01 February 2023, Mumbai

Vardhman Textiles, headquartered in Ludhiana, whose innovative yarns & textiles are a trademark of the firm, reported its financials.

The Vardhman Textiles' EBITDA for the quarter showed a significant decrease of 46% YoY and 32% QoQ due to lower sales and reduced gross margins. Vardhman Textile's gross margin declined to 37% from 52% YoY and 43% QoQ due to a drop in yarn prices and high-cost cotton inventory, leading to the lowest EBITDAM of 7.3% in Q3FY23 compared to 24.2% YoY and 14.6% QoQ.

Despite this, the recommendation remains to BUY with a revised Dec-23 target price of Rs440, as the earnings are believed to have hit bottom and there are indications of improvement with lower cotton prices and improving yarn-cotton spread.

CREDITS: research.emkayglobal.com 

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30 January 2023, Mumbai

Siyaram’s, a leading textile brand in India, has been collaborating with Blind Welfare Organization for 9 years to host an annual inter-state blind cricket tournament called "Siyaram’s Cup".

Siyaram's’ Ramesh Poddar-Chairman & MD on this momentous occasion was very excited and mentioned, “Unfortunately, in our nation, there are uncountable numbers of visually challenged persons who go way beyond their boundaries to follow their passions creating limitless opportunities not only for cricket but definitively also in their personal lives.

The tournament was held in Mumbai from 11th to 13th January 2023, with 8 teams from different states across India participating.

The tournament ended with the Gujarat team winning and the Maharashtra team being the runner-up.

Blind cricket is a modified version of cricket adapted for visually challenged players, with rules similar to regular cricket but with some differences, such as the ball filled with ball bearings, 10-inch wide stumps, and the use of the sweep shot. The event was a showcase of the passion and determination of visually challenged players to overcome limitations and achieve success.

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20 January 2023, Mumbai

Synonymous with Performance.

The joint range of products and services at the international Techtextil / Texprocess. 23. – 26. 4. 2024 Frankfurt am Main.

Industry experts from all over the world are waiting for this important business platform after 2 years to experience the show and its vast offering of product groups and applications across diverse industry categories.

Function. Future,  Techtextil & Texprocess will hold comprehensive events, including a variety of digital services to expand the reach geographically and amongst the visiting companies.

The last edition of Techtextil and Texprocess held in June (21-24, 2022) concluded with positive signs.

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31 January 2023, Mumbai

The World Textile Conference-3 is being held in Ahmedabad, India on February 25th and 26th, 2023, organized by the Textile Association (India), the world's largest textile-related professional organization are two important events lined up in the world's 2nd largest textile economy.
Amongst the highlights is the contribution of Tony Fragnito, President of the USA-based Association of the Nonwoven Fabrics Industry (INDA). & Innovation pathways in the sophisticated textiles sector to be outlined by trade expert of the caliber of Bryan Haynes, Senior Technical Director of Kimberly-Clark Corporation
The conference will feature international speakers discussing the future of the textile sector, including the need for investment and R&D in value-added textiles, the outlook for nonwovens, and how the industry can adopt circular approaches to sustainability.

Key topics include innovations in advanced textiles, sustainability, circularity, and diversity in challenging times. The conference is expected to provide opportunities and boost confidence in investments in the textile and allied sectors.

CREDITS: Dr. Seshadri Ramkumar, PhD, CText, FTI (UK), FTA [Honorary] (India), TAPPI Fellow (USA) Professor, Nonwovens & Advanced Materials Laboratory

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27 January 2023, Mumbai

SEMINAR: 

Khadi and Handloom for Sustainable Fashion.

Dates: Saturday, 4th Feb 2023.

Venue: LH 310, LHC, IIT Delhi

Title sponsor: Birla Cellulose (Aditya Birla group) 

Organized by NISTI Regd in partnership with the Department of Textile and Fibre Engineering, IIT Delhi, and Northern India Textile Research Association (NITRA)

Chief Guest: The Textile Commissioner (TC), Government of India.

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19 January 2023, Mumbai

Texvalley is a " Project initiated by The Ministry of Textiles, Government of India & supported by Government of Tamil Nadu".

Texvalley is a platform that came as an outcome of intensive “grass-root” discussions with the entire textile supply chain.

Texvalley's existing facility a textile wholesale trading centre located in Erode is been envisaged to be built & constructed into a mall with large format stores. As a result, Texvalley was formed as a custom-built mall space for both manufacturers and sellers.

Texvalley, located in Erode, Tamilnadu, India is spread across 20,00,000 square feet and has been re-positioned as a Price-less Marketplace, in its New Avatar, catering to both B2B and B2C segments.

This price-less marketplace shall consist of a Global Market (B2B), a Tex Value Mall (B2C), and a Big Box Bazaar;  i e. a category killer (B2B & B2C).

The mall is strategically located on the Salem-Kochi highway (NH544), which sees a large volume of traffic every day Customers from all over the world come to Erode to acquire garments and hosiery as it is a hub for textile/garment buyers.

Highlights of South India's largest B2B Spring-Summer Booking Fair, -TAG Expo 28-30th, January 2023

Conference l Fashion Show l Awards

TAG Expo is organized to showcase the latest design and capabilities of our Textile Cluster to the Textile & Fashion world.

· An opportunity to interact with National Top Buyers & Industry Leaders.

· One to One Business Meeting with Buyers.

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31 January 2023, Mumbai

The global textile staples market as per different trade estimates is expected to grow at a CAGR of 5.5% from 2022 to 2032, driven by increasing demand from end-use industries such as apparel, general and leisure, sportswear, interior flooring, and other.
As per Future Market Insights (FMI) report," A Great Showing expected out of The Textile Staples Market expected to Clock Total Revenue of US$ 275.48 Bn by the year 2032".
The use of natural staple fibers, such as cotton, jute, and wool, is expected to increase due to the demand for eco-friendly textiles, while synthetic fibers, such as polyester, are being produced in a sustainable manner.

The apparel segment is expected to contribute 50% of total sales, while the interior flooring segment is expected to experience the fastest growth. Asia Pacific excluding Japan is expected to be the leading region.

The growth of the market is also driven by increased investment in the textile sector and rising demand for sustainable textile materials. Prominent manufacturers are expanding their presence globally by setting up manufacturing units in emerging economies.

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25 January 2023, Mumbai

The ninth edition of Techtextil India is being held on 12 – 14 September 2023 in Mumbai.

Raj Manek, Executive Director, and Board Member, Messe Frankfurt Asia Holdings Ltd, alludes as an expression of gratitude, “Messe Frankfurt India is absolutely delighted and honoured to have gotten the invaluable assistance & much-needed timely support once again from the Ministry of Textiles (MoT)/Government of India and are quite sure that, it builds a robust business engagement for the industry besides bringing in strong value accretion to the government's thrust technical textiles segment also, it will immensely provide a boost to our trade fair".
Putting it in context the previous edition of Techtextil India held in November 2021 served as a significant meeting place and catalyst for the technical textile sector.

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12 January 2023, Mumbai

Sanjay Garg, President of NITMA, expressed his gratitude to the Honorable PM Narendra Modi and Honorable Minister for Commerce & Industry & Textiles Shri Piyush Goyal Ji for the historic accomplishment.

The Economic Cooperation and Trade Agreement between India and Australia, which came into effect on December 29, 2022. The two nations' business relations as well as the full range of goods and services are set to profit from this agreement, which is the first trade agreement between India and a developed nation in recent memory.

According to Garg, the trade agreements with the UAE and Mauritius have already begun to provide better results, while the agreement with Australia will give various Indian textile products, particularly ready-to-wear clothing and home textiles, zero-duty market access.

According to the president of NITMA, the removal of the 10% tariff barrier for exporting to Australia as well as the 11.0% import charge on cotton will increase India's textile and apparel industry's competitiveness in the world market. In a space of five to six years, he thought that expeditious FTA discussions with Canada, the United Kingdom, and a few other nations would allow India to reach its target exports of USD 100 billion and the USD 350 billion total market size for textiles.

Garg also stated that the treaty would tremendously benefit to bridge the trade deficit of roughly USD 8.5 billion with Australia.

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30 January 2023, Mumbai

BIS certification for Viscose Staple Fibre to avoid any disruption in their operations. The Ministry of Textiles has extended the time limit for obtaining the BIS quality certification to 90 days and has directed the BIS to expedite the processing formalities to issue the certification.
Ravi Sam, Chairman, The Southern India Mills' Association (SIMA) has thanked the Minister of Textiles for this extension and has advised all suppliers and manufacturers to take the necessary steps to obtain the BIS certification and, in particular to H'ble Piyush Goyal for convening the multi-stakeholders meeting of VSF held last week dated 27 th January 2023, deliberating, outlining & stressing the critical need for extension of time limit for VSF QCO and the on-ground practicalities & challenges faced by the VSF value chain nationwide.

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24 January 2023, Mumbai

The seminar was successfully co-organized by The Textile Association India, (TAI), Mumbai Unit & Veermata Jijabai Technological Institute (VJTI), Mumbai dated 16th January 2023 at
VJTI, Mumbai.

Ms. Seema Srivastava, ED, India ITME Society, the Hon'ble Chief Guest inaugurated the seminar to set the context.

TAI, Mumbai Unit, Chairman, V. C. Gupte, gave the resounding welcome address.

Dr. K. K. Sangle, Dean of Academics, VJTI very well addressed the delegates emphasizing and underlining the theme of collaboration between industries and academic institutes more today than ever before when opportunities are at India's doorstep.

While Haresh B. Parekh was the convenor of the seminar.

There was nobody better than industry veteran G. V. Aras, Strategic Advisor, ITAGroup, Germany, Rabatex India, and Yamuna Machine Works who delivered the Key Note Address.

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