25 March 2022, Mumbai:

Manoj Patodia, Chairman, The Cotton Textiles Export Promotion Council (TEXPROCIL), urged the government to remove Customs duty on raw cotton and include Made ups in the scheme for duty-free imports of specified items that have been introduced in the Union Budget 2022 for textile garments which will lead to significant growth in exports of Made-ups.

Patodia said, India’s exports of cotton textile products such as made-ups ((including home textiles), fabrics, and yarns reached $13.95 billion from April 2021 to February 2022, surpassing the Government's target of $ 12.50 billion.

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Exports of Cotton textiles have exceeded the target by 102 percent in 11 months itself .

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The extension of the RoSCTL scheme for Made-ups and Garments for three years till March 31, 2024, and covering of the entire value chain of textile products under the RODTEP scheme, helped make the sector make competitive, he added,

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24 March 2022, Mumbai:

After two years, physical fashion shows finally made a comeback, and it surely called for a celebration. So, a grand party was hosted at the Italian Embassy with a fashion show by Rahul Mishra, which marked the beginning of FDCI X Lakmé Fashion Week in Delhi.

Sunil Sethi, Chairman, the Fashion Design Council of India (FDCI), said, “This season’s FDCI X Lakmé Fashion Week is going to have an international appeal through our partnership with the Italian Embassy and designer Rahul Mishra who continues to make strides globally.”

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After two years, physical fashion shows finally made a comeback, and it surely called for a celebration.

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So, a grand party was hosted at the Italian Embassy with a fashion show by Rahul Mishra, which marked the beginning of FDCI X Lakmé Fashion Week in Delhi.

Sunil Sethi, Chairman, Fashion Design Council of India (FDCI), said, “This season’s FDCI X Lakmé Fashion Week is going to have an international appeal through our partnership with the Italian Embassy and designer Rahul Mishra who continues to make strides globally.”

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

17 March 2022, Mumbai:

India's Future Retail reiterated its commitment to take back stores seized by Reliance, stating it was surprised by the move.

India's biggest retailer Reliance, showed up at many of Future’s biggest stores on February 25 this year to assume control, in what was seen as a de facto takeover.

The takeover occurred even though Future's sparring partner, Amazon.com, has introduced legal injunctions prohibiting such store transfers.

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Future Retail says it is committed to taking all action to seek reversal of takeover of the stores by Reliance.

The company claimed it was surprised by the drastic and unilateral action taken by Reliance.

RELATED NEWS Reliance issues sub-leased termination notices to Future Retail stores

Reliance Industries is in the process of transferring over 30,000 Future Retail and Future Lifestyle employees and has also taken over 200 Future Group stores that are now being re-branded as Reliance stores.

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25 March 2022, Mumbai:

With India achieving $ 400 billion merchandise exports, Narendra Goenka, Chairman, Apparel Export Promotion Council (AEPC) hopes, India will become the world’s garment factory in next three years.

Launch of new schemes like RoSCTL, PLI and PM-MITRA will increase the production, employment and export capacity of one of the largest employing sectors with maximum women workforce, he adds.

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Goenka credited the various government incentives for boosting manufacturing across sectors and the policy of Made in India for the world.

RELATED NEWS Prime Minister Narendra Modi's 4 points strategic pathway aiming at $400Bn exports in FY22

Indian readymade garments (RMG) exports have strengthened the country’s position in traditional export destinations of the US, UAE, UK and France in 2021-22, he highlighted

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24 March 2022, Mumbai:

The Minister of Commerce and Industry, Consumer Affairs, Food, and Public Distribution and Textiles, Piyush Goyal has said that the state of Bihar has huge potential under the One District-One Product (ODOP) programme to contribute to India’s rising exports.

Stating that the State’s GDP is rising rapidly, he said Bihar has made rapid strides in Health and Education sectors.

“You have identified products for exports in each district, be it Bhagalpur silk, pharmaceuticals from Sivan, bamboo products from Samastipur or the ‘Shahi Litchi’ of Muzaffarpur, all of these products are famous worldwide,” said Shri Goyal, addressing the Bihar Utsav celebrations at the Dilli Haat last night to mark the Bihar Diwas, the 110th year of establishment of the State.

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Stating that Bihar is a land of immense opportunities, Shri Goyal said the Cooperative sector should be strengthened and the Farmer Producer Organizations (FPOs) empowered to boost production.

He hoped that with the implementation of the New Education Policy, the youth will be imparted Vocational Training to contribute to the development of the state.

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“In recent times, an entrepreneur from the state, Praveen Chauhan, has extracted natural dyes from the flowers of Bodhgaya temple.

Today, his dyes are being used in fashion textiles even as far as in Japan,” he said. Shri Goyal said the Prime Minister Shri Narendra Modi has gone a step ahead from the ‘Look East policy to ‘Act East policy, which includes Bihar, neighbouring Jharkhand, and West Bengal besides the eight states of the North-Eastern Region.

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

17 March 2022, Mumbai:

According to the latest import and export data, the total exports of Indian cotton yarn (HS code 5205) was 110,800tons in January 2022, up 34.77% year-on-year but down 9.77% month-on-month.

Bangladesh remained the largest export market for Indian cotton yarn, while China was overtaken by Turkey and reached the second-largest export market for the first time since April 2021.

Indian cotton yarn exports to China in Jan were 6944tons, down 68.1% from a year earlier and 42.1% from a month earlier.

ALSO READ: Andhra Pradesh (AP) Cotton farmers face hardship as CCI yet to enter market ensuring Minimum Support Price (MSP)

Judging from the proportion of Indian main cotton yarn export market in Jan 2022, China lost the second largest market for Indian cotton yarn and was overtaken by Turkey, accounting for about 6.2% of the Indian cotton yarn export market in Jan 2022, down 4% from Dec 2021.

Bangladesh, with a share of about 45%, remained the largest market for Indian cotton yarn, up 5% from Dec 2021. Turkey, now the second-largest export market for Indian cotton yarn, accounted for 6.3%, down 3% from Dec 2021.

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Portugal, Egypt and Vietnam ranked fourth, fifth and sixth, accounting for about 5%, Peru accounted for 4%, South Korea accounted for 3%, and other countries accounted for less than 3%.

In Jan 2022, Indian cotton yarn exports to China were significantly lower than the same period last year. From the year-on-year changes, Turkey saw the largest year-on-year increase, up 1408.48%.

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

25 March 2022, Mumbai:

E-commerce giant Flipkart said on Thursday it has signed a Memorandum of Understanding (MoU) with MP Industrial Development Corporation (MPIDC) to support small businesses and local artisans under the One District One Product (ODOP) initiative in Madhya Pradesh.

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"To support the ODOP programme of the Government of Madhya Pradesh, the partnership under Flipkart's Samarth initiative will enhance rural livelihoods allowing local businesses, craftsmen, artisans and weavers to offer their products to millions of customers," Flipkart said in a statement.

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John Kingsly, Export Commissioner and Managing Director of MPIDC, and Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart Group, signed the MoU in presence of Rajvardhan Singh Dattigaon, Minister, Department of Industrial Policy and Investment Promotion, Madhya Pradesh.

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CREDITS: ANI NEWS (The news article has not been edited by DFU Publications staff)

24 March 2022, Mumbai:

The Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, today said that the achievement of USD 400 billion exports was the result of a concerted, collective effort by every sector, every stakeholder in the nation.

Merchandise exports from India have crossed $400 billion in the current financial year, 9 days ahead of schedule.

This is far higher than the previous record of USD 330 billion achieved in 2018-19.

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Hon’ble Prime Minister Narendra Modi has tweeted the following: “India set an ambitious target of $400 Billion of goods exports & achieves this target for the first time ever.

I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success.

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This is a key milestone in our Aatmanirbhar Bharat journey.” The Minister was addressing a Press Conference held to mark the occasion in New Delhi today. Goyal said that the achievement of the lucrative export target showed the world that inspite of facing numerous challenges, with sheer grit, determination, capability and talent, India would surmount all obstacles.

The Minister expressed his gratitude to all the exporters, farmers, weavers, MSMEs, manufacturers, Indian missions abroad and all other stakeholders who he said, were the real heroes behind this achievement.

He thanked the Prime Minister, Narendra Modi for leading from the front and for his relentless focus on exports. It was the clarion call given by the Prime Minister that inspired the industry to make a quantum jump in exports, he said.

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

17 March 2022, Mumbai:

The global pandemic of Covid-19 affected the textile sector initially due to restriction of social gathering. However, the situation has improved in recent months and production and exports have looked up.

The export of textiles and apparel during April-January 2021-22 is USD 34.459 billion, posting a growth of 49% over the same period in 2020-21(USD 23.137 billion).

ALSO READ: 2021,” A Year of Game-Changing Reforms” for Ministry of Textiles (MoT)

In order to overcome the above challenges faced during the pandemic, the government has taken the following major initiatives/ measures in the textile sector to boost exports, production, demand, and job opportunities in the sector on a pan-India basis:

To boost exports in the Man-Made Fibre(MMF) sector, the Government has removed anti-dumping duty on PTA (Purified Terephthalic Acid), Viscose Staple Fibre and Acrylic.

The Government has approved the setting up of Seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with an outlay of Rs. 4,445 crore for a period of seven years up to 2027-28.

RELATED ARTICLE: Cabinet's Big Push Rs 4,445-crore nod under 'PM MITRA Yojana' to set up 7 mega textile parks

In order to overcome the above challenges faced during the pandemic, the government has taken the following major initiatives/ measures in the textile sector to boost exports, production, demand and job opportunities in the sector on a pan-India basis: To boost exports in Man-Made Fibre(MMF) sector, Government has removed anti-dumping duty on PTA (Purified Terephthalic Acid), Viscose Staple Fibre and Acrylic.

The Government has approved the setting up of Seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with an outlay of Rs. 4,445 crore for a period of seven years up to 2027-28.

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

25 March 2022, Mumbai:

The scene is prepared for the 53rd edition of the India Handicraft and Gift Fair (IHGF) - one of the world's largest handicrafts fairs – organized by the Export Promotion Council for Handicrafts (EPCH).

The big event will take place at India Expo Center & Mart in Greater Noida from March 30 to April 3, 2022. The Indian Fashion Jewelry & Accessories Show (IFJAS) will be held concurrently with the 15th edition of the show.

The festival will include home, lifestyle, fashion, textiles, and furniture goods from 2,500+ handicrafts exporters across the nation, according to Raj Kumar Malhotra, Chairman, EPCH.

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This edition will feature 2,000+ new goods and 300+ design expressions across 14 product categories such as houseware, home furnishing, clothes furniture, gifts and decoratives, carpets and rugs, leather bags, and more.

Theme pavilions displaying crafts from the North Eastern Region, Rajasthan, Ladakh, J&K, and Bihar will be among the main draws for the international buying community.

Dr. Rakesh Kumar, DG, EPCH, applauded the Indian government's proposal to abolish foreign travel restrictions beginning March 27, 2022, making it easier for purchasers to travel.

Buyers from more than 90 countries have pre-registered to attend the show. Despite the fact that there are few signs of the COVID 19 virus in India– and particularly in Delhi NCR– EPCH is organizing this fair in accordance with the relevant safety standards and SOPs for organizing B2B trade expositions published by the WHO and the Indian government.

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Thermal scanning at entry, color badge-based entry, mandatory face masks, hand sanitization machines, maintaining physical distancing, respiratory etiquettes, medical facility, isolation center at the venue, Covid enforcement officer, Aarogya Setu app (for domestic visitors), CCTV, and other guidelines have been established by EPCH for exhibitors, buyers, and visitors at the fair venue.

Visitors from key Indian retail and online platforms, including Amazon, Flipkart, Reliance Brands Limited, Fab India, Praxis Home Retail Limited, Aditya Birla Fashion and Retail ltd, Westside, and Future Group, to name a few, will attend the expo. Knowledge sessions with professional teachers from India and outside will also be held throughout the event.

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Throughout the epidemic, the handicrafts sector has maintained manufacture and exports. The sector's continued virtual trade shows, as well as the first post-pandemic physical show – the 52nd IHGF Delhi Fair-Autumn 2021– have been instrumental in the sector achieving estimated exports of Rs. 29,626.96 crore (US $ 3,981.72 million) during eleven months (April-February) of 2021-22, which is significantly higher than exports of Rs. 25,679.98 crore (US $ 3,459.75 million) during April-March 2020-21.

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CREDITS: Apparel Resources.

25 November 2021, Mumbai:

The Association of Italian Textile Machinery Manufacturers (ACIMIT) and the Italian Trade Agency are organizing an Italian Pavilion at the forthcoming Techtextil North America, which will be held in Atlanta from May 17 to 19, 2022. (USA).

During the three-day technology showcase, 17 Italian machinery manufacturers will display machines for technical textiles and their unique solutions, according to ACIMIT.

Among the 17 Italian exhibitors are 4M Plants, Arioli, Computer House, Fadis, Flainox, Guarneri Technology, IMA Spa, Kairos Engineering, MCS Group, Ramina, Siltex, Stalam, Testa, and Willy.

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It's worth noting that the textile sector in the United States generated sales of more than US $ 64 billion in 2020, employing around 300,000 people and operating 15,000 businesses.

ACIMIT's member firms are hoping to capitalize on the strengths of these US enterprises, which specialize in cotton, man-made fibers, and a wide range of yarns and textiles for fashion and industrial applications.

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After China and Turkey, the United States is the third largest market for Italian textile machinery exports. The value of Italian exports to the US market during the January-September 2021 period was € 93 million, up 74% over the same period the previous year.

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CREDITS:Textile World & Apparel Resources.