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Textile 11-11-2021

Fund allocation is a fundamental constraint for the Indian textile sector, according to a report

11 November 2021, Mumbai:

According to a report by Delhi-based Infomerics Valuation and Rating, a Credit Rating Agency, fund allocation is a major constraint for the Indian textile industry, with the Finance Ministry approving only Rs. 3,631.64 crore for the Textile Ministry in FY22, compared to a proposed outlay of Rs. 16,883 crore.

According to the report Textile Industry: Trends and Prospects, the industry has recently seen low manufacturing activity accompanied by high final product prices, as evidenced by the annual NIC-2 digit and sectoral indices of industrial production, where the index for manufacturing of textiles' has fallen below 100 for the first time in nearly a decade, settling at 91.1.

The yearly wholesale pricing index for 'textile manufacturing' has been hovering around 118 points, which is 6-7 notches higher than the decadal normal of around 112.

Other generic factors mentioned in the report include weakened consumer demand or production networks, obsolete technology, inflexible labour laws, infrastructure bottlenecks, and fragmented industry, as well as the major role of the unorganised and small players who have been hit by the triple whammy of demonetisation, GST implementation, and the COVID-19 pandemic.

It includes industry-risk elements, such as the GST problem, the disparity between requested expenditure and allowed amount, bad performance, and excessive pricing. According to the research, the sector must charge premium prices, focus on specialty goods and markets, and rethink items in greater value-added categories. For long-term growth, it must also prioritise regional and cluster subsidies, as well as technological upgrades and talent development subsidies.

Investment in value-added services, such as marketing, warehouse leases, logistics, courier, and other expenditures associated with product fulfilment, is a must for the industry to expand.

After peaking at US $ 106 billion in FY2020, the domestic textiles and apparels sector plummeted to US $ 75 billion during the pandemic. Government measures, on the other hand, have prompted optimism that the industry would rise to US $ 300 billion by 2025-26, a 300 percent increase in the following two years.

In technical textiles, there has been a dramatic reversal. Imports of technical textiles outstripped exports by Rs. 1,058 crore in FY20, but exports outstripped imports by Rs. 2,998 crore in FY 21. "One of the key challenges for Indian exporters is logistics.

For comparison, Bangladesh's turnaround time (from order to delivery) is 50 days and India's is 63 days, while Bangladesh's time to port is 1 day and India's is 7-10 days," according to the research.

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Textile 11-11-2021

Fund allocation is a fundamental constraint for the Indian textile sector, according to a report

The next VDMA webtalk on "Augmented Reality in the Textile Industry" will take place on November 18th

10 November 2021, Mumbai:

The VDMA, a renowned German Textile Machinery Association, has announced that their next webtalk, "Augmented Reality in the Textile Industry," will take place on November 18, 2021.

According to VDMA, industrial service operations frequently necessitate extensive travel for experts and technicians to assist customers, partners, and colleagues with technical difficulties on textile machines in the manufacturing process.

"Skilled professionals are scarce, and they value their time too much to travel large distances for each service call." Humans, machines, and processes can interact efficiently with AR technology, remote assistance, and standardised work instructions, allowing for the delivery of novel services.

This is the context for the VDMA's upcoming technological webtalk, titled The Remote Age's Beginning. VDMA reports on "augmented reality-powered processes in the textile sector."

The speakers and subjects combine a great deal of knowledge with cutting-edge technology. Arash Rezaey of Aachen University (ITA) will speak on the topic of - AR/VR in the Textile Industry: What is feasible and what is not.

Martin Plutz and Nikhil Venkateshan of oculavis, on the other hand, will lecture on Empowering People through Augmented Reality.

Their presentation quickly demonstrates how the integration of new cooperation forms into industrial processes makes services more durable, reduces travel expenses, minimises machine downtimes, and allows for new digital business models in service for textile machinery makers.

SCHWING Technologies' Veit Straubinger will discuss how the firm uses remote service to provide virtual commissioning, maintenance, and training to clients all around the world.

Tech tailor: How AR, VR will impact the fashion industry - The Financial Express

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

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Textile 10-11-2021

The next VDMA webtalk on "Augmented Reality in the Textile Industry" will take place on November 18th

Techtextil India gears up for its first-ever post-pandemic edition through its hybrid exhibition in November

08 November 2021, Mumbai:

India’s leading trade fair in technical textiles, nonwovens, and composites, Techtextil India, is ready to make a comeback through its hybrid edition launch from 25 – 27 November 2021.

With a series of live product demonstrations, insightful knowledge sessions and B2B networking opportunities, the multimodal trade fair will provide a strong avenue for technical textile professionals to reimagine their business potential.

After a successful grand edition in 2019, Techtexil India is all set to return for the very first time since the pandemic. The three-day exhibition will be hosted in a hybrid format from 25 – 27 November 2021, Bombay Exhibition Centre, Goregaon which will unite technical textile players from across its varied application areas.

Top technical textile brands including JB Ecotex, PARK Nonwoven, Loyal Textiles Lenzing, Mehala, Meera Industries, amongst many others will showcase their latest products at the hybrid fair. Moreover, leading German brands exhibiting at Techtextil India 2021 will be hosted under the German pavilion.

The conjunction between the physical exhibition and the online business matchmaking platform will make way to a wider range of networking. Local and international visitors who are unable to attend the venue will be able to witness the exhibition virtually through the ‘MFI virtual app’ which will host live knowledge sessions and product demonstrations for visitors.

The two-day multimodal trade fair allows the visitors to search for specific products like fibers, yarns, nonwovens, machinery, coated textiles with easy-to-use filters further to which they can share their queries or connect directly with the respective exhibitors.

At the same time, visitors attending the venue will be welcomed under a well-organized physical exhibition following the government-authorized safety protocols of ‘MFI SafeConnect’. These protocols will enable visitors to engage in secure face-to-face interactions with exhibitors and witness the latest technical textile technologies and innovations in person.

Apart from being an ideal platform to source the latest technical textile products, Techtexil India has always been a crucial meeting place for the industry to interface and build new relationships with professionals from across the value chain.

Even amid the disruption created by consecutive lockdowns, Messe Frankfurt India continued to keep the flame of industry burning, to remain connected and well-informed through a series of webinars and Techtexil India Digital Connect sessions.

Returning for the very first time post-pandemic, Techtexil India 2021 will act as a unifier for the technical textiles segment players to come together and discover the way forward for the industry.

Commenting on the aim and focus of the hybrid exhibition, Mr. Raj Manek, Executive Director, and Board Member, Messe Frankfurt Asia Holdings Ltd, shared: “After a tough and lengthy period of slowdown, I am sure that the industry is eager to head full steam forward and regain its momentum. There are plenty of lucrative opportunities in technical textiles, owing to the reforms and schemes introduced by the Indian government.

Through Techtexil India 2021, we aim to provide a collaborative atmosphere that the industry needs to get back on its feet and look ahead towards the future. Moreover, the return of face-to-face exhibition combined with the virtual model will open doors to excellent sourcing, collaboration, and learning opportunities for professionals.

I greatly look forward to welcoming the technical textile industry back on the show floor of Techtexil India.”

Alliance with the Government of Tamil Nadu

In a bid to strengthen indigenous production through the state and attract investors, the nodal agency for investment promotion and facilitation for the Government of Tamil Nadu – Guidance has signed up for Techtextil India 2021.

Furthermore, technical textile players from Tamil Nadu such as Cyber Textiles India Pvt Ltd, Jayashree Spun Bond, Lenzing Ag India, Leister Technologies, Loyal Textile Mills Ltd, Milltex Engineers Pvt Ltd, Superfil Products Pvt Ltd, Uster Technologies (India) Pvt Ltd have also confirmed their participation for the exhibition.

Announcing a close co-operation with Messe Frankfurt India for the 2021 edition, Ms. Pooja Kulkarni, IAS MD & CEO, Guidance Tamil Nadu, stated: “While there are several inherent advantages for the growth of technical textiles in Tamil Nadu specifically, many raw materials used in the production of sanitary products, artificial ligaments, seat belt webbings, airbags are still heavily imported.

In this context, the alliance with Techtextil India Forum can help us reduce import dependency and bring investments in R&D, manufacturing, innovation by partnering with global technical textiles companies.”

With 50% of India’s textile mills in Tamil Nadu and complementary clusters of knitting, weaving, and medical devices manufacturing in Coimbatore, and Tiruppur, the region provides immense opportunities for Meditech investments.

Two petrochemical and refinery units – One in Cuddalore and another in Nagapattinam by CPCL is in the process of being established in Tamil Nadu. These units will enable the availability of MMF raw materials for the textile industry across the state. Hence, manufacturing in Tamil Nadu can be a win-win arrangement for investors as India provides access to the burgeoning market as well.

International expertise with German pavilion

Techtexil India 2021 edition will feature an exclusive German Pavilion showcasing products and technologies from top German manufacturers, including Autefa Solution Germany GmbH, DILO Systems GmbH, Emtec Electronic GmbH, Georg Sahm GmbH & Co, Karl Mayer Verwaltungsgesellschaft mbH, Merz Maschinenfabrik GmbH and Oerlikon Barmag Zweigniederlassung der Oerlikon Textile GmbH & Co.

Moreover, the Indian representatives of brands from Austria, China, Italy, Spain, Taiwan, Turkey, the UK, and the USA have also participated in the exhibition.

Product launches and live demos

The show floors of Techtexil India 2021 will be flurried with product launches and the latest technological offerings brands across the different application areas.

The physical exhibition format will showcase a series of key product launches from brands, including Autefa Solutions, DiloGroup, Meera Industries, Sicam, Suntech Geotextile, and Weavetech, among others while the virtual exhibition format will feature live product demonstrations exclusive for the visitors tuned in life.

The return of Techtextil India through the new hybrid edition will provide a strong reboot to the industry by facilitating business collaboration, sourcing, and learning opportunities in technical textiles.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Textile 08-11-2021

Techtextil India gears up for its first-ever post-pandemic edition through its hybrid exhibition in November

RIL amongst other serious bidders looking at ailing Sintex

01 November 2021, Mumbai:

The serious bidders in fray for ailing Sintex Industries Ltd are as RIL in partnership with Ares SSG capital-backed Assets Care & Reconstruction Enterprises Ltd, a Welspun N Group company called Easygo Textiles Pvt Ltd, and Trident group ET that have so far believed to have submitted firm bids for Sintex which is up for grab. ET

Reports further state, "There are two more potential bidders in the form of the Gujarat-based manufacturer of textiles and yarns were from Himatsingka Ventures Pvt Ltd and GHFC Ltd.

Sintex Industries Ltd, which is currently already undergoing corporate insolvency and resolution process, reportedly already have received multiple (EOIs) expressions of interest including a few bids that include marquee foreign fund CarVal Investors and Varde Capital-backed Aditya Birla Asset Reconstruction Company to name a few so the process is on track this way.

Trademarks of Sintex Industries Limited | Zauba Corp

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Textile 02-11-2021

RIL amongst other serious bidders looking at ailing Sintex

The Cotton Corporation of India has received Cabinet clearance to receive Rs. 17,408.85 crore

10 November 2021, Mumbai:

The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has approved the Cotton Corporation of India (CCI) receiving committed price assistance of Rs. 17,408.85 crore for the cotton seasons 2014-15 to 2020-21. (up to 30 September 2021).

The government said in a statement that it is necessary to execute price support operations in cotton years 2014-15 to 2020-21 in order to protect the interests of cotton producers as cotton prices approached MSP levels.

Its adoption improves cotton producers' participation in the country's economic activities. Price support activities aid in the stabilisation of cotton prices and the alleviation of farmer distress.

According to reports, roughly Rs. 8,000 crore will be granted through extra provision for the current fiscal year, with the remainder being paid through a budgetary provision in the next fiscal.

Cabinet approves spending for reimbursing losses under MSP operations for cotton from 2014-15 to 2020-21 during the cotton season (October to September).

Cotton season 2020-21 had 133 lakh hectares under cultivation, with 360 lakh bales projected to be produced, accounting for about 25% of total global cotton production. The government sets the MSP for seed cotton based on CACP recommendations (kapas).

As and when cotton prices fall below the MSP level, the government designates CCI as the Central Nodal Agency, and CCI is empowered to implement MSP in cotton by acquiring all FAQ grade cotton from farmers without any quantitative ceiling. Cotton producers are protected against distress sales by MSP operations in the event of a price drop.

By building 474 procurement centers in 143 districts, CCI keeps its infrastructure ready in all 11 key cotton-growing states.

According to the statement, during the worldwide pandemic in the previous two cotton seasons (2019-20 and 2020-21), CCI acquired over 1/3 of the country's cotton crop, or approximately 200 lakh bales, and distributed more than Rs. 55,000 crore directly to nearly 40 lakh farmers' bank accounts.

CCI has already made the necessary provisions in all 11 main cotton-growing states, including the deployment of people at more than 450 procurement centers, to meet any possibility of MSP operations for the current cotton season, 2021-022.

For the Jute Year 2021-22, the government has also issued reservation guidelines for the required use of jute in the packaging (1 July 2021 to 30 June 2022).

Foodgrains must be wrapped in jute bags 100 percent of the time and sugar must be put in jute bags 20 percent of the time, according to the required packaging standards set for Jute Year 2021-22.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Textile 10-11-2021

The Cotton Corporation of India has received Cabinet clearance to receive Rs. 17,408.85 crore

The Southem India Mills Association (SIMA) appealed its stakeholders to hold out as cotton prices likely to stabilise going forward

03 November 2021, Mumbai:

The Southem India Mills Association (SIMA) has exhorted its stakeholders to stay cautiously optimistic holding out to let the prices stabilise given the better than last year yield expected going forward. SIMPLICITY

Given the prevailing demand supply global trade dynamics the trade witnessed elevated cotton prices per candy to 2.67,000 in September 2021 from 2.55,000 per candy prevailing earlier and this unfundamental price hike has been hovering since the beginning of September, SIMA meeting was to meet this emerging panic situation only and urged/ advised trade buyers/ end users to keep a close tab on the evolving market situation & stay nuanced.

The possible unfolding of this crisis situation is a fallout of accelerated demands thrown open by pandemic as the global and domestic markets have started to offtake surprisingly robust quantities on sustainable basis notwithstanding the 10 percent import duty levied on cotton have only worsen the case and is led to the situation in India what we confronting today.

Although the supply constraints is expected to ease off with the start of the new season with around 100 lakh bales of opening stock and likely estimate 'CAI' has put out (around 360 lakh bales) is a reason enough to hold out and see in the coming weeks the cotton price stabilising.

As Cotton Prices Spike, 2 ETFs To Try On For Size | Investing.com

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Textile 03-11-2021

Nykaa IPO subscribed 82x at the closing note

01 November 2021, Mumbai:

Nykaa brand owing FSN E-Commerce Ventures went for Rs 5,352-crore IPO, closed yesterday with an overwhelming subscription of 82.4x, accomplished by robust subscriptions by high net worth investors (HNIS) and financial institutions (FIs).

Albeit there is some bit of skepticism amongst the investor community that the stock was overpriced, as it is observed that varied global institutions competed directly with each other to grab a piece of the anchor book that was opened a day earlier the IPO's launch on October 28.

Notably, at the upper end of the price band, let us not forget that the price-to-earnings ratio for this stock was well above 800.

Rs 5,300-crore preliminary public providing (IPO) of NYKAA, did witness a very consistent investor frenzy at heightened investor interest & passion and was resultant it oversubscribed 82.4 times till concluding day i.e. Monday.

According to the TOI report," As things stand it gathered 2.16 billion bids for the 21.2 million stocks, except the anchor portion of the investment. The institutional investor portion was once subscribed to 92 instances, the rich investor portion 112.5 instances, the retail investor portion 12. three times, and the portion reserved for staff by way of 1.8 instances.

Nykaa IPO subscribed 11 times, NIIs portion booked 17 times on last day

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Textile 01-11-2021

Nykaa IPO subscribed 82x at the closing note

NITMA: Level playing field for domestic Polyester Spun Yarn ( PSY ) producers

09 November 2021, Mumbai:

President, Shri Sanjay Garg urges the textile ministry that the domestic Polyester Spun Yarn manufacturers be given a level playing field as the PSY imports are @ zero duty under ASEAN FTA from Indonesia & Vietnam, whereas polyester staple fibre is not included in the FTA which is cleared at a full duty rate of 5%.

Sanjay Garg | President | NITMA
Shri Garg, President NITMA along with a small delegation met with the Textile Secretary on 8th Nov 2021 and pleaded with him to levy ADD on PSY at the rate of 5% due to the fact that Polyester staple fibre is not included in the FTA which is cleared at a full duty rate of 5% whereas PSY imports are cleared at zero duty under ASEAN FTA from Indonesia and Vietnam and sought a level playing field for the domestic industry.

He stated that in the presence of this anomaly, domestic mills have no chance to compete with imported goods. Imports are doubling every year since 2015 from 486 Tons/month to 5,109 Tons per month in 2020/2021. The current market share of imports has reached 25% of the total domestic consumption. In a matter of 1-2 years, it will significantly & thereafter completely wipe out the domestic polyester spinning industry.

Shri Garg opined that alternatively, removal of basic customs duty on polyester staple fibre or its inclusion in the ASEAN FTA would also give a level playing field to the domestic industry. As both these options would take a long time to materialize, he appealed to the Textile Secretary that the anti-dumping be imposed till such time the FTA is modified to include polyester staple fibre or till such time that the basic customs duty on polyester staple fibre is removed.

It is worth mentioning here that the Directorate General of Trade Remedies, after 18 months of elaborate investigations has already recommended the imposition of duty on the same.

Shri Garg advocated that domestic manufacturers do not require any undue protection or advantage over the imports but the only thing that is needed is a level playing field. In order to protect the domestic industry and to create a level playing field, the rate of duty on input raw material and finished goods need to be the same, which is currently not the case hence the early imposition of the anti-dumping duty is required.

This move is necessary to not only revive the domestic spun yarn industry but also to save and protect the domestic industry thereby encouraging “ Make In India “.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Textile 09-11-2021

NITMA: Level playing field for domestic Polyester Spun Yarn ( PSY ) producers

IHGF, Export Promotion Council for Handicraft (EPCH) registers heavy turnout, business enquiries surge

02 November 2021, Mumbai:

The 52nd edition of the Indian Handicrafts and Gifts Fair (IHGF-Delhi) which was held at India Exposition and Mart Greater Noida closed on Sunday with business enquiries worth Rs 1,850 crores. The event was held in its physical form after a gap of 18 months. TOI

Approximately 1,250 overseas buyers from 90 countries and over 1,100 buying consultants visited the fair.

The B2B fair saw participants from over 90 countries this year though the bulk of buyers were from the US. The other visitors were from countries like the UK, UAE, France, Germany, Netherlands, Austria, Belgium, Greece, Italy, Sweden, Russia, Japan, Australia, China, Singapore, South Africa, Israel, Saudi Arabia, Turkey, Canada, and Brazil.

Over the last many years, a large number of buyers and sellers have been dependent on IHGF Delhi Fair for procurement and supply of products that vibe well with consumers across world markets and are readily sellable.

Indian handicraft exports of 2019-20 were around Rs 25,670 crores whereas handicrafts exports during the six months of the current financial year from April to September 2021-22 were Rs 15,995.73 crores.

The US share in this is Rs 9,855 crores. Overall, the handicraft segment is registering a growth of over 60.34 percent over the same period last year. The success of this fair has meant that the message has gone out that India has opened up to the business.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Textile 02-11-2021

IHGF, Export Promotion Council for Handicraft (EPCH) registers heavy turnout, business enquiries surge

Cotton Association of India (CAI) estimates 2021-22 Season 'Cotton Production' to 360.13 lakh bales

1st November 2021, Mumbai:

The Cotton Association of India (CAI) last Saturday shared its estimation on the cotton output to be around 360.13 lakh bales for the said crop year (October-September) 2021-22, thankfully on the back of the expectation of improved yield.

As a quick comparison to the corresponding period, "The total cotton production in the Yester season is estimated at 353 lakh bales, which was lower by 7.13 lakh bales to the current estimated yield, the CAI reported.

"The heartwarming news is that cotton yield is estimated to be robust and the growers are anticipated to go in for the third and fourth pickings due to adequately good availability of water on the back of a satisfactory monsoon season this year," CAI president Atul Ganatra alluded to PTI.

Let us make no mistake that," The estimate comes at a juncture when the cotton prices are hovering at the exponential price levels of ₹64,500 per candy (for 29mm ginned variety) whilst for ₹8,800 for a quintal of raw cotton respectively to reflect the existing state of affairs.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

Textile 01-11-2021

Cotton Association of India (CAI) estimates 2021-22 Season 'Cotton Production' to 360.13 lakh bales

Quarterly Results of Sutlej Textiles and Industries

Sutlej Textiles & Industries Ltd is one of India's largest integrated textile manufacturing companies with a presence across the value chain – from yarn to home textiles.

Sutlej Textiles & Industries Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 1,253.29 Crore) operating in the Textiles sector.

Net Sales/Income from operations 577.77 crores v/s previous quarter 670.98 crores. Net Profit/(Loss) For the Period for the quarter ended 24.02 crores v/s 31.13 crores in the previous quarter.

Sutlej Textiles & Industries Ltd. Company is a company that is listed on the Bombay Stock exchange (BSE) and the National Stock Exchange (NSE). The company declares its results every quarter and board meeting of the company is held regularly. Sutlej Textiles & Industries Ltd. is managed by a board of directors with appropriate guidance from the top management.

Money Control

(The news article has not been edited by DFU Publications staff)

Yarn Manufacturers in India - Sutlej Textiles

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

Textile 09-11-2021

Quarterly Results of Sutlej Textiles and Industries

GreenKraft Producer Company is visited by the US Consul General and Tamil Nadu's Finance Minister

02 November 2021, Mumbai:

GreenKraft Producer Company Ltd. in Madurai was recently visited by Judith Ravin, Consul General, US Consulate, Chennai, and Palanivel Thiaga Rajan, Minister for Finance and Human Resources Management, Government of Tamil Nadu.

The GreenKraft Producer Co. Ltd., which was founded by Industree Foundation and is currently supported by USAID, employs over 3,700 women in 12 manufacturing units to produce sustainable home and lifestyle products from banana bark for international markets, including IKEA, Target, Carrefour, Caravan, Gala Group, and The Forest Door.

Interactions with female producers took place during the tour. A successful walkthrough of the unit gave a pleasant sense of normalcy and a return to the field, with all necessary Covid-related precautions in place.

"We are extremely proud to be a part of a project that has had such an impact on the lives of marginalised women and their families," Judith Ravin said, praising the work of women and the Industree Foundation. We are confident that the project will have a lasting influence on the lives of millions of women across the country."

“The growth of women is at the forefront,” Palanivel Thiaga Rajan stated, “and GreenKraft, as a centre creating eco-friendly items from banana peel, is a narrative of empowerment in its own right.”

According to Neelam Chhiber, co-founder of the Industree Foundation, the foundation is also leading the POWER project, which is now being implemented throughout natural value chains of banana, bamboo, and non-timber fibre produced in the states of Tamil Nadu, Karnataka, and Odisha.

Women are trained in technical and entrepreneurial skills, financial literacy, gender equality, and women's empowerment as part of the assistance provided.

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Textile 02-11-2021

GreenKraft Producer Company is visited by the US Consul General and Tamil Nadu's Finance Minister

SIMA & CITI to impress upon Tamil Nadu CM, MK Stalin seeking to ramp up cotton production

30th October 2021, Mumbai:

A sincere effort of 'The Southern India Mills Association (SIMA) Chairman', Ravi Sam and Confederation of Indian Textil Industry (CITI) Chairman, T Rajkumar, SIMA Secretary-General, Dr. K Selvaraju by meeting & trying to impress upon Hon'ble Chief Minister. Tamil Nadu, MK Stalin earlier this week.

During the process, they submitted a very structured memorandum sharing industry vision of seeking to augment cotton production in near future in Tamil Nadu against existing data point of 5 lakh bales up to 30 lakh bales by submitting a roadmap of formulating the 'Cotton Cultivation Mission' under the aegis of Hon'ble TN Government's Department of Textiles and in engagement with key stakeholders such as SIMA CD&RA & so and so forth.

As per the association's spokespersons, TN CM reportedly gave a patient hearing and the appeal was well received. In furtherance to this, the delegation also went on to meet the Minister for Industries, Thangam Thennarasu, Principal Secretary to spare no stone unturned.

The timing of this initiative is apt when," Cotton prices in India soar as demand rises & stock depletes".

Top Cotton Producing Countries from 1960 to 2019 - YouTube