The synthetic and rayon textile xports during April- November 2017-18 have been clocked at US $ 3553 million in value terms against US$ 3309 million during the corresponding period of previous year witnessing a growth of 7.37% informed Mr. Narain Aggarwal Chairman SRTEPC here. He said that the Ministry of Textiles has set an ambitious export target of US$ 7.53 billion for the current Financial Year for us. The export target is envisaged by about 20% growth in 2017- 18 from the exports achieved during 2016-17. So far during April– November 2017 about 50% of the export target has been achieved. However the prevailing uncertainties and challenges in the indirect taxation under the GST regime I am bit worried as to how the export target would be achieved. No doubt that in spite of various current odds & challenges the council members have been working very hard and I am optimistic that all of their efforts would yield desired results Mr. Aggarwal noted. During 2016-17 SRTEPC Chairman said synthetic and textile exporters could achieve an export turnover of US$ 5.85 bn against US$ 5.79 bn in the previous year registering a moderate growth of 1.5%. Exports of Fibre Yarn and Made-ups were showing growth by 8.49% 7.91% and 3.27% respectively whereas exports of fabrics declined by 7.59% last year Mr. Aggarwal said. The Indian MMF textile industry he said has been severely impacted due to import of cheap fabrics mainly by the traders who don’t actually use these imported fabrics. In this regard this Council has repeatedly represented to Government for increasing the duties on imported fabrics. Accordingly on the basis of the merit of the issue Government has in October last year increased the effective duties on import of the Manmade fibre fabrics covered under chapters 54 55 and 60. Similarly the industry needs governments’ urgent support to protect and save the yarn manufacturing units also. Yarns import into India has gone up substantially both in quantity and value. as per available detailed data imports of manmade yarns have increased about 20% in September 2017 compared to September 2016. Further there has been substantial surge in imports of Nylon Filament Yarn (NFY) into India from Vietnam as it is dumping this product at half of (50%) the manufacturing cost of domestic industry which is harming the domestic NFY manufacturing segment and creating unviable situation for the domestic players he said and added that tt is high time that Government should come forward to protect the domestic industry.
Source: Tecoya Trend
Dr. Kavita Gupta Textile Commissioner has exhorted members of Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) to give special focus to encourage investments in manufacturer of those specialty fibres which will promote all the 12 segments of technical textiles in India.Addressing a function organised by the council in city Dr. Gupta emphasised that if technical textile sgements have to really come up in India investments would be required in major areas of manufacture of specialty fibres including Meta Aramids Para Aramids Super Absorbent Fibres High Density Polyethylene High Modulus Polyethylene Fibres Carbon Fibres Glass Fibres High Tenacity Nylon Fibres Ceramic Fibres among others. It is high time that India becomes more competitive in technical textile sector which is a sunrise industry for textiles in India Textile Commissioner stressed. Dr. Gupta informed that Indian textiles at present is divided 30:70 between man-made fibres and cotton and the future is going to increasingly see the balance between the two since the manmade fibre requirement would escalate dramatically with the rising consumption of textiles and clothing in India. Growth of cotton fibres is limited due to limited availability of land for cotton cultivation. Therefore special endeavour would be required to boost the production of manmade fibres in India from the present 4 billion kg to 12 billion kgs. for achieving US $ 300 billion textile market (domestic and exports) by 2024-25 Textile Commissioner noted. On imports front Dr. Gupta informed that over the last few months imports of textile item have increased. In view of this increasing trend the textile industry needs to gear up and come up to the expectations and achieve competitiveness and quality textiles so that we would reduce imports she added.
Source: Tecoya Trend
Tirupur: The state governments should be empowered to decide on implementation of e-way bill based on the nature of the products and the industry, said Kerala finance inister T M Thomas Isaac. The CPM leader, who is also a GST council member, had an interaction session with representatives of knitwear industrialists in the city on Sunday. Every manufacturer should generate e-way bill if they want to transport goods worth beyond Rs 50,000 and 10km within the state. In case of the other states, it is mandatory, the minister said. "The e-way bill can be implemented if the goods would be transported to other states but if it is within state, the respective state governments should be allowed to decide on it based on the nature of products and the industry," said Thomas. "In Kerala, we have decided not to implement e-way bill for transporting latex. The job work and sub-contract companies will be severely affected if they were not exempted from e-way bill," he added. Commenting on demonetisation and GST, Dr Thomas said, "When GST was implemented, most of the industries welcomed it but the real demands and difficulties faced by micro, small and medium industries were not brought to the notice of the central government. Only the demands of the trade bodies which represent big players were taken into account." Implementing GST between many registered export companies, merchandising companies, and unregistered job work/sub I contract has been a major problem for them. Even after many months, GST input credit did not reach the companies, which were losing edge in international export competitiveness, he said. He also cautioned that the central government will likely implement Free Trade Agreements (FTAs) with many countries, so that many products including textile products could be imported without taxes from the countries including Bangladesh and Indonesia. The local players will be affected. All textile-oriented cities including Surat, Ludhiana and Erode, apart from Tirupur are facing similar problems. For all these industry-related problems and demands including the governments' contribution for improving infrastructure, representatives from textile industries across all those cities should work together on package of demands. And they should collectively put pressure on the central government. Since Lok Sabha polls were around the corner, their demands would be heard, he said.
Source: The Times of India
A comprehensive road map on research activities will be a feature in the textile policy to be unveiled by the State Government soon, according to K. Phanindra Reddy, Principal Secretary (Textiles, Handlooms, Handicrafts and Khadi). “All ideas that came from various stakeholders will definitely be incorporated into the textile policy,” he told The Hindu on Friday. He was here to inaugurate the ‘Textile Research Conclave,’ organised by Tirupur Exporters Association, Indian Texpreneurs Federation, and NIFT-TEA Knitwear Institute with the support of Union Textiles Ministry. Mr. Reddy said that the government had started promoting technical textiles production in the State through a series of programmes. “The department is planning to hold a workshop on technical textiles to encourage young entrepreneurs take up technical textiles. The participants will be taken for visits,” he added. Tirupur Exporters Association president Raja Shanmugam said that the bringing together of research organisations and industrialists on a single platform would help in product diversification. Prabhu Dhamodharan, convener of Indian Texpreneuers Federation, said that Indian apparel manufacturers had a great opportunity to grow considering the consumption potential in many of the untapped markets. “The market share of India even in our partner countries of BRICS (Brazil, Russia, India, China and South Africa) left a lot to be desired. For example, Russia imported ₹ 65,000 crore of textiles in 2016 of which India’s share was just ₹ 700 crore,” he said. Raw materials, and product diversification among others, were deliberated at the conclave.
Source: The Hindu
Mumbai: Three months after 18 farmers died of pesticide poisoning in Yavatmal district, the Maharashtra government has constituted a special investigation team (SIT) to probe if the five private firms, mentioned in the FIR, illegally sold Bt Cotton seeds with a mix of herbicide-tolerant transgenic gene. The team will also investigate the role of Mahyco Monsanto Bio Tech (India) Limited, in unauthorised production, stocking, and sale of herbicide-tolerant transgenic Bt Cotton seeds. The report will be submitted in a month. According to the FIR and forensic findings into the deaths, the BG-3 seeds sold to the farmers were herbicide tolerant, and the cotton plants remained unaffected even when they sprayed herbicide to remove the weeds. A visiting team of Central government officials from the field inspection and scientific evolution committee recommend the State to set up an SIT. Officials said the SIT will comprise Sanjay Barve, commissioner, Intelligence Department, and Subhash Nagre, joint director (Agriculture). “It will conduct a probe into the role of the seed companies, especially Mahyco Monsanto Bio Tech,” said additional chief secretary (Agriculture), Bijay Kumar. The SIT could recommend action, ask for documents, and register an offence. “It has come to our notice that many seed companies produced BG-3 seeds with transgenic Glyphosate tolerant trait and sold them in the market. Five companies have been found guilty as per the report of the Central Institute of Cotton Research. It is a clear case of violations since permission of the genetic engineering appraisal committee (GEAC) was not taken,” said Mr. Kumar, citing the FIR filed in October, last year. The Opposition, meanwhile, demanded an inquiry by the Central Bureau of Investigation. Maharashtra approved the sale of Bt Cotton seeds in 2002 with BG-1 having Cry1Ac gene. In 2006, the BG-2 sale was allowed with the approval of the GEAC. The BG-3 didn’t have the approval of the GEAC.
Source: The Hindu
One chapter of Indo-Pak (1947) partition dairy, one can read in streets of Asia’s popular textile market — Gandhi Nagar. The pain of separation from native is still in their heart but these fighter businessmen are resolved to mark their victory to make this market number one in global ranking. This market is hub of hundreds of businessman who started their journey to become a successful businessman about seventy years ago and with their continuous efforts and patience they have been successful to establish a market with over 30,000 shops and 10,000 in-house small cloth factories. The market hosts different people with various set of choices as it meets with the requirements of not only traders but people of different age group too. Des Raj Malhotra, president of Association of Wholesale Readymade Garments Market, Subhash Raod, said traders from Dubai, Chennai , Kolkata, Bihar, Haryana, Punjab and Rajasthan visit market for goods. “We bring cloths from Mumbai and Amritsar and sell majorly in North India,” said Malhotra. When asked GST and demonetisation impact on their business, the businessman replied with smile on his face, “The decisions of Modi Government did not affect much our trading business.” “Our entire network is doing business on five per cent tax theory, it is same as it was before the implementation of GST, we get benefit post-GST indeed,” he said. “Although we faced problems for 15 days during demonitisation, now everything is fine,” the president of market said. Another shop owner Shahil in Gandhi Nagar area said it is one of the most congested colonies in Delhi with a population of around 3.50 lakh. The Old Delhi market is popular for buying readymade clothes in kilogrammes. The narrow road in Gandhi Nagar market has retail outlets on both sides — traders on one side dealing with exclusive in Denim wear, instance -Jackets, Jeans and other sort of regular Denim. The narrow roads further split over a dozen lanes and these lanes named as Ashok Gali, Prem Gali, Guru Nanak Gali, together make the wholesale hub, with some traders having established their shops in less to very less area. According to Malhotra, the price of front face shops are in crores. In the wholesale market, there are many dealer distributors for the brands like Dare, Levis, Newport, Oxemberg, Pepe, Spykar, Lee Jeans, Nivea Casuals, Puff, Message Trouser, Taleta, Peter England, Defencer Shirt, Raymond suits, LeCarde Menswear, Gini and Jony, Liliput Kids wear. Migrated to Delhi from Kemghan village, 30 km away from India-Pakistan border, these punjabi traders are building the trust of their employees. “It is a rule of this market, it never send any worker empty stomach back. Thousands workers come here to earn their livelihood,” said a trader. “People earned from here and bought properties in sector areas,” said an owner of 15 shops in Ashok Gali. The Association president said that the market started with a few shops. In 1984, when Punjab was boiling during emergency, many traders came to Delhi and settled here. The market evolved further and now supply readymade garments in weekly markets in Chadni Chowk, Purana Quila, Gaziabad, Meerut , some rural areas in Gurugram and Rajasthan.
Source: The Pioneer
The Cotton Association of India (CAI) has lowered its estimates for cotton crop for the ongoing 2017-18 crop year at 367 lakh bales. Cotton Association of India has lowered its estimate by 8 lakh bales due to severe pink bollworm infestation in many parts of the country. The Cotton Association of India (CAI) has lowered its estimates for cotton crop for the ongoing 2017-18 crop year at 367 lakh bales. The association has released its January 2018 estimate of the cotton crop for the year 2017-18 beginning from October 1, 2017. The CAI has lowered its estimate for the ongoing season by 8 lakh bales. The reason is severe pink bollworm infestation, said Atul Ganatra, president of CAI. In accordance with the advice of the scientists, the farmers in several areas, particularly in Maharashtra and Telangana, have uprooted their cotton crop without waiting for further pickings, he said. The projected balance sheet drawn by the CAI estimated total cotton supply for the season at 417 lakh bales of 170 kg each, including the opening stock of 30 lakh bales at the beginning of the season, and the imports which the CAI estimated at 20 lakh bales for the 2017-18 crop year. The domestic consumption is estimated to be at 320 lakh bales while CAI estimates exports for the season to be 55 lakh bales. The carryover stock at the end of this season on September 30, 2018 is estimated to be 42 lakh bales. As per data received from each cotton growing local state association, the CAI estimates cotton arrivals up to January 31, 2018 at 211 lakh bales compared to 157.75 lakh bales arrived during the same period last season.
Source: Financial Express
Amazon India recently tied up with the Confederation of Micro, Small and Medium Enterprises under the Federation of Indian Chambers of Commerce and Industry (FICCI-CMSME) to promote business-to-consumer (B2C) exports in the country and enable Indian exporters to sell globally through joint training and workshops on its ‘global selling program’. Amazon’s ‘global selling program’ enables convenient access for all Indian exporters to sell their products to consumers across 10 international marketplaces. The events will bring in experts from Amazon, FICCI-CMSME and service providers to help manufacturers and potential exporters in appreciating the procedures and requirements related to logistics, taxation and cataloguing and will guide them through the entire process of exporting through the e-commerce route, Indian media reported citing a statement from the company. (DS)
Source: Fibre2Fashion
|
Item |
Price |
Unit |
Fluctuation |
Date |
|
PSF |
1438.84 |
USD/Ton |
-0.17% |
2/10/2018 |
|
VSF |
2314.83 |
USD/Ton |
0% |
2/10/2018 |
|
ASF |
2568.51 |
USD/Ton |
0% |
2/10/2018 |
|
Polyester POY |
1371.46 |
USD/Ton |
0% |
2/10/2018 |
|
Nylon FDY |
3535.67 |
USD/Ton |
0% |
2/10/2018 |
|
40D Spandex |
5787.08 |
USD/Ton |
0% |
2/10/2018 |
|
Polyester DTY |
3757.64 |
USD/Ton |
0% |
2/10/2018 |
|
Nylon POY |
5993.19 |
USD/Ton |
0% |
2/10/2018 |
|
Acrylic Top 3D |
1621.17 |
USD/Ton |
0% |
2/10/2018 |
|
Polyester FDY |
3305.77 |
USD/Ton |
0% |
2/10/2018 |
|
Nylon DTY |
2806.34 |
USD/Ton |
0% |
2/10/2018 |
|
Viscose Long Filament |
1625.14 |
USD/Ton |
0% |
2/10/2018 |
|
30S Spun Rayon Yarn |
3028.31 |
USD/Ton |
0% |
2/10/2018 |
|
32S Polyester Yarn |
2208.60 |
USD/Ton |
0% |
2/10/2018 |
|
45S T/C Yarn |
3028.31 |
USD/Ton |
0% |
2/10/2018 |
|
40S Rayon Yarn |
2362.40 |
USD/Ton |
0% |
2/10/2018 |
|
T/R Yarn 65/35 32S |
2552.66 |
USD/Ton |
0% |
2/10/2018 |
|
45S Polyester Yarn |
3155.15 |
USD/Ton |
0% |
2/10/2018 |
|
T/C Yarn 65/35 32S |
2663.64 |
USD/Ton |
0% |
2/10/2018 |
|
10S Denim Fabric |
1.48 |
USD/Meter |
0% |
2/10/2018 |
|
32S Twill Fabric |
0.91 |
USD/Meter |
0% |
2/10/2018 |
|
40S Combed Poplin |
1.27 |
USD/Meter |
0% |
2/10/2018 |
|
30S Rayon Fabric |
0.71 |
USD/Meter |
0% |
2/10/2018 |
|
45S T/C Fabric |
0.75 |
USD/Meter |
0% |
2/10/2018 |
Source: Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.15855 USD dtd. 10/2/2018). The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same
People shop at the Swedish fashion retailer Hennes & Mauritz (H&M) store on its opening day in central Moscow, Russia, May 27, 2017. The total export from Bangladesh to the US was $5.27 billion in 2017, down by 3.98% from 2016. Of this, only $204 million was from non-apparel products Bangladesh lost its apparel export market share in US markets to close competitors last year, data released by the US government shows. Stakeholders say the country is facing this problem due to losing price competitiveness and lack of product diversification. According to the US Department of Commerce’s Office of Textiles and Apparel (Otexa) data, Bangladesh’s export earnings from US saw a 4.46% fall to $5.07 billion in 2017, which was $5.30 billion a year ago. Bangladesh’s market share in US apparel market came down to 6.31% from 6.58%. Vietnam, one of the closest competitors of Bangladesh, registered over 7% growth in the US apparel market, followed by Mexico at 5.33%, India at 1.19% and Pakistan at 1% in the same period. China, the largest exporter of apparel products, also saw a decline in export earnings as well as market share in the US. According to Otexa, China’s export to US saw a 3.17% fall, while market share came down to 33.67% in 2017 from 34.69% in the previous year. The total export from Bangladesh to the US was $5.27 billion in 2017, down by 3.98% from 2016. Of this, only $204 million was from non-apparel products. “Right now, price competitiveness is a big challenge for Bangladesh in the global markets. The production cost has gone up due to safety improvement spending as well as wage hike. The advantage of cheap labour is over,” Exporters Association of Bangladesh (EAB) president Abdus Salam Murshedy told the Dhaka tribune. “Meanwhile our competitors have gained competitiveness due to government policy support and incentives,” said Salam. “The fall in Bangladesh’s earnings from apparel exports to the US is bigger than the total drop in US apparel and textile imports,” Centre for Policy Dialogue (CPD) Research Director Khondaker Golam Moazzem told the Dhaka Tribune. According to Otexa data, US import of apparel products has seen a 0.49% fall to $80.28 billion in 2017, which was $80.68 billion a year ago. American buyers have stopped placing work orders to factories in shared buildings, which is another reason behind the fall. “But there is hope in the coming year as Bangladesh has made significant progress in workplace safety,” said Moazzem. Since the economic slowdown in the US still impacting the demand of clothing products, the buyers have cut prices of products, he added.
How to regain market share in the US
As buyers keep relocating their businesses from China to more competitive countries, Bangladesh needs to focus more on attracting these buyers and on new foreign investment. Product diversification is a must to retain consumers. As per the data, Vietnam is the major beneficiary of China’s shift in terms of work orders and investment as it has diversified products and has better infrastructure, said Moazzem. The government and manufacturers have to concentrate on creating a congenial business and investment atmosphere tp do the same. To remain price competitive in the global market, the government should focus on increasing its support to increase the industry’s capacity, said Salam, the managing director of Envoy Textile. “Automation is a key to reduce production cost but it needs more reinvestment,” he said.
Source: Dhaka Tribune
CAIRO – Egypt’s Minister of Public Sector Affairs Khaled Badawi discussed the settlement of Cotton & Textile Industries Holding Company’s debt with deputy chairman of National Investment Bank (NIB), Mahmoud Montasser, according to an official statement. The statement showed that Cotton & Textile Industries Holding Company’s debt amounted to LE 10 billion ($565.04 million) due to the accumulation of interests. The minister of public sector affairs said that a consensual agreement must be reached to serve the interests of both the National Investment Bank and the Cotton & Textile Industries Holding Company. Badawi clarified that Cotton & Textile Industries Holding can ink a protocol to determine the method and the required procedures for the settlement of the debt within a clear schedule and assign some of its real estate assets to the bank. Badawi suggested that the NIB participates in financing the restructure of the company according to feasibility studies prepared previously, especially in cotton and yarn companies. In January, Egypt’s parliament approved a new bankruptcy law to boost the investment climate; the law regulates the financial and administrative restructuring for failed projects and companies, and abolishes prison sentences in bankruptcy cases, limiting punishments to a monetary fine. It also aims to minimize the need for companies or individuals to resort to the courts and to simplify post-bankruptcy procedures. The new law allows any business that is close to bankruptcy to have the option of conciliation with its creditors or of restructuring its financial position.
Source: Egypt Today
LAHORE: A proposal to cut the cost of energy for textile exporters, especially from Punjab, looks likely to die a natural death awaiting the prime minister’s nod, according to the commerce and textile minister. “Yes, a proposal to reduce the cost of doing business for making our exports viable on the international markets is on the table,” Minister for Commerce and Textile Pervaiz Malik briefly told Dawn on Saturday. “I don’t know if it will be approved before the budget. I cannot say.” A senior official in the textile minister confirmed to this reporter that the proposal had been on the table of Prime Minister Shahid Khaqan Abbasi for several weeks now. “We are not sure if it will be accepted… the government is not in a position to ‘upset’ the International Monetary Fund (IMF) at the moment because the proposed package will have substantial impact on the budget deficit and inter-corporate power sector debt,” he said on condition of anonymity. The ministry has suggested a cut of Rs2 per unit in the cost of electricity supplied to the export-oriented industries besides halving the price of RLNG (re-gasified liquefied natural gas) to 600mmBtu for factories in Punjab. Basic textile manufacturers contend that the viability of the industry has now reached a point where massive closures of factories across the value chain are imminent in Punjab because of much-higher-than-regional gas and power prices as energy constitutes 35pc of their conversion cost. “Gas price for the (Punjab) industry has been increased to Rs1200 per mmbtu from December last year against Rs600 per mmbtu in Sindh, Khyber Pakhtunkhwa and Balochistan. In addition, the users of grid electricity have to pay an additional surcharge of Rs3.6 per unit on their bills to make up for the losses incurred by distribution companies because of power theft and transmission losses,” a yarn exporter noted. He pointed to the rising trade deficit and the inelastic nature of the country’s imports, saying that efforts like regulatory duties were failing to reduce the deficit and there was no other option other than raising exports or further borrowing. Imports in January surged by 14.2 per cent month-on-month, according to latest data released by the Pakistan Bureau of Statistics. Exports, meanwhile, registered a slight decline of 0.3pc, after accounting for the depreciation of the rupee, suggesting that the rise in exports seen since July might be tapering off. Year-on-year increase in exports during January, however, was 11pc.
Source: Dawn.com
LAHORE - The All Pakistan Mills Association (APTMA) Chairman Aamir Fayyaz has demanded a uniform energy price of Rs600 per MMBTU to revive the $4 billion closed capacity in Punjab besides attracting new investment to the sector to generate billions of dollars exportable surplus. "Unless the government ensures an immediate restoration of the viability, the textile industry would be unable to compete and deliver for the economy," he stressed. He deplored that the government was not proactive in controlling the energy price for the industry, which becomes 35 percent of the conversion cost. Particularly, he added, the Punjab-based textile industry's viability is being hit hard due to the energy cost. According to him, the government has withdrawn system gas from the industry while leaving it totally relying upon the costlier RLNG. It is very difficult for the industry in Punjab to pay around Rs1300 per MMBTU for the same RLNG, which is available at Rs600 per MMBTU for the textile mills in Sindh and Khyber Pakhtunkhwa. Meanwhile, a surcharge of Rs3.63 per kWh is being charged from the industrial consumers on independent feeders despite zero line losses. He said the textile mills in Punjab were paying for the power theft by other consumers on the system. Eventually, the industry in Punjab is becoming uncompetitive as well as redundant with every passing day while the government policy makers are slumbering over the issue. Not only this, the country is being burdened by the widening gap of trade deficit, which can easily be overcome through increase in exports, he added. He said the government should ensure a single gas price of Rs600 per MMBTU across the country, as the existing difference in price for the mills in Punjab versus the rest of the country is unbearable. Similarly, the availability of electricity should be ensured at Rs7 per kWh without surcharge, which is a regionally competitive energy price. Any further delay in resolving the issue may challenge the national security soon the oil prices hit through the roof internationally, he warned. Chairman Aptma has appealed to Prime Minister Shahid Khaqan Abbasi and Chief Minister Punjab Shahbaz Sharif to ensure single gas price across the country that should also be regionally competitive. He said the earlier announcement of competitive energy price and other measures taken by the Federal Textile Board should be implemented immediately under a long term policy for the textile industry increase export for narrowing the trade deficit.
Source: Dawn.com
HCM CITY — Though Việt Nam remains a big importer of textile feedstock and accessories from China, its rising exports to China is a promising sign, according to the Việt Nam National Textile and Garment Group. Customs data shows imports from China in 2017 were high at US$9 billion, or 42.7 per cent of all textile-related imports, and 12 per cent higher than in 2016. Việt Nam often imports raw materials also from South Korea and Taiwan. South Korean products cost a fourth of Chinese products while Taiwanese products cost a fifth. Last year, Việt Nam’s imports from China included over $6 billion worth of silk, $2 billion worth of leather and $800 million worth of threads. However, according to the Việt Nam Textile & Apparel Association (Vitas), textile exports to China have been rising steadily, going up from $2.2 billion in 2015 to $3.2 billion last year. Vitas expects the figure to continue rising. Vitas said China’s imports of Vietnamese textile products are not taxed because of the ASEAN – China Free Trade Area while imports from countries such as India and Pakistan incur a 3–5 per cent tax. China is one of Việt Nam’s top five textile export markets. Since that country has the world’s largest population, its market can be extensively segmented offering a great opportunity for local textile products. Việt Nam’s textile and garment exports were worth $31 billion last year. — VNS
Source : Vietnam News
The global market of technology driven clothing is about 150 million, where Bangladesh stake is about zero. Technology will define the future of Bangladesh apparel industry as the global buyers are moving towards the smart-wear and tech driven products, says a manufacturer. Talking to the Dhaka Tribune, Mostafiz Uddin, the managing director of Denim Expert Limited said: “The fashion industry is witnessing the advent of exciting new technology, which will change the future of the business. As an apparel maker, Bangladesh has to exploit these opportunities.” Bangladesh Apparel Exchange, of which he is the founder, is organizing the first ever Bangladesh Fashionology Summit in the capital today. “To get higher value products, we have to concentrate on tech-driven manufacturing. Global buyers do not want to teach Bangladesh to go into tech-driven manufacturing as they want to source basic and cheap products from here,” said Mostafiz. “My vision is to inform the Bangladeshi manufacturers about the latest technology to encourage to go investment. It will help us enter a new era of tech-driven manufacturing, ultimately taking Bangladesh to value added products,” he said. In sports wear, the manufacturer has introduced technology, which sucks west and give comfort. The global market of technology driven clothing is about 150 million, where Bangladesh stake is about zero, he added. “As a result, we have to investment in such a factory which is not current and can manufacture higher-end products such as smart wear products. This will also increase the sector’s efficiency,” he added. In the summit, the organiser will display tech-driven garments brought from different countries including Germany, France, Netherlands and the United kingdom to make manufacturers familiar with the technology. “Price is a challenge for Bangladesh and introducing technology like robots can reduce products cost and make exporters price competitive in the global market,” Mostafiz said. In today’s tech-based industry, no one can deny the necessity of technology in the clothing industry as e-commerce and online sales are increasing every day, while technology is changing fashion trends.” Customers and fashion brands can be benefited by innovation of fashion technology as it helps get the update of the latest fashion trend as well as brands can reach their targeted clients. Relationship between technology and fashion industry will continue to grow and the manufacturers will have to adapt to satisfy brands and buyers, he added. Bangladesh Apparel Exchange, an initiative to promote the country’s ready-made garment sector, is going to organize the day-long international summit with the aim to attract a wide spectrum of fashion, technology and innovation stakeholders across the entire sector. Apparel stakeholders including brands, RMG manufacturers, fabrics producers and software service providers from around the world will participate in the summit to discuss the latest products, technologies and innovations that will shape the future and dominate the fashion industry, said Mostafiz. “We want to bring the most inspiring and innovative thinkers and companies from around the globe together under one roof to initiate the much-needed conversations around technology, digitalization and innovation in the apparel and fashion industry. This will help to guide our nation and transform it into the next-generation apparel manufacturing and marketing hub using latest digital technology and advancements.”
Source: Dhaka Tribune
International suppliers from many countries displayed textiles, trims, accessories, manufacturing and private label development services and finished apparel for buyers, designers and experts at the Winter 2018 editions of Texworld USA and Apparel Sourcing USA. The two featured a record-breaking 371 exhibitors from 14 countries and over 4,000 visitors. The show showcased textiles with innovative structures, material mixes and surprising color palettes across 14 product categories. Show attendees were able to view the latest textile trends, materials, fabrics and more with an exclusive opportunity to network and meet designers and suppliers from around the world while taking advantage of complimentary educational seminars. Exhibitor, Global Textile, said, “Our company has been to other trade shows and this is the most planned and organised. The visitors are more focused and know what they want, know what they like, and it makes for a great experience. We are doing great business and are able to find exactly what the US market wants.” “As organisers, we recognise that our responsibilties extend far beyond providing a space for the industry to do business here in New York City. We believe in building a true industry event that unites the best talent from the industry with access to education and valuable resources, as well as a chance for our vibrant community to connect and exchange ideas. We are also aware of the changing fashion ecosystem. Texworld USA and Apparel Sourcing are dedicated to contributing to the fashion industry worldwide,” said Jennifer Bacon, show director, Fashion & Apparel. Texworld‘s educational seminar series, organised by Lenzing Fibers returned for Winter 2018 with sessions hosted by curated panels of industry experts discussing the global textile and sourcing landscape including sustainable solutions and the circular economy. Featured discussions were led by Sourcing Journal, Eileen Fisher, Trend Council and NSF International. Textile Talks were also a continued success at this year’s show led by StartUp FASHION, Lenzing Fibers, Fashionindex, BF+DA and more. Texworld’s USA Trend Showcase returned curated by Texworld’s art directors, Louis Gerin and Gregory Lamaud. Together they brought their vision and expertise for the upcoming season. Attendees were inspired as the trend display area featured fabrics from exhibitors at the show. Visitors also had the opportunity to take a peek at the newest colours and textile offerings for Spring/Summer 2019. New to the show floor, Texworld USA launched the “Explore the Floor” series featuring tours that allowed attendees to walk the show floor with seasoned industry experts in an intimate setting. With a focus on sustainable business and products, these tours allowed attendees to gain knowledge about different exhibitors and emerging trends. Apparel Sourcing USA Winter 2018 welcomed exhibitors specialising in womenswear, menswear, children's, and accessories, with a highlight on a true style icon - Denim. This spotlight featured exhibitors specialising in denim and allowed attendees to gain more knowledge on how denim is evolving. This year’s show featured installation Denim Dogs created by artist, Moon Heemin showcasing intricate dog sculptures made of denim. The designer considered the project as a study of animals in a very imaginative way. Additionally, it served to be an artistic interpretation in fabric and colours brought together.
Source: Fibre2fashion
Manufacturers are seeing a sloth in investment in Bangladesh’s apparel industry and they have identified the crisis of gas, power and scarcity of land asset as the prime reasons behind it. Bangladesh Textile Mills Association (BTMA) acting President Mohammad Ali Khokan said, “There has been much improvement in the power sector but not enough for a large industry like RMG.” He was speaking at the inauguration ceremony of the 15th edition of a major machinery exhibition ‘Dhaka International Textile & Garment Machinery Exhibition 2018’ at Bangabandhu International Conference Centre on February 8, 2018. The BTMEA Chief called upon Bangladesh Government for cordial assistance in industrial planning and overall support to the blooming garment industry of the country, which occupies over 82 per cent of the country’s total export share. State Minister for the Ministry of Finance and Planning MA Mannan, who chaired the event as the chief guest, said, “The apparel business in the mother of all industrialisation. Bangladesh currently stands second in global apparel export next to China.” He added that in the near future, Bangladesh will be more innovative with our products. The country will improve its apparel quality and, at one point, it will surpass China as the biggest apparel exporter. The fair is jointly organised by BTMA and Yorkers Trade and Marketing Company.
Source: Apparel Resources News-Desk
Livestock producers and cotton farmers will receive some help thanks to a late night session in Washington this week. The news is very good for Texas livestock producers who suffered heavy losses to hurricane and wildfire disasters in 2017. After a late night Spending Bill discussion, Senate leaders approved a two-year budget deal that, among other things, removes a $125,000-per-producer payment cap on disaster assistance for loss of livestock in the livestock indemnity program (LIP). The bill also retroactively removes the cap to include qualifying disaster losses during all of 2017. The spending bill was signed by President Trump Friday, which clears the way for additional funds to Texas livestock operators who suffered losses in federally-declared emergency disaster areas, including farmers and ranchers across eight Panhandle counties who lost livestock to wildfires, and farmers in forty counties in south and southeast Texas who suffered livestock losses due to Hurricane Harvey. Qualifying producers will benefit because after the March wildfires that ravaged parts of the Panhandle, federal officials discovered that the payment limitations of the livestock indemnity program covered only only 70 cow calf pairs. Producers who lost livestock to the wildfires and in Hurricane Harvey will now receive coverage above the former cap, meaning additional aid could soon be on the way. In addition to removing payment limits in the LIP, the new legislation also expanded some coverage to livestock that were not destroyed immediately but lost in the following weeks of those disasters, provided those deaths were directly related to disaster conditions. The removal of the annual payment cap also affects Emergency Assistance for Honey Bees and Farm-Raised Fish Program and those who suffered disaster losses in those operations. Farm Service Agency officials contacted on Friday say no immediate numbers of cattle losses that were previously exempt from coverage because of payment caps would qualify under terms of the new legislation, but a Texas Department of Agriculture spokesman said that number could be significant because in some cases, producers lost entire herds to last year's disasters.
Cotton safety net
Relief for livestock producers who suffered losses to disasters are not the only ones to benefit from the new spending bill. The government will continue to operate until Mar. 23, though technically a shutdown would have been required if the President failed to sign the bill early Friday. The Stopgap measure provides funding for non-essential government functions while allowing time for a new omnibus bill for 2018 that is to include an additional $80 in defense spending and an additional $63 million for non-defense programs. In addition, the new spending bill makes seed cotton eligible for commodity support programs through the farm bill, a major win for America's cotton growers who have been producing higher cotton quality and yields in recent years, but who are breaking even at best, or suffering losses as a result of low prices and global competition. Dairy farmers emerged as winners as well. A $20 million cap on the livestock gross margin program has been removed and changes were made to the margin protection program, which is expected to improve coverage. Officials at the National Milk Producers Federation said the changes to these programs will benefit risk management of the industry moving forward. Yet another provision of the spending bill was designed to bring relief to investors and operators of the biodiesel industry. Congress retroactively revived the $1-per-gallon tax incentive program for biodiesel to the beginning of 2017. However, the legislation does not authorize extending the tax incentive to 2018 as a number of lawmakers expressed concern about program costs. Finally, the new legislation doubles the acreage eligible for Tree Assistance, an issue important to Sen. Debbie Stabenow (D-Mich.), a ranking member of the Senate Ag Committee. USDA reports more information about payments provided for in these changes will be worked out and further instructions will soon be released to producers on procedures required to make additional claims for disaster losses.
Source: Southwest Farm Press
ISLAMABAD: The Standing Committee on Commerce and Textile Friday recommended Public Sector Development Programme (PSDP) proposals of Ministry of Commerce and Textile amounting to Rs.25,626.577 million for the financial year 2018-19. According to press statement issued by the National Assembly Secretariat here, the the meeting of the committee was held under the chairmanship of MNA, Siraj Muhammad Khan. The Committee was separately apprised about the proposed PSDP of Commerce and Textile Divisions, the statement added. Additional Secretary, Commerce Division informed that the Division had proposed allocation of PSDP fund amounting to Rs.8550 million for financial year 2018-19 for seven projects. The projects include establishment of new Exp-Centers at Islamabad, Quetta and Faisalabad, expansion or remodeling of Expo-Center at Karachi, provision hostel and transport facility to student at Pakistan Institute of Fashion and Design, Lahore and an ongoing project relating to Expo-Center at Peshawar. Secretary Textile Division apprised the Committee about the proposed PSDP allocation for the project of Textile Division. He informed that Rs.11012.372 million had been proposed for 5 new projects whereas Rs.6064.205 had been proposed for 7 projects, which were being resubmitted for approval by the Planning and Development Division. Apprising the Committee about the new projects, the Secretary said that the projects include establishment of National Textile University (NTU) Campus at Quetta, Garment City Project at Karachi, construction of new library at NTU campus at Faisalabad and implementation of system for standardization of high quality cotton. He also apprised the committee the projects being resubmitted for approval related to PM Skill Development Program for Textile Industry and studies for climatic change, recycling of organic wastes, restoration of soil fertility and cost management in cotton production and marketing. The Committee after thorough discussion recommended the entire proposed PSDP of the Ministry for inclusion in Budget for next financial year. The Committee expressed satisfaction on the progress and implementation of its recommendations by the divisions concerned. The Committee directed Commerce Division to expedite the proposed amendment in Pakistan Tobacco Board Act which would ensure supply of registered and certified Tobacco seed to the growers. Among others, the meeting was attended by Haji Muhammad Akram Ansari, Minister of State for Commerce and Textile, MNAs Ch. Asad-ur-Rehman, Seema Mohiuddin Jameeli, Ms. Tahira Aurangzeb, Ms. Zeb Jaffar, Dr. Shezra Mansab Ali Khan Kharral, Nazir Ahmed Bughio, Ms. Mussarat Ahmad Zeb, Ms. Sajida Begum, Dr. Fouzia Hameed, Sanjay Perwani, Secretaries Commerce and Textile Divisions and Senior Officers of the concerned departments.
Source: Business Recorder
The orders index for textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, rose 29 percent for the period from October to December 2017 compared to the same period for the previous year. The index value, which has a basis of 100 established in 2010, stood at 120.9 points. The growth rate affected both foreign markets, for which the index registered an absolute value of 128 points, up 23 percent, and the domestic market in Italy, which saw an increase of 72 percent compared to the period from October to December 2016, for absolute value of 94.5 points. On an annual basis, the index registered an average increase of 18 percent compared to 2016. Domestic orders were up 36 percent, a significant rise that stands to confirm the effectiveness of the government’s measures to support investments by Italian manufacturers, ACIMIT said. Foreign markets also registered a substantial increase in orders for the entire year of 16 percent. Alessandro Zucchi , president of ACIMIT, said, “The orders index for 2017 confirms that our sector is in good health, with a production trend that has been growing since 2015.” Based on updated data for the first nine months of 2017, Italian exports increased 10 percent compared to the same period in 2016, with solid performances by Italian businesses in the industry in all major markets. In Italy, the measures envisaged in the National Industrial Plan 4.0 were responsible for launching purchases of advanced machinery, ACIMIT noted. The plan, launched last year, offers tax incentives to the industrial sector to encourage competitiveness and investment in innovation. “The textile sector is currently constrained, more than ever before, to attentively look into the applications offered by Industry 4.0,” Zucchi said. “Demand in the industry is evolving continuously and the concept of time-to-market is taken to extremes, so that the required production processes must be just as fast and interconnected to meet the demands of end consumers. Nonetheless, it would have been difficult to imagine such a significant leverage effect from the 4.0 incentives.” ACIMIT represents an industrial sector comprising around 300 manufacturers, employing close to 12,000 people and producing machinery for an overall value of about 2.7 billion euros, with exports amounting to more than 85 percent of total sales. Italy’s textile machinery is known for its creativity, sustainable technology, reliability and quality. In November, ACIMIT opened the Italian training center for textile machinery at the Ho Chi Minh City University of Technology in Vietnam, which Zucchi said “provides a further opportunity to consolidate the presence of Italy’s textile machinery sector in this emerging market.” Financed by the Ministry for Economic Development, as part of the Extraordinary Program for the promotion of Made in Italy – Country Project Vietnam, the project intends to support the development of the local textile industry through the realization of a technology center, specifically for the production of men’s socks and hosiery, outfitted with a complete line of Italian machinery and equipment. The Vietnamese market represents the eighth largest destination for Italian exports, with textile machinery constituting the primary export sector to Vietnam among the various machinery types.
Source: Journal Online
The robust holiday sales season at the end of 2017 is likely spurring what some are calling a comeback for the retail apparel sector. The 4.9 percent sales boost over the holidays, the highest annual increase in seven years, likely continued in January, according to a New York Post report, with consumers spending on wardrobe items. "We believe apparel is making a comeback," Craig Johnson, chief executive of Customer Growth Partners, told the Post. The firm expects apparel sales to be up more than 3 percent this month.
Source: Retail Customer Experience
"Planted cotton acreage is just one of the factors that will determine supplies of cotton and cottonseed," says Dr. Jody Campiche, vice president, Economics & Policy Analysis, National Cotton Council. NCC survey says 2018 U.S. cotton acres will increase 3.7% over 2017. U.S. cotton producers intend to plant 13.1 million cotton acres this spring, up 3.7 percent from 2017, according to the National Cotton Council’s 37th Annual Early Season Planting Intentions Survey. Upland cotton intentions are 12.8 million acres, up 3.8 percent from 2017, while extra-long staple (ELS) intentions of 254,000 acres represent a 1.0 percent increase. The survey results were announced today at the NCC’s 2018 Annual Meeting in Fort Worth, Texas. “Planted acreage is just one of the factors that will determine supplies of cotton and cottonseed,” says Dr. Jody Campiche, vice president, Economics & Policy Analysis, National Cotton Council. “Ultimately, weather, insect pressures and agronomic conditions play a significant role in determining crop size.” With abandonment assumed at approximately 15 percent for the United States, cotton belt harvested area totals 11.1 million acres. Using an average U.S. yield per harvested acre of 842 pounds generates a cotton crop of 19.4 million bales, with 18.7 million upland bales and 744,000 ELS bales. The NCC questionnaire, mailed in mid-December 2017 to producers across the 17-state cotton belt, asked producers for the number of acres devoted to cotton and other crops in 2017 and the acres planned for the coming season. Survey responses were collected through mid-January. History has shown that U.S. farmers respond to relative prices when making planting decisions. During the survey period, Campiche noted that cotton futures prices were stronger relative to competing crops. “The price ratios of cotton to corn and soybeans are more favorable than in 2017. However, soybeans are expected to provide competition for available acres in 2018, due in part to the lower production costs relative to cotton” adds Campiche. “While cotton prices have improved relative to other crops, cottonseed prices are at the lowest level since the 2006 marketing year, thus increasing the net costs of ginning.” Survey respondents in the Southeast indicate a 2.3 percent increase in the region’s upland area to 2.6 million acres. All six states show an increase in acreage. In Alabama, the survey responses indicate 0.8 percent more cotton acreage and less wheat, soybeans, and other crops. In Florida, respondents indicated more cotton and soybeans and less other crops, likely peanuts. In Georgia, cotton acreage is expected to increase by 0.6 percent. Georgia growers expect to plant less soybeans and more corn and other crops, likely peanuts. In North Carolina, an 8.2 percent increase is expected as acreage moves away from soybeans. In South Carolina, cotton acreage is expected to increase by 3.4 percent, while corn acreage is expected to decline. Cotton acreage is expected to increase by 3.1 percent in Virginia as acreage moves away from wheat and other crops. In the Mid-South, growers have demonstrated their ability to adjust acreage based on market signals. The relative prices and potential returns of competing crops play a significant role in cotton acreage. Mid-South growers intend to plant 1.9 million acres, a decrease of 0.1 percent from the previous year as some land is shifted to soybeans. Across the region, Louisiana and Mississippi intend to decrease cotton acreage, while Arkansas, Missouri, and Tennessee expect to increase acreage. The largest decline was reported in Mississippi with 5.5 percent less cotton acreage in 2018. In Tennessee, cotton acreage is expected to increase by 1.5 percent as land shifts away from corn and wheat. Missouri growers expect to increase cotton acres by 3.8 percent and plant less corn and soybeans. In Louisiana, respondents intend to plant 2.6 percent less cotton acreage, more soybeans, and less of all other crops. All states in the Mid-South except Missouri intend to plant more soybeans in 2018. Southwest growers intend to plant 8.0 million acres of cotton, an increase of 5.7 percent. Increases in cotton area are expected in each of the three states. In Kansas, producers intend to plant 55.3 percent more cotton acres, along with more wheat and other crops, likely sorghum. Kansas growers intend to plant less corn and soybeans. In Oklahoma, a 21.0 percent increase in cotton acreage is expected as wheat acreage declines. Oklahoma respondents report a small increase in other crops. Overall, Texas acreage is expected to increase by 3.7 percent. Texas respondents expect to plant more wheat acres and less corn and other crops. Far West producers are expecting to plant 293,000 upland cotton acres – a 6.8 percent decrease from 2017. Arizona is responsible for the largest decrease, with California acreage down slightly and New Mexico acreage up slightly. The survey results for Arizona suggest a shift from upland cotton to ELS cotton, corn, and other crops. In California, growers intend to plant more wheat and corn. Many producers will continue to face difficult economic conditions in 2018. Production costs remain high, and unless producers have good yields, current prices may not be enough to cover all production expenses. “We remind all growers that these expectations are a snapshot of intentions based on market conditions at survey time. Actual plantings will be influenced by changing market conditions and weather,” concludes Campiche.
Source: Delta Farm Press
