The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for a new skill development scheme covering the entire value chain of the textile sector excluding Spinning & Weaving in organized Sector, titled "Scheme for Capacity Building in Textile Sector (SCBTS)" from 2017-18 to 2019-20 with an outlay of Rs. 1300 crore. The scheme will have National Skill Qualification Framework (NSQF) compliant training courses with funding norms as per the Common Norms notified by Ministry of Skill Development and Entrepreneurship (MSDE). The objectives of the scheme are to provide demand driven, placement oriented skilling programme to incentivize the efforts of the industry in creating jobs in the organized textile and related sectors; to promote skilling and skill up-gradation in the traditional sectors through respective Sectoral Divisions/organizations of Ministry of Textiles; and to provide livelihood to all sections of the society across the country.
The skilling programmes would be implemented through:
• Textile Industry /Units in order to meet the in-house requirement of manpower;
• Reputed training institutions relevant to textile sector having placement tie-ups with textile industry/ units; and
• Institutions of Ministry of Textiles /State Governments having placement tie-ups with textile industry/units.
The scheme will broadly adopt the following strategy:
(a) Job role wise skilling targets will be based on skill gap identified for various levels i.e. Entry level courses, Up-skilling/ Re-skilling (supervisor, managerial training, advanced courses for adapting technology etc.), Recognition of Prior Learning (RPL), Training of Trainers, Entrepreneurship Development.
(b) Segment Wise/ Job role wise requirement of skill needs will be assessed from time to time in consultation with the industry.
(c) Web-based monitoring will be adopted for steering every aspect of implementation of the programme.
(d) Skilling requirement in the traditional sectors such as handlooms, handicrafts, jute, silk etc. will be considered as special projects through respective Sectoral Divisions/organizations.
Skill upgradation will be supported further for entrepreneurial development through provision of MUDRA loans.
(e) With a view to make outcomes measurable, successful trainees will be assessed and certified by an accredited Assessment Agency.
(f) Atleast 70% of the certified trainees are to be placed in the wage employment. Post Placement tracking will be mandatory under the scheme.
(g) Acknowledging the high levels of employment of women in the sector post training, all partner institutions will be required to comply with the guidelines regarding Internal Complaints Committee to be constituted under the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 to become eligible for funding under the scheme.
The scheme will be implemented for the benefit of all sections of the society across the country including rural, remote, LWE affected, North East, J&K by imparting skills in the identified job roles. Preference will be given to various social groups, SC, ST, differently abled, minorities and other vulnerable groups. Under previous scheme of skill development implemented by the Ministry of Textiles in the XII Plan period, more than 10 lakh people have been trained of which more than 70% were women. Considering that the apparel industry, a major segment to be covered under the scheme, employs majorly women (about 70%), the trend is likely to be continued in the new scheme. 10 lakh people are expected to be skilled and certified in various segments of Textile Sector through the scheme, out of which 1 lakh will be in traditional sectors.
Background:
The Integrated Skill Development Scheme (ISDS) was introduced by Ministry of Textiles as a pilot scheme in the last two years of XI Five Year Plan with an outlay of Rs. 272 crore, including Rs. 229 crore as Government contribution with a physical target to train 2.56 lakh persons. The scheme was scaled up as main phase during the 12th FYP with an allocation of Rs. 1,900 crore to train 15 lakh persons. ISDS addresses the critical gap of skilled manpower in textile industry through industry-oriented training programmes. It is implemented through three components where major thrust is given to PPP mode where a forged partnership has been developed with the industry in establishing a demand driven skilling ecosystem. Under the scheme, so far a total of 10.84 lakh people have been provided skilling, out of which 10.12 lakh have been assessed and 8.05 lakh have been placed. The scheme has been largely aligned with the common norms of Ministry of Skill Development & Entrepreneurship.
Source: PIB, Govt of India
The scheme will cover the entire value chain of textiles, excluding spinning and weaving in the organised sector. The Union Cabinet today approved a new skill development scheme having an outlay of Rs 1,300 crore with an aim to create jobs in the organised textile and related sectors. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi here. The scheme will cover the entire value chain of textiles, excluding spinning and weaving in the organised sector. Around 10 lakh people are expected to be skilled and certified in various segments of the textile sectorthrough the scheme, out of which 1 lakh will be in traditional sectors, an official statement said. At least 70 per cent of the certified trainees are to be placed in the wage employment and post-placement tracking will be mandatory under the scheme, it added. "The Cabinet approves a new skill development scheme covering the entire value chain of the textile sectorexcluding Spinning & Weaving in the organised sector, titled 'Scheme for Capacity Building', the statement said. The scheme will have National Skill Qualification Framework compliant training courses with funding norms as per the Common Norms notified by the Ministry of Skill Development and Entrepreneurship. The objectives of the scheme are to provide demand driven, placement-oriented skilling programme to incentivise the efforts of the industry in creating jobs in the organised textile and related sectors, it said. The scheme is aimed at promoting skilling and skill up-gradation in the traditional sectors through theMinistry of Textiles and providing livelihood to all sections of the society across the country. The skilling programmes would be implemented through textile industry/units in order to meet the in-house requirement of manpower.It will also be rolled out through reputed training institutions relevant to textile sector having placement tie- ups with textile industry or units, and institutions of the Ministry of Textiles or state governments having placement tie-ups with textile industry or units. Under the scheme, job role wise skilling targets will be based on skill gap identified for various levels including entry-level courses, up-skilling/re-skilling (supervisor, managerial training, advanced courses for adapting technology etc), recognition of prior learning (RPL). Moreover, segment/job role wise requirement of skill needs will be assessed from time to time in consultation with the industry. Web-based monitoring will be adopted for steering every aspect of implementation of the programme. The skilling requirement in the traditional sectors such as handlooms, handicrafts, jute, silk etc will be considered as special projects through respective sectoral divisions/ organisations. Skill upgradation will be supported further for entrepreneurial development through provision of MUDRA loans. The scheme will be implemented for the benefit of all sections of the society across the country including rural, remote, LWE affected, North East, J&K by imparting skills in the identified job roles. Preference will be given to various social groups, SC, ST, differently abled, minorities and other vulnerable groups. Under previous scheme of skill development implemented by the Ministry of Textiles in the XII Plan period, more than 10 lakh people have been trained of which more than 70 per cent were women. "Considering that the apparel industry, a major segment to be covered under the scheme, employs majorly women (about 70 per cent), the trend is likely to be continued in the new scheme," said the statement.
Source: Business Standard
The Relief and Rehabilitation Ministry has begun conducting panchnamas of cotton crop and farmers shall be given assistance through this medium. Fadnavis said that 5 lakh applications had come from farmers. Maharashtra chief minister Devendra Fadnavis has announced relief and financial assistance for cotton farmers in the state affected by the pink bollworm attack on the crop in Vidarbha and Marathwada regions. Maharashtra chief minister Devendra Fadnavis has announced relief and financial assistance for cotton farmers in the state affected by the pink bollworm attack on the crop in Vidarbha and Marathwada regions. The CM made this announcement at the ongoing Assembly session in Nagpur. In addition to crop insurance and assistance from the government, farmers will also receive compensation from seed companies, state agriculture minister Pandurang Fundkar said. Every cotton farmers whose crop has been affected by pink bollworm shall be given assistance from the government and not a single farmer shall die due to this crisis, he announced in the state Assembly. “Those farmers who are eligible to receive crop insurance will be granted the benefit of the scheme and seed companies will be told to pay compensation to farmers,” he said. The Relief and Rehabilitation Ministry has begun conducting panchnamas of cotton crop and farmers shall be given assistance through this medium. Fadnavis said that 5 lakh applications had come from farmers. Some may get assistance from all the three schemes — from the government, from the companies and crop insurance amount. “The panchnamas are nearing completion and we shall take decisions soon,” he said. With the crisis triggered by the attack of pink bollworms on cotton crop in Vidarbha and Marathwada regions becoming severe, opposition parties are now demanding Rs 25,000 per acre as compensation for framers. The leader of Opposition in Maharashtra Legislative Council, Dhananjay Munde, told reporters that a compensation of more than Rs 25,000 is a must, and that he had personally written to the CM, when the Centre had warned about the pink bollworm attack, he said. The actual extent of cotton crop damage is still being evaluated. The chairman of Maharashtra government’s special task force on the agrarian crisis, Kishore Tiwari, has estimated the loss at Rs 10,000crore in Vidarbha and Marathwada. Tiwari said that the government should clarify the quantum of financial assistance to the farmers. Giving Rs 400-500 per acre as compensation is not going to help, he said. Pasha Patel, chairman of State Agriculture Price Commission, said that the actual cotton crops losses are still being evaluated and that the state government is willing to provide compensation to the farmers. Preliminary reports suggest that farmers in Marathwada are better covered under cotton crop insurance than those in Vidarbha, he said. Patel suggested that the seed companies that have been making profits over the years must now take the lead and provide some monetary compensation to cotton farmers. Cotton farmers in Maharashtra are set to lose nearly 13 % of their output this year due to pink bollworm attacks on the standing crop in major production regions of the state. The textiles ministry estimates a 13% decline in the average cotton yield in Maharashtra with major crop losses in Yavatmal and Jalgaon districts. As per industry sources, around a third of Maharashtra’s cotton area were under attack by pink bollworm. Cotton farmers have voiced their concern over crop losses and have dragged seed companies to court seeking damages. The government has issued advisories to farmers to avoid third pluckings and burn up the remaining crop to avoid further infestation of pink bollworm.
Source: Financial Express
The startup investor community in India has once again raised concerns over the so-called ‘Angel Tax’ with the government, pointing out that if the issue is not fixed India’s dreams of becoming the startup hub of the world will not be realised. The Angel Tax as it has come to be known forces young startups to part with a portion of the capital they have raised from investors due to disagreements over the valuation of the company by Income Tax officials. The capital is often considered to be income, and startups have long been complaining of receiving letters from the tax authorities asking them to pay up. So far, neither the government or investors have agreed upon a middle ground, causing immense pain to startups who have raised money. “There is no need to get rid of the existing rules, but we do suggest that genuine start-ups backed by established angel investor groups be seen in the same light as venture capitalists (VC) ,” said Padmaja Ruparel, co-founder and President of the country’s largest angel investment grouping, Indian Angel Network. The government had put a check on startups raising money from angel investors to curb money laundering activities which were being set up in the guise of startups. Unfortunately, the tax authorities which are not privy to the way startups are valued are struggling to differentiate between genuine investments and money laundering outfits. Ruparel’s solution is for the government to adopt the mechanism it uses to verify investments in startups by venture capital firms. Similarly, money coming in from established angel networks into startups should be exempt from being seen as income. The issue was rekindled when T V Mohandas Pai, former Infosys CFO, co-founder and Chairman of tech VC Aarin Capital Partners, tweeted to the Finance Minister on Tuesday urging him to act in favour of startups in the country. “...startups are getting harassed by IT (Income Tax Department) for raising capital, threatening to consider it as income! Very bad scene and very many are angry and upset, may shift overseas,” Pai had tweeted. This year, angel investments and seed funding deals have fallen by 40 per cent, ringing alarm bells amongst the startup community in India. While a large part of the fall can be attributed to the end of a euphoria period in 2015 and 2016 where startups raised money too easily, the Angel Tax is to blame too. While some have asked for the government to continue with existing laws and figure out a better way to exempt money being invested into startups from legitimate sources, other argue that laws towards startups cannot be so damning. Instead of putting a blanket ruling that makes it harder for startups to raise money, laws should prevent and punish people who use startups as a way to launder money. Several investors feel the government has taken the easy way out by implementing the Angel Tax while not really putting in place any mechanism for genuine startups to navigate the red tape. Pai added that around this time of the year many start-ups start receiving notices from the IT department questioning their investments. “Under Section 56 of the law, the IT officer has to be satisfied with the valuation but they do not always have the investment background to do so,” said Pai.
Source: Business Line
The latest quarterly survey on manufacturing by the Federation of Indian Chambers of Commerce and Industry (FICCI) suggests a slightly less optimistic outlook for the manufacturing sector in the October-December quarter of fiscal 2017-18 as the percentage of respondents reporting higher production in third quarter has fallen compared to the previous quarter. The capacity utilization in manufacturing remains low, the inventory situation hasn't changed much, outlook for exports seem to be relatively less optimistic and low growth is expected in sectors like textiles & technical textiles and leather & footwear, says a FICCI press release citing the survey. Forty seven per cent respondents reported higher output growth during the third quarter compared to 50 per cent in the second, according to the survey. However, the percentage of respondents reporting low production has also come down to 15 per cent from 18 per cent in the second quarter. Factors for this trend include rupee appreciation impacting exports, issues related to the implementation of goods and services tax (GST) and subdued demand in several sectors. Increasing imports, excess capacities, lower domestic demand from industrial sectors, high raw material cost, high interest rates are some of the major constraints affecting expansion plans of the respondents. (DS)
Source: Fibre2fashion
The Indian rupee has been on a rising streak since after the first phase of Gujarat elections had concluded on 9 December 2017. The rupee has added as much as 57 paise in a 2-week period against the US dollar. The Indian rupee gained as much as 11 paise against the United States dollar in the opening trade on Thursday. In a period of two weeks from Thursday, 7 December 2017, the Indian rupee has appreciated heavily on the back of optimism on Narendra Modi led BJP winning in assembly elections of Gujarat and Himachal Pradesh. Since then, the rupee has zoomed as much as 57 paise to trade at 64 against the US dollar. The domestic currency jumped 11 paise at 64 apiece US dollar today at the interbank foreign exchange market. On Wednesday, the rupee ended marginally down, losing 7 paise at 64.11 against the US dollar due to dollar demand from importers. The appreciation in value of rupee is on the back of weakness in US dollar against a basket of currencies as the US Congress gave its final seal of approval to a sweeping tax legislation. IT is termed as the biggest overhaul of the US tax code in 30 years. The Bill slashes tax rates for corporates as well as the middle class. Earlier on Tuesday, the rupee edged up by 20 paise to close at a three-month high of 64.04 against the US dollar following the victory of Narendra Modi led Bharatiya Janata Party in the state elections of Gujarat and Himachal Pradesh. However, on Monday, the rupee underwent a choppy trade and slipped by a whopping 70 paise as both Indian National Congress and Bharatiya Janata Party moved neck to neck as the counting progressed. But later in the day, when BJP vote count surpassed that of Congress, the rupee ended the day down by 20 paise only. India’s stock market opened higher on Thursday with the key benchmark indices Sensex and Nifty inching towards their respective record highs. Sensex was trading up at 33,789.33 while Nifty was trading at 10,448.25, each up by 0.04%. BSE Sensex 48.87 points to open at 33,826.25 and NSE Nifty started 29.75 points higher at 10,473.95. Shares of Hero MotoCorp, Sun Pharma, L&T, HDFC, Adani Ports, Dr Reddy’s gained in the early trades. Indian stock markets have emerged as one of the best performers in the year 2017 with Sensex and Nifty returning about 28% and with few days left in the year, domestic equities are likely to finish 2017 on a high note. In a major development on Monday, Narendra Modi led Bharatiya Janata Party won the assembly election in the states of Gujarat and Himachal Pradesh. The Congress was not able to defeat the incumbent BJP in Gujarat but it has certainly managed to bring down the ruling party seats to double digits in Prime Minister Narendra Modi’s home state.
Source: Financial Express
Tirupur: The district labour authorities are conducting reconciliation meetings after a private knitwear garment manufacturing unit here recently shut down allegedly following a salary dispute, rendering 404 employees jobless. The decade-old garment manufacturing unit, which had about 350 tailoring machines, was functioning at Pichampalayam Pudur in the dollar city. "The unit was dedicated to manufacture sample garments. It was providing employment continuously to the employees, who were given a decent salary and benefits such as employee state insurance scheme, employee provident fund and annual bonus. As many as 404 employees, including fabric cutting workers, tailors and packers were working there," said VM Rajendran, who worked for more than five years in the company. The firm used to give a 5% hike to the staff every year. "But it was not disbursed in the last two financial years, despite our request. On December 6, a group of employees raised the demand before the unit's production manager, who replied that those who insist on the hike should leave" Rajendran told TOI. "All the employees came out to show our dissent. From the next day, the company was kept closed and the management refused to allow us to work," he charged. General secretary of the CITU's Tirupur district unit G Sampath said, "The management claimed that they do not have production orders to run the unit. But it is not true because it was dedicated for making sample garments, not the production. It was assisting the production units, which belonged to one of the leading companies in Tirupur. Since those production units are running very well, the feeding for the unit cannot be the issue," he said. "Since the unit was dedicated to sample garment production, the employees there are very skilled," Sampath added. Refuting the charges, S Ramamurthy, the advocate who represents the company before the district labour authority, told TOI, "It is wrong that the company was closed after sacking the employees. The employees obstructed work. Moreover, the company was not a dedicated sampling manufacturing unit. It depended on other garment factories. The flash protest by the employees sent a wrong message to the factories, which provide the production feed. As a result, all the orders were cancelled. Now the company management is in dire straits," he added.
Source: The Times of India
Italian fashion retailer Benetton has reported its worst performance in India in more than a decade, as its sales and store count fell last fiscal amid increasing competition from global rivals. The brand that until four years ago was the country's largest apparel brand, posted a 5% dip in revenue to 699 crore with net loss of 49 crore during financial year ended March 2017. A year ago, Benetton clocked sales of 735 crore with a profit of 2.3 crore, according to data filed with the Registrar of Companies (RoC). Established foreign fashion brands such as Levi's, Benetton and Marks & Spencer have had a tough time due to increasing competition from new rivals such as Zara, H&M and US Polo, as well as slowing consumer demand at brick-and-mortar stores after demonetisation last year."The revenue loss is mainly due to demonetisation, especially at a time when we are in consolidation phase and topline was not being driven by expansion," said Sandeep Chugh, CEO at Benetton India. "This does not impact profits to that extent." So, what pushed the company to a loss last fiscal, according to Chugh, were mainly two factors - fire in a partner's warehouse and a capital-intensive consolidation exercise. "Otherwise we would have been at par with last year," he said. Provisioning of the fire, which destroyed inventory worth millions, contributed to 70-75% of the loss, Chugh said. "The balance was largely on account of a consolidation and strategising exercise, that was planned to be a capital intensive project for us to be future ready," he said. To improve its performance, the company has hired a reputed consulting firm and launched an aggressive advertising campaign. In its director's report filed with RoC, Benetton India attributed fall in its numbers to difficult market conditions, arrival of new fashion brands and pressure on cost. During 2016-17, Benetton shut about 119 stores and opened 63 doors at other locations. Currently it has 718 stores across the country. A typical store of Benetton, which entered India in 1994, is usually one-tenth of the size of the stores of its rivals such as Zara and Gap that have large stores of 20,000 sq ft on an average. The Indian retail market was worth $641 billion in 2016 and is expected to reach $1.6 trillion by 2026, according to the India Business of Fashion 2017 report. As the world's second most-populated country, India has attracted some of the world's largest fashion brands that are banking on young consumers increasingly embracing western clothing. Ecommerce companies could have added to their sales as well, considering that apparel accounts for 25-35% of overall sales for Amazon, Flipkart and Snapdeal. Zara launched its online store in India in October while H&M plans to enter the online market soon.
Source: Economic Times
Scientists have developed a simple and cost-effective method to manufacture graphene-based wearable electronic-textiles on an industrial scale. Graphene is expected to be one of the most prominent materials in wearable e-textiles, however, there is no good way to manufacture them on an industrial scale, researchers said. The new method could allow graphene e-textiles to be manufactured at commercial production rates of 150 meters per minute, they said. "To be able to produce graphene-based wearable e-textiles in scalable quantity at very high speed is a significant breakthrough for the rapidly growing wearables market," said Nazmul Karim from The University of Manchester in the UK. "Our simple and cost-effective way of producing multi- functional graphene textiles could easily be scaled up for many real-life applications, such as sportswear, military gear, and medical clothing," said Karim. The researchers reversed the previous process of coating textiles with graphene-based materials, Phys.org reported. Traditionally, the textiles are first coated with graphene oxide, and then the graphene oxide is reduced to its functional form of reduced graphene oxide. Instead, the researchers first reduced the graphene oxide in solution, and then coated the textiles with the reduced form. By making coating the final step, it becomes possible to use a coating technique called padding, which is currently the most commonly used method of applying functional finishes to textiles in the textile industry. The researchers demonstrated that e-textiles made by a laboratory-scale pad-dry unit exhibited excellent electrical and mechanical characteristics.
Source: The Economic Times
The Indian Institute of Technology-Delhi (IIT-D) in collaboration with the Defence Research and Defence Organization (DRDO) are working to develop a smart, intelligent and relatively cheaper jacket with unique feature and design, integrated with interconnects, antennas, sensors and chips for soldiers. It will be lighter in weight and lower in price compared to the current one. Features like signal processing chip, chemical sensor and communication chip will help the soldiers in mobility, threat detection and communication. Textile-based flexible circuit boards and multi-chip modules will be developed in the initial stage. Next, modelling, fabrication and testing of different types of radio frequency and microwave antennas on textile-based and polymeric substrates will take place. Finally, several kinds of sensors will be developed and integrated into the textiles. Anuj Dhawan, professor-in-charge of the project said that the project is in the initial stage. Its time period is five years but our target is to get the jackets ready by the next three years. At IIT-D’s Joint Advanced Technology Centre (JATC) set up by DRDO where more than a dozen researchers are working on developing the jacket in three phases at the JATC research vertical Smart and Intelligent Textile, according to the IIT-D website. An official said that these features embedded in the jacket will be very helpful to the soldiers in every circumstance. For instance, the gas sensors will help detect the gases and identify their type and through communication chips, soldiers can pass on messages and at times of emergency, inform the other soldiers or seek help.
Source : YarnsandFibers
Bengal has been famous for its textiles, and while it has been the cottons and muslins that have always been the region’s most prized exports, the Baluchari silk, with its elaborate weaves and narratives, is a stand-out. The Kastubhai Lalbhai Museum is all set to host the collection of the 1750s in the exhibition - Sahib, Bibi, Nawab: Baluchar Silks of Bengal. Surat-based textile revivers Praful and Shilpa Shah have preserved over 90 such archival saris and the exhibition will showcase 25 masterpieces from the same. Jayshree Lalbhai, who has an active participation in preserving the heritage, believes that organising this exhibition will help in reviving the textile heritage. These handwoven silks were made in Murshidabad, during a time when the city was the prosperous, capital of the Nawabs of Bengal. Nawabs relaxing with pet falcons, women smoking hookahs, soldiers standing by cannons, royals enjoying — you will find it all in the intricate motifs of the saris. When it comes to revival of Baluchari silk saris, the question is in the times of western influence. Lalbhai says, “I hope designers, students, textile revivers come and learn about this textile. They can help contemporise the fabric and make it more relevant.” Love for silk Talk about silk saris and Lalbhai shares her special bond with the fabric. She has preserved several silk saris from her husband’s grandmother’s collection. She says, “Several silk saris and a batwa - I have preserved a lot of it. Faati jaye toh rafu lagavi ne sachvu. I still wear those saris as their quality is unparalleled.” From the collection to be displayed from today, her favourite is the one with Lord Krishna’s name printed on it in Bengali calligraphy. “It has unique motifs with the Lord’s mantra.” The exhibition is accompanied by richly illustrated catalogue Baluchar Silks of Bengal authored by Eva-Maria Rakob, Shilpa Shah and Tulsi Vatsal, and is open till February 14, 10am to 5pm.
Source: Ahmadabad Mirror
The rapid development in the technical textiles and apparel industries has had a positive impact on the demand for lyocell fibers, states Transparency Market Research in its recent report. The 62-page research publication reveals that registering a strong CAGR of 7.90% during the forecast period, the global lyocell fibers market is poised to rise from US$692.7 Mn in 2013 to US$1,179.5 Mn by 2020. The report is titled “Lyocell Fiber Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020” and is available for sale on the company website. While new product development in the medical sector and growing trend of eco-friendly fiber is anticipated to boost the lyocell fiber market, it is projected to be held back owing to availability of low-cost substitutes. Lyocell fibers possess superior qualities of absorbency and softness and are biodegradable. On the basis of application, the overall market for lyocell fiber is segmented into home textiles, apparel, and others including baby diapers and surgical products. The apparel market – comprising sections such as sportswear, casual wear, women’s wear, and men’s wear – held over 55% of the entire lyocell fiber market in 2013, making the leading application segment that year. Lyocell fibers in the home textiles segment are used in making drapes, carpets, bed sheets, and curtains. Its property of biodegradability makes it ideal for manufacturing baby diapers and surgical products. On the basis of geography, the global lyocell fiber market is divided into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific dominates the worldwide market in terms of both consumption and revenue. By revenue, Asia Pacific accounts for a whopping 65% of the overall lyocell fiber market. Lyocell is used in woven as well as nonwoven products and China and India being leading exporters of textiles, are also major consumers of lyocell fibers. While Asia Pacific is primarily driven by the growth of the technical textiles market, it is also fueled by the rising demand for environment-friendly fibers and the increasing focus on highly advanced healthcare and medical products. The lyocell fiber market in this region is, however, restrained by the easy availability of cheaper alternatives. The lyocell fiber market in developed countries such as Germany, the U.S., France, and the U.K. is anticipated to witness immense growth by 2020 owing to the environmentalist approach in most of these nations and the presence of well-established textile industries.The most notable participants of the global lyocell fiber market include Lenzing AG, City Victor Corporation, The Aditya Birla Group, Smartfiber AG, Qingdao Textiles Group Fiber Technology Co., Ltd., Acelon Chemicals & Fiber Corporation, Weiqiao Textile Company Limited, and Chon Bang Company Limited. These players are evaluated in the research report keeping in mind aspects such as company overview, product portfolio, recent developments, business strategies, financial standing, strengths, weaknesses, opportunities, and threats.
Source: Find Market Research
|
Item |
Price |
Unit |
Fluctuation |
Date |
|
PSF |
1331.35 |
USD/Ton |
0.28% |
12/20/2017 |
|
VSF |
2148.32 |
USD/Ton |
0% |
12/20/2017 |
|
ASF |
2435.77 |
USD/Ton |
0% |
12/20/2017 |
|
Polyester POY |
1301.09 |
USD/Ton |
0.58% |
12/20/2017 |
|
Nylon FDY |
3358.64 |
USD/Ton |
0% |
12/20/2017 |
|
40D Spandex |
5749.02 |
USD/Ton |
0% |
12/20/2017 |
|
Polyester DTY |
5718.76 |
USD/Ton |
0% |
12/20/2017 |
|
Nylon POY |
1535.59 |
USD/Ton |
0% |
12/20/2017 |
|
Acrylic Top 3D |
3161.96 |
USD/Ton |
0% |
12/20/2017 |
|
Polyester FDY |
2571.93 |
USD/Ton |
0% |
12/20/2017 |
|
Nylon DTY |
1596.11 |
USD/Ton |
0% |
12/20/2017 |
|
Viscose Long Filament |
3570.44 |
USD/Ton |
0% |
12/20/2017 |
|
30S Spun Rayon Yarn |
2829.12 |
USD/Ton |
0% |
12/20/2017 |
|
32S Polyester Yarn |
2016.70 |
USD/Ton |
-0.15% |
12/20/2017 |
|
45S T/C Yarn |
2874.51 |
USD/Ton |
0% |
12/20/2017 |
|
40S Rayon Yarn |
2163.45 |
USD/Ton |
0% |
12/20/2017 |
|
T/R Yarn 65/35 32S |
2420.64 |
USD/Ton |
0% |
12/20/2017 |
|
45S Polyester Yarn |
2980.41 |
USD/Ton |
0% |
12/20/2017 |
|
T/C Yarn 65/35 32S |
2496.29 |
USD/Ton |
0% |
12/20/2017 |
|
10S Denim Fabric |
1.41 |
USD/Meter |
0% |
12/20/2017 |
|
32S Twill Fabric |
0.87 |
USD/Meter |
0% |
12/20/2017 |
|
40S Combed Poplin |
1.21 |
USD/Meter |
0% |
12/20/2017 |
|
30S Rayon Fabric |
0.67 |
USD/Meter |
0% |
12/20/2017 |
|
45S T/C Fabric |
0.71 |
USD/Meter |
0% |
12/20/2017 |
Source: Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.15129 USD dtd. 20/12/2017). The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
General Secretary of the National Union of Textile, Garment and Tailoring Workers of Nigeria, Comrade Issa Aremu, has revealed that Nigeria spends a whopping $ U S 4 b i l l i o n annually on imported textile materials. He also challenged the Police and Customs to stop buying officers’ uniforms from Bangladesh and China, when the surviving textile factories can produce at home. He made the disclosures in a birthday message congratulating President Muhammadu Buhari who recently turned 75. “Th e point cannot be overstated. Nigeria currently spends over US$4 billion annually importing textiles and ready-made clothing when it has the potential to produce for the local market and even export to the ECOWAS market of over 175 million people, as well as to the developed world, (e.g. the United States under AGOA and EU GSP scheme which Kenya, Ethiopia, Lesotho, Madagascar and a number of African countries are already exploiting).” On the president’s birthday, Aremu said “celebration of life assumes special importance for President Buhari, who with the grace of God and global solidarity, recently triumphed over health challenges.” He described his health recovery and 75th birthday, as total pleasure for textile union and labour movement in general. “President Buhari commendably made the revival of textile industry and manufacturing sector his cardinal campaign programme. We bear witness that through the active facilitation of the Vice President, Professor Yemi Osibanjo and Ministers of Trade and Investment, Dr. Okechukwu Enelamah and Aisha Abubakar, Buhari administration has initiated a number of measures aimed at industry revival. “Of particular significance was the unprecedented signing of Executive Orders by Vice President Osibanjo in line with the promise of President Buhari on the ease of doing business. “Of special importance to textile industry is the order mandating government agencies to spend more of their budgets on locally produced goods. Th is singular order would help in the recovery of the textile and garment industry.” Also, the National Bureau of Statistics (NBS) has revealed that Nigeria spent N2.07trillion on fuel importation in nine months. It said the country spent the sum of N476.755 billion on petrol importation during the third quarter of 2017 alone. The NBS also noted that gas importation accounted for 2.42 per cent of the country’s total import with N56.752 billion. The data was obtained from the NBS foreign trade statistics for third quarter of 2017, indicating that, of the total petroleum products imported, N1.544 trillion was spent on the importation of Premium Motor Spirit (PMS) also known as petrol.
Source: Blueprint
Uzbekistan enterprises over the years purchased raw materials from the monopoly supplier Uzpahtasanoatexport. But starting from next year, a new scheme for selling cotton to textile enterprises will appear in Uzbekistan. The corresponding decree was signed by Uzbek President Shavkat Mirziyoyev, podrobno.uz reported. The presidential decree states that starting with the harvest of raw cotton in 2018, as an experiment, the system of ordering and advancing the production of raw cotton directly from farms and other agricultural producers by domestic textile enterprises will be introduced. According to the new order, textile enterprises will finance the basic costs of farming to grow raw cotton by advancing at least 60 percent of the contract’s value. All delivered raw cotton should be used only for further deep processing and production of finished competitive products, the document noted. The price for raw cotton purchased by enterprises will be established on a contractual basis based on an analysis of actual costs and profitability of farms. At the same time, it should not be lower than the cost of cotton purchased for state needs. Therefore, the president instructed the government to establish government procurement prices for the “white gold” harvest of 2018 until January 15, 2018. Enterprises of the textile industry sell cotton seeds to fat-and-oil enterprises, additional products -- to other consumers through exchange trades. This year Uzbekistan collected more than 2.9 million tons of raw cotton. President of Uzbekistan Shavkat Mirziyoyev also signed a decree on liquidation of the Uzbekengilsanoat joint-stock company. Thus, the head of state supported the proposal of the textile industry enterprises, the shareholders of the Uzbekengilsanoat JSC and a number of other departments on the establishment of the Uztekstilprom Association. At the same time Uzbekengilsanoat JSC, which combined state regulatory and economic functions, is liquidated. As indicated in the document, the current system of management of the industry does not meet the current trends in the development of the textile industry and is not capable of supporting producers. Uzbekengilsanoat includes 436 enterprises, which makes up only 6 percent of their total number. The activities of this society basically come down to collecting statistics, holding various meetings, organizing exhibitions. Its organizational form also does not correspond to the legal status of the joint-stock company. The experience of foreign countries has shown that one of the most effective forms of development of the textile industry is the creation of clusters. This model implies the organization of a single production cycle, which includes the cultivation of raw cotton, primary processing, further processing at cotton ginning enterprises and the production of final textile products with high added value. Proceeding from this, the special Working Commission was entrusted to develop a draft Concept of development of cotton-textile clusters for the medium-term perspective, taking into account the results of the organization of similar clusters in the Bukhara and Navoi regions. Along with this decree, measures to support textile industry enterprises, including the provision of privileges for customs payments are envisaged. For the first time, an advisory body, the Council of the enterprises of the textile and apparel and knitted industries, will appear in the structure of organization. It is interesting that all enterprises included in the association will be obliged to export products with the unified marking Uztextile. The president also provided members of the Uztekstilprom Association with a number of privileges and preferences. Among them are exemption from payment of customs fees for imported cotton, artificial and synthetic fiber, wool, raw materials and other materials necessary for the production of textile products until January 1, 2021. Uzbekistan is expected to achieve full processing of cotton fiber in 2021. By 2020, the capacity of local enterprises will ensure the full processing of cotton produced in Uzbekistan, which can lead to a significant decrease in the export supplies of this crop. Only in 2017, the country intends to bring internal processing of cotton fiber to 70 percent. At the same time, by 2021 the production of textile and clothing and knitted products will increase by 2.2 times compared to 2016, including ready-made fabrics - 2.7 times, knitted fabrics - 3 times, knitted goods – 3.4 times, hosiery – 3.7 times. It is planned to increase the export of products by 2 times.
One of the policy priorities of Uzbekistan, the world’s fifth-largest cotton exporter, is further development of its textile industry. Annually, the country grows about 3.5 million tons of raw cotton, produces 1.1 million tons of cotton fiber. Uzbekistan takes consistent steps to increase the volume of cotton fiber processing. In particular, it is planned to create 112 modern, high-tech industrial factories, expand, modernize and technologically upgrade 20 operating capacities. All this will increase the export potential of the industry up to $2.5 billion a year and create more than 25,000 jobs. Uzbekistan is the world’s sixth-largest cotton producer among 90 cotton-growing countries exports cotton mainly to China, Bangladesh, Korea and Russia. Currently, Uzbekistan continues to attract foreign investments for construction of textile enterprises in the country.
Source: YarnsandFibers
The EU-Vietnam Free Trade Agreement (EVFTA) expected to be signed next year which will provide tariff preferences to Vietnamese exporters to the EU. There will also be ample opportunities to upgrade the value chain for the textile and garment sector. Only “EVFTA originating” products will benefit from preferential tariffs for a maximum of seven years after entry into force, said EU-MUTRAP team leader Claudio Dordi. To be “EVFTA originating,” EVFTA requires textile and garment producers to carry out two production stages in an EVFTA country: Vietnamese producers can upgrade their value chain, adding the weaving or knitting stage to the existing cutting and sewing. At present, this operation is particularly challenging, as it requires financial resources and high-skilled workers to manage the high-technology machinery. Dordi, who is also professor of the International Trade Law of Italy’s Bocconi University said that for a maximum of seven years, the present 12 percent duty on textile and garment imports from Vietnam will be removed and, taking into consideration the better legal environment for investment (indirect EVFTA opportunities), they may expect the EU or other countries’ investors to provide the necessary technology (machinery) to support the upgrading of the garment value chain. “Investors from other countries may wish to relocate sufficient stages of textile and garment manufacturing to Vietnam to benefit from market access offered by the EVFTA. A number of domestic textile and garment firms like Thanh Cong Textile Garment Investment Trading Company and Phuong Anh JSC may benefit from the EVFTA as they have close production chains, from fibre, cloth, yarn, and buttons to finished products. Nguyen Duc Anh, head of Phuong Anh JSC’s Marketing Division producing garments and footwear products said that they are expecting to benefit from the EVFTA. It is expected that their company’s garment exports to the EU markets will annually increase by 25-30 percent, thanks to tariff slashes. All materials are sourced from the company’s subsidiaries. However, many textile and garment firms in Vietnam said that they might not be able to enjoy the benefits of the EVFTA. Nguyen Thanh Thuy, deputy general director of a Singaporean-Vietnamese garment and textile joint venture in Hanoi, said that her company would not be able to benefit from tariff slashes under the EVFTA, though it is exporting products to several European nations because the company imports almost all of its materials from Hong Kong, not from EVFTA members. Do Thi Nhung, representative from a Republic of Korea's garment firm in the southern province of Binh Duong, also said that her firm imports materials from China, Taiwan, and Hong Kong, and products are exported to the US. This means that this firm will not be able to enjoy tariff incentives under the EVFTA, Nhung said. According to Dordi, the textile and garment sectors actually show huge differences between each other. Textiles are more capital-intensive, relying on technology and requiring highly skilled workers. It adds higher-value than the garment sector, which is labour-intensive and mainly reliant on low skilled workers. Vietnam, rich in labour and limited in available capital, is deeply engaged in the low-end of garment manufacturing activities.
Source: YarnsandFibers
The U.S. Commerce Department made affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of fine denier polyester staple fiber, finding that exporters from China, India, South Korea and Taiwan sold the goods at less than fair value. As a result of the decision, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of fine denier polyester staple fiber from those countries. Foreign companies that price their products in the U.S. market below the cost of production or below prices in their home markets are subject to anti-dumping duties. In the China investigation, Commerce calculated a preliminary dumping rate of 181.46% for Jiangyin Hailun Chemical Fiber Co. and 63.26% for Jiangyin Huahong Chemical Fiber Co. In the India investigation, Commerce calculated a preliminary dumping rate of 2.66% for Reliance Industries Ltd. and assigned a dumping rate of 21.43% to Bombay Dyeing & Manufacturing Co. In the South Korea investigation, Commerce calculated a preliminary dumping rate of zero percent for Toray Chemical Korea Inc. a 45.23% rate for Down Nara Co. and Huvis Corp. Commerce, and a 30.15% rate for all other producers and exporters of fine denier polyester staple fiber from the country. In the Taiwan investigation, Commerce calculated a preliminary dumping rate of zero percent for Tainan Spinning Co., a rate of 48.86% for Far Eastern Textile Ltd., and 24.43% for all other producers and exporters of fine denier polyester staple fiber from Taiwan. The petitioners are DAK Americas LLC of Charlotte, North Carolina, Nan Ya Plastics Corp. America of Lake City, South Carolina and Auriga Polymers Inc. of Spartanburg, North Carolina. In 2016, U.S. imports of fine denier polyester staple fiber from China, India, South Korea and Taiwan were valued at an estimated $79.4 million, $14.7 million, $10.6 million and $9.6 million, respectively. “The U.S. values its relationships with these nations, but all of our trading partners must play by the rules,” said Commerce Secretary Wilbur Ross. “We will continue to review all information related to this preliminary determination while standing up for American businesses and workers.” From Jan. 20 through Dec. 18, Commerce has initiated 79 antidumping and countervailing duty investigations, a 52 percent increase from 52 initiations in the previous year. The AD law provides U.S. businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of unfair pricing of imports into the United States. Commerce currently maintains 412 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade. Commerce is scheduled to announce its final determinations on or about May 11. If Commerce makes affirmative final determinations and the U.S. International Trade Commission makes affirmative final determinations that imports of fine denier polyester from China, India, South Korea and Taiwan materially injure or threaten material injury to the domestic industry, Commerce will issue AD orders. The ITC is scheduled to make its final injury determinations about 45 days after Commerce issues its final determinations, if affirmative.
Source: Sourcing Journal Online
Brazil’s 2017-18 cotton output may reach 1.69 million tons, 10.5 percent larger than in the previous crop, due to the good perspectives for the Brazilian market, according to third crop survey on December 12 released by the National Company for Food Supply (Conab). As per the survey, the area sown with cotton is forecast to reach 1.04 million hectares, an increase of 11 percent; however, average productivity is expected to be 1,622 kilos per hectare, a slight 0.5 percent down compared to the 2016-17 season. According to data from Conab (National Company for Food Supply), the year of 2017 starts with inventories at only 162.9 thousand tons, the lowest level since 2010/11. In Mato Grosso, the main and largest cotton producing state in Brazil, the 2017-18 harvesting is estimated at 1.06 million tons, 5.2 per cent above the previous one, according to Conab data. The area sown may increase 3.3 per cent, reaching 648,500 hectares, while the average productivity may rise 1.8 per cent, to 1,611 kilos per hectare. Higher productivity is linked to favorable weather. In Bahia, the second largest cotton producing state in Brazil, the 2017-18 production is estimated at 430,200 tons, a staggering 24.3 per cent up compared to the previous season. The increase may come entirely from the larger area sown (34.8 per cent), reaching 201,600 hectares. However, the average productivity may be 1,583 kilos per hectare, 7.8 per cent down compared to the 2016-17 crop. According to Center for Advanced Studies on Applied Economics (CEPEA) in its latest fortnightly report on Brazilian cotton market stated that only a few processors and traders were active in the spot market, searching for batches for quick delivery – these agents were flexible regarding asking prices, even for lower quality batches. Most contracts closed involved small volumes to replenish inventories and speed up loading before transportation stops, due to the holiday season. Cotton prices increased in Brazil’s domestic market in the first fortnight of December 2017. The CEPEA/ESALQ cotton Index between November 30 and December 15 rose a staggering 6 percent, closing at 2.5945 BRL ($0.7848) per pound on December 15. Most growers and trading companies continued being retracted from sales in the domestic market, agents were focused on oscillations of future contracts at the New York Exchange Stock (ICE Futures) and the exchange rate (real x dollar). However, some export contracts were closed, mostly involving the 2017-18 crop. Dollar will play an important role to keep cotton availability adjusted to demand, mainly in the second semester of 2017.
Source: YarnsandFibers
LAHORE: Cotton imports from India have been delayed as official permit in this regard is only effective for the first three months of 2018, it was learnt on Wednesday. No volume of cotton could be imported from India by land or sea routes as permits issued by the Department of Plant Protection, Ministry of Food Security were valid only for the period of January 1, 2018 to March 31, 2018. In the wake of less-than-expected domestic production of cotton, the federal government allowed import of cotton from India in the last week of November. “However, due to procedural delays and issuance of permits that are valid from January 1, cotton import is yet to take off,” said Ihsanul Haq, chairman, Pakistan Cotton Ginners Forum (PCGF). The chances of a significant amount of cotton import from India were diminishing with each passing day, he said, and added the cotton output in India was also less than expected, which is why prices were already picking up. “There are some reports of cancelling of cotton contracts between the traders of both sides.” The Pakistan Cotton Ginners Forum chairman said it was a surprise for the importers that federal government’s permits were not valid with the date of issuance. “An upward trend in cotton prices was being witnessed following depreciation of rupee value against the dollar,” he said, and added this scenario was not favourable for the importers and textile industry as they could face shortage of the commodity in the coming days.
Source: The News International
Sri Lankan’s handloom sector has finally turned around with several government initiatives to revive the sector. Today many Lankan handloom makers are reaping good profits, said the Minister of Industry and Commerce Rishad Bathiudeen addressing the inauguration of the annual handloom expo and awards event "Ran Salu" on 15th December. The event on 15th December organized by the Ministry of Industry and Commerce felicitated a handloom veteran and issued a postal stamp by the Postal Department of Sri Lanka commemorating the 105th anniversary of the Handloom Textile Training Centre in Rajagiriya. The Minister thanked all the handloom makers and craftsmen for their contribution and noted that for the first time in the history, a commemorative postal stamp, celebrating the historic handlooms was issued. Speaking at the event, the Minister said that the handloom sector of Sri Lanka faced a setback and declined, starting from 1990s. However, several government initiatives have successfully revived the sector. At present, all handloom products made in Sri Lanka are selling fast, and they are unable to meet the demand. Most sales revenues are from the Sri Lankan buyers and the rest of revenues are from tourists, said Minister Bathiudeen. Most Lankan handloom makers are in the East. Among the other leading provinces for handlooms are central, and Southern. The government has plans to improve handloom sector of Sri Lanka, and his Ministry, under this vision, works to promote this sector and supports the handloom makers. The Minister pointed out that 70 percent of handloom makers are women and therefore strengthening this sector is a way to empower rural women. This sector is also a contributor to government's self-employment creation plans. Speaking of his Ministry's new initiatives for handloom sector said that the handlooms makers use high quality colorful yarns for their production work. These are expensive. Therefore they are working on a project to make low cost dyes for handloom sector. They are working on establishing a handloom dye and color center in the North Central Province with latest technology. Still, it is important for the sector to recognize excellence. After ten years, they have sent around 35 Sri Lankan handloom craftsmen to the Indian Institute of Handloom Technology in Salem for training. During this training session, they were also introduced to new market trends. Minister Bathiudeen also felicitated Ms Chandani Thenuwara-a veteran of Sri Lankan handlooms and who formerly served at the Textiles Department and who was initiated to arts and designs by pioneer Educationist Cora Abraham, of Arts and Free Expression for Children fame, and received a Fellowship to Camberwell College of Arts, South London in 1960s. Her biggest contribution to Lankan handlooms is introduction of shaded coloring technology to the fabrics which was not possible in pre-1970s.
Source: YarnsandFibers
Asia Apparel Expo is the largest trade show in Europe where sourcing professionals can select from a wide variety of clothing suppliers from Asia brought together under one roof. From manufacturers, fabric and textile suppliers, as well as accessories and trimmings, this sourcing tradeshow is a well-edited snapshot of clothing production available in Asia, and conveniently located in the central European location of Berlin. For the seventh edition, Asia Apparel Expo will once again take place at Messe Berlin, on 22-24 February 2018. More than 450 carefully selected factories are expected to take part in the 2018 expo, primarily from Hong Kong and China, as well as the other key sourcing countries of Bangladesh, Pakistan and India, meeting demand from European customers for finished garments, contract manufacturing and private-label development. For 2018, the Asia Fashion Accessories area is expanding with new offerings of gloves and belts, handbags, hats and caps, scarves and shawls, stockings, socks and tights, neckties and bows, bags, wallets, pouches and purses, eyewear, hair accessories, costume jewellery and accessories, imitation jewellery, earrings, pins and brooches. Of the 1,800 trade professionals who attended the sixth edition in February 2017, many made repeat visits over the three days, demonstrating that the well-edited selection and variety of factories and suppliers at the expo provides a convenient marketplace for buyers. Asia Apparel Expo is the only business event in Europe exclusively for Asian clothing manufacturers and fabric suppliers to connect with European brands, enabling clothing professionals to easily expand their Asian factory network and production opportunities.
Source: Drapers
UNDER PRESSURE: The local clothing and textile industry is suffering as a result of the illegal import of counterfeit goods and the import of second-hand clothing that becomes available for resale in the market. More recently the industry has also borne the brunt of the import of second-hand clothing, that has become available for resale on the market. Sars customs officials intercepted four consignments of suspected counterfeit goods with a combined value of R20.5 million. Goods included Nike sneakers from Hong Kong, and Louis Vuitton bags, Gucci dresses and ladies’ Polo and Chanel-branded shoes from China. Sars customs investigations executive Patrick Moeng said they would continue to investigate. “Once we have assessed the risk at border posts, we will focus on strategy and capacity planning at non-designated ports.” He said customs currently only has a presence at commercial border posts, while non-designated ports just have a couple of representatives from other government agencies, such as the SAPS and Immigration. “Sars customs has a mandate to collect revenue and facilitate trade, but also to protect the local economy. That makes the issue of clothing and textiles compliance a priority. There have also been meetings with the SA Clothing and Textiles Workers Union this year, to explore ways we can improve the fight against illegally imported clothing, textiles and footwear.” He said the illegal imports had a huge impact on the local clothing and textile industry, as many factories have closed in the past few years as a result.“We are working on numerous clothing and textile cases worth millions of rand.” He said Sars has introduced a number of measures to address clothing and textile infringements this year. One is the introduction of new risk rules which have led to an increase in the number of stops and inspections of clothing and textile goods. Jared West, an attorney in the anti-counterfeiting unit at Spoor and Fisher, said counterfeiting is a big problem. “There are impacts on a wide range of sectors. The counterfeit goods are manufactured cheaper and they are brought in cheap as there are no taxes or duties paid.
Source: IOL
