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To expand their market in Japan, the domestic apparel industry needs to capitalise on the free trade agreement (FTA) between the two countries, states Apparel Export Promotion Council (AEPC). The Council leads a delegation featuring over 2,000 exhibitors at the India Tex Trend Fair (ITTF) in Tokyo from July 23-25, 2024.
The fair features prominent Indian exhibitors from across the country displaying a diverse range of readymade garments (RMG) across various categories, including summer and winter collections, notes SudhirSekhri, Chairman, AEPC. Japanese brands, including Sumitomo Corporation, MUJI, Toyoshima, Marubeni, Mitsubishi, Koyo Trading, United Arrows, and MYK Fashion will also participate in the trade fair.
With Indian apparel having duty-free access to Japan under the Indo-Japan trade agreement, compared to a 9 per cent duty for Turkey and 9.5 per cent for China, Indian readymade garment manufacturers and exporters will benefit from participating in this fair, Sekriemphasises
A robust Indian garment industry, with a complete value chain and unique offerings, provides substantial scope for Japanese trading companies to source from India. Additionally, there are stronger opportunities for trade diversion as China's share in this market continues to decline. Known for their flexibility, Indian suppliers can cater to both small, customised orders and large-scale orders, he adds.
Vardhman Textiles has outlined an expansion plan worth Rs 2,000 crore. The plan includes execution of Rs 1,000-crore expansion and modernisation projects for the spinning division.
For this division, Vardhaman Textiles plans to launch new an open-end project to add approximately 35,000 spindles at a project cost of around Rs. 300 crore. The company also plans toreplace 60,000 existing spindles with 77,000 new spindles, resulting in a net addition of 17,000 spindles. These projects will be completed by May 2025.
The company also plans to enhance its fabric manufacturing capacity by undertaking two major initiatives: routine modernisation and debottlenecking, and a new project focused on manmade fiber-based fabrics, with an initial investment of approximately Rs. 300 crore, to be completed by 2025.
Additionally, Vardhman Textiles plans to increase the consumption of the green power. Currently, green energy accounts for only 2.5-3 per cent of the company’s total power usage. It now plans to boost this to 25-30 per cent through significant investments in solar and wind energy. This green power initiative aligns with global sustainability trends and is both commercially viable and environmentally responsible.
The Rs 2,000 crore investment by Vardhman Textiles is driven by several strategic considerations. The ‘China Plus One’ trend, where global brands diversify their supply chains by sourcing from countries other than China, has created a favorable environment for Indian textile companies. Additionally, recent government policy changes, such as the introduction of the RoDTEP scheme, have enhanced the feasibility and competitiveness of using imported cotton in production.
Vardhman Textiles is also making a significant investment in technical textiles manufacturing, starting with an initial capacity of 15 lakh meters per month. The first phase of this project will focus on producing 70-80 per cent polyester and 20-30 per cent nylon textiles for applications such as sportswear, activewear, industrial uses, and defense materials. This strategy move will involve an investment of Rs320-330 crores for its first phase.
Leveraging existing relationships with clients like Columbia and Decathlon, Vardhman aims to diversify its customer base to include new markets and industries. The company is optimistic about the synergies with current customers and potential for expansion, with plans for a second phase contingent on the success of the initial setup.
Pakistan plans to implement a track and trace system (TTS) to prevent tax evasion in the local cotton and ginning industry, announced RanaTanveerHussain, Minister for Industry and Production and National Food Security and Research at a meeting with the Pakistan Cotton Ginners Association (PCGA).
Emphasising the critical role of the industry in the rural economy,Hussain highlighted its potential to generate employment for the skilled and semi-skilled workforce. The meeting also addressed concerns regarding additional taxation on cotton seed in the federal budget for FY2024-25.
Hussain stated, application of the TTS to locally produced cotton bales would help prevent tax evasion and protect both local farming communities and the industrial sector. The government also plans to enforce the Cotton Control Act in collaboration with provincial governments, he added besides assuring the delegation of considering proposals regarding sales tax on seed cotton and cotton seed cake.
Further, the minister pledged to discuss the new taxation measures with the Finance Division and Federal Board of Revenue to address the challenges faced by the local ginning industry. During the meeting representatives from the Cotton Ginners Association called for the rationalisation of taxes to benefit the local industrial sector and promote cotton crop output.
The delegation noted, having produced over 8.4 million cotton bales last season, Pakistancould potentially increase this crop output to 20 million bales with supportive policies. Rationalising sales tax will enhance tax compliance and help curb tax evasion in the country, it added.
The apparel industry is undergoing a metamorphosis, driven by a confluence of consumer demands and technological advancements. Products are becoming smarter, greener, and designed for a life on the move.
Transformational trends reshaping apparel
Sustainable fabrics: Consumers are increasingly demanding eco-friendly clothing. In fact, sustainability has become a non-negotiable factor. A Textile Exchange study revealed that the global recycled polyester market is expected to surpass 48 million tons by 2025. Brands are responding with a focus on organic cotton, recycled materials like polyester from plastic bottles, and bio-based fabrics derived from plants or microorganisms. For example, Patagonia, a leading outdoor apparel brand, is renowned for its commitment to sustainability, using recycled materials in a significant portion of its product line. Biotechnology is also making waves. Brands are exploring lab-grown textiles and natural dyes, paving the way for a more sustainable future. For example Mylo uses mushroom leather by Bolt Threads. Then there is algae-based fibers by Algae Apparel to reduce environmental impact. A McKinsey & Company study predicts the bio-based textiles market will reach $40 billion by 2030.
Tech-powered transformation
Big data analytics are playing a pivotal role, allowing brands to glean valuable insights into customer behavior and preferences. This empowers them to design products that resonate with their target audience, like Adidas utilizing data to personalize shoe recommendations. 3D technology is another game-changer. Eco-conscious brands are leveraging 3D modelling software to create garments virtually, minimizing fabric waste during the design process. Automation is gradually creeping into manufacturing, with robots handling tasks like sewing and cutting, leading to increased efficiency and potentially lower production costs. Levi's for example is integrating conductive threads and biosensors into garments, creating a market projected to reach $5.5 billion by 2024 as per Grand View Research. Software like Optitex allows virtual prototyping, minimizing fabric waste and enabling customization. A Smithers Pira report suggests the on-demand apparel market will touch $36 billion by 2025.
Comfort reigns supreme
The rise of athleisure and remote work culture has fuelled demand for comfortable clothing. Fabrics with a focus on breathability, moisture-wicking properties, and stretch are dominating the market. Lululemon's Athleisure dominance is a testament to this trend. Even formal wear is embracing comfort, with brands offering relaxed tailoring and wrinkle-resistant fabrics. In fact, the lines between activewear and everyday wear are blurring. As per Statista the global athleisure market is expected to reach $547 billion by 2024. Also, knits are gaining momentum as knitwear offers superior comfort, flexibility, and breathability, making it ideal for casual and activewear. A report by Textile World reveals the global knitwear market is projected to grow at a CAGR of 4.3 per cent until 2027.
Customization on the rise
Consumers are also opting for clothes that reflect their individuality. On-demand customization, allowing personalization of size, design, or even prints, is gaining traction. Brands like Nike are offering customizable sneakers through their app, catering to this desire for unique pieces.
Fibers adapt and evolve
Fiber innovation is keeping pace with these trends. Natural fibers like merino wool are gaining traction due to their inherent moisture-wicking and odor-resistant properties. Recycled polyester is another popular choice, offering sustainability benefits without compromising on performance. Blended fabrics are also on the rise, combining the strengths of different fibers to create garments with specific functionalities. While wovens still dominate formal wear, knits with advanced engineering are making inroads into casual and athletic apparel due to their comfort and versatility.
For example Cotopaxi, a purpose-driven outdoor apparel brand, uses recycled and Bluesign-approved fabrics in technical gear. This ensures durability, performance, and minimal environmental impact. Their success story exemplifies the growing consumer demand for clothes that are both functional and eco-conscious.
Indeed, the apparel industry is at a tipping point. Technology, sustainability, and comfort are reshaping the way we think about clothes. As these trends continue to evolve, one can expect more innovative and functional garments that cater to our ever-changing needs.
Gold Long John, a leading supplier of performance footwear fabrics, is making a significant move towards sustainability by integrating Empel No-Wick, a cutting-edge waterless and PFAS-free finishing technology, into their Vietnam mill operations. This innovative platform excels at preventing wicking more effectively than any competing chemistry while being entirely water-free and free of PFAS chemicals.
Martin Flora, President of Global Business Development at GTT, highlighted the significance of the partnership, noting that the Oeko Tex-certified Empel platform symbolizes the future of high-performance finishes. This technology eliminates the need for water and harmful chemicals. He pointed out that Gold Long John played a key role in preparing Empel No-Wick for commercial use and is essential for expanding this clean chemistry across Southeast Asia.
Gold Long John, renowned for its leadership in performance footwear fabric production, was the first major mill to adopt and help commercialize Empel. In 2023, they installed Empel production machinery at their Vietnam facility and are now planning to expand to Taiwan. Kevin Wen, President of Gold Long John, highlighted that this move not only positions them at the forefront of global sustainability but also enhances product performance and innovation.
Empel No-Wick proves that cleaner manufacturing processes can deliver superior performance while minimizing environmental impact.
On August 21, 2024, leading German textile companies Bruckner, Groz-Beckert, the Karl Mayer Group, and Thies will host a symposium in Blumenau, Brazil. The event, held at NS Armazem, Fortaleza, will focus on the rising demand for warp knitted elastic fabrics.
The past two to three years have seen a significant surge in demand for these fabrics, presenting both opportunities and challenges for the Brazilian textile industry. While there is potential for growth and market leadership, the production of warp knitted elastic fabrics requires different methods compared to conventional textiles.
To support the Brazilian industry, the symposium titled "Production of Warp Knitted Elastic Fabric" will feature technical presentations, best practices, and showcases of the latest innovations. Industry experts, stakeholders, and visionaries will share their insights and experiences.
The event aims to foster knowledge exchange and enhance cooperation within the industry. Interactive sessions and discussion panels will facilitate networking and collaboration among participants. The symposium will be conducted in Portuguese.
By organizing this event, Bruckner, Groz-Beckert, Karl Mayer, and Thies aim to help Brazilian companies adapt to market trends and capitalize on the growing demand for warp knitted elastic fabrics.
British sportswear and apparel retailer and owner of the brand Sports Direct, Frasers forecasts a profit of £575 million to £625 million in FY25.
During the year ending April 28, 2024, the company’s annual profit rose by 13.1 per cent while its adjusted pretax profit grew to £544.8 million ($708.4 million) as against £478 million reported in the previous year.
The company anticipates this growth will continue in the new financial year as it benefits from a strategy to move the group upmarket.
Controlled by founder Mike Ashley, The FTSE 100-listed Frasers is implementing an ‘elevation strategy’ which includes investments in flagship stores, online operations, and stronger partnerships with brands such as Nike, Adidas, and The North Face.
The retailer’s ‘Elevation Strategy’ strengthens its financial performance, with strategic brand relationships offering a better access to products across the group. The company believes, the strategy will continue to drive growth with significant synergies from both automation program and the integration of acquisitions.
In addition to Sports Direct, Frasers' portfolio includes brands such as House of Fraser, Flannels, USC, and Jack Wills. The group also holds strategic equity stakes in various other retailers, including Hugo Boss, ASOS, Boohoo, Currys, and AO World.
Being held from July 19-25, 2024 at the Sri SatyaNigamagamam, Sri Nagar Colony in Hyderabad, the Silk of India Handloom Expo 2024 showcases India’s artisanal craftsmanship and cultural heritage.
Organised by Bengal Handloom Art Exhibition, the expo was inaugurated by senior Tollywoodactress Raasi, alongside organisersSomnathBowmick and Abhijit. It brings together weavers, designers, and handloom enthusiasts from across the country.
Expressing his excitement over the expoBowmick says, the Silk of India Expo is set to dazzle visitors with an extraordinary display of handwoven textiles and traditional crafts from over 50 master weavers across the region. Visitors can explore a wide array of handloom products, including sarees, scarves, fabrics, home textiles, and more, all crafted by skilled weavers using traditional techniques.
The expo features renowned master weavers from across India, showcasing their exquisite creations such as Banarasisarees, Bhagalpuri silk, Bangalore silk, Chennai silk, Mysore silk, Dharmavaram, Pochampally, Jamdani, linen cotton, tussar, Vishnupuri silk, dress materials, Chanderi, jewelry, etc. This event is a unique platform to celebrate and support the rich traditions of handloom weaving and the artisans who keep these traditions alive.
The alpaca fiber industry is projected to grow at a CAGR of 3.2 per cent from 2022 -32, to reach a value of $ 4.7 billion by 2032. As per an analysis by FMI, this growth will be driven by the increasing global utilisation of the fiber across the automotive industry.
The trend towards sustainable and eco-friendly garments is also expected to booost demand for alpaca fiber products.
Additionally, higher consumer spending capabilities and favorable weather conditions in certain regions will spurr demand for alpaca fiber accessories, propelling market growth.
North America is expected to be the most opportunistic market for alpaca fiber, expanding at a 4 per cent CAGR.
Asia will emerge as a leading region due to the surge in demand for stuffed and plush toys. The growing population and increased consumer spending capabilities are expected to drive demand for soft toys, positively impacting market growth.
The alpaca fiber industry is projected to grow at a CAGR of 3.2 per cent from 2022 -32, to reach a value of $ 4.7 billion by 2032. As per an analysis by FMI, this growth will be driven by the increasing global utilisation of the fiber across the automotive industry.
The trend towards sustainable and eco-friendly garments is also expected to booost demand for alpaca fiber products.
Additionally, higher consumer spending capabilities and favorable weather conditions in certain regions will spurr demand for alpaca fiber accessories, propelling market growth.
North America is expected to be the most opportunistic market for alpaca fiber, expanding at a 4 per cent CAGR.
Asia will emerge as a leading region due to the surge in demand for stuffed and plush toys. The growing population and increased consumer spending capabilities are expected to drive demand for soft toys, positively impacting market growth.
