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. 

08 March 2022, Mumbai:

Digital Textile Printing Market to Witness Massive Supply Chain Disturbance as COVID-19 Pandemic Continues to Affect Printing Industry.

The global digital textile printing market is anticipated to clock a remarkable CAGR of 16.3% over 2022-2029, as suggested by the new ESOMAR-certified market research and consulting firm’s market intelligence report.

This astonishing market growth is majorly driven by increasing penetration of the printing sector in developing markets such as China, Mexico, and India, and technological advancements that have taken place over time.

ALSO READ: Messe Frankfurt India postpones ‘Screen Print India’ editions focused on digital printing

Potential Impact of COVID-19 In light of the measurable impact of the COVID-19 pandemic on the printing industry, study projects that, industry players will most likely fail to meet their financial targets due to considerable supply chain disturbance, led by reduced customer demand.

Alerted by the current market situation, leading players are building essential operational flexibility to survive the pandemic. In addition, the pandemic has triggered implications to digitally transform workplaces in order to better serve end-users and thrive over the course of the following years.

This crisis will possibly create a fertile ground for the potential transformation of the digital textile printing market, as stated by the study.

Manufacturers are slowly making developments in quality digital textile printing technology, and thus, flexography and lithographic printing technology providers are slowly shifting to digital printing processes. The growth outlook of digital textile printing seems promising.

RELATED ARTICLE Experience print in motion at FESPA Global Print Expo 2022

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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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07 March 2022, Mumbai:

About Company

Born of humble beginnings in the year 1984, the group today is a business giant with over 10,000 employees. The Group has more than 200,000 spindles and 3000 rotors for producing PV-dyed yarn.

Textile business Sangam India Limited continues in its journey of sustainability to become a leading sustainable business.

The company has taken relentlessly been seen to have taken consistent steps in this direction which more certainly includes increasing its use of clean energy and ameliorating its waste treatment amongst a few other measures.

ALSO READ: Sangam India plans to increase its cotton production capacity

*SIL has already installed 2 Solar power plants of 5 MW that on average help them to bring down their carbon footprint by at least 20% per annum. The company also successfully runs 3 ETPs and 4 STPs to reduce industrial water contamination and reclaim the water for favourable purposes

To begin with, SIL has already installed 2 Solar power plants of 5 MW that on average helps them to bring down their carbon footprint by at least 20% per annum.

The company also successfully runs 3 ETPs (Effluent treatment plant) and 4 STPs (Sewage treatment plant) to reduce industrial water contamination and reclaim the water for favourable purposes.

Going forward, SIL also plans to increase the use of recycled fibre, leading to lesser consumption of plastic waste by using it as a raw material.

RELATED ARTICLE Sangam India's exports increased year over year (YoY)

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CREDITS: HT. 

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. 

07 March 2022, Mumbai:

Textile exporters may soon get a fresh set of incentives to expand their business in European and other markets, according to proposals being considered at the commerce ministry.

1. EXPORT PROMOTION SCHEMES AVAILABLE FOR TEXTILE SECTOR FIRMS IN INDIA

a) Merchandize Exports from India (MEIS) Scheme

Launched in April 2015, the MEIS provides duty reward to eligible textile and apparel categories to an extent of 2-5% of FOB value in the countries categorized as per the criteria prescribed under the Scheme.

(b) Interest Equalization Scheme

(c) Duty Drawback Scheme

(d) Market Access Initiative (MAI)

ALSO READ: The CII makes suggestions to improve textile and clothing exports

“These incentives, if and when they come, will go a long way in helping Indian textile firms enter the European markets, which currently slap high levy on Indian exports,” a parliamentarian concerned within the dialogue mentioned on situation of anonymity.

New Delhi is against the proposed levy as it would make it harder for Indian corporations to compete in opposition to China and different manufacturing hubs.

RELATED ARTICLE In 2021, India's domestic textile exports would generate US $ 6.68 billion in income

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CREDITS: HT texmin.nic.in India Today. 

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. 

05 March 2022, Mumbai:

The sustainability report 'Pioneering a Sustainable Future: Accelerating Our Journey' was released by Coats, the world leader in thread manufacture. The 56-page report outlines the company's progress toward its sustainability plan, which was introduced in 2019.

The research also emphasizes Coats' significance to the Sustainable Development Goals (SDGs), as well as its possibilities and obligations in relation to SDGs. Coats achieved a 22% decrease in water consumption and a 6.9% reduction in kWh per kilogramme of output in 2021, compared to a target of 7% by the end of 2022.

In addition, 82 per cent of its effluent complied with ZDHC, compared to a goal of 100 per cent by the end of 2022.

According to the study, 83 per cent of workers worked in an approved 'Great Place To Work,' exceeding the aim of 80 per cent. In addition, by 2021, the thread behemoth has reduced waste by 3%. Furthermore, recycled materials accounted for 19% of the company's premium polyester thread sales.

ALSO READ: Coats is scaling up its circular solution: Cooperation at the garment design stage is the way to go

The company said in a statement that the 2021 Sustainability Report outlines its social impact ambitions, which include maintaining a workplace free of discrimination, where every single employee feels respected and is treated fairly and equally, striving for gender parity in all managerial roles, and achieving higher than local labour market representation for all other under-represented communities at Coats' locations.

"I am happy with the significant progress we made in 2021 toward achieving our environmental goals." When we meet our 2022 goals, our commitment to sustainability does not cease.

"There is a long way to go as an industry, and Coats has long-term objectives to guarantee it will be at the forefront of pioneering a sustainable future," said Rajiv Sharma, the company's Group Chief Executive.

The study also describes how the corporation plans to meet its lofty 2030 goals. According to the company, renewable energy will account for 70% of world energy consumption, and all of its goods will be manufactured without the need for new oil-extraction resources.

According to the survey, 83 per cent of employees worked in a certified 'Great Place To Work,' exceeding the target of 80 per cent. Furthermore, by 2021, the thread behemoth will have cut waste by 3%.

Furthermore, recycled materials accounted for 19% of premium polyester thread sales at the firm.

The company's social impact ambitions are outlined in the 2021 Sustainability Report, which include maintaining a discrimination-free workplace where every single employee feels respected and is treated fairly and equally, striving for gender parity in all managerial roles, and achieving higher than local labour market representation for all other under-represented communities at Coats' locations, according to a statement.

RELATED ARTICLE Azim Group Increases Planning Efficiency by 15% with Coats Digital’s FastReactPlan

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CREDITS: Coats & Apparel Resources.