26 October 2023, Mumbai

Ahmedabad and Coimbatore To Host Technology Showcase Events on December 5 and 7, 2023
The VDMA Textile Machinery Association is supporting a delegation visit of 13 well-known textile machinery manufacturers to India from December 4–8, 2023.

The visit will feature technology showcase events in Ahmedabad and Coimbatore on December 5 and 7, 2023, respectively.
Details

The event is supported by the German Federal Ministry for Economic Affairs and Climate Action and organized by SBS Systems for Business Solutions in association with VDMA India.
Decision-makers and experts from the textile and nonwovens industry in India will have the opportunity to learn about the latest textile machinery solutions to make their textile businesses and products more sustainable and efficient.
The 13 renowned VDMA member companies and their Indian partners cover the entire value chain, from spinning, knitting, weaving, nonwovens, dyeing, and finishing.
Momentous Occasion
This is a great opportunity for Indian textile manufacturers to learn about the latest technologies and innovations from leading German textile machinery manufacturers.
With its growing domestic market and focus on sustainability, India is poised to become a global hub for apparel manufacturing and exports.

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21 October 2023, Mumbai

What: The 6th ‘ADDITIVE MANUFACTURING in the textile industry’ symposium will focus on the latest practical news and research in the field, including new materials, innovative manufacturing technologies, and future-oriented applications.
When: 8th November 2023
Where: Formnext, Frankfurt am Main, Germany
Who: Organized by the KARL MAYER GROUP, TITV Greiz, and STFI
Why: Additive technologies offer new potential for developing innovative textile solutions and customized products.
Highlights: Science and industry lectures, trade exhibition, and Formnext exhibition pass included.

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17 October 2023, Mumbai

Over 700 delegates from the global cotton industry gathered in Singapore from 11-12 October for the International Cotton Association’s (ICA) annual trade event.

Outlines

The event featured keynote sessions, a panel session on traceable supply chains, and networking opportunities.
In his closing speech, ICA President Tim North reflected on his key areas of focus during his presidency, including membership growth, membership structure review, brand and retail committee, default list reduction, and MoUs with key organizations.

He also thanked the members for their confidence and trust.
Next year's ICA event will take place in Liverpool from 16-17 October.

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23 October 2023, Mumbai

The Pakistan Textile Asia Trade Exhibition is the most prestigious and long-lasting biannual event for the Pakistani textile industry.
It took place at the Lahore Expo Centre from October 13th to October 15th, 2023.
The exhibition aimed to facilitate trade and commerce among different sectors.

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21 October 2023, Mumbai

As per Stock Market LIVE Updates |
Century Textiles and Industries, a leading Indian textile manufacturer, reported a sharp decline in performance in the second quarter of fiscal year 2023–24. The company suffered a net loss of Rs 30.4 crore, reversing its profit of Rs 71.6 crore in the same quarter last year. Revenue also fell 10.5%, to Rs 1,103 crore from Rs 1,233 crore in the previous year.

Nuances
The company's performance was impacted by a number of factors, including rising input costs, a global economic slowdown, and geopolitical tensions. The company's management said that the rising cost of cotton and other raw materials, as well as the ongoing war in Ukraine, had a significant impact on its profitability.
Despite the challenging environment, Century Textiles remains focused on its long-term growth strategy. The company is investing in new capacity, expanding its product range, and focusing on sustainable manufacturing practices.

23 October 2023, Mumbai

India is set to host the world's largest textile fair in Delhi in February 2024, a landmark event that will showcase the country's rich textile heritage and its growing position as a global leader in the industry.

Outlines
The fair will bring together over 1,000 exhibitors from around the world, showcasing a wide range of textile products, from traditional handicrafts to the latest innovations in fabric technology.

Visitors will have the opportunity to explore the entire textile value chain, from raw materials to finished products.

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16 October 2023, Mumbai

Rajendra Agarwal is a respected leader in the yarn industry. He has a gold medal in Textile Technology from V.J.T.I., Mumbai. He is known for his vision and innovation.
Recently FICCI invites him to TAG 2023 panel at Mumbai hotel.
As the Managing Director of Donear Group, he has led the company’s change from a fabric textile company to India’s top Lifestyle & Fashion house. He has planned and executed the company’s expansion and diversification.
Donear Group’s Achievements He has created new fabrics, products, and marketing strategies.
He has also acquired two famous textile companies and four well-known brands. He has made Donear Group the leading producer of branded menswear suiting fabric with various high-quality fabrics. He has also ventured into the retail sector with three brands.

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18 October 2023, Mumbai

As per a recent ETRetail report, the Trident Group, a diversified business conglomerate, is facing extensive scrutiny by the Income Tax Department for alleged financial misconduct. The department is conducting nationwide raids as part of an investigation into the group's financial transactions and records.
Background

The Trident Group, founded by Padma Bhushan Awardee Rajinder Gupta, has a significant presence in various industries, including yarn, home fashion, paper, and adaptive power. The group operates its main manufacturing units in Punjab and Madhya Pradesh.
The Income Tax Department's raids are reportedly focused on the group's premises in Ludhiana, Barnala, Dhaula, and Budhni. The department is also investigating the residences of some of the group's top officials.
Nuances

The Trident Group has not yet issued any statement on the raids. However, sources close to the group have denied any wrongdoing.
The Income Tax Department's investigation is still ongoing, and it is too early to say what the outcome will be. However, the raids are a sign that the government is serious about cracking down on financial misconduct by large corporations.

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14 October 2023, Mumbai

Textile Exports Up, Apparel Exports Down in September 2023
Key Findings:
Textile exports up 11.06% YoY in September 2023
Apparel exports down 11.23% YoY in September 2023
Cumulative textile and apparel exports up 1.77% YoY in September 2023, down 24.62% YoY
Indian textile and apparel exports down in April-September 2023
Conclusion:
The decline in textile and apparel exports in September 2023 and April-September 2023 is a matter of concern for the Indian textile industry.
The government and the industry need to work together to address the challenges facing the industry and support its growth.

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