23 March 2022, Mumbai:

Innovative, fashionable, sustainable will define the Denim Show as the industry will get together to showcase their prowess at its first-ever Mumbai edition from 12 – 14 May 2022 at the newly launched Jio World Convention Centre (JWCC) in BKC.

As one the fastest recovering market segments post the pandemic outbreak, the denim industry is pegged to showcase a sustainable growth rate of 12% CAGR, highlighted Denim Manufacturer Association’s (DMA) Secretary General Mr Gagandeep Singh.

ALSO READ Denim Show will be held alongside Gartex Texprocess India 2021

All set for its Mumbai launch, the Denim Show aims to bring the India’s denim mills and leading brands together to tap opportunities through the versatility of denim - the fashion statement of future.

Leading brands such as Hyosung India, Jindal Worldwide, Arvind, Ginni International, Raymond UCO Denim, Bhaskar Denim, LNJ Denim, Oswal Denims, KG Denim, Nandan Denim, and Ashima Group among others have confirmed their participation for the Mumbai launch.

The show will be jointly organised by Messe Frankfurt Trade Fairs India Pvt Ltd and Mex Exhibitions Pvt Ltd under the umbrella of Gartex Texprocess India, and cover the latest developments in textile, garment machinery and screen printing with the objective to encourage investments, new market development and enable India to be a globally competitive textile and denim manufacturing destination. India is the world’s second largest producer of denim fabric after China.

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“The Indian denim market capacity, at present, is approximately 1.6 BN meters p.a. and approximately 150 MN meters capacity.” added Mr Gagandeep Singh.

The Indian denim industry has evolved significantly with ever changing fashion trends making its way into other utility-driven products. Innovative, fashionable, sustainable is what the organisers define will be the focus of the Denim Show in 2022.

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21 March 2022, Mumbai:

SIMA welcomes fund allocation for Sustainable Cotton Cultivation Mission announced in the Tamilnadu Agriculture Budget 2022-23.

Tamilnadu textile industry which accounts for 1/3 rd of the textile business size of the country provides direct jobs to over sixty lakh people is predominantly cotton-based.

Tamilnadu textile industry needs 120 lakh bales of cotton annually (170 kgs each), while the State produces only five lakh bales per year.

The Association has been pleading the Hon’ble Chief Minister to give more thrust for cotton development in Tamilnadu, as the spinning mills in the State spend between Rs.3/- and Rs.6/- per kg towards transportation to source cotton from other States and cost of the same has been increasing steeply with the increase in diesel price.

ALSO READ SIMA: TN Budget 2022-23, Growth oriented one

Consequently, the Hon’ble Chief Minister has launched Sustainable Cotton Cultivation Mission and is encouraging cotton development in the State.

In a Press Release issued here today, Mr.Ravi Sam, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Hon’ble Chief Minister, Mr.M.K.Stalin and Hon’ble Minister for Agriculture, Mr.M.R.K.Paneerselvam for allocating Rs.33,007.68 crores to the Agriculture Department in the State Agriculture Budget for the year 2022-23 which would greatly benefit the farmers at large and cotton farmers in particular.

He has been thanked for allocating Rs.15.32 crores in the budget to enhance the cotton yield.

He has pointed out that the average cotton yield per hectare in the State is around 585 kgs as against the world average of 805 kgs while over 20 countries achieve over 1500 kgs per hectare.

RELATED NEWS SIMA, CHAIRMAN: Indian Textile Mills concerned about global order cancellations

He has said that SIMA Cotton Development & Research Association (SIMA CD & RA) has been closely working with the Department of Agriculture in implementing various schemes relating to cotton.

Ravi Sam has said that the State has the potential to increase cotton production from the current level of 5 lakh bales to 15 lakh bales in five years with the proposed Mission.

He has added that the State would give importance to the cultivation of sustainable, extra-long-staple cotton and SIMA CD & RA is fully equipped to implement the Mission right from the supply of genetically pure seeds.

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17 March 2022, Mumbai:

Fashion for Good has announced the selection of eight innovators for its 2022 Global Innovation Programme, who were chosen from a pool of innovators recruited throughout the world and who pitched their creative ideas to Fashion for Good partners.

"We're thrilled to have these eight new inventors join the Fashion for Good Innovation Program in 2022." The huge impact and carbon reduction prospects that their solutions provide motivate us.

We seek to give them with the finest assistance to speed their exposure and progress into the market, with an emphasis on generating impact and implementation," stated Katrin Ley, MD, Fashion for Good.

ALSO READ Fashion for Good: Global Innovation Programme 2022

DyeRecycle, Ever Dye, Idelam, Kintra Fibers, Modern Synthesis, Premier Plastics, Refiberd, and Rubi are among the shortlisted innovators for the Fashion for Good 2022 Global Innovation Programme. DyeRecycle (UK): DyeRecycle's patented technology combines the need to recycle as well as the requirement to reuse.

Ever Dye (France): With efficient dying procedures and sustainable colors, Ever Dye is on a mission to change the fashion business. They've created two chemical solutions that increase dye house production capacity and allow them to dye quicker while using less energy and no petrochemicals because their dyestuff is formed of vegetal waste and minerals.

RELATED ARTICLE Paris Fashion Week 2022: “La Vie en Rose” for Valentino

Idelam (France): Idelam creates supercritical CO2 techniques for complicated, multi-material goods and trash, such as coats and footwear, so that they may be recycled or reused. Kintra Fibers (USA) has created a novel plant-based polyester substitute that matches the performance and affordability of standard synthetics. Modern Synthesis (UK): Modern Synthesis is a London-based biotech firm that uses biology to create the next generation of materials.

Premirr Plastics (USA): Premirr Plastics is a cutting-edge technological firm that is working to solve the global plastics dilemma. 

Refiberd (USA) is working on a breakthrough textile recycling technology that combines artificial intelligence (AI) with a patent-pending chemical recycling process to turn worn, discarded textiles into fresh, reusable thread.

Rubi (USA): Rubi uses synthetic biology to create carbon-negative fabrics for the fashion sector.

Rubi, which was founded in 2020, produces high-quality, natural textiles solely from carbon emissions, bypassing conventional agriculture and manufacturing to create a product that is carbon-negative, water- and land-neutral, and naturally biodegradable.

RELATED ARTICLE FASHION FOR GOOD: LATEST PROJECT TRANSFORMS AGRICULTURAL WASTE INTO FIBRES

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CREDITS: Fashion for good & Apparel Resource

23 March 2022, Mumbai:

Cotton yarn exports from India continue to rise, reaching an all-time high in January of this year. In the first month of 2022, the country sent US $ 493.30 million in cotton yarns (up 96.92 percent on a year-over-year basis), the highest ever export income in the category in January.

The previous highest export revenue in cotton yarns was US $ 435.73 million in January 2014. It's worth mentioning that, despite domestic protests, India's cotton yarn export profits in 2021 were US $ 4.69 billion, or a 79.64 percent annual increase.

With sales of US $ 220.45 million and US $ 32 million, respectively, exports to Bangladesh and Turkey have remained unstoppable.

ALSO READ Andhra Pradesh (AP) Cotton farmers face hardship as CCI yet to enter market ensuring Minimum Support Price (MSP)

On the one hand, cotton yarn exports to Bangladesh increased by 338.36% in January '22 over January '21; on the other hand, Turkey opened up new growth opportunities for India with a tremendous 1,503% annual rise, despite the fact that shipping to this nation was just US $ 2 million a year before.

What's fascinating is China's decline, since Indian cotton yarn shippers appear to be fleeing the nation in search of new markets where Indian cotton yarn may get a foothold.

RELATED NEWS Imports of cotton trousers in the United States: China loses ground in 2021; others maintain their lead

In January of this year, shipments to China fell by 59.24 percent to US $ 23.65 million, compared to US $ 58 million in January of the previous year. Even Portugal kept ahead of China, with imports of Indian cotton yarns reaching US $ 25.78 million in January '22, an increase of 324.86 percent on an annual basis.

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CREDITS:  Apparel Resources.

18 March 2022, Mumbai:

ITMA 2023, the 19th showcase of the world’s largest textile and garment technology exhibition is on track to occupy 12 halls of the Fiera Milano Rho exhibition complex.

The exhibition has drawn an enthusiastic response from leading textile and garment technology manufacturers, according to CEMATEX (European Committee of Textile Machinery Manufacturers), the show owner of ITMA. More than 93 percent of the exhibition space has been sold by the application deadline of 15 March 2022.

A total of 1,364 applicants from 42 countries have booked over 111,000 square meters of net exhibition space.

ALSO READ ITMA 2023: Start-Up Valley

Mr Ernesto Maurer, President of CEMATEX, said: “The response to ITMA 2023 has exceeded our expectations despite the economic and geopolitical uncertainties confronting the global business community.

We appreciate the strong endorsement from the industry. The space booking status shows the industry’s confidence in ITMA as the best global launch pad of the latest technologies and innovations.

RELATED NEWS 'ITMA Live series' to feature Innovative Technologies

” Mr Charles Beauduin, Chairman of ITMA Services, the organiser of ITMA 2023, added: “After weathering over two years of the pandemic, the global business community is eager to get down to real business.

Businesses are looking at long-term investments in key technologies to remain competitive. As the world’s most established showcase of its kind, ITMA is the quintessential platform for the industry to buy and sell, and to collaborate face-to-face.”

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CREDITS: ITMA.

16 March 2022, Mumbai:

According to the Handloom Census 2019-20, about 35,22,512 Handloom workers were employed across the country, out of which 25,46,285 were Women workers with a share of 72.29% of the total handloom workers.

In addition, there are around 16,87,534 Women Handicraft artisans registered with Office of Development Commissioner (Handicrafts).

The figures showing the number of women working in the unorganized sector viz.

ALSO READ: Bihar Government proposes mega hub under PM Mitra Mega Textile Park

Handlooms and Handicrafts sector of the textile industry, State-wise are at Annexure I & II respectively.

With a view to attract investment, boost employment generation and position itself strongly in the global textile market, the Government has recently approved Production Linked Incentive (PLI) Scheme for Textiles and Pradhan Mantri Mega Integrated Textile Region and Apparel (PM-MITRA) Scheme which have potential to generate large scale employment in the sector.

RELATED ARTICLE: Near search of a massive textile park in Jodhpur! The state of Rajasthan has submitted a concept note for the MITRA park

In addition, the Government is implementing various schemes viz the Amended Technology Upgradation Fund Scheme (A-TUFS), Schemes for the development of the Powerloom Sector(Power-Tex), Scheme for Integrated Textile Parks (SITP),SAMARTH- The Scheme for Capacity Building in Textile Sector, Jute (ICARE- Improved Cultivation and Advanced Retting Exercise), Integrated Processing Development Scheme (IPDS), Silk Samagra, National Handloom Development Programme, National Handicraft Development Programme, Integrated Wool Development Programme (IWDP), National Technical Textile Mission etc. for promotion and development of textile sector on pan-India basis.

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

23 March 2022, Mumbai:

In order to be more sustainable, Boohoo, a British clothes online shop, has partnered with CottonConnect. CottonConnect is a non-profit organization that works with Pakistani farmers to help them grow cotton in more environmentally friendly ways.

Together, Boohoo and CottonConnect have assisted in the training of 2,500 farmers on how to grow cotton in a more sustainable manner, allowing the British e-tailer to trace the cotton down to the village where it is grown.

Training at specially built demonstration plots was required for the development of Responsible Environment Enhanced Livelihoods (REEL) cotton. 'Ready for the Future' labels are prominently displayed on Boohoo goods produced with REEL cotton.

ALSO READ  World Cotton Day is observed by the Indian textile sector

The REEL procedure aids the company in tracing and tracking cotton across the supply chain. The cotton is then washed and ginned before being taken from the field to be spun into yarn, woven into cloth, and coloured.

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CottonConnect also informs farmers about the advantages of minimizing pesticide use. The Boohoo Group is a British online fashion shop that caters to young people aged 16 to 30. The company was established in 2006 and had revenues of £856.9 million in 2019.

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CREDITS:  Eco Textile Apparel Resources & Fashion Network.

16 March 2022, Mumbai:

Vinay Thadani- Chief Financial Officer and Chief Operating Officer, Vishal Fabrics informs, the company’s export team plans to add 12 countries from the southern region and is working on Latin America and European countries & Pre covid, Vishal fabrics focused on the domestic segment.

However, now it is focusing more on the export front.

Vishal Fabrics is exposed to the US and European markets as they make up for a large consumer base.

ALSO READ: Vishal Fabrics continues to focus on 'Quality & Innovation'

Consumers in the US and Europe tend to change wardrobes with changes in fashion trends.

Post the pandemic, there has been a significant impact on the business environment.

However, resting on its strategic abilities, Vishal Fabrics online to grow and improve our profitability and performance.

RELATED NEWS: The sale of finish textiles at Vishal Fabrics Limited (India) goes up

Now, the company’s export team is planning to add 12 countries from the southern region & are working on Latin America and European countries.

In the future, the company plans to launch 25 percent capacity in the denim unit with additional 2 denim lines. One Denim line will be commercialized in the current financial year and the second line will commence in the Q1 of next fiscal year.

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21 March 2022, Mumbai:

Lenders to the debt-ridden Sintex Industries have approved Reliance Industries’ over Rs 3,650 crore bid for the Gujarat-based company.

RIL, which has partnered with stressed asset buyer Assets Care & Reconstruction Enterprise (ACRE) for the Sintex bid, has also offered a 15% equity to lenders.

The RIL-ACRE resolution plan now needs the approval of NCLT-Ahmedabad.

ALSO READ Sintex Inds: RIL-ACRE revise offer

"As per Resolution Plan of Reliance Industries Limited jointly with Assets Care & Reconstruction Enterprise Limited it is proposed that existing share capital of the company shall be reduced to Zero and the Company will be delisted from the stock exchanges i.e. BSE and NSE," the company said.

RELATED NEWS Bidders for the textile company Sintex have submitted amended resolution plans

"The e-voting on approval of Resolution Plan was concluded on March 19, 2022, at 10.00 pm, and the 100 percent CoC members have duly approved the resolution plan submitted by Reliance Industries Ltd jointly with ACRE," the filing said.

Sintex Industries has also received bids from Welspun Group firm Easygo Textiles, GHCL and Himatsingka Ventures, Shrikant Himatsingka and Dinesh Kumar Himatsingka were placed before the CoC for consideration during the voting process.

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CREDITS: TOI MINT NDTV (The news article has not been edited by DFU Publications staff)

17 March 2022, Mumbai:

The next edition of Techtextil North America will take place in Atlanta from May 17nd to 19th. At Atlanta ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Agency organize an Italian Pavilion, where 17 Italian machinery manufacturers involved in the production of machines for technical textiles will show their innovative solutions.

ALSO READ ITALIAN TEXTILE MACHINERY: ORDERS GROW AGAIN IN 2021 FOURTH QUARTER

ACIMIT members exhibiting in the Italian Pavilion are: 4M Plants, Aeris, Arioli, Computer House, Fadis, Flainox, Guarneri Technology, Ima, Kairos Engineering, Mcs, Ramina, Siltex, Stalam, Testa, Willy.

ALSO READ ITMF-- 12th Corona-Survey

The US textile industry is one of the top in US manufacturing sector, with a sales volume of exceeding US$ 64 billion in 2020, with approximately 300,000 workers and about 15,000 companies.

RELATED NEWS

The industry's strength lies in cotton, man-made fibers, and a wide variety of yarns and fabrics, including those for apparel and industrial uses.

In 2021, the USA represented the third market for Italian textile machinery exports, behind China and Turkey.

RELATED ARTICLE ITMF welcomes ARISE Integrated Industrial

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16 March 2022, Mumbai:

The Bihar government has proposed to set up mega-hub under the PM Mitra Mega Textile Park envisioned by the NDA regime.

Shahnawaz Hussain, Industries Minister, informed, the state government has identified 1,719 acres of land in West Champaran.

The last date to submit a proposal from the state to the Union textiles ministry to acquire one of the seven ‘Mega Textile Parks’ under the PM Mitra project is March 15.

ALSO READ: Near search of a massive textile park in Jodhpur! The state of Rajasthan has submitted a concept note for the MITRA park

Hussain said that the state government has submitted the proposal to the central government after scouting the land well in time and making all required preparations.

The Cabinet Committee has approved the setting up of seven mega textile parks under the Pradhan Mantri Mitra Yojana 2022 for which an amount of ₹4,445 crores has been allocated for the next five years.

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

The scheme aims to establish “holistic integrated textile processing regions” across the country.

The PM Mega Integrated Textile Region and Apparel (PM MITRA) parks will integrate the currently scattered value chain of textile products.

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