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.

10 March 2022, Mumbai:

Exporters to be the key gainers out of plummeting rupee exchange value.

The rupee has depreciated 3.5% this year.

TAILWIND

Rupee depredation
To benefit labour-intensive exports.

ALSO READ: India’s Textile and Clothing (T&A) exports increased in rupee terms: April-December 2021

The Concerns
Limited gain for high
Import-intensive sectors
Imported
Raw material becomes expensive

Buyers seek discounts, say exporters receiving queries from buyers to cut prices for fresh orders. "Our orders from Europe are being deferred red and there are issues related to shipping also.

And many buyers want us to pass on the benefits of a weaker rupee to them," said a Delhi-based garment exporter, who did not wish to be identified.

RELATED ARTICLE Russia at War: Impact on Tirupur Exports Sector

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CREDITS: ET Dated 10-03-2022. 

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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10 March 2022, Mumbai:

The pulp and fiber business of Grasim Industries, Birla Cellulose, has completed the first pilot-scale spin-off of eco-friendly next-generation lyocell fiber containing 20 percent Nanollose microbial cellulose (Nullarbor-20TM).

The first pilot spin-off marks a significant milestone in Birla Cellulose’s strategy for commercialization of this technology that uses sustainable biomass produced from the fermentation of food industry waste.

The fibers have been produced maintaining all superior attributes of Birla Excel (lyocell) such as comfort, strength, durability, and moisture absorption while further enhancing the sustainability quotient by  Birla Cellulose, ing Nanollose’s microbial cellulose that reduces pressure on virgin wood-based pulp.

ALSO READ: Birla Cellulose: Lyocell with Nanollose

The completion of the pilot spin demonstrates the potential for making this forest-friendly fibre using Birla Cellulose’s existing manufacturing setups and augurs well for the potential commercialization of this technology.

The completion of the first pilot-scale spin process highlights the capabilities of Birla Cellulose’s and Nanollose’s technical teams to overcome the challenges associated with scaling production from laboratory to industrial-grade processing across multiple continents.

This also included the procurement of microbial cellulose at carefully defined specifications, the establishment of quality control and optimisation procedures, experimentation of drying and purification methods, and the exchange of technical information between Nanollose, its contract researchers, and Birla’s technical team in relation to the fibre spinning process.

Birla Cellulose is a leading sustainability-focused Man-Made Cellulosic Fibres (MMCF) producer.

It operates 12 sites that apply environmentally efficient closed-loop technologies that recycle materials and conserve natural resources. Its five global advanced research centers are equipped with state-of-the-art facilities and pilot plants.

RELATED ARTICLE Grasim Industries, Birla Cellulose aims to reduce its net carbon emissions to zero across all its operations by 2035

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CREDITS: Knitting Industry report.

08 March 2022, Mumbai:

The cancelling of orders by international buyers due to the cotton shortage is having a severe impact on the Indian textile mills, says Ravi Sam, Chairman, Southern Mills India Association (SIMA).

He urged the government to remove import duties on cotton with immediate effect.

ALSO READ SIMA: India to face a cotton shortage

Immediate removal of the import duty will boost imports in May leading to huge profits for Indian farmers and enabling them to begin sowing for the next season, adds Sam.

The propagation of international traders for the removal of import duty will affect farmers badly but, non-removal will lead to the doom of the textile industry, he adds.

Only end-users should be allowed to import cotton and not the international traders who try and hold them creating a further crisis for the Industry, states Sam.

RELATED ARTICLE The Southern India Mills’ Association (SIMA): Union Budget 2022-23, a growth oriented one

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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.

10 March 2022, Mumbai:

Thanks to its strategic focus on wood-based specialty fibers and the predominantly positive market environment, the Lenzing Group recorded a significantly improved revenue and earnings performance in 2021 compared to the previous year.

Increasing optimism in the textile and apparel industry as a consequence of the progress made with vaccinations and the continuing recovery in the retail sector ensured a strong rise in demand and prices on the global fiber market, particularly at the beginning of the reporting year.

Revenue grew by 34.4 percent to EUR 2.19 bn. In addition to the predominantly positive market environment, the focus on specialty fibers such as TENCELTM, LENZINGTM ECOVEROTM and VEOCELTM branded fibers also had a positive impact on revenue growth.

ALSO READ: Lenzing AG: Stephan Sielaff, new CEO

Specialty fibers currently account for 72.3 percent of fiber revenues. Significant increases in energy, raw material, and logistics costs occurred throughout the reporting year.

Earnings before interest, tax, depreciation, and amortization (EBITDA) almost doubled compared to the previous year to reach a level of EUR 362.9 mn (after EUR 192.3 mn in 2020).

The EBITDA margin rose from 11.8 percent to 16.5 percent. Net profit for the year amounted to EUR 127.7 mn (after EUR minus 10.6 mn in 2020), and earnings per share stood at EUR 4.16 (after EUR 0.24 in 2020).

“Lenzing can be pleased with a strong business year. Demand for our wood-based, biodegradable specialty fibers under the TENCELTM, LENZINGTM ECOVEROTM, and VEOCELTM brands continued to perform very well in 2021,” notes Cord Prinzhorn, Chief Executive Officer of Lenzing Group.

RELATED ARTICLE Lenzing: Comes up with global lyocell facility

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08 March 2022, Mumbai:

M.K. Stalin, the Chief Minister of Tamil Nadu, said on Monday that the State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT) will build a huge textile park in the Virudhunagar district.

Stalin said the 1,000-acre textile park will be under the Central government's Mega Investment Textiles Parks (MITRA) initiative, and a complete project report will be prepared soon.

ALSO READ: SIMA & CITI to impress upon Tamil Nadu CM, MK Stalin seeking to ramp up cotton production

The Tamil Nadu government also signed an MoU with 25 companies, including micro, small and medium enterprises (MSMEs), involving a potential investment of Rs 1,910 crore.

Stalin also launched the portal www.tnlip.com wherein owners of large tracts of land can list their properties for sale for industrial projects.

RELATED ARTICLE M.K. Stalin, CM Tamil Nadu urges centre for 'Removal Of Import Duties On Cotton'

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CREDITS:Free Press Journal & newstracklive. 

11 March 2022, Mumbai:

The Hon’ble Minister of State for Textiles and Railways, Smt. Darshana Vikram Jardosh inaugurated CITI’s Man-Made Fibre Conclave 2022 on 9th March 2022 held through a virtual platform.

The theme of the Conclave: US$ 450 Billion Global MMF Textiles Trade

Knowledge Partner – Wazir Advisors, Sponsors, Media Persons, and Delegates.

The Chief Guest

Smt. Darshana Vikram Jardosh, Hon’ble Minister of State for Textiles and Railways

ALSO READ: CITI’s Manmade Fibre Conclave'22: Virtual platform, 9th Mar

Smt. Darshana Vikram Jardosh inaugurated CITI’s MMF Conclave 2022, hailed the initiative of CITI for organizing such a timely and important Conclave for the MMF Sector being one of the thrust areas for this sector earmarked by the Government of India.

The Minister stressed that the Government is looking towards the inclusive and participative development of the Indian textile sector. and accordingly.

The Minister clearly alluded though it has its pain & pressure points and is fraught with the risk of getting directly pitted against better-prepared competition from the established players of MMF like China, Taiwan, South Korea, etc. clearly as they enjoy inherent advantages in terms of product quality, scale, lead times and prices.

The Hon’ble Minister exhorted the industry captains/ tycoons to look at investing in the MMF Sector and make best out of the schemes like PLI and PM MITRA supposed to be very supportive policies thus also provide huge employment opportunities for the Indian youths in this sector.

ALSO READ: Confederation of Indian Textile Industry’s (CITI), Hails Government’s Decision to set up Export Promotion Council for Technical Textiles

The Secretary (Textiles): Keynote Address

Again he also iterated that the growth in the textile sector can be achieved only through promoting right policies in the MMF Sector.

He was very categoric in his address nudging trade that," Globe is adopting China+1 policy for obvious reasons, and therefore, it is the right time for the Indian textile manufacturers to boost the trade of MMF products and reinforce our stature, position and above all our share in the global arena as India is certainly in sweet spot presently.

He said that the government is well seized of the present environment & precisely PLI and PM MITRA schemes were designed keeping in the mind the growth potential of the MMF sector.

He further emphasized and took pains to well apprise the industry that a number of states have shown interest to be a part of PM MITRA scheme for promoting the growth of the textile sector in their states and providing adequate employment opportunities. He alluded he is sanguine in his understanding about the trade," that good day are ahead".

Rajkumar congratulated the Hon’ble Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal for successfully signing the India-UAE Comprehensive Economic Partnership Agreement (CEPA).

Welcome Address: T. Rajkumar, Chairman, CITI

Thanked profusely the Hon’ble Secretary (Textiles), Shri Upendra Prasad Singh, IAS, for taking out his precious time.

He expressed industry optimism about the ongoing trade agreements with the leading Textile & Apparel markets such as Australia, UK, EU, Canada, etc.

He categorically stressed that" The textile industry is very excited about this trade pact". 

He very generously thanked the Hon’ble Minister of State for Textiles and Railways, Smt. Darshana Vikram Jardosh Ji, for inaugurating CITI’s MMF Conclave 2022.

T. Rajkumar was very frank in pinpointing issues, such as

inverted duty structure

lack of technical know-how

huge dependence on imported machinery, etc. referring to them as bottlenecks in the all-around growth of the Indian MMF Sector.

He further appealed to the Hon’ble Minister that why not bring the entire MMF value chain under a 5% GST regimen thus solving long-term pain point/ industry-demand to address the issue of inverted duty structure (IDS)

The other issue he raised was to announce schemes for the production and development of MMF raw materials similar to that of natural fibres like cotton, wool, silk, jute, etc.

1st Session

Chaired by Shri O.P. Lohia, Chairman, Indorama Synthetic (I) Ltd.

2nd Session was chaired by Ms. Roop Rashi, Textile Commissioner at the Government of India.

Here, the Panelists held nuanced discussions on specific business opportunities for the Indian textile stakeholders in the context of changing global scenarios and Government thrust on the MMF Sector.

Vote of Thanks in the Inaugural Session

Rakesh Mehra, Deputy Chairman, CITI, and Chairman, Banswara Syntex Ltd. proposed this.

The eminent speakers and industry multi-stakeholders from both home & globally brainstormed/ deliberated the Sessions on “Global Market Situation and Emerging Trends in the MMF Based Textile Industry” and “Growth Opportunities for Indian Companies in the MMF Sector”.   

Vote of Thanks

R.K. Vij, Advisor, Indo Rama Synthetics (I) Ltd. proposed it on the successful completion of CITI’s MMF Conclave 2022.

The MMF Conclave 2022 was attended by over 500 plus delegates from all over the world and culminated in successfully sharing valuable trade insights.

RELATED ARTICLE (CITI) The Confederation of Indian Textile Industries: Textile industry seriously affected by high cotton prices

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10 March 2022, Mumbai:

India’s Commerce Ministry plans to grant a few new incentives to textile exporters to expand their business in European and other markets.

Europe is a major market for Indian textile products including apparels.

Incentives for this market will help India boost exports and help Indian textile companies enter the European markets that currently charge heavy duties on Indian exports.

The proposed incentives will be aimed to offset these levies.

ALSO READ: In 2021, India's domestic textile exports would generate US $ 6.68 billion in income

While the rate of incentive is still being debated, it would be big enough to offset the proposed carbon tax of the EU and a few other levies.

The proposed incentives are being discussed at a time when the European Union’s proposed Carbon Border Adjustment Mechanism is likely to increase tariffs on Indian goods.

India has opposed the proposed tariffs, saying they make it difficult for Indian companies to compete against China and other manufacturing hubs.

The incentive will help India support a level playing field for Indian companies, exporting textile products to Europe.

RELATED ARTICLE Textiles & Apparel (T&A) Exports: Clocks Growth in April - December 2021 YoY

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CREDITS: Apparel Resources report.

08 March 2022, Mumbai:

VDMA, a renowned German Textile Machinery Association, has announced its next webtalk will take place on March 15, 2022, with the topic "Go Comfy with the Future of Finishing."

According to VDMA, the webtalk will be presented and managed by IndustryArena's VDMA Textile Machinery Newsroom. According to VDMA, the textile sector, which includes everything from clothes to upholstery, is on a quest to become greener, cleaner, and leaner. 

The goal of the webtalk is to have a discussion on how to make the textile sector more environmentally friendly while yet remaining lucrative.

ALSO READ VDMA: Webtalk on recycling of man-made fibres with more than 400 registrations

The webcast will discuss how a firm may overcome current obstacles to become greener and cleaner!

Boris Abadjieff of the VDMA Textile Machinery Association will open the webtalk, followed by a fireside chat with Miguel Amors of Pascual y Bernabeu and Simone Morellini of Baldwin Technology.

This link will take you to the registration page (there is no cost to participate):

RELATED ARTICLE Former Chairman of VDMA Textile Care, Fabric and Leather Technologies Reinhardt Veit deceased

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CREDITS: IndustryArena & Apparel Resources.