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Textile 26-09-2023

Expanding Sustainable Viscose Fiber Production in Asia-Pacific

26 September 2023, Mumbai

Growing Production in Asia-Pacific

Lenzing Group, a global leader in wood-based specialty fibers, is set to boost production of responsible viscose fibers for its textile brands LENZING™ ECOVERO™ and nonwoven VEOCEL™ in the Asia-Pacific region.

Green Transformation in Indonesia T

he viscose fibers are manufactured at Lenzing's Purwakarta facility in Indonesia, which has transformed to minimize sulfur emissions, annual CO2 footprint, and wastewater generation.

Sustainability Meets Demand

Lenzing's investment in Indonesia aligns with its strategy to meet the rising demand for eco-friendly specialty fibers, especially in Asia.

The proximity of the converted Purwakarta site to partners in the Asia-Pacific region allows for the efficient transport of responsible viscose fibers, reducing the overall carbon footprint of the textile supply chain. LENZING™ ECOVERO™:

A Sustainable Choice

LENZING™ ECOVERO™ branded viscose fibers offer up to 50% lower fossil energy and water usage compared to generic viscose. These fibers hold EU Ecolabel certification and find application in various fashion products like tops, dresses, t-shirts, and loungewear.

Innovative LENZING™ ECOVERO™

Black Fibers By the end of 2023, Lenzing's Purwakarta site will introduce LENZING™ ECOVERO™ Black specialty fibers.

These innovative fibers significantly reduce water and energy consumption in fabric dyeing, thanks to a spun-dyeing process with a lower carbon footprint. Progress in Reducing Carbon Emissions

Lenzing's investment in the Asia-Pacific region aligns with its ambitious sustainability goals.

The converted production site has already succeeded in reducing CO2 emissions by approximately 130,000 tons annually, contributing to Lenzing's commitment to reduce group-wide CO2 emissions per ton of product by 50% by 2030 and achieve CO2-neutral production by 2050.

Meeting the Demand for Sustainable

Fashion Lenzing's expansion in Asia-Pacific is a positive step towards addressing the increasing demand for sustainable and responsible fashion, showcasing the company's commitment to environmental stewardship.

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Textile 26-09-2023

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.

Textile 22-09-2023

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

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.

Textile 09-09-2023

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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Textile 05-09-2023

India’s home textile sector to outpace global CAGR during 2023-24

21 September 2023, Mumbai

Worldwide, home textiles as a sub-sector of the global textile industry is expected to clock in good CAGR of 5.7 per cent for 2023 to 2030, says a Grand View Research report on the growth pattern of the global home textile industry. While in 2022 the value of home textile sector was $119 billion in 2022. Post Covid, home textile as a category is experiencing stable growth with demand for designed interiors is increasing, allowing the sector to provide a variety of options in terms of fabrics, hues and textures.

Business as usual

With real estate back in business in many parts of the world, new properties are coming up, opening up a bigger market. In 2022, within the home textile sector, 45 per cent share lied with bedroom linen and polyester ruled the popular fabric of choice position with 37 per cent.

Compared to the global growth rate, India’s home textile sector is forecasted to be on a higher plane with a CAGR of 9.8 per cent in from 2023-2030. In 2023, the value of the domestic sector is projected to close at around $8.7 billion. India accounts for almCAGost 7 per cent of global home textiles trade and is one of the top suppliers to the US, the world's biggest home textile consuming market.

India’s home textile gaining global edge

Increasing efforts in quality improvement, innovations through R&D programs, and other preferential value-added features have helped India's home textile products become popular globally.

Superior quality makes companies in India a leader in the US and the UK, which is contributing two-third to their exports. Delhi has emerged a major production and export center. Traditional craftsmanship along with its distinctive appeal is being effectively used for producing value-added home textile items.

Domestic growth drivers

The home textiles market in India is growing in leaps and bounds and in the process has attracted the attention of foreign brands that have entered the markets on their own or through joint ventures.

This has happened due to the growing affluence levels of Indian consumers who are becoming more demanding asking for exquisite home textile fabrics. The growth in Indian home textiles is supported by growing household income, increasing population, rising income levels, increase in organized retail, and growth of end-use sectors like housing, hospitality, healthcare.

Winning formula; In October 2020, Trident was granted patent for ‘Fitted Sheet With Improved Gripping Effect” by the United States Patent Office. The grant of this patent provides further recognition of the quality of the innovation being carried out by Trident.

Meanwhile, Trident’s eponymous brand MyTrident is on a winning streak as it ambitiously works towards increasing its turnover to Rs 1,000 crore.

Part of the $3-billion Trident Group, the textile division had a turnover of Rs 3,460 crore as of March 2023, comprising 55 per cent of the net sales. This was a 14 per cent decrease from the financial year ending March 2022.

CRISIL report indicates favorable growth

Now a CRISIL Ratings report that analyzed 40 Indian home textile manufacturers that account for 45 per cent of the sector’s revenues says 75 per cent of the revenue is derived from exports and the US is the biggest market yet.

Data points; The domestic home textile sector can expect a rise of between 7 and 9 per cent in revenues in fiscal year ending March 2024. This comes after a 15 per cent fall in the last fiscal – clearly driven by stabilizing domestic cotton prices and restocking by large retailers worldwide.

This growth pattern looks feasible as domestic consumption increases rapidly to balance the ongoing international export orders being challenged.

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Textile 21-09-2023

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.

Textile 08-09-2023

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 02-09-2023

Free Trade Agreements: A boon for India's Textile & Apparel Industry

18 September 2023, Mumbai

India's textile and apparel industry is a major contributor to the country's economy, accounting for over 2% of GDP and generating employment for over 45 million people. FTAs play a vital role in boosting the industry's exports by eliminating or reducing tariffs and other trade barriers.

India's FTA Footprint

Over the past five years, India has entered into 13 FTAs, including noteworthy agreements with Mauritius, the UAE, and Australia. India is also actively engaged in negotiations for more FTAs, particularly with the UK and Canada.

Underutilized Potential

Despite the immense potential of FTAs, the Indian textile and apparel industry has not fully harnessed their benefits. This is due to a lack of awareness and understanding of the FTA framework among businesses.

CITI's Initiative

To address this issue, the Confederation of Indian Textile Industry (CITI) has partnered with the renowned law firm Lakshmikumaran and Sridharan to conduct a series of webinars on FTAs.

Webinar Insights

The inaugural webinar, titled "Utilizing Free Trade Agreements to Expand Export Opportunities," delved into the FTA framework, focusing on aspects such as rules of origin and tariff/non-tariff notifications that businesses should carefully consider before making import or export decisions with FTA countries.

Industry's Concerns

T Rajkumar, Chairman of CITI, expressed concern that the industry has not fully harnessed the potential of FTAs. He emphasized the need to raise awareness within the industry and encourage stakeholder discussions on how to effectively utilize FTAs.

Recommendations

The Indian textile and apparel industry must take advantage of FTAs by aligning with partner countries, complying with FTA regulations, and maintaining global quality standards and competitive pricing.

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Textile 18-09-2023

RIL x R.R. Lene Partner to Bring Sustainable Uniforms to Market

07 September 2023, Mumbai

Reliance Industries Ltd. (RIL) and R.R. Lene, a prominent player in the textile industry, announced their collaboration in the uniform segment at the Asiatex '23 exhibition held at the Jio Convention Centre in Mumbai.

This partnership marked a significant milestone in the uniform industry, showcasing a wide range of sustainable and high-performance products.

Collaborative approach

The centerpiece of this collaboration was the introduction of R|Elan™ fabrics, thoughtfully designed to meet the evolving requirements of corporate and school uniform consumers.

The three-day exhibition, held from August 31 to September 2nd, served as a valuable platform for visitors to explore the innovative world of sustainable textiles and embrace global best practices that promote eco-friendly growth in the uniform sector.

This partnership is a major step forward in the development of sustainable uniforms. By combining RIL's technological expertise with R.R. Lene's experience in the textile industry, the two companies are creating innovative fabrics that meet the needs of today's consumers and protect the environment for future generations.

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Textile 07-09-2023

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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Textile 29-08-2023

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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Textile 15-09-2023

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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Textile 06-09-2023

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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Textile 25-08-2023