The Synthetic & Rayon Textiles Export Promotion Council

MARKET WATCH 11 DEC, 2018

NATIONAL

INTERNATIONAL

SRTEPC welcomes new duty drawback rates on MMF textiles

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has welcomed the new duty drawback rates announced by the Government of India. Stating that the increased rates will provide relief to the exporters, SRTEPC chairman Narain Aggarwal said the drawback rates declared now need to be enhanced at least up to 6 per cent to 7 per cent. The maximum increase of drawback rates on MMF textiles is by about 1.5 per cent and also the product of nylon filament yarn (dyed) has been added under drawback code as 540203 at the rate 6.7 per cent with a cap of ₹31.2/kg. Aggarwal expressed his gratitude to the government for hearing SRTEPC’s plea and urged to consider the recommendations forwarded by the SRTEPC. Requesting for upward revision of the drawback rates, he said it would help the exporters face the competition in the overseas market. He also thanked SRTEPC members for their kind cooperation and support in substantiating the data. He has also sought support and cooperation of the industry in the matter for more favourable rates in the future. (RKS)

Source: Fibre2fashion

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India's textile-apparel exports fell slightly in H1 FY19

India's overall textile and apparel exports in H1 FY19 stood at $18.4 billion, showing a decline of 1 per cent from the previous year, according to the latest Wazir Textiles Index (WTI). During the same period, textile and clothing imports increased by 4 per cent compared to the previous year, said the findings on the market performance of textile sector. Export of all the categories except apparel have grown in H1 FY19 as compared to H1 FY18. Apparel exports saw a decline of 16 per cent this half year, largely attributed to the decline in apparel exports to the UAE, which have dropped inexplicably by 55 per cent during H1 FY19. India’s overall textile and garment exports to UAE also declined by around 50 per cent during first half of FY19. The EU, US and UAE remained the top export destinations for India’s textiles and garment products, WTI said. On the import front, all categories except fibre saw an increase in H1 FY19. Apparel imports increased sharply by 56 per cent, primarily due to the impact of reduced effective import duties post GST for imports from countries like China and Bangladesh. China continues to be the largest import partner for India, however, the imports declined marginally by 0.4 per cent in H1 FY19 as compared to the previous year. Assessing the cumulative financial performance of the top Indian textile companies, the report said that the consolidated sales of the top 10 selected companies were ₹21,272 core in H1 FY19 as compared to ₹19,378 crore in H1 FY18, growing by 10 per cent year-on-year. As compared to H1 FY18, the average EBITDA margin increased by 1.1 percentage points to reach 13.8 per cent in H1 FY19. “Consolidated raw material cost constituted 52.3 per cent of sales in H1 FY19, while consolidated manpower cost constituted 10.2 per cent of sales. Raw material and manpower cost as a percentage of sales have remained almost stagnant during H1 FY19 as compared to H1 FY18. This reflects in the growing profitability of the top Indian textile companies,” the report said. (RKS)

Source : fibre2fashion

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Country’s 1st textile university proposed in Harpur

Nagpur: The state government’s Cooperation, Marketing and Textile Department has proposed to develop a textile university at Harpur on Umred Road in South Nagpur. If the plan materializes, it will be the nation’s first textile university, according to textiles secretary Atul Patne. The Nagpur Improvement Trust (NIT) has been appointed as nodal agency for planning and construction of the university which is to be developed on the State Handloom Corporation’s two-acre land. The State Handloom Corporation own five acres of land. The administrative building of the corporation will come up on one acre and other related infra on the remaining two. The NIT board of trustees in the meeting held recently appointed Nela Designers of Harish Chandani as architect and project management consultant of the project. “A few courses related to textile are available in some colleges. But there is no dedicated university for textiles. We plan to invite an international institution running a textile or related university to set it up,” said Patne. As 80% of powerloom industries of the nation are situated in the state, a “textile university in Maharashtra will encourage the sector to a great extent”, according to Patne. Patne added that new sources of textile will be explored through the proposed university. “Non-conventional yarn is being produced from cotton at present. A high quality non-conventional yarn can be produced from Deccan bull, sheep, banana, bamboo etc. Courses related to these sources will be introduced in this university,” he said. The secretary also said courses related to powerloom, handloom, spinning mills, silk, hosiery etc will also be introduced in this industry. “Interested persons learn these skills by seeing the work of people in these fields. There is no courses available in ITI, polytechnic and engineering colleges to educate the students on these fields. All these will be provided in the Textile University. Also, we can develop new technologies in these fields,” he said. Patne said the textile university was part of the textile policy launched by the government. “Various other types of initiatives have been also taken under the textile policy,” he said.

Source: Times of India

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Sustainability, industry trends at Asia Print Expo

Important areas such as environment, sustainability, current and future industry trends, colour management, and screen, digital and textile printing will be discussed in various seminars at Asia Print Expo 2019 which is to be held during February 21-23, 2019 in Bangkok, Thailand. The conference programme and names of speakers have been confirmed. The conference programme is free to attend for all visitors to the exhibition. Simultaneous translation in Thai and English will be available for every seminar presented by both local and international speakers. Each day will offer a mix of seminars covering screen, digital and textile printing as well as environmental issues and sustainability. Graeme Richardson-Locke, technical support manager at FESPA, will present a daily seminar on colour management, which will look at what are the main benefits of implementing an ICC based colour managed workflow, where to begin with colour management and ISO standards and the road to certification. Visitors interested in current and future industry trends should attend the daily FESPA Print Census sessions hosted by Sean Holt, executive director at FESPA. In this seminar Holt will share the outcomes of the 2018 FESPA Print Census, looking in particular at the issues and trends shaping the print industry. Sean will also look ahead to the next Print Census, exploring how and why the research forms the backbone of strategic business planning and helps printers to spot emerging trends to help them grow their business. On February 22, Dmitry Sarbaev, managing director at Fluxmall DTG Vietnam will host a session on how to start a successful direct-to-garment printing (DTG) business, where he will look at the essential questions print service providers (PSPs) need to ask when developing a business plan. The session will provide attendees with the best available tools and valuable insights to ensure success in their DTG businesses. Also on the same day, Keith Ferrell, general manager at Cactus Imaging, one of Australasia’s leading specialty print businesses, will host a seminar on diversification in the printing business, where Ferrell will look at the emerging trends in the industry to help PSPs diversify their businesses, based on his own experience at Cactus Imaging. Other sessions during the week will cover signage and the corrugated industry in Southeast Asia, as well as business-focused seminars and workshops. Roz Guarnori, exhibitions director at FESPA, comments: “Our conferences are an important part of any FESPA event. The seminars at our past events in Asia have proven extremely popular with the regional audience of printers and sign-makers, who are continually looking to increase their technical and commercial knowledge. With seminars presented by both local and international speakers, visitors will get a feel for both local and global trends in the industry.” (SV)

Source: Fibre2fashion

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Quilt India Foundation Announces Events at India's First Quilt Festival

Quilt India Foundation (QIF) announced that the first India Quilt Festival (IQF 2019) will be held in Chennai from 25-27 January, 2019. The festival includes Quilt Show Competition, Workshops where participants can learn from renowned Indian and International faculty, curated quilted exhibits from different parts of the world and private collections. The Quilt show and Special Exhibits can be viewed at Sri Sankara Hall, TTK Road, Chennai. Visitor entry to the festival is free. Tina Katwal, Director-Shows, says - "We are extremely pleased and excited to hold this festival for the first time in India. The festival has been planned to run on the lines of Quilt shows organized across the world with elements of competition, exhibition, education and a market place. We invite quilters in India and overseas to participate in the competition segment of the Quilt Show." The categories for the competition section of Quilt show include - Traditional, Modern, Art, Novice and Theme Quilts. While the 'Novice' category is aimed at Quilters who have been quilting for 2 years or less, the 'Theme' Quilts will revolve around IQF 2019 theme 'The Dance of the Peacock'. Awards for the Competition quilts will be sponsored by leading Indian and Global brands. In addition to the Competition section, the curated section - 'Quilts Across Time and Nation', will showcase Antique Indian Quilts and Quilts from different regions of India in addition to Quilts from USA, Egypt, South Korea and other countries. "We are extremely happy to have some of the leading names in the Industry as faculty for the workshops. These workshops are an opportunity for Quilters in India to learn about Quilting techniques - traditional and modern - from world over. QIF also aims to revive traditional Indian Quilting traditions and our workshops reflect that." - Katwal adds. In addition to the full day workshops spread across the 3 days of India Quilt Festival, lectures by eminent Quilters and Authors are also planned. Workshops and lectures will be held at WelcomHotel, Cathedral Road, Chennai. The festival also has Vendor Booths and a Makers' market for Quilting related machines, fabrics, notions as well as Quilted products. Visitors can also check out product demos of leading sewing machine brands at their pavilions. Textile tours are also planned to coincide with the festival. These experiential tours include trips to Kerala, Pondicherry and Kutch. Revival of Quilting in India Promoting Quilting as an art form and a commercially viable craft Providing a common platform for Quilters in India Bringing Indian Quilting to the International Scene Bringing suppliers of sewing and quilting related items closer to the buyers Providing a platform for artists and quilters to showcase and sell their products Providing opportunities for Sewing and quilting enthusiasts at all levels of competence to learn new techniques from experts QIF aims to hold Quilting and Textile art related events across India.

Source: Business Standard

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Rupee closes at three-week low of Rs71.34 vs dollar

The currency fell as much as 53 paise in intraday trade on Monday on deepening concerns over the political uncertainty in the wake of the results to key state elections. Portfolio investments saw net inflows this month amounting to .17 billion in equity and debt as of December 10. The rupee on Monday slipped to 71.34 against the dollar, a three-week low, against the previous close of 70.80 on Friday. Post the resignation of Reserve Bank of India (RBI) governor Urjit Patel later in the evening, the non-deliverable forwards (NDF) market indicated a weakening in the currency to levels of 72 to the greenback. Currency market participants said the possibility of crude oil prices rising further following OPEC’s decision to cut production by $1.2 million barrels a day was one reason for the weakness in the currency. Moreover, the weak current account deficit (CAD) for Q2FY19, at $19.1 billion or 2.9% of the GDP, fuelled by a huge merchandise deficit of $50 billion, also hurt the sentiment. The currency fell as much as 53 paise in intraday trade on Monday on deepening concerns over the political uncertainty in the wake of the results to key state elections. Portfolio investments saw net inflows this month amounting to $1.17 billion in equity and debt as of December 10. November had witnessed a seven-month high portfolio investments amounting to $1.8 billion (FPI investments) in equity and debt. The record inflows were preceded by outflows amounting to $7.9 billion together in September and October, with the highest sell-offs in the automobile and mining sectors, according to a report by Kotak Institutional Equities. On Friday, the rupee had staged a mild recovery to close with a gain of 0.14% against the dollar in line with a rally in domestic stocks and positive global cues. The dollex had risen to 96.57 levels in Monday’s trading session before softening/tightening somewhat. The dollex has been falling for the past three trading sessions amid escalating tensions over the US-China trade war and rising crude prices.

Source: Financial Express

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JNPT cuts export dwell time of cargo by 31 pc to 63 hours: Shipping Secy

New Delhi :  India's largest container port JNPT has significantly cut export dwell time of cargo by 30.7 per cent to 63 hours and is developing an e-market portal for evacuation of import containers within 24 hours from the terminal, a top official said Monday. JNPT is one of the top 12 major ports in the country under the shipping ministry. It has contributed significantly in improvement of India's rank in World Bank evaluation in the parameter 'Trading Across Border' from 146 to 80. "Export dwell time at JNPT which was hovering around 91 hours in 2014-15 has been reduced to 63 hours in September 2018. Ministry of Shipping has been continuously striving for faster cargo evacuation and reduced dwell time at the port," Shipping Secretary Gopal Krishna told . The port has taken a slew of steps to encourage direct port delivery (DPD) through its terminals by simplifying the registration processes, rationalising the handling charges and removing the need for deposits besides creating physical infrastructure to cope with increased DPD clientele. The port is also working on introducing a transport arrangement to serve the dual purpose of reducing congestion in the port access road as also in operations. "Studies conducted for improving cost and dwell time at JNPT have indicated that around 2,500 trailers bringing boxes from JNPT's deep hinterland return empty from the port, even when over 3,000 import containers are lined up for evacuation to container freight station (CFS) at any point of time," the secretary said. He said another 3,000 empty trailers move separately to the terminals to evacuate the imported containers. "The port proposes to avoid the unproductive movement of over 5,000 empty trailers by this new intervention. The plan is to create an e-market portal which allocates an import container to the trailers once it drops export containers on their return leg," he added. The import containers could be destined to any of the CFSs, he said adding, the transport rates to different CFSs will be pre-decided and notified. The container vehicle can deposit the import container at the destined CFS and collect the agreed rate, Krishna explained. He said the uncleared container will be deposited in the custom area of the CFS and the DPD (customs cleared but not picked up in the designated time) will be deposited in the buffer area of the CFS. The secretary said the movement of the container will be electronically tracked for security purpose and the portal will ensure the evacuation of import containers within 24 hours from the terminal. He said the proposed solution incorporates an inclusive agenda to sustain the employment of the existing local transporters in the unorganised sector as well and will also bring down pollution and parking issues.

Source: Economic Times

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SA textile firm seeks big business opportunities in Egypt

Sithenjiwe Masuku, entrepreneur and managing director of T-Legacy Components SA, shows off her products, which include gumboots, conti-suits, gloves, safety boots and reflective vests for mine workers, construction and industrial workers. Picture supplied: dti Sithenjiwe Masuku, entrepreneur and managing director of T-Legacy Components SA, shows off her products, which include gumboots, conti-suits, gloves, safety boots and reflective vests for mine workers, construction and industrial workers. Sithenjiwe Masuku, managing director of T-Legacy, says it is an enormous opportunity for her emerging export firm to be involved in the Intra-African Trade Fair. Gauteng-based clothing and textile firm, T-Legacy Components SA, has said that it was determined to explore big business opportunities at the inaugural Intra-African Trade Fair (IATF) this week, starting tomorrow in Cairo, Egypt. Sithenjiwe Masuku, the managing director of T-Legacy, said it was an enormous opportunity for her emerging export firm to be involved in a trade fair of such magnitude. “I am hoping to establish some trade leads and also amplify my business brand to North Africa and beyond. I am looking forward to the big opportunities that lie ahead for my company. My priority is to grow as a business and also penetrate new markets,” Masuku said. T-Legacy Components has been in the business for fourteen years manufacturing gumboots, conti-suits, gloves, safety boots and reflective vests for mine workers, construction and industrial workers. The company received financial backing from the Department of Trade and Industry’s (the dti) Export Marketing and Investment Assistance (EMIA) Scheme to participate at the trade fair. The seven-day trade show provides a platform for sharing trade, investment and market information, as well as enabling buyers and sellers, investors and countries to meet, discuss and conclude business deals. It will encompass trade and investment seminars, business-to-business meetings and site visits. Masuku said the dti had been instrumental for the growth of her company over the years, adding that the partnership was important to establish South Africa as manufacturing hub that can compete with global brands on the African continent. “The continuous assistance from the dti with regards to exhibitions and missions is without a doubt important to help us to further increase our footprint in the continent. The trade fair in Egypt will be historical for South Africa and all these efforts from the dti will have a positive impact on business and will help boost our economy,” Masuku said.

Source : Citizen

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Finland looks to forests for clothing inspiration

HELSINKI -  A team at Aalto University has, through the use of Ioncell technology, designed and produced an evening gown made of Finnish birch trees. The Ioncell process, developed by both Aalto University and the University of Helsinki, creates textile fibres from raw materials, which include wood, recycled newspaper or cardboard and old cotton textiles. The fibre created can be recycled, unlike cotton or viscose. The project has risen to prominence after Jenni Haukio, the wife of Finnish President Sauli Niinistö, wore the gown for an event at Helsinki’s Presidential Palace.

Source : EcoTextile

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Canada will be potential market for Vietnamese export garments

HÀ NỘI — Canada will be a potential market for Việt Nam’s export garment products when the Comprehensive Partnership and Trans-Pacific Partnership (CPTPP) takes effect in early 2019, according to Lê Tiến Trường, general director of Việt Nam National Textile and Garment Group (Vinatex). Trường said although the CPTPP does not include the US - which accounts for nearly half of Việt Nam’s annual garment export value, it has other great potential markets such as Australia, New Zealand, Chile and Canada. Canada imports textiles and garments worth of US$13.3 billion per year. However, Việt Nam’s textile and garment export value to Canada has reached only about $550 million a year, he said. Meanwhile, Việt Nam the CPTPP is Việt Nam’s first free trade deal including Canada. To seize this opportunity to access the Canadian market, Vinatex has sought Canadian garment enterprises and provided them information about Vietnamese export textile and garment products. Specifically, Vinatex sent a delegation of local textile and garment companies to Canada to look for opportunities with textile and garment importers in this market, including Hà Nội Textile and Garment Joint Stock Corporation (Hanosimex), Hòa Thọ Textile and Garment Joint Stock Corporation, Đức Giang Corporation and Phong Phú Corporation. In Canada, the firms introduced their potential and strong points to potential partners. Phong Phú’s representative said the corporation learned about the demand for textile and garment products of this market via direct contacts with Canadian customers. Next, it will set up production plans to achieve its goals in Canada. Meanwhile, Hanosimex introduced its production meeting yarn rules of origin for two products. It has met 12 companies and introduced to them 40 kinds of cotton towel and knitwear. Hanosimex has looked for more input material suppliers in Việt Nam or other member countries of the CPTPP to diversify commodities and build a flexible production model to meet demand from contracts of large volume with medium quality to contracts of small volume with high quality products. Besides of trade promotion activities held by Vinatex, Hòa Thọ Textile and Garment Joint Stock Corporation has connected with 14 customers to introduce 15 samples of trousers and suits made from Vietnamese, Thai and Indian materials. — VNS

Source: Vietnam News

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The UK Fashion and Textile Association is taking over the management of Textiles Scotland from 1 January.

UKFT and Textiles Scotland have strong historical links and said the move provides new opportunities for Scottish companies by being part of a wider network while retaining a national, Scottish focus. The Textiles Scotland branding will be continued, as will the Scottish focus of the activities, support and government lobbying.  From 1 January, existing Textiles Scotland members will be transferred to a new company called UKFT Scotland. UKFT Scotland will join the main UKFT board and UKFT CEO Adam Mansell will join the Scottish Industry Leadership Group. James Lang, chairman of Textiles Scotland, said: “UKFT’s commitment to working with the industry to deliver our current plan of activity, while plugging into a wider fashion, leather and textiles network makes it a perfect partner for Textiles Scotland. This new partnership allows us to focus on high-value growth opportunities in international markets and adopt an industry-wide approach, which is genuinely committed to innovation and best practice to ensure future success.” Nigel Lugg, chairman of UKFT, added: “The transaction will ensure that Scottish companies have a national and international voice and significantly furthers our aim of creating a highly profitable and productive UK fashion and textiles industry.”

Source : Draperonline

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