11 June 2022, Mumbai:

Jeanologia pioneer in laser development for garment finishing, providing the textile industry with greater productivity with the best cost per garment thanks to the perfect integration of its hardware and software.

40% faster than other laser technologies, achieving productivity of 2,000 garments a day with its Compact Super range, reducing operational costs, and speeding up time-to-market.

Offers the most efficient energy management as well as simplifying processes, providing hyper-realistic designs and avoiding second-quality garments.

28 May 2022, Mumbai:

National Textile Corporation defaulted in its payment of dues to an operational creditor, leading to the NCLT admitting the creditor's petition for initiating corporate insolvency resolution proceedings.

ALSO READ NTC: Stares at closure

The National Company Law Tribunal (NCLT) on May 27 admitted a petition for initiating an insolvency resolution process against National Textile Corporation Ltd (NTC) under the Insolvency and Bankruptcy Code (IBC).

The Delhi bench of the NCLT has appointed Amit Talwar as the Interim Resolution Professional (IRP) and the corporation will be placed under a moratorium as per the provisions of the IBC.

The petition for initiating insolvency proceedings was filed by a private company namely Hero Solar Energy after National Textile Corporation allegedly defaulted on its payment.

RELEVANT NEWS Indian government to sell NTC

The applicant company was engaged in providing services for solar rooftop power projects. These services were provided under two contracts following which NTC allegedly defaulted on its payments.

The initial engagement between the two entities dates back to 2016 as per the details of transactions furnished before the NCLT. In 2019, Hero Solar sent a demand notice to NTC seeking the pending dues.

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CREDITS: Money Control (The news article has not been edited by DFU Publications staff)

25 May 2022, Mumbai:

IT BRINGS THE WORLD TO YOU. The show provides an unmatched opportunity to meet and do business with some of the best suppliers from around the world in apparel, accessories, and textiles. If you’re looking to improve your supply chain, compare costs and services, produce your own label, diversify your brand or source from 1000s of products and ranges, then the International Sourcing Expo is the event for you.

ALSO READ India-Australia agreement: Apparel businesses optimistic about it

WHO SHOULD VISIT?

Attendance at International Sourcing Expo is a must for industry professionals associated with apparel, accessories and textile manufacturing, marketing and sourcing.

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CREDITS: ISEA (The news article has not been edited by DFU Publications staff).

13 June 2022, Mumbai:

VDMA Textile Machinery cordially invites experts and stakeholders from the (technical) textile industry to register and attend our technology webtalks in the run-up to Techtextil 2022.

ALSO READ  VDMA TFL "Texprocess 2022"

Oerlikon Barmag offers a wide range of machines concepts for spinning of polyester and nylon based high tenacity industrial drawn yarns.

The machine concepts presented cover the full range of properties, such as highest tenacities, lowest shrinkage, high modules with a wider range of yarn counts and yarn ends. The machines can produce yarns for applications in geotextiles, automotive, coated fabrics, sewing yarns and many more, with the highest quality and the highest efficiency..

RELEVANT NEWS VDMA@Techtextil: OERLIKON Nonwoven webtalk on 24. May

VDMA Textile Machinery Webtalk with Oerlikon Barmag about "Industrial Yarn Melt Spinning solutions".

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27 May 2022, Mumbai:

A ban on cotton exports at this time will hardly serve any purpose, textile secretary Upendra Prasad Singh told FE.

Outbound shipments of cotton are unsustainable now that domestic fiber prices have exceeded global levels, he said. “On top of the high domestic prices, logistics costs come for export.

ALSO READ Upendra Singh, Textile Secretary: Sustainable Solutions growth driver for Indian textile industry

So in any case, exports are not happening now, “Singh said on Thursday.

The textile and clothing industry has sought an immediate ban on cotton exports on the assumption that such a move would strengthen domestic supplies and curb the exorbitant rise in fiber prices and its by-products.

Cotton prices have more than doubled over the past year to break the Rs 100,000 mark for a 356kg candy. Singh said, unlike cotton, there is sufficient availability of cotton yarn in the domestic market.

RELEVANT NEWS Textile Secretary UP Singh: Big push of 7 mega parks to attract big (FDI) Foreign Direct Investment

An informal cotton advisory group, led by industry veteran Suresh Kotak, will hold its first meeting on May 29 to discuss how to deal with the current situation and how to draw a long-term strategy to improve cotton output and productivity in the country, among others.

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CREDITS: Financial Express 360Solver Trade Today Business Khabar English Times (The news article has not been edited by DFU Publications staff).

10 June 2022, Mumbai:

At InterDye & Printing Eurasia that will be gather the industry after 4 years, you will be contact with companies operate in dyestaff, whitening agents, intermediates, auxiliaries, pigments, textile chemicals, instruments & equipment, digital printing technologies, printing and dyeing automation technologies, printing materials, textile printing related patents, technologies and software, etc.

 ALSO READ Basic Chemicals, Cosmetics & Dyes Export Promotion Council (Chemexcil): Dyes & Intermediates exports surged in APRIL-DECEMBER 2021

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26 May 2022, Mumbai:

Première Vision Paris is back in July with a creative offer and new sourcing tools!

On 5, 6, and 7 July, Première Vision Paris inaugurates its new calendar with a summer edition dedicated to the Fall-Winter 23-24 collections.

ALSO READ Premiere Vision Paris: Desolina Suter will join as fashion director

On the agenda for this new early event, a creative offer of over 1100 international exhibitors and strengthened commitments to environnemental responsibility.

An hybrid and creative offer The July edition of Première Vision Paris will once again be hybrid. From 5 to 7 July, you will experience a physical show at the Parc des Expositions, Paris Nord Villepinte, and from 4 to 8, an online digital edition on the Première Vision website and marketplace.

RELEVANT NEWS PREMIÈRE VISION PARIS l HYBRID SHOWS THIS SEPTEMBER FOR FASHION PROFESSIONS

Selected by a Selection Committee of professionals and experts, the 1150 exhibitors of this edition, coming from 43 countries, will unveil their proposals and creative developments to inspire your future collections.

A unique offer structured into 8 sectors of activity : Fabrics, Yarns, Designs, Leather, Accessories, Smart Creation, Manufacturing & Manufacturing Leather.

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CREDITS: Première Vision (The news article has not been edited by DFU Publications staff).

24 May 2022, Mumbai:

The government is eyeing the second edition of the production-linked incentive (PLI) scheme for textiles and has begun consultations with the industry.

ALSO READ PLI Scheme for Textiles & Its Impact

#Srtepc #Dhirubhaishah & Bhadresh Dodhia thank Ministry of Textiles, Government of India for the #PLIScheme which will aim to take over good market share through increasing huge production capacity domestically as the technical textile segment has the most potential for growth & request a lower investment threshold of Rs25 crore instead Rs100 crore now.

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CREDITS: SRTEPC (The news article has not been edited by DFU Publications staff).

31 May 2022, Mumbai:

Piyush Goyal holds an interactive meeting with the newly constituted Textile Advisory Group at Mumbai to address issues relating to augmenting present supplies of cotton and also strengthening productivity.

Ginners to make adequate technology (pheromone trap technology) mandatory among members to monitor and prevent the spread of Pink Bollworm pest attack from Ginneries and oil extraction units to cotton in farmers’ fields – Goyal.

RELEVANT NEWS Removal of cotton imports duty failed to benefit spinning & composite textile mills

Emphasizes campaign in farming areas to educate farmers on the right seeds away from spurious ones.

Need for realistic, accurate statistics across the value chain and ensure traceability, sustainability, and circularity based on self-compliance utilizing technology- Goyal.

ALSO READ  India may suffer a cotton scarcity; The sector urges duty-free cotton imports 

To meet present requirements, facilitate import from destinations where stocks are available - resolving procedural requirements-Goyal.

Suresh Kotak, Chairman of the Textile Advisory Group & renowned veteran cotton person opined revamping the seed system is the need of the hour to enhance the productivity of cotton.

The meeting was co-ordinated jointly by the Textile Commissioner and Cotton Corporation of India Ltd.

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

26 May 2022, Mumbai:

CEMATEX INTRODUCES AN ONLINE BUSINESS PLATFORM TO CONNECT THE GLOBAL TEXTILE COMMUNITY.

ITMAconnect platform available to all ITMA 2023 participants before, during, and after exhibition 25 May 2022 – An online platform that allows ITMA 2023 participants to build connections, source technologies and solutions, share ideas and grow their business has been introduced by CEMATEX - the European Committee of Textile Machinery Manufacturers and owner of ITMA 2023.

ALSO READ ITMA'23: Space application response exceeds expectations

ITMAconnect is the new one-stop sourcing platform and knowledge hub that complements the ITMA 2023 exhibition which will be held at the Fiera Milano Rho, Milan, from 8 to 14 June 2023. It will enable exhibitors, visitors, and industry partners to start their engagements before the exhibition, make appointments for in-person meetings at ITMA 2023, and continue their discussions even after the exhibition.

Mr. Ernesto Maurer, President of CEMATEX, said: “Even before the Covid-19 pandemic, we have been exploring ways to add value to our participants in the digital space.

RELEVANT NEWS  'ITMA Live series' to feature Innovative Technologies

We are excited that with the launch of ITMAconnect, we now offer the global textile community enhanced opportunities that extend beyond the physical exhibition.

We hope exhibitors will make full use of this online platform to keep their contacts engaged while generating new leads to grow their business.” Exhibitors will be able to pinpoint business opportunities in advance by allowing them to have access to ITMA 2023 buyers early.

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CREDITS: CEMATEX  (The news article has not been edited by DFU Publications staff).

23 May 2022, Mumbai:

The Union Government has been periodically taking a series of policy initiatives to mitigate the unforeseen ill-effects and economic crisis posed by the Covid pandemic and make India the fastest growing economy and convert the challenges into opportunities by enhancing the global competitiveness of the Indian textile industry and create a record in exports.

ALSO READ SIMA, CHAIRMAN: Indian Textile Mills concerned about global order cancellations

In a press release issued here today, Mr Ravi Sam, Chairman, The Southern India Mills Association has thanked the Hon’ble Prime Minister, Shri Narendra Modi, Hon’ble Minister of Finance Smt Nirmala Sitharaman and Hon’ble Minister of Textiles, Shri Piyush Goyal for removing the antidumping duty on elastomeric filament yarn.

He has said that the usage of elastomeric filament yarn in the dress materials including denim enhances the value addition considerably and throws opportunities to increase the exports.

He said that the ADD removal would create a level playing field for the Indian textile industry in the international market and also would enable to import of high-quality elastomeric filament yarns that are not manufactured in India at a competitive rate.

RELEVANT NEWS SIMA: Entire cotton textile value chain needs to stand united to mitigate cotton & yarn price crisis

SIMA Chairman has said that the NDA Government led by Shri Narendra Modi has been bringing several historical reforms apart from taking various bold and proactive policy initiatives to make Atamanirbhar Bharat a reality and make India as the highly competitive manufacturer in the globe. He has said that the Government had already removed the antidumping duty on most of the man-made fibres and their raw materials including PTA, MEG, PSF, VSF, acrylic fibres and now the elastomeric filament yarn.

Mr Ravi Sam has welcomed the decision of CESTAT for endorsing the decision of DGTR and rejecting the proposal to consider the levy of ADD on the viscose staple fibres.

Mr Ravi Sam has stated that all these proactive and bold initiatives would make the recently announced production linked incentive scheme a successful scheme, attract huge investments and make India achieve an exponential growth rate in the MMF textile value chain.

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