Intex India 2023

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Walmart ramps imports from India, diversifying supply chain away from China

In an effort to reduce its reliance on Chinese suppliers, the US-based retail giant Walmart is expanding imports from India, aiming to cut costs. Walmart's imports from India have surged from 2 per cent in 2018 to 25 per cent between January and August of the current year.

Concurrently, imports from China have decreased from 80 per cent in 2018 to 60 per cent during the same period, reflecting the company's strategy to diversify its supply chain amidst increasing political tensions between the US and China and rising import costs from China.

Since 2018, Walmart has been steadily growing its operations in India, and in 2020, the company committed to importing goods worth $10 billion annually from India until 2027. Currently, Walmart imports approximately $3 billion worth of goods from India each year, covering a range of products including toys, electronics, bicycles, pharmaceuticals, packaged food, dry grains, and pasta.

This shift is seen as a positive development for the Indian manufacturing industry, benefitting from the confidence shown by global retailers and leveraging its well-equipped factory infrastructure, as highlighted by Rajesh Kharabanda, CEO of Freewill.

Walmart ramps imports from India, diversifying supply chain away from China

KARL MAYER Revolutionizes Tricot Machines Amid Market Challenges

08 November 2023, Mumbai

In the dynamic landscape of the fashion industry, KARL MAYER takes center stage with groundbreaking machinery to meet growing demands. At the upcoming ITMA ASIA event in Changzhou City from November 19 to 23, 2023, the KARL MAYER GROUP will unveil cutting-edge technologies for warp knitting.

The diverse lineup of performance-oriented machines addresses challenges in sustainability, new business avenues, flexibility, and productivity. Kay Hilbert, Product Owner Global Tricot Machines at KARL MAYER, anticipates visitors from China, Turkey, and India.

Key highlights include the high-speed TM 4 EL, outpacing competitors with up to 30% increased speed. The three-bar HKS 3-M ON introduces an Energy Data Ready option for transparent energy monitoring. The TM 2-NET offers a 20% speed boost for demanding net applications, while the HKS 2-SE excels in producing high-quality elastic fabrics.Innovative digital solutions from KM.ON, such as Digital Production Management (DPM) and CORE, promise enhanced production efficiency and shortened time-to-market.

  • To complement these technological strides, KARL MAYER ensures top-notch after-sales support through myKM.ON, a customer portal offering easy access to spare parts, expert knowledge, and online services.

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Intex India: A Global Sourcing Hub for Textiles and Apparel

21 November 2023, Mumbai

A Comprehensive Platform for Sourcing, Networking, Learning, and Innovation

Intex India has established itself as the premier sourcing destination for textile and apparel industry professionals, providing a holistic platform that encompasses sourcing, networking, learning, and innovation across the entire textile value chain. With its extensive global reach and unwavering commitment to excellence, Intex plays a pivotal role in shaping the future of textiles, not only in India but across South Asia.

The Unrivaled B2B Textile Sourcing Show

Intex India is more than just a trade show; it is an annual gathering of industry leaders, innovators, and stakeholders, bringing together Indian and global textile suppliers. It serves as the preeminent B2B international textile sourcing event, attracting a multitude of exhibitors, buyers, and professionals who are integral to the textile and apparel industry's vibrancy.

Connecting the Global Textile Ecosystem

Intex India stands as a beacon for global textile sourcing, fostering a seamless connection between exhibitors and buyers from diverse regions across the world. It offers comprehensive sourcing solutions and access to the rich and diverse tapestry of the textile and apparel industry. This convergence of industry players is a testament to Intex's role in facilitating international business relationships and promoting cross-cultural collaboration.

A Catalyst for Growth: Networking, Knowledge Sharing, and Business Expansion

Intex India offers a unique opportunity for networking, knowledge sharing, and business expansion. It caters to a wide spectrum of professionals, ranging from textile manufacturers and suppliers to designers and entrepreneurs. The trade show also exhibits the latest textile innovations and industry trends. It functions as a hub for the exchange of ideas and knowledge, facilitating discussions on sustainable practices, digital advancements, and design innovations that are shaping the textile landscape.

A History of Success

Since its inception in 2015, Intex has gone from strength to strength. Through the past 12 editions, it has connected over 50,000 trade buyers from over 35 countries with over 1,850 textile suppliers from 20 countries. This remarkable track record underscores the event's continued growth and its vital role in facilitating international trade relations.

Intex India 2023: An Immersive Experience

Intex India 2023 transcends being a mere exhibition. It offers an immersive experience for professionals, with special forums that serve as platforms for industry leaders to exchange ideas, knowledge, and insights. These forums include:

  • Intex Textile Conclave (ITC): An inspiration and innovation exchange where the industry's brightest minds come together to share their vision for the future.

  • Intex Investment Forum (IIF): An opportunity to explore the investment potential in India and globally, paving the way for business expansion and collaboration.

  • Interactive Business Forum (IBF): A convergence of ideas and businesses, where industry leaders chart the course for future growth and development.

Value Accretion: Shaping the Future of Textiles

As the industry evolves and transforms, Intex India has emerged as a consistent and indispensable force, contributing significantly to the development and progress of the textile and apparel sector in the region. It is a place where ideas become reality, where connections are forged, and where the textile industry's future is etched. Intex India 2023 is not just an exhibition; it's an experience that will shape the industry's future.

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Declining Textile Demand Impacts Cotton Ecosystem

07 November 2023, Mumbai

A report by Seshadri Ramkumar, Professor at Texas Tech University, USA, highlights the impact of declining global textile demand on the cotton ecosystem.
Reduced Production and Spinning Margins
India, the second-largest cotton producer, is projected to experience lower output in the upcoming season. Despite reduced cotton prices, spinning margins have dwindled.
Contributors to Demand Slump
Factors contributing to the demand slump include trade imbalances, high power costs in India, and reduced global demand.
Impact on Mill Operations
Unit closures in South India and reduced yarn consumption are consequences of the demand slump.
Industry Experts' Recommendations
Close monitoring of global economic trends, demand patterns, and supply dynamics is crucial before making expansion or inventory decisions.
Hope for Revival
A revival of global demand, particularly during the Christmas season, could provide a much-needed boost to the textile industry.

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Garware Technical Fibres Q2 FY24 Results

07 November 2023, Mumbai

Net sales decreased by 8% to Rs. 328.3 Cr in Q2FY24, but profit before tax increased by 12% to Rs. 68.1 Cr.
Net profit after tax increased by 10% to Rs. 52.5 Cr in Q2 FY24.
EPS for Q2 FY24 is at Rs. 25.8, a growth of 11.2% over Q2 FY23.
Nuanced picture
Net sales decreased by 1% to Rs. 654.0 Cr in H1FY24, but profit before tax increased by 28% to Rs. 125.2 Cr.
Net profit after tax increased by 26% to Rs. 95.4 Cr in H1 FY24.
EPS for H1 FY24 is at Rs. 46.84, a growth of 27.1% over H1 FY23.
Management's Comments
H1 FY24 has shown a strong recovery in margins with PBT of 19%, which the company expects to maintain going forward.
The good performance improved product mix and growth in new products in the global aquaculture segment as well as improvement in domestic businesses compared to H1 last year.

Latest Textile Events

Garware Technical Fibres Q2 FY24 Results

Amazon Global Trade looks to boost merchandise exports from India

20 November 2023, Mumbai

Amazon Global Trade, Amazon's new B2C platform, has successfully onboarded over 100,000 small sellers onto its e-commerce platform, aiming to boost merchandise exports from India to reach $20 billion.

Bhupen Wakankar, Director of Global Trade, says a significant number of new entrepreneurs joined the platform this year. The surge in demand for 'Made in India' products, particularly organic health supplements, homeware items such as bath towels and jute rugs, and robotic games for children, has been a driving force behind this expansion.

In the previous year, exporters saw a remarkable 70 percent growth in their business through this platform, benefiting from logistical support and access to a vast customer base of over 200 million Amazon Prime members globally.

Optimistic View

Notably, substantial growth was observed in various categories, including beauty, apparel, home goods, kitchen products, furniture, and toys. Sales were further propelled by key holidays such as Halloween, Thanksgiving, Black Friday, Cyber Monday, Christmas, and New Year, primarily in markets like the United States, Britain, Canada, Australia, and Germany.

In an effort to stimulate exports, Amazon implemented a reduction in subscription fees for its global selling program, lowering the cost from $120 to $1 for the first three months for exporters signing up before March 31.

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INDA Unveils Comprehensive Nonwovens Industry Outlook Report

08 November 2023, Mumbai

The Association of the Nonwoven Fabrics Industry (INDA) has released the twelfth edition of its North American Nonwovens Industry Outlook report, providing detailed demand data from 2017 to 2022 and forecasts to 2027.
This comprehensive report analyzes all nonwoven end-use markets, offering a holistic view of the North American nonwovens industry. Redesigned to support strategic business planning, the report utilizes current market trends and drivers to project market potential in dollar value, units, volume, and square meters.
"This report provides insights into nonwoven demand across short-life and long-life market segments," states INDA President Tony Fragnito. "The intelligence included is crucial for business leaders involved in asset management or operational planning."
Key features of the report include:
Economic and population drivers are contributing to market growth in the U.S., Mexico, and Canada over the next five years.
Disposable, filtration, wipes, medical, and other applications
Long-life durable sectors for transportation, building and construction, furnishings, geo- and agro-textiles, and apparel.

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HK Rita

28 October 2023, Mumbai

Partnerships are Essential for Innovation in a Disruptive World
In a rapidly changing and disruptive world, partnerships are crucial for advancement and innovation.
The industry needs to overcome new challenges and seize new opportunities, and no single organization can do it alone.
Partners for Progress
The forum "Partners for Progress" stresses the importance of collaboration between organizations with diverse skills, resources, and perspectives to create powerful innovations that benefit the industry, society, and the world.
By joining forces, organizations can be more flexible and adaptable to changing market demands while also fostering a culture of innovation and lifelong learning.

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Jeanologia Revolutionizes Denim Design with eDesigner

08 November 2023, Mumbai

Jeanologia, a pioneer in eco-efficient textile technologies, introduces the latest version of its innovative jean-design software, eDesigner. This groundbreaking tool transforms the virtual creation of garments, reducing physical samples by 80% and ensuring flawless replication of production designs.
Enhanced Features for an Intuitive Design Experience
The revamped eDesigner boasts an intuitive interface, enhanced hyperrealism, and access to Jeanologia's design expertise. The software incorporates the "Trace" tool, which utilizes AI to generate hyper-realistic designs, and the Lightbrary, a comprehensive gallery of inspiring designs.
Digitization at its Finest: Minimizing Samples and Environmental Impact
eDesigner elevates digitization to new heights by enabling the digital creation of patterns and garments, significantly reducing the need for physical samples. This innovation not only conserves resources but also minimizes the carbon footprint associated with sample production.
Streamlined Design Validation and Accelerated Production
eDesigner serves as a fluid communication channel, connecting designers, wash developers, brands, and manufacturers. This streamlines the design validation process and accelerates production, ensuring efficiency, reduced time-to-market, and enhanced sustainability.

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Textile Sourcing Meet

24 October 2023, Mumbai

Jaipur's Premier Buyer-Seller Meet brought together a high percentage of decision-makers from across the textile industry, including industry leaders, fashion buyers, garment exporters and manufacturers, material suppliers, tech solutions providers, and senior consultants.
This powerful blend of stakeholders on a single platform fostered speed, trust, validation, and increased business confidence.

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