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Piyush Goyal Drives India-France Business Summit with CEO Engagement

13 April 2023, Mumbai 

During his address at the India-France Business Summit and CEOs Roundtable in Paris, Union Minister Piyush Goyal highlighted the vast opportunities in India, emphasizing its potential as a major consumer and exporter of goods and services.

He expressed the goal to triple India's exports from $765 billion to $2 trillion by 2030.

Minister Olivier Becht from the French Government acknowledged the untapped potential for collaboration between India and France, with many French companies already engaged in India.

The presence of a large delegation from the Confederation of Indian Industry (CII) in France underscored the importance of the India-France relationship, according to Sanjiv Puri, Vice-President of CII.

The discussions focused on various topics, including green initiatives, emerging technologies, defense cooperation, and global engagement in Africa, reflecting the commitment to collaborative engagement between India and France.

CREDITS: https://pib.gov.in/

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COLORJET Awarded

06 April 2023, Mumbai 

ColorJet Group, a leading manufacturer of digital textile printers, was honored with the prestigious State Export Award for its outstanding performance in international trade.

The award was presented at a ceremony held at Lok Bhawan in Lucknow, organized by the Export Promotion Bureau of Uttar Pradesh. The Chief Minister of Uttar Pradesh, Yogi Adityanath, handed over the award to M.S Dadu, Chairman of ColorJet Group, in the presence of Shri. Nand Gopal Gupta, Cabinet Minister of Industry Development, and other dignitaries from the UP Government.

The Export Award is the highest recognition granted by the state government to a company that has demonstrated exceptional performance in international trade. It is presented to companies that have successfully expanded their business overseas and have significantly contributed to the country's export earnings.

ColorJet has been recognized for its outstanding performance in expanding its operations globally, thereby contributing to the growth of the country's economy.

ColorJet Group has consistently demonstrated a commitment to quality and innovation in its products and services, which has helped the company establish a strong reputation in the international market.

In his address at the award ceremony, the Chief Minister stated that Uttar Pradesh will emerge as the torchbearer of the fourth industrial revolution (industrial revolution 4.0), as evident from the investment proposals worth ₹35 lakh crores received at the Global Investors Summit held in Lucknow in February.

He further emphasized that Micro, Small, and Medium Enterprises (MSMEs) will become the foundation of industrial development in Uttar Pradesh, leading the fourth industrial revolution.

Upon receiving the award, M.S Dadu, Chairman of ColorJet Group, said, "The award is a testament to the hard work and dedication of the entire team at ColorJet.

The company has invested heavily in developing indigenous technology for the world market to ensure that it meets international standards and regulations, which has enabled us to expand our business in over 30+ countries now."

He further highlighted that all ColorJet printers are designed and built robustly, incorporating ergonomics and 3D simulation processes at ColorJet's Innovation Laboratories, to deliver excellent results and enduring value to their customers.

ColorJet's Group Innovation Laboratories have been recognized by the Ministry of Science & Technology, Government of India, for their R&D facility that innovates and integrates digital print technology for global markets.

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Fabric & Accessories Trade Show 2023

30 March 2023, Mumbai 

The 27th edition of the Fabrics & Accessories Trade Show and the 2nd edition of the Apparel Sourcing Fair were held at the KTPO in Bangalore from March 3rd to 5th. The event brought together over 130 manufacturers of fabrics, trims, embellishments, apparel, and apparel accessories to showcase their products and innovations.

The trade show provided a platform for manufacturers to exhibit their latest products, designs, and technologies to a diverse audience of retailers, brands, designers, and sourcing professionals. The event aimed to promote business opportunities, foster collaborations, and partnerships, and showcase the latest trends in the industry.

Some of the highlights of the event included the showcasing of eco-friendly fabrics and sustainable practices by various manufacturers. The event also had a dedicated section for the display of digital printing technologies, including sublimation printing, screen printing, and heat transfer printing.

In addition to the exhibition, the event also hosted seminars and workshops on topics such as sustainable practices, digital printing technologies, and innovations in textiles and apparel. These sessions provided attendees with insights into the latest trends and technologies in the industry.

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VEOCEL™ upgrades lyocell

28 March 2023, Mumbai 

Lenzing Group has announced the launch of its upgraded VEOCEL™ lyocell shortcut fibers for the flushable market.

The upgraded fibers have high dispersibility, making them ideal for use in flushable wipes, and an upgraded finish that enhances the efficiency of the wipe production process improves the processability of fibers, and helps to create higher-quality products.

The fibers are also carbon neutral, contributing to the global push to reduce the industry’s carbon footprint. The new finish of the upgraded fibers offers protection against mechanical stress during the wetland production process and improves web formation, resulting in an enhanced physical quality and appearance of the finished product.

Lenzing is committed to continuous innovation to improve the performance of its fibers in the nonwoven sector.

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Texhibition Istanbul: March 8-10,2023

23 March 2023, Mumbai 

The third edition of the TEXHIBITION Istanbul Fabric, Yarn, and Textile Accessories Fair was well conducted in Istanbul from 8-10 March, with in excess of 440 exhibitors and 18,000 visitors from more than 100 countries in attendance. The fair saw a great interest in both exhibitor and visitor numbers, indicating the growth of the textile industry in Turkey.

TEXHIBITION Istanbul is already become an international hub for the textile preliminary sector, drawing industry players from the EU, UK, Eastern Europe, USA, South America, North Africa, and the Middle East. The event, organized by the Istanbul Textile Exporters' Association (ITHIB) and the Istanbul Chamber of Commerce (ICOC), saw three days of busy business activity.

Interestingly sustainability was a theme at the center of the fair, with a special emphasis on the European Green Deal. This is in some sense a starting point for the Turkish industry to comply with the requirements of European customers and to ensure that the industry remains sustainable and environmentally responsible.

The forthcoming Texhibition Istanbul is scheduled for 13-15 September 2023.

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3rd Global Textile Conclave (GTC) 2023

04 March 2023, Mumbai 

The 3rd Global Textile Conclave (GTC) 2023

Organized by: the Confederation of Indian Textile Industry (CITI)

Dates: 15th,16th & 17th March, 2023

Venue: Hotel Crowne Plaza, Jaipur, Rajasthan, India.

Theme: “Strategies for Balancing Sustainability in Textile Value Chain”

Focus: Aim to cover the entire textile value chain from “FARM to FASHION“.

T. Rajkumar, the Chairman of the Confederation of Indian Textile Industry (CITI) while delivering a welcome address on the occasion articulated very enthusiastically that," The textile and apparel sector is a crucial player in the Indian economy, and its success is vital for the government's vision of achieving a $5 trillion economy. While major economies, including India, are recovering from the impact of COVID-19, the government has introduced favorable policies like PLI, PM, Mitra, RoDTEP, and RoSCTL to boost the textile and apparel industries. To reap maximum benefits from these policies, businesses must align themselves with changing socio-economic requirements.

Today, economies worldwide are focused on reducing emissions, minimizing waste, and consumption of resources. 
Digitalization, traceability solutions, and sustainable practices are also gaining importance. As one of the major textile suppliers to these economies, India must embrace sustainable practices that keep both the planet and people at the center of all activities.

The Confederation of Indian Textile Industry (CITI) has launched the first edition of the CITI Sustainable Award in GTC three to encourage and motivate the country's textile industry to adopt sustainable practices. The awards aim to have a cascading effect on innovation and pragmatic work in the industry. 
The three-day conclave, attended by international experts, industry leaders, and policy experts, will devise a roadmap that is economically viable and environmentally sustainable. The active participation of all speakers, delegates, invitees, and industry representatives from India and abroad is essential to make this event a success.
It will not be wrong to say that the textile/apparel sector has a hormonal presence in the Indian economy.

And the success of this sector is extremely critical for the vision of our honorable prime minister Narendra Modiji towards achieving a 5 trillion Dollar economy. After an unprecedented period of COVID-⁠19, major economies around the world, including India, are on the path to recovery.

It's heartening to note that recently india has emerged as the fifth-largest economy in the world.

The government of India has also come up with several favorable policies for the Indian textiles and apparel industries like the PLIs, PM Mitra, Rodtep rates RoSTCL, et cetera. These policies will complement India's export commerce as the largest producer of textile and apparel products in the world.

However, to take the maximum out of these policies, we must align our business towards the changing socioeconomic requirements. Friends and major economies across the globe are effectively working towards reducing emissions, consumption, and waste. Increased usage of renewable energy minimizing waste and reducing water and energy consumption.

More focus on digitalization to provide business data to buyers adaptation of traceability solution welcome address India is one of the major textile suppliers of textile apparel products of these economies.

I am happy to share with you all its commitment to motivating and encouraging the country's textile apparel industry to chart out a sustainable path that keeps both the planets and people at the heart of all activities. The Confederation of Indian Textile Industry Citi has launched the first edition of the CITI's Sustainable Award in GTC three.

These awards are also aimed at the staggering and cascading effects on innovation and pragmatic work. And I'm extremely sure the three days of this conclave renewed international experts, industry leaders, and policy experts will be able to devise a roadmap that will hedge against a cast of inaction while remaining economically viable today. I would also like to thank all the speakers, delegates, invitees, and industry representatives who have joined us today from different parts of India and abroad.

I am extremely sure that this active participation of all of you will make this an even decorative success". 
The three-day prestigious event is currently underway where on day one Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles l Government of India addressed the 3rd GLOBAL TEXTILE CONCLAVE (GTC) currently underway at Jaipur, Rajasthan (India).
The textile industry is a critical contributor to the Indian economy, employing millions of families across the country.

As such, it is imperative that we prioritize the concerns and demands of both our producers and consumers while ensuring that we remain competitive in the global market. I commend the textile champions for their commitment to this effort and the spirit of togetherness with which they engage with each other.
Our Textiles Roadmap until 2047, when India celebrates 100 years of independence, should be our immediate priority. This roadmap should include short-term, medium-term, and long-term strategic goals that enable us to achieve sustainable, speedy, and skillful growth in our economy. It is critical that we work towards taking a leap of faith in our own ability to compete with the rest of the world from a position of strength and reclaim the lost glory that we enjoyed in the textile industry.
The Honorable Prime Minister articulated his vision for the textile industry many years ago, from farm to fiber, fiber to fabric, factory to fashion, and fashion to follow. This vision will soon be realized as states that have won through the challenge route offer to provide the best ecosystem for our textile industry to collectively be present in one location.

The Plugin Play infrastructure will be made available for the entire supply chain to be co-located, enhancing our competitiveness and giving a significant boost to the private sector.
The production and incentive scheme, the summer program for the training of our workmen and management, and the National Technical Excel mission are among the schemes designed to promote the cultivation of the health and the jute industry.

Additionally, the Mudra loan scheme helps small traders and small manufacturers get low-cost funds to develop their businesses.
The debate on state taxes and levies continues to gain government support. I recently transferred an additional 500 crores from the RoSCTL budget to ensure that no one suffers despite high demands for RoSCTL during the export performance. We have also ensured that there will be no cuts to anyone's rates or entitlement until 31 March 2023, providing additional relief by giving 500 roads from RoSCTL to RoDTEP.

In conclusion, the textile industry is critical to the growth and development of the Indian economy. By prioritizing the concerns and demands of our producers and consumers while ensuring that we remain competitive in the global market, we can achieve significant growth in terms of our economy's size and scale. With the support of various schemes and initiatives, we can reclaim our lost glory and become masters in the textile industry.

 

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