Mon, Nov 29, 2021

All Stories

Techtextil India is now open for business!

26 November 2021, Mumbai:

Techtextil India 2021, the major trade fair for the technical textile sector today, has opened in Mumbai, organized by Messe Frankfurt India. The show's goal is to encourage industry unification and economic recovery throughout the technical textiles value chain.

SPIRIT OF MUMBAI: India's biggest-ever technical textiles fair Techtextil  India opens today with a 23% surge in exhibitors reflecting the progressive  sector

"The Government policies entirely cater for the growth of technical textiles," Ajit Chavan, Secretary, Textiles Committee, stated at the show's opening. We have set a target of Rs. 2 lakh crore for the country, and the Indian industry is working hard to meet that goal. 

We have a lot of potential in agrotech and medtech as a country, and we've always been on the cutting edge of packtech, geotech, and other high-tech fields." Some of the prominent Indian firms participating in the exhibition are Weavetech Engineers, Lenzing Fibers India, Khosla Profile, Lucky International, Meera Industries Ltd., Park Non-Woven Pvt. Ltd., Sarex Chemicals, Alok Masterbatches Pvt. Ltd., SICAM, and Suntech Geotextile.

One of the highlights of Techtextil India is a special showcase of German technology at an exclusive German pavilion, which includes 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., as well as some of the country's top technical textile manufacturers.

Marja Einig, Deputy Consul General, German Consulate General Mumbai, spoke on being a part of the first post-pandemic edition, saying, "Messe Frankfurt India has made it happen!" 

We are having a German pavilion in India for the first time since the epidemic. A wonderful array of specialized machinery for different technological textile items, ranging from alternative energy to masks, fabrics, and sports shoes, is also on show. 

Welcome to ITTA | ITTA

What we can do with a well-equipped manufacturing line is fantastic, and that is one of Techtextil India's and the German firms participating here's main areas."

Companies from Tamil Nadu participating in the event include Cyber Textiles India, Jayashree Spun Bond, Lenzing Ag India, Leister Technologies, Loyal Textile Mills Ltd., Milltex Engineers, Superfil Products, and Uster Technologies (India). 

Amit Agarwal, Chairman, Indian Technical Textiles Association (ITTA), Avinash Misar, Vice Chairman, Indian Technical Textiles Association (ITTA), Anup Rakshit, ED, Indian Technical Textiles Association (ITTA), Robin Kapoor, CEO MD, PARK Nonwoven, Pramod Khosla, CMD, Khosla Profil, and Raj Manek, ED and Board Member, Messe Frankfurt Asia Holdings Ltd.

Outlook & Management

 

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

Techtextil India is now open for business!

Techtextil India is now open for business!

26 November 2021, Mumbai:

Techtextil India 2021, the major trade fair for the technical textile sector today, has opened in Mumbai, organized by Messe Frankfurt India. The show's goal is to encourage industry unification and economic recovery throughout the technical textiles value chain.

SPIRIT OF MUMBAI: India's biggest-ever technical textiles fair Techtextil  India opens today with a 23% surge in exhibitors reflecting the progressive  sector

"The Government policies entirely cater for the growth of technical textiles," Ajit Chavan, Secretary, Textiles Committee, stated at the show's opening. We have set a target of Rs. 2 lakh crore for the country, and the Indian industry is working hard to meet that goal. 

We have a lot of potential in agrotech and medtech as a country, and we've always been on the cutting edge of packtech, geotech, and other high-tech fields." Some of the prominent Indian firms participating in the exhibition are Weavetech Engineers, Lenzing Fibers India, Khosla Profile, Lucky International, Meera Industries Ltd., Park Non-Woven Pvt. Ltd., Sarex Chemicals, Alok Masterbatches Pvt. Ltd., SICAM, and Suntech Geotextile.

One of the highlights of Techtextil India is a special showcase of German technology at an exclusive German pavilion, which includes 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., as well as some of the country's top technical textile manufacturers.

Marja Einig, Deputy Consul General, German Consulate General Mumbai, spoke on being a part of the first post-pandemic edition, saying, "Messe Frankfurt India has made it happen!" 

We are having a German pavilion in India for the first time since the epidemic. A wonderful array of specialized machinery for different technological textile items, ranging from alternative energy to masks, fabrics, and sports shoes, is also on show. 

Welcome to ITTA | ITTA

What we can do with a well-equipped manufacturing line is fantastic, and that is one of Techtextil India's and the German firms participating here's main areas."

Companies from Tamil Nadu participating in the event include Cyber Textiles India, Jayashree Spun Bond, Lenzing Ag India, Leister Technologies, Loyal Textile Mills Ltd., Milltex Engineers, Superfil Products, and Uster Technologies (India). 

Amit Agarwal, Chairman, Indian Technical Textiles Association (ITTA), Avinash Misar, Vice Chairman, Indian Technical Textiles Association (ITTA), Anup Rakshit, ED, Indian Technical Textiles Association (ITTA), Robin Kapoor, CEO MD, PARK Nonwoven, Pramod Khosla, CMD, Khosla Profil, and Raj Manek, ED and Board Member, Messe Frankfurt Asia Holdings Ltd.

Outlook & Management

 

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

Techtextil India is now open for business!

Palaniswami, The AIADMK coordinator, Suggests for 'reduction of import duty on cotton'

AIADMK co-coordinator, Edappadi K. Palaniswami, on Wednesday, demanded a reduction in the import duty on cotton, and a ban on the export of yarn and cotton.

Making his suggestions in the light of reports of a spike in the price of cotton yarn, Mr. Palaniswami, in a statement, wanted the State government to hold talks with bodies representing textile manufacturers, handlooms, power looms, importers, and exporters and resolve their issues.

cotton yarn prices | YnFx

The government should take stern action against those hoarding cotton and yarn; provide a subsidy on yarn and impress upon the GST Council to get the 5% tax removed on yarn and cotton.

Referring to the pace of production of dhotis and sarees under a government-funded scheme, the former Chief Minister said adequate yarn was said to have not been provided to weavers, hampering production. This should be set right immediately, he demanded.

In another statement, AIADMK coordinator O. Panneerselvam sought the intervention of Chief Minister M. K. Stalin in sorting out issues concerning employees of the State Transport Corporations such as the release of dearness allowance, provision of terminal benefits and pay hike, allocation of funds for the purchase of spare parts and reimbursement of the cost of running free bus services.
 
Also, he wanted the latter to reduce the financial burden of the transport corporations and take action against those who attacked employees of the corporations. The Hindu
(The news article has not been edited by DFU Publications staff)
 
Edappadi K Palaniswami: AIADMK general council endorses Edappadi K  Palaniswami as CM candidate | Chennai News - Times of India
 
Palaniswami, The AIADMK coordinator, Suggests for 'reduction of import duty on cotton'

In Tamil Nadu, the pricing of yarn has become a severe concern (India)

In Tamil Nadu, a prominent textile state, high yarn prices have become a severe concern. 

The industry in Tirupur is going on strike tomorrow in protest of this. K. Palaniswami, the opposition leader in Tamil Nadu, has requested the state government to grant yarn and yarn subsidies to weavers, as well as cut the import tariff on cotton.

Palaniswami, the former Chief Minister and AIADMK Joint Coordinator, also requested that the State Government wipe out the state's cotton and yarn hoarding.

Palaniswami cited the textile industry's recent spike in yarn costs as an example of how the units were unable to take new orders and also fulfill existing orders with higher input prices. 

Hoarding and tax rise on cotton imports, he added, are the primary causes of the price increase, which has impacted handloom and power loom operations. Owners of the power loom, he claims, are selling their equipment to make ends meet. 

The Weekend Leader - Raja Shanmugam | TEA, President | Warsaw  International, founder | Success Story

The members of the Tiruppur Exporters Association (TEA), according to Raja M. Shanmugham, President of the Tiruppur Exporters Association (TEA), "give wholehearted support to the collective decision of all trade groups and labor unions to observe a general strike and hunger strike." 

He has also urged his members to make the protest a success so that the Central Government would pay notice and act in the best interests of the value-added garment sector.

 Focus sectors

 

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

In Tamil Nadu, the pricing of yarn has become a severe concern (India)

Incorrect and skewed data submitted to Hon’ble Minister of Textiles, Commerce and Railway, Shri Piyush Goyal by CITI and Spinning Associations:Dr. Rikhab C. Jain, TT Ltd

22 November 2021, Mumbai:

There are conflicting interests within Textile Industry. No Doubt. But none of the stakeholders should give any wrong information, incorrect data, skewed and twisted data about the impact of space rocketing cotton prices 70% plus rise within the last few weeks.

CITI mentioned that “Cotton accounts for 55% to 60% of yarn cost and yarn cost account 20% to 25% of the garment and made up cost”. This statement is untrue, wrong, and is enough to create an adverse mindset for any decision-maker.

Paragraph 1 of the CITI statement mentions that yarn cost for garments is 20% to 25% only. This is absolutely wrong. Yarn cost for a garment made up and hosiery articles will range from 40% to 65% depending upon lower segment, middle segment, or higher segment products.

Obviously packing cost and value addition is more in the case of elite products, but even their yarn cost is not less than 40%. In the case of fabric, yarn cost may touch even 80% to 85%. For instance, for white cotton knitted fabric, the value addition is just 15% to 20%.

Govt eyes $10-billion technical textiles exports in 3 years - The Financial  Express

Similarly, the Statement that 20% to 25% is only yarn cost in the case of made-ups is also absolutely wrong. It would be normally in line with other fabrics only as made-ups have no tailoring cost at all.

Spinning Mill Associations and CITI have wrongly printed papers to impress that rise in cotton prices and cotton yarn prices have not gone up in tandem.

Cotton yarn prices have moved up by 65% plus against cotton price moving up by 80% approximately in the post COVID period. It is very clear that yarn prices have moved up much more than warranted by cotton prices.

Even if cotton cost is taken as 60% of yarn cost, yarn prices should not have increased by more than 50% to 55% (assuming 10% inflation in other costs).

India's textile exporters to see 20-25% growth this fiscal: Icra eport |  Business Standard News

On this issue, it must be further clarified that consumers' pocket is almost empty due to pandemic, loss of earning, rise in food prices and food products prices and due to inflation shoot up in other consumer have left no money to buy clothing.

Everyone knows that a rise in clothing prices will highly adversely impact demand locally and internationally. It has been seen during mill strikes in

Ahmedabad and Mumbai in the Eighties.

As Prices of knitting, processing, and margins of the spinning mills have increased, the Garment and Apparel sector has to raise this issue about their burden due to cotton and yarn price rise. A lot of spinning mills earn reasonably but not unduly.

Let not speculate in cotton, not disturb the textile industry, the mother industry of India.

In the above-captioned matter, the wrong fact was presented to the Hon’ble Minister. It is a very disturbing fact that wrong data, a wrong fact presented to minister with an objective that government should not take any action against speculation and against cotton speculators.

I appeal to all Garment, Apparel & Hosiery, made-ups, fabric manufacturers including Khadi and handloom to take immediate action towards the crisis imposed by the historical speedy rise in cotton prices without any significance.

Let fresh representation be made to the Government of India and Spinners

Associations. CITI in fact is not an apex textile body but only a new version of the Indian Cotton Mills Federation (ICMF).

With hope to get the situation corrected in an amicably desirable manner in the

The interest of the entire Textile Industry. If any clarification is required by anyone, I am at his disposal alludes Dr. Rikhab C. Jain, TT Ltd.

(Views are of the industry expert only. The news article has not been edited by DFU Publications staff)

Rikhab Chand Jain of TT Limited took on Audi over a name | Business  Standard News

 

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

 

Incorrect and skewed data submitted to Hon’ble Minister of Textiles, Commerce and Railway, Shri Piyush Goyal by CITI and Spinning Associations:Dr. Rikhab C. Jain, TT Ltd

Cotton arrivals in October recorded at 31.12 L bales: The Cotton Association of India (CAI)

24 November 2021, Mumbai:

The organisation has retained its earlier projection of crop yield for the season beginning October 1, 2021, at 360.13 lakh bales, up by 7 lakh bales from 353 lakh bales estimated for the previous year.

The Cotton Association of India (CAI) on Tuesday stated that cotton arrivals in the first month of the season stood at 31.12 lakh bales (170 kg each), up by about 15 % from 27.16 lakh bales recorded in the same month last year.

Cotton Association of India
The organisation has retained its earlier projection of crop yield for the season beginning October 1, 2021, at 360.13 lakh bales, up by 7 lakh bales from 353 lakh bales estimated for the previous year.

During October, the total cotton supply, including the arrivals of 31.12 lakh bales, is estimated at 107.12 lakh. It includes imports of 1 lakh bales and also the opening stock of 75 lakh on October 1. On the other hand, the CAI has estimated cotton consumption during October at 27.91 lakh bales with export shipments of 4 lakh. Financial Express

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

Cotton arrivals in October recorded at 31.12 L bales: CAI - 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.

 

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

 

Cotton arrivals in October recorded at 31.12 L bales: The Cotton Association of India (CAI)

GST notification to correct textiles tax anomaly: Nirmala Sitharaman

24 November 2021, Mumbai:

Finance Minister Nirmala Sitharaman on Tuesday said the recent government notification on uniform goods and services tax (GST) at 12 percent for the textile and apparel sector was aimed at correcting the inverted duty structure that was leading to the accumulation of input tax credit by companies.

Claiming Input Tax Credit under GST Regime

She did not subscribe to the industry’s fears that this would lead to higher prices of finished products. “Every time adjustments in rates do not lead to the price increase for customers.

A higher rate on inputs was leading to higher refunds to taxpayers and needed correction.

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

GST Council to fix inverted duty anomaly soon - Hindustan Times

 

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

 

 

GST notification to correct textiles tax anomaly: Nirmala Sitharaman
Protextive
Virtual Fashion

Latest Publications

Brand News

Retail News

Lifestyle News

Trade News

Fashion News

Apparel News

Image