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Gta edition 26 july 2021
- 1. MAHENG/2007/20880 Vol. 12 No. 269 Mumbai, Monday, 26 July 2021 Posted Under Regn. No. PLG/67/2021-2023 Pages 07 BSE (23 July 2021) - Reliance 2,105.20 15.80 (-0.74%) Welspun India 127.15 0.75 (-0.59%) Raymond 448.25 11.25 (-2.45%) COVID – 19 UPDATE WORLD INDIA USA 194,778,840 Total Cases Total Deaths 4,174,326 31,409,639 Total Cases Total Deaths 420,996 35,197,171 Total Cases Total Deaths 626,761 Maharashtra Tamil Nadu Karnataka NCT of Delhi 6258079 Total Cases Total Deaths 131429 2546689 Total Cases Total Deaths 33889 2893556 Total Cases Total Deaths 36352 1435844 Total Cases Total Deaths 25041 For More Turn to Page 02 Contact Us SHREYA PRINTS PVT. LTD. vatsalshorewala@shreyaprint.in +91 81302 77312 www.shreyaprint.in Where quality meets consistency “ “ Shreya Prints is a figment of the widely acknowl- edged Em Gee Group and a leader in the velvet manufacturing Industry. Being a part of the in- dustry for more than four decades, we have pio- neered a plethora of different innovative textile processing solutions and have become trend set- ters for the same. Our capabilities include in house weaving, pre- treatment, dyeing, finishing, and printing of all kinds of velvet fabrics. Our wide range of fabrics are used for apparels, upholstery and home fur- nishings. Manufacturers and Exporters of Quality Velvet Fabrics New Delhi: In cotton season 2019- 20 (1.10.2019 to 30.09.2020), Cotton Corporation of India(CCI )opened 423 procurement centre in 12 cotton growing states to safeguard the cotton farmers from distress sales. During Global Pandemic, CCI procured 20.72 lakh bales valuing Rs. 5615 crore from 4 lakh cotton farmers. However, during the entire cotton season 2019-20, CCI made a record procurement of 105.15 lakh bales (equivalent to around 546.80 lakh quintals kapas) and an amount of Rs. 28500 crores was disbursed to around 21.50 lakh cotton farmers directly into their bank accounts. During current cotton season 2020- 21 (1.10.2020 to 30.09.2021), CCI opened more than 450 procurement centres in all cotton growing state. CCI continued its procurement of cotton under MSP operations since beginning of season to avoid the eventuality of distress sale by farmers and has procured 91.89 lakh bales so far (equivalent to around 482 lakh quintals kapas). CCI disbursed an amount of Rs. 26,700 crores to around 19 lakh cotton farmers. To achieve the desired success in the Scheme for Integrated Textile Park (SITP),Government of India provides financial assistance to a group of entrepreneurs to establish state-of-the- art infrastructure facilities in a cluster for setting up their textile units, conforming to international environmental and social standards and thereby mobilize private investment in the textile sector and generate fresh employment opportunities. Under SITP, Industry Associations, Group of Entrepreneurs and Agencies of the State Governments are main promoters of the Integrated Textile Parks (ITPs). Special Purpose Vehicles (SPVs) are formed by the representatives of the Local Industry, Financial Institutions, State Industrial and Infrastructural Corporations, and other agencies of State and Central Governments. The SPVs shall invariably be a Corporate Body registered under the Companies Act. The textile parks under various stages of implementations are reviewed by the PAC time to time. CCI opens more Centres in 2020-21
- 2. * To receive Global Textiles & Apparels by E-mail * To get more detailed report in your sphere of activity * To get additional Statistics * To get SMS AlertS * To Sell or Buy * To appoint Executives or recruit Staff * To get Quarterly Results published RAHUL VINOD SOOD Global Textiles & Apparels Address all correspondence to: Do U Want..... 69, Bhagya, Rashmi Park Bungalow Complex , Dhumaal Nagar Valiv Vasai Rd, Vasai East, Thane 401208 - (0) 9834710185 - 9923581468 - editor@gtanews.in, editor.gta@gmail.com 02 www.gtanews.in Global Textiles & Apparels, Mumbai, Monday, 26 July 2021 Associations & Company affairs BSE (23 July 2021) COVID – 19 Cases (Top 20 Country) on estimate Country Total New Total New Total New Active Cases Cases Deaths Deaths Recovered Recovered Cases State Active Recovered Deceased Confirmed Cases Cases Cases Cases Maharashtra 96833 6029817 131429 6258079 +7332 +224 +6269 Kerala 138626 3099469 15969 3254064 +15507 +98 +18531 Karnataka 23928 2833276 36352 2893556 +2050 +29 +1857 Tamil Nadu 24025 2488775 33889 2546689 +2583 +27 +1819 Andhra Pradesh 22358 1916914 13241 1952513 +2737 +18 +2174 Uttar Pradesh 932 1684471 22749 1708152 +99 +01 +38 West Bengal 11891 1492878 18064 1522833 +920 +08 +730 NCT of Delhi 587 1410216 25041 1435844 +52 +66 Chhattisgarh 2789 984737 13511 1001037 +410 +03 +156 Odisha 17201 943069 5445 965715 +1865 +68 +1864 Rajasthan 328 944242 8952 953522 +26 +27 Gujarat 342 814265 10076 824683 +42 +39 Madhya Pradesh 149 781077 10512 791738 +29 +06 Haryana 740 759360 9617 769717 +35 +01 +13 Bihar 530 714223 9637 724390 +125 +02 +75 Telangana 9625 627254 3780 640659 +749 +02 +647 Punjab 771 581712 16258 598741 +78 +02 +83 Assam 15726 536597 5114 557437 +1788 +23 +1595 Jharkhand 276 341518 5124 346918 +54 +02 +33 Uttarakhand 611 333703 7359 341673 +28 +33 COVID – 19 Cases (Top 20 States) on estimate Company Name Last Price % Chg 52 wk 52 wk Market Cap High Low (Rs. cr) Textiles & Apparels Welspun India 127.15 -0.59 134.50 33.05 12,775.08 Alok Industries 25.50 -2.67 44.60 18.25 12,661.36 KPR Mill 1,813.90 -1.80 1,902.00 408.25 12,481.45 Lux Industries 4,053.95 4.36 4,120.00 1,112.00 12,190.91 Trident 17.60 -0.85 19.37 5.90 8,968.88 Garware Technic 3,446.40 0.12 3,640.50 1,631.90 7,105.85 Indo Count 226.30 3.48 230.95 49.85 4,467.15 Rupa and Comp 470.35 -0.86 519.95 150.05 3,740.44 Swan Energy 142.50 2.44 164.70 108.20 3,480.66 PDS Multi 1,220.00 -1.52 1,257.50 254.85 3,177.70 Raymond 448.55 -2.45 473.90 233.00 2,986.16 Arvind 104.75 -3.55 112.10 27.55 2,712.23 Himatsingka Sei 240.65 -4.58 278.10 61.20 2,369.37 Filatex India 99.30 0.56 117.75 22.50 2,209.08 Mayur Uniquoter 491.35 -0.45 545.95 209.45 2,190.32 Bombay Dyeing 103.00 -3.24 109.45 58.40 2,127.31 Siyaram Silk 403.00 0.89 454.40 127.00 1,888.86 Dollar Ind 314.80 0.54 366.95 124.95 1,785.42 Jindal Worldwid 77.30 -1.65 90.50 44.00 1,550.02 Future Life 71.90 -0.21 159.95 46.95 1,450.76 Indo Rama Synth 53.05 -3.11 62.65 13.75 1,385.21 Sutlej Textiles 73.95 -2.18 81.05 17.75 1,211.51 Nahar Spinning 330.00 -0.78 343.90 31.70 1,190.15 Kitex Garments 172.95 -4.05 224.45 91.75 1,150.12 Kewal Kiran 919.45 -0.21 1,036.00 669.00 1,133.23 Ganesha Ecosph 502.05 -0.32 687.70 215.00 1,095.94 Nitin Spinners 194.40 0.57 197.50 34.95 1,092.92 Rajapalayam 1,138.80 5.39 1,155.00 478.67 980.00 Sportking India 2,902.15 -2.77 3,197.00 210.05 964.04 Century Enka 433.45 -0.61 478.00 153.90 947.11 Cheviot Company 1,415.65 -1.97 2,055.55 500.00 887.17 RSWM 362.85 -1.13 380.85 68.40 854.54 Gokaldas Export 187.10 -3.68 226.00 40.30 804.50 Ambika Cotton 1,403.95 -2.90 1,475.00 421.00 803.76 S P Apparels 298.65 -2.99 330 62 767.31 Monte Carlo 354.05 -0.69 378.00 154.00 734.02 Pearl Global In 313.85 -1.24 349.00 101.10 679.92 Vishal Fabrics 100.75 -1.56 372.15 40.75 663.64 Sangam India 128.60 -4.99 152.80 45.10 558.40 Nahar Ent 117.00 0.52 122.20 22.75 466.07 Ruby Mills 277.90 0.20 299.65 140.40 464.65 Mallcom (India) 645.00 0.58 721.25 211.05 402.48 Loyal Textiles 794.00 0.12 865.00 202.00 382.43 AYM Syntex 76.10 -0.85 86.90 20.30 380.77 Ashima 19.75 -1.25 21.50 5.00 378.53 Binny 165.00 -3.25 184.70 73.00 368.27 Banswara Syntex 207.20 -1.43 221.70 60.05 354.64 Zodiac Clothing 137.75 -2.92 153.80 85.05 341.06 Nandan Denim 69.60 -4.98 76.90 18.25 334.42 Sarla Performan 39.85 -4.55 45.35 15.55 332.76 JCT 3.74 4.76 3.74 0.73 324.76 Bombay Rayon 9.98 -1.96 15.85 6.31 316.84 Ginni Filaments 39.85 -2.21 42.20 9.41 315.41 Shri Dinesh Mil 540.00 -0.09 580.50 86.05 302.43 Surat Textile 13.58 4.95 13.58 2.03 301.56 JBF Industries 36.25 -4.98 50.20 6.80 296.79 Maral Overseas 70.75 -4.26 76.00 10.77 293.67 Donear Ind 54.00 -0.09 55.50 190 280.80 Bannari A Spg 88.65 4.97 108.20 35.10 279.32 Pasupati Acrylo 30.10 1.69 32.45 8.40 268.29 Indian Acrylics 18.98 -3.75 21.25 7.00 256.84 Shiva Texyarn 187.00 -5.05 213.60 70.25 242.40 Mafatlal Ind 171.00 -4.04 196.00 74.00 238.11 Deepak Spinners 325.15 2.46 340.00 53.90 233.76 Lakshmi Mills 3,220.00 -1.76 3,538.95 1,403.05 223.97 Super Sales 710.00 1.02 739.00 200.20 218.08 VIP Clothing 24.15 5.00 24.15 5.80 199.47 Orbit Exports 71.90 3.08 88.55 52.00 196.88 Jasch Ind 163.85 -3.13 174.00 21.10 185.64 KG Petrochem 316.85 4.99 359.25 78.85 184.26 Indian Terrain 43.65 -0.80 52.35 24.15 179.37 Lovable Lingeri 118.95 0.30 145.60 47.45 176.05 Suryalata Spg 409.00 0.88 425.70 70.30 174.52 Pioneer 61.20 3.64 64.50 18.80 162.74 Premco Global 477.00 -0.14 525.10 63.80 157.64 SPL Industries 53.15 -3.36 57.85 23.00 154.14 TT 69.35 -3.95 75.40 29.25 149.09 VTM 36.45 0.14 42.70 17.25 146.63 KG Denim 55.50 -2.89 59.65 17.40 142.29 Amarjothi Spin 199.30 -2.78 223.00 45.45 134.53 Junction Fabric 130.00 -2.73 139.95 38.00 130.50 R&B Denims 90.50 4.02 91.35 25.20 126.65 Winsome Textile 59.50 -4.95 68.95 11.67 117.93 Damodar Ind 49.65 0.40 56.95 20.10 115.68 Sambandam Spin 270.10 1.50 279.40 45.20 115.19 Reliance Chemo 149.50 7.52 152.50 47.95 112.78 Suryalakshmi Co 66.50 -5.00 76.00 14.80 110.87 Bhilwara Tech 18.96 4.98 18.96 3.25 110.68 Sumeet Ind 10.04 -4.92 12.78 1.63 104.06 Weizmann 58.60 4.18 70.45 24.25 101.21 Raghuvir Synth 253.35 4.99 275.00 171.5 98.17 RRIL 12.50 2.80 16.50 1.57 98.07 Salona Cotspin 185.45 -5.12 210.25 42.20 97.59 Lambodhara Text 93.75 -3.45 111.80 25.25 97.29 World 194,778,840 405,750 4,174,326 6,319 176,736,863 285,944 13,867,651 USA 35,197,171 12,500 626,761 48 29,511,906 5,451 5,058,504 India 31,409,639 38,153 420,996 411 30,571,399 35,909 417,244 Brazil 19,688,663 18,129 549,924 424 18,349,436 8,676 789,303 Russia 6,126,541 24,072 153,874 779 5,490,634 18,678 482,033 France 5,993,937 15,242 111,622 6 5,675,383 771 206,932 UK 5,697,912 29,173 129,158 28 4,450,204 7,587 1,118,550 Turkey 5,601,608 14,230 50,934 55 5,421,148 5,211 129,526 Argentina 4,846,615 7,506 103,721 137 4,493,984 13,648 248,910 Colombia 4,727,846 11,048 118,868 330 4,487,973 10,818 121,005 Italy 4,317,415 4,743 127,949 7 4,123,209 1,001 66,257 Spain 4,280,429 81,221 3,683,457 515,751 Germany 3,762,958 1,108 92,037 1 3,644,900 800 26,021 Iran 3,691,432 27,146 88,800 268 3,256,856 17,684 345,776 Indonesia 3,166,505 38,679 83,279 1,266 2,509,318 37,640 573,908 Poland 2,882,146 82 75,242 1 2,653,279 58 153,625 Mexico 2,741,983 15,823 238,316 362 2,140,327 10,539 363,340 South Africa 2,377,823 9,718 69,775 287 2,158,183 11,015 149,865 Ukraine 2,248,450 286 52,847 12 2,184,195 159 11,408 Peru 2,102,904 195,795 N/A N/A N/A Netherlands 1,843,521 4,584 17,800 4 1,664,425 637 161,296 Czechia 1,672,409 69 30,357 1,638,881 5 3,171
- 3. WEAVING THE WARP & WEFT Wellknown Polyesters Ltd. prides in being the state-of-the-art manufacturing facility which promises to deliver commitment in the form of modern age products. Technologically sound, Wellknown, is the largest producers of quality polyester yarns using unparalleled technology, Barmag- Wings with EVO for POY and FDY- the first manufacturerstoimplementintheworld. The modern manufacturing facility, equipped with the latest Oerlikon Barmag technology for Continuous Polymerization (CP), POY, FDY, PSF, DTY, & ATY is a testament toitsqualitydeliverance. Spreading its wings across 50+ countries, fortified with specialized yarns of over 200 varieties, Wellknown is a force to reckon for whenitcomestoundisputedexcellence. Excellence weaved in every achievement! 14th Floor, B wing, Nirmal, 241/242, Backbay Reclamation, Nariman Point. �umbai � 400021 Tel.: 91-022-66207000 Fax.: 91-022-66207050 Email : info@wellknown.net.in Website : www.wellknown.net.in 03 www.gtanews.in Global Textiles & Apparels, Mumbai, Monday, 26 July 2021 Associations & Company affairs NewDelhi:TheOfficeofDevelopment Commissioner (Handicrafts) implements various schemes for promotion and development of handicraft sectors and artisans through “National Handicraft Development Programme (NHDP)” and Comprehensive Handicrafts Cluster Development Scheme (CHCDS) to emphasize integrated approach for development of handicraft in a holistic manner and provide sustainable livelihood opportunities to the artisans. In addition, artisans also can connect and help each other in the various programmes of DC (Handicrafts) as common platform. The NHDP has following components: i. B a s e L i n e S u r v e y & M o b i l i z a t i o n o f A r t i s a n s u n d e r AmbedkarHastshilpVikasYojana, ii. Design & Technology Up gradation, iii. Human Resource Development, iv. Direct Benefit to Artisans, v. Infrastructure and Technology Support, vi. Research and Development, vii. Marketing Support & Services. The CHCDS has following components: i. Mega Cluster. ii. Special projects under Integrated Development and Promotion of Handicraft (IDPH). Rs. 32.71 lacs have been sanctioned for capacity building in the district Darjeeling, Kalimpong and North Dinajpur and 319.08 lacs has also been sanctioned for providing marketing support to handicraft artisans from the state of West Bengal including the artisans from the said districts under NHDP schemes. State- wise Assistance extended under NHDP & CHCDS schemes from 2015-16 to June 30, 2021 (Rs. In Lakhs) Schemes implement for Promotion & Development of Handicraft Sectors States NHDP CHCDS Total A & N Islands 279.91 - 279.91 Andhra Pradesh 2260.1 2838.31 5098.41 Arunachal Pradesh 367.81 - 367.81 Assam 4355.76 - 4355.76 Bihar 1446.33 1130.33 2576.66 Chandigarh 229.43 - 229.43 Chhattisgarh 1143.22 - 1143.22 Daman and Diu 8.5 - 8.5 Delhi 12832.05 - 12832.05 Goa 115.56 - 115.56 Gujarat 3361.3 308.33 3669.63 Haryana 1014.56 - 1014.56 Himachal Pradesh 2000.88 632.82 2633.7 Jammu and Kashmir 1405.42 3114.83 4520.25 Jharkhand 1114.79 1500.00 2614.79 Karnataka 923.05 173.49 1096.54 Kerala 984.92 909.00 1893.92 Ladakh 48.63 - 48.63 Madhya Pradesh 2137.6 1573.52 3711.12 Maharashtra 2681 - 2681 Manipur 1423.1 175.27 1598.37 Meghalaya 1574.64 - 1574.64 Mizoram 283.05 - 283.05 Nagaland 646.2 - 646.2 Odisha 1469.17 - 1469.17 Puducherry 1590.34 - 1590.34 Punjab 2138.27 - 2138.27 Rajasthan 1846.77 4048.29 5895.06 Sikkim 1575.42 - 1575.42 Tamil Nadu 846.61 1019.23 1865.84 Telangana 1873.99 675.37 2549.36 Tripura 472.75 - 472.75 Uttar Pradesh 6603.26 5161.77 11765.03 Uttarakhand 3714.63 1012.50 4727.13 West Bengal 1228.88 - 1228.88 New Delhi: With a view to catalyze technology upgradation and modernization in textile industry in the country to make it globally competitive, Ministry of Textiles is implementing Technology Upgradation Fund Scheme Centre Takes Series of Measures for Technology Upgradation & Modernization in Textile Industry S. No. Segment Rate of CIS 1. Garmenting, Technical Textiles 15% subject to an upper limit of Rs 30 crores 2. Weaving for brand new Shuttle-less Looms (including weaving preparatory and knitting), Processing, Jute, Silk and Handloom. 10% subject to an upper limit of Rs 20 crores 3(a) Composite unit /Multiple Segments - If the eligible capital investment in respect of Garmenting and Technical Textiles category is more than 50% of the eligible project cost. 15% subject to an upper limit of Rs 30 crores 3(b) Composite unit/ Multiple Segments - If the eligible capital investment in respect of Garmenting and Technical Textiles category is less than 50% of the eligible project cost. 10% subject to an upper limit of Rs 20 crores (TUFS) since 1999. The ongoing version of the scheme i.e. Amended TUFS (ATUFS) launched in January 2016 aims to augment investment, productivity, quality, employment, exports alongwith import substitution. One time capital investment subsidy (CIS) is provided under ATUFS for eligible investment on benchmark machinery. Rates of CIS provided to various segments along with ceiling under ATUFS. The Government has approved Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) for all export goods excluding garments and made-ups with effect from 01.01.2021 to boost exports and for making them globally competitive. Under this scheme, embedded Central, State and local duties/taxes are refunded to the exporters. On 14.07.2021, the Government has decided to continue Rebate of State and Central Taxes and Levies (RoSCTL) Scheme w.e.f 01.01.2021 till 31.03.2024 for textile exporters of Apparel/Garments (Chapters-61 & 62) and Made-ups (Chapter-63) in exclusion from RoDTEP scheme for these chapters. Mumbai: Nandani Creation Limited had announced plans to invest nearly ₹10 crore on offline expansion. The fashion firm is preparing to raise its store count to 20-25 by the end of 2023. It has already opened two offline stores in the past few months. It is also is in the process of moving to the main board of the National Stock Exchange. Key cities in Rajasthan, including Kota, Sikar, Jodhpur, Udaipur, Bhilwara, Ganganagar, Neemrana and Alwar, have already been identified for offline expansion. For fiscal 2022-23, the company will focus on big cities like Pune, Gurgaon, Indore and Delhi. The company will hire more than 250 professionals to work in logistics, ground operations, designing, production, sales, marketing and other departments, according to a report in a top English-language daily in West India. Nandani Creation to invest on offline expansion China: According to the General Administration of Customs, China (GACC), the country upped its worldwide garment and accessory shipment by 40.30 per cent to US $ 71.53 billion in January-June ’21 period as against US $ 51 billion in the corresponding period of 2020. Of total value, garments contributed US $ 59.28 billion, while accessory shared US $ 12.25 billion. In June ’21, the shipment got an M-o-M boost of 24.21 per cent and valued US $ 15.15 billion. According to official data, textile export of China plunged 7.40 per cent on Y-o-Y basis to US $ 68.56 billion in H1 ’21, dropping by around US $ 5.50 billion from the value registered in H1 ’20. China’s Garment Export in H1 ’21
- 4. 04 www.gtanews.in Global Textiles & Apparels, Mumbai, Monday, 26 July 2021 Associations & Company affairs Promote Your Brands with Smart Way…… Connect With E-Paper Just 1,000/- Per Advertisement For enquiry contact us Mr. Rahul Vinod Sood Global Textiles & Apparels 69,Bhagya, Rashmi Park, Dhumaal Nagar, Waliv, Vasai Road,Vasai East, Thane Dist- 401208. : 09834710185, : 09923581468 : editor@gtanews.in, rahul@gtanews.in : Global Textiles & Apparels Online Bank Details Name: Global Textiles & Apparels Bank: Bassein Catholic Co-op. Bank Bank Account No.: 018110100003408 IFSC Code No.: BACB0000018 Bank Branch: Gokhivare, Vasai East 01 Month 03 Month 06 Month 12 Month E-Paper Features: - - Your Advertisement Hits Your Target Clients - Advertiser will get Best Coverage in our E-Paper - News Cover on Textile / Apparels / Technical Textiles - Our Target Audience – National & International Industry - Reasonable Price for Our Valuable Subscribers - More than 1,50,000+ Daily Readers - Advertisement Size - Standard (A4 size) - Mail Your Advertisement Artwork – PDF, CDR Format - 100% Advance Payment 12 Editions 36 Editions 72 Editions 144 Editions New Delhi: The Yarn Supply Scheme (YSS) is being implemented throughout the country through National Handloom Development Corporation to make available all types of yarn at Mill Gate Price. Under the Scheme, freight charges are reimbursed for all types of yarn and component of 10% price subsidy also exists on hank yarn, which is available for cotton, domestic silk, wool and linen yarn with quantity caps. As per the 3rd party Evaluation study of the implementation of Yarn Supply Scheme: i. YSS has been acknowledged as a successful scheme which has helped to increase overall production of handloom. ii. Reduced cost of good quality raw Yarn Supply Scheme provides Good Quality Yarn at Lower Prices material and transport subsidies have helped the weavers to a large extent to sell their product at a competitive price and hence increase and regularise their net income. iii. The scheme provides good quality yarn at lower prices than the open market at the weaver door steps through depots which have been very helpful in sustenance of their engagement in handloom trade. As per 3rd handloom census (2009-10),average earning of Handloom Households was Rs. 36498 per annum (i.e. Rs. 3042 per Month). Further, it was estimated that 99% of weaver households earned less then Rs. 5000 per month. This proportion has come down to 67.1% in 4th Handloom Census (2019-20). Mumbai: With the inauguration of Olympic games today in Tokyo amidst new normalcy, material scientists are enjoying their own virtual Olympiad for three days. C o i m b a t o r e , I n d i a - b a s e d Kumaraguru College of Technology is organizing a major virtual conference, “International Conference on Materials Research in Science and Engineering,” from July 23-25, 2021. The conference has attracted participants from six countries such as India, United States, Finland, UK, Malaysia, and Singapore. About 275 papers are being presented over three days, which is a celebration of science and engineering. “The conference focuses on computational and experimental research on different subfields in materials science discipline such as textiles, composites, coatings, which find applications in varied sectors such as defense, aerospace, etc.,” stated Professor K. Sundararaj, Convenor of the congress. The Cotton quality characteristics like fiber elongation play an important role in the spinning performance and the quality of yarns, stated, world’s leading cotton fiber quality expert, Professor Eric Hequet of Texas Tech University, USA, in a keynote lecture today. In the COVID-19 era, the importance of materials in countering the infection using face masks is highly felt important by people. In the inaugural function of the conference, this scribe highlighted the importance of materials science in making countries self-reliant, citing the example of how personnel protective equipment saved lives. He highlighted that this decade would see a revival in manufacturing and materials development as was the case in the later part of the 18th century with the beginning of the industrial revolution. It is interesting to note that about every twenty-five years, a new revolution happens, for example, the medical revolution with the discovery of double helix structure of DNA in 1953, followed by PCR in 1985. The eighties and early nineties saw the beginning of IT revolution that metamorphosed into communication and Frontier Materials Research: Way Forward By Seshadri Ramkumar, Professor, Texas Tech University digital revolution. This decade will see the growth in sustainable products from new and novel fibers and developments in advanced manufacturing. The conference is timely and addresses important themes such as nanotechnology, soft and hard composites, protective textiles, cotton, hybrid materials, etc. “Research is important not only to solve existing problems, but also to foresee what is needed and what is on the horizon,” stated, Professor Sib Krishna Ghoshal of Universiti Teknologi, Malaysia. Research on hybrid materials involving organic and inorganic materials to understand the interaction of these materials and develop advanced products that find applications enabling sustainability and improving health care was emphasized by Professor Ghoshal. Developments in nanofibers in the past two decades was presented by Professor Seeram Ramakrishna of the National University of Singapore. Materials science will be a key research area and new materials that help with building energy harvesters, health care products and infrastructure will boost the economies of nation. Agreeing to the importance of advanced and agile manufacturing, Professor D. Saravanan, Principal of Kumaraguru College of Technology stated, ”Quest for new materials has been there since stone ages.” Who would thought that an unassuming material, “face mask,” would come to prominence and save so many lives? Countries now realize the importance of manufacturing and developing new and sustainable materials. Mumbai: Indo Count Industries Ltd has been recognised as one of the ‘top performer’ suppliers at the recently held Walmart’s Global Sourcing Sustainability Summit. Indo Count contributed towards Walmart’s Project Gigaton through initiatives like installation of solar plant and reduction in freshwater consumption via water recycling plant. Walmart launched Project Gigaton in 2017 aiming to inspire suppliers to reduce upstream and downstream (beyond-the- shelf) greenhouse gas (GHG) emissions from the global supply chain. Specifically, Project Gigaton’s goal is to reduce one billion metric tons, or one gigaton, of CO2 emissions from the global supply chains by 2030. Indo count is also supporting Walmart’s commitments on sustainable fibres, recyclable/sustainable packaging, and implementation of HIGG index. The company will continue to strive to help achieve Walmart’s goal of being a Regenerative Company. Indo Count recognized as ‘Top Performer’ Mumbai: Oh Polly ha unveiled a new swimwear brand by the name ‘Neena Swim’. The launch of Neena Swim is being seen as a part of Oh Polly’s efforts to be the leader in the swimwear and beachwear industry for the consumer market. The catwalk collection comprised the best of matching bikini sets and one-piece swimsuits – not to mention the exquisite accessories and beach cover-ups. The styles featured cut-out detailing, thin halter straps and plunging necklines with bottoms available in a selection of thong, Brazilian or full cuts. It will be interesting to see the customer response to the new swimwear brand in the coming months. Meanwhile, Oh Polly has described Neena Swim as a brand staying true to its roots. Oh Polly unveils ‘Neena Swim’ Mumbai: Gap had launched a new loyalty scheme, which included all of its four reputed brands, namely Gap, Athleta, Banana Republic and Old Navy. The scheme integrates its credit card rewards with an earlier loyalty scheme launched by the retailer. There are 4 tiers that now have perks added as annual spend increases – there’s core (0 to US $ 500), enthusiast (US $ 500 to US $ 999) and icon (more than US $ 1,000). The fashion retailer said that those holding cards can earn 5 points for every US $ 1, compared to one point for the members having no store cards. Ever since Gap re-introduced loyalty scheme last fall, the retail bigwig has enrolled over 19 million customers. Reportedly, 37 million customers have moved over to new set-up. Gap launch New Loyalty Scheme
- 5. 05 www.gtanews.in Global Textiles & Apparels, Mumbai, Monday, 26 July 2021 Classified Advertisement Subscribers of Global Textiles & Apparels are requested to update their profile & contact information by sending us e-mail, so that can be put on the Regular Mailing List. E-mail: rahulvsood@gmail.com, rahul@gtanews.in For Enquiry contact us on: Address: - 69,Bhagya, Rashmi Park, Dhumaal Nagar, Waliv, Vasai Road,Vasai East, Phalghar 401208 9834710185 / 9923581468 or mails us at rahul@gtanews.in, editor@gtanews.in, rahulvsood@gmail.com Date: Authorized Signature & Stamp Company / Person Name : E-mail : Designation : Phone Number : City : Country : Your Specialize / Requirements / Resume: Book Classified Text Advertisement Booked: 1 Months 3 Months 6 Months 9 Months 12 Months Bank Details: Name: Global Textiles & Apparels Bank: Bassein Catholic Co-op. Bank Bank Account No.: 018110100003408 IFSC Code No.: BACB0000018 Bank Branch: Gokhivare, Vasai East Just 2,000 /- Per Month Global Textiles & Apparels - Classified Text Advertisement - Column in Global Textiles & Apparels - Classified Text Ad in Publications & Online E-Paper - We provide platform to Small, Medium & Large Industry, Globally - Your Advertisement Hits Your Target Clients - Reasonable Price for Our Valuable Subscribers - Advertisement Content/Text Should be 5 to 10 lines - More than 1,50,000+ Daily Readers Classified Advertisement E-mail: sakina_b_d@yahoo.co.in ADORN BY SAKINA Ms. Sakina Chinwalla, Proprietor Bespoke handcrafted and curated clothing. One of a kind clothes and curated accessories. Handwork on fine fabrics just for you. Phone No.: +91-(0) 9820246057 Mumbai, India Ludhiana, India Eveline International Mr. Atul Sood, Vice President We are one of the well reputed manufacturer & exporter of knitted garments based in Ludhiana (Punjab). We are exporting major portion of our production to various prestigious customers in Europe & USA. Our factory has state ofArt facility & is fully composite which includes Knitting, Dyeing, Printing, Compaction, Brushing, Embroidery, Mercerization apart from stitching. We have capacity of producing 4,00,000 pcs per month for regular Mens Polo with in-house facility. Our factory is duly certified & approved from both BSCI & SEDEX beside 9001:2008 certification from SGS. Phone No.: +91-(0) 9023766677 atulsood@evelineinternational.com Place Your Specialize/ Requirements/Resume with Smart Way…… Connect With Book Your Ad here Exporoots (Mrs. Paromjeet Kaur) Proprietor We offer cute and trendy Kurtis, Sarees, and dress material for ladies, taking fashion and style to level beyond the ordinary. A line of Spectacular Collection at astonishingly low prices. Phone No.: +91-(0) 8369778542 Email : info@exporoots.com Mumbai, India For Enquiry Contact us: For Enquiry Contact us: For Enquiry Contact us: Carpet City Bhadohi, U.P. INDIA VIVAN RUGS We are carpet manufacturer from carpet city bhadohi near Varanasi india. We are making all types of carpet and rugs as your needs. *Hand-knotted Rugs * Indonepali Rugs * Handloom Rugs * Flatweave Dari * Jute Rugs For Enquiry Contact us: Mr. CHANDRA PRAKASHMAURYA Proprietor Phone No.: +91-(0) 8931978888 Email: vivanrugs@gmail.com I have 17 years of Experience in Channel Trade & Modern Trade in FMCG worked with Patanjali Ayurved ltd as Zonal Manager ParleAgro Pvt Ltd, Reliance Retail Ltd , Kohinoor Foods Ltd . last i have 2 years of experience of Textile but i am looking for Job in FMCG & Textile industry . Mr. Deepak Nagpal (Resume) Contact : deepaknagpal2004@gmail.com Phone no.: +91-(0) 9998140975 Nimbalkar Consultancy (Mr. Gaurav Nimbalkar) Proprietor We are specialize in Textile Industry Subsidy. Over 15 Years of experience in this Sector. We have good relation with Government also (Textile Department of Maharashtra and Central Government). TUF Scheme only for Textile New Machinery. For Enquiry Contact us: Phone No.: +91-(0) 7875876783 gauravnimbalkar2294@gmail.com Thane, India J.E. Cotton Sarees We Offer * Risk Less Work * No Money Tension * No Sale No Payment * Low Investment * Selling is Company Risk * Company is Promoting you in your area * Company provides you products 3 lakhs INR above * Only single outlet in a Area * Transportation is Company own risk * Company provide outlet commission 10% * Advertisement T.V., Paper, Local * Outlet franchise Security fees 70,000/- Refundable * Booking charges 9,000/- Non Refundable. 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- 6. 06 www.gtanews.in Global Textiles & Apparels, Mumbai, Monday, 26 July 2021 Associations & Company affairs Subscribers of Global Textiles & Apparels are requested to update their profile & contact information by sending us e-mail, so that can be put on the Regular Mailing List. E-mail: rahulvsood@gmail.com Mumbai: India's largest company by market capitalisation, Reliance Industries (RIL) on July 23 reported June quarter profit at Rs 13,806 crore, up 66.7 percent year-on-year (YoY), with normalised tax provision. The revenue of the oil-to-telecom conglomerate stood at Rs 1.44 lakh crore. However, the numbers on sequential basis were impacted due to weakness in retail, RIL said. The company posted record consolidated EBITDAfor the quarter under review at Rs 27,550 crore, up 27.6 percent YoY and 3.6 percent QoQ on strong oil- to-chemical (O2C) and digital services performance. Consolidated EBITDA margin grew 190 bps QoQ to 17.3 percent. The EBITDAof digital services stood at a record Rs 9,268 crore. Digital services saw net additions of 14.3 million during the quarter, the company said. Cash profit before exceptional item for the quarter was Rs 21,828 crore ($ 2.9 billion), up by 56.7 percent. EPS before exceptional item for the quarter was Rs 19.0 per share, which increased by 46.7 percent. "I am happy that our company has delivered robust growth despite facing a highly challenging operating environment caused by the second wave of the COVID pandemic. The results of the first quarter of FY22 clearly demonstrate the resilience of Reliance’s diversified portfolio of businesses that cater to large parts of the consumption basket," said Mr. Mukesh Ambani, Chairman and Managing Director, Reliance Industries. The company added that its Oil-to- chemicals (O2C) business performance and KG-D6 ramp up offset retail weakness. Oil-to-chemicals (consolidated) The oil-to-chemical (O2C) business was hit by lower domestic consumption mitigated by exports at higher margins, RIL said, adding that COVID-19-related restrictions and high crude prices may impact demand and margins going forward. The segment revenue for the quarter stood at Rs 1,03,212 crore, up 75.2 percent Reliance Industries Q1 results: Profit after tax jumps 67% YoY to Rs 13,806 crore, revenue comes in at Rs 1.44 lakh crore YoY, the statement noted. EBITDA was Rs 12,231 crore, up 49.8 percent YoY. It was the fourth consecutive quarter of sequential EBITDA growth. EBITDAmargins grew 60 bps QoQ. Jio Platforms (consolidated) Revenue from operations for the quarter came in at Rs 18,952 crore, up by 9.8 percent YoY. Reliance Jio Q1 results: Net profit up 39% YoY at Rs 3,501 crore, EBITDAstands at Rs 8,892 crore EBITDA increased 21.3 percent YoY to Rs 8,892 crore ($ 1.2 billion). Net profit for the segment stood at Rs 3,651 crore ($ 491 million), registering a growth of 44.9 percent YoY. The total customer base as on June 30, 2021, stood at 44.06 crore, with a net addition of 4.23 crore customers. ARPU during the quarter stood at Rs 138.4 per subscriber per month while total data traffic was 20.3 billion GB during the quarter, up 38.5 percent YoY. Further, Traffic on Jio's network crossed 20 Exabytes and Jio Fibre has now over 3 million connected homes, the company informed. Jio Fibre average home consumption is almost 300 GB of data per month while Jio set top box (STB) has average usage of over 5 hours a day, the firm said. Reliance Retail (consolidated) Revenue from operations stood at Rs 33,566 crore, up 19 percent YoY. Net Profit jumped 123.2 percent YoY to Rs 962 crore ($129 million). EBITDA for the quarter was Rs 1,941 crore ($ 261 million), higher by 79.9 percent. Total 12,803 physical stores were operational during the quarter and 123 stores were opened during the quarter. The company further said retail footfall was 46 percent of pre-COVID levels during the quarter under review and consumer sentiment is reviving but they are still cautious. Reliance Retail Q1 Results 2021 | Reliance Retail reports net profit of Rs 962 crore for the first quarter "COVID-related restrictions on store operations during the quarter impacted our retail business operations and profitability. This is a temporary phenomenon. We remained focused on ensuring supplies of necessities, including food, grocery, health & hygiene products through a combination of online-offline channels," said Mr. Mukesh Ambani, Chairman of the company. "We stepped up our efforts in creating partnerships with small merchants and digital engagement with consumers. This is creating a newer and inclusive model of growth. I am confident that the retail business is poised to create exponential value and growth." In its 44th annual general meeting (AGM)onJune24thisyear,MukeshAmbani had made a number of announcements across its telecom, retail and O2C business segments. He had announced the launch of a new energy business in 2021 with the aim of bridging the green energy divide in India and the rest of the world. Mumbai: LanzaTech has joined hands with Lululemon athletica, an athletic apparel company, to create the world’s first yarn and fabric using recycled carbon emissions that would otherwise be emitted as pollution. LanzaTech has developed nature- based solutions to generate ethanol from waste carbon sources and is working with partners to make polyester from ethanol. Recycling carbon is a fundamental element of the circular economy, which will keep fossil carbon in the ground, reducing pollution and fossil fuel usage when used to make polyester. With a lower carbon footprint, this innovation could transform lululemon’s products and the apparel industry. In October, Lululemon released its first Impact Agenda, outlining its multi- year strategies to address critical social and environmental issues with 12 goals to drive progress. The partnership with LanzaTech is one of the many ways Lululemon is focused on bringing new technologies to the business. LanzaTech join hands with Lululemon Mumbai: Coats Group plc, has reported strong operational performance and demand recovery in the six-month period to June 30, 2021, despite recent lockdown impacts in India in May and June which have now subsided. The group now expects operating profit for H1 to be around $95 million (2019: $102 million). The Group said that backed by sales growth of 34 per cent to $732 million in H1 FY21 over the previous year ($536 million), and 1 per cent against 2019 ($705 million), Coats anticipates its performance for the full year 2021 to be moderately ahead of its previous expectations. The sales of Apparel & Footwear (A&F) divison were flat against 2019 with positive end market sentiment across US, Europe and Asia. According to the group, the sports and athleisure continued to perform well and casualisation trend has further sustained. Moreover, Performance Materials' divison reported 4 per cent growth in the first half with improvement in all the segments apart from personal protection which continues to be impacted by US labour availability issues, the British firm added. The company will release its half year results on August 3, 2021. Coats Group expects H1 FY21
- 7. 07 www.gtanews.in Global Textiles & Apparels, Mumbai, Monday, 26 July 2021 Associations & Company affairs New Delhi: The Several measures have been taken by Government to promote export of Indian textile. Some of the important measures are outlined below: i. Government launched special package of Rs. 6000 crores for Textile and Apparel sector in June, 2016 to boost employment and export potential in apparel and made-ups segments. Package also consisted of the Remission of State Levies (RoSL) scheme till 06.03.20219. ii. The RoSL scheme was replaced by Rebate of State and Central Taxes and Levies (RoSCTL) with effect from 07.03.2019 to 31.03.2020. iii. On January 14,2020, Rs. 600 crore was allocated for issuing scrips for special one-time ad-hoc incentive of up to 1% of FoB value provided for exports of apparel and made-ups to offset the difference between RoSCTL&RoSL + Merchandise Exports from India Scheme (MEIS) @ 4% from 17.03.2019 to 31.12.2019. iv. On July 14, 2021, Government has decided to continue RoSCTL Scheme till 31.03.2024. Govt. to promote Export of Indian Textile Government is implementing various schemes such as Amended Technology Upgradation Scheme(ATUF), National Handloom Development Programme(NHDP), National Handicraft Development Programme, Comprehensive Powerloom Cluster Development Scheme, Silk Samagra, SAMARTH- Scheme for Capacity Building in Textiles Sector, Technical Textiles etc. for overall development and promotion of domestic manufacturing and exports in textile sector in the country. Further, in order to ensure adequate availability of raw material at competitive price in the country, Government has removed anti-dumping duty on Purified TerephthalicAcid (PTA) (a key raw material for the manufacture of MMF fibre and yarn) originating in or exported from the People's Republic of China, Iran, Indonesia, Malaysia, Taiwan, Korea R P and Thailand to India and also removed anti-dumping duty on acrylic fibre (raw material for acrylic yarn and knitwear industry) originated in or exported from Thailand to India. Mumbai: Thermotron, a Greece- based textile technology company and a leader in producing automatic garment folding/packaging machines, has developed upgraded versions of its renowned automatic folding machine FX23 in 2020-2021 period named FX25 and FX25S. It’s worth noting here that FX23 was one of the earlier technologies offered by Thermotron in the folding segment, the production of which continued till 2020. According to the Company, the upgraded machines have several improvements that aim at serving garment factories more efficiently and effectively in the post-pandemic era. As FX23 had the capabilities of both folding and stacking, the processes have not been divided into two machines. The FX25 comes with the possibility of folding operation, while the FX25S offers both options: folding and stacking. Therefore, the garment factories now have the flexibility to choose the machine that will cover their custom requirements. Moreover, the electrical, electronic and pneumatic parts in the new models have been upgraded that makes the machines more reliable now. Another upgradation is done by adding a touch screen at the area where the folding options of the garments are determined, hence eliminating the manual process. Thermotron upgrades its Automatic Folding Machine FX23 Mumbai: Damartex, had reported 11.4 per cent sales growth to €764.2 million in FY21 ended on June 30, 2021, against €686.2 million in the previous fiscal. Despite the sale of Jours Heureux brand and discontinuation of La Maison du Jersey and Delaby, the company’s Fashion, and Home & Lifestyle divisions showed good resilience. According to the company, the sales from Fashion division surged 11.0 per cent to €555.1 million. Over the year,Afibel brand remained stable especially in Q4 with growth of 19.3 per cent, benefiting from the initial effects of its repositioning and a new commercial strategy in England. Home & Lifestyle division sales in FY21 grew 8.3 per cent to €177.7 million, driven by strong performance of Coopers of Stortford brand, whose business grew 43.3 per cent over the year. Vitrine Magique also improved its sales in France, with an increase of 16.7 per cent. Damartex FY21 report Mumbai: Arvind Lifestyle Brands Limited (ALBL), a wholly owned subsidiary of Arvind Fashions Limited (AFL), India’s leading casual and denim player, has signed definitive agreements for strategic sale of assets of its Unlimited retail business to V-Mart Retail in an all-cash transaction. Unlimited operates a chain of 74 value fashion retail stores in India. As part of the transaction, ALBL will sell assets of the 74 retail stores, warehouses, inventory and the Unlimited brand to V-Mart at its book value. A L B L w o u l d r e c e i v e c a s h consideration estimated at about ₹150 crore upon the closure of transaction and thus, will fully recover the capital employed in the business. In addition, there are contingent payments to be received, based on certain milestones achieved by V-Mart over next few years for these stores, post the acquisition. The company intends to utilise the amount so received for repayment of debt and for working capital purposes. The sale will help AFL achieve its objective of focusing on its 6 high conviction brands which include US Polo Assn, Tommy Hilfiger, Arrow, Flying Machine, Calvin Klein and Sephora. This also significantly completes the process of reset that AFL had embarked on, to consolidate and sharpen its portfolio as well as to strengthen its balance sheet. AFL sells assets of Unlimited business to V-Mart Mumbai: Advance Denim's bold investment in environmentally friendly production is paying off. After three years of continual testing and invention, the denim producer unveiled its most eco-friendly dyeing method- BioBlue Indigo. BioBlue Indigo is a denim dyeing method that is designed to eliminate the hazardous chemicals that polluted wastewater after the denim dyeing process. BioBlue's indigo dyeing method converts powdered indigo colors to liquids without the need for sodium hydrosulfite, a volatile and unstable chemical that is difficult to transport. In the denim production process, sodium hydrosulfite generates a high concentration of ions, which are difficult to remove from wastewater and harmful to the environment. Advance Denim launches ‘BioBlue Indigo’ Sulfates can build up in wastewater from this chemical, and in high enough quantities, they can emit toxic gases that can affect the environment. Advance Denim factories in Shunde, China, and Nah Trang, Vietnam will be stocking BioBlue Indigo. Advance Denim intends to keep developing with BioBlue Indigo, with the objective of producing the world’s most beautiful denim in the most sustainable way possible.