26 May 2022, Mumbai:

CEMATEX INTRODUCES AN ONLINE BUSINESS PLATFORM TO CONNECT THE GLOBAL TEXTILE COMMUNITY.

ITMAconnect platform available to all ITMA 2023 participants before, during, and after exhibition 25 May 2022 – An online platform that allows ITMA 2023 participants to build connections, source technologies and solutions, share ideas and grow their business has been introduced by CEMATEX - the European Committee of Textile Machinery Manufacturers and owner of ITMA 2023.

ALSO READ ITMA'23: Space application response exceeds expectations

ITMAconnect is the new one-stop sourcing platform and knowledge hub that complements the ITMA 2023 exhibition which will be held at the Fiera Milano Rho, Milan, from 8 to 14 June 2023. It will enable exhibitors, visitors, and industry partners to start their engagements before the exhibition, make appointments for in-person meetings at ITMA 2023, and continue their discussions even after the exhibition.

Mr. Ernesto Maurer, President of CEMATEX, said: “Even before the Covid-19 pandemic, we have been exploring ways to add value to our participants in the digital space.

RELEVANT NEWS  'ITMA Live series' to feature Innovative Technologies

We are excited that with the launch of ITMAconnect, we now offer the global textile community enhanced opportunities that extend beyond the physical exhibition.

We hope exhibitors will make full use of this online platform to keep their contacts engaged while generating new leads to grow their business.” Exhibitors will be able to pinpoint business opportunities in advance by allowing them to have access to ITMA 2023 buyers early.

Join our community on Linkedin 

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

23 May 2022, Mumbai:

The Union Government has been periodically taking a series of policy initiatives to mitigate the unforeseen ill-effects and economic crisis posed by the Covid pandemic and make India the fastest growing economy and convert the challenges into opportunities by enhancing the global competitiveness of the Indian textile industry and create a record in exports.

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

In a press release issued here today, Mr Ravi Sam, Chairman, The Southern India Mills Association has thanked the Hon’ble Prime Minister, Shri Narendra Modi, Hon’ble Minister of Finance Smt Nirmala Sitharaman and Hon’ble Minister of Textiles, Shri Piyush Goyal for removing the antidumping duty on elastomeric filament yarn.

He has said that the usage of elastomeric filament yarn in the dress materials including denim enhances the value addition considerably and throws opportunities to increase the exports.

He said that the ADD removal would create a level playing field for the Indian textile industry in the international market and also would enable to import of high-quality elastomeric filament yarns that are not manufactured in India at a competitive rate.

RELEVANT NEWS SIMA: Entire cotton textile value chain needs to stand united to mitigate cotton & yarn price crisis

SIMA Chairman has said that the NDA Government led by Shri Narendra Modi has been bringing several historical reforms apart from taking various bold and proactive policy initiatives to make Atamanirbhar Bharat a reality and make India as the highly competitive manufacturer in the globe. He has said that the Government had already removed the antidumping duty on most of the man-made fibres and their raw materials including PTA, MEG, PSF, VSF, acrylic fibres and now the elastomeric filament yarn.

Mr Ravi Sam has welcomed the decision of CESTAT for endorsing the decision of DGTR and rejecting the proposal to consider the levy of ADD on the viscose staple fibres.

Mr Ravi Sam has stated that all these proactive and bold initiatives would make the recently announced production linked incentive scheme a successful scheme, attract huge investments and make India achieve an exponential growth rate in the MMF textile value chain.

Join our community on Linkedin 

20 May 2022, Mumbai:

Even after Piyush Goyal calls for mutual agreement. No consensus yet among cotton textile players.

Current availability and demand

With the traders
44 lakh bales
With mills
45,00,000 bales

ALSO READ Elevated Cotton Prices: Its Impact On Textile Exports & Domestic Demand
From summer crop 5-6,00,000 Bales from Tamilnadu, Karnataka
Expected import; 3-4 lakh bales till September
The monthly cotton requirement is 20-22 lakh bales.

Cotton production is down 7.35% to 315 lakh bales as per the latest third adventure estimate.

Rate of Gujarat 29 mm cotton on Thursday at rupees 1,02,000 per candy, up from 46,700 per candy a year ago.

RELEVANT NEWS CITI hails withdrawal of import duty on Cotton

Cotton traders want cotton rates to drop first.

The raw cotton, cotton yarn, and textile industries are unable to reach a consensus on how to address high cotton prices after textile minister Piyush Goyal asked them for a mutually agreeable solution to avoid extreme steps by the government.

Cotton prices in India have risen due to strong demand from the cotton market, diminishing stockpiles, and a 10% import levy on cotton. In July, the price of cotton increased by $3,800 per confection in 15 days. The sharp rise in prices has thrown the business into disarray and rendered Indian exporters uncompetitive.

Join our community on Linkedin 
CREDITS: ET Dt 20-05-2022 (The news article has not been edited by DFU Publications staff).

25 May 2022, Mumbai:

IT BRINGS THE WORLD TO YOU. The show provides an unmatched opportunity to meet and do business with some of the best suppliers from around the world in apparel, accessories, and textiles. If you’re looking to improve your supply chain, compare costs and services, produce your own label, diversify your brand or source from 1000s of products and ranges, then the International Sourcing Expo is the event for you.

ALSO READ India-Australia agreement: Apparel businesses optimistic about it

WHO SHOULD VISIT?

Attendance at International Sourcing Expo is a must for industry professionals associated with apparel, accessories and textile manufacturing, marketing and sourcing.

Join our community on Linkedin 

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

21 May 2022, Mumbai:

Unlocking the Potential of Social Standards to Converge.

IAF and ITMF have developed the Standards Convergence Initiative (SCI) to help identify the full potential of convergence across social standards and to reduce audit fatigue.

ALSO READ  ITMF Awards 2022 Extension of Deadline until April 30th, 2022

The Standard Convergence Initiative (SCI) is an initiative of the International Apparel Federation (IAF) and the International Textile Manufacturers Federation (ITMF) with the aim of having a third party and brand/ retailer proprietary standards align across four key areas to help combat growing audit fatigue in the textile and footwear sector.

RELEVANT NEWS The 37th IAF World Fashion Convention to be held in Bangladesh, Nov'22

Preventable and tragic incidences and reported prevalence of forced/ child labour have highlighted the urgent need to improve working conditions in the global textile and footwear sector. In an effort to mitigate the situation, third party and brand/ retailer proprietary standards have proliferated and subsequently, manufacturers and suppliers find themselves facing multiple audits for standards that differ only slightly.

Join our community on Linkedin 

21 May 2022, Mumbai:

ISKO Opens Its First Product Development Centre Based In United Kingdom – Creative Room London.

LONDON — May 12, 2022 — SKO has opened its first product development center based in London. Creative Room London is a unique and innovative space and the first of its kind in the United Kingdom.

ALSO READ ISKO™ Luxury collections by PG

ISKO™ has officially opened their Creative Room in London! 🤩 It´s the first denim product development center of its kind in the UK. With a scientific focus on sustainable washing and finishing techniques, thanks to our technologies!!

Creative Room London customers will be able to work in parallel with experts to achieve the desired denim look while maintaining the highest standards of quality and sustainability.

RELEVANT NEWS ISKO opens Creative Room London

The opening of this one-of-a-kind facility marks the expansion of ISKO’s Creative Room Services (CRS) division and its dedication to the continuation of responsible production.

It is the latest initiative of Creative Room Services (CRS), a division of ISKO devoted to offering streamlined and simplified solutions for all denim requirements – from fabric to finished garment. 

Join our community on Linkedin 
CREDITS: ISKO (The news article has not been edited by DFU Publications staff).

19 May 2022, Mumbai:

Mostafiz Uddin, the founder of the Bangladesh Denim Expo, said that some 85 companies from 39 countries came to showcase their products at the exhibition. After two years of suspension due to Covid-19, the response from participants in the event was beyond imagination, he said.

ALSO READ 12th edition of Bangladesh Denim Expo to happen in 2022

Bangladesh Denim Expo in Dhaka on 10-11 May, a new edition after a two-year break, characterized by a focus on sustainability and the central theme "Beyond Business".

The 2-day Bangladesh Denim Expo ends in Dhaka. The two-day-long Bangladesh Denim Expo, aimed at promoting Bangladeshi denim goods concluded at the International Convention City (ICCB) in Dhaka.

RELEVANT NEWS Bangladesh Denim Expo in Dhaka on 11th and 12th November: An Overview

Bangladesh Denim Expo is The One-Stop Innovative Denim Sourcing Platform for Denim Industry. Bangladesh Denim EXPO is an International Denim Trade Show, The exhibition is a one-stop innovative sourcing platform in Bangladesh for the global denim industry.

Join our community on Linkedin 
CREDITS: Bangladesh Denim Expo BD Denim EXPO (The news article has not been edited by DFU Publications staff).

24 May 2022, Mumbai:

The government is eyeing the second edition of the production-linked incentive (PLI) scheme for textiles and has begun consultations with the industry.

ALSO READ PLI Scheme for Textiles & Its Impact

#Srtepc #Dhirubhaishah & Bhadresh Dodhia thank Ministry of Textiles, Government of India for the #PLIScheme which will aim to take over good market share through increasing huge production capacity domestically as the technical textile segment has the most potential for growth & request a lower investment threshold of Rs25 crore instead Rs100 crore now.

Join our community on Linkedin 
CREDITS: SRTEPC (The news article has not been edited by DFU Publications staff).

20 May 2022, Mumbai:

Vishal Fabrics plans to add another facility to manufacture 10 million meters of denim fabrics per annum in H2FY23. The company recently added another facility to manufacture 10 million meters of denim fabrics per annum.

READ Vishal Fabrics continues to focus on 'Quality & Innovation'

Currently, it has eight denim manufacturing facilities with an annual capacity of 80 million meters per annum. The two new facilities will boost the annual capacity to 100 million meters per annum at Dholi Unit. Total investment in this project will be Rs 30 crore and funded by internal accruals.

RELEVANT NEWS The sale of finish textiles at Vishal Fabrics Limited (India) goes up

Vinay Thadani- Chief Financial Officer and Chief Operating Officer, Vishal Fabrics informs, the company’s export team plans to add 12 countries from the southern region and is working on Latin America and European countries & Pre covid, Vishal fabrics focused on the domestic segment.

However, now it is focusing more on the export front.

Join our community on Linkedin 
CREDITS: Vishal Fabrics (The news article has not been edited by DFU Publications staff).

19 May 2022, Mumbai:

ISKO, ISKO™ Luxury by PG, Eurotay, Officina 39, and Wiser Wash hit Denim Première Vision in Berlin.

ALSO READ Denim PV BERLIN On May 17 & 18

ISKO and ISKO™

Luxury by PG ISKO is present at the tradeshow with two stands, one dedicated to ISKO alone and one dedicated to its collaboration with Paolo Gnutti, which has resulted in the ISKO™ Luxury by PG.

EUROTAY

The industry 4.0 leader showcases its future-forward vision and products through the AW23/24 collection. 

OFFICINA39

Officina39 shares its Ozone Booster SMART 03, the latest technological addition by the Trustainable™ collection, the Circular Explorations: Recipe for Change educational project, and the collaboration with Emina Batik and Tintes Egara.

RELEVANT NEWS The CMA, UK may soon issue list identifying/ condemning greenwashing fashion cos

WISER TECH

For the first time ever at an in-person event, innovation and technology company Wiser Tech channels Wiser Globe's forward-thinking vision and displays stunning WOX machinery generation combining advanced hardware technology and software algorithms working on the cloud.

Join our community on Linkedin