19th February 2022, Mumbai:

The Confederation of Indian Industry (CII) has made proposals to boost India's textile and garment exports. The CII, India's premier business organization, collaborates with Indian industry, government, and civil society to establish and maintain an environment that promotes India's growth.

According to the CII's recent research, Achieving USD 1 Trillion in Merchandise Exports by 2030: A Roadmap, India forecasts an expanding trend of integrated manufacturing hubs, with end-use items accounting for 88 percent of overall trade value growth over the next five years.

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

With garment exports estimated to account for 90% of this increase in trade value, India will need to over-index on apparel exports. According to the research, India could be positioned as a regional fabric hub centered on cotton wovens.

India should aim for a 5% to 6% market share in worldwide woven (natural) commerce.

Other fabric categories (MMF-based wovens and knits) might be added to India's fabric basket as the country's capabilities improve, making it Asia's go-to destination for fabric procurement.

According to the research, a dedicated task force should be established to increase foreign direct investment outreach efforts by reaching out to the relevant investors and promoting India as an excellent investment location.

"Improve factor cost competitiveness in the power sector by policy-driven actions to enhance the amount of renewable energy, such as raising renewable energy subsidies or pushing more states to implement open banking of renewable energy, hence lowering renewable energy consumption limitations."

"Branding all new textile parks as 'green parks,' with the majority of energy coming from renewable sources, maybe a huge step in the right direction," it stated. Continuous investments in sustainability and traceability are becoming critical requirements from global consumers, according to the report, and might be India's most significant differentiators.

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

17 February 2022, Mumbai:

With a 30 per cent drop in production due to rising cotton and raw material prices Gujarat denim mills are being forced to operate at 70 per cent capacity utilization currently.

Production costs have surged 30 per cent due to rising prices of cotton and other raw materials. From 36,000 per candy of cotton in September 2020, prices surged have touched Rs 78,000 per candy in February 2022.

Price rise impacts MSMEs margins

The price rise specifically affected denim MSMEs largely supplying to the domestic market, says Sanjay Jain, Chairman, Indian Chamber of Commerce, National Textile Committee. And mills that have forayed into denim business recently are the worst affected, they have been saddled with mounting debts, Jain explains.

The surge in raw material costs has also raised denim fabric prices by an estimated 30 per cent over the past six months; price of denim apparels have increased 20 per cent, say manufacturers.

During the pandemic, versatility and use in casual wear enabled denim fabric to sustain demand. However, the recent Omicron wave led to a 20 per cent decline in order volumes for summer collection, says Rahul Mehta, Chief Mentor, Clothing Manufacturers Association of India (CMAI).

Festive demand, export orders boost Q3 profits

Increased sales and revenues helped domestic denim manufacturers such as Arvind, Nandan Denim, Jindal Worldwide and Vishal Fabrics post sizable profits in Q3 FY 2021-22. Nandan Denim posted a 584 per cent rise in Q3 FY2021-22 profits while Arvind’s profits grew 287 per cen. Jindal Worldwide also posted a 22 per cent surge in profits during the period.

ALSO READ: Denim fabric exports from India have surpassed pre-pandemic levels

Profits of these manufacturers were triggered by a rise in exports orders that helped sustain production and prevented revenue streams from drying up. Industry players also attribute profit rise to pent-up festive demand in the domestic market and increased export volumes.

Gaurav Davda, Head-Corporate Finance & Strategic initiatives, Jindal Worldwide adds, increased export volumes helped manufacturers command better realization on exports and reduce input costs.

Delayed payments hit manufacturers’ competitiveness

However, the surge affected manufacturers’ competitiveness in the domestic market, adds Thadani. To offset rising costs, manufacturers are delaying supplier payments and cutting down production.

For instance, Sangeet Nahata, an Ahmedabad-based denim fabric manufacturer is utilizing only 65 per cent of 6 million mt. per annum installed capacity.

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16 February 2022, Mumbai:

The Ministry of Textiles (MoT) has extended the deadline for submissions under the Production Linked Incentive (PLI) scheme for textiles by another 14 days, until February 28.

The earlier deadline for submitting an online application under the PLI scheme for textiles was 14 February, which was extended from 31 January, and this is the second time the MoT has extended the deadline in this respect.

PLI plan is projected to attract good investment with an authorized budget of Rs. 10,683 crore for five years to encourage the manufacturing of MMF garments, MMF fabrics, and technical textile goods.

The project was approved by the Cabinet in September and will run from September 24, 2021, to March 31, 2030. According to sources, the Ministry of Transportation has received 69 registrations, 42 file draught applications, and eight final applications.

ALSO READ: Production Linked Incentive (PLI) Scheme for Textiles: Operational guidelines issued

According to reports, MoT may be able to choose 50-60 enterprises for the plan, although the exact number would depend on the size of the applications received.

Because this is a fund-limited scheme, the number of beneficiaries will be determined by the size of the firms and their estimates.

It's possible that the available capital may be depleted after 20-25 firms, or that 60-70 companies will be allowed to participate.

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

19 February 2022, Mumbai:

The Additional Chief Secretary of Industries Department has asked Bhagalpur DM to provide 1000 acres of undisputed land for this project according to sources.

This was in the making and it is a real case soon after receiving the letter of the Additional Chief Secretary, visibly the land is being searched now in all the 16 circles of the district.

The Revenue Department has asked all the Circle Officers to send the report related to the undisputed land soon. If 1000 acres of land is not received, then there is a danger of returning the project.

ALSO READ: PM Mega Integrated Textile Region and Apparel (PM MITRA) parks scheme: The government releases operational guidelines

The likelihood of opening a textile park in Bhagalpur is quite real on the back of heightened interest.

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17 February 2022, Mumbai:

Intex South Asia is undoubtedly the biggest and most established international textile sourcing show of South Asia having completed 8 successful editions in Sri Lanka, Bangladesh and India and connected over 1,200 global textile suppliers with 25,000+ leading buyers from 30 countries and regions.

It aims to fulfill the growing demand for innovative and trendy fabrics and accessories for one of the biggest apparel manufacturing region in the world.

Intex South Asia is endorsed by major Government bodies, Chambers of Commerce and Industry Associations in South Asia and is the most sought-after annual industry event for the textile and apparel industry.

Show Highlights – Country Pavilions, Interactive Business Forum Series, Panel Discussion

ALSO READ:

Exhibitor Profile – Fibres, Yarns, Apparel Fabrics, Denim Fabrics, Clothing Accessories, Dyes & Chemicals, Software & ERP solutions, Testing Equipment; Compliance Solutions, Design Studios, Trends; Fashion Forecasters, Allied Services

Buyer Profile – Apparel Manufacturers & Exporters, Apparel Brands; Fashion Labels, International Sourcing Offices, Buying Houses & Agents, Apparel Retailers; E-tailers, Importers, Distributors & Wholesalers, Intimate & Undergarments Brands, Textile Manufacturers & Exporters.

Govt. Trade Body Representatives, Sales & Marketing Consultants, Textile Trading Houses.

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16 February 2022, Mumbai:

Grasim Industries Ltd. (part of the Aditya Birla Group) saw a 55.48 percent increase in income from viscose-pulp, viscose staple fibre (VSF), and filament yarn in Q3/FY2021-22, compared to Rs. 2,145.14 crore a year before.

VSF's robust operating performance was fueled by high demand for textile products in India during Q3FY22, despite numerous state government restrictions, according to the business.

The domestic textile value chain has been functioning at near-peak capacity, owing to increased demand.

The commissioning of a brownfield (existing) extension (300 Tonnes Per Day) at Vilayat improved VSF sales volume even further in Q3FY22.

ALSO READ: Bhilwara Technical Textiles Q3FY22

The rise in worldwide demand for textile products, particularly in the United States and Europe, has resulted in a favourable market environment for VSF.

In a regulatory filing, Grasim Industries reported a 23.10 percent increase in its consolidated net profit for the third quarter ended December 31, 2021, to Rs. 2,655.45 crore.

During the previous financial year's October-December quarter, the firm had a net profit of Rs. 2,157.12 crore.

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

18 February 2022, Mumbai:

In Q3 FY2022, denim manufacturer, R&B Denims posted a 19.75 percent growth in net profit to Rs 6.5101 crore against a net profit of Rs 5.4366 posted during the second quarter ended September 30, 2021.

The company’s income during the quarter grew by 24.18 percent to Rs. 81.2630 crore compared to Rs. 65.4417 crore during the period ended September 30, 2021.

ALSO READ: SVP GLOBAL TEXTILES’ Q3 FY22 Results

For the fiscal ended December 2021, R&B denims posted a 22.99 percent growth in net profit to Rs 6.5101 crore against a profit of Rs 5,2932 crore posted in during the fiscal ended December 31, 2020.

The company’s income grew 32.56 percent to 81.2630 crores during the fiscal against an income of Rs 61.3019 crore during the fiscal year ended December 31, 2020.

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17 February 2022, Mumbai:

India’s largest company Reliance Industries (RIL), has launched a new fabric technology that enables activation of the biometric biodegradation process.

Known as R|Elan™ EcoGold with CiCLO®, the technology offers a biological solution to environment-related issues. It reduces the accumulation of textile waste in landfills and other related conditions.

Offering numerous everlasting benefits to customers, the R|Elan™ range of fabrics are infused with latest technologies. They offer consumers next-generation fabrics n sync with the latest fashion trends.

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The fabrics help reduce the impact of unrecycled textiles on the environment by enabling microbes break down these textiles. These textiles are converted into basic elements like carbon dioxide, water, minerals, etc.

The technology is certified by Oeko-Tex Eco Passport, notes Alastair Drew, Intrinsic Advanced Materials, R|Elan™ EcoGold will give global apparel access to eco-friendly fibers that can be used to make garments that will meet the needs of conscious consumers, he adds.

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15 February 2022, Mumbai:

The importance of effluent control in textile enterprises that discharge wastewater into the Sabarmati River has been emphasised by the Gujarat High Court.

The court emphasised that the textile industry's principal source of pollution is the massive volume of wastewater released with a high chemical load.

The Court, led by Justice JB Pardiwala and Justice Vaibhavi Nanavati, made this statement while denying relief to the textile firms, which had asked the Court to allow them to rejoin sewage lines so that they might discharge industrial effluent into them.

The Court, in its concluding conclusions, slammed Ashima Ltd. and other firms for claiming that Zero Liquid Discharge (ZLD) technology was not commercially feasible.

ALSO READ: Upendra Singh, Textile Secretary: Sustainable Solutions growth driver for Indian textile industry

The Bench praised another industry that had adopted this technology, while also directing the industries to work with the Corporation, the State Government, and the Pollution Control Board to develop a viable industrial effluent pipeline that could transport the effluent directly to the Central Effluent Treatment Plants (CETP).

As a result, the applications were rejected by the Court. The Gujarat High Court has taken suo moto notice of severe pollution in the Sabarmati River as a result of a sewage treatment plant (STP) disregarding treatment standards and dumping untreated water into the river.

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

18 February 2022, Mumbai:

In its Q3 FY22 ended December 2021, India's leading compact cotton yarn manufacturer, SVP Global Textiles’ net profit grew by 23.87 per cent to 41.23 crore as against a net profit of Rs 33.29 crore recorded in Q3FY21.

The company’s EBITDA for Q3FY22 grew by 11.62 per cent to Rs. 94.66 crore compared to EBITDA of Rs 84.81 crore in Q3FY21. Income from operations grew 9.75 per cent in Q3FY22 to Rs 406.69 crore.

The company is setting up a 4,375 mtpa Greenfield facility for technical textiles at Jhalawar, Rajasthan, with an investment of Rs 100 crore. It recently changed its name to SVP Global Textiles from SVP Global Venture.

ALSO READ: SVP Global Ventures Limited has changed its name to SVP Global Textiles Limited

Foray into technical textiles is also going as planned and it hopes to achieve 25-30 per cent revenue growth post completion of the expansion plans.

Established in 1898 by VallabhPittie, SVP Group manufactures polyester, polyester and cotton blend, and 100 per cent cotton yarn across three state-of-the-art manufacturing facilities in Jhalawar (Rajasthan), Ramnad (Coimbatore) and Sohar (Oman).

The company aims to become a world-leading, fully integrated textile company in manufacturing yarn, fabric and garments.

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16 February 2022, Mumbai:

Cambridge technology innovator Alchemie exports breakthrough textile dyeing solution to Taiwan Energy-efficient EndeavourTM system set to lead a sustainable dyeing revolution in Asia.

Alchemie Technology, the UK innovator of low energy, waterless, textile dyeing technology, ships its EndeavourTM machine to Taiwan to improve the sustainability of the textile dyeing industry and establish a new Asia showcase.

The Endeavour digital dyeing solution, which produces no wastewater and reduces energy consumption by 85 per cent compared to traditional dyeing, will be installed at Alchemie’s Taiwan-based customer JSRTEX Group, a leading textile manufacturing innovator in the region, committed to transforming the industry with sustainable textiles and clean technology.

The Endeavour solution, developed in one of the world’s high technology clusters in Cambridge and manufactured entirely in the UK, will form the centrepiece of an Alchemie demonstration hub and showroom in Asia so international brands and textile producers from across the region can see the technology in action.

ALSO READ:

Alchemie, backed by fashion giant H&M, plans to set up further demonstration hubs at customer sites around the world in the coming months to showcase how Endeavour is more cost-effective to operate and better for the environment than traditional dyeing technology.

The company, which has a vision to clean up textile dyeing and eliminate the environmental impact of these polluting processes, is now inviting other brand and manufacturing partners to participate in its global showcase program.

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15 February 2022, Mumbai:

As the process of awarding the Mega Integrated Textile Region and Apparel (PM MITRA) park accelerates, many states are stepping up their efforts to secure the park. Under the Ministry of Textiles' ambitious plan, seven parks will be built (MoT).

The project's land has been identified in the Karnataka districts of Kalaburagi and Vijayapura.

Shankar Patil Munenakoppa, Karnataka's Minister for Handloom and Textiles, has stated that sufficient land has been located in the Kalaburagi and Vijayapura districts for the establishment of mega textile parks and that a proposal has been filed to the Union Government in this respect.

The Minister is optimistic that the Centre will approve the bill soon. This state is taking steps to improve the skill sets of garment workers, with the goal of employing 12 lakh people in the textile industry.

ALSO READ: Ram Nath Kovind, President:The MITRA initiative will produce 10's of thousands of new jobs

The State Government of Jharkhand has also directed the Jharkhand Industrial Area Development Authority (JIADA) to arrange the land.

It's worth noting that several Indian states are eager to host this park. Gujarat and Tamil Nadu are ahead of the pack since they adhere to the majority of the rules.

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