a winner even more difficult. The judges were impressed by the finalists’ creativity, problem-solving, and ideas, as well as their dedication to advancing sustainability and circular design.

VF Corporation and Redress Reveal 2022 Winner of World’s Largest Sustainable Fashion Design Competition Winner Will Collaborate with Timberland on a Special Design Project.

The winner, Federico Badini Confalonieri, will gain the opportunity to work with VF Corporation’s Timberland team and collaborate on a special sustainable design project that advances the brand’s vision for a greener future.

We want to equip talented next-generation designers with the tools and experience needed to further develop innovative circular solutions,” said Sean Cady, VF’s Vice President, Global Sustainability and Responsibility, who served as a judge for the second year running.

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01 September 2022, Mumbai

GOME Retail In 1H 2022 consolidated gross profit margin significantly increased to 19.8%, Cash flows from operating activities improved significantly and positively.

Focused on the core business and creating a new profit model Technology-empowered business transformation.

GOME Retail Holdings Limited (HKEX Code: 493. HK, "GOME" or "the Company", and together with its subsidiaries, "the Group")announced its unaudited interim results during the six months ended 30 June 2022 (the "Reporting Period").

 In 1H of 2022, the sales revenue of the Group was approximately RMB12,109 million, and the consolidated gross profit margin was approximately 19.81%, increasing substantially by 5.56 percentage points as compared to the corresponding period last year.

The Group's operating expenses were approximately RMB4,839 million, which decreased by 3.10% as compared to the corresponding period last year.

The Group's loss attributable to the owners of the parent was approximately RMB2,966 million.

During the Reporting Period, the Group's cash flows generated from operating activities had significant improvement over the corresponding period last year, achieving a positive net inflow of RMB55 million.

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07 September 2022, Mumbai:

As per official BGMEA report," During July-May, 2021-22 our RMG export to the European Union reached US$ 19.30 billion, with 33.06% growth compared to the same period of previous fiscal year. Export to almost all the EU markets including Germany, Spain, France, Poland, and Italy showed positive growth during this period.

Particularly, as per BGMEA, our export to Germany grew by about 27% with an amount of US$ 6.51 billion during the mentioned time. Export to Spain and France showed 37.83% and 34.93% growth respectively. Other countries in EU region having high growth were Slovenia 66%, Greece 62 %, Hungary 61.26%, Poland 46.78% and Romania 46.39%.  

Our apparel/RMG export to U.S.A. stood US$ 8.14 billion in July-May, 2021-22 with 52.54 % Y-O-Y growth. At the same time, export to U.K. and Canada reached US$ 4.09 billion and US$ 1.18 billion, with 29.16 % and 32.72% growth respectively.

During the first eleven months of FY 2021-22, our apparel export to non-traditional markets grew by 24.54% to US$ 5.79 billion from US$ 4.65billion in the corresponding period of previous year. Among the non-traditional markets, export to Japan reached US$ 999.97 million dollars with 15.27% growth.

Our export to India also increased significantly by 66.36%, which is US$ 647.27 million. On the other hand, export to China has declined by 18.64%, and reached US$ 199.60 million.  Other countries with significant growth were Chile 124.33%, Mexico 77.29%, Turkey 57%, South Korea 31.16%, and UAE 25.05%.  

However, the growth figures in recent months cannot be misjudged and over generalized as the advanced economies are clearly heading toward economic recession. Inflation in EU and USA has crossed records. Euro is losing value against US dollars. Both global trade and economic growth forecasts by a recent report by the World Bank depicts depressive picture. So while we need to be optimistic about our trade and industry, we need to make cautious steps".

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31 August 2022, Mumbai

RX Japan was established in 1986.

Its management philosophy is "to contribute to the development of various industries and the revitalization of the Japanese economy by creating exhibitions where exhibitors and visitors can engage in serious business discussions", and we have been making every effort to achieve this goal. Make Japan the business hub for the industry by organizing exhibitions.

RX Japan Ltd. is a part of RX, a global enterprise based in 22 countries/regions around the world.

Japan has eased border restrictions, and business travellers from most countries can enter Japan with NO on-arrival COVID-19 test and NO quarantine.

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