All Stories

Piyush Goyal: India hits historic $400bn merchandise exports

24 March 2022, Mumbai:

The Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, today said that the achievement of USD 400 billion exports was the result of a concerted, collective effort by every sector, every stakeholder in the nation.

Merchandise exports from India have crossed $400 billion in the current financial year, 9 days ahead of schedule.

This is far higher than the previous record of USD 330 billion achieved in 2018-19.

 

ALSO READ  Piyush Goyal: Time for the Startups to help India become self-reliant

Hon’ble Prime Minister Narendra Modi has tweeted the following: “India set an ambitious target of $400 Billion of goods exports & achieves this target for the first time ever.

I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success.

RELATED NEWS Piyush Goyal: Industry has responded well to the multiple Government interventions

This is a key milestone in our Aatmanirbhar Bharat journey.” The Minister was addressing a Press Conference held to mark the occasion in New Delhi today. Goyal said that the achievement of the lucrative export target showed the world that inspite of facing numerous challenges, with sheer grit, determination, capability and talent, India would surmount all obstacles.

The Minister expressed his gratitude to all the exporters, farmers, weavers, MSMEs, manufacturers, Indian missions abroad and all other stakeholders who he said, were the real heroes behind this achievement.

He thanked the Prime Minister, Narendra Modi for leading from the front and for his relentless focus on exports. It was the clarion call given by the Prime Minister that inspired the industry to make a quantum jump in exports, he said.

Join our community on Linkedin 

CREDITS: PIB (The news article has not been edited by DFU Publications staff).

Piyush Goyal: India hits historic $400bn merchandise exports

ACIMIT, ITA organize Italian Pavilion @ Techtextil North America,May'22

25 November 2021, Mumbai:

The Association of Italian Textile Machinery Manufacturers (ACIMIT) and the Italian Trade Agency are organizing an Italian Pavilion at the forthcoming Techtextil North America, which will be held in Atlanta from May 17 to 19, 2022. (USA).

During the three-day technology showcase, 17 Italian machinery manufacturers will display machines for technical textiles and their unique solutions, according to ACIMIT.

Among the 17 Italian exhibitors are 4M Plants, Arioli, Computer House, Fadis, Flainox, Guarneri Technology, IMA Spa, Kairos Engineering, MCS Group, Ramina, Siltex, Stalam, Testa, and Willy.

ALSO READ ITALIAN TEXTILE MACHINERY: ORDERS GROW AGAIN IN 2021 FOURTH QUARTER

It's worth noting that the textile sector in the United States generated sales of more than US $ 64 billion in 2020, employing around 300,000 people and operating 15,000 businesses.

ACIMIT's member firms are hoping to capitalize on the strengths of these US enterprises, which specialize in cotton, man-made fibers, and a wide range of yarns and textiles for fashion and industrial applications.

RELATED NEWS  ITMF-- 12th Corona-Survey

After China and Turkey, the United States is the third largest market for Italian textile machinery exports. The value of Italian exports to the US market during the January-September 2021 period was € 93 million, up 74% over the same period the previous year.

Join our community on Linkedin 

CREDITS:Textile World & Apparel Resources.

ACIMIT, ITA organize Italian Pavilion @ Techtextil North America,May'22

ICA Bremen: 'Quality Experts 1st Group’ to qualify under the new certification program

11 March 2022, Mumbai:

26 Members from the cotton community become certified as ICA Bremen Quality Experts.

ICA Bremen’s first group of Quality Experts have now been certified under an internationally recognised standard to assist with cotton quality matters. The newly certified experts come from Australia, Brazil, Burkina Faso, China, Germany, Greece, Ivory Coast, Switzerland, Tanzania, Turkey and UK.

ALSO READ: STATEMENT ON END OF GLOBAL COTTON BOYCOTT FROM UZBEKISTAN

The Quality Expert scheme is a service provided by ICA Bremen which has established a global panel of specialists who will help implement an excellent standard of service and advice.

The skills they offer to the community can help provide an outstanding resource for quality arbitrators, as well as advice and information from a certified pool of industry experts.

Southern Region Operations and Technical Manager, ProClass Pty Ltd, Patrick McDonnell said; “I think the Quality Expert Programme is a great opportunity to be part of a global panel that can provide professional assistance in all facets of the quality chain to the industry”.

 

RELATED ARTICLE What Plagues Cotton, Is Shipping Issues!

Join our community on Linkedin 

 

 ICA Bremen: 'Quality Experts 1st Group’ to qualify under the new certification program

Future Retail vows to take back seized stores from Reliance

17 March 2022, Mumbai:

India's Future Retail reiterated its commitment to take back stores seized by Reliance, stating it was surprised by the move.

India's biggest retailer Reliance, showed up at many of Future’s biggest stores on February 25 this year to assume control, in what was seen as a de facto takeover.

The takeover occurred even though Future's sparring partner, Amazon.com, has introduced legal injunctions prohibiting such store transfers.

ALSO READ Future Retail director steps down

Future Retail says it is committed to taking all action to seek reversal of takeover of the stores by Reliance.

The company claimed it was surprised by the drastic and unilateral action taken by Reliance.

RELATED NEWS Reliance issues sub-leased termination notices to Future Retail stores

Reliance Industries is in the process of transferring over 30,000 Future Retail and Future Lifestyle employees and has also taken over 200 Future Group stores that are now being re-branded as Reliance stores.

Join our community on Linkedin 

 

Future Retail vows to take back seized stores from Reliance

KVIC Reserve Fund saves Khadi institutions from raw cotton price hike

15 March 2022, Mumbai:

A special reserve fund set up in 2018 to deal with market fluctuations and other eventualities has saved Khadi institutions against the steep price hike of raw cotton, says the Khadi and Village Industries Commission.

Products Price Adjustment Account was set up by KVIC in 2018 for its five Central Sliver Plants (CSPs), to meet market-driven eventualities.

The PPA fund was created by transferring just 50 paise to it from each kilogram of the total sliver/roving sold by these CSPs.

 https://dfupublications.com/images/2022/03/05/Aum13_large.jpeg

ALSO READ: House of Khaddar to mordernize Khadi for India’s youth

KVIC has decided not to increase the cost of sliver/roving being supplied to the Khadi institutions by its sliver plants across the country despite the cotton prices surging by over 110 percent.

Instead, KVIC will bear the excess cost of Rs 4.06 crore on procurement of raw cotton bales at the increased rates from the PPA fund, it added.

The price of raw cotton has increased from Rs 36,000 per candy to Rs 78,000 per candy in the last 16 months.

This has put a direct impact on the production of cotton apparel by major textile companies across the country, which have also reduced the production by 30-35 percent in recent months.

 

RELATED ARTICLE TEA, Tiruppur's new machine fosters hope for khadi fabric weavers

Join our community on Linkedin 

 

KVIC Reserve Fund saves Khadi institutions from raw cotton price hike

STATEMENT ON END OF GLOBAL COTTON BOYCOTT FROM UZBEKISTAN

11 March 2022, Mumbai:

The Cotton Campaign launched the Uzbek Cotton Pledge in 2009, consolidating efforts from brands, NGOs, and Uzbek civil society activists to put pressure on the Uzbekistan Government to stop using child and forced labor in their cotton harvest.

After a decade of pressure, the Uzbekistan Government launched a reform effort in 2017 to end systemic, state-imposed forced labor. An independent monitoring report by the Uzbek Forum for Human Rights monitoring labor conditions during the 2021 Uzbek cotton harvest found no use of forced labor.

Today in Tashkent, the Cotton Campaign announced the lifting of the global boycott of Uzbekistan cotton.

ALSO READ: What Plagues Cotton, Is Shipping Issues!

The United States Fashion Industry Association is proud to support the Cotton Campaign, and the Cotton Pledge, during this decade-long endeavor to rid the Uzbekistan cotton supply chain of child and forced labor. USFIA, and the brands and retailers we represent, oppose any form of forced labor in the global apparel supply chain.

We applaud the findings from the 2021 cotton harvest that Uzbekistan has achieved the elimination of systemic forced labor from cotton production.

We encourage brands and retailers to take a fresh look at sourcing opportunities in Uzbekistan and to work with the Cotton Campaign to maintain responsible sourcing and robust due diligence in Uzbekistan.

The United States Fashion Industry Association also encourages the Government of Uzbekistan to make further progress in establishing the enabling environment for responsible sourcing—including the registration of NGOs working to monitor cotton harvests—in order to address remaining risks to labor and human rights and to assure brands that they can source from Uzbekistan with confidence.

About the U.S. Fashion Industry Association

The United States Fashion Industry Association (USFIA) represents the fashion industry: textile and apparel brands, retailers, importers, and wholesalers based in the United States and doing business globally.

Founded in 1989 as the United States Association of Importers of Textiles & Apparel with the goal of eliminating the global apparel quota system, USFIA now works to eliminate the tariff and non-tariff barriers that impede the industry’s ability to trade freely and create economic opportunities in the United States and abroad.

 

RELATED ARTICLE Seshadri Ramkumar: Ukraine Crisis Impact on 'Cotton & Textiles'

Join our community on Linkedin 

 

STATEMENT ON END OF GLOBAL COTTON BOYCOTT FROM UZBEKISTAN

China loses 2nd biggest export market tag for "Indian Cotton Yarn"

17 March 2022, Mumbai:

According to the latest import and export data, the total exports of Indian cotton yarn (HS code 5205) was 110,800tons in January 2022, up 34.77% year-on-year but down 9.77% month-on-month.

Bangladesh remained the largest export market for Indian cotton yarn, while China was overtaken by Turkey and reached the second-largest export market for the first time since April 2021.

Indian cotton yarn exports to China in Jan were 6944tons, down 68.1% from a year earlier and 42.1% from a month earlier.

ALSO READ: Andhra Pradesh (AP) Cotton farmers face hardship as CCI yet to enter market ensuring Minimum Support Price (MSP)

Judging from the proportion of Indian main cotton yarn export market in Jan 2022, China lost the second largest market for Indian cotton yarn and was overtaken by Turkey, accounting for about 6.2% of the Indian cotton yarn export market in Jan 2022, down 4% from Dec 2021.

Bangladesh, with a share of about 45%, remained the largest market for Indian cotton yarn, up 5% from Dec 2021. Turkey, now the second-largest export market for Indian cotton yarn, accounted for 6.3%, down 3% from Dec 2021.

RELATED NEWS: Imports of cotton trousers in the United States: China loses ground in 2021; others maintain their lead

Portugal, Egypt and Vietnam ranked fourth, fifth and sixth, accounting for about 5%, Peru accounted for 4%, South Korea accounted for 3%, and other countries accounted for less than 3%.

In Jan 2022, Indian cotton yarn exports to China were significantly lower than the same period last year. From the year-on-year changes, Turkey saw the largest year-on-year increase, up 1408.48%.

Join our community on Linkedin 

CREDITS: CCF Group (The news article has not been edited by DFU Publications staff).

China loses 2nd biggest export market tag for "Indian Cotton Yarn"

Russia at war: Pushing up the prices of recycled yarn

14 March 2022, Mumbai:

India’s top furnished yarn market Panipat is facing a yarn shortage due to the ongoing Russian-Ukraine war., pushing up the prices of recycled yarn by Rs5-10 per kg, according to market information.

Panipat market is known for recycled cotton and non-cotton yarn, which is used for furnished fabrics. According to traders, it is currently slumping season for the furnishing market.

However, recycled yarn mills were facing an acute crisis of old clothes and woollens from Europe, which is a major supplier for the Panipat market, where mills import old clothes and woollens and turn them into fibre and then use for manufacturing of yarn.

ALSO READ: Despite the high cost of yarn, Indian garment makers choose recycled cotton yarn

A local trader said that the furnishing market will pick up after June and will continue to perform better till Diwali.

In Panipat, 10s recycled yarn (white) was traded at Rs95-100 per kg, 10s recycled yarn (coloured - high quality) at Rs95-100 per kg, 10s recycled yarn (coloured - low quality) at Rs65-70 per kg, and 20s recycled yarn (coloured) at ₹125-140 per kg. 10s optical yarn was traded at Rs100-110 per kg in the market.

 

RELATED ARTICLE 'Doodlage' launches recycled denim

Join our community on Linkedin 

 

Russia at war: Pushing up the prices of recycled yarn

India – Canada to consider Interim Agreement or EPTA

11 March 2022, Mumbai:

India and Canada held the fifth Ministerial Dialogue on Trade & Investment (MDTI) here today. Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles, Piyush Goyal and Ms. Mary Ng, Minister of Small Business, Export Promotion and International Trade, Government of Canada co-chaired the MDTI.

The Ministers agreed to formally re-launch the negotiations for India-Canada Comprehensive Economic Partnership Agreement (CEPA) and also consider an Interim Agreement or Early Progress Trade Agreement (EPTA) that could bring early commercial gains to both the countries.

The Ministers highlighted the existing trade complementarities between India and Canada and emphasised that the trade agreement would help in expanding bilateral trade in goods and services through unlocking the potential across sectors.

ALSO READ: The garment sector applauds the India-UAE CEPA, claiming that it will enhance apparel exports and jobs

The Interim Agreement would include high level commitments in goods, services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, and dispute settlement, and may also cover any other areas mutually agreed upon.

A range of other bilateral trade and investment issues were discussed during the meeting.

Both countries agreed to undertake intensified work with respect to the recognition of Canada’s systems approach to pest risk management in pulses and market access for Indian agriculture goods such as sweet corn, baby corn and banana etc.Canada also agreed to examine expeditiously the request for Conformity Verification Body (CVB) status to APEDA (Agricultural and Processed Food Products Export Development Authority) for facilitating Indian organic export products.

The Ministers acknowledged the significance of establishing resilient supply chains in critical sectors and exchanged views on collaboration in this area.

They emphasised enhancing cooperation in sectors such as pharmaceuticals and critical and rare earth minerals as well as in areas like tourism, urban infrastructure, renewable energy and mining.

They also noted the role of strong people-to-people ties between the two countries, including movement of professionals and skilled workers, students, and business travellers, in strengthening the bilateral economic partnership.

The Ministers agreed to work closely to provide sustained momentum to building linkages and strengthen cooperation across sectors to harness full potential of the trade and investment relationship between India and Canada.

 

RELATED ARTICLE The Ministry of Textiles wants clothing to be included in the India-UK FTA's early harvest programme

Join our community on Linkedin 

CREDITS: PIB.

India – Canada to consider Interim Agreement or EPTA

Textile And Clothing Sector: Low Down

17 March 2022, Mumbai:

The global pandemic of Covid-19 affected the textile sector initially due to restriction of social gathering. However, the situation has improved in recent months and production and exports have looked up.

The export of textiles and apparel during April-January 2021-22 is USD 34.459 billion, posting a growth of 49% over the same period in 2020-21(USD 23.137 billion).

ALSO READ: 2021,” A Year of Game-Changing Reforms” for Ministry of Textiles (MoT)

In order to overcome the above challenges faced during the pandemic, the government has taken the following major initiatives/ measures in the textile sector to boost exports, production, demand, and job opportunities in the sector on a pan-India basis:

To boost exports in the Man-Made Fibre(MMF) sector, the Government has removed anti-dumping duty on PTA (Purified Terephthalic Acid), Viscose Staple Fibre and Acrylic.

The Government has approved the setting up of Seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with an outlay of Rs. 4,445 crore for a period of seven years up to 2027-28.

RELATED ARTICLE: Cabinet's Big Push Rs 4,445-crore nod under 'PM MITRA Yojana' to set up 7 mega textile parks

In order to overcome the above challenges faced during the pandemic, the government has taken the following major initiatives/ measures in the textile sector to boost exports, production, demand and job opportunities in the sector on a pan-India basis: To boost exports in Man-Made Fibre(MMF) sector, Government has removed anti-dumping duty on PTA (Purified Terephthalic Acid), Viscose Staple Fibre and Acrylic.

The Government has approved the setting up of Seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with an outlay of Rs. 4,445 crore for a period of seven years up to 2027-28.

Join our community on Linkedin 

CREDITS: PIB (The news article has not been edited by DFU Publications staff).

Textile And Clothing Sector: Low Down

53rd IHGF Delhi Fair 2022: CONNECTING THE BEST IN INDIA's HANDICRAFTS

14 March 2022, Mumbai:

Fair Days: 30th March – 3rd April, 2022 Fair Timings : 10.00 AM – 07.00 PM (IST)

Fair Venue: India Expo Center & Mart, Greater Noida, Delhi-NCR

ALSO READ: Spectacular Inauguration of “Textiles Week” including presentation of EPCH’s ‘Handicrafts Exporters Fraternity’ at India Pavilion in Dubai Expo 2020

Representing the integrity, style, and beauty of Indian culture, with a history as ancient, diverse, and rich as the country's history, Indian Handicrafts have been admired the world over for centuries.

Preserved and perfected through generations of artisans, the handicrafts of India are creative expressions in a plethora of diverse raw materials and design influences.

53rd IHGF Delhi Fair 2022 edition presents a comprehensive collection of home, lifestyle, fashion, textiles & furniture products for the season ahead from over 2000+ manufactures & exporters.

To be held at the plush India Expo Centre, Delhi-NCR, India, the IHGF Delhi Fair exhibits over 2000+ new product expressions and more than 300 design developments across 14 product categories. This is a one stop sourcing desitnation for retailers, importers, wholesalers and design professionals.

 

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

Join our community on Linkedin 

CREDITS: IHGF.

 

 

53rd IHGF Delhi Fair 2022: CONNECTING THE BEST IN INDIA's HANDICRAFTS

Lenzing AG: Stephan Sielaff, new CEO

10 March 2022, Mumbai:

Stephan Sielaff appointed as new CEO of Lenzing AG – changes in the Managing Board and the Supervisory Board.

Stephan Sielaff holds a degree in chemical engineering and held various management positions at Unilever and Symrise from 1993 to 2014.

Between 2014 and 2020, he was responsible for the strategic development of the company as a Member of the Board of Directors (COO) at the Swiss specialty chemicals company Archroma – an important supplier of the textile and paper industry.

ALSO READ Lenzing: Supply Chain Solutions Hub Inaugurated in Surat

He was appointed Chief Technology Officer and COO of Lenzing AG as of March 01, 2020. “Stephan Sielaff took up his duties at the beginning of the Corona crisis and has shown outstanding efficiency over the two years.

His strong presence and leadership qualities convinced the Supervisory Board to offer him the role of future CEO.

We are very pleased that he has accepted the offer and that with him someone from within the company will continue to shape the future of Lenzing,” comments Peter Edelmann, Chairman of the Supervisory Board.

 

RELATED ARTICLE Lenzing: Comes up with global lyocell facility

Join our community on Linkedin 

 

 Lenzing AG: Stephan Sielaff, new CEO

Latest Publications

Image