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India’s textile and apparel exports are expected to grow at a compounded annual growth rate (CAGR) of 9 per cent from 2013 to 2023. While men’s wear contributes 42 per cent to the Indian apparel market, women’s wear contributes 38 per cent and kids’ wear 20 per cent. The Rs 21,160 crore domestic home textiles market is expected to grow at a CAGR of 8 per cent to reach Rs 43,970 crores by 2023.
Though garment and textile exports from India have fallen short of the $45 billion target, the government has set a 14 per cent higher export target for the current fiscal. Garment and textile exports grew just five per cent in the last fiscal.
As new garment industries are coming up in Uttar Pradesh, Bihar and the Northeastern states, millions of jobs are expected to be created within there. The government has also simplified guidelines for setting up textile parks. The global textile and apparel trade is expected to grow at a CAGR of five per cent over the next decade. China dominates global textile and apparel exports with a 40 per cent share of made-ups, 37 per cent of apparel, and 39 per cent of fabric.
India, Bangladesh, Vietnam, Turkey, and Pakistan are the other major textile and apparel exporters. The global fabric trade was worth $137 billion in 2013, while the global apparel trade was worth $428 billion. The US, EU, and Japan remain key apparel importers.
Ahmedabad was known as the denim capital with production of over 400 million metres per annum. Now neighbouring diamond city Surat, is catching up fast with four new denim plants having a capacity of about 100 million metres, developed over the last 18 months. The state would also witness many other textile companies extend or expand their denim facilities over the next few years.
Companies like Ultra Denim, R&B Denims, Anubha Industries and Srirajlakshmi Denim have finalized Surat as their denim production site. Surat is already the country's largest manmade fabric hub meeting over 40 per cent of the fabric demand annually.
While R&B Denims has developed a 20 million metres annual capacity at Palsana in Surat with expansion plans of 30 million sq. mt. in the pipeline, Anubha Industires has 10 million mt. capacity and plans to increase it as well. Rajasthan-based Sri Rajlakshmi Denim has a production capacity at Palsana. Ultra Denim has invested Rs 100 crores to develop a 30 million metres unit near Surat, which is expected to start operations in two months.
To boost industries in the state, the Gujarat government on has signed MoUs with a Chinese enterprise in Beijing attracting investments worth Rs 29,000 crores in the state. The MoUs, inked in Beijing during Chief Minister Anandi Patel's visit to China, would assist state in building the Smart City project and along with RS 10,000 crores for a textile park in Sanand, followed by an industrial park in Gujarat, an official statement said.
England will host ‘Meet the Manufacturer’ conference from June 3 to 4, 2015. This is a trade show to promote UK fashion and textile manufacturing. It will showcase more than 100 manufacturers and suppliers to the UK clothing and textiles industries. Confirmed exhibitors for the trade show include textile technology giants Toray and flatbed knitting machine manufacturer Shima Seiki.
In addition, the conference is hosting a fashion show in partnership with the Leicestershire Textiles Hub, which will aim to drive awareness of the work that the hub is doing to support the Leicestershire region’s textile and leather goods manufacturers.
The conference is organised by campaigning organisation Make it British and will have 24 leading industry figures who will be speaking over two days, trying to motivate bigger brands and retailers who are aiming to re-shore back to the UK, as well as smaller companies looking to launch and build great British brands.
Representatives from Marks & Spencer, Fashion Revolution, and the British Fashion Council are set to speak. There will be presentations from the likes of Simon Colbeck, head of innovation and quality at M&S, Orsola de Castro, co-founder at Fashion Revolution, Caroline Rush of the British Fashion Council, and Becky John, managing director at Who Made Your Pants?.
meetthemanufacturer.co.uk/
The textile industry in Pakistan has welcomed the reduction in interest rates. Mill owners say this is a positive and business-friendly measure which would help industrial productivity, business turnover and exports of the country.
Interest rate has been lowered by 100 basis points from 8 to 7 per cent. The intention is to further lower it to 6.50 per cent. This step would enable the business and industry to obtain essential investment capital at cheaper rates and would also cut down the cost of production in the country.
Representatives of the textile industry say the Pakistani interest rate should eventually be brought down to zero per cent. This would enable industry and business to make investments by obtaining working capital which bears no interest. It would ultimately help investors set up new industries, import the latest machinery, increase productivity and the volume of business and trade turnover. The rate cut would also reduce the inflationary rate in the country, will have a trickle down effect on other sectors of the economy as well which will ultimately provide relief to the common man and the low income sectors of the country. Further, essential food items and daily use items would also be positively influenced and become easily available for the people.
New Zealand, Australia and some European countries have brought down the interest rate drastically.
Garment accessories makers in Bangladesh are demanding cash incentives on exports in the upcoming budget, saying they are contributing to almost all export-oriented sectors. Accessories makers are not under the government’s incentive policy although the garment sector has been enjoying such benefits for a long time. Garment exporters now enjoy five per cent incentive on exports.
Accessories makers in the country have increased their capacities and are able to meet the requirements of garment exporters almost entirely. Previously the demand for such accessories was met through imports. In the plastic sector, accessories makers supply 39 kinds of materials; in the garment sector, they can supply 48 types of products such as poly bags, hangers, plastic clips, buttons, button tags and zippers.
They want the establishment of a packaging and accessories institution for skills development. They have also demanded a loan rescheduling facility, as the country’s exports have been affected by prolonged political unrest at the beginning of the year.
Accessories makers also want the government to maintain the current rate of tax at source at 0.3 per cent for the next five years so that the export-oriented sectors are not affected. They have urged the government to grant a down payment option in loan rescheduling for all export-oriented sectors.
Eight textile industry associations in India are demanding a relaxation of cabotage to help cut costs in transporting cotton from Gujarat to Tamil Nadu. This would help save hundreds of crores of rupees. Almost 50 per cent of the cotton used for textile manufacturing in Tamil Nadu is purchased from Gujarat. And the transit of cotton is done through three modes: rail, road and water.
Transit by seas is difficult because there are not enough Indian containers that carry the goods in the ship. By ship it takes 25 days for the cotton to reach mills, while mills have to pay ginners within 21 days. This forces them to transport cotton by road most often.
According to law, an Indian vessel will be given first preference for transport of goods from one port to another within the country. Only if an Indian vessel is unavailable, will a foreign vessel be allowed to transport the goods after receiving the license from India’s maritime regulator.
If the cabotage laws are relaxed, the industry would save almost Rs 250 a bale. Tamil Nadu purchases 70,00,000 bales from Gujarat every year. Relaxation would help the industry save about Rs 175 crores.
Archroma, a global leader in specialty chemicals is leveraging innovative chemistry to generate several new fashion-forward, eco-conscious colors and finishes. These advances add value for consumers, mills and brand owners alike. Optisul C dyes offer new color effects on printed and coated fabrics. Diresul Pacific Blue RDT is the first in a new collection of vibrant, ocean-themed bright sulphur blue and green dyes. Archroma's portfolio has innovative, eco-advanced solutions including: traceable earth colors dyes derived from agricultural waste; advanced denim dyeing process; and the smart repel hydro technology for performance in casual wear. Smart repel is a finishing range that is not based on fluorine. It provides water repellency performance to casual clothing while retaining softness and breathability.
Archroma has expanded its application range for Optisul C liquid dyes to include new colors and treatment options on printed fabrics. These dyes will allow garment makers to create chemical contrasts on printed and coated jeans. Optisul C products are affinity-free, sulfide-free dyes. They also allow easier application than current piece dyeing techniques for physical and chemical wash-down effects.
As a part of its growing color portfolio, Archroma is introducing a new, bright blue sulphur dye called Diresul Pacific Blue RDT. It is the first in a planned series of bright greens and blues – all bearing ocean-related names.
China will cut import duties on apparel, footwear and cosmetics by 50 per cent on an average, in an effort to stimulate domestic spending and economic growth. This is probably a response to the slowing economy, the country reported seven per cent growth year-on-year in the first quarter, its lowest in six years.
China will cut taxes on imports, including suits, for garments and shoes, starting June 1. Tariffs on cosmetics will drop from five per cent to two per cent and diaper duties will dip from 7.5 per cent to two per cent.
Import tariffs on western-style clothing will fall to between 7 and 10 per cent from 14 to 23 per cent, and taxes on ankle boots and sports shoes will be reduced by half to 12 per cent. Growth in China’s retail sales declined from March’s 10.2 per cent to 10 per cent in April, and imports fell 16.2 per cent, signaling lackluster consumer demand.
The duty reductions are expected to be a boon both for global companies and for Chinese stores that have lost business to foreign brands. They are meant to encourage Chinese consumers to spend more at home instead of shelling out cash overseas as duties that can make some goods as much as 20 per cent more expensive at home often make Chinese shoppers spend elsewhere. The apparent price gap between China and other markets could limit any immediate impact from the tax cuts.
Chemicals and dyes innovator Huntsman Textile Effects has developed a new reactive black dye free from restricted arylamines like p-chloroaniline (PCA), which the company claims will help textile mills improve productivity and profitability. PCA is a hazardous substance commonly found in reactive black dyes.
Huntsman’s new Avitera Black SE dye, an extension of the company’s Avitera SE dye range, meets restrictions on hazardous substances in products and textiles. Avitera Black SE dye helps mills achieve water and energy savings of up to 50 per cent and reduce carbon dioxide emissions by 50 per cent or more. The new black dye meets all severe wet-fastness requirements and is well-suited for fabrics that require the highest chlorine-fastness and good light-fastness.
The dye also has low temperature, high speed wash off properties, which allow it to dramatically reduce processing time, boosting production by 25 per cent or more. It is designed for dyeing at very short liquor ratios with a maximum of four 60-degree celsius rinses.
Avitera dye is redefining economic and environmental sustainability for textile mills. It minimizes processing costs for enhanced profitability while increasing productivity without additional capital investment. At the same time it enables mills to differentiate their products in a global marketplace that increasingly demands a clean and transparent supply chain.
Huntsman Textile Effects invests in the development of innovative new chemistries that meet the needs of the industry and the end user.
www.huntsman.com/textile_effects
Minister for industries and commerce, Chander Parkash recently launched a Handloom Cluster Development Project in Jammu & Kashmir (J&K). The project, has been initiated under the comprehensive Handloom Development Scheme of National Handloom Development Programme, ministry of textiles, government of India.
The project will empower handloom weavers from the region and build capacity to enhance competitiveness of their products in the domestic and international markets. It will facilitate bringing handloom weavers together and provide assistance for procurement, production, marketing and other support activities to promote sustainable growth and diversification of handlooms. On the occasion, Chander Parkash also distributed cheques of Rs 8,000 each among 10 beneficiaries for setting up looms to revive sources of their traditional livelihood.
The project was inaugurated in presence of minister of state for finance and information technology, Pawan Kumar Gupta and MLA Chenani Dina Nath Bhagat at Panchayat Ghar, Chenani.
