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The readymade garment (RMG) sector will soon be regulated by the Directorate of Textiles, under a new law aimed at streamlining Bangladesh’s main export-earner. The Textile Industries Establishment Act 2015, which is the new law in the making, will take effect early next year according to officials. The Directorate of Textiles would be under the Ministry of Textiles and Jute as an effective ‘sponsoring authority’ for the apparel industry as per the draft law proposed, said the officials. This means that the control of all major activities, including registration, permission for import, utilisation declaration (UD), and even import of capital machinery would be under the authority of the directorate. None can establish and run textile and garment factories without registration from the Directorate of Textiles, according to legal provisions.
All new establishments, (textiles and garments) would have to register under the Act and all the existing factories would have to come under registration with the directorate within six months, after the enactment of the law. Besides, the directorate will enjoy the authority to suspend or cancel registration of any industry if it finds proper reason to do so after carrying out investigation, according to the proposed law.
However, the implementation of the law may take some more time said officials concerned as they are yet to sit with major stakeholders, including Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), though the draft of the law has already been sent to the stakeholders.
Revealing the details of a pact aimed at freeing up commerce in 40 per cent of the world's economy but criticised for its opacity, recently, the much awaited text of a landmark US-backed Pacific trade deal was released. The Trans-Pacific Partnership (TPP) will be a legacy-defining achievement for US President Barack Obama and his administration’s pivot to Asia, if the pact is ratified, which aims at countering China’s rising economic and political influence.
A proposed 16-nation free-trade area including India that would be the world’s biggest such bloc, encompassing 3.4 billion people, which is China’s own Regional Comprehensive Economic Partnership (RCEP), is the country’s response to the pact.
Transparency advocates concerned over its broad implications were angered as TPP was largely kept away from public scrutiny. The pact will set common standards on issues ranging from workers' rights to intellectual property protection in 12 Pacific nations. Many of Obama's fellow Democrats including presidential candidate Hillary Clinton, who backed the developing trade pact when she was Secretary of State during Obama’s first term, and labour unions have opposed the TPP. Some US lawmakers demanded measures to punish currency manipulation with trade sanctions or set monopoly periods for next-generation biologic drugs at 12 years, which is not included in the pact.
In factory and export economies in Malaysia and Vietnam, the TPP would be a boon. In the Vietnamese manufacturing, anticipated tariff perks are already luring record foreign investment. An increase in demand for their key exports, from palm oil and rubber to electronics, seafood and textiles, foreseen by both the countries. Asia’s major developing economies, including the Philippines and Indonesia that have recently expressed interest in signing to the pact could be pressurised because of this.
Cotton imports in Bangladesh are likely to rise by 4 per cent in the current fiscal year. Bangladesh has become the largest buyer of cotton from India, the world’s largest cotton producer. Cotton imports by Asian countries like Bangladesh, Vietnam and Indonesia are expected to go up in 2015-16. Imports by Asian countries represent 60 per cent of world imports.
But imports by China are expected to go down further. Chinese imports are projected to fall by 24 per cent from 2014-15. Although China will likely remain the world's largest importer in 2015-16, its share of world imports has fallen from 55 per cent in 2011-12 to 22 per cent in 2014-15 and may only reach 17 per cent in 2015-16.
China, the biggest consumer of cotton in the world, has gradually decreased its cotton imports from India. Although production in the United States is projected to dip 11 per cent and exports to decline 9 per cent it will likely remain the world’s largest exporter.
India, the world’s second largest exporter, could see a small recovery in 2015-16, with exports forecast to increase 15 per cent. After declining in 2013-14, imports by Indonesia increased 13 per cent. World production is forecast to drop nine per cent.
ITEMA weaving machines have a mechanically heavy structure, which makes them sturdy and ideally suited for a variety of textiles. The Italian weaving machinery major, with its tradition of almost 200 years and an installed base of over three lakh weaving machines in operation, has made significant inroads into the Indian market in recent times.
The technology in the motor is such that it draws only the energy that is required. There is absolutely no waste of energy. These machines help in quicker production cycles and require less manpower. It is not only about an increase in productivity but an increase in value addition. With other machines the production of a thread count of 400 will cost around Rs 150, but with an ITEMA machine a thread count of 1000 costs only around Rs 400. These machines work with ease with higher thread counts, CVC fabrics or technical textiles. Indian-made yarn is compatible with ITEMA machines.
ITEMA offers the entire package including all the necessary accessories, such as beams, drop wires, frames etc, along with the weaving machines. This single point contact enables quicker resolution of technical issues. The machines are user-friendly and after only a few hours of training an operator can get well versed with their running. There are no pollution issues involved.
https://www.itemagroup.com/
Kingpins New York was held on November 3 and 4. Performance fabrics and retro-looking á la 1970s and ’80s dominated this edition of denim showcase. Over 60 exhibitors, mostly fabric mills from all over the world showed their offerings for the Spring 2017 season. Traffic was lighter than in previous editions.
Kingpins also featured seminars, which discussed new opportunities in knit denim, spring/summer 2016 catwalk trends, a look at spring/summer 2017 surface designs and a discussion about what the phrase premium denim actually means today. US-based Cone Denim hawked its new natural indigo fabrics, which are made from indigo plants but do not incorporate locally grown or organic cotton.
Blue Farm from China exhibited outerwear-appropriate denims that included coated nylon blends meant for bomber jackets as well as indigo in non-traditional forms such as shirting fabrics that were rich in texture or downright sheer. Blends and stretch fabrics were on offer by Spanish mill Royo, which has produced a bi stretch denim and a linen cotton women’s blend.
Cotton Inc, the organization devoted to the promotion of cotton fibers, showcased fabrics with interesting tonal textures produced by lasers. Its onsite trend expert also predicted an upswing of ’70s blue-tone denim, chalky and matte coatings and either pristine or imperfect foil-coated fabrics for spring 2017.
www.kingpinsshow.com/
World yarn production rose in the second quarter of 2015 quarter-on-quarter. All regions experienced an increase but the strongest growth was in Asia and North America. On an annual basis, global yarn production increased moderately due to positive developments in Asia and North America. Worldwide yarn stocks rose.
Yarn stocks in Asia and South America were up, while European stocks were reduced. Year-on-year, global yarn stocks increased. Yarn orders in Europe rose in the second quarter of 2015 quarter-on-quarter as well as year-on-year.
Global fabric production rose in the second quarter of 2015. World fabric stocks increased quarter-on-quarter. Year-on-year, they also rose with increases in nearly all regions except for North America. Fabric orders in the second quarter decreased moderately in Europe quarter-on-quarter and rose in South America. On an annual basis, European orders rose, while they fell in South America.
Worldwide fabric stocks rose by 4.3 per cent in the second quarter of 2015 versus the first quarter of 2015. Stocks in Asia and South America were increased by 0.3 per cent and 15.7 per cent respectively. Global fabric inventories in the second quarter climbed by 3.7 per cent year-on-year. While fabric stocks were increased by 0.4 per cent in Asia, by four per cent in Europe and by 14 per cent in South America, they were reduced by 0.7 per cent in North America.
For the second quarter Sangam India’s total revenue increased by 8.15 per cent. Sangam India is a leading integrated textile conglomerate in India. Though commodity prices have continued to soften globally over the last couple of months the company has managed to contain its impact on revenues.
Earnings before interest, depreciation and taxation increased by 14.97 per cent. Net profit surged by 56 per cent. Increased integration and a focus on exports helped the company in maintaining realisations, despite falling input prices.
Overall exports saw a sharp jump of 46 per cent year on year and 49 per cent quarter on quarter. Growth was witnessed in all three categories with yarn exports registered a growth of 18 per cent year on year (72 per cent quarter on quarter), denim exports reporting a growth of 1250 per cent year on year (40 per cent quarter on quarter) and PV fabric exports reporting a growth of 15 per cent year on year (29 per cent quarter on quarter).
Sangam’s strategy is to increase the exports of value added products in lieu of lower margin yarn exports. Going forward its focus will be on increased integration and higher exports, enabling further margin improvement.
www.sangamgroup.com/
Geratex Machinery from India will be launching a first-of-its-kind, innovative and sustainable fabric processing machine to process all kinds of fabrics, whether mercerising, bleaching, desizing or washing at ITMA 2015.
Using ultrasonic technology on industrial size washing machines, the Geratex fabric washer offers higher efficiency in terms of space, energy usage and also chemicals and water consumption. The ultrasonic technology can even be fitted into existing fabric processing machines to achieve comprehensive savings.
As per actual production trials, the machine helps save around 20-30 per cent of chemicals, delivers 25-35 per cent water savings and 30-35 per cent in energy savings with the biggest advantage accruing from its compact size that occupies low space. The ultrasonic waves accelerate the water molecules, which move at a very high speed, almost several thousand times in a second, thereby creating a turbulent effect in the machine and achieving the whole process in half the time taken by existing technologies.
While desising, the ultrasonic washing technology completely does away with wetting agents and the amount of chemicals used is reduced by 30 per cent, due to which volume of water consumed is also lessened considerably. On the Tegewa scale of 1-10, a measurement tool to calculate the efficiency of washing, the conventional technology scores between 4 and 6 points after desise washing, while the Ultra Sonic technology achieves between 7 and 8 points. For the bleaching process to, this innovative technology consumes 30 per cent less chemicals and delivers the desired bleaching effect in 50 per cent of time as against conventional machines. Results are equally good for post-dyeing washing too.
In case of mercerising of fabrics, while conventional technologies consume 300-320 gms per litres of caustic soda, the Ultra Sonic technology uses just 200-220 grams per litres, while delivering equivalent results.
Despite, being a new technology, cost of installing the technology is lower compared with conventional fabric washers as the cost of the new technology is 40 per cent less.
http://www.geratex-india.com/index.html
Intex South Asia will be held in Sri Lanka on November 16 and 17. A networking platform, Intex brings together suppliers and buyers from across South Asia and other parts of the world to Sri Lanka. This is positioned as the only international sourcing show in south Asia. It aims to ensure that genuine buyers from around the world meet with quality suppliers.
It will showcase cutting edge contemporary yarns, apparel fabrics, denim fabrics and clothing accessories from Sri Lanka, India, Pakistan, Bangladesh, China, Hong Kong, Taiwan, Singapore, Indonesia and Korea. Intex South Asia has created dedicated zones and special group pavilions. These include pavilions of yarns and fabrics from India, an accessories zone, a zone for denim fabrics and a trends zone showcasing designs and forecasts for spring-summer 2016.
A wide range of exhibitors are expected at Intex from across the apparel supply chain from yarn, fabrics to accessories and services. Intex South Asia 2015 will create the ideal setting to make Sri Lanka the central location in South Asia and surrounding regions for buyers and suppliers to connect, source, trade and expand.
While western economies are slowing down, economies of South Asia are among the fastest growing in the world. Industry and business is coming to this region.
www.intexfair.com/
The fourth edition of trade fair for micro, small and medium enterprises will be held in Orissa, January 8 to 14, 2016. This will focus on sectors like tourism, textiles, handloom, handicraft agro-industries, food processing, marine products and renewable energy as the state has potential and strength in these sectors.
There will be a separate hall for start-ups, innovators and incubation centers. Companies producing pre-fabricated building and construction materials will also be provided stalls at the exhibition. Apart from proving a platform for micro, small and medium producers, the exhibition will invite business delegations from other countries through their embassies in India and introduce them to Orissa’s products.
Attempts will also be made to attract overseas entrepreneurs to invest in Orissa in sectors like engineering, chemicals, metallurgical processing, marine processing, agriculture, tourism and textiles.
The popularity of the trade fair has increased over the years. In 2013 the total footfall in the fair was around 1.40 lakhs which increased to 2.67 lakhs in 2014 and further to 2.50 lakhs in 2015. The business in terms of value generated has also constantly increased, from Rs 20 crores in 2013 to Rs 30 crores in 2014 and Rs 80 crores in 2015.
