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Denim expo will be held in Bangladesh from May 11 to 12. The aim is to showcase Bangladesh’s potential in the denim industry globally as well as to share knowledge with international denim producers and buyers. The display aims to not only promote denim trade in Bangladesh but also encourage greater business practices to raise the living standards of people in this country.
About 25 exclusive denim and jeans related manufacturers and enterprises from the US, Spain, Japan, India, Pakistan, Thailand, Turkey, China, San Marino and Bangladesh will take part. Among the visitors are apparel entrepreneurs, businessmen, fashion professionals and stakeholders of the industry from Europe, US and UK. Any surplus fund from the expo will be donated to a seed fund for establishing a denim university in Bangladesh.
Bangladesh is the second largest denim exporter to Europe while it is holding the third largest position in the US market. Around 400 factories export nearly 180 million pieces of denim jeans to the world.
With this expo the country hopes to be a one stop sourcing platform for the denim industry. The vision is to increase Bangladesh’s share in the global denim market to seven billion dollars by 2021.
Bangladesh surpassed China to become the largest exporter of woven garment items to India in 2014. The country's export share of woven garments to Indian market reached 29 per cent compared to that of 26.96 per cent by China. China, however, retained its position as the largest knit product exporter to the Indian market.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) says, Bangladesh exported woven products worth $85.73 million and knit items worth $27.88 million to India in 2014. But India imported woven items worth $80.04 million and knit products worth $93.63 million from China in the last calendar year. Bangladesh's top 10 woven items shipped to India in 2014 included men's suits, jackets and trousers worth $52.40 million while the country fetched $19.20 million by exporting men's shirts to the neighbouring country.
Similarly, top 10 knitwear items exported to India last year included T-shirts, singlets and vests worth $13.47 million while jerseys, pullovers and cardigans fetched $6.89 million. The country's total apparel exports to India stood at $113.61 million, showing a 31.12 per cent growth in 2014 compared to that of 2013, BGMEA data showed. Bangladesh's apparel export to India was only $16.06 million in 2010.
www.bgmea.com.bd
On the basis of garment products being exported to 180 countries and territories in the world, a Vietnam Textile and Apparel Association has claimed that country’s textile industry has been witnessing steady growth over recent years and pushing the country into one of the top textile exporters in the world. The textile and garment industry is one of the largest economic sectors in the country, consisting of 4,000 enterprises with a turnover of $20 billion a year.
The Vietnam Textile and Apparel Association says, Vietnam joined China, India, Turkey and Bangladesh in 2013 to become the world’s top five textile exporter with total textile and garment export value surpassing $22 billion. The export growth continued in 2014 with nearly 16 per cent increase reaching $24.5 billion. Now, Vietnam’s textile and garment industry is aiming at total exports of $28.5 billion in 2015.
Vietnam’s garment exports achieved impressive growth in major markets last year, registering a growth of 17 per cent in Europe, 12.5 per cent in the US, and 9 per cent in Japan. In value terms, Vietnam’s textile and garment sector is expected to double the size of production in next ten years.
The US is the largest market for Vietnam’s textile and garment exports so far, and Vietnam is the second largest textile and garment exporter for the US market behind China. The EU is the second-largest importer of Vietnam’s textile and garment exports.
Though the industry is facing oversupply situation at the moment, Indian spinners are focusing on building capacities expecting pick-up in demand from both the domestic and export markets for cotton yarn. Currently, it has an overall installed capacity of 50 million spindles, to which 10-15 per cent more is expected to be added in the next one year. Of the the yarn spinning capacity of 50 million spindles, about 45 million are functional. Capacity utilization is estimated at 75 per cent, due to oversupply.
In an analysis on the yarn industry, the Center for Monitoring Indian Economy said, “We expect the growth in yarn production to increase in 2015-16 by 4.8 per cent to 4.3 million tonnes.” The capacity addition will majorly take places in the states of Gujarat, Maharashtra and Telangana.
While the industry bodies like Texprocil were asking government to direct Cotton Corporation of India (CCI) to release of almost 50,000 cotton bales a day to bring down shortage in the domestic market, the CCI Chairman BK Mishra has said that the shortage claimed that there is no shortage of cotton bales in the domestic market. “That the market is facing a shortage of cotton is a misnomer. While India is expecting a bumper harvest of 40 million bales in the current year through September, as estimated by the Cotton Advisory Board, exports have crashed due to a slowdown in top buyer China, so there is ample cotton available in the domestic market,” Mishra said. Cotcorp.gov.in
An event that will see participation from over 80 exhibitors and 1,500 visitors, an initiative of the IAAI, Galleria Intima 4.0 now moves to New Delhi. The show will be organszed on a much larger scale showcasing all product categories with focus on OEMs, private label manufacturers and packaging companies. Through this annual gathering, IAAI hopes to realise the potential of these categories of intimate apparel sector and bring about greater collaboration, utilisation of resources and global recognition between these industry stakeholders and partners in the manufacture-supply chain, brands and buyers.
The show had a humble beginning with only about 32 exhibitors in 2012 and expanded to attract over 60 exhibitors that included countries like China, Bangladesh, Thailand, Italy, France, USand Turkey, to name a few at the last edition. Besides a strong showcase by exhibitors, the third edition also witnessed a visitor footfall of about 855 that included about 500 brands from India besides first-time and regular trade visitors and buyers. This year too, Galleria Intima is expecting to see a return of majority of its participants as well as new members.
Planning to highlight the ‘Make in India’ initiative of Prime Minister Narendra Modi, Galleria Intima will provide a platform to network for trade visitors, exhibitors and buyers. In the past, visitors to the fair included intimate apparel brands, manufacturers, buying houses, import/export houses, fashion designers, fashion institutes and other stakeholders of the industry. Besides bringing together brands, manufacturing and supplier community, the two-day show will also include educational workshops and seminars as well as white paper presentations by seasoned industry insiders and professionals from India and abroad.
Another highlight is the facilitation of trade talks and enquiries as well business meetings between visitors and buyers. These pre-planned meetings are highly subject-centric and are aimed at industry associates who are short of time but want to network with the big players of the intimate wear world. The trade show’s list of highlights also includes the showcase of the best in manufacturing and technological skills with innovations and machineries on display.
www.galleriaintima.com
Khyber Pakhtunkhwa chapter of All Pakistan Textile Mills Association (Aptma) has challenged the levy of cess on imported cotton in Peshawar High Court (PHC) through its lawyer Qazi Ghulam Dastgir.
In a petition filed by a few textile mills the Ministry of Textile Industry, Directorate of Cotton Cess Management and Pakistan Central Cotton Committee (PCCC) have been made respondents. The petitioners, have said that they are engaged in manufacturing and value addition of textile, yarns and allied products, having their respective manufacturing units, mills and factories at various industrial areas of Khyber Pakhtunkhwa. They, in order to run their respective units, used cotton as raw material produced locally or imported and in addition to this all the petitioner contended that they are running their units in these adverse situation of security and terrorism, electricity short fall. The petitioners said that under Section 3 of the Cotton Cess Act, 1923, it shall be levied on all cotton exported from Pakistan or consumed in mills in Pakistan and in the said section the scope of Cotton Cess is not included. In addition to this, the petitioners took the ground that as per precedents the Cess is like an excise duty and as per law excise duty could not be charged on imported items, including any raw material.
Rajashree Birla, one of the promoters of the Aditya Birla group has joined the Century Textiles board as a Promoter Director, after Aditya Birla group companies decided to increase their stake in Century Textiles to 50 per cent from 45 per cent after conversion of a preferential offer of shares issued to the promoters in July 2014. The step could be a sign of future announcement regarding the B K Birla group companies, Century Textiles and Kesoram Industries, consolidating operations with Aditya Birla group companies.
The board position fell vacant after Sarala Birla, wife of B K Birla, died last month. Kumar Mangalam Birla, Chairman of the Aditya Birla group, Rajashree Birla's son and B K Birla’s grandson, chairs board meetings at Century Textiles. The Century Textiles stock has shot up 35 per cent since January on merger reports. Century Textiles also announced a net profit of Rs 11 crores in the March 2014 quarter against a loss of Rs 4.9 crore in the same period last year. For 2014-15, the company reported Rs 7,559 crores of revenue and Rs 15 crores profit.
Birla companies Pilani Investments and Kesoram Industries own 36.78 per cent and 2.95 per cent in Century respectively. The total promoter ownership will rise to 50.21 per cent from 40.23 per cent after the conversion. Sources say that the price of conversion will be fixed according to the Securities and Exchange Board of India (Sebi) formula of the 26-week average trading price or two-week average price. At the current six-month average price, Kumar Mangalam Birla will have to pay Rs 600 crores to convert these warrants into equity.
www.centurytextind.com
Spun yarns made from man-made fibres reported a sharp decline in exports both in terms of volume and value. During March, a total of 6.85 million kg of man-made spun yarn were exported, comprising three million kg of polyester yarn, 2.1 million kg of viscose yarn and 1.7 million kg of acrylic yarn. Polyester yarn exports were down 31 per cent in value while viscose yarn export was down 16 per cent during the month. Unit price realisation was down 10 cents for viscose and 27 cents for polyester from a year ago. Acrylic yarn export jumped 12 per cent in volume while unit price realization fell 19 cents to $3.02 per kg.
Viscose yarn reached out to buyers in 25 countries in March with exports valued at $6.46 million and volume at 2.13 million kg, implying average unit price realization of $3.04 per kg. This was 18 cents higher than February and 10 cents lesser than a year ago. Belgium continued to be the single largest importer of viscose yarn followed by Egypt.
Algeria, Indonesia, Mexico, Japan and Thailand were the new markets for viscose yarns in March 2015, together importing yarn worth $0.63 million with volumes at 178,000 kg. Meanwhile 12 other countries did not import any viscose yarns this March. Belgium, Portugal, United Kingdom, Sri Lanka and Bangladesh cut their import from India compared to last year.
Polyester spun yarns were exported to 49 countries in March aggregating $7.08 million with a unit price realisation averaging $2.36 a kg. A total of three million kg was exported, of which, 34 per cent was only to Egypt and US. Nigeria, Argentina, Saudi Arabia, Kenya and Tanzania were the new markets of polyester yarns in March. Blended spun yarn exports aggregated $38.6 million in March with volumes at 13.3 million kg. Egypt was the largest importer of PC yarn from India followed by Bangladesh, amongst the 49 countries that imported PC yarn from India in March. While Ecuador, Vietnam, Lebanon and Peru were the fastest growing markets for PC yarns, Sudan, United Arab Emirates, Djibouti, Honduras and Iran did not import any.
Meanwhile, Pakistan, Mexico, Venezuela, Algeria and Israel significantly cut their imports of PC yarns from India. Among new markets Latvia was the major one in March 2015. Turkey remained the largest importer of Indian PV yarns in March with volumes at 2.65 million kg worth $7.3 million, followed by Iran and Pakistan.
After the Centre announced its decision of withdrawing the marketing incentive scheme, it has made a negative impact on the weavers in Krishna district, since it has led to decline in sale of handloom products resulting in piling of inventories.
The weavers feel decline in sales are driven by the withdrawal of rebate on the products. Handloom products worth nearly Rs 9 crore to Rs 10 crores are piled up in godowns and the 36 cooperative societies operating in the district were said to be holding up stocks worth more than Rs 11 crores up to March 31 this year. With the APCO making some purchases and marginal sales in retail market, the total stocks have now reduced to Rs 9 crore to Rs10 crores.
The Central government discontinued the scheme in 2012-13 fiscal year. Earlier, under the scheme, the Centre used to offer a rebate of 20 per cent on retail sale of handloom cloth to help weavers’ cooperative societies improve sale and get continuous employment to the members. Apart from the impact of scheme withdrawal, even pending dues are adding to the woes of the weavers. The government is yet to disseminate dues for the 2010-11and 2011-12 years under the market incentive scheme, which has touched Rs 1.51 crore.
Islamic Fashion and Design Council (IFDC) is taking various initiatives to promote works of designers in effective ways. The organisation boosts talent from the fashion industry by providing them exposure on a global platform. IDFC is inviting submissions from designers make the most out of this opportunity.
Various steps, IFDC is launching include buyer initiatives, wherein retail buyers from department stores to boutiques have joined hands with IFDC to create growth opportunities for designers. The organisation is also teaming up with high-traffic events and media initiatives worldwide focusing on creating brand awareness and organizing private buyer viewings and select audience. It has been forming marketing collaborations in cities around the world including New York, London, Paris, Milan, Jakarta, Istanbul, Shanghai, and Kuala Lampur to further establish connections between the designers and global fashion industry.
Selected designers’ works would also be promoted through media, social media, and high-end publications. Also iFash and mainstream consumer awareness plans are being launched to provide increased exposure to designers.
Islamicfashiondesigncouncil.org
