All Stories

Tirupur exporters meet FM, urging to help SMEs

01 March 2022, Mumbai:

A fresh influx of money is desperately needed to revitalize MSMEs and return them to regular operation.

Apparel exporters in Tirupur have asked the Finance Minister to establish a new plan similar to ECLGS that would allow MSMEs to take out extra credit of 10% to 20% of their present ceiling, which is urgently needed to get them out of the crisis.

Tirupur Exporters' Association (TEA) President Raja M. Shanmugham and Vice President E. Palanisamy met with Nirmala Sitharaman, Union Minister of Finance and Minister of Corporate Affairs, in Chennai and handed over a representation requesting that issues to support MSMEs in this time of crisis be addressed, as well as the condition imposed in the Union Budget 2022-2023 while importing accessories be removed.

They also pointed out that exporting firms that were buying 1kg cotton yarn for Rs. 300 15 months ago could now only buy 1⁄2 kg cotton yarn for the same price, putting MSMEs in serious financial difficulty. 

ALSO READ: Ludhiana MSME Association: Apparel Sector seeks tech upgrade from the next Punjab government

It's worth noting that Tirupur Knitwear exports in the current financial year 2021-22 totaled Rs. 26,030 crore in the first ten months (April-January) and are on track to surpass Rs. 32,000 crore. The business is concerned that Russia's recent invasion of Ukraine and the worldwide fallout might disrupt supplies to the EU and UK markets.

Raja M. Shanmugham, TEA also mentioned that in the Union Budget, a Condition No. 9 has been imposed in the amended Notification No. 02/2022-Customs, and as a result of this condition, knitwear exporting units are required to visit the Customs Preventive Unit in Coimbatore for the import of items on each occasion, posing additional practical difficulties as well as wasting a significant amount of time due to various reasons.

Aside from the needless delay, there are other costs associated with getting things done. The TEA has pointed out that this issue has arisen at a time when the government is promoting commercial ease.

The TEA has also requested that the Interest Equalisation Scheme (IES) be extended for another two years with retroactive effect. The IES on Pre- and Post-Shipment Rupee Export Credit, which was set to expire on September 30, 2021, was not renewed.

 

RELATED ARTICLE Ministry of Textiles: To provide subsidy support to Textile industry incling MSMEs through ATUFS & Powertex India

BGMEA Vice President Miran Ali and Directors Asif Ashraf, Tanvir Ahmed and Abdullah Hil Rakib were also present on the occasion.

Join our community on Linkedin

*Credits: Textile Today

Tirupur exporters meet FM, urging to help SMEs

Texport Inds looks at investing in Sircilla Apparel park

26 February 2022, Mumbai:

Texport Industries

It is in the business of manufacturing and export of woven and knitted apparel and knitted fabric.

The company is based in India and has offices in Bangalore and Mumbai and sourcing offices in Salem and Tirupur, apart from manufacturing operations in the States of Karnataka, Andhra Pradesh, Kerala, and Tamil Nadu.

Sircilla Apparel park, Telangana

The Telangana government developed an apparel park over 64.49 acres of land on the outskirts of Poddur village in Sircilla.

Texport Industries Pvt Ltd chooses to set up a garment manufacturing facility at the Sircilla Apparel park.

ALSO READ: Telangana has urged the Union Government to help the state's textile industry

*The facility will be set up on a plug-and-play mode in the built-to-suit (BTS) unit that will be set up by the Telangana government over 7.41 acres at the park. Texport will be installing 800 machines and creating 1,600 jobs in the first phase.

In the second phase, the facility will be expanded to 1,000 machines and will step up the job creation to 2,000 over a three-year period. Texport managing director Narendra D Goenka said the company decided to set up shop in Sircilla due to the availability of skilled workers and the industrial friendly policies of the Telangana government.

Texport also inked a memorandum of understanding with the Telangana government here on Friday in the presence of Telangana industries minister KT Rama Rao.

 

RELATED ARTICLE: Netaji Apparels of Tamil Nadu is interested in establishing a textile park in Andhra Pradesh's East Godavari

Join our community on Linkedin 

*Figures mentioned in the above article have been sourced from TOI article.

Texport Inds looks at investing in Sircilla Apparel park

Garment exports likely to top $20 bn next FY or yer after: MoT

24 February 2022, Mumbai:

India's garment exports are expected to exceed $20 billion next fiscal year or the year following, according to the Ministry of Textiles (MoT). India's garment exports were worth $15.2 billion in 2021.

"We should be able to break the $20 billion mark in garment exports next fiscal year or the year after that." In the next five years, the country's textile exports might climb from $40 billion to $100 billion.

There are several large opportunities. "Demand is still strong, and the west's China plus one sourcing strategy is a fantastic opportunity for us," said Textiles Secretary Upendra Prasad Singh.

He also stated that, in order to profit from the Production Linked Incentive (PLI) plan, the Indian garment sector should focus on vertical integration.

"I recognize clothing and garments is not highly investment focused, but it is very essential from an employment standpoint," he remarked virtually addressing the 44th Foundation Day of the Apparel Export Promotion Council (AEPC). Perhaps there is a need for backward integration, and more of you can participate in integrated value-chain activities such as spinning and weaving."

ALSO READ: Upendra Singh, Textile Secretary: Sustainable Solutions growth driver for Indian textile industry

The government is dedicated to making the Prime Minister's Mega Integrated Textile Region and Apparel (PM MITRA) program a success, according to the top administrator. He explained that the goal is to create not only world-class infrastructure but also a vibrant industry. "The AEPC has a significant role to play.

Let's not only look at the big picture; let's look at the details. "Let's do it one product at a time, nation by country," he remarked.

Chairman of the AEPC, Narendra Goenka, spoke about the organization's evolution, which now includes services such as skilling, assessment, market intelligence, advocacy, capacity building programs on financial risks, compliance management, IPR issues, AI and technology-driven manufacturing innovations, lean and six sigma, circularity, and sustainability, among others.

He outlined key priorities for the apparel industry, including leveraging policy support for improving scales and product diversification, leveraging upcoming FTAs, developing new USPs based on sustainability and responsible business, and utilizing technology and artificial intelligence for a leaner supply chain and better branding.

 

Follow us on Linkedin & Youtube.

Subscribe to our daily e-newsletter.

*Figures mentioned in the above article have been sourced from Bolly Inside & Fashion Network article.

Garment exports likely to top $20 bn next FY or yer after: MoT

Ethnic wear brand Libas to organize flagship sale event

24 February 2022, Mumbai:

New Delhi-based ethnic wear brand Libas will hold its flagship sale event-Libas Purple Days Sale from February 25, 2022. The sale event will offer shoppers discounts up to 60 percent on the latest ethnic wear trends, both online and in-stores.

The event will showcase stylish kurtas, graceful suit sets, breezy ethnic dresses, timeless saris, comfortable loungewear, flattering plus-size options, etc.

Starting on February 25 up to March 2, 2022, the sale will offer many amazing deals. Customers will be provided an extra 10 percent discount on their orders worth Rs 2,499 and above by using the code 'PURPLE10'.

ALSO READ:

They can also avail of an extra 15 percent on purchases worth Rs 3,999 and above by using the code 'PURPLE15'. Well-accustomed to offering customers safe, secure, and prompt doorstep deliveries, Libas also offers convenient online payment options along with payment on delivery.

Customers can avail themselves of free shipping and easy returns within 15 days of purchase. Launched in 1985, Libas offers everything from stylish ethnic wear to comfortable fusion silhouettes for women, carefully curated in line with fashion trends worldwide.

It creates aspirational yet affordable and approachable fashion.

 

Follow us on Linkedin & Youtube.

Subscribe to our daily e-newsletter.

 

Ethnic wear brand Libas to organize flagship sale event

Jharkhand weaves are reimagined as streetwear by Johargram

26 February 2022, Mumbai:

Traditional Jharkhand weaves are being reimagined as unisex streetwear by clothing designer Johargram, which has commenced distribution in the UK with multi-brand store Loom And Things. Johargram began as a streetwear company in 2020, collaborating with Mehar community weavers in Jharkhand to preserve traditional handloom processes.

The firm intends to continue to grow its network of weavers in order to further assist local artisans and diversify its product offerings.

The company is noted for its androgynous look, loose pieces, and more structured outerwear. Traditional Jharkhand clothing such as the Betra Luga, Biru Gamcha, and Kukhna Shawl are reimagined as modern garments in the brand's new 'Latehar bunkar' line. Through new cooperation with Loom.

ALSO READ: With The Simpsons, Levi's debuts a streetwear-inspired line

And Things, a multi-brand e-commerce site that specializes in transporting Indian designer items to the UK, Johargram's new collection is now available to consumers in the United Kingdom.

Loom And Things said on Facebook that the business's "gender-neutral range of bomber jackets and co-ord sets has brought to the fore crafts that were in the danger of extinction," as it launched the brand on its website.

Although well known for its streetwear, the company has gained a following among politicians. Johargarm's distinctive style Biru Bomber Jacket, woven by Mehar Simdega traditional handloom weavers, was recently worn by Jharkhand Chief Minister Hemant Soren at an important occasion in the state, according to the brand's Facebook page. 

 

RELATED ARTICLE: Capsul, a multi-brand streetwear platform opens a new store in Bengaluru 

Join our community on Linkedin .

*Figures mentioned in the above article have been sourced from Fashion Network article.

Jharkhand weaves are reimagined as streetwear by Johargram

M&S and AMHSSC join together to promote gender equality and worker empowerment

24 February 2022, Mumbai:

Through the Providing Opportunities for Equal Rights to Women (POWER-1) Project, the Apparel, Made-ups & Home Furnishing Sector Skill Council (AMHSSC) and the worldwide well-known brand Marks & Spencer (M&S) have joined forces to promote gender equality and empower garment industry employees.

With 14 peer trainers, the initiative will cover 15 factories with a minimum of 100 employees each.

ALSO READ AEPC, N.Goenka, Chairman: The extension of the Emergency Credit Line Guarantee Scheme (ECLGS) to bring relief to apparel exporters

Narender Goenka, Chairman, AEPC and ATDC; Premal Udani, Chairman, AMHSSC; Dr. Roopak Vasishtha, CEO, AMHSSC; Nidhi Dua, Regional Head India & Sri Lanka – India Sourcing Perspective, M&S; Fiona Sadler, Global Head of Responsible Sourcing – M&S Plan A (Global Perspective); and Ranjeeb Sarma, Head of Compliance and CSR, M&S

The project, according to a news release, aims to maximize advantages to the clothing and textile sector by voluntarily adopting a program for a safe work environment for women by leveraging a congenial, sustainable environment at the top, supervisory, and worker levels.

 

Workers, supervisors, and managers, including middle and senior management, will get training in order to enable a safe work environment for women and disrupt the culture of silence, which is the project's foundation. The initiative will concentrate on raising awareness about gender equality, empowering male and female workers, enacting legislation to prevent, ban, and remedy gender-based harassment, and developing policies and mechanisms. This approach will have an influence on workers in the next years, resulting in a beneficial shift in the workplace culture that appreciates women's labor and dignity.

 

Follow us on Linkedin & Youtube.

Subscribe to our daily e-newsletter.

*Figures mentioned in the above article have been sourced from Apparel Resources article.

M&S and AMHSSC join together to promote gender equality and worker empowerment

Tripura, CM invites Bangladesh to invest in clothing industry

26 February 2022, Mumbai:

For all the right reasons, the prospective industrial sector in India's North-East states is attracting attention right now.

The region possesses vast natural resources, a cheap and hardworking labor force, well-developed transportation, and cross-border connections with nations in Southeast Asia.

Tripura's Chief Minister, Biplab Kumar Deb, has stepped forth to welcome Bangladeshi garment makers to invest in the state, recognizing the potential of the state's manufacturing industry.

"Bangladesh is a behemoth in the apparel business," Deb said. I'd want to invite business magnates to come and build up manufacturing plants at Sabroom, which is barely 72 kilometers from Chittagong's port.

We're establishing a logistics center, a Special Economic Zone, where Bangladeshi investors would be eligible for incentives.

ALSO READ: Bangladesh the top denim apparel exporter to the USA: Second straight year

" If the made clothing is exported, according to Deb, the factories must pay customs taxes. "However, if a garment is created in Tripura, the Indian government would provide subsidies to the manufacturing units," Deb explained, adding, "Both the Prime Ministers (of India and Bangladesh) have elevated the long-standing friendship between the two countries to new heights."

Whenever I requested the assistance of Bangladesh's Prime Minister for a project, she did not deny it. Tripura received everything she had."

It's worth emphasizing that in Tripura, projects worth several thousand crores are already in the implementation stage, and Bangladesh might gain if it chooses to invest in the state. "Bangladesh is a cement and steel exporter. Infrastructure development projects of Rs. 3,500 crore are now underway in Tripura, including railroads.

Bangladesh can also benefit from it. When the North East's commerce passes via Chittagong port, Bangladesh's economy would benefit as well," Deb said.

RELATED ARTICLE: The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan: Bangladesh’s garment export to India will continue to grow

 

Follow us on Linkedin.

Join our community.

*Figures mentioned in the above article have been sourced from aninews.com & Apparel Resources article.

Tripura, CM invites Bangladesh to invest in clothing industry

AEPC celebrates its 44th Foundation Day

25 February 2022, Mumbai:

Upendra Prasad Singh, Secretary, Ministry of Textiles has said that the Indian apparel industry must focus on vertical integration to increase its scale and size and to benefit from the Production Linked Incentive (PLI) scheme.

Speaking at the 44th Foundation Day of Apparel Export Promotion Council (AEPC) today , Shri Singh said, “sapparel and garmenting is not very investment centric but it is very important from an employment point of view. Perhaps, there is a need for backward integration and more of you can get into integrated value-chain like spinning and weaving.”

Image

ALSO READ: Upendra Singh, Textile Secretary: Sustainable Solutions growth driver for Indian textile industry

Virtually addressing the Foundation Day, the Textiles Secretary said that along with the PLI scheme, the government is committed to make the Prime Minister Mega Integrated Textile Region and Apparel (PM MITRA) scheme a success. Idea is not to just have a world class infrastructure but also a thriving industry there, he said.

Stating that textile has always been among the top priorities of the government, the Secretary said, “There are a lot of big opportunities. The demand continues to be robust and the China plus one sourcing strategy by the west is certainly a great opportunity for us.”

Shri Singh said that it all depended on how good, efficient and integrated the Indian apparel industry is and how it increases its size and scale. “AEPC has a big role to play. Let us not get into just the macro figure, let us get into the micro level.

Let us go product by product and country by country,” he added. “We should be in a position to breach $20 billion apparel exports by next fiscal or the year after that,” Shri Singh said, adding that the country’s textile exports can increase from the current $40 billion to $100 billion in the next five years.

AEPC Chairman, Shri Narendra Goenka shared the journey of the AEPC since its establishment in 1978 from a quota monitoring and export promotion body to the Council that today offers services ranging from skilling, assessment, market intelligence, advocacy, capacity building programs on financial risks, compliance management, IPR issues, AI and technology driven production innovations, lean and six sigma, circularity, sustainability, among others.

Goenka listed down the key priorities for the apparel sector namely leverage policy support for improving scales, product diversification, leverage the upcoming FTAs, create new USPs based on sustainability and responsible business, use technology and AI for leaner supply chain, and better branding.

AEPC Vice Chairman Shri Sudhir Sekhri spoke about the initiatives taken by AEPC for the holistic growth of the apparel sector. AEPC is the official body of apparel exporters in India, under the aegis of Ministry of Textiles, which provides invaluable assistance to Indian exporters as well as importers/ international buyers.

 

Follow us on Linkedin & Youtube.

Subscribe to our daily e-newsletter.

*Figures mentioned in the above article have been sourced from PIB article.

AEPC celebrates its 44th Foundation Day

Latest Publications

Image

Join Our Group

Join Our Group