13 April 2022, Mumbai:

Ongoing political crisis in Europe, Sri Lanka, and Pakistan are influencing the global cotton and textiles sector, manufacturing, and global economy. 

The rise in prices, inflation, and political crisis in some parts of the world are having a direct effect on the recent Presidential election in France.

Worries about the increase in energy cost due to the probable embargo on Russian gas and oil by EU countries are genuine among consumers while making buying decisions on non-essential items.

ALSO READ Seshadri Ramkumar: Ukraine Crisis Impact on 'Cotton & Textiles'

Ripple effects from COVID-19 are seen in different sections of the society, which is more evident in Sri Lanka.

With the decrease in foreign tourism, the economy of Sri Lanka has taken a severe hit, which has been in decline due to mismanagement for over a decade and due to heavy foreign debts.

In addition to economic fallouts, the political crisis in Pakistan and Europe due to the Russian invasion of Ukraine is adding to the pain as well.

All these instabilities are showing their impacts on the global cotton and textile sectors.

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This is immediately felt in a major textile-producing country, say India. The economic and political crisis in some parts of the world should result in favorable conditions for textile manufacturing in India, but this is not the case.

The steady increase in cotton price is creating havoc in the Indian textiles sector resulting in decreased production and reducing workweek by a day in textile mills in India.

Sri Lanka is a leading garment producer supplying global brands.

Lack of power and the ongoing political crisis are affecting many sectors of the country. “While orders from Sri Lanka are getting diverted to Tiruppur in India, steep cotton price in India is not helping the situation,” stated Mr. Velmurugan Shanmugam, a 30-year industry veteran, and the general manager of Aruppukkottai-based Jayalakshmi Textiles.

In many mills, production has been slashed by 20 percent resulting in losses. Higher cotton prices are not absorbed by upstream products like yarns. “Weavers are not willing to pay higher prices,” added Velmurugan Shanmugam.

Cotton prices have doubled in a year and the present situation is worse than in 2011 when the cotton price was steep. Textile mills in India are demanding the Indian government slash the 11% import duty on cotton, which will create a level playing field with competing countries like Bangladesh, Vietnam, and Indonesia.

Cautious stock maintenance, negotiating with the government for adequate support, efficient workflow management, and watching the global situations carefully are a few near-term solutions for the global textiles sector.

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CREDITS: By- Seshadri Ramkumar, Professor, Texas Tech University, USA

09 April 2022, Mumbai:

The Indian government has launched certain initiatives to boost textile exports on a pan-India basis and make the textile sector globally competitive.

As per an SME Times report, the government has approved the PM Mega Integrated Textiles Region and Apparel Parks (PM MITRA) scheme for setting up of seven PM MITRA Parks in Greenfield/Brownfield sites with an outlay of Rs. 4,445 crore for a period of seven years up to 2027-28.

The Scheme would help create a modern, integrated large-scale, world-class industrial infrastructure including plug-and-play facilities.

ALSO READ Ind-Ra: High input costs to impact textile demand in Q1FY23

These parks will enable the textile industry to become globally competitive, attract large investments and boost employment generation.

The government has also continued the scheme of Rebate of State and central Taxes and Levies (RoSCTL) effective from March 2019 till 31st March 2024 for exports of apparel/garments and made-ups in order to make the textile sector competitive in the international market.

Besides, the government has approved the Production Linked Incentive (PLI) Scheme for Textiles, with an approved outlay of Rs 10,683 crore, to promote the production of Man-Made Fiber (MMF) Apparel, MMF Fabrics, and Products of Technical Textiles in the country to enable Textile sector to achieve size and scale and to become competitive.

RELATED NEWS Darshana Jardosh: PM MITRA proposals under evaluation

To boost exports in the Man-Made Fibre (MMF) sector, the Government has removed anti-dumping duty on PTA (Purified Terephthalic Acid), Viscose Staple Fibre, and Acrylics.

Nearly 58.4 percent of cloth produced in the country, is sourced from the power loom sector. Similarly, over 60 percent of the fabrics exported from the country are also from the power loom sector, as per an SME Times report.

The power loom sector is also a major provider of fabrics to the readymade garments and home textile sectors.

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CREDITS: SME Times report.

08 April 2022, Mumbai:

Archroma, a global leader in specialty chemicals towards sustainable solutions, has announced the launch of a collaboration with the University of North Carolina Greensboro (UNCG) and its Consumer, Apparel, and Retail Studies (CARS) department, aiming to further the education of its students in the area of color management expertise.

ALSO READ Archroma x Jeanologia launch eco-conscious denim cleaning

As per the agreement, Archroma will donate its leading-edge industry color management tools for their design projects, gaining hands-on expertise that equips them for successful careers in the fashion and textiles industries.

The students will have access to a complete set of the ready-to-use color library developed by Archroma for cotton and polyester.

RELATED NEWS India will be the most profitable market for textile chemicals due to its rapid expansion

The library, well known among fashion designers and stylists as the Color Atlas by Archroma®, was launched in 2016 to provide off-the-shelf color inspiration that can be implemented in production with just a few clicks.

“Archroma is very proud to help grow a young generation of students who launch in their careers armed with hands-on experience on our innovative color management tools,” says Fred Gliddon, Dyeing Operations and Sales Manager at Archroma.

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12 April 2022, Mumbai:

The silk expert, who is visiting India to promote bilateral cooperation between India and France around design and textile with an emphasis on silk, discussed Murshidabad's silk heritage.

Celebrated French textile artist Isabelle Moulin said till now Indian silk was only catering as a fabric for the people and not much export was done.

ALSO READ The Ministry of Textiles and famous designers collaborate to make India the world's fashion capital

Moulin on a ‘Silk Trip’ to India to explore the potential of weavers in places like Murshidabad to be able to partner with major global silk hubs, Murshidabad said Murshidabad could play a role. big role as a changer.

“Till now Indian silk was only catering as a fabric for the Indian people and not much export was done.

RELATED NEWS Modi: The world is looking at India as a manufacturing powerhouse

Now with the open market, I am sure India will catch up as far as the use of silk is concerned in various sectors.

With the evolution of products and climate change, we aim to find new ways to produce silk, and protect the mulberry falling prey to climate change,” she told PTI after a visit to Murshidabad recently.

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CREDITS: Indian Express The Print News of Max (The news article has not been edited by DFU Publications staff).

09 April 2022, Mumbai:

Higher raw material cost is likely to impact textile demand during Q1FY23 on a quarter-on-quarter basis.

As per India Ratings and Research (Ind-Ra), sustained rub-off impact from high man-made fibre (MMF) prices amid new arrivals will keep domestic cotton prices to remain at the current high levels during Q1FY23.

ALSO READ TIRUPPUR TRADERS EXPECT COTTON YARN PRICES TO RISE POST FESTIVE SEASON

ShradhaSaraogi, Senior Analyst, India Ratings and Research, says,Ind-Ra also expects inventory levels to decline by the end of the current cotton season due to a lower opening stock and slightly higher consumption.

Similarly, the domestic stocks-to-use ratio could decline in the new cotton season.

Furthermore, Ind-Ra expects cotton yarn and spun yarn prices to continue to rise due to higher demand from downstream players as well as export markets.

RELATED NEWS Space Rocketing Cotton and Cotton Yarn prices – Representations pending for Government action

According to the rating agency, MMF products witnessed a drastic rise in prices in February 2022 due to an increase in crude oil prices.

Ind-Ra expects the prices to increase further owing to the US ban on Russian oil and US tie-ups in Europe, along with a rise in raw material prices, led by the ongoing geopolitical issues and increased cotton prices.

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07 April 2022, Mumbai:

The State Government's intention to offer the name of Jodhpur to the Union Government for the textile park under the PM MITRA (Mega integrated Textile Region and Apparel) program has enraged Rajasthan's major textile metropolis.

Local textile businesses have submitted letters to Prime Minister Narendra Modi, State Chief Minister Ashok Gehlot, and others, claiming that Bhilwara, as a textile powerhouse, is the best candidate for the mega-park.

ALSO READ Darshana Jardosh: PM MITRA proposals under evaluation

According to Rajasthan Janmanch's Kailash Soni, Bhilwara is a well-known brand in Rajasthan's textile sector, but Jodhpur is recognized for handcraft, so there is no reason to reject Bhilwara and suggest Jodhpur's name.

RELATED NEWS Odisha (India) is in the process of obtaining a park under the PM MITRA plan

Many leading textile enterprises are based in Bhilwara, which has over 1 million spindles and over 16,000 power looms that produce daily fabric worth Rs. 100 crore.

Many of Bhilwara's biggest enterprises have recently announced expansion plans and significant investments.

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CREDITS: TOI & Apparel Resources.

12 April 2022, Mumbai:

Kesoram Industries Limited is one of the pioneer companies in India.

It is under the flagship 'B K Birla Group Of Companies'.

ALSO READ Vardhman Textiles: Q3 FY22 reported reported

Kesoram Industries declined 1.31% to Rs 60.30 after the company reported a consolidated net loss of 46.67 crores in Q4 FY22 as against a net profit of Rs 112.26 crore in Q4 FY21.

Revenue of operation grew 19.7% to Rs 1,031.78 crore in Q4 FY22 as compared to Rs 861.56 reported in the same period last year.

RELATED NEWS Raymond’s Q3 FY'22 results reported

The cement manufacturer reported a pre-tax loss of Rs 66.40 crore in Q4 FY22 versus Rs 168.4 crore in Q4 FY21. Consolidated operating margin declined to 9.48% in Q4 FY22 as against 13.37% in Q4 FY21. Margin pressure was seen as total expenses surged 31.35% YoY to Rs 1,085.84 crore. The company reported a consolidated net loss of 75.04 crore in FY22 as against a net profit of Rs 150.29 crore in FY21.

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CREDITS: Business Standard Money Control ET Equity Bulls (The news article has not been edited by DFU Publications staff)

08 April 2022, Mumbai:

Texprocess Messefrankfurt

Leading international trade fair for processing textile and flexible materials.

At Texprocess, international exhibitors will present the latest machines, plants, processes and services for the manufacture of garments and textile and flexible materials in Frankfurt am Main from 21 to 24 June 2022.

Techtextil, the leading international trade fair for technical textiles and nonwovens and this year, once only, the Heimtextil Summer Special, international trade fair for home and contract textiles, takes place at the same time as Texprocess.

ALSO READ Techtextil / Texprocess / Heimtextil S/S'22 Press Conference

Why Texprocess is exactly the right place for you

Complete textile process chain: Here, you can find all the technologies involved, from design, cutting, sewing, knitting, and embroidery to finishing, refining, IT and logistics.

Creativity and high-tech: The technologies for processing textiles at Texprocess inspire new designs.

RELATED NEWS Techtextil North America and Texprocess to be held in Atlanta, Georgia May 17-19, 2022

Texprocess – Digital Extension

On-site in Frankfurt and in the digital space: Texprocess 2022 will be complemented by the Texprocess – Digital Extension.

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

07 April 2022, Mumbai:

The Lenzing Group, the world's largest provider of wood-based specialty fibers, has launched its Sustainability Report 2021.

The paper, titled "Linear to Circular," highlights the company's commitment to carefully balancing its requirements with those of nature in the spirit of the circular economy.

"Our inventions in the circular economy and biodegradability spring from a profound feeling of duty to our world and a desire to act in ways that future generations may be proud of," says Lenzing Group Member Robert van de Kerkhof.

ALSO READ Lenzing: Stephan Sielaff new CEO

Lenzing continues to make strides toward Group-wide climate neutrality with the realization of two significant projects in Brazil and Thailand, as well as €200 million in investments at existing Asian facilities in China and Indonesia.

Lenzing is the first fiber company to commit to reducing carbon emissions by half by 2030 and becoming carbon-neutral by 2050.

The Science Based Targets (SBT) organization has evaluated and certified this carbon reduction aim.

The relationship with Swedish pulp manufacturer Södra, the business said in a statement, "marks a further milestone in Lenzing's efforts to achieve its ambitious climate and sustainability goals."

RELATED NEWS Lenzing Group with strong operating result in 2021

These two global market leaders, who have been actively pushing the circular economy in the fashion sector for many years, are teaming together to give the issue a boost and make a significant contribution to alleviating the worldwide textile waste problem. It is also planned to expand the capacity for recovering pulp from discarded textiles.

By 2025, the objective is to be able to recycle 25,000 tonnes of discarded textiles. In terms of non-financial reporting, Lenzing is likewise breaking new ground. From 2022, it will make its sustainability report available in digital format.

RELATED NEWS Lenzing: Comes up with global lyocell facility

"We established a goal for ourselves to represent Lenzing's high degree of creativity in terms of communications, and we're forging new and inventive ground in this area."

For the first time this year, we are able to publish our reports in digital and hence interactive form.

This not only makes our reporting more user-friendly, but it also happens where the bulk of our users are — online," Dominic Köfner, Vice President of Corporate Communications & Public Affairs, explains.

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CREDITS: Apparel Resources.

11 April 2022, Mumbai:

DENIMANDJEANS TO HOLD 4TH EDITION IN BENGALURU.

Denimsandjeans will hold its fourth India edition in Bengaluru on June 8-9, 2022.

The theme of the show will be ‘Greenable, a combination of Green and Comfortable.

In response to COVID, many global brands have incorporated green inputs into their products and have been raising the bar for sustainable production in their supply chain.

ALSO READ Denim fabric exports from India have surpassed pre-pandemic levels

Indian brands have also become much more conscious about the need to monitor and regularise the inputs going into their products from the supply chain.

Work from home (WFH) has been another factor that has created lifestyle changes among the consumers leading them into sedentary situations for long periods.

This change in lifestyle is also reflected in consumer purchases making them search for more comfort in the apparel.

RELATED NEWS Denim's domestic downturn is mitigated by strong exports

This necessitated changes in fibre, weaving, sewing, and washing levels to reduce the wear stress on the body.

Major corporates joining the show include including Arvind, Bhaskar, LNJ, Ginni, Hyosung, Nandan, Jeanologia (Spain), Global Wash House, VAV, KG Denim, Spectrum, Lenzing, Oswal Denim, Jindal, Raymonds, SF Dyes, Blu Connection, Siyaram, Anubha, WEKO (Germany), Ultra, Deridesen(Turkey), Nandan, Kemin, Fashion Accessories, Ramsons, Suryalakshmi, Fibro Organic, Lion Fabrics, Officina, Texenzyme, Synergies Bangladesh, Lycra, Vinod Denim, etc

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08 April 2022, Mumbai:

Spotlight on the Montex stenter at ITM.

ITM 22 international textile machinery show which is taking place from June 14-18 at the Tüyap Fair and Congress Centre in Istanbul, after a three-year break.

READ MORE Texhibition Istanbul Fabric and Textile Accessories Fair, March 16-18

“We will be emphasising the robustness and versatility of the Montex stenter for essential processes such as drying, stretching, heat-setting, and coating at the Istanbul show,” said Monforts Area Sales Manager Thomas Päffgen.

RELATED NEWS Istanbul Fashion Connection launched successfully

“The Montex has become the industry standard for the fabric finishing industry, providing a number of advantages in terms of production throughput and especially in energy efficiency and savings.”

With the latest Montex stenters, overall energy savings of up to 40% can now be achieved compared to a conventional stenter with no heat recovery or energy optimisation measures like high-quality chamber insulation.

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07 April 2022, Mumbai:

With 4,856 customers and business inquiries worth Rs. 3,650 crore, the IHGF Delhi Fair comes to a close.

The 53rd edition of the IHGF Delhi Fair was a success, with 4,856 buyers and buying agents from 92 countries attending and generating business inquiries worth Rs. 3,650 crore.

Raj K Malhotra, Chairman, EPCH, Dr. Rakesh Kumar, DG, EPCH & Chairman, IEML; Members of the EPCH Committee of Administration; and RK Verma, Executive Director, EPCH were all present at the valedictory event. The IHGF Delhi Fair had 2,596 exhibitors and was well-attended by the worldwide sourcing community.

ALSO READ 53rd IHGF Delhi Fair 2022: CONNECTING THE BEST IN INDIA's

Many purchasers chose eco-friendly and compatible options in home and leisure items, putting sustainability at the forefront. Among other household items, European shoppers have found fascinating frequent use bags as alternatives to plastics.

"Our purchasers have been pleased to realize that we share the worldwide concern for environmental preservation," RK Malhotra remarked. They were impressed by the items on the show by our exhibitors, which all confirmed current and forthcoming trends in worldwide markets, making them in great demand."

RELATED NEWS IHGF, Export Promotion Council for Handicraft (EPCH) registers heavy turnout, business enquiries surge

"While many established players (manufacturers/exporters) in India have taken decisive steps to be socially and environmentally responsible and compliant, and are certified," Dr. Rakesh Kumar said, "there are many artisans and manufacturers at the grassroots level whose business model is essentially based on sustainability." Through this fair, we've brought them to the fore."

Exhibitors were also presented Ajai Shankar Memorial Awards for Best Design Display. Ayush Behal of Alpha Corporation, Ludhiana (Gold); Chirag and Sanya Parnami of Seen Unseen, Jaipur were awarded in the Home Textiles, Furnishings, and Floor Coverings category (Silver).

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CREDITS: PBI.