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KVIC Reserve Fund saves Khadi institutions from raw cotton price hike

15 March 2022, Mumbai:

A special reserve fund set up in 2018 to deal with market fluctuations and other eventualities has saved Khadi institutions against the steep price hike of raw cotton, says the Khadi and Village Industries Commission.

Products Price Adjustment Account was set up by KVIC in 2018 for its five Central Sliver Plants (CSPs), to meet market-driven eventualities.

The PPA fund was created by transferring just 50 paise to it from each kilogram of the total sliver/roving sold by these CSPs.

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ALSO READ: House of Khaddar to mordernize Khadi for India’s youth

KVIC has decided not to increase the cost of sliver/roving being supplied to the Khadi institutions by its sliver plants across the country despite the cotton prices surging by over 110 percent.

Instead, KVIC will bear the excess cost of Rs 4.06 crore on procurement of raw cotton bales at the increased rates from the PPA fund, it added.

The price of raw cotton has increased from Rs 36,000 per candy to Rs 78,000 per candy in the last 16 months.

This has put a direct impact on the production of cotton apparel by major textile companies across the country, which have also reduced the production by 30-35 percent in recent months.

 

RELATED ARTICLE TEA, Tiruppur's new machine fosters hope for khadi fabric weavers

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KVIC Reserve Fund saves Khadi institutions from raw cotton price hike

Russia at war: Pushing up the prices of recycled yarn

14 March 2022, Mumbai:

India’s top furnished yarn market Panipat is facing a yarn shortage due to the ongoing Russian-Ukraine war., pushing up the prices of recycled yarn by Rs5-10 per kg, according to market information.

Panipat market is known for recycled cotton and non-cotton yarn, which is used for furnished fabrics. According to traders, it is currently slumping season for the furnishing market.

However, recycled yarn mills were facing an acute crisis of old clothes and woollens from Europe, which is a major supplier for the Panipat market, where mills import old clothes and woollens and turn them into fibre and then use for manufacturing of yarn.

ALSO READ: Despite the high cost of yarn, Indian garment makers choose recycled cotton yarn

A local trader said that the furnishing market will pick up after June and will continue to perform better till Diwali.

In Panipat, 10s recycled yarn (white) was traded at Rs95-100 per kg, 10s recycled yarn (coloured - high quality) at Rs95-100 per kg, 10s recycled yarn (coloured - low quality) at Rs65-70 per kg, and 20s recycled yarn (coloured) at ₹125-140 per kg. 10s optical yarn was traded at Rs100-110 per kg in the market.

 

RELATED ARTICLE 'Doodlage' launches recycled denim

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Russia at war: Pushing up the prices of recycled yarn

India – Canada to consider Interim Agreement or EPTA

11 March 2022, Mumbai:

India and Canada held the fifth Ministerial Dialogue on Trade & Investment (MDTI) here today. Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles, Piyush Goyal and Ms. Mary Ng, Minister of Small Business, Export Promotion and International Trade, Government of Canada co-chaired the MDTI.

The Ministers agreed to formally re-launch the negotiations for India-Canada Comprehensive Economic Partnership Agreement (CEPA) and also consider an Interim Agreement or Early Progress Trade Agreement (EPTA) that could bring early commercial gains to both the countries.

The Ministers highlighted the existing trade complementarities between India and Canada and emphasised that the trade agreement would help in expanding bilateral trade in goods and services through unlocking the potential across sectors.

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The Interim Agreement would include high level commitments in goods, services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, and dispute settlement, and may also cover any other areas mutually agreed upon.

A range of other bilateral trade and investment issues were discussed during the meeting.

Both countries agreed to undertake intensified work with respect to the recognition of Canada’s systems approach to pest risk management in pulses and market access for Indian agriculture goods such as sweet corn, baby corn and banana etc.Canada also agreed to examine expeditiously the request for Conformity Verification Body (CVB) status to APEDA (Agricultural and Processed Food Products Export Development Authority) for facilitating Indian organic export products.

The Ministers acknowledged the significance of establishing resilient supply chains in critical sectors and exchanged views on collaboration in this area.

They emphasised enhancing cooperation in sectors such as pharmaceuticals and critical and rare earth minerals as well as in areas like tourism, urban infrastructure, renewable energy and mining.

They also noted the role of strong people-to-people ties between the two countries, including movement of professionals and skilled workers, students, and business travellers, in strengthening the bilateral economic partnership.

The Ministers agreed to work closely to provide sustained momentum to building linkages and strengthen cooperation across sectors to harness full potential of the trade and investment relationship between India and Canada.

 

RELATED ARTICLE The Ministry of Textiles wants clothing to be included in the India-UK FTA's early harvest programme

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CREDITS: PIB.

India – Canada to consider Interim Agreement or EPTA

CII x Min of Textiles: International Conference on Technical Textiles, 12 March

08 March 2022, Mumbai:

International Conference on Technical Textiles: Creating the Winning Leap in Technical Textiles

Confederation of Indian Industry (CII) in partnership with the Ministry of Textiles, Government of India is organising the International Conference on Technical Textiles with the theme Creating the Winning Leap in Technical Textiles on 12 March 2022 , at Taj Mahal Hotel, Man Singh Road, New Delhi over the hybrid platform.

Piyush Goyal, Hon’ble Minister of Commerce & Industry, Textiles and Consumer Affairs & Food & Public Distribution, Government of India has kindly agreed to address and interact with the industry leaders, experts and participants at the conference.

The conference will focus on Medical Textiles, Geo Textiles, Agro Textiles, Specialty Fibres, Protective Textiles and Sports Textiles, in sync with the National Technical Textiles Mission (NTTM) through parallel sectoral sessions.

ALSO READ Piyush Goyal: Need to develop skills of tomorrow for the industry

The Conference will deliberate on key areas like Market Development, Boosting Demand, Export Promotion, Research, Innovation and Development (RID), and Education, Training, and Skill Development of the Technical Textiles Sector.

The parallel sectoral session of the conference will emphasize the applications, identification of technology gaps that needs to be addressed for the growth of the Indian Technical Textiles sectors through Government-Industry and Academia partnership apart from policy recommendations to the Government of India.

The Conference would bring together industry leaders, experts, key stakeholders, and policymakers from various user Ministries to discuss and deliberate upon the evolving scenario in technical textiles manufacturing in India and also exchange ideas and global views on the future growth and development of the sectors.

 

RELATED ARTICLE Piyush Goyal: Industry has responded well to the multiple Government interventions

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CII x Min of Textiles: International Conference on Technical Textiles, 12 March

53rd IHGF Delhi Fair 2022: CONNECTING THE BEST IN INDIA's HANDICRAFTS

14 March 2022, Mumbai:

Fair Days: 30th March – 3rd April, 2022 Fair Timings : 10.00 AM – 07.00 PM (IST)

Fair Venue: India Expo Center & Mart, Greater Noida, Delhi-NCR

ALSO READ: Spectacular Inauguration of “Textiles Week” including presentation of EPCH’s ‘Handicrafts Exporters Fraternity’ at India Pavilion in Dubai Expo 2020

Representing the integrity, style, and beauty of Indian culture, with a history as ancient, diverse, and rich as the country's history, Indian Handicrafts have been admired the world over for centuries.

Preserved and perfected through generations of artisans, the handicrafts of India are creative expressions in a plethora of diverse raw materials and design influences.

53rd IHGF Delhi Fair 2022 edition presents a comprehensive collection of home, lifestyle, fashion, textiles & furniture products for the season ahead from over 2000+ manufactures & exporters.

To be held at the plush India Expo Centre, Delhi-NCR, India, the IHGF Delhi Fair exhibits over 2000+ new product expressions and more than 300 design developments across 14 product categories. This is a one stop sourcing desitnation for retailers, importers, wholesalers and design professionals.

 

RELATED ARTICLE IHGF, Export Promotion Council for Handicraft (EPCH) registers heavy turnout, business enquiries surge

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CREDITS: IHGF.

 

 

53rd IHGF Delhi Fair 2022: CONNECTING THE BEST IN INDIA's HANDICRAFTS

Lenzing AG: Stephan Sielaff, new CEO

10 March 2022, Mumbai:

Stephan Sielaff appointed as new CEO of Lenzing AG – changes in the Managing Board and the Supervisory Board.

Stephan Sielaff holds a degree in chemical engineering and held various management positions at Unilever and Symrise from 1993 to 2014.

Between 2014 and 2020, he was responsible for the strategic development of the company as a Member of the Board of Directors (COO) at the Swiss specialty chemicals company Archroma – an important supplier of the textile and paper industry.

ALSO READ Lenzing: Supply Chain Solutions Hub Inaugurated in Surat

He was appointed Chief Technology Officer and COO of Lenzing AG as of March 01, 2020. “Stephan Sielaff took up his duties at the beginning of the Corona crisis and has shown outstanding efficiency over the two years.

His strong presence and leadership qualities convinced the Supervisory Board to offer him the role of future CEO.

We are very pleased that he has accepted the offer and that with him someone from within the company will continue to shape the future of Lenzing,” comments Peter Edelmann, Chairman of the Supervisory Board.

 

RELATED ARTICLE Lenzing: Comes up with global lyocell facility

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 Lenzing AG: Stephan Sielaff, new CEO

ICA Bremen: 'Quality Experts 1st Group’ to qualify under the new certification program

11 March 2022, Mumbai:

26 Members from the cotton community become certified as ICA Bremen Quality Experts.

ICA Bremen’s first group of Quality Experts have now been certified under an internationally recognised standard to assist with cotton quality matters. The newly certified experts come from Australia, Brazil, Burkina Faso, China, Germany, Greece, Ivory Coast, Switzerland, Tanzania, Turkey and UK.

ALSO READ: STATEMENT ON END OF GLOBAL COTTON BOYCOTT FROM UZBEKISTAN

The Quality Expert scheme is a service provided by ICA Bremen which has established a global panel of specialists who will help implement an excellent standard of service and advice.

The skills they offer to the community can help provide an outstanding resource for quality arbitrators, as well as advice and information from a certified pool of industry experts.

Southern Region Operations and Technical Manager, ProClass Pty Ltd, Patrick McDonnell said; “I think the Quality Expert Programme is a great opportunity to be part of a global panel that can provide professional assistance in all facets of the quality chain to the industry”.

 

RELATED ARTICLE What Plagues Cotton, Is Shipping Issues!

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 ICA Bremen: 'Quality Experts 1st Group’ to qualify under the new certification program

Birla Cellulose: Lyocell with Nanollose

10 March 2022, Mumbai:

Viscose manufacturer Birla Cellulose has announced the successful completion of a pilot-scale spin cycle of lyocell fibre integrating 20 per cent of Australian innovator Nanollose’s microbial cellulose.

 

ALSO READ: Birla Cellulose bags Golden Peacock Global Award

The pair last year filed for a joint patent, entitled High Tenacity Lyocell Fibres from Bacterial Cellulose and Method of Preparation Thereof, and has spent the past year optimising Nanollose’s ‘tree-free’ Nullarbor fibre for mainstream use.

Producing 250 kilograms during a pilot spin cycle is the culmination of that work, and the collaborators are now expected to turn their attention to producing samples of their ‘sustainable’ alternative for brands to assess.

 

RELATED ARTICLE Birla Cellulose recycling project awarded for addressing textile waste challanges

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CREDITS: ecotextile.com. 

Birla Cellulose: Lyocell with Nanollose

STATEMENT ON END OF GLOBAL COTTON BOYCOTT FROM UZBEKISTAN

11 March 2022, Mumbai:

The Cotton Campaign launched the Uzbek Cotton Pledge in 2009, consolidating efforts from brands, NGOs, and Uzbek civil society activists to put pressure on the Uzbekistan Government to stop using child and forced labor in their cotton harvest.

After a decade of pressure, the Uzbekistan Government launched a reform effort in 2017 to end systemic, state-imposed forced labor. An independent monitoring report by the Uzbek Forum for Human Rights monitoring labor conditions during the 2021 Uzbek cotton harvest found no use of forced labor.

Today in Tashkent, the Cotton Campaign announced the lifting of the global boycott of Uzbekistan cotton.

ALSO READ: What Plagues Cotton, Is Shipping Issues!

The United States Fashion Industry Association is proud to support the Cotton Campaign, and the Cotton Pledge, during this decade-long endeavor to rid the Uzbekistan cotton supply chain of child and forced labor. USFIA, and the brands and retailers we represent, oppose any form of forced labor in the global apparel supply chain.

We applaud the findings from the 2021 cotton harvest that Uzbekistan has achieved the elimination of systemic forced labor from cotton production.

We encourage brands and retailers to take a fresh look at sourcing opportunities in Uzbekistan and to work with the Cotton Campaign to maintain responsible sourcing and robust due diligence in Uzbekistan.

The United States Fashion Industry Association also encourages the Government of Uzbekistan to make further progress in establishing the enabling environment for responsible sourcing—including the registration of NGOs working to monitor cotton harvests—in order to address remaining risks to labor and human rights and to assure brands that they can source from Uzbekistan with confidence.

About the U.S. Fashion Industry Association

The United States Fashion Industry Association (USFIA) represents the fashion industry: textile and apparel brands, retailers, importers, and wholesalers based in the United States and doing business globally.

Founded in 1989 as the United States Association of Importers of Textiles & Apparel with the goal of eliminating the global apparel quota system, USFIA now works to eliminate the tariff and non-tariff barriers that impede the industry’s ability to trade freely and create economic opportunities in the United States and abroad.

 

RELATED ARTICLE Seshadri Ramkumar: Ukraine Crisis Impact on 'Cotton & Textiles'

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STATEMENT ON END OF GLOBAL COTTON BOYCOTT FROM UZBEKISTAN

Home textile exports surged during 2021

10 March 2022, Mumbai:

India’s home textile exports surged to $7.34 billion during 2021 as the country benefitted from a receding pandemic and countries adopted the ‘China Plus One’ strategy.

The US emerged as the top export destination for India with 58 percent of total export value, India recorded revenues worth $2.60 billion from its home textile exports to the EU.

Compared to its Asian counterparts, India’s home textile exports to the US’ surged past Bangladesh’s of $450 million in 2021 and Vietnam’s $ 17.77.

ALSO READ: GHCL Limited's home textile division is being acquired by Indo Count for Rs. 576 crore

India’s linen exports grew 45.83 percent to $2.45 billion in 2021. On the other hand, China’s linen exports declined 17.58 percent to $889.64 million in the four aforementioned categories in 2021 from $1.08 billion in 2019, though it upped shipment by 15.60 percent compared to 2020.

Of all major players in the segment, Welspun Group is moving towards touching $1 billion revenue targets for the first nine months of the current fiscal, the company’s revenues climbed 35.80 percent to approximately $955 million.

It is also expanding its manufacturing footprint, with the capacity increase in towels, bedding, rugs, and carpets in the coming months.

 

RELATED ARTICLE Home textiles segment to see double-digit growth: Crisil

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Home textile exports surged during 2021

India: Cotton yarn prices cool as demand softens

05 March 2022, Mumbai:

Cotton yarn prices in India slipped additional by as much as ₹8 per kg as the market obtained sluggish demand.

According to commerce sources, home demand didn’t help market sentiment as manufacturing actions remained weak in garment models.

Export demand is weak attributable to the uncertainty of geo-political developments after Russia’s assault on Ukraine. Domestic demand for summer season clothes isn’t but seen.

But present demand was less than the expectations. Prices fell as a result of the market being neither supported by home nor export demand. Local demand is anticipated to choose up after mid-March, however, it is going to be brief-lived due to the monetary yr ending.

ALSO READ: TIRUPPUR TRADERS EXPECT COTTON YARN PRICES TO RISE POST FESTIVE SEASON

He mentioned that around 70-80 percent of energy looms are closed quickly as demand from the garment business was very poor. Export demand was additionally low in the market as consumers weren’t able to take any danger.

Traders mentioned that export demand was already weak, and present disaster added to the concerns.

Exporters have been dealing with problems getting containers. Availability of containers diminished as world vessel motion was disrupted after the Russia-Ukraine battle and restrictions imposed by the western powers.

Cotton yarn prices in India slipped additional by as much as ₹8 per kg as the market obtained sluggish demand.

According to commerce sources, home demand didn’t help market sentiment as manufacturing actions remained weak in garment models. Export demand is weak attributable to the uncertainty of geopolitical developments after Russia’s assault on Ukraine.

In the Mumbai market, yarn prices fell by ₹2-8 per kg as demand weakened additional. 60 rely carded cotton yarn of warp and weft varieties have been traded at ₹1,910-1,920 and 1,670-1,720 per 5 kg, respectively.

Carded cotton yarn (44/46 rely) of warp selection was traded at ₹1,700-1,740 per 5 kg. 80 rely carded cotton yarn of weft selection was bought at ₹1,870-1,920 per 4.5 kg.

 

RELATED ARTICLE Space Rocketing Cotton and Cotton Yarn prices – Representations pending for Government action

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CREDITS:usnewscentre.com & Fibre2Fashion.

India: Cotton yarn prices cool as demand softens

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