10 February 2022, Mumbai:

Due to the high cost of cotton yarn, Tirupur's garment makers are increasingly concentrating on recycled cotton. The market for recycled cotton has been increasing in recent months, according to a story in the New Indian Express, a popular English daily.

When recycled cotton yarn is combined with another fiber, such as polyester, it not only gives excellent quality and comfort, but it also enhances the amount of recycled cotton used.

Cotton yarn prices have been hovering around Rs. 350 per kilogramme in all categories, according to industry estimates, while recycled cotton yarn (open-ended cotton) costs between Rs. 230 and Rs. 280 per kilogramme. For clothes makers, this price differential is a welcome respite. It's worth noting that Tamil Nadu has around 600 open-ended mills.

Recycled cotton is created from waste and leftover clothing parts that are separated by color before being delivered to a crusher. The crushed components resemble cotton fibers in appearance, but they are weak and cannot be spun into yarn. As a result, polyester components are added, transforming the fiber spindle into a yarn (recycled yarn).

There is no need to color the recycled cotton yarn again because it has already been dyed. As a result, no additional chemical processing or water washing is necessary. Importantly, using recycled cotton yarn saves a significant amount of time. Furthermore, numerous big global companies need recycled cotton yarn, as well as obtaining the Global Recycled Standard (GRS) for recycled yarn.

ALSO READ: TIRUPPUR TRADERS EXPECT COTTON YARN PRICES TO RISE POST FESTIVE SEASON

"The increasing price of cotton has hampered the commerce of cotton yarn," stated M. Jayapal, President of the Open-Ended Spinning Mills Association. As a result, yarn mills have been given price increases, which has had a significant impact on garment units. As a result, we've had to look for alternatives, and recycled cotton is the best."

When it comes to primary colors, the recycled cotton yarns have a little color difference.

There is also a little difference in the amount of comfort. Many knitting machines, on the other hand, blend recycled cotton yarn with regular cotton yarn while sewing stripes and checks, and the result is far better than cotton yarn.

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*Figures mentioned in the above article have been sourced from New Indian Express & Apparel Resources article. 

08 February 2022, Mumbai:

The Indian government is considering whether or not to continue with the Export Promotion Capital Goods programme (EPCG). EPCG is a crucial export scheme that permits exporters to import certain capital goods used in manufacturing without paying tax. It has been in place for more than three decades.

The trade department is looking into whether the plan, which has been determined to be in violation of WTO standards, is still needed or may be scrapped.

According to media sources, certain sectors of the government believe that the EPCG plan is not promoting the expansion of the domestic capital goods industry and that it should be stopped. The Commerce Secretary, BVR Subrahmanyam, recently told the media that EPCG is not off the table, but that some programmes are being scrutinized.

The garment industry has proposed amendments to the EPCG plan to address the rising demand for capital investment in the sector, as the Production Linked Incentive (PLI) scheme has been extended to the apparel sector, which requires significant capital expenditure.

The revenue department, according to sources, is in favor of progressively phasing out the plan. The incentives provided to the electricity industry under the plan were eliminated over 10 years ago. On the subject, the Commerce and Industry Ministry has had one round of discussions with the industry. Capital items for pre-production, production, and post-production are eligible to be imported duty-free under the plan.

However, this is contingent on the fulfillment of a specified export obligation equal to six times the duty, taxes, and cess saved on capital goods, which must be completed within six years of the authorisation's issuance.

Nearly 95,000 authorizations were given between 2015 and 2017. Exporters have pushed the government to keep the plan running for another six years.

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

09 February 2022, Mumbai:

The Ministry of Textile (Mot) as always is in perpetuity eager to get clothing included in the early harvest programme which many agree is a work in progress between India and the UK principally as in precursor to would be full-fledged Free Trade Agreement (FTA).

*Officials say duty reduction on both sides is acceptable as imports of textiles from the UK are low.

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

05 February 2022, Mumbai:

A Mysuru-based clothing entrepreneur lost Rs. 1 crore to a gang that offered him a loan of Rs. 100 crore to help him develop his business.

On the basis of a complaint submitted by a businessman, the police have opened a cheating case against three people.

According to sources, Vincent wanted to foray into garment exports, with a budget of Rs. 100 crore. He was in severe need of large loans in order to satisfy his immediate working capital requirements. 

Sanjaya Shukla, who offered to secure a loan of Rs. 100 crore, was presented to him. Vincent was ordered to pay 1% of the total to Shukla's supervisor, who owns a private firm in Chandigarh. Vincent paid Sanjay Rs. 1 crore in installments after the gang agreed to transmit the loan payment but fell silent.

Vincent filed a cheating complaint against Shukla and two others once he realized he had been duped (Rahul Tiwary and Ashraf Khan). The incident is being investigated by the local police department.

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

08 February 2022, Mumbai:

After a prolonged muted period, garment industry of Indore, a hub for readymade garment manufacturers and traders, is all set to enhance production capacities pinning hopes on demand from weddings and ahead of Ramazan.

Anticipating a jump of around 20-30 per cent in demand in the coming months as against the same period a year ago, garment manufacturers have started procuring clothes and placing orders with mills.

Indore Readymade Textile Dealers Association president Ashish Nigam said, “We have started preparations and placed orders with mills for clothes to prepare for the season. Last year, we could not do well because of the lockdown but this year as Covid-19 cases have declined, we are hopeful of a better season.”

Manufacturers said, the spike in Covid-19 cases just before the wedding season and restrictions to combat the spread of the infection, dampened the consumer sentiments resulting in piles of inventories with traders. Traders are hoping to clear inventories and get fresh orders from traditional markets this season.

Indore, is a major trade centre for clothes and readymade supplies across the country with Tamil Nadu, Kerala and Andhra Pradesh as major markets sharing over 60 per cent of market share.

Garment manufacturers said enquiries for advance orders have started pouring from Southern markets of India and this is likely to be followed by other states in coming weeks. They said demand for Ramazan starts at least 2 months in advance starting with South India.

Another garment manufacturer Sandeep Jain said, “We are hopeful of better business this season looking at the overall response from wholesalers and retailers. Units will increase production but the priority will be to exhaust the inventories from past months.”

There are around 1,200 readymade garment manufacturers in Indore. Readymade complex in Pardeshipura, is a hub for garment manufacturers housing around 125 units.

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

05 February 2022, Mumbai:

*Market Overview

The global lingerie market was valued at USD 72,094.49 million in 2020. The lingerie market is expected to register a CAGR of 7.79% during the forecast period (2021-2026).

With most retail outlets closed and limited fitting room facilities, the sales of lingeries in physical outlets have been affected drastically during the COVID pandemic.

However, the demand for more work from home comfort outfits and zero feel products through e-commerce has been demanding during the pandemic period.

The sales of non-wired bras and bralettes sales up by approximately 40 % compared to 2019 stated by online retailer Figleaves. Amidst the pandemic, the purchase of lingerie underwent a drastic change. Pre-pandemic, women chose to buy innerwear from physical stores where they could see, touch, feel, and in some cases, even opt for trials.

However, due to the COVID-19 outbreak and the mandatory lockdowns, customers were forced to stay indoors, triggering a shift in their purchasing behavior. In the pandemic scenario, women resorted to buying their innerwear from e-commerce platforms that offered varied designs at good discounts and doorstep delivery. This option also provided them with better privacy.

The comfort factor while working from home also catalyzed the online sale of lingerie. Moreover, social media helped consumers understand the importance of self-hygiene and the benefits of good quality lingerie.

With millions of women working from home, they opted for comfort and self-care. Over the medium term,the change in outlook toward underwear and lingerie from being a necessity to fashion products in order to complement a toned body is a major factor driving the demand for fashionable and trendy lingerie.

The increasing availability of a broad range of products in multiple designs for various purposes, such as sports, bridal wear, and regular wear, has also been driving the global market.

Over the past few years, social and cultural movements, such as body positivity, inclusivity, sustainability, and diversity, had a big impact on the lingerie market. Furthermore, the demand for seamless and one-piece intimate apparel in a natural look is increasing among consumers, which is further fueling the market growth.

For instance, manufacturers, such as Jockey, Enamor, Amante, and Hunkemoller, offer seamless brassieres, panties, bodysuits, and briefs, among others.

The inclusion of a wide range of colors, finish application, and fabric design is yet another factor for a positive change in consumer’s purchasing behavior for lingerie.

Moreover, lingerie manufacturers have been collaborating with multiple distributors including supermarket chains like Walmart, Tesco, and Target, among others, and independent retailers to expand their product availability, and reach out to more consumers.

An increasing number of lingerie brands use diverse models of varied body types and un-retouched photography.

*“…if we can get hold of a portion of the global lingerie market, our exports will go up by at least several billion US dollars,” claims BGMEA Vice-President Shahidullah Azim while Managing Director of DBL Group Mohammed Abdul Jabbar also maintains there was huge potential for Bangladesh in lingerie.

SQ Group is a leading garment manufacturer from Bangladesh and a renowned name in intimatewear.

“Bangladesh in general is still somewhat lacking in terms of value addition…,”underlines the General Manager (HR) of SQ Group, Shahriat Hossain while adding established players are already at it in the right earnest and are also catering successfully to the premium segment.

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*Figures mentioned in the above article have been sourced fromMordor Intelligence & Apparel Resources article. 

08 February 2022, Mumbai:

Aditya Birla Fashion and Retail Limited (ABFRL), India's leading fashion company, today announced its plans to set up a platform for foraying into the Direct to Consumer (D2C) business.

The Board of directors of the Company in their meeting today provided an omnibus approval to set up a new subsidiary towards building a portfolio of distinct, new-age, digital brands across categories in fashion, beauty and other allied lifestyle segments.

The D2C portfolio will be built through organic and inorganic means. This venture will initially be funded through ABFRL's internal accruals. At an appropriate time, the company will look to bring in external capital to accelerate the growth journey.

The D2C market opportunity in India is expected to be $100bn by 2025. The newly incorporated entity will organically incubate and also acquire promising and scalable D2C brands.

Other than providing growth capital, ABFRL's proposition is built around its strong operational expertise where it will utilize its rich experience and capabilities to scale up this portfolio.

Commenting on the move, Mr. Ashish Dikshit, Managing Director, ABFRL said, "We are excited about the D2C opportunity in India.

At ABFRL, we want to build the next set of iconic brands in the digital space as we evolve with our changing consumers. Leveraging our core capabilities around design, product creation, sourcing and brand building that have enabled us to create some of India's most loved fashion brands in the offline space, we now wish to craft a blockbuster portfolio in the digital space as well.

We are confident that this foray will successfully meet the aspirations of digitally native customers and also create long-term value for investors and other stakeholders."

The company will now accelerate the process of building the D2C framework and identifying key talent for this play. ABFRL will look to tap into the broader tech ecosystem and collaborate effectively with its ecommerce partners, tech service providers, digital marketing agencies to scale this business rapidly.

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