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Cotton Industry Leaders Discuss Challenges and Opportunities at West Texas Flow Marketing Meeting

Cotton industry leaders gathered in Lubbock to discuss the state of the industry and challenges such as supply chain, transportation, and warehousing.

Challenges:

  • Smaller U.S. crop due to a dry and prolonged hot summer in the High Plains of Texas
  • Slowdown in demand from China due to its economic slowdown and geopolitical tensions
  • Increased competition from other countries such as Brazil

Opportunities:

  • Growing demand for textiles in developed economies
  • Potential for India to become a major player in the textile manufacturing sector

Key takeaways:

  • Communication with partners is essential to plan for the season ahead
  • Partnerships and constant communication with stakeholders are important to move cotton forward
  • Effective engagement among different segments in cotton flow, brands, and retailers will be critical to address the lack of robust demand for textiles due to inflation

Professor Ramkumar's observation:

Overall, the cotton industry is facing a number of challenges, but there are also opportunities for growth. By working together, industry leaders can overcome these challenges and capitalize on the opportunities.

Cotton Industry Leaders Discuss Challenges and Opportunities at West Texas Flow Marketing Meeting

Donear Group redefines fashion future at AsiaTex'23

India's premier lifestyle and fashion house, Donear Group, has raised the bar for men's fashion by unveiling its acclaimed product line at AsiaTex'23, a prestigious showcase organized by the Hindustan Chambers of Commerce.

The event was inaugurated by Piyush Goyal, Minister of Textile, Commerce & Industry, and was attended by other notable figures, including Rajendra Agarwal, MD & Mentor of Donear Industries Ltd. and Ramesh Poddar, CMD of Siyaram Silk Mills Ltd.

At the event, Donear Group occupied the largest stall and presented a wide spectrum of luxury to premium fabrics tailored for discerning Indian fashion enthusiasts.

The Group's commitment to innovation has kept it in sync with evolving local and global fashion trends, and it offers a diverse array of top-quality Woolen, Cotton, Linen, and PV fabrics, distinguished by their quality, comfort, versatility, lightness, and style.

Rajendra Agarwal, Mentor of Donear Group, emphasized that AsiaTex'23 underscores the Group's dedication to excellence and innovation in the textile and fashion industry.

He highlighted the showcase of diverse fabrics under their Heritage and Premium brands, catering to the tastes of fashion connoisseurs. Agarwal further noted that Donear Group's expertise lies in customizing global trends to suit Indian traditional flavors, aiming to elevate fashion's luxury and craftsmanship standards within the industry.

Donear Group redefines fashion future at AsiaTex'23

ICAC's 81st Plenary Meeting in Mumbai

02 September 2023, Mumbai

The International Cotton Advisory Committee (ICAC) is hosting its 81st Plenary Meeting in Mumbai, India from December 2-5, 2023. The theme of the meeting is "Cotton Value Chain: Local Innovations for Global Prosperity."

Cotton Industry's Challenges and Opportunities

The meeting is expected to draw about 500 senior government officials, researchers, and private-sector professionals from all sectors of the global cotton and textile value chains. Expert speakers will share their insights on the industry's greatest challenges and opportunities, including:

  • Technologies to increase production
  • Private sector recommendations for traceability policy
  • Facilitating R&D investment
  • Climate-smart production innovations
  • Industry 4.0 for Textiles

Consultative

The meeting is a unique opportunity for governments and other partners to gain a better understanding of the most pressing issues facing the cotton and textile industry.

It is also an opportunity to develop global initiatives to support cotton value chains, address outstanding issues, and agree on global strategies to advance the interests of all stakeholders.

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Textile Ministry's Revised PLI Plan for Garment Sector Temporarily Delayed

29 August 2023, Mumbai

The Textile Ministry's recent proposal to introduce a Production Linked Incentive (PLI) plan tailored for the garment and made-ups sector seems to have hit a roadblock, as per insider information.

Focal point

The focus of this proposed plan was to support the country's garment manufacturers by offering incentives.

However, the Finance Ministry's reported rejection has caused a setback. The proposal aimed to extend the PLI scheme to encompass all materials, but the Finance Ministry apparently resisted lowering the investment and turnover limits as suggested by the Textile Ministry.

Efforts by the Textile Ministry to expand the successful Production Linked Incentive (PLI) scheme to include the garment and made-up sector have been met with resistance from the Finance Ministry. The original scheme had bolstered various industries, and the Textile Ministry sought similar benefits for garment manufacturers.

The secret lies in making investments happen

However, the Finance Ministry's reluctance to reduce the investment and turnover thresholds has led to a standstill. The proposed extension aimed to encompass all materials, including cotton, but disagreement over criteria persists.

In a bid to attract more investment, the Textiles Ministry has extended the deadline for investor applications until August 31, 2023. The ministry is confident that this move, coupled with the recent flexibility introduced in the criteria for the original PLI plan, will lead to increased interest.

Despite setbacks in expanding the scheme to garments and made-ups, the Textiles Ministry remains proactive in fine-tuning its approach to incentivize the textile sector's growth.

The Textile Ministry's attempts to revamp the PLI scheme have encountered obstacles due to varying perspectives within the government.

Dithering; While the ministry aimed to expand the successful incentive program to benefit the garment and made-up sector, the Finance Ministry's concerns about altering investment and turnover criteria led to a stalemate.

The Textile Ministry's decision to extend the investor application deadline showcases its determination to drive textile industry growth through strategic modifications while navigating bureaucratic complexities.

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MinistryofTextile

Lenzing Launches real-time Ocean Shipment Tracker

15 September 2023, Mumbai

Improved transparency and efficiency

  • The tracker uses AI and predictive analysis technology to provide customers with accurate real-time insights on fiber orders.
  • This will help customers to track their shipments more easily and efficiently, and to make better decisions about their supply chains.

Enhanced sustainability

  • The tracker also offers capabilities to improve the visibility of carbon emissions among partners.
  • This will help Lenzing to reduce its carbon emissions and meet its sustainability goals.

Quotes

  • "Over the past couple of years, supply chain disruptions have highlighted the importance of advanced ocean shipment tracking," said Thomas Panholzer, Vice President of Global Supply Chain at Lenzing. "Our real-time shipment tracker is a testament to Lenzing's 'Better Growth' corporate strategy."
  • "Supply chain visibility continues to depend on successful collaborations," said Jett McCandless, founder and CEO of project44. "Lenzing's shipment tracker, powered by project44's unique data and insights, gives unprecedented customer access to real-time information that locates shipments across the globe.

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Lenzing

Sustainable Geotextile Solutions at ICG Rome

06 September 2023, Mumbai

Beaulieu International Group will showcase its latest sustainable geotextile solutions at the 12th ICG Rome from 18th to 21st September 2023.

Sustainability journey

The company offers PP-based staple fibres and woven geotextiles with a low carbon footprint, as well as new filtration geotextiles with monofilament.

Beaulieu is committed to sustainability and is working towards a zero environmental footprint by 2030.

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SustainableFashion

Government considering to provide incentives to struggling textile, apparel sector

25 August 2023, Mumbai

The textile and apparel industry is grappling with a decline in exports and a significant loss of jobs.

Government Response: The Indian government is considering providing fiscal incentives to the industry by the end of the year.

PLI Program: The incentives could be channeled through the production-linked incentive (PLI) program, which has been designed to inject financial support into various manufacturing sectors.

Industry Request: The industry has requested that the government provide incentives specifically aimed at smaller manufacturers and reconsider the 11% import duty on certain varieties of cotton.

Concerns: The industry is concerned about potential job losses and is urging the government to take comprehensive measures to support the sector.

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MinistryofTextile

Techtextil India 2023: A perspective

The 9th edition of Techtextil India will be held from 12-14 September 2023 at Jio World Convention Centre, Mumbai. The event will bring together over 160 industry players and 200 brands to showcase a wide range of advanced and innovative solutions for the technical textile industry.

The show will feature products and technologies from a variety of sectors, including:

  • Machinery, equipment, and accessories
  • Fibres and yarns
  • Non-wovens
  • Filtration
  • Masterbatches
  • Functional textiles
  • Composites
  • Coated textiles

In addition to the exhibition, Techtextil India will also host a series of seminars and panel discussions led by industry experts. These sessions will provide valuable insights into the latest trends and developments in the technical textile industry.

The event is expected to attract over 10,000 visitors from across the globe. It is a major opportunity for businesses to connect with potential customers and partners, and to learn about the latest innovations in the technical textile industry.

Techtextil India 2023: A perspective

ITMF Annual Conference 2023: Digitalization & Circularity in Textiles

05 September 2023, Mumbai

Date: November 4-6, 2023

Location: Keqiao, China

Theme: Digitalization & Circularity – Megatrends Shaping the Textile Industry

Speakers: International industry experts from around the world

Topics:

  • How the fibre markets will adapt to the increasing demand for recycled fibres
  • How the textile industry can reduce its carbon footprint
  • How new technologies will accelerate the industry's transition towards more circularity
  • How upcoming regulation will impact production around the world

Awards: ITMF Start-up Awards 2023, ITMF Sustainability & Innovation Awards 2023, ITMF International Collaboration Awards 2023

Co-located events: 10th Belt & Road Textile Conference 2023, 6th World Textile Merchandising Conference 2023.

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ITMF

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