FW
Gas supply to zero-rated export industries in Pakistan has been restored.The move has enhanced the confidence of the business community. Erratic gas supply had adversely affected textile production. Continued energy supply is necessary for producing an exportable surplus.
In Pakistan the value-added textile sector is the main engine of growth and so a continued energy supply is the need of the hour. The country’s textile industry has a 57 per cent share in exports and 8.5 per cent share in gross domestic product. The textile sector has the largest share in Pakistan’s exports.
Now the industry wants tax refunds to be released. Blocked refunds cause trouble for textile exporters, making them unable to cater to their export markets. They want pragmatic to be framed in consultation with stakeholders in a bid to reduce the cost of doing business by fixing prices of inputs in line with competing countries in order to create a level playing field.
Countries in the region are rapidly multiplying their exports because of the edge they have in the cost of doing business. While China’s share in global textile exports is 36 per cent, Vietnam contributes 12.4 per cent, and Pakistan seven per cent.
The US has rejected European Union’s proposal to reform the World Trade Organization, dealing a blow to international efforts to bolster the Geneva-based body, which has come under attack from President Donald Trump’s administration. At a WTO General Council meeting held recently, the US didn’t support the EU’s plan to avert the paralysis of the organisation’s appellate body, which mediates trade disputes that affect some of the world’s largest companies.
The move comes after the EU formally deposited blueprints aimed at addressing US concerns that the appellate body has overstepped its mandate. The WTO now enters a precarious year in which it may lose its ability to mediate disputes. The EU recently circulated two proposals that represent the first concrete texts aimed at fundamentally reforming the WTO’s dispute settlement system in a quarter century. The WTO requires consensus to amend the dispute settlement process.
Over the past year, the US has refused to consider any appellate body appointments because the forum’s members have strayed from their original mandate. Absence of reforms, a US block on new appointments will paralyse the forum by the end of 2019 because it won’t have the three panelists required to sign off on rulings.
Better Cotton Initiative (BCI) is well on its way to achieve its goal of having 30 per cent of all cotton grown globally being done so responsibly and sustainably. The initiative aims to increase the use of environmentally friendly practices across its supply chain that reduce water and pesticide use. IT defines “Better Cotton” as cotton grown following seven principles. These include environmental factors: crop protection, water stewardship, soil health, land, and biodiversity, but also, importantly, social factors too, including decent work and management. The ultimate goal, according to BCI, is to allow farmers to produce cotton that measurably better for the environment and farming communities.
Unlike other initiatives, which sometimes focus solely on the consumer end, BCI also understands that increasingly the capacity of farmers to produce Better Cotton is as important as getting brands on board. That is why one of their keys programs is to build capacity with farmers through training and partnerships at the field level. BCI plans to train 5 million farmers worldwide on more sustainable agricultural practices, and hope to hit 1 million tonnes in 2019.
This year’s edition of Irantex, a comprehensive international trade fair for textile machinery and textile products that concluded in Tehran last week, featured a significant number of Italian textile machinery manufacturers. Among them 14 companies exhibited in the Italian Pavilion, the common area set up by the Italian Trade Agency and ACIMIT (the Association of Italian Textile Machinery Manufacturers).
ACIMIT member companies were presenting their latest developments at the Italian Pavilion included: Arioli, Caipo, Cognetex, Fadis, Ferraro, Fk Group, Laip, Lgl, Marzoli, Mesdan, Savio, Sicam, Smit, and Stalam.
Garknit-X is being held in Kolkata from December 14 to 16, 2018. Domestic and international machinery brands are showcasing their products. The is hosting live demonstrations of knitting, sewing, embroidery and printing machines, CAD-CAM, fusing, spreading, laundry and washing, finishing, testing equipment, leather garment machinery, dyeing and processing, fabrics, yarns, dyes and chemicals, accessories and trims.
This is the largest technology exhibition in east India. It brings in cutting edge technologies from all over the world. Since Kolkata is a gateway to this region as well as countries like Bangladesh and Nepal, the fair is very popular among buyers keen to adopt modern technology to boost production.
Among the attendees are eminent professionals, senior corporate executives and industry decision makers. It featured live demonstrations to help participants know about the latest developments and updates from this sector.
The fair is being organised by Vardaan Events in association with Apparel Talk. Kolkata is witnessing an improvement in manufacturing and huge investment in factories. Manufacturers who had left the city due to the labor problem are coming back.
Garknit-X has been spearheading the technological revolution in the eastern region of India. In its 16th edition, the show is the largest ever event organised in the region.
Four-day Milano Moda Uomo will be held from January 11 to 14, 2019. Dedicated to menswear fashion, the calendar features a plethora of catwalks shows, with several new entries from Italy and abroad and new disciples of the co-ed show doctrine.
With 800 showrooms featuring 3,000 labels, this is the industry’s largest trade fair. Milan is at the heart of the fashion week landscape, both as a venue for creative expression and in business terms. The schedule is intense, and the big Italian names in menswear from Versace to Prada, Emporio Armani, Fendi and Pal Zileri will all be there, alongside Marni, Billionaire, MSGM, N°21 and Belgian label Les Hommes.
John Richmond will make a return on the Milanese catwalks. The label, now owned by Neapolitan group Arav Fashion and designed by the eponymous British stylist, will stage a co-ed show. Mioran, the label by Chinese designer Miao Ran, is also back on the calendar.
Daks, Dsquared2, Frankie Morello, Isabel Benenato, M1992, Marcelo Burlon County Of Milan, Miaoran, Neil Barrett, Sartorial Monk, Spyder and Sunnei will all be presenting co-ed shows.
Among this year’s debuts, there are Italian labels Danilo Paura, founded in 2015 by the eponymous designer, and Barbanera, launched in 2011 by Alessandro Pagliacci.
To give international retailers easier access to ISPO Munich, its retail program ‘Altogether to Munich’ will offer sports retailers from Austria, Italy, Poland, Scandinavia, Spain, Switzerland and the UK a comprehensive package for their trade fair trip to Munich. From registration and hotel bookings to arranging appointments and trade fair tours in their own language, the all-round carefree package covers everything the sports retailers need to get a market overview at the world’s leading trade fair for the sports business.
The program is an extension of Club ISPO France, which has been connecting retailers from France with partners and exhibitors for five years now. ISPO Munich is taking place from 3-6 February 2019.
To be held from February 3 to 6, 209, ISPO Munich will bring them together with contacts for brands and distributors, shows them best practice shops on a retail tour of the Bavarian capital and provides a further networking platform through its evening program Furthermore, a country-specific online platform will support the participants for easy appointment and networking in the run-up to the trade fair.
ISPO Digitise, to be held in Hall C6 during ISPO Munich, in February, will inspire sports retailers by digital pioneers and experience the digital retail technology hands on. ISPO Academy will include conferences and seminars as well as online and offline training programs for the sports business all year round.
Turkish denim mill Isko has a production capacity of 300 million meters of fabric a year. The company is a global leader in denim fabric manufacturing. A full-power denim force from the ground up, it includes creative services, mentors, trend researchers, fabric engineers, laundry experts and designers.
Isko had launched jeggings in 2008. This super-stretch denim technology, ideal for skinny jeans that are as soft and lightweight as leggings, provides a second-skin comfort with the look of authentic denim. It also shapes and sculpts the body with its superior elasticity. Over the years, Isko jeggings have grown to include brand-new technical features and holding power capabilities that flatter the silhouette, becoming a true revolutionary denim icon.
All Isko fabrics are manufactured in a responsible way. From traditional denim fabrics to patented technologies, they are created at the most advanced technological level, also using innovative and responsible fibers.
Isko is part of Sanko Tekstil, the textiles division of the Sanko Group. Sanko is one of the largest conglomerates in the world, active in a wide range of sectors from construction and energy, to packaging, financial services, health care and education. It is also a major investor in renewable energy, including hydroelectric and wind power plants.
Apparel Sourcing, Avantex, Leatherworld, Shawls and Scarves will be held in France, February 11 to 14, 2019. Apparel Sourcing will feature some 600 clothing manufacturers from all over the world. From basics to high-end, the offer covers the whole range of ready-to-wear for women, men and children, grouped by knitwear, dressmaking, tailoring, sportswear, evening wear, made-to-measure, lingerie and swimwear, workwear, textile accessories etc.
Avantex is a trade fair dedicated to technological innovation and sustainable development in the fashion industry. It brings together companies from the design phase through to retail, whose approach is to offer effective solutions for encouraging and shaping tomorrow’s fashion.
Leatherworld is dedicated to flexible materials used in particular in certain branches of fashion such as leather goods, footwear, gloves and fur items. The show attracts a growing number of retailers, in addition to buyers of fabrics or manufactured products.
Shawls and Scarves is self-explanatory. It includes headscarves, wraps, capes, ponchos, etc. in every material: cashmere, wool, silk, cotton, linen, bamboo etc., from entry level to very high end, both woven and knits.
These shows have established themselves as an absolute must for anyone involved in designing collections of clothing and accessories: heads of innovation and research, production managers, buyers of fabrics and finished products, designers and consultants.
Inditex is on path to achieve its target to retail 118 million garments across all brands under its Join Life label collection in 2018, which flags best practices in the choice of raw materials and production processes. Inditex broadened its sustainable production as it published another set of stellar trading figures for the first nine months of 2018. They showed that net sales at the business increased by 3 per cent on a year-on-year basis to €18.4bn in first nine months, up 7n per cent in local currencies.
Net sales mark a record for the nine-month period ending October 31. Sales growth was accompanied by gross margin expansion of 60 basis points to 58 per cent. Net profit also hit a new nine-month record, climbing four per cent to €2.4bn. Like-for-like sales in the second half of 2018 to the end of November grew three per cent, following a good start to the season, an extraordinarily warm September and five per cent like-for-like sales growth in October/ November.
