29 November 2022, Mumbai

• Intex India – The Leading International Textile Sourcing Show in South Asia

• Exhibitors from 10+ countries across South Asia, South East Asia, China, MENA Region, the EU, Central Europe, the USA, and Central America

• 125+ Leading Manufacturers from around the world and India

The 10th edition of Intex India, one of the premier International Textiles Sourcing Shows of South Asia, will be held in Pragati Maidan, New Delhi from December 8 to 10, 2022 with the sole aim of powering India’s growing textile industry.

India is one of the world leaders in textiles and the world’s fifth-largest exporter for apparel, home, and technical textile products, India holds a key position in the global value chain.

At the same time, India is also one of the faster-growing domestic textile consumption markets, expecting growth at 8% CAGR to reach $100 billion by 2026 thanks to the rising penetration of products driven by increased purchasing power. This is a good sign for India’s textile producers as the growing domestic market provides an ample boost to production prospects.

India is now the global hub of opportunities for the textiles and apparel industry with a number of strong positives going for it.

The positives include a favourable global supply chain stressing the need for ‘China Plus One’ strategy. With other regional countries having a narrow bandwidth given their limited geographic size, India can build a strong global position by leveraging its relatively large strategic depth, play to its strength in fabrics by positioning India as a regional fabric hub, increase focus on MMF to gain increased share in global MMF products and emerge as a strong manufacturing alternative in the global value chain.

Taking this forward in a concrete manner, Intex India will enable businesses to explore trade opportunities with leading Indian and overseas suppliers via joint ventures, trade deals, and cross-border investments across exhibiting categories including Fibres, Yarns, Apparel Fabrics, Denim Fabrics, Clothing Accessories, Dyes & Chemicals, Software & ERP Solutions, Design Studios, Testing Equipment & Compliance Solutions, Textile Allied Services, etc.

The Indian government has also geared up to support the industry through the launch of numerous key initiatives, such as the Production-Linked Incentive (PLI) Scheme, MITRA (for world-class infrastructure in mega textile parks), providing subsidies such as the Remission of Duties and Taxes on the Export Products (RoDTEP) Scheme to exporters, and removing anti-dumping duty on key MMF raw materials.

This focus on textiles by the Government bodes well for the industry’s future. With targeted actions from government and industry players, India can gain a leading edge on the global stage.

Intex India has been organized with the sole purpose to accelerate this growth by supporting it through a strong business platform. To further strengthen the industry, Intex India will see the presence of international suppliers from China, Korea, Thailand, Belarus, Italy, the USA, Vietnam, Uzbekistan, Sri Lanka, Bangladesh& others.

In a bid to boost export-oriented domestic manufacturing, the Indian Government has been pursuing free-trade agreements with several partners – both bilateral and regional – which include the UK, Canada, the GCC, Bangladesh, Israel, European Union, and the Southern African Customs Union.

Trade deals have already been reached with the UAE and Australia enabling India’s exports of textiles and apparel to these countries. Once FTAs with the other countries are signed, India will truly become the supplier of textiles and textile products to the world.

The future of the Indian textiles industry looks promising, supported by strong domestic and global demand. Intex India looks to supplement these positives by empowering industry players to explore new business opportunities, forge worldwide connections and stay up-to-date with contemporary developments.

Featured exhibitors at Intex India includeReshaMandi, Alok Industries, Reid & Taylor, Lukshmi Yarn Impex, Sky Textiles India, Ginza Industries, Texperts, FASHiNZA, Orsha Linen Mill (Belarus), Changzhou Wushuang Textile (China), M & F Company (South Korea), Baeksan Jacquard Co., Ltd (South Korea), Preview In Daegu (DGTIA) - South Korea, Egypt Cotton Association (Egypt), Pantone (Hong Kong) and Italtex (Italy).

This year, Intex India would also be organizing the renowned Interactive Business Forum (IBF) Seminar Series and ‘Trendz Now’ –the colour, fabric, and fashion forecast showcase alongside Intex India, thus creating a premium and complete B2B international textile trade & sourcing platform making Intex India the annual calendar event for South Asia’s Textile & Apparel industry.

Intex India is supported by the Federation of Indian Chambers of Commerce & Industry (FICCI) under the aegis of the Ministry of Commerce, Government of India, and also supported by the Ministry of MSME, Government of India as well as by apex chambers from India and across the world.

Intex India is the gateway to the dynamic markets of India and South Asia, making it one of the must-attend events in the textile sourcing industry.

Latest Textile News

28 November 2022, Mumbai

A textile city is coming up in Chennai. Spread over 100 acres, it will house leading international brands from the textile industry.

Tamil Nadu tops third in the country in attracting foreign investments and exports in the textile sector and contributes 12 per cent of the total textile exports from India. Hubs will be established in Karur, Tirupur and Kancheepuram to promote textile exports. A textile park coming up in Virudhunagar district will be spread over 1,500 acres. Tamil Nadu wants to be a leader in technical textiles.

The state has withdrawn the market committee cess on cotton and has created a separate commissionerate for textiles. Incentives will be given for those who invest in the state in technical textiles. Annual cotton production in the state has increased to nine lakh bales and a scheme has been announced to increase the area under cotton. Several policy initiatives are being undertaken to address the needs of the textile industry. Tamil Nadu is attracting investment worth Rs 8024 crores, including a Rs 595 crore subsidy, under the Amended Technology Upgradation Fund Scheme. Further, the Centre has extended Rs 6 crores to Karur under the textile venture scheme. Under the Production Linked Scheme (PLI), six units are coming up in the state.

Latest Textile News

19 November 2022, Mumbai:

High inflation, price rise of raw materials and GST have been hitting hard Surat’s synthetic textile industry. The industry recorded a 60 per cent decline in business this Diwali compared to last year during the same period.

Surat’s synthetic textile industry comprises various verticals like spinning polyester yarn and weaving grey clothes, which are then dyed, processed and embroidered. Textile traders buy the grey cloth woven at power looms and get them dyed, processed, and the embroidery works done before selling them to wholesalers across the country. But now traders are abandoning the work to shift to other sectors because of the new tax regime, skyrocketing prices and lesser returns.

The meltdown in the textile sector has caused a massive lay-off of labourers. Of the one lakh labourers, around 35,000 have already lost their jobs. And if this continues, more people will be left jobless. Around 45,000 to 50,000 multi-headed computerised embroidery machines in Surat are operated by the same number of labourers who work in two shifts. Night shifts in embroidery units have completely stopped because of a fall in orders.

The industry is fast losing its sheen. Every manufacturer used to have bulk orders since Diwali (which traders and manufacturers consider the beginning of their new business year). The workload was such that they had no time to meet their families.

But this year, even after almost a month since the festival, most factories are shut because they do not have work from traders. Where one machine was manned by at least two workers, because of a fund crunch two machines are handled by one worker.

GST effect

The rollout of GST was a challenge. Traders have to pay taxes and account for the same at each stage. Unlike in the pre-GST era, a sole entrepreneur, working informally cannot do so. The predominantly informal business sector of synthetic fabrics bears the brunt of the new tax system. While the aim of GST is to boost tax revenues and formalise India’s economy, the reality is Surat’s cluster is unable to pay these taxes and remain competitive. Structure of Surat’s cluster

Two value chains co-exist in the Surat cluster. The first comprises thousands of small units engaged in garment manufacturing — some units make yarn and others weave it into the fabric. Many of them print, stitch and embroider the garment. More than 70,000 textile traders play a pivotal role in this arrangement.

They take orders from textile and apparel/garment (T&C) sellers and lead the consignment from unit to unit along the manufacturing process. It is a competitive value chain where thousands of small businessmen, who are operating their units with the help of migrant workers, compete with each other for business.

The other value chain is integrated and organised. It has large companies which do everything — from weaving to post-production in-house. But not even ten such firms exist in Surat.

Most units in the cluster operate in the disaggregated value chain. GST has impacted both of these value chains. Profit margins have come to an all-time low because of the hike in prices of raw materials and stagnant rates of the consignments.

The textile cluster in Surat has been hit in terms of tax rates and structure since everything from raw materials to finished products is attracting a different tax rate.

Latest Textile News

21 November 2022, Mumbai:

Reid & Taylor has completed 25 years in India.

This premium suiting and shirting brand have built a strong presence in India with its premium experience and high-value endorsements by ace celebrities.

With its rapid growth in the initial years and increasing demands from consumers, the company faced a lot of challenges in the last decade with faulty supply chain management and inefficient management of distribution channels, which halted the growth of the brand.

It went through a process of restructuring, and eventually, it was taken over by the Finquest Group in 2020. Within a short period, Reid & Taylor has bounced back and is rapidly growing. With its suiting factory running successfully in Mysore, Reid & Taylor has expanded its product basket by acquiring a premium 100 per cent cotton shirting unit at Bharuch with an investment of more than Rs300 crores.

This premium shirting unit is a one-of-a-kind manufacturing unit with an annual capacity of more than 18 million meters and is spread over 35 acres of land. Reid & Taylor today employs more than 1800 people and the company has grown rapidly with two manufacturing units and strong distribution channels across the country to meet growing consumer demands.

Latest Textile News