Raymond’s real estate focus is fixed squarely on affordable luxury in the Mumbai Metropolitan Region and suburban locations.

The textile and apparel giant which owns the legacy suits and shirts brand Raymon, forayed into real estate in 2019 with Raymond Realty to monetise a 120-acre land bank it holds in Thane but now sees it becoming a core business. The group does projects which are a minimum of Rs 3,000 crore or 4,000 crore or of a million square footage. A total of 2,186 units of the TenX Habitat have been booked till September 2022 which is around 85 per cent of the total inventory launched. The Address by GS premium residential project has received 349 bookings with a booking value of Rs 834 crores, which is also 85 per cent of the total inventory launched. The group has around 60 acres of land parcel for future developments. Going forward, it envisages Raymond Realty to emerge as a core business which will continue and take on new projects in the MMR region. Post Covid Indians have realised the importance of owning a home which offers spaces to enjoy a holistic lifestyle. Though the global headwinds caused due to war, recessionary fears and surging inflation globally are a harsh reality, India is well positioned given the strong domestic market and has benefitted tremendously with the China plus one policy.

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

 03 December 2022, Mumbai

Haryana’s Aatmanirbhar Textile Policy aims at giving an impetus to the growth of the state’s textile sector and providing a comprehensive support framework for the industry to grow.

The policy has an estimated budget of Rs 1,500 crores with capping for capital incentive cases. The policy and related schemes will come into operation from the date of its notification and will remain in force for three years from the date of its notification.

The new policy will supersede the previous Haryana Textile Policy of 2019 and aims at promoting value-added textile activities with suitable policy interventions to harness the potential of the entire textile value chain in the state.

The Haryana Aatmanirbhar Textile Policy 2022 to 2025 aims at attracting investment in the textile sector to the tune of Rs 4,000 crores, generating 20,000 jobs and achieving higher and sustainable growth in the value chain with an emphasis on innovation, backward integration, and adoption of clean and green technologies.

It also provides an impetus for the diversification of Haryana’s textile industry to the B, C, and D category blocks and for the promotion of the sunrise sector within textiles, that is, technical textiles, a circular economy, open-end spinning, etc., and supports setting up textile parks in the state.

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