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"At a glittering function of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), held on February 08, 2020 in Mumbai, Smriti Zubin Irani, Union Minister of Women & Child Development and Textiles awarded exporters of synthetic textiles for their outstanding export performance for the year 2018-19."
At a glittering function of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), held on February 08, 2020 in Mumbai, Smriti Zubin Irani, Union Minister of Women & Child Development and Textiles awarded exporters of synthetic textiles for their outstanding export performance for the year 2018-19.
The SRTEPC Special Award for the Best Overall Export Performance (Gold Trophy) was won by Reliance Industries. Grasim Industries won the Silver Trophy for Second Best Overall Export Performance and Wellknown Polyesters received the Bronze Trophy for Third Best Overall Export Performance. RSWM was also awarded a trophy of appreciation in this category.
The other companies who were honoured in various categories included: D'décor Home Fabrics, D'décor Exports., Sutlej Textiles and Industries, SAAM Textiles, Rughani Brothers, Le Merit Exports, Banswara Syntex, Dicitex Furnishings, PNR Industries, Grasim Industries Unit : Indian Rayon, Filatex India, Madura Coats, SKAPS Industries lndia, Pee Vee Textiles, Daman Polythread, Vardhman Textiles, Goyal Knitfab, Kishorilal Shyamsunder, Shriram Rayons, Siddhachal Textile, Reaghan Fashions, Duratex Exports, Atlas Exports (India), Shreekrishna Dyeing & Printing Works and BSL. Certificates of Merit were presented to Tulip Garment Accessories and Vineet Polyfab.
The Hon'ble Union Minister of Women & Child Development and Textiles, Smriti Zubin Irani said that despite
global slowdown and other insurmountable difficulties faced by the textile industry, exports of MMF textiles during 2018-19 was to the tune of US$6.13 billion. Lauding the efforts of the exporters, she said that this was possible due to the concerted efforts of the Council and its member exporters. She also informed that the Council has vision of achieving US$ 7 billion by the end of financial year 2020-21. She remarked that the recognition of the outstanding performance by exporters will motivate the industry to excel in the coming year and spur them to imbibe international best practices.
In his speech, the SRTEPC Chairman Ronak Rughani mentioned about the milestone announcement by the Government made in the recent Budget 2020-21 for setting up of the National Technical Textiles Mission with a four-year implementation period fram 2020-21 to 2023-24 at an estimated outlay of Rs. 1,480 crore. He said that this will be a great lease of life for the MMF textile segment because more than 90 per cent of fibers used in the Technical Textiles segment come from Manmade fibers.
The SRTEPC Chairman said that it’s Council's tradition to recognise the untiring efforts made by our members in export front and celebrate together the outstanding achievements and enterprising skills.
Anil Rajvanshi, Convener of the Export Award Committee and former Chairman, SRTEPC said that the export award function is not just an event but a celebration of the hard work put in by the award winning companies.
Union Minister of Women & Child Development and Textiles released a study report by Gherzi Textil Organisation AG, Zurich on "Promoțing Growth of Man-made Fiber Textile Industry in India - A Roadmap to identify gaps and suggest measures". This report would help in addressing the issues pertaining to both production and export of man-made fiber textiles
Texcare Forum India will be held on 15th February, 2020 at Bombay Exhibition & Convention Centre, Mumbai. The event is organised by Messe Frankfurt India Trade Fairs Pvt Ltd.
The event will focus on the scope of Industry 4.0 - Automization & Digitalization of Laundry & Dry Cleaning and re-thinking Laundry & Dry-Cleaning Business in the Digital Era.
For the textile, hospitality sector media and journalists covering water treatment and recycling technologies, the one-day Texcare Forum India - LaundrexNet summit will also take up discussions on the challenges in water management for industrial laundries/ textile care market and highlight cost-effective, energy efficient and eco-friendly Laundry Water treatment and recycling technologies.
The highlight of the event will be a tête-à-tête with Elgar Straub, Managing Director, VDMA Textile Care, Fabric and Leather Technologies.
The wool market in Australia has shrugged off concerns about the Coronavirus and got down to business working on refilling the pipeline. The market showed considerable strength across virtually every micron group and quality type as buyers from all parts of the globe had a crack. Initially markets such as equities reacted badly but then mostly recovered or even increased such as the Australian stock market which is up around three per cent since the crisis began.
Supply chains in virtually every industry are being stretched, sometimes to breaking point. However, the wool fiber is known for its strength as well as elasticity. Often the wool market leads the way or more likely just recovers quicker. European, Indian and other Asian countries are all operating more or less full steam ahead, and production managers are searching high and low for wool to process.
The most commonly held position at the moment is that no new production will be coming off the combing machinery until March. Essentially this would see no new production of tops or yarn reaching Europe until the end of April which may test the elasticity of the supply chain to the very limit. In the meantime, the greasy wool market is being balanced very well by the growers on the supply side of the equation.
As coronavirus continues to spread, concerns about the outlook of sourcing from China are growing. Many stores including well-known clothing and footwear brands have been closed. Major cities in the country have been locked down, making it impossible for many workers to return to their job. Further, it is hard to predict how long such an unprecedented large-scale lockdown will last. In fact the real impact of the coronavirus is yet to come. For western fashion brands and retailers sourcing from China is always slow in January and early February because of the Chinese New Year. Countries around the world have begun to impose travel restrictions on Chinese travelers.
While last year’s tariff war had pushed Western fashion brands to source less from China, the coronavirus could accelerate companies’ sourcing diversification strategy further. But shifting sourcing orders to other countries does not seem to be a quick solution at this point. China remains the single largest textile and apparel supplier with no alternatives. Other apparel exporting countries especially those in Asia rely heavily on textile raw material such as yarns and fabrics made in China. Many apparel factories in Asia and Africa have management teams from China.
Apparel shipments from China to the US fell 9.1 per cent in 2019. This brought China’s import share of apparel down to 29.68 per cent in value terms for the year compared to 33 per cent in 2018. In volume, China’s apparel import share fell to 39.93 per cent in 2019 from 41.9 per cent the previous year. US imports from Vietnam gained 11.01 per cent in 2019.
This gave Vietnam a 16.18 per cent market share, rising from 14.75 per cent in 2018. Imports from Bangladesh increased 9.83 per cent for the year while India’s shipments rose 6.8 per cent. Imports from Cambodia jumped 11.29 per cent for the year and Pakistan’s shipments increased 7.11 per cent. US apparel imports from Mexico were down 6.49 per cent for the year.
The only other top apparel suppliers that notched a decline in imports were: Indonesia, down 1.68 per cent, and El Salvador, off 2.45 per cent. This came as US’ overall apparel imports fell 0.3 per cent in volume. In value, US apparel imports from the world increased 1.16 per cent.
Among secondary suppliers showing strength in 2019 were Jordan, Egypt, Kenya, Madagascar, Ethiopia, Haiti, Turkey and Myanmar.
Global Language Monitor has named New York as the ‘Top Global Fashion Capital of the Decade’, while Paris takes the 2019 crown – its third in the last 10 years. GLM has been ranking the Top Global Fashion Capitals since 2007.
There is an ongoing battle between Paris and New York for the top spot. Over the decade, New York had an average rank of 1.6, finishing in first or second place every year since 2010. Paris finished second for the decade with an average rank of 2.4. London took third place on the decade's ranking with an average of 2.7, centering upon its spectacular two-year run from 2011 to 2012, coinciding with a highly anticipated Olympics Game and Kate Middleton’s Royal Wedding,
In 2019, Tel Aviv and Tehran also joined the rankings. Tel Aviv ranked 56th, while Tehran took the 57th spot. Tel Aviv, promoted as the ‘non-stop city,’ has a robust, globally renowned, public fashion profile. Tehran, under the leadership of the Islamic state, has a hidden but vibrant fashion scene.
L Brands may sell Victoria’s Secret to Sycamore Partners. Victoria’s Secret is an intimate apparel brand selling bras, pajamas, perfumes and other accessories. For years the retailer has faced criticisms for an out-of-date focus on sexy styles while competitors prioritized comfort. This November, it canceled its once-annual fashion show as viewers increasingly shunned the provocative show.
For the past five years, L Brands has focused on the diversification of its supply chain over the past five years. The company has been in negotiations with Chinese suppliers to take costs out of the production chain to offset the increases. Sycamore has a history of taking bets that its peers eschew. The private equity firm is one of the few to continue to invest in retail. Many of these bets have been accompanied by bold and creative strategies. Sycamore financed its acquisition of beleaguered office retailer Staples in a way that allowed it the flexibility to wind down its retail business while retaining its stronger business-to-business segment. Sycamore has past ties with L Brands’ predecessor, Limited Brands. The firm took a 51 per cent interest in Limited Brands’ sourcing business, Mast Global Fashions, in 2011. The company, now known as MGF Sourcing, has helped Sycamore put together a retail and apparel empire that also includes Talbots and Torrid.
Almost 39 US textile companies were certified by the Global Organic Textile Standard (GOTS) in 2019. Among them were a knitter, four cotton gins, 14 manufacturers and some 20 retailers.
GOTS covers the processing, manufacturing, packaging, labeling, trading and distribution of all textiles made from at least 70 per cent certified organic natural fibers. Products may only be sold with a GOTS label only if the entire supply-chain is certified and the necessary scope and transaction certificates have been obtained to prove certification. An independent on-site inspection is carried out annually by GOTS-approved certifiers.
GOTS has a consumer facing label. This acts as a proof the product is organic and sustainable. It helps the consumer to take a buying decision when at a retail store. When buyers ask for a credible third party certification or GOTS certified products, this will ensure the production is done in an environmentally responsible manner. Plant based dyes are trending. India exports certified products. But certified suppliers now want to sell products in India. Airports sell GOTS labeled T-shirts. Zodiac has got a GOTS certification for their production activities in India. They sell organic certified shirts under the brand Z3.
World Linen Forum held in Paris from February 9 to 10 with over 200 international decision-makers from 15 countries. As per the European Confederation of Flax and Hemp (CELC), the first event met with great success in 2018. Among others, businesses from China, Japan and India were also represented. The event was the occasion to officially acquire ISO Standard 320706-1 certification for the sector. In the works for over seven years, this certification provides brands with a guarantee of the fiber composition in their collections, avoiding any risk of counterfeiting.
Europe accounts for 80 per cent of linen production. Eco-friendly, cultivated without fertilizers and with low-water consumption, this fiber is produced in Europe on a thin strip of land that spans from the Netherlands to north-western France, serving as the main supplier. Despite its 10,000 businesses across 14 countries in the EU, this sector must rely almost exclusively on foreign processors to yield thread and fabric. Creating a dialogue centered on common themes between the sector’s different players is thus strategically essential.
If flax represents only 0.4 per cent of the worldwide textile fibers today, it has many advantages pushing it towards one per cent. Linen Matrix 2019, a publication with a global cartography of the sector, provides informational guidelines and common foundations to guide the linen industry’s ambitious future.
Marks & Spencer, which sells 15 pairs of jeans every minute, plans to launch its first denim-based TV campaign besides doubling its marketing budget for an ad campaign. The brand plans to double on its “killer categories” of denims which also includes knitwear and sleepwear.
This is the third marketing campaign for M&S Denim in less than a year. It is designed to spotlight the progress and strength of M&S’s denim business focusing on style, fit and value.
M&S has reenergised its denim business recently by incorporating new styles and products like the “Harper” cigarette cut jean into the category. One of its new women’s styles, the “Ivy” skinny jean, is already a bestseller, prompting M&S to release a brand-new women’s style for the spring campaign known as “Magic Jeans. These jeans have a slimming effect thanks to high waists with gap-proof waistbands, “flattering tummy technology,” and bi-stretch denim. In fact, skinny jeans are the most popular cut at M&S and almost 300,000 pairs of its Ivy style sold between October and December of 2019 at a price of 19.50 pounds.
Men’s wear is more focused on old-school aesthetics, and M&S is taking on the trend with a Vintage range, selling for 29.50 pounds ($38.34) in three fits: skinny, straight and slim. Skinny styles are also increasingly popular among men with sales of the cut increasing by more than 150 per cent, year-over-year.
