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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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.

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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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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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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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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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Reliance Brands Limited (RBL) has inked a groundbreaking joint venture agreement with UK-based Superdry PLC, marking a pivotal moment in their long-standing partnership. The deal, executed through RBL's subsidiary in the UK, will see the creation of a joint venture entity, which will acquire Superdry's intellectual property assets for India, Sri Lanka, and Bangladesh. RBUK will hold a majority stake of 76%, with Superdry retaining 24%. The transaction, valued at £40.0 million, will result in Superdry PLC receiving approximately £28.3 million in net cash proceeds.

This strategic move follows RBL's successful introduction of Superdry to the Indian market through a franchise agreement in 2012. With an eye on India's burgeoning affluence and evolving consumer habits, the joint venture aims to facilitate Superdry's expansion across the region. Superdry, renowned for its fusion of British, American, and Japanese styles, has garnered a devoted following among fashionable Indian youth, boasting 200 points of sale in 50 cities and a robust e-commerce presence spanning over 2,300 cities.

Superdry's diverse offerings, including outerwear, T-shirts, and accessories, have resonated with Indian consumers. The brand's adaptability to local preferences, such as introducing swimwear and fragrances, has contributed to its success. Additionally, its foray into sports and activewear under 'Superdry Sport' has expanded its portfolio. Bollywood actor Kartik Aryan's association with the brand as a brand ambassador since 2022 has further propelled its popularity.

Both companies are optimistic about the partnership's potential. Reliance Brands anticipates a fruitful era of collaboration, while Superdry sees India as a promising market for future growth. This agreement heralds a new phase in their alliance, allowing for enhanced collaboration, innovative product offerings, cost efficiency, and sustained brand development.

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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04 October 2023, Mumbai

The 13th Annual General Meeting (AGM) of the Indian Technical Textile Association (ITTA) was held on September 25, 2023, at the Orchid Hotel in Mumbai.

The meeting was chaired by Amit Agarwal, and S. P. Verma, Addl. Textile Commissioner & Secretary- Textile Committee, Ministry of Textiles (MoT), Government of India, graced the occasion as the Chief Guest.

Address

In his address, Verma praised the technical textile industry's potential for growth and innovation and acknowledged ITTA's role in facilitating industry dialogue and fostering R&D partnerships to tackle industry issues.

He urged the industry to invest in technical textiles and pursue new R&D projects under the National Technical Textile Mission (NTTM), assuring full backing from the textile ministry. He also emphasized the need to simplify export procedures for better competitiveness and pointed out opportunities for joint ventures and innovations in the sector.

Felicitation

The event also honored Yogesh Kusumgar, the "Father of Technical Textiles," with the Lifetime Achievement Award in the Technical Textile Industry for his outstanding contributions to the sector.

The AGM also witnessed the formation of a new ITTA Board, with Avinash Misar as Chairman and Shri. Mahesh Kudav as Vice Chairman. Amit Agarwal continues to be an ex-member of the Board, providing guidance along with Dr. Sundararaman K. S.

Policy Intervention

ITTA also appreciated the government schemes such as the Production Linked Incentive (PLI) Scheme for Textiles, PM MITRA Scheme, and NTTM, which are set to stimulate industry growth. Chairman Agarwal requested a two-year extension of the NTTM scheme to effectively utilize allocated funds.

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