22 November 2021, Mumbai:

The 20th edition of the Yarnex – India International Yarn Exhibition and the 12th edition of the TexIndia – Textile Sourcing Fair commenced at the India Knit Fair (IKF) Complex in Tiruppur on Thursday.

According to P. Krishnamurthy, Chief Executive Officer of S.S. Textile Media that has organised the event, 112 exhibitors from across the country arrived at Tiruppur for the three-day textile fair. The exhibitors were from Bengaluru, Delhi, Mumbai, Ahmedabad, Surat and Ludhiana. Yarnex and TexIndia aims to bring together manufacturers and suppliers of yarns, fibres and apparel fabrics under one roof. The fair will be open for traders till Friday, he said.

The highlights of the fair include sustainable and eco-friendly yarns, especially those made from plastic bottles, Mr. Krishnamurthy said.

The three-day fair is expected to give a fillip to the manufacturers and suppliers, whose business was affected due to the COVID-19 pandemic and the lockdowns, he added.

The Hindu

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19 November 2021, Mumbai:

Designer label Ritu Kumar has collaborated with interior designer Ashiesh Shah to launch an exclusive edition collection of home decor range inspired by Amer, Jaisalmer, and Kochi.

The collection includes a wide range of bed linen, wallpapers, tableware, and home décor. The range explores contemporizing of craftsmanship and offers a modern take of the region’s cultural heritage. This is the first collaboration Ritu Kumar has had with the iconic architect and interior designer Ashiesh Shah.

Ritu Kumar has been patronized by international style icons and top film celebrities for over five decades. Her collections reflect the era of the ruling dynasties of India. She is inspired by the patronage given to spinners, weavers, dyers, printers, and embroiderers by royalty that in turn fashioned the costumes of the maharajas, ranis, and nawabs.

The bridal line of saris, suits, and lehengas is inspired by traditional zardozi embroidery and Kanjeevarams incorporated with contemporary designs and motifs. The lehengas are a perfect blend of modern style and traditional sensibilities.

Equally stunning are the saris and suits in a choice of fabrics such as net, chiffon, lace, and georgette. The elegance of the garments is enhanced by the use of lace and gotta Patti work for the border and dupattas with a hint of traditional karigari and embroideries.

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TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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21 November 2021, Mumbai:

The award was presented to Huntsman India for its distinguished efforts in the areas of safety and hazard control, energy conservation, and water conservation.

Huntsman Textile Effects, the global leader in innovative and environmentally sustainable dyes, chemicals, and digital inks, has bagged six awards at the annual presentation ceremony of Dyestuffs Manufacturers' Association of India (DMAI) held recently in Mumbai.

The award was presented to Huntsman India for its distinguished efforts in the areas of safety and hazard control, energy conservation, and water conservation.

Rahul Tikoo, MD, Huntsman India Sub-continent said, “Huntsman is honored by this recognition from DMAI. It strengthens our commitment towards society as sustainable corporate citizens, which is a true differentiator for us to stay ahead in the global market scenario.

We will continue our efforts to promote a culture of innovation and development with our stakeholders to help bring about significant change and co-create solutions to drive holistic growth.”

Awards bagged by Huntsman India

Excellent performance in Safety & Hazards Control by a Large-Scale Unit for 2019-2020

Excellent performance in Water Conservation by a Large-Scale Unit for 2019-2020

Excellent performance in Energy Conservation by a Large-Scale Unit for 2019-2020

Excellent performance in Pollution Control by a Large-Scale Unit for 2019-2020

Excellent performance in Energy Conservation by a Large-Scale Unit for 2020-2021

Excellent performance in Water Conservation by a Large-Scale Unit for 2020-2021

“This outstanding achievement reflects the teamwork, EHS culture, continuous improvement towards water and energy conservation achieved at the Baroda plant.

This requires the best possible balance between ecological, and social needs, as well as the highest priorities of having safe and environmentally sound processes,” said Kavishwar Kalambe, Site Director, Huntsman Textile Effects.

Huntsman Textile Effects received awards based on criteria such as innovation, creativity, development, and quality in the field of dye manufacturing.

Indian Chemical News

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4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India, Noida

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17 November 2021, Mumbai:

Team SharX from the Xavier Institute of Management, Bhubaneswar, has won Welspun’s ESG (Environment, Social and Governance) innovation challenge – Disruptor.

Team SharX will receive seed funding of Rs 10 lakh from the Welspun Group for its business proposal that focused on an overarching ESG narrative with an effort at tackling fashion’s adverse effects on the environment, sustainability, and more.

The winning team was among 100 teams shortlisted in this competition and built on the concept of circular economy and proposed a solution to reduce fast fashion waste while promoting rural women’s welfare.

They were announced as winners following four rounds of competition. Welspun found their idea of an advanced approach to combat environmental issues through e-commerce unique, scalable, and embedding the values of circular economy at its core.

Disruptor was a competition launched by Welspun in August 2021 as a platform for young entrepreneurs to present path-breaking ideas of sustainable ESG business solutions. This program, under Welspun’s Welocity initiative, is a celebration of the spirit of entrepreneurship as the organization continues to recognize ESG as an inextricable part of today’s evolving business landscape.

Welspun, one of India’s fastest-growing global conglomerates, is adding to its capacity in towels, sheets, and rugs. The towel capacity will increase by seven percent. Sheets will increase by 20 percent and rugs by 80 percent.

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16 November 2021, Mumbai:

For the second quarter, Arvind’s revenues grew 113 percent. This was driven by the significant easing of Covid-related restrictions resulting in strong footfalls across retail channels and continued growth in the online business.

Sales recovery was 90 percent compared to pre-Covid levels. Power brands grew 145 percent with significantly improved profitability on a year-on-year basis. Online channel sales grew by 55 percent with a 40 percent contribution to company revenues.

Strong sales recovery continued in October ’21, registering high-teens like-to-like growth in the festive period in the retail channel, compared to pre-Covid.

A robust sales growth coupled with cost optimization measures led to significantly improved operating profitability resulting in EBITDA of Rs 72 crores compared to a loss of Rs 14 crores in last year’s second quarter. This translated into cash break-even for continuing business.

Arvind is India’s leading casual and denim player. The continued focus on working capital coupled with the divestment of the Unlimited retail business resulted in inventory and gross working capital lower by Rs 180 crores compared to September ’20.

The gross debt was lower by Rs 70 crores compared to June ’21. Proceeds from the preferential allotment were utilized to reduce debt further.

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20 November 2021, Mumbai:

Goyal cautioned the cotton bale traders from manipulating prices or hoarding to make unfair profits. The Minister further stated that manufacturing sectors should not depend on Government support for growth.

Too much dependence on State support is not healthy for the robust growth of the sector. The Minister was intervening to resolve issues regarding cotton yarn prices between cotton yarn manufacturers and the downstream Textile industry.

He said that Farmer's interests are being taken care of for the first time as they are now getting better cotton prices supported by a very good base MSP. Pricing issues of cotton bales and yarn for the Industry should not be allowed in any way to impact the better prices which farmers are getting, he added.

Shri Goyal said that the idea of short-term Supernormal profits by a section of players in the Textile value chain is not sustainable. “No one should force the Government to intervene. Let free and fair market forces play out. Supernormal profits should not be booked for short-term goals”, he said.

The Minister further mentioned that the whole value chain gets adversely impacted even if one section gets weak. Atma Nirbhar Bharat applies to everyone in the value chain. All must get benefitted and all must grow. He said that Cotton bale and yarn prices need to be such that all get benefitted.

He exhorted that all stakeholders in the Textile Value chain need to support each other for long-term sustainable growth.

Shri Goyal cautioned the cotton bale traders from manipulating prices or doing any hoarding to make unfair profits. The Minister added that reasonable profits are good and acceptable but undue advantage can not be allowed to be taken by anyone's value chain. He also said that no one would be allowed to come in the way of better cotton prices to Farmers.

It may be noted that cotton production is estimated at 362.18 lakh bales. The cotton season 2021-22 commenced with an estimated carry-over stock of 73.20 lakh bales (COCPC meeting dated 12.11.2021). Opening stock in the country is adequate to meet about two and half months’ mills consumption.

Cotton prices are ruling above the MSP level by about 40% i.e. Rs.8500 per quintal as against the MSP rate of Rs.6,025/ -per quintal. Farmers are getting reasonably good prices for their produce which is in tandem with other agri-commodities as well.

World cotton acreage is expected to increase by 4% to 33.27 million hectares as against 31.97 million hectares of last year. Whereas world cotton production is projected to increase by 6% to 1512 lakh bales (25.72 MMT) as against 1426 Lakh bales (24.26 MMT) of last year and world cotton consumption is expected to increase by 2% to 1530 lakh bales (26.01 MMT) as against 1505 lakh bales (25.60 MMT) of last year.

Earlier also, Shri Goyal held a review meeting of the Cotton Corporation of India (CCI) to discuss ways to strengthen procurement processes to further support the livelihoods of our cotton farmers.

Minister of State for Textiles and Railways, Smt. Darshna Jardosh, Shri U.P. Singh, Secretary Textiles, Shri Pradeep Agarwal, CMD, CCI, and senior officials of CCI, Textiles industry players, and exporters participated in the meeting.

CCI is appointed as a Central Nodal Agency under the Ministry of Textiles for undertaking Minimum Support Prices (MSP) operations for cotton.

It safeguards the economic interest of cotton farmers, ensures the benefit of MSP to bonafide cotton farmers, and undertakes MSP Operations in the event prices of Fair Average Quality (FAQ) grade kapas fall below the MSP level. PIB

(The news article has not been edited by DFU Publications staff)

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TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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17 November 2021, Mumbai:

The state government is lobbying for a textile park at the Kopparthi mega industrial park in Kadapa. The Centre has already proposed seven major textile parks to be set up across the country this year. The state had placed a request for one park and had promised its support to establish it.

Minister for industries, Mekapati Gautham Reddy, who concluded his two-day visit to the national capital on Friday, met several Union ministers during his visit and placed requests on behalf of the state government.

The minister also made a strong request to the Centre for establishing solar power plants in the state.

He told the Centre that Coal India Limited (CIL) had come forward to establish a solar wafer cell PV modular manufacturing unit at Kopparthy. This would come up at an investment of Rs 7,200 crore, for which CIL has already established a special purpose vehicle (SPV), he told the Union minister of power. TOI

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TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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20 November 2021, Mumbai:

Still at the top, as green as this envious company has always been,” By making the biggest strides in responsible sourcing and environmental conservation, we've earned the top spot amongst the global viscose producers, yet again”.

Birla Cellulose is the first global viscose producer to be ranked #1 three years in a row!

ABOUT CANOPY'S HOT BUTTON REPORT:

Every year, as a part of the CanopyStyle initiative Canopy, releases the Hot Button Report which is highly anticipated by 455+ global brands, retailers & fashion designers. It ranks the world's largest viscose producers based on their progress & commitment to eliminating endangered forests from their supply chain.

ABOUT CANOPY

Canopy is a not-for-profit environmental organization working towards forest conservation & sustainability. One of Canopy's flagship campaigns is the CanopyStyle initiative as a part in which Canopy partners with various viscose producers, fashion brands & designers to ensure that sustainable forestry is practiced while making viscose-based clothing. Birla Cellulose

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TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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17 November 2021, Mumbai:

The state government had granted a three-year subsidy of Rs 3 per unit to the mills until December 31, 2021.

The rebate given by the state government to spinning mills on purchase of power will expire by the end of December this year, top officials of the Maharashtra State Cooperative Textile Federation (MSCTF) said.

The state government had granted a three-year subsidy of Rs 3 per unit to the mills until December 31, 2021. The mills are expected to set up solar power plants at their premises in these three years in lieu of the subsidy.

MSCTF, along with the representatives of cooperative spinning mills, met the Maharashtra state textiles commissioner in Nagpur last week to seek a further extension on the power rebate, Ashok Swami, chairman, MSCTF, said. “The mills are currently finding it difficult to purchase cotton for their requirements because of the high prices of the commodity.

The high electricity rates will only add to their problems,” he said. None of the mills have set up solar power plants because permission has been granted only for 1-megawatt (MW) capacity power plants, which generate electricity for barely two hours, Swami pointed out.

It is not viable for mills to set up these plants unless the government relaxes this condition and grants permission for 10-MW to 12-MW power plants, he said. Financial Express

(The news article has not been edited by DFU Publications staff)

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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