06 February 2022, Mumbai:

The country's apparel exports are likely to fetch $50 billion in 2022, says Bangladesh Garment Manufacturers and Exporters Association President, Faruque Hassan.

"Last November and December, we exported nearly $4 billion worth of garments a month. We are hopeful we can touch the $50 billion mark this year," he told a programme in Chattogram on Sunday.

Chattogram port arranged the views exchange event to discuss different aspects of the recently opened direct shipping route between Chattogram Port and Italy's Porto di Ravenna. 

Chittagong Port Authority Chairman, Rear Admiral M Shahjahan, EU Ambassador to Bangladesh, Charles Stuart Whiteley, and Italy's Ambassador Enrico Nunziatya, among others, were present at the event.

The BGMEA president said the direct connectivity with Europe was an achievement for Bangladesh. "It would reduce business costs by 40% and cut shipment time to 16 days."

He hoped more European shipping lines would launch such services on their routes.

Mentioning that an effort to establish another direct route with the USA was underway, Faruque said Chattogram port could set more direct routes with long destinations.

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

04 February 2022, Mumbai:

After a spectacular return in December 2021, the much-awaited Mumbai launch of Gartex Texprocess India and Denim Show will take place from 12 – 14 May 2022 at the Jio World Trade Centre in BKC, Mumbai. Taking centre stage this year will be the show’s ‘Fabrics and Trims’ segment along with the co-located Screen Print India exhibition.

Witnessing the tremendous opportunities at the successfully concluded Delhi edition in December 2021, the industry is longing for a continuation of personal business meetings, and strongly hinted at a Mumbai edition in the first half of the year to keep the trade momentum going. With the dates set for its Mumbai chapter, the leading B2B exhibition together with it co-located and focused segments aims to target trade visitors and textile hubs in the western and southern regions for its Mumbai debut.

As one of the most trusted textile and garment machinery exhibitions in the country, Gartex Texprocess India offers the industry a platform to bring forth industry innovations, hold creative and collaborative discussions with potential buyers and leverage the textile industry’s strong professional network.

Innovative products and technologies, defining latest trends in the industry, will be showcased to the visitors through focused concurrent platforms such as Denim Show, Fabrics & Trims Show and Screen Print India during the three days. 

Jointly organised by Messe Frankfurt Trade Fairs India Pvt Ltd and Mex Exhibitions Pvt Ltd, the platform will also host a series of insightful sessions on the latest developments in textile, garment machinery and screen printing with the objective to encourage investments, new market development and enable India to be a globally competitive textile manufacturing destination.

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03 February 2022, Mumbai:

Government is providing financial assistance of Rs. 18.18 Cr for each Apparel and Garment Making Center in North East states for infrastructure capacity building underNorth East Region Textile Promotion Scheme( NERTPS).Each Apparel and Garment Making Centers consisting of 3 units of 100 machines is set up with 100% Government funding and the facilities are made available to entrepreneurs having a background in textiles/fashions for starting their units in ‘Plug & Play’ mode.

Steps taken by the Government to promote apparel manufacturing and its export in the country are:-

(i) Production Linked Incentive Scheme for textiles for Man Made Fibre, Apparel & Fabrics and Technical Textiles has been launched in 2021-22. It is expected to attract investment of Rs. 19000 crore for manufacturing of notified product and will be able to provide employment opportunity for 7.5 lakh persons.

(ii) PM- MITRA Park Scheme to set up 7 Mega Textiles Manufacturing Parks in the country has also been launched in 2021-22. This will reduce logistics cost and will improve Competitiveness of Indian textile manufacturing. Once completed one such park is expected to provide employment to 1 lakh persons directly and 2 lakh persons indirectly.

(iii) In order to make textiles products cost competitive and adopting the principle of zero rated export, the Union Cabinet has given its approval on 14thJuly 2021 for continuation of Rebate of State and Central Taxes and Levies (RoSCTL) on exports of Apparel/Garments (Chapters-61 & 62) and Made-ups (Chapter-63) till 31^st March 2024. The other textiles products (excluding Chapter 61, 62 and 63) which are not covered under the RoSCTL shall be eligible to avail the benefits, if any, under RoDTEP along with other products.

(iv) Apart from this, the Government is also running Schemes viz. Amended Technology Up-gradation Scheme (ATUFS),  Integrated Processing Development Scheme (IPDS), Scheme for Integrated Textile Park (SITP), National Technical Textile Mission (NTTM), etc. for holistic development of textile sector.

This information was given by the Minister of state for Textiles Smt. DarshanaJardosh in a written reply in the Lok Sabha today.

CREDITS: PBI

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05 February 2022, Mumbai:

Many prominent textile manufacturing businesses place a premium on worker wellness, with a select few even introducing innovative concepts in their facilities.

One such company is the well-known Delhi-based garment export corporation Paramount Products, which places a strong emphasis on appropriate nourishment for its employees.

The organization has found that its employees are increasingly preferring sprouts to samosas for evening munchies. 

They have begun to recognise the need of a healthy diet and have begun to make the appropriate dietary choices. To enhance the popularity of nutritious cuisine, sprouts are also offered during official meetings. Bengal gramme (Kala Chana) sprouts, onion, tomato, cucumber, reddish salad, and cooked potato are used to make Sprouts Chaat.

The firm, which is approaching its 50th anniversary, creates garments for prominent international brands and shops. It has six locations in Delhi-NCR, employing about 4,000 people, and implementing health-related projects across the board.

The organization has a project called "Sehat" (Health), which is a comprehensive health and well-being programme for employees. It addresses both employees' physical and emotional wellbeing. "We conducted a poll of employees and discovered that many of them do not have a good breakfast.

We provided them with appropriate counseling in this respect, as well as a strategy to implement in order to enhance their general health; therefore, the concept was born. Workers are now pleased with this since they are able to enjoy evening snacks while also improving their health," says Rupali Agarwal, the company's Head of CSR.

The export company collaborated on this project with the Ahmedabad-based non-profit IMPAct 4 Nutrition (I4N) Platform (An Initiative for Mobilizing Private Action for Nutrition). IMPACT 4 Nutrition experts have led numerous workshops with the organization, resulting in the staff making better choices.

"Whenever a new employee joins us, we do a thorough health check and maintain MIS."

"We also have facilities to assist workers with their health difficulties," Rupali added.

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

02 February 2022, Mumbai:

Buoyed by strong orders and revival of global retail industry, India’s apparel export revenues surged 24 per cent in 2021 over 2020. Export evenues increased to $15.21 billion during calendar year 2021 as compared to $12.27 billion in 2020.

Revenues shrunk 24.50 per cent due to the pandemic in 2020 that wreaked havoc in the global apparel industry. Compared to 2019, export revenues declined by 6.43 per cent in 2021. The US emerged as top apparel export destination for India during 2021 with shipments totaling $4.78 billion worth of garments, noting 44.93 per cent Y-o-Y growth.

Apparel exports to the US surpassed the figures clocked during pre-pandemic year 2019 when US imported garments worth $4.34 billion. Not just 2019, India’s export to the US in 2021 remained the best export performance of last one decade, signaling a strong rebound in its top export destination after a devastating pandemic.

Exports to third top export destination UK increased 16.68 per cent to $1.31 billion in 2021, while the shipment values dropped by 17.44 per cent as compared to 2019.

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04 February 2022, Mumbai:

Narender Goenka, Chairman, AEPC says, the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) and increasing coverage by Rs 50,000 crore, will bring some relief to apparel exporters which fall under the MSME category.

Goenka also calls the Union Budget growth oriented and says it will create opportunities for investments, exports and employment while simplifying the procedures. He appreciated the government for announcing 35 per cent increase in capital expenditure to Rs 7.5 lakh crore for FY23 saying that it will accelerate overall growth of the economy through investments amid disruptions due to intermittent lockdowns.

The extension of benefit of 15 per cent tax for the newly incorporated manufacturing units by one more year to March 2024 will bring in fresh investments, adds Goenka.

It would specifically help in bringing in new investment in the new units under Production Linked Incentive (PLI) scheme for MMF garments, MMF fabrics and technical textiles, he states.

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03 February 2022, Mumbai:

Production Linked Incentive (PLI) Scheme for Textiles has been notified with a budgetary outlay of Rs 10683 crore to promote production of MMF Apparel, MMF Fabrics and Products of Technical Textiles in the country.

The objective is to enable Textile sector to achieve size and scale and to become competitive.Theexports of Textiles & Apparel for the year 2018-19, 2019-20 and 2020-21 are USD 36,558 million, USD 33,379 million and USD 29,901 million, respectively. The export of Textiles & Apparel from April - December 2021 is USD 30449.85 million,posting an increase of 52% over the same period during 2020.

This information was given by the Minister of state for Textiles Smt. DarshanaJardosh in a written reply in the Lok Sabha today.

CREDITS: PBI

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02 February 2022, Mumbai:

Rahul Mishra, a well-known Indian couture designer, has teamed up with Reliance Brands Limited (RBL) to establish a ready-to-wear line aimed towards international expansion.

For an unknown fee, RBL, a renowned retail conglomerate, has acquired a 60% part in the new joint venture, which will see the brand establish flagship locations in key cities over the next five years.

The partnership aims to capitalize on the designer's experience to launch a new worldwide brand that will include accessories, footwear, home, cosmetics, and jewelry, as well as ready-to-wear.

"We have watched Rahul's career for years, so it was never a matter of whether but when," said Darshan Mehta, MD and Chief Executive, RBL.

People frequently form partnerships to check a box or, to put it bluntly, to win a trophy, but we have spent a lot of time considering mutual respect and what we each contribute to the table."

"It was critical to back our capabilities with a firm with which we can co-create something based on their established skills and philosophy," Rahul Mishra said. The (new) brand will be simple, modern, and edgy, and I am confident that in a short period of time, we will have created a worldwide universe."

Manish Malhotra, Anamika Khanna, and Ritu Kumar are among the Indian designer labels that Reliance has been adding to its portfolio (through Reliance Retail Ventures).

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