The government on Thursday said eight state legislative assemblies have passed their respective State Goods and Services Tax (SGST) Bills so far, after Parliament approved the four GST laws on March 20. Of the five GST-related laws, four were to be cleared by Parliament while SGST laws require to be cleared by state and Union Territory (UT) assemblies. While Haryana passed the law on Thursday, Madhya Pradesh and Uttarakhand assemblies cleared the law earlier this week. Telangana, Bihar, Rajasthan, Jharkhand and Chhattisgarh passed the Act last month, clearing the decks for the July 1 roll-out of the nex tax regime. “The remaining states and UTs, which have legislative assemblies, are likely to pass the SGST Bill in their respective assemblies before the end of this month, except one or two states which may pass the same early next month,” the government said. In the winter session, Parliament had approved four GST Acts namely Central Goods and Services Tax (CGST), Integrated Goods and Services Tax (IGST), Union Territories Goods and Services Tax (UTGST) and GST Compensation Bill. The GST Council has so far approved a set of nine rules related to GST while the drafts of the remaining set of five rules are likely to be approved by the council in its next meeting. The quick passage of SGST by the different state assemblies in a time-bound manner shows the keenness on part of the states to ensure that implementation of the GST in letter and spirit is not further delayed…, the government said. It added that revenue department officials of both state and central governments have started the outreach programme to create awareness among the people at large and stakeholders in particular.
Source: Financial Express
NEW DELHI: Finance Ministry today said the next meeting of the GST (Goods and Services Tax) Council will take place on May 18-19. The meeting will held in Srinagar, Jammu and Kashmir. This round of meeting to be headed by Finance Minister Arun Jaitley is scheduled to finalise the rates of different commodities and services. It will also approve rates of remaining items. The Council has already approved half of the rules that are required for rolling out of GST from July 1. It has also approved to amend the five rules on registration of entities under GST, filing of returns, payment of tax and refund, invoicing and debit and credit notes in consonance with the GST law approved by parliament in March.
Source: Economic Times
The Asian Development Bank (ADB) today lauded Prime Minister Narendra Modi’s effort of integrating indirect taxes through the GST, even as it wants the Indian market to be more “deregulated” and FDI friendly to realise the true potential. Ahead of its 50th annual meeting to be attended by the finance ministers and central bank governors of the member nations, ADB President Takehiko Nakao said unlike China, India is yet to reach its full potential. ADB has forecast India’s economic growth rate at 7.4 per cent in the current fiscal year, up from 7.1 per cent in the previous year, and pegged 7.6 per cent for the next fiscal. “India has very strong potential but its markets should be more integrated. The power of state governments must be balanced with the Central government’s power,” he told reporters here. Without explaining what he meant by the integrated market, Nakao said, “An integrated Indian market, which is more deregulated and more welcoming to foreign direct investments, should be linked to other parts of Asia and the world.” Market integration, by definition, occurs when prices among different locations or related goods follow similar patterns over a long period of time. He said the emerging orientation in developed nations like the US for protectionism on trade is not affecting Asian growth and certainly has not been a factor in deciding India’s growth projections. The ADB president said there was an impact of the Indian government’s demonetisation decision, which took 86 per cent of currency out from circulation. “But that is now stable,” he added. “Prime Minister Modi’s effort of integrating tax system by the GST (Goods and Services Tax) is being implemented. So, the reform impetus is gathering more momentum,” he added. On protectionism, he said one of the reasons Asian economies have been growing is that they have enjoyed from open free trade system and Asian countries have made efforts shifting from more interventionist to enterprise focused. The impact of new agreements like the Trans-Pacific Partnership (TPP) and the UK exiting the European Union will have to be watched out for, he said. “I think there are many efforts also to make trade system more open including the RCEP,” Nakao said. Also, there are efforts to strike bilateral deals, which he said, were not a “major threat.” “My short answer at this moment is, I don’t think protectionism is affecting our growth projections although we must make efforts to keep up the momentum of further opening of trade,” the ADB president said.
Source: The Hindu
US acting ambassador MaryKay Carlson on Thursday said that US is looking to address issues with India on enhancing the protection and enforcement of intellectual property rights, rationalising taxes and tariffs, and harmonising standards with international best practices. Carlson, in her remarks at the American Chamber of Commerce in India’s annual general meeting, said, “Looking ahead, we are positive about the transformative potential of our commercial relationship with India. As India seeks to promote domestic manufacturing, create jobs, and attract investment, it is important to recognise the crucial role that open trade plays in this process. For this reason, we must work with our counterparts in the Indian government to identify policies and practices that can further improve ease-of-doing-business in India and incentivise trade.” “This includes addressing issues such as enhancing the protection and enforcement of intellectual property rights, rationalising taxes and tariffs, and harmonising standards with international best practices. We will continue to engage in dialogue with the Government of India on each of these issues, and we welcome AmCham’s continued support in guiding the conversation,” she said. Looking back over the past decade, she said that both nations have made substantial progress in improving bilateral trade ties. “Two-way trade in goods and services between the United States and India reached more than $114 billion last year. This represents a three-fold increase from 2005. Foreign investment has also risen to unprecedented levels, with total FDI flows between the US and India at $37 billion in 2016,” Carlson said. “We are excited about the growing commitment from the Government of India to implement pro-business reforms that could boost two-way trade and investment even further. We hope reforms such as the Goods and Services Tax and the Bankruptcy and Insolvency Code will reduce long-standing challenges to doing business in India,” she added.
Source: The Indian Express
The Tirupur cluster of garment units has caught the attention of states such as Telangana and Odisha, which plan to replicate some of the successes of the textile town. According to sources, officials from Odisha textile handloom industries department recently made a visit to Tirupur to have a first-hand information and the cluster’s successful operation over the years. The Odisha government, which came out with a dedicated apparel policy early this year, has not only sought the help of Tirupur Exporters’ Association (TEA) in drawing up its strategy but also in setting up training and skill development institutes. Recently, the Odisha government had set up an apparel park near Bhubaneshwar and plans to have two more such parks in the state, the sources said. On the other hand, Telangana IT minister KT Rama Rao has taken a great deal of interest in creating such clusters in the state. He is also believed to have met Union textiles minister Smriti Irani and has sought her help in creating such clusters to capitalise on the state’s rich cotton crop cultivation. Cotton is the major commercial crop of Telengana and the state government has thrown in incentives under its textile policy to woo investments from garment units in Tirupur to set up similar units in the cotton-growing districts of Warangal, Karimnagar, Medak, Khammam. The officials of both the states have appealed to big garment units in Tirupur such as Dollar, Lux and Rupa to invest in their respective states.
Source: Financial Express
Huge discounts offered by online platforms is a major challenge that Indian apparel retailers and manufacturers encounter today, according to Manjula Gandhi, Chief Product Officer (CPO), Numero Uno Clothing Ltd. With apparel retailers and brands offering price cuts online, Indian consumers are addicted to discounts, she believes. "Apparel retailers have a huge investment in the store and they cannot offer such big discounts as online outlets do. It is definitely hurting them a lot," said Gandhi in an interview with Fibre2Fashion. The growing working class in India enjoys the comforts of shopping without having to visit the store. Besides that, Indian consumers prefer to buy the same product online, even if available at a meager discount of 10 per cent, than in-store, she reasons. "For in-store retailers in India who pay high rents and need to maintain good margins, it is not possible to provide discounts," she added.
Source: Fibre2Fashion
Mumbai: Zara owner Inditex SA, the world’s largest fashion retailer will open fewer but much bigger stores in India, a global spokesperson said on Thursday. In contrast, main rival Hennes & Mauritz AB has been opening one store a month on an average since launch in India in October 2015. Zara, opened its largest store in India on Thursday spanning across 51,300 sq ft within an heritage listed building at Hatuma Chowk Square (Fort area), Mumbai. “Globally we are not opening many stores. We are opening larger stores. This is something you can expect in India as well,” said a global spokesperson in an interview following the store opening in Mumbai. The Spanish retailer has been in India since 2010 in a joint venture—Inditex Trent Retail India Pvt. Ltd—with the Tata group’s hypermarket and department stores retail company Trent Ltd. The JV has 22 stores across its two brands—20 Zara and two Massimo Dutti stores according to its press statement shared on Thursday. H&M has 16 stores in 18 months of operation in India. The Swedish fashion apparel company plans to open four more by the end of the year, said an H&M India spokes person. The retailer has already opened an high street store of close to 30,000 square ft at Connaught Place, Delhi. To be sure, brands are becoming flexible and looking at high street to open stores as they have already established a presence in leading malls in the large cities. Also high streets are reinventing themselves to become hi-end retail destinations. “In markets like south Mumbai and central Delhi there is no organised retail coming up. However these areas present high customer spending potential,” said Pankaj Renjhen, managing director, retail services, Jones Lang LaSalle, a real estate consultancy firm. According to Renjhen, brands are now willing to look at high street to cater to that segment. The two fast fashion retailers also differ in their views on online retail. Zara will be launching its online portal by the end of the year, said the global spokesperson. The online channel will help the brand to expand its presence beyond the metros to smaller cities and semi-rural areas. Small towns and rural has been one of the growth drivers of online retailing in India. Meanwhile, H&M is in seven cities and is looking at tier II and tier III cities as well. However, the retailer does not have plans to start an online store. “For now the focus is on opening more stores,” said the spokesperson. Zara is one of the fastest growing apparel and lifestyle brands in India and had a revenue of Rs842.57 crore in the year ended 31 March 2016, up 17% from the previous year. H&M is still to report revenues for a complete year of operations in India. India’s apparel market is expected to grow at 12% to $67 billion in 2017 from $60 billion in 2016, according to Harminder Sahni, founder and managing director of retail consultancy Wazir Advisors.
Source: Livemint
AHMEDABAD: City-based denim garments maker and Star export house Globe Textiles (India) is looking to raise ₹10-11 crore through its initial public offering on the NSE’s SME platform Emerge. The company last week filed the draft prospectus for the same and is looking to list the shares later this month on the stock exchange, said a top company official. Globe Textiles started operations in 2008 with exports of dyed and printed fabric, chiefly sarongs and scarves. The company expanded its product portfolio by adding home textiles, denim fabric and washed denim garments. Working capital needs “We are planning to raise ₹10-11 crore through the SME IPO. This will be primarily for working capital requirement, general corporate purposes and IPO expenses,” Bhavin Parikh, CEO, Globe Textiles, told BusinessLine. The offer includes a fresh issue of 13.68 lakh equity shares and an offer-for-sale of 13.2 lakh shares. The issue price is yet to be announced. Hem Securities is the lead manager to the issue. The company has achieved a CAGR of about 30 per cent between 2011-12 to 2015-16. In the domestic denim garments market, the Star export house is trying to make its mark through its home-grown brands — IndiGen and IndiGirl, which are currently sold through third-party e-commerce portals. 70% revenue from exports “Gradually, we will see the share of our domestic revenue to total earnings rise from the current 30 per cent. Denim is outperforming other segments in growth and with increased acceptance of the products, we see this segment growing further in the domestic market. Currently, the denim segment has 40-45 per cent share in our revenues,” said Parikh. The company’s revenues for March 2016-17 stood at ₹190 crore, growing 10 per cent year-on-year. Exports to Europe and Gulf account for 65-70 per cent of total revenues. Globe Textiles’ denim garments capacity stands at two lakh pieces a month. It has factories at Khokhra, Ahmedabad, and another one at Piplaj near Gandhinagar.
Source: Business line
When in the 1980s, singer Madonna was seen in mesh or sheer lace dresses, it gave way to a whole new type of sheer look. Later, the trend resurfaced, when Rihanna, at the 2014 CFDA red carpet, wore an Adam Selman dress, covered in 216,000 Swarovski crystals, which the paparazzi crowned as the “Naked dress.” This year has seen the reinvention of sheer, from runways in Milan, Paris, New York and New Delhi. From hemlines, tops with sheer insets, bralets worn under sheer overlays to sheer in Indianwear, be it embellished sheer blouses or sheer saris — here’s why the trend refuses to go out of fashion.
Sheer, the fabric
Designers love sheer. It adds elegance and sexiness to the simplest of outfits, they say. “It has been a part of a few seasons but every time underwent innovation on the runway,” says designer Ridhi Mehra. It has evolved over the years, says designer Pallavi Mohan. “Textures have been created, mesh from Korea has taken over and handloom Chanderi has been given makeovers to fit into the trend,” she adds.
How to get it right
Sheer is a tricky trend but what’s important is how you layer it. “Layering a sheer top with the right inner is important. The inner wear should not look like a lining but a garment in itself,” suggests Mohan. Inners with lace details, rich lingerie, or a bralet inside an embroidered sheer top is how you can team it right. Polyester inners and bralets are something one should avoid.
Sheer takes over Indian wear
Sheer adds a bit of glamour and sexiness to any outfit. Designer Ridhi Mehra recommends Indianwear panelled with sheer. “For Indianwear, you have to balance the traditional and sheer elements. Sheer sleeves or a panel is easy to carry,” adds Mehra.
Source: India Tribune
PMO directs Ministries and Departments to identify areas where action is possible India has decided to pro-actively find ways to counter possible moves by the Donald Trump administration to block Indian exports as part of the US Trade Department’s review process of the 16 nations with which the US has a trade deficit. The Prime Minister’s Office has asked all Ministries and Departments to take note of items from their respective sectors that are imported from the US and which could be restricted through various means if required, a government official said. “Since seeking a resolution at the World Trade Organisation is time-consuming, we need a back-up plan in case the US takes unwarranted steps to check imports from India. We have to be prepared to counter the move with similar measures,” the official said. However, it might not be an easy exercise for India to identify imports from the US where there is a possibility of imposing restrictions. “We import a lot of high-tech goods from the US. We absolutely need these items and there is little scope to impose restrictions here,” the official added. “Similarly, we import a variety of fruits and vegetables where we have already imposed high import duties. Finding additional ways to curb these will also be difficult,” the official noted. Import restrictions can be imposed through non-tariff measures, for instance, by rejecting consignments on grounds of low quality and standards. “The fact remains that the Indian industry is more vulnerable than the American industry as we export much more to the US than we import. For instance, our sectors such as textiles and leather, which are labour-intensive, can take a big hit if the US decides to make its import policies unfavourable,” the official said. Early last month, Trump signed an executive order launching a 90-day investigation of countries, including India, against which the US runs a bilateral trade deficit. Assistant US Trade Representative Mark Linscott, in his recent discussions with officials from the Commerce Ministry in New Delhi, reiterated that his government would seriously look at the $24 billion trade deficit it has with India and find ways to address the situation. New Delhi, however, has some time to prepare for any unfavourable action from the US as the review process by the US Commerce Department could stretch up to June-end. Given the fact that it is China that contributes to half of the country’s total trade deficit — $347 billion of the total $648 billion — it could be Beijing, and not New Delhi, that faces the most severe measures, the official said.
Source: Business Line
No one knows yet if the implementation of the goods and services tax (GST) will be inflationary. The Government would like us to believe it will not be. Because multiple taxes at the Central and State levels are to be subsumed into GST, and full credit allowed for taxes paid through the value chain to businesses, the cascading effect would mostly end when the new taxation regime replaces the existing one. The lower impact of cascading taxes would normally have a calming effect on prices and even lower several prices, thus cooling inflation. Taxes on services would be higher and so there would be some inflationary push from services consumption. However, consumption is not limited to tax-paid items and services from the formal sector. A large part of the economy is cash-based, where invoices are rarely issued by the seller of goods or provider of services. This holds true for business-to-consumer transactions and for business-to-business also. Many businesses choose to buy from such vendors as it means getting things cheaper. GST disincentivises evasion and increases compliance. Vendors who are not GST-compliant run the risk of losing business because those buying from them will not get input credit for taxes paid. Therefore, to protect their business and maintain revenue growth, it is expected many vendors will embrace GST. While that would be good for the entire value chain, someone must bear the taxes on all such goods and services. Since GST is a consumption tax, it will be the final consumer of that good or service, namely, the household that would bear the tax. That could push up the prices of some items in the household basket. Consequently GST, even after lowering taxes on many items, may increase the inflationary pressure felt by a household — particularly by those in the lower income groups that are more likely to be consumers of informal sector goods and services.
Source: Business Line
Coats, the world’s leading industrial thread and yarn manufacturer, is showcasing some of its pioneering products on a single, consolidated stand at Techtextil, the leading international trade fair for technical textiles and nonwovens for use in textile technologies, to be held in Frankfurt, Germany, from May 9 to 12, 2017, in hall 4.1, stand B43. For the first time at Techtextil, Coats is bringing together its Performance Materials and Apparel and Footwear products on one stand. The stand is segmented into three core focus areas; ‘We are Experts’, ‘We are Innovators’, and ‘We are Pioneers’. It will also highlight the industry imperatives to which Coats responds; speed, innovation, responsibility, and quality. Coats is one of the sponsors of the Fashion in Orbit Project. The apparel on display will include Coats threads and Coats Signal reflective tapes which have been incorporated as decorative features. Innovation podiums on the stand will demonstrate some of the end uses of products. Two of them will display an exhaust cap, surf board fin, and also ‘paint’ applications featuring Synergex. Coats Synergex is a range of revolutionary composite fibres with high levels of hybrid fibre integrity and performance that can be processed into fabric form and used to mould strong, but lightweight, parts for industries including automotive and aerospace. Another innovation podium will feature Coats Magellan being used in resistive heating: by passing a current through the yarn and conductive material it can heat a surface area. Coats Magellan is a range of futuristic ‘smart’ yarns that can be used in cutting-edge textile technology including RFID; by integration in a tag it can send signals to a phone. Other products include Coats Aptan XTRU and Gral XTRU, engineered yarns designed to be braided into a protective cover over wiring harness systems used in heavy vehicles and machinery. They can withstand contact with chemicals and fuels as well as extreme mechanical stresses. One of the flagship products that will be showcased is Coats Epic. The variety of applications, quality, reliability, and colour range are just some of the reasons it is used in the production of more than one billion garments. There will be a range of anti-wick sewing threads for apparel end use that are free of perfluorinated compounds (PFCs). The PFC-free anti-wick finish prevents the capillary action of water transportation through thread in seams. For the first time, the stand will feature products from Gotex, a Spanish based company which designs and manufactures high performance fibres, yarns, and tapes used in the telecommunications, energy and oil and gas sectors, which was acquired by Coats nearly one year ago.
Source: Fibre2fashion
|
Item |
Price |
Unit |
Fluctuation |
Date |
|
PSF |
1080.55 |
USD/Ton |
-0.33% |
5/4/2017 |
|
VSF |
2266.98 |
USD/Ton |
0% |
5/4/2017 |
|
ASF |
2291.63 |
USD/Ton |
0% |
5/4/2017 |
|
Polyester POY |
1098.68 |
USD/Ton |
-0.98% |
5/4/2017 |
|
Nylon FDY |
2494.69 |
USD/Ton |
-1.15% |
5/4/2017 |
|
40D Spandex |
5366.48 |
USD/Ton |
0% |
5/4/2017 |
|
Polyester DTY |
1334.37 |
USD/Ton |
-0.54% |
5/4/2017 |
|
Nylon POY |
2799.27 |
USD/Ton |
0% |
5/4/2017 |
|
Acrylic Top 3D |
5816.10 |
USD/Ton |
0% |
5/4/2017 |
|
Polyester FDY |
1363.38 |
USD/Ton |
-0.53% |
5/4/2017 |
|
Nylon DTY |
2378.66 |
USD/Ton |
0% |
5/4/2017 |
|
Viscose Long Filament |
2465.68 |
USD/Ton |
0% |
5/4/2017 |
|
30S Spun Rayon Yarn |
2886.30 |
USD/Ton |
-0.25% |
5/4/2017 |
|
32S Polyester Yarn |
1682.46 |
USD/Ton |
0% |
5/4/2017 |
|
45S T/C Yarn |
2683.24 |
USD/Ton |
0% |
5/4/2017 |
|
40S Rayon Yarn |
1842.01 |
USD/Ton |
0% |
5/4/2017 |
|
T/R Yarn 65/35 32S |
2248.12 |
USD/Ton |
0% |
5/4/2017 |
|
45S Polyester Yarn |
3031.34 |
USD/Ton |
-0.48% |
5/4/2017 |
|
T/C Yarn 65/35 32S |
2349.65 |
USD/Ton |
0% |
5/4/2017 |
|
10S Denim Fabric |
1.35 |
USD/Meter |
0% |
5/4/2017 |
|
32S Twill Fabric |
0.85 |
USD/Meter |
0% |
5/4/2017 |
|
40S Combed Poplin |
1.18 |
USD/Meter |
0% |
5/4/2017 |
|
30S Rayon Fabric |
0.66 |
USD/Meter |
0% |
5/4/2017 |
|
45S T/C Fabric |
0.66 |
USD/Meter |
0% |
5/4/2017 |
Source: Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.14504 USD dtd 4/5/2016)
The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
Vietnam earned $6.403 billion from textile and garment exports in the first quarter of 2017. Of this, yarn exports accounted for $779.928 million while fabric and garment exports contributed the remaining $5.623 billion, according to the preliminary data released by the customs IT & statistics department, general department of customs, Vietnam’s ministry of finance. Fabric and garment exports from the Southeast Asian nation increased at 10 per cent year-on-year to $5.623 billion during January-March 2017. Of this, the US alone accounted for nearly 50 per cent or $2.721 billion, followed by Japan and South Korea with exports to these countries valued at $715.021 million and $617.506 million, respectively. Vietnam also exported 295,232 tons of yarn earning $779.928 million during the three-month period, registering an increase of 23.4 per cent and 29.5 per cent year-on-year, respectively, according to the data. Of this, China imported around 55 per cent or $430.912 million, followed by $28.631 million by India. On the other hand, Vietnam imported 323,854 tons of cotton and 202,829 tons of yarn, valued at $571.275 million and $418.435 million, respectively, during the three-month period under review. Fabric imports during the period were valued at $2.346 billion. Thus, Vietnam’s total spending on import of cotton, yarn and fabric amounted to $3.336 billion, which is more than half of the value of its exports. In 2016, Vietnam earned $26.770 billion from textile and garment exports. Of this, yarn exports accounted for $2.929 billion while fabric and garment exports contributed the remaining $23.841 billion. For the current year, Vietnam has set the target of achieving $30 billion in textile and apparel exports.
Source: Fibre2fashion
LONDON--(BUSINESS WIRE) The textiles and apparel manufacturing industry has always been one of the major causes for global environmental pollution. As the industry continues to thrive in emerging countries such as China and Bangladesh, how to tackle environmental pollution, especially water pollution has become one of the biggest issues faced by the industry. Details about how China and Bangladesh plan to fight against textile industry pollution are some of this week’s top stories on BizVibe. BizVibe is the world’s smartest B2B marketplace and allows users to discover high quality leads, contact prospects, and source quotes. Register today to connect with over seven million companies around the globe. China Takes Serious Actions Against Textile Polluters Chinese authorities are taking hard actions to fight against textile industry pollution as a recent report shows that enterprises and manufactures in China who caused serious pollution were fined a total of USD 38.3 million in the first quarter of 2017. Many of these enterprises and manufacturers were operating in China’s textile Industry. China received 33,000 tip-offs on environmental violations caused by enterprises and industrial manufacturers and issued fines worth over USD 963 million, detaining 720 people in more than 800 cases. Total fines were up by 56% compared to the previous year. Bangladesh Shows Strong Commitment to Tackle Textile Industry Pollution Water pollution is currently the number one challenge faced by the fast-growing textile and apparel industry in Bangladesh. Industrial pollution accounts for 60% of pollution in the Dhaka watershed, and the textile industry is the second largest contributor. Textile manufacturing in Bangladesh generates as much as 300 metric tons of wastewater per ton of fabric manufactured, with a suite of harmful chemicals. With the help of eco-friendly textile production program PaCT, Bangladesh has achieved several results in tackling textile pollution, including an allocation of $200 million for a Green Transformation Fund, which helps textiles and apparel manufacturers to implement environmentally-friendly processes and technologies.
Connecting with textile companies on BizVibe
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About BizVibe
BizVibe is home to over 7 million+ company profiles across 700+ categories. The single-minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we've designed a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.
Source: Yahoo Finance
The government's effort to lure textile manufacturers away from China to the archipelago is facing a rising threat from East African country Ethiopia, which is offering companies a competitive cost structure. Under an agreement with the United States, namely the African Growth and Opportunity Act (AGOA), Ethiopian exports are not limited by duties and quotas, said Indonesian Textile Association (API) chairman Ade Sudrajat in Jakarta on Wednesday. The country also has cheap labor and cheap electricity, as low as 4 US cents per kilowatt hour, he added. "China’s textile manufacturers are shifting their production overseas due to increased labor costs and air pollution. We want to attract them here. But some are already moving to Ethiopia," Ade said during a discussion on the textile industry. According to data from the Ethiopian Investment Commission, 124 foreign investors have expressed an interest in the Ethiopian textile sector, 71 of which are from China. Meanwhile, according to data from the Investment Coordinating Board (BKPM), investment realization in the Indonesian textile industry in 2016 decreased by 7.3 percent to Rp 7.55 trillion compared to 8.14 trillion in 2015. Foreign investors only contributed 42.5 percent in 2016, the lowest in six years. "Some of our members are actually already invested in Ethiopia," Ade said. (bbn)
Source: The Jakarta Post
Heimtextil aims to take the next step towards becoming a top innovation platform for textile solutions in architecture and hotel design. With the support of a think tank comprising members from across the world, the leading trade fair for home and contract textiles continues to expand its knowledge for the commercial segment. “Heimtextil offers an unbelievable range of products, incentives and networking opportunities for architects, interior designers and hoteliers. We aim to tease these out more from the overall portfolio of Heimtextil and prepare them in a way that suits current requirements within the industry. To this end, we have been in discussions with international experts and developed some exciting ideas,” commented Sabine Scharrer, Director of Heimtextil. The next edition of the trade fair will take place from 9-12 January 2018 in Frankfurt.
Current themes
In mid-April, five representatives from internationally renowned architecture and interior design studios met in Frankfurt am Main. They included Lisa Hassanzadeh (concrete architectural associates), Peter Ippolito (Ippolito Fleitz Group), Martin Lesjak (INNOCAD Architektur), Tamara Pallasch (Pallasch Interiordesign) and Ushi Tamborriello. Together, the expert team identified current themes in the industry and developed ideas aimed at giving architects and interior designers even more textile solutions and know-how suited to their needs at Heimtextil. Determining and highlighting the performance and variety of applications for textiles in architecture and contract furnishing is one of the main objectives of the think tank. “Textiles in all their facets are an essential and identity-forming component of our construction culture. Heimtextil, as the most important meeting place for the industry, has the opportunity and mission to offer more than just pure product presentation and be a relevant source of inspiration and driver of innovation in order to rediscover textile furnishing time and time again,” said Peter Ippolito, Managing Partner Ippolito Fleitz Group.
Selected offer
Heimtextil combines all its expertise in applications for textiles in architecture, hotel furnishing and fittings in the contract sector under the title Interior.Architecture.Hospitality. In addition to a high-quality programme of talks, this also includes industry-specific trade fair tours, a special exhibitor guide and a meeting point for architects, interior designers and hotel furnishers to network. The selected offer aims to provide architects and interior designers with targeted added value. “A curated selection of innovative textiles or technologies enables professional visitors to orient themselves and find inspiration within the broad range on offer,” said Ushi Tamborriello.
Participants
Architects fromthe following studios took part in the think tank for Heimtextil:
• Lisa Hassanzadeh is Partner and Head of Interior at the Dutch office of concrete architectural associates, where a team of 45 architects, interior designers and designers works. They see particularly creative potential in the interdisciplinary approach.
• Peter Ippolito is co-founder of the Ippolito Fleitz Group, a multi-disciplinary studio for design with its offices in Stuttgart, Shanghai and Berlin. The aim of the studio is to translate the complex identity of the customer into an appropriate design.
• Martin Lesjak is co-founder of INNOCAD Architektur in Graz. The studio's varied works in all fields of architecture and interior design are created through team work with internal and external partners based on a pragmatic and analytical approach. Works by INNOCAD have already been awarded numerous national and international architecture prizes.
• Tamara Pallasch and her Berlin studio Pallasch Interiordesign focus on individual interior design in the hotel and gastronomy segment, as well as on high-quality private interior designs including furniture design.
• Ushi Tamborriello and her team work primarily on the design of independent rooms: identity-forming locations with concentrated atmospheres that do justice to the needs of their users. The studio in Switzerland attracts attention mainly with its innovative hotels, spas and wellness facilities.
Source: Innovations in Textiles
