02 November 2023, Mumbai

The Andhra Pradesh Textile Mills Association (APTMA) is sounding the alarm over the dire state of the state's textile industry. A confluence of issues, from soaring cotton prices and plummeting yarn values to rising power costs and post-COVID market turbulence, has left the industry's financial health and operational stability hanging by a thread.
Challenges galore

Adding to the industry's woes are withheld subsidies, peak-hour power cuts, and the recent imposition of electricity duty, true-up charges, and FPCCI fees. As a result, numerous mills are grappling with financial obligations, with six already shuttered, endangering the livelihoods of thousands of direct and indirect workers.

Appeal
In a plea to the Andhra Pradesh government, APTMA urgently requests the release of pending power incentives, subsidies, and a Rs 2 per unit electricity subsidy akin to Telangana. They also seek relief from recent electricity-related charges and call for incentives to transition to sustainable energy sources.
The textile industry is a linchpin of the state's economy, and immediate government intervention is crucial to ensure its survival and safeguard countless jobs. Neglecting this crisis could spell disaster for both the industry and the state's economic prospects.

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28 October 2023, Mumbai

Lenzing Group is addressing the growing need for material transparency and traceability in protective wear by utilizing the Lenzing Fiber Identification System for LENZING™ FR (flame resistant) cellulosic fibers.
The system can identify LENZING™ FR fibers at every stage of production, guaranteeing unparalleled traceability, quality assurance, and trust in protective garments.
Nuance picture
LENZING™ FR fibers are produced using renewable raw material wood sourced from controlled and certified forests.
Lenzing is also continuing its solid efforts in reducing carbon emissions by ensuring LENZING™ FR protective wear made from modal-based fibers sets a new standard in responsible production processes.

Carbon neutral LENZING™ FR fibers, certified by ClimatePartner, are also available to address growing sustainability needs in the industry.

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26 October 2023, Mumbai

Ahmedabad and Coimbatore To Host Technology Showcase Events on December 5 and 7, 2023
The VDMA Textile Machinery Association is supporting a delegation visit of 13 well-known textile machinery manufacturers to India from December 4–8, 2023.

The visit will feature technology showcase events in Ahmedabad and Coimbatore on December 5 and 7, 2023, respectively.
Details

The event is supported by the German Federal Ministry for Economic Affairs and Climate Action and organized by SBS Systems for Business Solutions in association with VDMA India.
Decision-makers and experts from the textile and nonwovens industry in India will have the opportunity to learn about the latest textile machinery solutions to make their textile businesses and products more sustainable and efficient.
The 13 renowned VDMA member companies and their Indian partners cover the entire value chain, from spinning, knitting, weaving, nonwovens, dyeing, and finishing.
Momentous Occasion
This is a great opportunity for Indian textile manufacturers to learn about the latest technologies and innovations from leading German textile machinery manufacturers.
With its growing domestic market and focus on sustainability, India is poised to become a global hub for apparel manufacturing and exports.

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31 October 2023, Mumbai

The Indian government has set the minimum support price (MSP) for long-staple cotton at Rs 7,020 per quintal and for medium-staple cotton at Rs 6,620 per quintal. However, ginning mills in Punjab have gone on an indefinite strike, protesting against the state government's notices for the recovery of pending tax liabilities related to a 1% cess on agricultural produce during the years 2010 to 2014.
Vietnam, the world's sixth-largest fibre exporter and third-largest exporter of textiles and garments, is also threatening the global supply of cotton due to unusually dry weather. This raises the specter of prolonged food price inflation.

Outlines
Meanwhile, Cottoncandy experienced a decline of -0.54% to settle at Rs 58,700 due to profit booking, following a rise triggered by the USDA's October WASDE report.
North Zone:
Cotton traded on an easy tone across major spot markets in north India on Tuesday. Prices were quoted up Rs 40–50 per maund compared to yesterday evening. New crop cotton traded at ready delivery at Rs 5,650–725 per maund in Punjab, Rs 5,625–5,675 per maund in Haryana, and Rs 5,475–5,650 per maund in Upper Rajasthan.
Central Zone:
Cotton spot prices were also easy across west India markets on Tuesday. Sankar-6, new crop 29 mm (RD-75 & MIC-3.8), traded at Rs 57,500–58,000 per candy in Gujarat and Rs 57,000–57,500 per candy for 28.5mm (RD-74). V-797 traded at Rs 46,500-47,000 per candy (12–15% trash condition) for ready delivery. In Maharashtra, new crop good grade cotton (29mm) was quoted at Rs 57,500–58,000 per candy.
South Zone:
Cotton spot prices were easy across the major trading centers of south India.
Overall, the cotton market is witnessing a subdued tone due to various factors, including the ginning mill strike in Punjab, the threat to global supply from Vietnam, and profit booking in Cottoncandy.
CREDITS: Cotton Market Bulletin

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28 October 2023, Mumbai

The IHGF Delhi Fair is Asia's largest handicrafts event, organized by the Export Promotion Council for Handicrafts (EPCH). The 57th edition of the fair will be held on February 10, 2024, at the India Expo Centre & Mart. The fair features a wide range of handicrafts from Indian artisans and manufacturers, including carpets, home décor, furniture, jewelry, and fashion accessories.
Spotlight

The IHGF Delhi Fair is a must-visit for anyone interested in sourcing high-quality Indian handicrafts. It is also a great opportunity for consumers to shop for unique and authentic handicrafts at competitive prices.
Impact on businesses and consumers:
The IHGF Delhi Fair plays a vital role in promoting the Indian handicraft industry and connecting artisans and manufacturers with global buyers. The fair also helps to promote Indian culture and heritage on a global stage.

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23 October 2023, Mumbai

The Pakistan Textile Asia Trade Exhibition is the most prestigious and long-lasting biannual event for the Pakistani textile industry.
It took place at the Lahore Expo Centre from October 13th to October 15th, 2023.
The exhibition aimed to facilitate trade and commerce among different sectors.

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30 October 2023, Mumbai

A Platform for Innovation and Entrepreneurship
The Southern Gujarat Chamber of Commerce and Industry (SGCCI) hosted the Surat Start-Up Summit 2023 from October 27th to 29th at the Surat International Exhibition and Convention Centre.

Outlines
The three-day event aimed to strengthen the start-up ecosystem in Surat and inspire entrepreneurs.
Over 55 start-ups from Surat, Ahmedabad, and Vadodara will showcase their creative ideas at the summit. The event also featured a roadshow for the Gujarat Vibrant Start-up Summit, scheduled for December 2023.

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26 October 2023, Mumbai

1st International Garment Machinery, Textile & Accessories Exhibition
February 21-24, 2024
Gandhinagar, Gujarat
Organizers:
K AND D
OPULENT ODYSSEY

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23 October 2023, Mumbai

India is set to host the world's largest textile fair in Delhi in February 2024, a landmark event that will showcase the country's rich textile heritage and its growing position as a global leader in the industry.

Outlines
The fair will bring together over 1,000 exhibitors from around the world, showcasing a wide range of textile products, from traditional handicrafts to the latest innovations in fabric technology.

Visitors will have the opportunity to explore the entire textile value chain, from raw materials to finished products.

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