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

16 March 2022, Mumbai:

The latest textile index of 10 companies done by Wazir Advisors show sales and EBITDA recorded a tremendous growth during the nine months in fiscal 22.

The 10 reviewed companies were: Welspun India, Vardhaman Textile, Arvind Ltd, Trident Group, KPR Mills, Indo Count India, RSWM, Filatex India., Nahar Spinning Mills, and Indorama Indi. Sales grow by 30%.

The Wazir Textile Index shows overall sales of the 10 companies under review grew 30 percent compared to 9M FY20.

ALSO READ: Minister of State for Textiles: Potential to become the 2nd largest manufacturer of textile products

Consolidated sales grew 14 percent to Rs 38,094crore as against Rs 29,195 crore in 9MFY20.

EBITDA margins improved almost 75 percent during the fiscal year 2022 compared to the EBITDA in 9M FY20.

Average EBIDTA margins of these companies grew 5 percent, 17 percent, and 20 percent CAGR respectively from 2020-to 2022.

Raw material and other costs decline In terms of expenses, the average raw material costs of these companies decreased 4.0 percentage points to form 60 percent of overall sales during the period.

Their average employee costs decreased 1.0 sales percentage points during the nine-month period compared to 9MFY20.

Other expenses decreased by 1.0 percentage points during the period compared to 9MFY20.

ALSO READ: Ministry of Textile: Gets many applications for PLI in Man-Made Fibres, Techtex

Apparel outpaces textile growth- The consolidated earnings of these companies have seen significant recovery since FY21.

The Index of Industrial Production Index (IIP) recovered to pre-COVID levels.

While IIP for the apparel category increased by 78 percent during 9MFY22 as compared to the corresponding period in FY, the Average Wholesale Price Index (WPI) for apparel increased 3.5 percent compared to textiles which went up 12 percent each in 9M FY22 as compared to 9MFY20.

11% growth in textile and apparel exports Textile and apparel exports grew at 11 percent CAGR during 9M FY22 since 9M FY20.

Export of fibers recorded the highest growth of 58 percent followed by 36 percent growth in yarn exports. In Q3 FY22, fiber exports grew at 50 percent CAGR as export of cotton increased due to the US ban on cotton purchases from China.

India’s textile exports to the EU declined from 23 percent to 14 cents whereas exports to Bangladesh increased to 11 percent from 7 percent seen during the same period last year.

ALSO READ: Piyush Goyal: Next Textile sector Unicorn should come from the 'ICT'

Imports decline 3% Overall textile and apparel imports by these ten companies declined 3 percent during 9M FY22 as compared to 9M FY20.

Import of filament yarn grew 24 percent CAGR since 9M FY20. However, the import of fiber and home textiles declined during the period as compared to 9M FY20.

China dominates T&A imports from India China continues to be the largest importer of textiles and apparel from India with a share of 41 percent in 9M FY22.

However, the country’s import share declined 4.0 percentage points from the corresponding period of 9M FY21.

EU’s import of share of textiles and apparel from India also declined 6 percent in 9MFY22 compared to 9M FY20 in 9M FY22.

Imports were hit by multiple nationwide lockdowns and restricted movements.

However, in recent times EU-27 countries have been increasing imports from countries like China, Bangladesh, Turkey, India, and Pakistan.

RELATED ARTICLE Commerce Min Proposes Sops To Textile Exporters For EU Mkts

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14 March 2022, Mumbai:

The textile ministry has received applications from as many as 67 companies to avail benefits of the production linked incentive (PLI) scheme for man-made fibres and technical textile sectors, a top government official said on Saturday.

The PLI scheme for textiles covers 40 man-made fibre (MMF) garment items, 14 MMF fabric goods and 10 technical textile products.

The government had approved the PLI scheme worth ₹10,683 crore for the sector with an aim to boost domestic manufacturing, create jobs and promote exports.

ALSO READ: The deadline for applying for the PLI scheme has been extended once more

“We have taken a number of steps to promote growth of the technical textile sector. There has been a very good response for the PLI scheme.

“As many as 67 companies have made applications for being a part of the PLI for MMF and technical textiles and against our expectations of over ₹19,000 crore investments, these companies have shown that they would be investing like ₹22,000-23,000 crore in the MMF and technical textiles,” Textiles Secretary U.B. Singh said at a CII event.

RELATED ARTICLE Production Linked Incentive (PLI) Scheme for Textiles: Operational guidelines issued

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CREDITS: DBP News.

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).

15 March 2022, Mumbai:

NILA Jaipur

The space in the heart of Jaipur, that often hosts workshops, will exhibit the installation as a patchwork of individual, 15-inch textile squares handmade by over 200 artisans across Rajasthan, with contributions from students, craft enthusiasts and experts who use a range of textile craft traditions.

Last week, in the Pink City of Jaipur, Nila House – a dedicated spot for indigo and its indigenous use across home decor, fashion and textile by Carole Bamford, opened an exhibition titled ‘Stories of Healing in Cloth’.

Led by Dia Mehta Bhupal, Neha Modi, Nila and Sana Rezwan, the exhibition spotlights how the meditative and creative expression of art and craft carry the experience of our generation.

ALSO READ: National Handloom Day: Textiles Minister Piyush Goyal exhorts trade for increasing 'Handloom Export'

The space in the heart of Jaipur, that often hosts workshops, will exhibit the installation as a patchwork of individual, 15-inch textile squares handmade by over 200 artisans across Rajasthan, with contributions from students, craft enthusiasts and experts who use a range of textile craft traditions. 

The final artwork will carry Rajasthan’s iconic, heritage crafts of hand block printing, dhabu mud-resist printing, kantha and tagai stitch, appliqué and ralli embroidery, leheriya and natural indigo dyeing.

RELATED ARTICLE Minister of State for Textiles: Potential to become the 2nd largest manufacturer of textile products

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CREDITS: Nila Jaipur Vogue News Fakts (The news article has not been edited by DFU Publications staff).

14 March 2022, Mumbai:

Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, today said the next Textile sector Unicorn should come from the ICT.

Addressing the e-Summit 2022 of the Institute of Chemical Technology, Mumbai on Atmanirbhar Renaissance, he called upon the ICT students to take the leadership in Tex-preneurship, the Textiles sector entrepreneurship. Goyal said the ICT has one of India’s best Fibres & Textile technology department in the country.

The ICT has a distinguished alumni like Mukesh Ambani of Reliance Industries, Indravadan Modi of Cadila Pharmaceuticals, Nilesh Gupta of Lupin Limited and Ashwin Dani of Asian Paints, he added.

ALSO READ: Piyush Goyal: Time for the Startups to help India become self-reliant

“They have played an important role in making India Aatmanirbhar, particularly in the Chemicals and Pharma sectors. It’s unbelievable how one institute can shape a whole sector.

In fact, in some sense, the ICT is to the Chemicals industry what very highly reputed Ivy league colleges are to the technology world or management world across nations.

And I do believe each one of your students has a responsibility to carry this legacy forward!” said Shri Goyal, in his address delivered over video conference.

RELATED ARTICLE Venture Intelligence report: Investments by PE-VCs registers grow in Jan 2022

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CREDITS: PIB.

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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15 March 2022, Mumbai:

The Textile Association (India), Mumbai Unit is organizing a One Day Seminar on Saturday, 26th March 2022 at Hotel Fortune Park Galaxy, Vapi.

The theme of the Seminar is “Technical Textiles – Need of today and tomorrow”.

TAI, Mumbai Unit is organizing this exclusive seminar to discuss the need for technical textiles for today and tomorrow.

ALSO READ: CII x Min of Textiles: International Conference on Technical Textiles, 12 March

The deliberations in this seminar will show the future trend to do more towards new arenas of research, innovation, market development, and investments in the technical textile business.

In this seminar, the experts from the field of technical textiles will address the gathering.

The seminar will also discuss the issues related to Govt. initiatives for helping the technical textiles sector.

There will be a Panel Discussion wherein the panel members will discuss the participants’ concerns on the theme. We are expecting over 200 delegates to participate in this seminar.

RELATED ARTICLE NATIONAL TECHNICAL TEXTILES (NTT) MISSION: 20 Projects Get approval

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11 March 2022, Mumbai:

AATCC’s bi-monthly peer-reviewed Journal, will now be hosted by SAGE Publications.

The SAGE platform will offer the AJOR a broader distribution to more subscribers and a faster time for publication for authors. AJOR has a broad scope: from advanced materials, artificial intelligence in textiles, fibers, and textile and polymer chemistry, to color science, apparel design, and sustainability.

AJOR is your one-stop-shop for innovative textile publications! Under the leadership of AJOR Editor-in-Chief Gang Sun, of the University of California, Davis, the Journal has grown its impact factor (currently at 1.127).

ALSO READ: AATCC Announces Dates for Fluorescence and High Visibility for Textiles

Now, the new SAGE peer-track system will help provide a faster time-to-publication for authors.

Associate Editors for the AJOR include Jiangning Che, California State Polytechnic University, Pomona; Emiel DenHartog, North Carolina State University; Renuka Dhandapani, Cotton Incorporated; Ahmed El-Shafei, North Carolina State University; Matthew Farrell, Cotton Incorporated; Sabyasachi Gaan, EMPA Standard Sankt Gallen, Peter Hauser, North Carolina State University (retired); Muhammad Dawood Husain, NED University of Engineering and Technology; C. W. Kan, The Hong Kong Polytechnic University; Bipin Kumar, Indian Institute of Technology Delhi; Calvin Lam, Charming Printing Ltd., Seungsin Lee, Yonsei University; Rong Liu, The Hong Kong Polytechnic University; Sumit Mandal, Oklahoma State University; R. Bryan Ormond, North Carolina State University; Roshan Paul, Indo-German Science & Technology Centre; David Proctor, International Antimicrobial Council; Xuehong Ren, Jiangnan University; Ram Sabnis, Georgia-Pacific LLC; Ajoy Sarkar, Fashion Institute of Technology; Wai Keung “Calvin” Wong, The Hong Kong Polytechnic University, Binjie Xin, Shanghai University of Engineering Science; and Yiqi Yang, University of Nebraska, Lincoln.

RELATED ARTICLE AATCC Announces Dates for Fluorescence and High Visibility for Textiles

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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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14 March 2022, Mumbai:

The Indian textile industry has the potential to become the second-largest manufacturer of textile products in the world after China, said Darshana Jardosh, Minister of State for Textiles and Railways, during the inaugural address at CITI’s Man-Made Fibre Conclave 2022 held on 9th March 2022.

The Minister stated that “the textile industry is one of the priority sectors for the Government of India and appreciated CITI for organizing MMF Conclave 2022 at such an opportune time”.

ALSO READ:

The Minister also stated that “the Government is looking towards the inclusive and participative development of Indian textile sector and accordingly, the Government’s central focus has recently been on increasing the textile manufacturing many-folds by developing the best-in-class manufacturing infrastructure, up-gradation of technology fostering innovation, enhancing skills and utilising traditional strengths in the MMF textile sector.”

The Minister exhorted the industry captains to heavily invest in the MMF Sector and take advantage of recently announced schemes like PLI and PM MITRA for the holistic development of this particular sector.

This will increase India’s share in global trade and provide huge employment opportunities for the Indian youths.

RELATED ARTICLE Import duty exemptions on leather products to boost exports, says CLE

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11 March 2022, Mumbai:

Textile Company Arvind Ltd fully restarted operations at its Ankur Unit. The operations at the unit had been disrupted due to the disconnection of the effluent discharge connection.

The restarting of the operations led to Arvind Ltd’s stocks rising by over 9 per cent.

The small cap stock touched an intraday high of Rs 125.9, rising 9.24 per cent against the previous close of Rs 115.25 on BSE.

ALSO READ: Arvind Fashions posts Q3 FY22 results

The stock opened with a gain of 3.95% at Rs 119.80 today.

A total of 2.14 lakh shares of the firm changed hands amounting to a turnover of Rs 2.64 crore on BSE.

Arvind Ltd stock trades higher than 5-day, 20-day and 200- day moving averages but lower than 50 day and 100 day moving averages.

The share has gained 63 per cent in one year and risen 2.61 per cent since the beginning of this year.

RELATED ARTICLE Arvind's Ankur unit effluent discharge unit disconnected: Gujarat High Court order

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CREDITS: Business Today report.