15 February 2022, Mumbai:

Aditya Birla Group flagship Grasim Industries on Monday reported a sharp year-on-year jump in its consolidated bottom-line for the December quarter on the back of lower tax expenses during the period and a significant margin improvement in its chemicals business.

The company reported a consolidated profit of Rs 1,746 crore attributable to owners, up 26% year-on-year.

ALSO READ: Arvind Fashions posts Q3 FY22 results

However, consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) declined 4% to Rs 3,985 crore as margins narrowed.

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*Figures mentioned in the above article have been sourced from ET Inveting.com article.

14 February 2022, Mumbai:

Confederation of All India Traders (CAIT) has urged NirmalaSitaramanan, Union Finance Minister, to withdraw the proposed 12 percent GST tax rate on textile which was suspended by the GST Council on December 31 last year for implementation till February.

BC Bhartia, National President, CAIT and Praveen Khandelwal, Secretary-General, said that the proposed hike should be withdrawn in the larger interest of consumers of the country.

According to the trade body, a hike will load an extra burden of a 7 percent tax rate on general consumers and will also hit the traders by blocking their capital with the department in the shape of refunds.

There was no tax on textile and fabrics for a number of years. Bringing the textile Industry back under the tax net itself was a big blow to the entire textile industry, the trade body added.

ALSO READ: The textile industry reiterates its call for the planned GST tax on textiles to be withdrawn

Further, the goods which are lying in stock of the businessmen and sold on MRP the additional burden of 7 percent will be on the businessmen, it said.

The trade body believes that an increase in tax rate will not only hamper the domestic trade it will affect the exports adversely. Already the textile industry is not at a competent status with Countries like Vietnam, Indonesia, Bangladesh, and China.

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11 February 2022, Mumbai:

INDA Announces Timing Changes to Major Events: Moves IDEA® to a Two-Year Cycle and FiltXPO™ to Every 18 months.

“INDA has three key reasons for making this change in event frequency,” said Dave Rousse, INDA President. “First, the nonwovens industry has been a vibrant, innovative sector with new products, processes and materials every year, so providing an opportunity to showcase more frequently these new developments better serves the industry.

Second, one of the major nonwoven events in Asia has declared they will run each and every year, impacting the past three-year cycle of major shows in the nonwovens industry.

Third, coming out of the Covid pandemic, market research predicts for the near future that regional events are expected to be better supported than global events."

FiltXPO™

FiltXPO™, North America’s only exposition and technical conference dedicated exclusively to the filtration and separation industry, will be co-located with IDEA® in Miami Beach this March 29-31 to avoid conflicting with other filtration events that were originally planned in 2021.

FiltXPO™ then returns to an 18-month schedule and will next take place October 10-12, 2023, at Navy Pier, Chicago, Ill.

ALSO READ: Imports of clothes to the United States totaled $81.59 billion in 2021

About INDA

INDA, Association of the Nonwoven Fabrics Industry, serves hundreds of member companies in the nonwovens / engineered fabrics industry doing business globally. Since 1968, INDA networking events have helped members connect, innovate and develop their businesses.

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15 February 2022, Mumbai:

Around 60 central prison inmates will receive one-and-a-half months of skill-based training in the textile sector thanks to a collaboration between the Union Ministry of Textiles (MoT) and Nagpur Central Jail (Maharashtra).

These detainees, which include 20 women, would get a daily stipend of Rs. 300. The effort is part of the 'Samarth' project, which focuses on skill development and support.

According to reports, the Ministry of Transport has also offered support to guarantee that offenders receive loans ranging from Rs. 50,000 to Rs. 10 lakh so that they may start their own manufacturing business after they are freed from jail.

ALSO READ: Shahi Exports, in collaboration with AMHSSC and Haldiram, supports a skill development program in India

Inmates would benefit from the proposed training sessions with specialists from the Ministry of Textiles, which would teach them how to make mats, bed sheets, bed coverings, and other textile-based items.

"We already have a weaving division in jail where a few offenders have been involved in manufacturing," Anup Kumar Kumre, Prison SP, said. Those offenders, as well as others with a strong track record, have been named as candidates.

"He went on to say that weaving skills may enable offenders to earn enough money to support themselves and their families.

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*Figures mentioned in the above article have been sourced from TOI & Apparel Resources article.

12 February 2022, Mumbai:

The production of organic cotton during 2020-21 has been 810934 MT against 335712 MT during 2019-20 and 312876 MT during 2018-19. Hence, the production of organic cotton is not coming down. State-wise detail during the last five years is Annexed.

Department of Agriculture and Farmers Welfare is implementing a cotton development programme under National Food Security Mission (NFSM) in 15 major cotton-growing states with an aim for enhancing production and productivity.

ICAR-Central Institute for Cotton Research, (CICR) is doing research for the development and refinement of Technology for the production of Organic Cotton in the country. The government is also promoting organic farming through a dedicated scheme named Paramparagat Krishi Vikas Yojana (PKVY).

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

ICAR-Central Institute for Cotton Research, (CICR) is doing research for the development and refinement of Technology for the production of Organic Cotton in the country. The government is also promoting organic farming through a dedicated scheme named Paramparagat Krishi Vikas Yojana (PKVY).

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*Figures mentioned in the above article have been sourced from PIB article. 

10 February 2022, Mumbai:

Cellulose Fibre Innovations of the Year: Carbon Fibres from Wood, Carbon-negative Virgin Fibres from Straw and Sustainable Menstruation Panties.

The annual highlight of the industry is the International Conference on Cellulose Fibres in Cologne (www.cellulose-fibres.eu), where the latest innovations were showcased last week: new cellulose fibre technologies for various feedstocks and a wide range of hygiene and textile products as well as alternatives to plastics and carbon fibre for lightweight constructions.

ALSO READ: International Conference on Cellulose Fibres 2022, Hybrid Event - Cologne and Online, 2-3 February 2022

Cellulose fibres show impressive growth and increasingly expanding range of applications, while at the same time markets are driven by technological developments and political framework conditions, especially bans and restrictions on plastics and increasing sustainability requirements. The winners of the innovation award bear witness to the diversity of cellulose applications.

Innovation Award Live at the conference, host nova-Institute and award sponsor GIG Karasek GmbH granted the “Cellulose Fibre Innovation of the Year” award to one of six highly interesting products.

First Winner: Carbon Fibres from Wood – German Institutes of Textile and Fiber Research Denkendorf (Germany)

Second Winner: Fibers365, Truly Carbon-Negative Virgin Fibres from Straw - Fibers365 (Germany)

Third Winner: Sustainable Menstruation Panties: Application-driven Fibre Functionalisation – Kelheim Fibres (Germany)

About the conference

Cellulosic fibres are the fastest growing fibre group in the textile industry and also the largest investment sector in the global bioeconomy.

The challenge now is to achieve a balance between the ongoing capacity expansion and the growing demand, to avoid overcapacity while still meeting rising demand from the major brands.

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14 February 2022, Mumbai:

Citing the recent survey reports of the Quarterly Employment Survey (QES) and EPFO payroll data, Union Labour and Employment Minister Shri Bhupender Yadav today said, employment opportunities are on rise in the country and the government under the leadership of Prime Minister Shri Narendra is committed for the welfare of the workers and labourers in both organized and unorganized sectors.

Speaking at the187th meeting of ESIC in Gurugram this afternoon, he said, health check-up of labourers will be conducted by the ESIC hospitals and factories/MSME clusters will be considered as a unit and ESIC will coordinate with them for the preventive health check-ups of the workers.

ALSO READ: Piyush Goyal addresses IIT Kanpur’s Policy Conclave 2022

The health will be conducted in a total of 15 cities as part of the ongoing pilot project.

Speaking at the187th meeting of ESIC in Gurugram this afternoon, he said, health check-up of labourers will be conducted by the ESIC hospitals and factories/MSME clusters will be considered as a unit and ESIC will coordinate with them for the preventive health check-ups of the workers. The health will be conducted in a total of 15 cities as part of the ongoing pilot project.

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*Figures mentioned in the above article have been sourced from PIB article. 

12 February 2022, Mumbai:

Flocus TM, the trademark for kapok fibers, offers a range of kapok textile materials such as fibers, yarns, textiles, and nonwovens.

The company presents the most performing and zero carbon footprint solutions based on FlocusTM kapok available for the leather goods industry, a sector that is making an important transition to sustainability in terms of processing and raw materials.

As for nonwoven, some of our most used products in the world of leatherware are - Maliwatt - 50% Kapok, 50% PLA (based on corn), a 100% biodegradable non-woven which can be used in the shoe sole.

HDE /Hydroentanglement - 50% Kapok, 50% Organic cotton. It is a 100% natural and biodegradable material that can be used in the shoe production as a sole, intersole or as padding for shoes and bags.

ALSO READ: Showcasing the limitless nonwovens possibilities at Cinte Techtextil China 2022

The offer for the leather goods industry includes also FlocusTM kapok-based fabrics in different blends and weights: linings, coatings, fabric inserts, accessories, components rich in performance and style.

These materials were presented at the September 2021 edition of Lineapelle in the exhibition "A New point of materials", dedicated to eco-responsible innovations in terms of technologies, applications, materials and machines.

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09 February 2022, Mumbai:

FAS Mumbai (Post) forecasts marketing year (MY) 2021/2022 cotton production at 27.4 million 480 lb. bales on an area of 12.1 million hectares. Farmers continue to limit market arrivals due to rising seed cotton prices, increasing input costs for textile value chains.

Post estimates mill consumption at 26.5 million 480 lb. bales based on robust export demand for value-added textiles and prospective orders. Exports of fiber, cotton yarn and cotton products remain steady.

Despite the expectations of local industry, the Government of India maintained its import duty on cotton in its recent budget announcement, but rising domestic prices are prompting mills to procure less expensive cotton supplies through imports.

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14 February 2022, Mumbai:

Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal has said technology can play a very big role in taking prosperity to the remotest corners of India.

Technology, he said, can really help us democratize basic amenities, such as Healthcare through Telemedicine, Education through EdTech.

“For example, why are we making the ONDC, the Open Network for Digital Commerce? The idea is that the small retailers should be protected also. We are OK with the large eCommerce also contributing to the nation’s economy and working their way through.

But should the small retailers be allowed to become extinct like in the Western world, where Mom & Pop stores are almost gone or should we not protect livelihoods,” said Shri Goyal, interacting with students after addressing the Policy Conclave 2022 today, organised by IIT Kanpur.

Goyal said the Prime Minister Shri Narendra Modi, thinking about the welfare of 135 crore citizens, has given us a vision for India @2047, which is called the Amrit Kaal.

“Unless you have ambitious targets, unless you dream big, unless you have significantly large hopes, aspirations, desires, you can never achieve greatness. There was a time when our population was considered a curse, but Prime Minister Modi has converted that entire thinking to talking about our young population as our biggest strength.

Our demographic dividend gives us huge opportunities, opens the doors to a very bright future for the country! And therefore we need a holistic vision which envisions growth in all sectors, makes it easier to do business, promotes innovation, research, development, modernity and yet also respects family values, our culture, makes it easier to live, that we call Ease of Living for every single citizen,” he said earlier during his address.

Goyal said India’s tryst with destiny must not merely remain a wishful rendezvous but must transform into prosperity, progress & development. “And in that journey, IIT-Kanpur and all the IITs will be at the forefront, I have no doubt in that,” he said.

Shri Goyal gave a Five Point Action Plan for IIT students to unleash India’s golden era:

• In all your ventures, make Scale, Quality, & Job Creation the focal point
• Provide innovative solutions for farmers, artisans & weavers, small retailers, etc & help realise the goals of Aatmanirbhar Bharat & Make in India for the World
• Study digital platforms (e.g. Single Window, PM GatiShakti, ONDC) & give ideas to enhance facilities
• Help set the agenda/themes for India’s G20 presidency starting in Dec’22
• Make Seva & Samarpan your guiding philosophy & give back to the nation

ALSO READ: Piyush Goyal appeals NIFT students ''Make India a Showstopper in global fashion"

Goyal said IIT-K is the pride of India and the world from being the 1^st institute in India to offer Computer Science stream to being home to distinguished alumni like Mr. Narayana Murthy (Founder, Infosys), Arvind Krishna (CEO, IBM) & Mukesh Bansal (Founder, Myntra & CEO Cure.fit) to name a few.

Goyal said the Satellite city of Kanpur is rich in history and culture.

“From inspiring Maharishi Valmiki to write ‘The Ramayana’ to creating world class engineers, Kanpur is integral to India’s progress,” he said.

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*Figures mentioned in the above article have been sourced from PIB article. 

11 February 2022, Mumbai:

The Reserve Bank of India (RBI) has maintained the 4.0 percent policy repo rate under the liquidity adjustment facility (LAF).

The LAF's reverse repo rate stays at 3.35 percent, while the marginal standing facility (MSF) rate and the bank rate both remain at 4.25 percent. The Monetary Policy Committee's conclusions were released by RBI Governor Shaktikanta Das (MPC).

The decision of the RBI has been hailed by representatives of the garment sector. It was the MPC's first policy meeting after the Union Budget of 2022.

Raja M. Shanmugham, President, Tirupur Exporters' Association (TEA), has asked to RBI Governor to prolong the Interest Equalization Scheme (IES) with retrospective effect from 1 October 2021 for the benefit of MSMEs, thanking the MPC for holding the policy rate at the current level.

ALSO READ  Piyush Goyal: Union Budget 2022-23 is a directional budget envisaged to make 'India Future Ready'

He went on to say that the Tirupur knitwear cluster urgently needs to improve its competitiveness and stay in business.

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*Figures mentioned in the above article have been sourced from Apparel Resources article. 

09 February 2022, Mumbai:

During the 50^th anniversary of the Frankfurt edition in January 2020, it was announced that Messe Frankfurt and Inexmoda will launch Heimtextil Colombia, a new trade show for the Americas that will take place in the city of Medellin, Colombia, South America. Messe Frankfurt, owner of Heimtextil has licensed the event to Inexmoda, the Latin American Fashion institute creator of the most successful textile and fashion trade shows for this market.

Heimtextil is the industry's most important global event for interior textiles, interior design and interior trends, and the biggest international trade fair for home and contract textiles held in Frankfurt, Germany.

With its new products and trends, it kicks off the upcoming season and gives important impulses to both exhibiting companies as professional visitors and decision-makers from all over the world.

Heimtextil Colombia facts

The show will open its doors from the 26^th through the 28^th of April 2022, showcasing trends and innovations for the most attractive categories in the Americas such as smart bedding, bath fashion, carpets and rugs, wall decoration, decorative fabrics, contract textiles and the hospitality business.

The show is expected to receive 110 exhibitors from countries such as Portugal, Spain, Colombia, Italy, Turkey, India.

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