08 August 2022, Mumbai:

The combined company will continue to lead the textile industry in sustainability, innovation, and performance offering fashion brands, automotive, technical, and home textiles the best-in-class cost performance whilst respecting natural resources and the planet.

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“I am thrilled to see the combination of Huntsman Textile Effects and Archroma”, said Barry Siadat, Co-founder of SK Capital Partners and Chairman of Archroma. “Finally, we have achieved a dream of combining the technologies, products, and capabilities of the legacy pioneers of the textile industry, namely Ciba, Sandoz, Hoechst, and BASF, into a modern and cohesive enterprise that is focused on delivering innovative and sustainable systems and solutions to serve the evolving needs of today’s textile industry.”

“We at Archroma are so very excited to announce what we see as a merger of equals”, comments Heike van de Kerkhof, CEO of Archroma. “With this agreement, two committed leaders in sustainable and innovative solutions unite to pave the way towards a more sustainable textile industry. We are delighted to welcome a team of highly talented people”, adds Heike van de Kerkhof. “Innovative and transformative leadership is not built overnight, and we are eager to work together with the people who made that happen at Huntsman Textile Effects.”

“The combination of Archroma dyes and Textile Effects is transformational, bringing together two highly complementary organizations with strong cultures of innovation and a shared commitment to inspire advancements in the textile industry.

We are excited by what we will be able to achieve together. At a time when we are seeing robust growth trends in sustainability, the merger will position us firmly to accelerate growth and drive significant value for our customers, employees, and stakeholders,” said Rohit Aggarwal, President of Huntsman Textile Effects.

The closing of the Archroma Huntsman transaction is subject to customary conditions and approvals and is expected to take place in the first half of 2023.

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18 August 2022, Mumbai:

Free trade agreements (FTAs) with the developed world are an important agenda of the Modi government: Goyal.

Piyush Goyal calls upon the Textile industry to focus on innovation and sustainability to drive growth.

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Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Piyush Goyal said that Textile Industry has a big role to play in making Free Trade Agreements a success. Delivering the Keynote address at the 10th Asian Textiles Conference TEXCON  on the theme- 'Reimagining the Textile and Apparel Industry for the next Decade', he said that FTAs with Developed Countries is high on the agenda of Modi Government.

Piyush Goyal, Textile Minister said that innovation is going to be the defining feature in India's march towards becoming a Developed Nation. He highlighted the role of innovation across all value chains in the Textile sector and also urged the Textile sector to focus on recycling and digitization. He said if the industry focuses on innovation, sustainability, digitisation, newer products and utilisation of Free Trade Agreements (FTAs), it can grow fast and compete with the best in the world.

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Speaking on sustainability, Goyal said that textile sector can reduce the pressure on the environment by using reusable resources as well as reduce its own production costs.

Piyush Goyal said that digitization is another area that can help optimize the entire value chain in the sector.

Referring to PM’s independence speech where he referred to  Panch Pran of  Goal of Developed India.

CITI and Egyptian Cotton also signed a Memorandum of Understanding (MOU) in the presence of the Ministry of Textile, Piyush Goyal. Both the industry bodies will work together for mutual benefits.

T. Rajkumar, chairman of the Confederation of Indian Textile Industry (CITI) in his welcome address said that the global textile industry is witnessing a reshuffle of the entire supply chain including the countries from which apparel is sourced. Terms like ‘China Plus One’, re-shoring, onshoring, etc are being commonly heard in interactions across the textile value chain.

(PIB report)...The news article has not been edited by DFU Publications

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09 August 2022, Mumbai:

ReshaMandi launched ReshaMudra to offer personalised credit solutions for the textiles industry.

ReshaMandi, India’s largest farm-to-fashion natural fibre digital ecosystem, unveiled its new venture ReshaMudra, which offers personalised credit solutions for the textiles industry.

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ReshaMudra will give business partners across the ecosystem access to working capital solutions as well as long-term loans, enabling them to secure crucial funding to help them grow their businesses or tide over challenging times. All of these offerings are subject to regulatory approvals from respective authorities.

A majority of India’s micro, small and medium enterprises currently face working capital pressures as they lack access to credit. Today, only 20% of their credit needs are met by the formal sector and 40% by the informal sector.

ReshaMandi’s Founder and CEO, Mayank Tiwari said, “India’s textile sector is on course to becoming a $190 billion powerhouse by 2025-26. But lack of access to credit could stifle that potential as nearly 80% of the country’s MSMEs today is faced with this challenge. Our vision is to be the partner of choice to stakeholders across the textile industry by providing customised, financial products that are cost-effective and easy to use.

” Kshitij Kuthiala, AVP, ReshaMudra, says “With the textile industry picking up pace, it is imperative to provide the stakeholders in the supply chain with credit solutions that cater to their needs and facilitate their growth.

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04 August 2022, Mumbai:

Gartex Texprocess India: Exhibition Overview

Exhibitors 207 l Products On Display 1000+ l Gross Sqm 16,300.

Show highlights Displaying Gujarat's strength in cotton & apparel fabrics @ Fabrics & Trims show l Top 25 denim mills showcasing.

The event is to go on till August 6th, 2022.

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DFU Publications had a tête-à-tête today with Winston Pereira, GM Messe Frankfurt, India taking insights on the event, and view on the prevailing macro-economic environment. Find below the excerpts on the same:

As per the sense he has is that" Gartex Texprocess India is fast taking shape as a one-stop-shop in the textile sector across the value chain with the USP 'An integrated exhibition for global Textile machinery players' supporting apparel sector in value addition as in a mix attaining much-required scalability, particularly at a time when the clamor for China alternate is getting louder ".

Here it is pertinent to say that the government is already doing its bit by coming out with timely policy intervention schemes entailing MSMEs & PLI for Textile. 

Moreover, Union Minister Piyush Goyal on Tuesday pitched for taking the textiles exports of the country to USD 100 billion by 2030 to nudge the trade and unleash the animal spirit. The textiles minister also said the exports would get a boost as the sector would get zero-duty access in the UAE and Australia.

It is a time when global supplies are scrambling for discovering alternate funnel & semblance that, many things are already on the table such as India is on the radar of global players both in Textile & Technical Textiles exploring JVs, looking at investing in India, Introducing global products through local players in India to evaluate commercial liabilities as a way forward.

Replying to how Messe Frankfurt (MF) contributes to helping Gartex take shape & transforming into a one-stop-shop project by re-defining the platform. Winston avers," Total dimension to show has changed as Gaurav is already entrenched in the Indian market, while MF brings on the board internationalization of the event complimenting each other.

Why the relationship is working out so well is because," Both aspects/strengths are coming together, Mex Exhibitions is looking after domestic & MF is taking care of global side of the business.

Again, we also do domestic shows & know pain points well and so do they. We are also working very closely with MoT, and trade associations.

As of now, our sense is that the visitation of overseas buyers is an organic process, especially against the backdrop of the emerging geopolitical paradigm when the world is looking for CHINA+1/China+2/China alternate where visibly the spotlight is shifting to India with demographic advantage Indian growth story offers, and a new found feel-good factor. 

More importantly, we have already started seeing it in our Indian shows where overseas buyers have an optimistic outlook. Especially in the sector presenting humongous job & investment opportunities is very comforting indeed.

It is quite likely that the emerging new global order is likely to impinge on the global supply chains of Chinese industry & operations.

Also, he alludes," There is a tectonic shift in global view on India against impending global recessionary fears in the advanced economies where I would reckon world can take comfort out of Indian economy. As it is there is a prognosis that in the coming decades G7 will emerge out of ASIA. 

Some of the striking points of the event are interesting Props such as,

Denim Bull- A symbol for bullish trade outlook l Hanging larger than life denim shirt l Pocket Square Corner l Indian map made out of Denim fabric swatches etc.

Gartex Texprocess India has established itself as the trendsetter for India's Textile & Apparel/Garmenting industry.

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05 August 2022, Mumbai:

Textile Colors Market Demand to Be Valued at US$ 11.1 Bn by 2032 | Future Market Insights, Inc.

The global Textile Colors Market was valued at US$ 5.8 Bn in 2021 and is expected to reach a valuation of US$ 11.1 Bn by 2032, expanding at a CAGR of 6.2% between 2022 and 2032. According to Future Market Insights, market research and competitive intelligence provider, Global consumption of Textile Colors experienced significant growth over a five- to six-percentage-point increase in the last five years.

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The dye may be produced as semi-continuous, continuous, or batch processes.

Textile Colors are commonly employed in various industries, including creating materials to arrange garments and loose fibres through yarn.

One of the principal factors driving the growth of the Textile Colors market is increasing innovation in the Textile Colors sector.

Key Takeaways from Market Study

Textile Colors Market was valued at US$ 5.8 Bn in 2021. According to Future Market Insights, Textile Colors market revenue would increase 1.8X between 2022 and 2032, reaching roughly US$ 11.1 Bn in 2032.

In terms of Dye Type, the Direct Dye is projected to account for the highest projected CAGR of over 6.5%.

In terms of Fiber Types of Textile Colors, revenue through the Polyester category is expected to be the highest.

Revenue growth through this category is projected to witness a CAGR of 4.5% during the historical period.

US remains the dominant region in the Textile Colors Market with an absolute dollar growth opportunity of over US$ 1.8 Bn.

Winning Strategy

Competitive Environment

Some of the recent developments of key Textile Colors providers are as follows:

• In June 2021, Archroma's Polyester Library introduced the Color Atlas in with 1,440 hues for sportswear, athleisure, swimwear, children's clothes, shoes, fashion, and home textiles. The atlas enables experts to rapidly create the palettes they want.

• In July 2020, Sun Chemical purchased the ink business of Sensient Technologies Corporation, thus expanding the former's product portfolio for textile and dye sublimation printing.

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02 August 2022, Mumbai:

To commemorate 75 Years of India Independence #AzadiKaAmritMahotsav, NISTI Regd Presents a talk by Dr. Seshadri Ramkumar on “Technical Textiles: Quo Vadis" on  Aug 7, 2022 05:00 PM India.

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The webinar in interactive mode shall encompass general background on Technical Textiles, categorisation specific to emerging markets like India, the missing links, and the way forward in the Technical Textile sector. Dr. Ramkumar is a tenured full professor of advanced materials at Texas Tech University.

He is credited with creating the Technical Textiles revolution in India, which played a vital in India becoming self-reliant in developing PPE products during this COVID-19. His research has resulted in commercial products such as FiberTect decontamination wipes and cotton-based oil absorbent wipes.

Dr. Ramkumar also publishes an international newsletter called “TexSnips,” which is distributed globally informing researchers, industry, and academics on new developments in the field of fiber to soft materials.

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