About Paislei 

25 April 2022, Mumbai:

About Pratap Swarup

Over 18 years of experience in the Financial space in the Consumer Electronics, Retail Apparel Industry with special exposure to Financial/Strategic Planning, Setting Up Biz control Systems, Financial Reporting, Transfer Pricing, Budgeting & Variance Control, Creating sound financial structure, Financial relationships & Financial protection, Legal & secretarial function, taxation, SAP.

ALSO READ Bestseller India collaborates with social commerce platform Trell Shop

Pratap Swarup alludes, "No matter how high you Reach. No matter how far you Go. Being acknowledged and applauded for those milestones & moments is always a feeling of high. I am filled with immense gratitude & joy in receiving the Business Leader Award for being the Best CFO of the year, conferred by the industry".

RELEVANT NEWS Bestseller's VERO MODA line expands into sleepwear and loungewear

Pratap Swarup alludes, " Without a resilient and committed Team backing up, this moment would not have been possible. a Big shoutout to Sudhir, Vinod, Sanjay K, Sandip, Udaya, Rajan, Amey, Hiren, Harshali, and the list goes on …. Special thanks go to Vineet Gautam whose leadership has paved the path of success for BESTSELLER India and his unflinching support & directions have been a catalyst in this success.

Also, I owe a big thanks to Tommas B T, Lise K, and Thomas B Jensen for their inspiring presence & guidance always, adds Pratap Swarup alludes, ".

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CREDITS: Bestseller Pratap Swarup (The news article has not been edited by DFU Publications).

02 April 2022, Mumbai:

Lectra, a prominent developer of Industry 4.0 solutions for the fashion, automotive, and furniture industries, has announced that its commercial and technological partnership with Microsoft would be expanded.

"Along with Kubix Link, which we released in 2020, Fashion On Demand by Lectra is now part of our cooperation with Microsoft, representing an increased link between our two companies," stated Maximilien Abadie, Chief Strategy Officer at Lectra.

It's worth noting that Fashion On Demand by Lectra combines a high-performance single-ply fabric cutter with Microsoft Azure-hosted smart digital cutting software.

ALSO READ (IEB) organizes a seminar on ‘Industry 4.0 in Textile & RMG sector of Bangladesh – Benefits, Challenges & Recommendations’

Fashion On Demand by Lectra is a turnkey solution for fashion companies that automates the on-demand production of garments from order receipt to cutting, according to the French technology company, giving brands and manufacturers complete control over all steps in their on-demand process, whether they are producing small series or customized items.

"This ground-breaking proposition also assists them in responding to the difficulties of Corporate Social Responsibility (CSR) that fashion sector participants today confront," Lectra adds.

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Concerns about the environment, social issues, and economic challenges now have a direct impact on consumer purchase decisions. Both the textile industry and local governments are affected by these issues. A good example is the introduction of an anti-waste law in France on January 1, 2022.

"Brands and manufacturers now have an option with Lectra's Fashion On Demand. They can manufacture single and/or bespoke orders and, as a result, can promote the proper quantity of products to ensure that they sell because they fit clients' wants and specifications," Lectra explained.

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Manufacturers are able to use a more flexible production process to produce products in small batches, resulting in increased profitability. Fashion firms may adjust their offering in real-time thanks to this adaptability, without sacrificing efficiency, fabric consumption (which can account for up to 60% of a garment's production costs), or agility.

"Through this partnership with Microsoft, Lectra pushes technological innovation, speeding the digital transformation of fashion companies and manufacturers," said Gilles d'Aramon, Microsoft France's General Manager of Global Partner Solutions.

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CREDITS: PR NEWS WIRE & Apparel Resources.

31 March 2022, Mumbai:

TMC Ltd. of New Zealand introduces 'Herculan,' a performance fabric made from overabundant interior textile wool.

TMC Ltd. The owner of Nuyarn spinning technology and a known inventor in the performance fiber and garment arena, has created Herculan, one of the first products in the world to combine better performance benefits of wool with durability and sustainability for the apparel market.

TMC's proprietary Nuyarn spinning machines were modified from the ground up to accommodate strong wool – the coarsest and most durable grade of wool fibers (>38 microns), which was previously only suitable for interior textiles such as flooring and upholstery. Herculan, a patented technology, is said to be the result of more than three years of R&D.

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Carpet wool, as the industry calls it, has a poor market value and is often too expensive to treat, package, and export in recent bearish years, so it ends up in landfills.

Interior Textile Wool is predicted to account for 40 to 50% of worldwide wool yield, according to the International Wool Textile Organization (IWTO) (source).

These coarse long wool fibers are drafted around a performance filament with the new breakthrough method, generating an exceptionally fine yarn - Herculan – that outlasted some of the industry's best synthetic fabrics in the Martindale abrasion tests pound for pound.

Herculan, according to the company, is a new technology that allows wool to be utilized in high abrasion and high impact zones in garments such as socks, boots, gloves, trousers, coats, and hundreds of other possible uses without wearing out.

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Herculan outperforms both natural wool fabrics (that are twisted) and synthetic fibers in terms of moisture management, dry times, volume, aeration, flexibility, and heat retention, as well as being non-reflective, silent, and naturally odor-resistant.

This is owing to Herculan's – and Nuyarn's – unique yarn structure, which involves drafting carpet wool around a performance thread without twisting or fraying. "We are really delighted to be presenting Herculan," said Andy Wynne, CEO of TMC Ltd.

"When we first started working to transition carpet wool into the apparel sector, everyone thought we were crazy because it had never been done before," says the company. 

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"It meets the needs of consumers who want more sustainable and durable natural fibers in their garments, while also creating new potential categories for performance and technical apparel brands."

But since we had a vision and were committed, our team was able to find a solution. The results speak for themselves in terms of durability, performance, and comfort.

Wynne went on to say that the business took an underutilized and overabundant natural fiber and converted it into a robust yarn that could fulfill abrasion demands that only synthetic fibers could previously achieve, all while enhancing wool's inherent performance benefits.

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CREDITS: Outdoor compass & Apparel Resources

18 March 2022, Mumbai:

The Government of Tamilnadu unveiled its budget for the year 2022-23 today giving major thrust for the welfare of the people, infrastructure development, industrial growth, skill development, education, health, etc.

In a Press Release issued here today, Mr.Ravi Sam, Chairman, The Southern India Mills’ Association (SIMA) has hailed the various salient features of the State Budget describing it as a comprehensive and growth-oriented budget.

He thanked the Hon’ble Chief Minister for allocating Rs.32,660 crores for the industry that would attract huge investments in the State and create new jobs for several lakhs of people.

ALSO READ SIMA, CHAIRMAN: Indian Textile Mills concerned about global order cancellations

He has said that the textile industry is the largest industry of the State that accounts for 1/3 rd of the textile business size of the Nation would be greatly benefited out of the various benefits extended under Industrial Policy that encourages scale of operation.

RELATED NEWS SIMA: India to face a cotton shortage

Mr.Ravi Sam has stated that the allocation of Rs.2,400 crores for the infrastructure development and tackling the industry 4.0 initiatives for the Industrial Training Institutes (ITIs) in the State would help the industry to get skilled manpower to manage the future generation technology.

SIMA Chief has appreciated the announcement of implementing various special programmes jointly with the industry to create a skilled labour force.

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08 April 2022, Mumbai:

TIRUPPUR EXPORTERS POST RECORD EXPORTS, BUT THE QUANTUM STILL REMAINS THE SAME.

TEA, Tirupur

Tirupur Exporters Association – popularly known as TEA – was established in the year 1990. This is an Association exclusively for exporters of cotton knitwear who have production facilities in Tirupur. From the modest beginning, TEA has grown into a strong body of knitwear exporters.

Today, TEA has a membership of 1076 Life members and 155 Associate Members. The members of the Association, from the beginning, have resolved to develop their organization by focusing on Multilateral growth of the knitwear industry and exports Development of infrastructural needs for Tirupur.

ALSO READ TEA, Tirupur: Knitwear exports contributed 1% of India's exports in FY22

Despite being hit by the Covid-19 pandemic, the knitwear hub of Tiruppur has clocked exports worth Rs 33,525 crore in the 2021-2022 fiscal accounting for 54.2 per cent of the country’s total exports in the sector, an all-time high.

But the development has not enthused the exporters in Tiruppur as the jump is only on the revenue side due to an increase in the prices of raw materials that had an effect on the final price of the merchandise and not in terms of the quantum of goods.

The multi-crore industry had been registering an increase in exports but slumped for a couple of years due to 2016’s demonetization exercise and the introduction of GST in 2017.

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However, the industry showed signs of recovery in 2018 and 2019 until Covid-19 hit the world in 2020 – from Rs 27,280 crore in 2019-20, the export figures fell to Rs 24,750 crore in 2020-21.

Despite the slump in numbers, Tiruppur’s share in overall knitwear exports from India has been on the rise – from 42.9 per cent in 2016-17, it has gone up to 54.2 percent in 2021-22.

Though a jump of around Rs 10,000 crore -- from Rs 24,750 crore in 2020-21 to Rs 33,525 crore in 2021-22 – in just about a year is significant, exporters say a non-increase in the quantum would spell doom for the industry as it would mean that the knitwear hub is losing out to countries like Vietnam and Bangladesh who have free access to key markets like the EU.

RELATED NEWS Tirupur exporters meet FM, urging to help SMEs

However, exporters said there is also a silver lining with the domestic sales increase in the past few years with many firms adopting the hypermarket concept which has led to more demand for garments.

“From just 8,500 crores before the introduction of GST, the domestic business is now worth over Rs 30,000 crore a year,” Ganeshan added.

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

24 March 2022, Mumbai:

The Circular Design Challenge (CDC) –India's largest platform and award for design entrepreneurs working in Circular Fashion, an initiative by R|ElanTMFashion for Earth in collaboration with FDCI x Lakmé Fashion Week and the United Nations and United Nations Environment Programme (UNEP) – is gearing up for its fourth season and has announced the names of six emerging design entrepreneurs.

The platform went across boundaries this season, partnering with the British Council and Studio MM04 for the UK and Germany, respectively, to encourage international nominations.

Throughout 55 applications were received from all over India, as well as the United Kingdom and Germany.

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Six finalists were chosen after a rigorous online pitch and review process that took into account circular design, environmental and social effect, business strategies, and the United Nations Sustainable Development Goals. Archana Datta, SCP and Circular Economy Expert – Asian Institute of Technology, Darshana Gajare, RISE Worldwide, Karishma Shahani, Design Mentor, Pranav Khanna, Business Mentor, and Rakesh Bali, Reliance Industries Ltd.

were among the distinguished jury members.

The Circular Design Challenge (CDC), India's largest forum and prize for Circular Fashion designers, is gearing up for its fourth season and has released the names of six up-and-coming designers.

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The CDC is a partnership between R|ElanTMFashion for Earth, FDCI x Lakmé Fashion Week, and the United Nations and UN Environment Programme (UNEP). To enhance foreign nominations this season, the platform partnered with the British Council and Studio MM04 in the United Kingdom and Germany, respectively.

55 applications were received from India, the United Kingdom, and Germany during the process.

"We started the Circular Design Challenge to accomplish the vision of our Chairman Mukesh Ambani, to turn India into a world leader in adoption of sustainable and green manufacturing practises," said Vipul Shah, COO – Petrochemicals Business, Reliance Industries Ltd., in response to the fourth edition of the Circular Design Challenge.

The Circular Design Challenge's popularity has skyrocketed over the last four seasons.

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It has now grown into a major trend in India's fashion business, which is cultivating talent in the sustainable and environmentally friendly sectors. The Circular Design Challenge has been a huge success in India, and we're thinking about expanding it internationally."

The finalists will be mentored in a variety of ways, gaining knowledge and abilities in design and product development, business and marketing, circularity concepts, and life cycle analysis.

These courses are designed to help them become actual change agents via their businesses and inventions. Each of the six entrepreneurs will deliver a pitch to the jury live on Sustainable Fashion Day at FDCI x Lakmé Fashion Week, based on the mentorship programmes.

For the first time, the winner will be determined by including a portion in which the public may vote, with the results being added to the overall score.

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CREDITS: Indian Express & Apparel Resources.

12 March 2022, Mumbai:

Tata group firm Titan Company on Friday said its subsidiary has inked a pact to acquire 17.5 per cent voting rights in US-based Great Heights Inc for USD 20 million (around Rs 152 crore).

ALSO READ: Titan Q3 FY22 Results

TCL North America Inc (TCLNA), a wholly-owned subsidiary of the company, has signed a stock purchase agreement with Great Heights Inc for a subscription of shares with voting preferred stock in the capital stock of Great Heights, the jewellery and watch maker said in a regulatory filing.

As per the pact, TCLNA would hold up to 17.5 per cent voting rights in Great Heights, it added.

RELATED ARTICLE Actor Rohit Saraf is the new brand ambassador for Titan-owned, Fastrack

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CREDITS: ET.

07 April 2022, Mumbai:

According to GlobalData, India's garment sales will reach $75.2 billion in 2022 as a result of its growing middle class and urbanization.

If GlobalData's estimates are to be believed, India's increasing middle class and urbanization will play a key role in pushing apparel sales to 2019 levels in 2022.

According to the research India Garment Market Size and Trend Analysis by Category (Clothing, Footwear, Accessories), Retail Channel, Supply Chain, Consumer Attitudes and Themes, Key Brands and Forecast, 2020-2025, Indian apparel sales might reach $75.2 billion by 2022.

According to the analysis, by 2025, the figure may have risen to the astonishing US $ 91.1 billion. GlobalData's estimates, on the other hand, are slightly lower than Statista's.

ALSO READ India’s apparel industry looks to drive growth with festive season sales

According to reports, Statista anticipated that the Indian clothing retail industry will reach the US $ 88.48 billion by the end of 2022 and US $ 106.93 billion by 2026.

According to the GlobalData analysis, while India's clothing industry reached the US $ 64.8 billion in 2021 as a result of eased restrictions and the reopening of retail establishments, the country's increasing middle class may help boost sales and attain levels in 2022.

"India's growing middle class, with higher disposable income, will bolster the growth of the apparel market, especially benefiting Western brands, as these consumers increasingly interact with social media with greater exposure to global fashion trends," Suresh Sunkara, Retail Analyst, GlobalData, said.

RELATED NEWS Indian apparel exports show an upward trajectory in the coming months

During the projected period, the desire for comfortable clothes, which increased during the pandemic, is likely to continue to position leggings, knitwear, sweatshirts, and trainers as winning categories.

According to the survey, casualization would help sectors like jeans, tops, and T-shirts reach their pre-pandemic sales faster. Due to the robust rise in the entire industry, Suresh noted that categories including suits, shirts, and dresses will also outperform pre-pandemic levels.

Furthermore, increased urbanization is causing a shift in consumer lifestyles, boosting demand for formalwear and athletics, and urban consumers now have more access to garment companies, both in-store and online.

These shifting purchasing habits will fuel demand for more trend-driven products, particularly among younger Indians, who account for a sizable share of the population.

The online channel will grow at a CAGR of 30.3 percent between 2019 and 2025, according to the report, as retailers improve their digital propositions and consumer habits shift. Online penetration is expected to rise to 26.5 percent in 2025.

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CREDITS: GlobalData analysis & Apparel Resources.

23 March 2022, Mumbai:

A list identifying and shaming greenwashing fashion brands might be released shortly if the Competition and Markets Authority (CMA) gets its way.

The Competition and Markets Authority (CMA) is the UK's competition regulator, a non-ministerial government institution charged with enhancing corporate competition and preventing and decreasing anti-competitive behavior.

It is looking at claims made by the fashion industry in the United Kingdom and will have a list of the worst offenders soon.

Last year, the CMA warned that the corporations had until 2022 to verify that their environmental claims were legal.

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The Green Claims Code, which was released in October, outlines how firms may advertise their green credentials while minimizing the danger of consumers being misled.

"Before leaving with their hard-earned money, more individuals than ever are evaluating the environmental effect of a product. "We're worried that too many enterprises are falsely claiming to be green, while true eco-friendly businesses go unnoticed," said Andrea Coscelli, CMA's Chief Executive.

The Green Claims Code was created for all types of organizations, from multinational corporations to small firms. Failure to comply with the law can harm a company's image with consumers, as well as lead to CMA action.

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Everything from fabric origin, manufacture, and transportation to trash would have to meet specific requirements in order for clothes to be fully sustainable. When a firm brands its products as eco-friendly, consumers should be able to learn about the complete supply chain and corporate procedures, as well as the pollution levels of the products.

According to the CMA, up to 40% of green claims made online may be false, implying that thousands of firms may be breaching the law and jeopardizing their image.

The CMA's 'worst offenders' list might soon include brands who disseminate incorrect or fraudulent information.

Companies will have to explain why specific goods or collections are environmentally friendly, as well as the percentage of recycled fibers in a garment. Shoppers spend about £54 billion on apparel and footwear each year.

Fashion is said to be responsible for anywhere between 2% and 8% of global carbon emissions, as well as waste and pollution. Every year, almost 300,000 tonnes of discarded clothing are burnt or buried in landfills in the United Kingdom.

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CREDITS: The Guardian, UK & Apparel Resources.

10 March 2022, Mumbai:

Meesho will bring down the payout cycle for sellers from 15 days to seven, the social commerce platform said on Tuesday.

The company also said that it won’t charge sellers for order cancellations - either by self or automatic ones.

ALSO READ: Meesho eyes at going for IPO

Payouts are payments made by an e-commerce marketplace to sellers after the sale happens on the platform.

The industry standard is 15 days. Meesho said it was the first company to offer a seven-day payment cycle.

RELATED ARTICLE Meesho digitized 4 lakh vendors

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CREDITS: ET.