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The Southern Gujarat Chamber of Commerce and Industry (SGCCI) will host the 'Yarn Expo 2024' from Aug 09-11, 2024, at the Surat International Exhibition and Convention Centre, Sarsana, Surat.
To be hosted in partnership with the Southern Gujarat Chamber Trade and Industries Development Centre, the expo will aim to accelerate the development of the textile industry in Surat besides providing industrialists with the latest technology in yarn production, says Vijay Mewawala, President, SGCCI.
Spanning approximately 116,000 sqft, Yarn Expo 2024 will feature over 80 exhibitors from various cities, including Ahmedabad, Bharuch, Valsad, Vadodara, Silvassa, Mumbai, Bangalore, Chennai, Coimbatore, Erode, Salem, Namakkal, Hooghly, and Kashipur.
Nikhil Madrasi, Vice President, SGCCI, highlights, bringing together yarn manufacturers from across India, this sixth edition of Yarn Expo will showcase a wide range of yarns, including polyester, nylon, viscose, cotton, cationic yarns, and specialty varieties such as antibacterial yarns, imitation silk yarns, granite yarns, and recycled yarns.
The show will be attended by genuine buyers and visitors from numerous states and cities, including Erode, Ichalkaranji, Tirupur, Tamil Nadu, Coimbatore, Haryana, Hyderabad, Panipat, Varanasi, Warangal, Ludhiana, Indore, Amravati, and Bengaluru, notes Ramesh Vaghasia, Immediate Past President of SGCCI.
NiravMandlewala, Honorary Secretary of SGCCI, and MrunalShukla, Honorary Treasurer of SGCCI, add, international buyers from countries like Peru, Thailand, Turkey, Canada, Australia, the US, Germany, Russia, Portugal, Spain, Brazil, UK, Indonesia, Sri Lanka, and the Czech Republic will also attend the show.
The show will also note the presence of weavers, knitters, industry leaders, and entrepreneurs from across the countryalongwith several representatives from South Gujarat's business industry, states BijalJariwala, Chairman -All Exhibitions, SGCCI. Last year, the expo attracted over 20,000 buyers, and this year, more than 25,000 visitors are expected.
GirdhargopalMundra, Chairman, Yarn Expo 2024, emphasises, the exhibition will feature all varieties of yarns, including 100 per cent polyester textured yarn, dope dyed polyester yarn, recycled polyester yarn, slow polyester yarn, blend yarn, cationic yarns, air textured yarns, slub yarns, cotton look polyester yarns, cotton felt polyester yarns, fancy polyester yarns, inherent fire-retardant yarns, and inherent antibacterial yarns.
The Taliban-led Afghan government struck a deal to export 10,000 tons of cotton thread to China, a sign of potential economic progress for the war-torn nation. The Ministry of Commerce facilitated the agreement between Afghan Golden Cotton and Shanghai Khuban Textile, marking a bright spot during National Export Day celebrations in Kabul.
This development comes amidst the Taliban's efforts to woo investors. They've consistently urged local and foreign businesses to invest in Afghanistan. However, the path to economic revival remains arduous. Banking restrictions, high tariffs, and heavy taxes create significant hurdles for the private sector.
Further complicating matters, the Taliban recently appointed Noor Ahmad Agha, a sanctioned individual, as the governor of Afghanistan's Central Bank. This decision raises concerns within the international community, potentially hindering efforts to unlock financial aid crucial for Afghanistan's economic recovery.
While the cotton deal offers a glimmer of hope, Afghanistan's economic future hinges on the Taliban's ability to address investor anxieties and establish a more transparent and accountable business environment.
PureCycle Technologies, in partnership with MiniFibers and Beverly Knits, has achieved a major milestone by producing high-quality textile samples using PureCycle resin derived from post-consumer recycled (PCR) waste.
MiniFibers, a leader in specialty fibers, created fiber packages with PureCycle resin, which were then used by Beverly Knits, a US textile manufacturer. These samples demonstrate that PureCycle resin can match the performance of virgin polypropylene, addressing concerns over quality and contamination that have historically plagued recycled fibers.
PureCycle CEO Dustin Olson highlighted the significance of this trial, noting the challenge of incorporating recycled polypropylene due to contamination issues. PureCycle’s advanced process removes these contaminants at the molecular level, ensuring stronger, high-quality fibers. Olson emphasized that this success opens up opportunities for PureCycle resin in the fiber industry, which consumes about 15 per cent of global virgin polypropylene demand.
Beverly Knits owner Ron Sytz praised the resin's performance, noting it offers a sustainable alternative without compromising quality. Both companies are eager to explore further applications and integrate this technology into various textile markets.
Textile companies are set to report mixed results for the April-June quarter. While spinning firms are expected to benefit from lower cotton prices, leading to improved margins, garment makers will likely face challenges due to subdued domestic demand.
According to Elara Capital, the overall textile industry may see revenue growth of 1.4 per cent year-on-year but a 5.9 per cent quarter-on-quarter decline. However, the brokerage maintains a positive long-term outlook, with Arvind Ltd being its top pick.
Spinning companies are poised to gain from lower cotton procurement costs, translating into better margins. Additionally, increased demand has boosted production volumes. In contrast, garment manufacturers are grappling with muted domestic demand, although export orders have risen due to Western retailers diversifying away from China.
Home textile firms are also expected to see improved margins thanks to favorable raw material costs.
Key players like Arvind Ltd, KPR Mill, and Vardhman Textiles are expected to exhibit varied performances based on their specific segments and market dynamics.
While Arvind Ltd is projected to witness strong garment volume growth, its overall profitability may be impacted by higher costs due to a factory strike. KPR Mill is expected to benefit from increased yarn and garment production, leading to improved margins in the textile segment. Vardhman Textiles is anticipated to see growth in the fabric category but a decline in yarn volume.
The Indian Texpreneurs Federation (ITF) has called on the government to support policy changes to help the country's textile and apparel sector capitalize on the global shift away from China. The sector currently exports $1.5 billion worth of apparel monthly, significantly less than China's $12 billion.
To bridge this gap, the ITF has proposed several strategies, including developing a "ready-to-cut dyed fabric" ecosystem to improve efficiency and cost-competitiveness. The federation also advocates for creating a more integrated manufacturing setup to handle large-scale apparel orders. Additionally, it suggests fostering partnerships with countries specializing in man-made fibers to boost India's market share in the US.
The ITF has submitted a detailed report outlining these recommendations to Union Textile Minister Giriraj Singh, who has expressed support for boosting textile exports and improving cotton yield.
By implementing these measures, India aims to attract a larger share of the global apparel market and create more jobs in the textile sector.
Ludhiana's Federation of Hosiery and Textile Manufacturers Association has issued a stern warning of state-wide protests if the government proceeds with shutting down 33 dyeing units accused of polluting the BuddaNullah. The association claims that without providing alternative facilities, the government's action will cripple the textile industry.
Association president Tarun Jain Bawa criticized the government's Rs 659 crore expenditure on a Sewage Treatment Plant (STP) as a "scam" involving the Punjab Pollution Control Board (PPCB). He alleged corruption and demanded a CBI probe into the mismanagement of funds.
The industry fears severe economic repercussions due to the potential closure of dyeing units, a crucial component of the textile value chain. The association is urging the government to find a solution that protects the environment without devastating the livelihood of thousands.
The Southern Gujarat Chamber of Commerce and Industry (SGCCI) will host the Yarn Expo - 2024 from August 9th to 11th at the Surat International Exhibition and Convention Centre, Sarsana. Covering 116,000 square feet, the event will feature over 80 exhibitors from various cities including Surat, Ahmedabad, Mumbai, and Bangalore.
SGCCI President Vijay Mewawala emphasized that the expo aims to boost Surat's textile industry by introducing the latest yarn production technologies. The sixth edition of the expo will display a wide range of yarns such as polyester, nylon, viscose, cotton, antibacterial, imitation silk, granite, and recycled yarns.
Vice President Nikhil Madrasi highlighted the participation of yarn manufacturers nationwide. The event expects more than 25,000 visitors, including genuine buyers from states like Tamil Nadu, Haryana, and Maharashtra.
Ramesh Vaghasia, Immediate Past President of SGCCI, noted that buyers and visitors from various cities across India, including Erode, Coimbatore, Hyderabad, and Bangalore, are expected to attend the yarn exhibition.
Honorary Secretary NiravMandlewala and Honorary Treasurer Mrunal Shukla noted that international buyers from countries like Peru, Thailand, Canada, Australia, and the USA have also been invited.
BijalJariwala, Chairman of All Exhibitions at SGCCI, mentioned that the expo will facilitate business meetings between manufacturers and buyers. Last year’s expo saw over 20,000 buyers, and this year anticipates an even larger turnout.
GirdhargopalMundra, Chairman of Yarn Expo - 2024, emphasized the showcase of diverse yarn varieties, aiming for significant business growth for exhibitors.
In a report titled ‘Opportunities & Challenges for Indian Textile & Apparel Sector’, the Indian Texpreneurs Federation (ITF) urgesGiriraj Singh Union Textile Minister to provide policy support to the industry to boost exports by capitalising on the opportunities presented by the China Plus One strategy adopted by western buyers.
According to the report presented by PrabhuDhamdodhran, Convenor, ITF, India currently exports apparels worth $1.5 billion every month which is significantly lower than China’s $12 billion. To improve its performance, the sector needs to focus on scale, competitiveness, specialisation, integration, and market diversification, he adds.
To make the SME-based apparel sector more efficient, the government needs to support a ‘ready-to-cut dyed fabric; ecosystem besides developing a semi-integrated and integrated manufacturing ecosystem to fulfill large apparel orders, Dhamodharanadds further. The government also needs to forge knowledge partnerships with MMF-specialised countries and within Indian clusters to increase India’s share in the US manmade fiber (MMF) apparel market from the current 2 per cent.
ITF proposes, the government select five exporters from five major textile clusters and help them diversify into non-traditional markets. Additionally, the industryalso needs to improve cotton yield, the report highlights.
Growing at a CAGR of 7.09 per cent, the global intimate apparel market is projected to reach a value of $49.8 billion by 2028.
As per a report by Technavio, growth in this market is being driven by a rising demand for customisationwith customers, especially women, seekingpersonalised and visually appealing products. This trend aligns with the rise of athleisure, enhancing consumer satisfaction by meeting individual preferences and sizes. However, intense competition due to low entry barriers poses challenges. Major players like Victoria's Secret, Hanesbrands, and Chantelle SA continue to innovate to stay relevant.
Evolving from a necessity to a fashionable category, intimate apparel is expanding its offerings to include versatile innerwear. Sports bras have gained popularity for their comfort, functionality, and fashion appeal. Manufacturers are responding to demand for better performance with innovative fabrics and designs. For instance, Chantelleoffers high-impact sports bras for various activities. Strategic partnerships, especially with yoga apparel specialists, are also on the rise. The market thrives on aesthetic value and fabric behavior, with innovations in yarns and treatment processes. Online sales are growing, especially among women who value convenience. However, counterfeit products remain a challenge, and brick-and-mortar stores provide authenticity and expertise.
The market is competitive, with players like AEO Management, Berkshire Hathaway, Hanesbrands, Jockey International, PVH, and L Brands. New entrants, including e-retailers and start-ups like adoreme.com, intensify competition, leading to price wars. To differentiate, key players are focusing on comfort, fabric quality, price, and variety. Price wars can lead to compromised quality, affecting consumer satisfaction. The market includes various items like undershirts, vests, lingerie, thermals, hosiery, sleep lingerie, bras, and panties for both men and women.
Seasonal swings, retail stocks, and the demand for comfortable, high-quality undergarments among working women are some of the significant challenges being faced by the industry. Comfort remains crucial, with briefs, bras, and boxers leading the segment. Bust-sized bras, medical fabrics, and outer garments add thermal, sensorial, and motion benefits. Men's intimate apparel includes vests, boxer shorts, and briefs. To succeed in this market, manufacturers need to adapt to the changing consumer preferences and seasonal demands.
The summer edition of Texworld Apparel Sourcing Paris featured nearly 1,200 exhibitors from 26 countries. Despite various challenges, the event introduced several new features and maintained a dynamic atmosphere. The next edition is set for February 10-12, 2025, at the partially renovated Paris-Le-Bourget exhibition center, promising a session full of new initiatives.
Attendance and market adaptation
Texworld Apparel Sourcing Paris, incorporating Avantex and Leatherworld sectors, concluded on July 3. Although attendance was down compared to July 2023, the "Olympic Games effect" and economic factors influenced transport and accommodation costs in Paris. Despite these hurdles, the event's organizers are exploring alternatives to adapt to market demands, maintaining a positive business environment.
Exhibitors and visitors reported satisfactory business exchanges. Indian shirt manufacturer Sheraton Apparel secured around thirty solid contacts over three days, including serious approaches from African distributors. Similarly, Turkish company SMIT, specializing in Made in Turkey sourcing, established connections with European customers and new contacts with Canadian and Brazilian buyers.
The Near Sourcing Hub, a phygital sourcing space connected to the B2B digital platform of Messe Frankfurt France partner FourSource, maintained inquiries at similar levels to 2023. Visitors, primarily buyers from small multi-specialist boutiques, sought original mid-to-top-range offerings. In response to market demand for differentiation, the organizers extended Apparel Sourcing’s range to include new categories such as jewelry and bags.
Innovative showcases
This summer's edition featured several high-profile initiatives. The yarn pavilion, a collaboration with Yarn Expo from Shanghai, highlighted expertise from Chinese, Indian, Pakistani, and Taiwanese companies, focusing on upstream products and services. Avantex grouped twenty suppliers offering sustainable fashion solutions, with the new Designer Hub showcasing original initiatives.
One notable initiative was stylist Jean-Luc François' association, supported by Messe Frankfurt’s Texpertise network, which trains individuals distant from employment. Additionally, the 3D design studio Scotomalab impressed fashion designer Katherine Pradeau with its fusion of 3D and AI technologies in traditional skills.
Materra, a British start-up founded in 2019, won the 2024 Avantex Fashion Pitch award. The company designs solutions for climate-adapted cotton cultivation and offers a Cotton-As-A-Service model to brands. Materra's award includes a €2,800 stand at Avantex Paris 2025, €2,000 from the Texpertise Network, and a year’s incubation at Foundry donated by IFA Paris.
The Leatherworld sector introduced the Leather Trend area, developed with Edizioni AF and the Arsutoria School design centre. This space showcased autumn-winter 25-26 trends through four creative axes: simplicity, nature, dynamism (sportswear collections), and romanticism. Additionally, Ecotan’s new leather tanning technology, avoiding metals and chemicals using vegetable tannins, was highlighted.
Focus on sustainability: Econogy tour
This year's trade fairs emphasized TexpertiseEconogy, combining ecology and economic development. The Econogy Finder identified suppliers of sustainably produced textiles, marked with Econogy symbols after CSR verification. Econogy Talks featured conferences on the sustainable economy, and the new Econogy Tour offered guided tours to meet certified companies. Companies like Cradle to Cradle and TUV Rheinland, specializing in CSR certification, and manufacturers like India’s Skosh Commercial, producing organic cotton T-shirts and jerseys, were showcased.
