02 March 2022, Mumbai:

Meet luxury fashion fabric suppliers at Textile Forum

For the past 20 years, for two days in March (and October!), designers get the chance of sourcing great luxury fabrics in one luxury venue in London – and the next Textile Forum (16-17 March at One Marylebone) continues the tradition.

As sustainability is top of mind for many designers, there will be plenty of choices; there will be fabric that is inherently sustainable as it is made from a natural resource and ranges that are produced from products that might otherwise find their way to landfill. Additionally, more and more fabric suppliers are looking to find ways to be more sustainable within their own business, using more natural products and reducing wastage.

ALSO READ: Luxury fashion fabric show Textile Forum returns next month!

Apart from the fabric suppliers, who offer silks, cotton, leathers, and wools for womenswear, menswear, bridalwear, lingerie, and interiors, there are also those exhibiting accessories such as buttons, linings, and labels.

Most items are also available from stock, from well-established, predominantly UK companies that have been working with leading fashion houses across the world – and all exhibitors offer low minimum quantities – often from 1m.

RELATED ARTICLE: Milano Unica: Sitip presents Cosmopolitan Fashion-tech, for urban tailoring with super-performing fabrics

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01 March 2022, Mumbai:

Rajasthan, a prominent state with textile and apparel manufacturing centers such as Jaipur, Jodhpur, Bhilwara, and Pali, has filed a concept note for a MITRA Park (Mega Investment Textiles Parks) in Jodhpur and will be submitting a full project proposal soon.

T Ravikanth, principal secretary of the industries and commerce department, and Archana Singh, MD of RIICO, met with senior central authorities to seek help.  They met with Vijoy Kumar Singh, Additional Secretary, and Shubhra, trade advisor, to discuss the proposed park in Kakani, Jodhpur, and if it should be included in the MITRA scheme. 

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

Various Rajasthan trade organizations have repeatedly advocated for the MITRA Park. Both senior officials met with the Union Secretary of the Department of Chemicals and Petrochemicals, who expressed support for the planned Pachpadra Petroleum, Chemicals, and Petrochemicals Investment Region.

Many Indian states, including Gujarat, Tamil Nadu, Uttar Pradesh, Rajasthan, Telangana, Odisha, and Jharkhand, are actively pursuing a park under this program.

RELATED ARTICLE PM MITRA Park: States are working hard

BGMEA Vice President Miran Ali and Directors Asif Ashraf, Tanvir Ahmed and Abdullah Hil Rakib were also present on the occasion.

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25 February 2022, Mumbai:

Confederation of Indian Industry (CII) in partnership with the Ministry of Textiles and NISTI as supporting partner is organizing the International Conference on Technical Textiles with the theme of Creating the Winning Leap in Technical Textiles on 12 March 2022 over the Hybrid Platform.

Shri Piyush Goyal, Hon’ble Minister of Commerce & Industry, Textiles and Consumer Affairs & Food & Public Distribution, Government of India has kindly agreed to address and interact with the industry leaders, experts and participants at the conference.

The conference will focus on Geo Textiles, Agro Textiles, Specialty Fibres, Protective Textiles, Sports Textiles, Textiles Waste, and Medical Textiles in sync with the National Technical Textiles Mission (NTTM) through parallel sectoral sessions.

ALSO READ: CII x Ministry of Textiles (MoT): The International Conference on Technical Textiles

The Conference will deliberate on key areas like Market Development, Boosting Demand, Export Promotion, Research, Innovation and Development (RID) and Education, Training and Skill Development of the Technical Textiles Sector.

The parallel sectoral session of the conference will emphasise on the applications, identification of technology gaps that needs to be addressed for the growth of the Indian Technical Textiles sectors through Government-Industry and Academia partnership apart from policy recommendations to the Government of India.

The Conference would bring together Industry leaders, experts, key stakeholders and policy makers from various user Ministries to discuss and deliberate upon the evolving scenario in technical textiles manufacturing in India and also exchange ideas and global views on the future growth and development of the sectors.

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02 March 2022, Mumbai:

*Union minister of state for textiles and railways Darshana Vikram Jardosh visited Sardar Vallabhbhai Patel International School of Textiles and Management (SVPISTM) in the city on Tuesday.

After a tour of the institute and review of its future expansion plans with director P Alli Rani, the minister addressed the students about the new opportunities in the textile sector.

ALSO READ: Union minister for textile Darshana Jardosh and Gujarat BJP presudent CR Paatil press for GST rollout on Textiles & Apparel (T&A)

Darshana also emphasised the importance of technical textiles in boosting the economy of the country and internationalising the Indian technical textile industry.

She reiterated the need for gaining practical knowledge in the field and encouraged the students to visit various textile clusters, particularly in Surat, a cluster famous for value addition in synthetic fibre, as well as those situated in the northeastern states.

The minister highlighted the importance of unique institutes like SVPISTM.

RELATED ARTICLE: Smt. DarshanaJardoshin, MoS for Textiles a written reply in the Rajya Sabha: CONTRIBUTION OF MMF SEGMENT IN PLI SCHEME

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*CREDITS: TOI.

26 February 2022, Mumbai:

Madhya Pradesh Industrial Development Corporation (MPIDC) has received demand for around 800 acre from textile companies to set up facilities in Indore region.

One existing textile unit having presence in Pithampur and three new players into integrated textile business have seen land and have submitted proposals for around 800 acre from MPIDC.

Rohan Saxena, executive director Madhya Pradesh Industrial Development Corporation (MPIDC), Indore said, “Textile companies have shown encouraging response in the region to set up facilities.

ALSO READ: Indore Readymade Textile Dealers Association: Demand from weddings to fuel growth

We have proposals from four textile companies demanding around 800 acre in different pockets to set up facilities.”

One of the existing textile companies is expected to purchase 400 acre in Badnawar for which the regional office of MPIDC has sent a proposal to the head office for approval of land. Other companies have seen land parcels in the Investment region in Ratlam.

According to MPIDC, Indore around 50 textile and garment industries have booked land in the Indore region in the last one year by paying 25 per cent of the total premium amount to set up factories and estimated investments from these units is Rs 1,560 crore.

RELATED ARTICLE: Texport Inds looks at investing in Sircilla Apparel park

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*Figures mentioned in the above article have been sourced from TOI article.

24 February 2022, Mumbai:

In 9MFY22, the Indian home textile sector had a robust demand resurgence! Despite shortages and unavailability of shipping containers, higher freight costs, and longer transit times, a better demand scenario is likely to persist in the mid to long term, owing to increased consumption due to hygiene-related factors, as well as a market share shift from China due to the ban on cotton-made products from Xinjiang.

According to research by Motilal Oswal Financial Services Limited (MOFSL), the local and foreign markets have a consistent demand forecast.

Because of the China+1 policy and the US restriction on cotton-made items from Xinjiang, more demand for apparel from the US and Europe (from retailers) is expected, the report's forecast for yarn and garment players is also encouraging.

With price rises, MOFSL anticipates gross margin pressures to ease in the next quarters.

ALSO READ: Cotton Prices to Pick Up 5% y/y in 2022 on Rising Demand and Limited Crops in India and U.S.

It will, however, be under strain until the following cotton season. The forecast for the home textile industry is optimistic, although there is a short-term margin risk. Indian textile companies are in the greatest position to take advantage of this opportunity.

According to OTEXA data, India's market share in US Cotton Sheets imports increased to 57 percent in CY21 (up from 52 percent in CY20), while China lost 2%.

In the Terry Towels segment, India's share increased by 200 basis points to 44% in CY21 (from 42% in CY20), while China's share decreased by 200 basis points.

Due to the ban on Xinjiang cotton-made products and greater captive yarn consumption in Bangladesh and Vietnam, India's spinning sector is facing increased demand.

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*Figures mentioned in the above article have been sourced from Apparel Resources article.

02 March 2022, Mumbai:

Lenders have entered the final stage of negotiation with Reliance Industries (RIL) after declaring it the highest bidder for Sintex Industries on Monday evening, said two people aware of the development.

ALSO READ: Bidders for the textile company Sintex have submitted amended resolution plans

At a committee of creditors' meeting held on Monday evening, lenders asked Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) team to submit an improved offer by Wednesday, the people said.

RELATED ARTICLE:Reliance Industries Ltd (RIL) plans to acquire Sintex Industries

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*Figures mentioned in the above article have been sourced from ET article.

26 February 2022, Mumbai:

Piyush Goyal, the Union Minister of Commerce, Industry, and Textiles, has stated that labor-intensive industries such as textiles may create millions of employment.

"We certainly have worldwide geopolitical risks," the Minister stated in his opening talk to the CII Manufacturing Conclave 2022, "but I am extremely sure that India will play an increasingly vital role in the recovery and restoration of international economies in the years ahead."

"You have the capacity to raise millions out of poverty, and you have the power to deliver a better quality of life to the poor," he said, urging business leaders to invest extensively in labor-intensive areas.

Together, we can generate not thousands, but crores of employment in the textiles, footwear, and sporting goods industries, among other industries. There are so many industries where labor is a significant cost factor; this is a competitive or comparative advantage that we should take advantage of." He expressed optimism that India's total exports will exceed $650 billion this fiscal year.

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

The Minister went on to say that in the post-COVID era, a new international order would emerge, and India, despite being a $3 trillion economy today, should aim for very big and aggressive goals. "I believe we can still strive for a $5 trillion economy by 2026," he continued, "but it won't be achievable until all of you join fully in this very, very ambitious goal."

He outlined a three-point action plan for all industry groups, including encouraging large corporations to incorporate MSMEs and assure timely payments, assisting one another in domestic production, and training young people to enter the business.

In a separate development, the Minister said the industry has responded well to the Government's multiple interventions to enhance local value addition, which have benefited not only large industries but also MSMEs while chairing a review meeting of the Steering Committee on Advancing Local Value-add & Exports (SCALE).

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*Figures mentioned in the above article have been sourced from Apparel Resources article.

24 February 2022, Mumbai:

Correction of the inverted tariff structure in the textiles value chain, according to Finance Minister Nirmala Sitharaman, is critical to attracting investment in the sector.

The Minister told industry and trade leaders at a post-Budget conference in Mumbai that the production-linked incentive system for the sector needs to be corrected, or else investments will not come to specific regions.

Her comment is timely given that the Goods and Services Tax (GST) Council had to abandon a proposal to raise GST rates for most textile items in the man-made fiber (MMF) value chain from 5% to 12% in late December 2021 due to industry concerns; the Government, however, may reconsider the idea shortly.

ALSO READ: Nirmala Sitharaman (FM) dismisses 'Textiles Ministry Proposal' to defer GST rates hike

Correction of the inverted tariff structure in the textiles value chain, according to Finance Minister Nirmala Sitharaman, is critical to attracting investment in the sector.

The Minister told industry and trade leaders at a post-Budget conference in Mumbai that the production-linked incentive system for the sector needs to be corrected, or else investments will not come to specific regions.

Her comment is timely given that the Goods and Services Tax (GST) Council had to abandon a proposal to raise GST rates for most textile items in the man-made fiber (MMF) value chain from 5% to 12% in late December 2021 due to industry concerns; the Government, however, may reconsider the idea shortly.

MMF, yarn, and textiles are now taxed at 18%, 12%, and 5%, respectively. GST rates for mono-ethylene glycol (MEG) and pure terephthalic acid (PTA) are 18% and 12%, respectively, for polyester partly oriented yarn (POY) and 5% for grey textiles, completed fabrics, and garments.

Cotton, silk, and wool are natural fibers that fall under the 5% category.

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*Figures mentioned in the above article have been sourced from Financial Express & Apparel Resources article.

01 March 2022, Mumbai:

New Delhi will seek duty exemptions for labour-intensive exports, including textiles, besides easier market access for fisheries, pharmaceuticals and agriculture products, during the second round of India-UK free trade agreement (FTA) talks, said two government officials.

The negotiations, scheduled to take place between 7 and 18 March, will also explore the possibility of an early-harvest agreement, or a mini FTA, for the short-term, as the two countries continue with the talks to iron out differences on sensitive issues.

ALSO READ: India-UAE trade pact: Textile Sector To Be Beneficiary

India is seeking to conclude at least six bilateral trade agreements this year. Last week, New Delhi signed a comprehensive economic partnership agreement (CEPA) with the UAE for zero-duty access to 90% of Indian products. The deal was closed in a record 88 days.

“The UK agreement will be broader in scope compared with the one India had with the UAE. Duty cuts on textile and exports from labour-intensive sectors, such as leather, footwear, gems and jewellery, are among India’s 10-12 big-ticket wish-list,” said one of the two officials, seeking anonymity.

RELATED ARTICLE: India-Australia look at taking proposed free trade agreement (FTA) to its logical conclusion

BGMEA Vice President Miran Ali and Directors Asif Ashraf, Tanvir Ahmed and Abdullah Hil Rakib were also present on the occasion.

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*Credits: anyfeed.in

26 February 2022, Mumbai:

It is a double achievement for GOTS, the world’s leading textile processing standard for organic fibers, as it records new all-time high figures and marks the 20th anniversary of its inception.

According to a statement from GOTS, 18 GOTS-Approved Certification Bodies report a total of 12,338 accredited facilities (+19%) in 79 countries (+11%). GOTS is a strict voluntary global standard that incorporates both environmental and social standards for the full post-harvest processing of garments and home textiles manufactured with certified organic fiber.

ALSO READ: The Global Organic Textile Standard (GOTS) : Identifying fraud in India since 2020 but receives no evidence

"What looked idealistic to many in 2002 has become a reality in the last 20 years," says Claudia Kersten, MD, GOTS. We developed an organic textile standard that is acceptable in all major markets and is certified by accredited certifying agencies.

Despite the Covid's continued troubles and uncertainty, decision-makers continue to pursue their sustainability goals and regard GOTS as a tool to help them achieve them."

According to the statement, the findings of the annual GOTS survey of certified businesses show that 63% of the 1,114 respondents (+39%) indicated a permanent shift in their sustainability approach, focusing on the environment and the health of their workers and staff.

"As much as we are satisfied with the growth so far, we don't plan to rest on our laurels," GOTS' Rahul Bhajekar remarked.

We will commence revision for GOTS version 7.0 in March 2022, incorporating all stakeholders, including associations, organizations, businesses, and people, in order to further improve GOTS' progressive, innovative, stringent, but practical standard."

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*Figures mentioned in the above article have been sourced from GOTS & Apparel Resources article.

22 February 2022, Mumbai:

Hit by rising prices of cotton yarn, textile manufacturers in India are making various demands to the government, As per A Narayanamoorty, Senior Professor and Head, Department of Economics and Rural Development, Alagappa University, Karaikudi, farmers are demanding higher taxes on cotton exports, scrapping of the11 percent import duty on cotton and a halt in cotton trade to stabilize prices.

However, these demands are likely to affect 58 lakh Indian farmers engaged in cotton cultivation on almost 134 lakh hectares in the country, says Narayanamoorty. India grows cotton in various states with Maharashtra, Gujarat, Telangana accounting for almost 70 percent of India’s total area under cotton cultivation.

India is also the world’s largest cotton cultivator with cotton being cultivated on around 37 percent of its agricultural land. The area under cotton cultivation increased significantly from 77 lakh hectares in 2002-03 to about 134 lakh hectares in 2019-20. During this period, India’s cotton production also increased from 86 lakh bales to 352 lakh bales.

Rising costs offset production benefits

Cotton cultivation is a complicated process in India. Farmers face various challenges during the process. First, they have to cultivate under a rarified area. Besides, they have to face a low yield and high risks. The high risk of bollworm and other pests attack also increases farmers’ costs on pesticides.

Cotton cultivation in India is mainly a manual process and requires a large labor force. The cost of harvesting is also high. Data from the Commission for Agricultural Costs and Prices (CACP) shows, in Maharashtra, the cost of cotton cultivation per hectare increased from Rs 14,234 in 2000-01 to Rs 84,743 in 2018-19. The cost of cotton cultivation in Gujarat also increased from Rs 10,691 to Rs 75,186 during this period while in Tamil Nadu, it increased from Rs 28,149 to Rs 113,334. The cost of cotton cultivation in these states increase almost seven times during 2000-01 to 2018-19 period.

Besides cultivation costs, the value of production (VOP) of cotton per hectare also increased from 2000-01 to 2018-19. VOP in Maharashtra increased from Rs 12,148 to Rs 85,937, Gujarat from Rs 8,696 to Rs 83,209 and Tamil Nadu from Rs 20,992 to Rs 98,966.

ALSO READ: India's organic cotton production will increase: Year 2020-21

Increased VOP fails to curb prices

However, an increase in VOP failed to protect farmers from huge losses as cultivation costs is increasing rapidly. Rising cultivation costs are forcing farmers to sell cotton at lower than the Minimum Support Price to private traders.

Reports from CACP show, from January 2019-January 2021, farmers sold cotton below the determined MSP. Of the total 119 market days, cotton prices in Maharashtra surged above MSP for just 86 days during the Kharif season, from October 2020 to February 2021. In Gujarat, they surged for just 32 days out of 140 days.

Farmers call for government measures

However, the rise in cotton prices has led to farmers demanding an 11 percent import duty on cotton and a higher tax to restrict cotton exports unjustifiable. Textile manufacturers are also urging the government to halt future trade in cotton. However, their reasoning that cotton prices increase due to futures trade is invalid as India holds a minuscule share of just 0.27 percent in the global cotton futures trade.

Resumption in textile production is also boosting cotton prices in India. However, there is a huge demand-supply mismatch in the country as farmers shy away from cultivating cotton due to rising costs.

Granting remunerative prices can prevent them from importing cotton from other countries.

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