13th September 2021, Mumbai:

The Textiles Ministry has set the guidelines right to follow a "challenge method" to short-list states for the proposed Mega Investment Textiles Parks (MITRA) scheme, under which seven parks will be set up in the country in the coming seasons, iterates MoT.

Centre will choose not to “pre-judge’’ the suitability of any location for its Mega Integrated Textile Regions and Parks (MITRA) scheme alludes, Textiles Secretary U P Singh. The scheme, which was announced in the Union Budget 2021-22, is at advanced stages of approval he states unequivocally.

There is been an approach of keeping things straight & simple as the only prerequisite set is that, "The land availability for the parks has to be a minimum 1,000 acres".

Under (MITRA) scheme seven (7) parks fitted with new-age infrastructure with 'plug and play facilities would be set up and there is a job in progress. "Sounding optimistic U P Singh indicated that we are expecting that in the very near future, (cabinet) approval is on the table," he told PTI.

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8th September 2021, Mumbai:

The industry is optimistically expecting to work out detailed guidelines of the scheme for the Textile sector on the back of the already announced slew of measures under the new Textile ministry.

According to sources with a financial outlay of Rs 10,683 crore over five years to boost domestic manufacturing and exports from the sector, this will empower trade to enhance the sector's competitiveness and manufacturing viability.

To put in quick context,"The Cabinet had earlier approved PLI schemes in 13 key sectors for enha­ncing India's manufacturing capabilities and exports".

The ambitious scheme aims to create world-class global champion companies in these segments as NITI Aayog envisages the schemes to deliver tangible results.

Man-made fiber (MMF) garments account for just 10% of India's overall clothing exports, which were around USD 16 billion in 2019-20. Former President of the Federation of Indian Export Organisations (FIEO), S K Saraf, stated that the government should promote both the MMF and technical textiles industries because their export share in the global market is now low.

"PLI will aid in the expansion of industry and exports. This push is necessary "Saraf said. Chairman of the Apparel Export Promotion Council (AEPC), A Sakthivel, expressed similar sentiments, saying that the council has asked the government to implement the PLI program for both of these categories, as it will assist increase India's share of the global market.

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10th Sep 2021, Mumbai:

Government to clear export incentive arrears worth ₹5,300 crore in this financial year towards Textile exporters. This amount is over and above the duty remission amount outlined for the RoDTEP scheme and the RoSCTL scheme & already announced for exports made in the current financial year. 

This amount includes claims relating to MEIS, SEIS, RoSL, other scrip-based schemes relating to earlier policies and the remission support for RoDTEP and RoSCTL for exports made in the 4th quarter of 2020-21.

The commerce ministry and exporters had been pushing for it in perpetuity for a long. The move came after Prime Minister Narendra Modi’s intervention and blessings and shall go a long way to fuel even more rapid export growth in the coming months of the FY.

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7th September 2021, Mumbai:

Aside from implementing sustainable efforts in their own manufacturing operations, several firms are also educating students at the elementary and secondary levels. Vardhman Textiles, Ludhiana, organized an event at Government Senior Secondary Smart School, Mundian Kalan, on the occasion of the International Day of Clean Air for Blue Sky.

The purpose of the event, as well as its subject of "healthy air, healthy earth," was to raise awareness about environmental conservation among schoolchildren.

The program was conducted in collaboration with the Punjab Pollution Control Board (PPCB), whose representatives were on hand to inspire schoolchildren. The children were invited to express their creativity by drawing their visions for a cleaner, healthier world.

Following the painting competition, kids participated in cultural events and gave speeches about pollution and the need to manage it. Over 80 kids from the school took part in the ceremony, and they were given presents of appreciation.

Senior officials from the Punjab Public Service Commission (PPCB) Ludhiana judged the tournament and addressed the students. Vardhman, Rikki Raj, Arvind Jha, Raju, Parmod, Mukesh Kumar, and Dhiraj Mehta from Team Vardhman, Rikki Raj, Arvind Jha, Raju, Parmod, Mukesh Kumar, and Dhiraj Mehta from Team Vardhman, Rikki Raj, Arvind Vardhman had already organised awareness seminars in the schools on other major topics.

The school's principal, Sushil Kumar, expressed gratitude to the Vardhman and PBCB teams for their efforts.

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04 September 2021, Mumbai:

Telangana Chief Minister K. Chandrashekhar Rao (KCR) has asked Prime Minister Narendra Modi to provide the Warangal Textile Park a one-time grant-in-aid of Rs. 1,000 crore.

The state plans to construct a 2,000-acre textile park. A complete textile value chain facility will be available at the park. The park's infrastructural amenities would require an expenditure of about Rs. 1,600 crore. The Centre has been asked for Rs. 1,000 crore, with the balance coming from the state government's resources.

The Chief Minister was in Delhi for a meeting with Prime Minister Modi. The need has arisen in order to boost the state's textile industry. If the Central Government agrees to the State Government's proposal, the Warangal Textile Park and the state textile sector would benefit greatly.

It's worth noting that Telangana is one of the Indian states where the textile and garment sector is booming. Apart from Indian clothing manufacturing behemoths Kitex Group and Gokaldas Images, who recently announced investments in the state, prominent global player Youngone Corporation will shortly begin operations in the state.

Telangana, India's second-largest cotton producer, produces about 60 lakh bales of long-staple cotton each year. The CM also requested the Prime Minister to approve the projects for the Hyderabad-Nagpur and Warangal-Hyderabad economic corridors.

The state government is concentrating on the state's general growth and has increased the number of districts from ten to 33.

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9th September 2021, Mumbai:

7th September 2021, Mumbai:

Gokaldas Exports, India's largest clothing exporter, has announced the start of commercial production at its new plant in Tumkur, Karnataka. Once completely scaled up and productivity is attained, this unit will add roughly 4.5 percent to the present capacity.

The firm has 19 facilities with a total of about 13,000 machines.

According to a report from ICICI Securities, the firm is now at peak utilization, with a strong order book for the next six months. To meet the high demand, it has set aside Rs. 120 crore in capital expenditures over the next two years, with the potential to produce Rs. 450 crore in additional income.

In accordance with these trends, the firm expects significant revenue growth in FY2021-22, according to the annual report. The firm has a robust order book and is expanding capacity in the short term to fulfill demand and clear production backlogs beginning in the first quarter of FY2021-22.

It's worth noting that the top Indian clothing exporter, located in Bengaluru, is also planning to invest in Madhya Pradesh (MP). In the Bhopal hamlet of Acharpura, the firm will invest in two phases. Around 4,000 people will be employed as a result of the project.

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04 September 2021, Mumbai:

Snapdeal, India's largest e-commerce company, is considering an initial public offering (IPO) that may earn US $ 350-400 million. According to rumours in the media, the retail behemoth, which is funded by SoftBank, is seeking a valuation of US $ 2-2.5 billion.

JM Financial, Axis Bank, and Bank of America have been appointed as the mandate's bankers. Snapdeal, SoftBank, Axis Bank, and JM Financial, on the other hand, have not verified this.

This is a chance for retail investors to become a part of the business's growing narrative in Tier-2, Tier-3, and Tier-4 regions, according to the company. According to sources, Snapdeal is a reinvention narrative that wants to carry the value storey to Indian customers. Snapdeal would join the ranks of other start-ups hoping to join the listing craze if it decides to go forward with the IPO process.

Between April and June 2021, 12 businesses raised a total of Rs. 27,000 crore through IPOs. Snapdeal's apparel items are one of its most popular categories. It has seen a 493 percent increase in sales of children's clothing between January and July 2021.

Snapdeal, which was founded in 2010, has over 60 million goods in 800 categories and delivers to over 6,000 cities and towns across the country.

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8th September 2021, Mumbai:

The Botanical Survey of India has made its collection of traditional textile samples from around South Asia available to designers all over the world through a free online database on its website. “It's a massive archive.

“With a single click, you can access paintings of flora, textile patterns from other nations, and even natural colors that have been concealed for centuries,” BSI director AA Mao told the Hindustan Times. “They will be extremely beneficial not only for botanists but also for specialists in the field of fashion and garment technology,” says the author.

An original set of 15 volumes created by 19th century British trader Thomas Wardle showing specimens of textiles colored with Indian dyes is now part of the digitized collection. The volumes provide data on 4,100 dye pattern samples collected from 64 plants. This online library has a large collection of traditional textile patterns and dyeing processes that may be searched for free. Between 1866 and 1874, John Forbes Watson produced 18 volumes of textile patterns, totaling 1,700 examples, which are now available online.

“You might find the design of a choga [long-sleeved robe] worn in Afghanistan's Herat province in the 19th century, the design of a Cashmere shawl woven by artisans in Kangra in Himachal Pradesh in the 1850s, or the design on a Burruch gown made of camel hair worn by Europeans and natives of Mashhad province of Iran almost 200 years ago,” said BSI's technical section in-charge SS.

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03 September 2021, Mumbai:

Because the Uttar Pradesh government is putting a lot of effort into promoting Gorakhpur as a garment manufacturing center, it has begun to attract manufacturers from neighboring states.

Ashok Prasad Khajni, a Kolkata-based entrepreneur with garment manufacturing plants in both Kolkata and Odisha, is currently establishing a shirt factory in Gorakhpur. A total of 500 jobs are projected to be created as a result of the facility.

Notably, the business will mostly serve international buyers. According to media sources, the new facility will cover around 2 acres. Though the factory was originally planned to be built on 4 acres, due to rising land prices, the unit will now be built on just 2 acres. One of the major advantages of Gorakhpur, according to Ashok, is its greater connectivity with other Indian states.

It's worth noting that the Gorakhpur Industrial Development Authority (GIDA) is now constructing 101 plots in Readymade Garment Park, ranging in size from 500 square meters to 5,239 square meters. MSMEs will get access to flattened factories as well. Yogi Adityanath, the Chief Minister of Uttar Pradesh, has often stated that Gorakhpur would be developed as a garment manufacturing center.

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