The Synthetic & Rayon Textiles Export Promotion Council

MARKET WATCH 13TH APRIL 2021

NATIONAL

INTERNATIONAL

Concerned for uninterrupted manufacturing, apparel exporters demand essential service sector tag

As COVID-19 cases are growing in India and many states are opting for lockdown, apparel exporters are concerned over possible imposition of lockdowns.

The apparel exporters have urged the Government to keep factories free from lockdowns and requested for essential service sector tag for the labour-intensive apparel export industry.

The apparel export industry has only recently come back on track –with migrant labourers back, orders have started stabilising and exports are looking up. The lockdown, at this point, will disrupt the last one year of hard work put in by the industry to get back on the global map and on the road to survival.

For ensuring uninterrupted manufacturing at factories, Apparel Export Promotion Council (AEPC) has written letters to Home Minister Amit Shah, Health Minister Harsh Vardhan, Textiles Minister Smriti Irani, Commerce and Industry Minister Piyush Goyal, their Secretaries and Chief Ministers of some states including Tamil Nadu.

“The industry, which supports over 13 million workers directly and many more indirectly, in rural and backward areas and largely comprises MSMEs, will be severely impacted by the disruption, if the lockdown is again imposed in the factories,” AEPC Chairman Dr. A. Sakthivel wrote in his letters to the Government.

He further added that being one of the most labour-intensive industries, while apparel exporters are concerned about the health and safety of the workers, they are also concerned about their livelihoods.

He claimed that all factories have been taking stringent measures and following strict health protocols, as per the MHA guidelines and other advisories.

The regular tests and check-ups are also being done. The apparel exporters are willing to follow even more strict safety measures but would want to avoid even partial lockdowns.

Requesting for exempting the apparel export industry as an essential service sector, Dr. A. Sakthivel added such lockdowns create widespread disruption and impact not just in the short term but also the long-term health of the industry.

Source: Apparel India

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High yarn price: A worry for Indian apparel

At a virtual meet organized by AEPC with Gujarat Spinners Association members, Tirupur will now get support from the association. Gujarat Spinners Association will supply yarn to apparel manufacturers of Tirupur.

Saurin Parikh, President, Gujarat Spinners Association, said in the last 20-25 days prices had reduced and many countries, excluding Bangladesh, stopped importing from India.

Tirupur consumes around 30 to 40 percent of total knitting yarn produced in India.

Spinning mills of Gujarat were also invited to tap the prospect in Tirupur and join hands with knitwear exporters of this apparel hub for joint sustainable growth.

For last few days, there has been lot of hue and cry in Tirupur as few mills/their traders have improved the yarn price in April also, while it was decided in a meeting that there will be no hike in yarn price during the April month.

Source: Textile Today

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Trident Group reports 82.80% increase in bath linen production during March 2021

Punjab-based Trident Group has announced the figures of its March ’21 production in home textile division and it’s overwhelming.

The leading vertically integrated textile (yarn, bath & bed linen) manufacturing group has seen a growth of 82.80 per cent in the production of bath linen to 5,018 metric tonnes in March ’21 as compared to 2,745 metric tonnes in the corresponding month of 2020.

As far as the production of bed linen is concerned, it upped 83.42 per cent to 3.32 million metres in March ’21 from 1.81 million metres in March ’20.

According to Trident, the production of yarn too grew 54.87 per cent to 9,799 metric tonnes in March ’21 over 6,327 metric tonnes in March ’20.

Further, in paper & chemicals division, the production of paper spurted 47.20 per cent to 14,154 metric tonnes in March ’21 compared with 9,615 metric tonnes in March ’20.

The production of chemicals climbed 47.06 per cent to 9,252 metric tonnes in March’21 as against 6,291 metric tonnes in March ’20.

The Group further reported that its consolidated net profit increased 200.40 per cent to Rs. 112.15 crore and 20.40 per cent increase in net sales to Rs. 1,303.15 crore in Q3 December 2020 over Q3 December 2019.

Source: Apparel India

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DGFT should be rechristened to something more facilitative: Piyush Goyal

Commerce and industry minister Piyush Goyal on Monday said he has suggested that the Directorate General of Foreign Trade be rechristened to “something more facilitative, something more collaborative”.

While launching the trade facilitation mobile app of the DGFT, he said: “I have suggested that we now move from the phrase “director general” and went into something more facilitative, something more collaborative”.

He said the DGFT should be rechristened to “really reflect our thinking and the role that we envisage for DGFT in the years to come”.

About the app, he said it is a state-of-the-art system and it will help improve the efficiency of both importers and exporters

by providing real-time trade policy updates, notifications, applications, status alerts and real-time data.

It would also enable exporters and importers to explore item wise exim (export-import) data, policy, and statistics. Besides, it would provide artificial intelligence-based 24x7 assistance and all services of the DGFT.

He also said mobile governance will enable the creation of quality-conscious and cross competitive domestic industry and help significantly contribute to the export target of $1 trillion by 2025.

Source: The Economic Times

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Gokaldas Images to come up with garment factory in Telangana

India’s leading apparel export company Gokaldas Images has signed an MoU with the Telangana State Government to setup a unit in the apparel park in Rajanna Sircilla district.

Sameer Hinduja, MD of the company and KT Rama Rao, Textile Minister of the state, were present during the signing of MOU.

The company will set up a garment manufacturing facility and will provide re-employment to at least 1,100 people. Interestingly, around 75 per cent of these jobs would be given to women after they are provided proper training in coordination with the State Government.

The Minister assured that the State Government would provide all basic facilities for industries.

Notably, as a part of setting up of an apparel value chain system at the apparel park in Sircilla, the State Government has, in collaboration with apparel manufacturer Kay Ventures, decided to establish an Apparel Super Hub (ASP) at a cost of Rs.100 crore over a space of 20 acres.

The ASP would house around 5,000 art sewing units with its corresponding embroidery, printing, washing, value addition and support facilities and this is proposed to be developed in three phases.

It is pertinent to mention here that Telangana is attracting good investment in apparel manufacturing industry. Recently, Youngone Corporation, Korea also announced that it will start the operation soon in the state.

Source: Apparel India

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India's NIFT to introduce technical textiles as an academic subject

India's ministry of textiles is making efforts to utilise the potential of technical textiles to the fullest and the National Institute of Fashion Technology (NIFT) will work towards introducing technical textiles as an academic subject in the near future, Union textiles minister Smriti Irani said at the first convocation of NIFT Srinagar.

Technical textiles, which involves production and design of textiles for use in industries other than apparel and decoration, is going to be the next big thing in the future, the minister said in her address as the chief guest on the occasion.

Irani said that the first batch of NIFT Srinagar has added a golden page in the 35-year-old history of the institution. She inspired the students to be prepared for whatever life has to offer and expressed faith that with the training imparted to them at NIFT, they would be equipped to deal with any tests and hardships that may come their way.

The minister said that the government of Jammu and Kashmir has recently announced a package of ₹30,000 crore as part of the J&K Industrial Policy and urged upon the students to put in their best efforts to reap benefit from it.

Congratulating the graduates and their parents, minister of youth affairs and sports Kiren Rijiju urged the students to make best use of the opportunities available to them as the apparel and fashion industry has a lot of potential. He said that the youth of India has an important role to play in defining and portraying soft image and soft power of the country and that the alumni of NIFT Srinagar will play a pioneering role in this direction.

NIFT Srinagar offers two undergraduate courses in Fashion Design and Fashion Communication of four years duration each.

Source: Fibre2Fashion News

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‘Extend interest subsidy scheme for exporters’

To help Indian exporters struggling to conduct their business in the uncertain global market, the Commerce Ministry is trying to ensure that the interest equalisation scheme, which lapsed on March 31, is extended by the Reserve Bank of India (RBI) without curtailments.

“The Commerce Ministry is in touch with the RBI on the extension of the interest equalisation scheme for exporters. It is being hoped that the scheme will be extended to all beneficiary sectors without modifications soon,” a source tracking the matter told BusinessLine.

The background

The interest equalisation scheme, introduced on April 1, 2015, extends a subsidy on interest provided on pre- and post-shipment export credit ranging between 3 per cent and 5 per cent to exporters. The banks provide credit at the lower interest rate to exporters and the differential amount is later reimbursed by the government. In addition to MSME exporters of all items, exporters of 416 identified products are eligible for the benefit.

“Exporters are hopeful that the benefits under the interest equalisation scheme will remain intact in the new fiscal and there will be no curtailment in the list of eligible items or a tinkering of rates,” the source said.

Since the budgetary allocation for 2021-22 set aside by the Finance Ministry for the scheme at ₹1,900 crore is more than the revised estimates for last year, there is a general optimism that there will be no rude surprises in store for exporters.

“Although, there are indications that there will be continuity in the scheme, one can never be certain till it is notified by the RBI,” the source added. Last year, following the one year extension of the old five-year Foreign Trade Policy till March 31, 2021, the RBI also issued a notification for a one-year extension of the interest equalisation scheme.

Scheme to be extended?

Now that the government has given a second extension to the old FTP, this time by six months (till September 30, 2021), there are speculations about the period of extension of the scheme.

“There is uncertainty whether the government wants the interest equalisation scheme to be part of the next five year FTP. As some experts feel the scheme has the potential of getting identified as an export subsidy at the WTO and, therefore, create possible conflict in the future, it may be better to extend it on a piece-meal basis,” the official said.

India’s goods exports in April-March 2020-21 were valued at an estimated $289.92 billion, which was 7.4 per cent lower than exports worth $313.36 billion in April-March 2019-20. In March 2021, however, exports shot up by 58.23 per cent to $34 billion, propelled by sectors such as engineering goods, gems & jewellery and pharmaceuticals.

Source: The Hindu Business Line

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Increasing scrutiny to create challenges for apparel industry: Moody's

Apparel production practices have a significant impact on the environment and put an increasing strain on raw material resources. These will increase input costs in the longer term and erode many brands' credit quality. So, apparel companies will have to transform their value chains to remain competitive, Moody's Investors Service said in a recent report.

"Changing behaviour among environmentally conscious and socially aware consumers will put more competitive pressure on global fashion brands to adapt to sustainability measures. Longer term, environmental and social factors will put the apparel industry's profitability at risk," said Guillaume Leglise, assistant vice president – Analyst, at Moody's Investors Service, on the company's website.

Small brands already suffering from the pandemic will struggle to adapt, while large international brands and luxury companies such as H&M, Nike, Adidas and Ralph Lauren will fare better. Fast fashion and discount brands are the most at risk of competitive pressure as sustainability becomes more important to consumers, the Moody's report said.

Regulatory challenges related to data protection are also increasing for apparel companies. Brands using online and data analytics are vulnerable to data protection risks, cyberattacks and non-compliance fines, all of which can tarnish their reputations, the report added.

Source: Fibre2Fashion News

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INTERNATIONAL

China’s exports rise at robust pace in March, imports growth highest in 4 years

China’s exports grew at a robust pace in March in yet another boost to the nation’s economic recovery as global demand picks up amid progress in worldwide COVID-19 vaccination, while import growth surged to the highest in four years.

The data suggests the world’s second largest economy will continue to gather momentum as it emerges from the COVID-19-led slump in early 2020, though a lagging consumer rebound and resurgence in COVID-19 cases in many countries have raised risks for the outlook.

Exports in dollar terms soared 30.6% in March from a year earlier, but at a slower pace from a record 154.9% growth in February. The analysts polled by Reuters have forecast a 35.5% jump in shipments.

“Strong foreign demand is likely to be sustained throughout the second quarter as the global economy further recovers,” said Nie Wen, analyst at Nie Wen, economist at Hwabao Trust.

“But with the acceleration in global vaccination efforts, industrial sectors in other countries are gradually restarting. It remains to be seen that if China’s stellar export growth will begin to slide.”

Despite sporadic COVID-19 cases in China’s border cities, authorities have been able to largely contain the virus in a boost to the lagging consumer recovery.

Beijing managed to largely bring the COVID-19 pandemic under control much earlier than many countries thanks to stringent anti-virus curbs and lockdowns at the initial phase of the outbreak last year.

The data showed total imports jumped 38.1% year-on-year last month, the fastest pace since February 2017 on high commodity prices, beating a 23.3% forecast and compared with 17.3% growth in February.

The nation imported 1.02 million tonnes of meat in March, the highest monthly volume since at least January 2020, while imports for soybeans iron ore, copper and crude oil also rose.

China posted a trade surplus of $13.8 billion last month, versus analysts expectations for the surplus to rise to $52.05 billion from $37.88 billion in February.

TRADE CHALLENGES

Official and private manufacturing surveys in China pointed to robust growth, with export orders returning to growth amid improving foreign demand. However, many analysts believe exports could lose some momentum in the short term and the advantages of orders transferred from other countries due to coronavirus-related disruptions will begin to abate.

Liu Kuiwen, customs spokesman, said that overall trade growth in the second quarter could show the pace slowing due to a higher base comparison in the year-ago period when a jump in pent-up demand boosted the headline figures.

The resurgent COVID-19 infections abroad and constraints in global trade have left some companies grappling with prolonged delivery timeframes and surging prices of raw materials.

Makers of cars and electronic devices from televisions to smartphones are sounding alarm bells about a global shortage of chips, which is causing manufacturing delays as consumer demand bounces back from the coronavirus crisis.

Meng Xianglong, founder of Heji Trade & Credit Research Centre based in the port city of Ningbo, believes the recent surging commodity prices have already deterred some exporters from taking on orders, especially those small firms, in signs of the weaknesses to come for the next couple of months.

“Factories are now facing a squeeze in profits. Even though today’s data are robust, they’re suffering from pains in reality.” China’s gross domestic product expanded 2.3% last year, the only major economy to post growth in 2020, underpinned by solid demand for goods such as medical and work-from-home equipment. Still, the massive initial hit from the COVID-19 crisis meant China’s growth in 2020 was still its weakest in 44 years.

This year, China has set a modest growth target of at least 6%, as authorities plotted a careful course out of a year disrupted by COVID-19 and amid heightened tensions with the United States.

China’s trade surplus with the United States slipped to $21.37 billion in March from a $23.01 billion in February. President Joe Biden said last month that the United States was not seeking confrontation with China over differences on trade.

Source: The Financial Express

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2021 to be critical for European textiles and clothing sector: Euratex

2021 will be a critical year for the European textile and clothing sector, according to the European Apparel and Textile Confederation (Euratex). On the occasion of releasing its quarterly economic update, Euratex is concerned that the COVID-19 crisis may be followed by disruptions in the global supply chains, affecting the competitiveness of the industry.

Economic data up to December 2020 reflect a dramatic contraction in demand and production of textile and clothing items, caused by the COVID-19 pandemic. Over the full year 2020, the EU turnover fell by - 9.3 per cent in textiles and by -17.7 per cent in clothing, compared with 2019. The crisis was particularly felt in the middle of the year (with production losses over 50 per cent). Towards the last quarter of 2020, business activity recovered in the textile industry (+1.6 per cent as compared with the previous quarter), while it further deteriorated in the clothing sector (-6.8 per cent), as a result of the decline in consumption expenditure and the slowdown in non- essential activities, according to Euratex.

Looking at trade performance, T&C (Textile and Clothing) extra-EU exports slipped back by -13.6 per cent in 2020. The majority of EU top-10 customers experienced a steep decline in 2020. EU imports increased by +5.5 per cent in 2020. However this increase was mostly due to the import of personal protective equipment (including facemasks), especially from China (increase from €1 billion in 2019 to €20 billion in 2020). Looking forward, the EU Business Confidence indicator of March 2021 gained momentum, with a confirmed upward trend in the textile industry (+3.8 points), and a modest recovery in the clothing industry (+1.6 points). Also, the employment expectations indicator saw a robust increase, according to a press release by Euratex.

However, these signs of recovery are jeopardised by recent turmoil in the T&C supply chain. Raising prices of raw materials (textile fibres, dyestuff, and so on) and transport costs, negative impact of CO2 prices and political turmoil in some important sourcing countries (China, Myanmar) create uncertainty, adding to the challenges of the corona pandemic. On that basis, 2021 will be a critical year for the competitiveness of the European T&C industry. A forward-looking EU textiles strategy, which offers the right policy mix and support instruments for our SMEs, is essential in this context, Euratex said.

“European textiles and apparel companies have shown great resilience and flexibility during this pandemic, but continue to face global challenges. Now is the time to design a modern framework to support these companies in their transition process. We need to focus on promoting innovation, offering support towards digitalisation, creating robust supply chains and ensure a level playing field,” Euratex director general, Dirk Vantyghem said in a statement.

The EU Textiles strategy is expected for the third quarter of 2021; while it is expected to put a strong focus on sustainability and circularity, Euratex insists the strategy should take a broader perspective and ensure long term competitiveness of this essential pillar of the European economy.

Source: Fibre2Fashion News

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Cotton yarn crisis: Textile exporters demand judicial inquiry

The textile exporters on Monday demanded enquiry under judicial commission to probe and unearth the cotton yarn crisis facts by executing detailed investigations and to carry out urgent Forensic Audit on the pattern of sugar crisis.

The demand came at a joint press conference of the Value Added Textile Sector Associations held at PHMA house.

Jawed Bilwani, Chairman, Pakistan Apparel Forum, Riaz Ahmed, Central Chairman, Tariq Munir, Chairman (SZ), Pakistan Hosiery Manufacturers & Exporters Association. Shaikh Shafiq, Chief Coordinator & Ex-Central Chairman, Pakistan Readymade Garment Manufacturers & Exporter Association, Rafiq Godil Chairman and Kamran Chandna, Former Chairman, Pakistan Knitwear & Sweaters Exporters Association, Dr Shahzad Arshad, Chairman, Pakistan Cotton Fashion Apparels Manufacturers & Exporters Association, Aamir Lari, Vice Chairman, Towel Manufacturers Association of Pakistan and Abdus Samad Shekhani, Chairman, Pakistan Cloth Merchants' Association attended and many of them addressed the presser.

They said it is learned that approximately 2 million bales have been sold without sales tax and invoices in the local market. In order to identify the black-sheep and culprits behind the yarn crisis the forensic audit of cotton yarn crisis shall prove it many times bigger scam than the sugar scam.

The entire nation from the parliamentarians, Members from the National & Provincial Assemblies as well as the masses decried the sugar scandal and total cost of sugar produced in the country is of Rs320 billion while the silence over cotton yarn crises faced by Value-Added Textile Sector exporting Rs1,980 Billion worth is suspicious, Jawed Bilwani said.

The Government has closed its eyes wide shut over the hoarding of cotton yarn and cartelisation, which are actionable as per law under the Price Control and Prevention of Profiteering & Hoarding Act 1977 and Competition Act of Pakistan 2010.

It appears that the Government has given complete liberty to Spinning Mills and Yarn Traders for monopoly, abusive dominance for exorbitant pricing and hoarding, he said.

The Price Control and Prevention of Profiteering & Hoarding Act 1977 is self-explanatory which also covers yarn for taking legal action in case of violations. Aggravating crisis of cotton yarn due to its unavailability to the Value Added Textile Export Sector of Pakistan has caused drastic decline in exports pushing the industries to the verge of closure fearing massive layoffs in millions of textile workforce, Bilwani added.

Internationally, prices of cotton have been decreased so do the prices of cotton yarn, however, in Pakistan the prices of cotton yarn have been exorbitantly high with increase in prices of cotton and cotton yarn but have not been reduced in line with the decrease in the global market. It seems that some elements in the Government are playing adversarial and negative role, in contrary to the policies of Prime Minister Imran Khan, to shatter the exports of Pakistan and put lethal blow over the Foreign Exchange earnings because something unusual always happens from the circles of the Government whenever the exports of Pakistan comes in take-off and incline mode.

Advisor Commerce Razak Dawood supported the exporters and regulatory duty was abolished yet custom duty was not removed due to resistance by some elements present in the cabinet, the exporters said.

Complete remedy was not provided to textile exporters who again appealed the Government to allow import of cotton yarn from neighbouring India through land route due to severe congestion of sea traffic and containers.

Announcement of ECC proposal to allow import of cotton yarn from India compelled the local spinners and cotton yarn traders to reduce the prices of cotton yarn yet, however, again some persons sitting in Government criticised and the cabinet defer the said proposal. As a result, prices of cotton yarn were increased again which also reflects hoarding and black-marketing of cotton yarn in the local market.

They said the Ministry of Planning, Development and Reforms is speechless to comment and articulate who is behind this ill-planning and severest ever crisis of cotton which has proven most deadly and destructive for the value added textile sector and its exports.

The value added textile exporters are facing jeopardy and financial hardships as their cost of manufacturing is gone out of control due to dollar depreciation against Pak Rupees from 164 to 153 and increase in prices of cotton yarn more than 40 percent and 700 percent increase in sea freight charges. Further Government's decision for disconnection of gas supply to industrial captive power plants of export industries is also a hanging sword which will destroy investment of billions of rupees. Shifting of industries from gas to national grid is technically not possible as supply of electricity to industries through distribution companies especially K-Electric, which lacks infrastructure of transmission and distribution capacity.

K-Electric will require around year and a half to develop and install infrastructure, grid stations, sub stations, high tension power supply lines etc. What would be the fate of industries in such scenario? In summer, electricity demand increases and K-Electric observed load shedding due to high / peak demand. The government must realise that these decisions would only favour our competitors from India and Bangladesh who will take advantage of the situation by attempting to somehow get all the orders achieved by Pakistani exporters shifted to respective countries.

The exporters demanded that the Government must immediately place a ban on export of cotton yarn from Pakistan or impose 10 percent duty on export of cotton yarn from Pakistan and Government also pave way to facilitate exporters to import cotton yarn safely from Central Asian Republics through land route as the sea route is taking prolong duration due to shortage of containers and vessels. Government must also play its role to include the Tajikistan in the Quadrilateral Transit Trade Agreement (QTTA) between Pakistan-China-Kazakhstan-Kyrgyzstan which facilitate the passage of goods and traffic as Uzbekistan sought Pakistan’s support. The import of cotton yarn from Uzbekistan through Afghanistan is also not convenient as due to security reasons and the Uzbek Exporters of yarn demand 100 percent advance payment for which local exporters need approval from the State Bank of Pakistan which is a lengthy process. Import of cotton yarn from Uzbekistan via land route will take hardly one week to reach Pakistan while the sea route will take months.

Source: The Business Recorder

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Netherlands company DSM sets up coalition to make Dyneema from waste

Royal DSM, a global science-based company in nutrition, health and sustainable living, along with industry partners, has set up a new coalition - CirculariTeam - to drive transition towards renewable bio- and recycled based resources. By 2021 end, CirculariTeam aims to reach technical feasibility of making Dyneema fibre from post-consumer waste.

CirculariTeam provides a common platform to share knowledge, resources, and technological solutions, with the goal of closing the loop on Dyneema, the world’s strongest fibre.

The cross-industry coalition consists of parties from across the value chain that use DSM’s Dyneema in their products. CirculariTeam aims to drive the transition towards renewable bio- and recycled based resources within its respective industry. This matches DSM’s vision and mission of enabling a circular economy and keeping materials at their highest value for the longest possible time.

CirculariTeam has identified seven focus areas - reverse logistics, recycle and reuse solutions, improved production efficiency (including waste reduction), separation of waste into material components, design for circularity, regulation, and information sharing. The parties have already begun collaborating on these and, by end 2021, CirculariTeam aims to demonstrate the technical feasibility of making new Dyneema fibre from post-consumer waste.

Throughout the coming years, the coalition will continue to reassess its ambitions and review progress through regular summits and ongoing communication.

Roeland Polet, co-chairman of CirculariTeam and president DSM Protective Materials, said: “DSM is dedicated to securing the future availability of natural resources and maximising the value from the limited resources available. CirculariTeam will serve as another opportunity to enable this, in line with our existing sustainability targets for DSM Protective Materials. Together with our partners, we can deliver solutions and growth that benefits both business and society at large.”

Wilco Stroet, senior vice president Global Maritime Lankhorst Ropes, said: "We are committed to the aims of the CirculariTeam coalition in the firm belief that it's our responsibility to leave the world better than we found it. Lankhorst Ropes has long seen sustainability as a key driver for growth and something we embrace wholeheartedly as part of our initiative to encourage circularity wherever possible."

James Kempston, CEO, NP Aerospace, said: “Dyneema is a central component to NP Aerospace life-saving armor products and we use significant volumes year on year. We are pleased to be part of the CirculariTeam. It offers a much-needed forum for cross-industry collaboration on topics such as recycling and renewable materials. We have worked with DSM for over 15 years and it is clear that they are leading the way in manufacturing innovation and green initiatives. We are pleased to be collaborating on this coalition, it will not only enable us to better meet our customers’ growing demands for more sustainable, circular products, but we will be also be able to collectively build a better world for generations to come.”

Source: Fibre2Fashion News

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PRGMEA backs PM stance on India but wants duty-free fabric import from across world

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), supporting the Prime Minister’s stance of ‘no trade with India under current circumstances, reiterated its demand of allowing duty-free import of fabric from across the world to overcome local shortage, as the fabric in Pakistan is being sold at $2.5 against rate of $1.5 in China.

PRGMEA north zone chief and vice chairman Adeeb Iqbal Shikeh, stressing the need for duty-free fabric import to encourage value-addition, suggested the government to review its textile policy to remove hurdles hindering exports and to enable the textile sector to attain the exports targets.

Garment industry fully supports the government to continue halting all types of trade with India until it revisit its unilateral and illegal measures of August 5, 2019 regarding held Kashmir. We also appreciates the prime minister for instructing the Ministry of Commerce and his economic team to immediately take steps to facilitate the relevant sectors, value added apparel, by finding alternative cheap sources of import of the needed commodities, he added.

Source: The Daily Times

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Israel unveils new plan to set up recycling centres

As a part of a strategic national programme for municipal waste management, the Government of Israel has launched a support plan for local authorities to set up new recycling centres, or upgrade existing ones across the country. Textiles, clothing and packaging are included in the list of materials to be collected and recycled at these centres.

The government has allocated an amount of 149.5 million shekels (about $45 million), the Israeli ministry of environmental protection said.

"Recycling in the homes sector has significant potential to increase recycling in Israel. It relies on the number of recycling centres in the local authorities, their accessibility and their quality," the ministry said.

The materials collected in the recycling centres are directed to designated recycling plants in Israel or abroad, which handle the separated stream and derive value from it.

The goal of the Israeli government is to reduce the landfill rate in the country to 20 per cent by 2030 and to significantly increase the percentage of recycling.

Source: Fibre2Fashion News

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