Exports dip by 6.58 pc in Jan; trade deficit lowest in 12-months at USD 17.75 bn
India's footwear, textile exports vulnerable to global slowdown: Report
Exporters need to be receptive towards impact of recession: FM Sitharaman
PM Modi speaks with his Spanish counterpart, and discusses ways to boost bilateral ties
India UK Free Trade Agreement: Next Round Of FTA Talks To Be Held In March
Industry association demands new industrial policy
Rajasthan Export Promotion Council signs MoUs with industry chambers to promote 1st global expo
Trade deficit hits 1-year low at $17.75 billion; exports, imports contract
Next round of India, UK talks for free trade agreement to be held in March
India's imports & exports dip in January, trade deficit narrows
INTERNATIONAL
RePEaT Licenses Polyester Chemical Recycling Technology To Zhejiang Jianxin Jiaren New Materials
Nigerian fashion important to economy, culture Variety of formal, casual attire
Registration Is Open For World Of Wipes International Conference 2023
NATIONAL
Contracting for the second month in a row, India’s exports dipped by 6.58 per cent to USD 32.91 billion in January due to slowdown in global demand, even as the trade deficit touched a 12-month low of USD 17.75 billion during the month, according to official data released on Wednesday. Imports in January too contracted by 3.63 per cent, the second consecutive month, to USD 50.66 billion. Cumulatively, however, during April-January 2022-23, the country’s merchandise exports rose 8.51 per cent to USD 369.25 billion, while imports increased 21.89 per cent to USD 602.20 billion, the data showed. The merchandise trade deficit for the April-January this fiscal stood at about USD 233 billion. The country’s exports had contracted by 12.2 per cent to USD 34.48 billion in December 2022. Last time, it was in January 2022, when the trade deficit touched USD 17.42 billion. Export sectors that recorded negative growth during the 10-months period of this fiscal include engineering goods, iron ore, plastic and linoleum, gems and jewellery. Engineering exports dipped by 3.37 per cent to USD 88.27 billion during April-January 2022-23. In the same period, gems and jewellery shipments declined by 0.54 per cent to USD 31.61 billion. Sectors which recorded positive growth include petroleum products, electronic goods, rice, ready-made garments of textiles and chemicals. “The overall exports (goods and services) growth in the current financial year is about 17.33 per cent. The main engine behind this export growth is the Services sector, which has been growing at a historically high growth rate of about 30 per cent. “Merchandise exports are also cumulatively growing at 8.5 per cent. We are optimistic that this growth momentum would continue despite strong global headwinds,” Commerce Secretary Sunil Barthwal told reporters. Gold imports during April-January this fiscal contracted by 11.26 per cent to USD 29 billion, as against USD 40.35 billion in the same period last year. In the 10-months of the current fiscal, crude oil imports rose 53.54 per cent to USD 178.45 billion. Similarly, imports of coal, coke and briquettes rose by 18.91 per cent to USD 43.17 billion. “In spite of global headwinds, political turmoil and recessionary trends amongst the major economies, during April-January this fiscal, the country’s merchandise exports recorded a growth,” said Sanjay Budhia Chairman – CII National Committee on Exports & Imports.
Source: Financial express
A slowdown in 2023 in advanced economies, especially the U.S. and the eurozone, is expected to make India's footwear and leather products export trade vulnerable, said Crisil Ratings. "Domestic labour-intensive sectors such as textiles, footwear, and leather depend significantly on these two regions, making them particularly vulnerable to a slowdown in these economies," it said in a report titled 'The Slowdown Shadow'. It said since these regions being two of India's largest export destinations, a slowdown in their economies would lower demand for Indian exports. Many economists and global institutions earlier projected to a global slowdown in 2023, as the impact of continued monetary policy tightening across major economies manifests. Raising interest rates typically cools demand in the economy and thus helps in managing inflation, but it also has the potential to trigger a slowdown in overall economic activities. "Advanced economies are expected to bear the brunt as they aggressively pursued monetary tightening in 2022," Crisil said. The forecast of a global slowdown, Crisil said, is worrisome because India's growth cycles have become highly synchronised with those of advanced economies over the years. "The most important and direct impact of this will be reduced demand for Indian goods abroad. The U.S. and European Union (EU) are two of the largest destinations, accounting for 18% and 15.4%, respectively, of India's merchandise exports in fiscal 2022," it added. It also raised concerns about India's textile exports. "It is noteworthy that labour-intensive categories such as leather articles, footwear, and textiles have the highest export dependence on these advanced economies," the report added.
Source: The Hindu
The global slowdown and a possible recession in the West could be a challenge for India’s trade, said finance minister Nirmala Sitharaman on Wednesday. She urged exporters to actively engage with the Centre to insulate themselves from any negative impacts. The FM was speaking at multiple post-Budget interactions with various industry bodies. She added that the long-pending reforms of including petroleum products under the goods and services tax (GST) could take place once there is consensus among states. “Indian exporters have to be far more receptive of what is happening there (globally) or even foresee how it will pan out for them. They must keep constantly engaging with the government. Otherwise, at a time when our exporters are really readying themselves to be on their toes, such challenges can demotivate them,” she said. The FM was speaking at an event of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Sitharaman also said that a number of micro, small, and medium enterprises (MSMEs) still depend on critical components that have to be sourced from other nations. “There are several MSMEs and large manufacturers who still need those critical components to come from somewhere else. We have kept ourselves completely aware of it. Our approach has been to go item-wise on Customs duty. That's why we were able to bring it (Customs duty) down across 18- 20 categories. We will keep the momentum going but will keep the interest of Indian industry in mind,” she said. The finance minister added that the government is also keeping an eye on the surge in imports. It is working closely on defining what level and in which sector imports can be allowed. She said that even though the surge in imports may be for three months, it can still hurt for the rest of the year. Speaking at another session of the PHD Chamber of Commerce and Industry (PHDCCI), she said that petroleum products can be included in GST, if states agree. “The provision is already available for petroleum products to be brought under the GST. My predecessor (Arun Jaitley) had already kept the window open. Once the states agree, we will have the petroleum products also covered under the GST,” the finance minister said. Five petroleum products — petroleum crude, motor spirit (petrol), high-speed diesel, natural gas and aviation turbine fuel have temporarily been kept out of GST. Sitharaman said that the government's focus is to ensure that the public expenditure continues to grow as it will have a desired multiplier effect on all the sectors. “For the last 3-4 years, there has been a consistent emphasis on public capital expenditure. This year’s Budget has seen a 30 per cent increase in capital expenditure. This is the first time in many years that the capital expenditure has reached double digits, making it the clear focus of this Budget,” finance minister said. She also highlighted that inclusion is an important pillar of the Budget. It also made a provision for the free-food programme and self help groups (SHGs) can ensure that the money is directed to the right places, generating multiplier effects. “There are more than 8.1 million women’s SHGs in the country. To ensure that these groups have greater access to resources, professional assistance, and market linkages, we are adding branding and market-finding activities to their portfolio. With these initiatives, we hope to enable true women’s empowerment, allowing them to scale up their activities. They can run a professional, profitable, and government-supported women’s group,” she said.
Source: Business-Standard
Prime Minister Narendra Modi on Wednesday spoke with his Spanish counterpart Pedro Sanchez and discussed ways to strengthen bilateral ties, specially in economy and trade. PM Modi said he looked forward to continuing close bilateral cooperation as part of India’s G20 Presidency. “Glad to speak with Prime Minister of Spain @sanchezcastejon . We discussed ways to further strengthen our growing bilateral relationship. Look forward to continuing our close cooperation as part of India’s G20 Presidency,” PM Modi said in a tweet in response the remarks of his Spanish counterpart. Sanchez conveyed Spain’s support for Indian G20 Presidency. “I have just had a fruitful conversation with the Prime Minister of India, @narendramodi. I have reiterated Spain’s support for the Indian #G20 presidency and we have agreed to continue strengthening our bilateral relations, especially in the areas of economy and trade,” he said in a tweet. Spanish Foreign Minister Jose Manuel Albares had visited India in June last year and held talks with External Affairs Minister S Jaishankar. India-Spain bilateral trade during January – December 2020 stood at USD 5.015 billion after crossing the USD 6 billion mark for the first time in 2018. India’s exports stood at USD 3.765 billion while imports stood at USD 1.51 billion. India’s top exports to Spain are textiles, organic chemicals, iron and steel, seafood, automobiles and leather and major imports are mechanical appliances, electrical machinery, chemicals, plastic and mineral fuels. (ANI)
Source: The print.in
The next round of negotiations for the proposed free trade agreement (FTA) between India and the UK is scheduled from March 20-24, commerce secretary Sunil Barthwal said on Wednesday. Barthwal said that talks are progressing and it was closed for 13 chapters. After the eight round of talks in March, it could be assessed that how many more rounds would happen and how much more time the talks would take to conclude. The last round of talks were concluded on February 10. India and the UK launched negotiations for the FTA in January last year with an aim to conclude talks by Diwali (October 24), but the deadline was missed due to political developments in the UK. There are 26 chapters in the agreement, which include goods, services, investments and intellectual property rights. Reduction or elimination of customs duty under the pact would help Indian labour intensive sectors like textiles, leather, and gems and jewellery to boost exports in the UK market. The UK is seeking duty concessions in areas like Scotch whiskey and automobiles. About the trade pact with European Union (EU), Joint Secretary in the department of commerce Nidhi Mani Tripathi said that the commerce secretary and EU's Director General (Trade) will meet in August to review the progress of the talks. Both have met last on January 24. The fourth round of talks for negotiations is scheduled from March 13-17. Both sides have agreed to discuss and finalise modalities for exchange of offer in goods and services during the fourth round of talks. When asked about the new foreign trade policy, the secretary said that work is going on and it will be released in April. On cutting down non-essential imports, he said the ministry is holding meetings with different departments on this issue. "We are also sharing data with them," he added. The government had extended the existing Foreign Trade Policy (FTP) till March 31, 2023. FTP provides guidelines for enhancing exports to push economic growth and create jobs.
Source: The outlook India
A delegation from the Puducherry Industrialists Association on Wednesday met Chief Minister N. Rangasamy and sought his intervention in framing a new industrial policy, taking into consideration the plan of action initiated by States and other Union Territories to attract investment The members submitted a detailed memorandum to the Chief Minister listing ten demands for the cabinet to consider as measures to arrest the slide in industrial activity following migration of industries to the rest of the country, and due to the closure of textile mills. The delegation requested the government to take a decision on reimbursement of SGST by the Industries Department for new industries for five years or to the value of actual investment made, provision for concessional power tariff as given by Daman and Diu administration, and exemption from property tax for 10 years. Urging the government to take a cue from neighbouring States on concessions for entrepreneurs, the delegation urged the government to ensure 35% investment subsidy without any ceiling, 50% concession of approval charges levied by Puducherry Planning Authority and reimbursement of stamp duty. The government should also study the Industrial Policy of Andhra Pradesh and Telangana governments. Both the governments ensure online clearance for projects within 21 days, the memorandum said. “Administrative delay for approval causes enormous hardship to those interested in setting up ventures. It delays commencement of production, sales and puts the burden of additional interest payment on them. The officers should be made accountable for the delay,” the memorandum said. The memorandum also highlighted the difficulties faced by industrialists due to dependence on other States for supply of raw material and finding market.
Source: The Hindu
The state of Andhra Pradesh showcased its rich natural resources, large investments in infrastructure, land bank, and intensive reforms in rules and regulations at a successful investors meeting held today in Bengaluru. These efforts, taken together, position Andhra Pradesh as the state where abundance meets prosperity. The event is one of many such meets being organised in the run-up to the Global Investors Summit on March 3rd-4th 2023 in Visakhapatnam. Speaking on the occasion Gudivada Amarnath, Minister for Industries, Infrastructure, Investment & Commerce, IT, Handlooms & Textiles highlighted the state's export potential. The minister said, “According to LEADS Report 2022, the state's exports increased by 15.31% from the previous year in 2021–2022, classifying it as "Achievers" in the Coastal States. With the completion of new ports and also further development of infrastructure for the last-mile connectivity, the state’s share in exports can reach up to 10% of India’s total exports.” Addressing the investors Buggana Rajendranath, Minister for Finance, Planning, Commercial Taxes, Skill Development, Training & Legislative Affairs assured the investors of the fast-paced implementation of projects in the state. “We strongly believe reducing the time to start a business will have a significant impact on the manufacturer’s profitability. The state is building numerous plug-and-play facilities which will have ready-built factory sheds with quality power and water supply and help speed up setting up of manufacturing units,” said the minister. Amarnath also added that in the last 3.5 years, the state has approved investments to the tune of Rs.1.9 lakh Crore. “That would go on to create employment for around 90,000 people in the state in the future,” he said. Key functionaries from various departments, ministries, and state government institutions had an open interaction with the investing community in Bengaluru today. Promising to handhold potential investors and facilitate the fastest turnaround time the presentations showcased the present and upcoming infrastructure and the conducive policy environment of the state. Manufacturing, food processing, ports, IT and Electronics, handlooms, and textiles sectors attracted significant interest at the event. Andhra Pradesh is India’s gateway to the southeast with its 974 km long coastline, the second longest in the country, 6 existing ports, and 4 upcoming ports. However, it has also emerged as the fastest-growing state in India, as per the number released so far, with double-digit growth of 11.43% in 2021-22. The state has embarked on a rapid growth path under the able leadership of YS Jagan Mohan Reddy, Chief Minister. Thanks to the governance reforms and formulation of investor-friendly policies by the government, the state has emerged on top in terms of ease of doing business (EoD) for three consecutive years Consistent improvement in the governance framework to create hassle-free investing is augmented by hard infrastructure as three of the country's eleven industrial corridors are being built in Andhra Pradesh alone. The improvements have been duly recognised and the state has received various awards over the last one year alone. To name a few the LEADS award for logistics 2022, the Inertia Award for Energy 2022, the ET award for port-led, and the infrastructure project 2022. The event was also graced by the key functionaries of state government including Dr. Srijana Gummalla, IAS, Director of Industries, Commerce & Export Promotion Vice Chairperson & Managing Director AP Industrial Infrastructure Corporation CEO, AP Economic Development Board, Sri. L Sridhar Reddy, CEO, AP Food Processing Society; Ravindranath Reddy, Deputy CEO, AP Maritime Board; Smt. K Sunitha, IAS, Principal Secretary, Handlooms & Textiles Government of Andhra Pradesh.
Source: Times now news
The Rajasthan Export Promotion Council (REPC) has signed MoUs with local and overseas industry chambers to promote the Rajasthan International Expo to be held in Jodhpur from March 20-22, an official said. REPC Chairman Rajeev Arora in a statement said that the council is making every effort to ensure that the first edition of the international expo is successful. Recently, REPC has signed several memoranda of understanding with chambers of commerce both domestically and abroad to promote the expo in a big way, Arora said. REPC has signed MoUs with the National US India Chamber of Commerce, the Ural Chamber of Commerce, Russia, as well as the Global Business Federation Middle East, UAE, to promote the expo and ensure maximum participation and facilitate networking among institutions, businesses, and professionals. The council has also entered into memoranda of understanding with prominent business organisations Aaroh (Amazon Web Services) and FORTI, he added. In a statement, Arora said that for the upcoming expo at the Trade Facilitation Centre at Boronada, Jodhpur, invitations have been extended to thousands of buyers from 38 countries. The expo will feature five domes in an exhibition area of 20,000 square metres, with a total of 318 stalls. A wide range of products ranging from handicrafts and furniture to textiles and garments, agri-food, kitchenware and material ware, engineering goods, ceramics, and other products will be displayed at these stalls.
Source: The print.in
India’s trade deficit in January hit its lowest in a year at $17.75 billion, as both merchandise exports and imports contracted for the second consecutive month amid tepid external demand and a sharp decline in gold imports. Merchandise exports dropped 6.5 per cent year-on-year (YoY) to $32.91 billion last month following a slowdown in demand from key developed economies due to monetary policy tightening and high inflation, data released by the commerce and industry ministry showed on Wednesday. On a sequential basis, the decline was 4.5 per cent. Imports contracted 3.6 per cent YoY to $50.66 billion. The decline was sharper on a sequential basis at 13 per cent. This was due to a combination of factors such as the government’s curbs on non-essential imports, weak domestic demand, and easing commodity prices. Gold imports, which significantly contribute to the widening of the current account deficit (CAD), declined 70.7 per cent to $697 million. Amid rising risks to external demand, the government is concerned about the CAD, bringing the focus back on curbing non-essential imports such as gold. Commerce Secretary Sunil Barthwal, however, said a drop in imports was a “good signal”. It indicated that the ‘Make in India’ programme was succeeding, he added. During the April-January period, exports grew 8.5 per cent to $369.25 billion, while imports rose 21 per cent to $602.20 billion on a cumulative basis. Barthwal told reporters that the government was optimistic that the cumulative growth momentum would continue despite strong global headwinds. “The overall export growth (merchandise plus services) in the current financial year is about 17.33 per cent. The main engine behind this export growth is the services sector, which has been growing at a historically high growth rate of about 30 per cent,” he said. Aditi Nayar, chief economist at ICRA, said the lower oil import bill sequentially had pulled down the trade deficit. “This will help in reducing the current account deficit in the March quarter. We believed that while the CAD peaked in Q2 (JulySeptember), it is expected to moderate sequentially in Q3 (October-December) and Q4 (January-March),” she added. India’s merchandise exports witnessed annual contraction in 19 out of 30 sectors in January. Key export items that witnessed a decline in January include gems and jewellery (19.28 per cent), drugs and pharmaceuticals (2.62 per cent), chemicals (4.57 per cent), engineering goods (9.8 per cent) and readymade garments (3.48 per cent). Among sectors that experienced growth include electronic goods (55.54 per cent) and petroleum products (8 per cent). Non-petroleum and non-gems and jewellery exports, also known as core exports, fell 8.12 per cent in January to $25.35 billion. Core imports contracted nearly 4 per cent to $33.56 billion. A Sakthivel, president of the Federation of Indian Export Organisations (FIEO), said that though the coming months are going to be challenging, unless both global economic growth and geopolitical situation improves drastically. “However, we will be on course to cross the previous year’s export target quite easily, touching almost $440-445 billion with growth of over 4-5 per cent this fiscal year,” he added.
Source: Business-Standard
The next round of negotiations for the proposed free trade agreement (FTA) between India and the UK is scheduled from March 20-24, commerce secretary Sunil Barthwal said on Wednesday. Barthwal said that talks are progressing and it was closed for 13 chapters. After the eight round of talks in March, it could be assessed that how many more rounds would happen and how much more time the talks would take to conclude. The last round of talks were concluded on February 10 India and the UK launched negotiations for the FTA in January last year with an aim to conclude talks by Diwali (October 24), but the deadline was missed due to political developments in the UK. There are 26 chapters in the agreement, which include goods, services, investments and intellectual property rights. Reduction or elimination of customs duty under the pact would help Indian labour intensive sectors like textiles, leather, and gems and jewellery to boost exports in the UK market. The UK is seeking duty concessions in areas like Scotch whiskey and automobiles. About the trade pact with European Union (EU), Joint Secretary in the department of commerce Nidhi Mani Tripathi said that the commerce secretary and EU's Director General (Trade) will meet in August to review the progress of the talks. Both have met last on January 24. The fourth round of talks for negotiations is scheduled from March 13-17. Both sides have agreed to discuss and finalise modalities for exchange of offer in goods and services during the fourth round of talks. When asked about the new foreign trade policy, the secretary said that work is going on and it will be released in April. meetings with different departments on this issue. "We are also sharing data with them," he added. The government had extended the existing Foreign Trade Policy (FTP) till March 31, 2023. FTP provides guidelines for enhancing exports to push economic growth and create jobs
Source: Economic times
India’s exports in January dipped by 6.58 per cent to $32.91 billion compared to $35.23 billion in the same month last year, data from the commerce ministry showed on Wednesday. Merchandise exports in December 2022 stood at $34.48 billion. Imports in January saw a decline of 3.63 per cent to $50.66 billion, as against $52.57 billion in January 2022. Merchandise imports in December 2022 stood at $58.24 billion. Trade deficit in January stood at $17.75 billion from $23.76 billion in December. During April-January this fiscal, however, the country's merchandise exports rose by 8.51 per cent to $369.25 billion. Imports during the period increased by 21.89 per cent to $602.20 billion. India's external position remains stable with narrowing of merchandise trade deficit, higher services exports and more than-expected remittance growth. Reserve Bank of India governor Shaktikanta Das expects India to get more overseas inflows and the current account deficit to ease hereon. The situation has shown improvement in the third quarter as imports moderated in the wake of lower commodity prices, helping merchandise trade deficit to narrow.
Source: Economic times
INTERNATIONAL
RePEaT Co., Ltd. announced today that it has signed an agreement to license its chemical recycling technology for polyester products to Zhejiang Jianxin Jiaren New Materials Co., Ltd., as the world’s first company to be licensed by RePEaT. RePEaT is a joint venture established last month by Teijin Limited, JGC Holdings Corporation and ITOCHU Corporation to license recycling technology based on Teijin’s expertise in dimethyl terephthalate (DMT), JGC’s expertise for general engineering in plant construction, and ITOCHU’s global network spanning diverse industries. Zhejiang Jianxin, established in 2022, is a member of the Jinggong Holding Group, which operates businesses in China focused on environmental management in the steel, textile, building materials and beverage sectors. Under the group, there is Zhejiang Jiaren New Materials Co., Ltd., who is specialized in operating chemical-recycling plants. RePEaT will provide a technology that uses the organic compound DMT for the chemical decomposition, conversion and then repolymerization of polyester (PET). Zhejiang Jianxin will use the technology in a polyester-product recycling plant it plans to start up in Shaoxing, Zhejiang Province next year. RePEaT supports the implementation of resource-recovery mechanisms (ecosystems) for the recycling of polyester products to help reduce CO2 emissions in both the manufacture and eventual disposal of polyester clothing. The company is also working to reduce the environmental impact of its own supply chain to contribute to a more sustainable world.
Source: Textile world
The Nigerian fashion sector is important to the nation’s economy and plays a crucial cultural role. Nigerians are renowned worldwide for their eye-catching, frequently Ankara-made casual attire. However, formal and traditional attire are also often seen throughout the nation. The variety of clothing coming from various regions of the country typically reflects the ethnic diversity of the nation. Which Nigerian clothing are now in style. Women’s trousers in Nigeria come in a variety of shapes, styles, designs, colors, and materials. Nigerian women dress in basic colors or with muted patterns or prints for formal occasions and places. The various tribes and communities in Nigeria used to dress during ceremonies that frequently included some kind of trousers for the men. It is a common Nigerian outfit that still exists, albeit most have been replaced by contemporary fashion. Nigerian women’s blazers are one example of how heavily western design has influenced local style there. These fashionable women’s jackets and blazers today closely resemble blazers from other parts of the world. Nigerians frequently dress in the traditional coats and jackets seen in many other nations throughout the world when attending formal events. The Nigerian influence becomes apparent in informal situations. Coats are frequently made from striking Ankara fabrics and range in length from the waist to the knee. Rich Nigerian guys are frequently spotted with long Ankara coats on. Nigerian women also wear shorts made of various textiles, however, they are less widespread than in Ankara. These shorts look well with a variety of t-shirts, blouses, and tops. Nigeria is well recognized for its traditional Buba and Sokoto shirts. Despite their continued importance to the nation’s fashion sector, standard shirts manufactured of cotton, polyester, and Ankara are more often used. Men’s shirts come in a variety of styles, with the round-collar and traditional collar designs being the most popular. The sleeves and lengths of the shirts differ as well. One of the most popular outfit combinations is a long round-collar shirt with a pair of plain-colored pants. Talking about fashion and style for women in Nigeria in 2023 would be incomplete without mentioning the nation’s clothing. Nigerian ladies used to wear native long gowns made of diverse textiles as their clothing decades ago. These modern Nigerian clothing patterns, which come in a variety of designs, hues, lengths, and styles, predominately use Ankara. Nigerian clothing is available in a wide variety of styles, hues, and materials. Despite being known for its Ankara clothing, the nation’s fashion sector also incorporates features from other cultures. From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more. We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us for immediate removal.
Source: The nnn.ng
INDA announced that registration and tabletop exhibit reservations are open for the 17th edition of the World of Wipes (WOW) International Conference. WOW 2023 will take place July 17-20 at the Atlanta Marriott Marquis in Atlanta, Georgia. WOW 2023 will feature the latest wipes intelligence on the Energy Crisis, Coping with Inflation, Supply Chain Challenges from material availability to import pressures, Market Trends, Plastics Issues such as single use plastics, renegade plastics and microplastics, Sustainability and Traceability from sourcing to end-of-life, Private Label vs. Brand, and Flushability Developments including legislative and labeling efforts, collection studies, and regulatory topics. The event includes 11+ hours of networking with industry influencers, thought leaders, and C-suite executives. In addition to two nights of tabletop displays and receptions on July 18 and 19, a highlight of WOW 2023 will be Lightning Talks. Tabletop exhibitors will give “supersized elevator speeches” for five minutes. Participants will have the opportunity to follow up with tabletop exhibitors during the reception. WOW 2023 begins with the WIPES Academy, July 17-18, led by Heidi Beatty, Chief Executive Officer, and her team of wipes professionals from Crown Abbey LLC. Participants will gain insights from product concept to commercialization. Participants will also develop insights about materials, design, manufacturing, packaging, and cost implications for industrial, institutional and consumer wipes applications. Nominations are being accepted for the World of Wipes Innovation Award®. Eligible product categories include raw materials, roll goods, converting, packaging, active ingredients, binders, additives, and end-use wipes. The deadline for submissions is Friday, May 5th. Finalists will make their presentations to hundreds of decision-makers Tuesday, July 18th, with the Award being presented Thursday morning, July 20th. INDA is pleased to thank Cotton Incorporated and Rockline Industries for being WOW 2023 sponsors. To register, reserve a tabletop display or sponsorships, visit WOW 2023 – https://www.worldofwipes.org/index.html.
Source: Textile world
