Recommended
More Related Content
Similar to GTA - Epaper - 16 july 2021
Similar to GTA - Epaper - 16 july 2021 (20)
Recently uploaded
Recently uploaded (20)
GTA - Epaper - 16 july 2021
- 1. MAHENG/2007/20880 Vol. 12 No. 266 Mumbai, Friday, 16 July 2021 Posted Under Regn. No. PLG/67/2021-2023 Pages 07 BSE (15 July 2021) - Reliance 2,083.25 2.75 (-0.13%) Welspun India 125.50 2.80 (+2.28%) Raymond 442.05 5.70 (-1.27%) COVID – 19 UPDATE WORLD INDIA USA 189,626,031 Total Cases Total Deaths 4,081,061 31,025,875 Total Cases Total Deaths 412,563 34,876,861 Total Cases Total Deaths 624,140 Maharashtra Tamil Nadu Karnataka NCT of Delhi 6181247 Total Cases Total Deaths 126390 2526401 Total Cases Total Deaths 33557 2876587 Total Cases Total Deaths 35989 1435281 Total Cases Total Deaths 25021 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 Govt. approves continuation of RoSCTL Continue to page no. 03 New Delhi: The Union Minister of Textiles, Commerce & Industry, Consumer Affairs & Food & Public Distribution, Shri Piyush Goyal held an in depth review of initiatives undertaken by Ministry of Textiles for giving a boost to the textiles sector. Minister of State for Textiles, Smt.Darshna Jardosh was also present. Shri U.P. Singh, Secretary Textiles, Shri V. K. Singh, Additional Secretary, Joint Secretaries, DC Handicrafts and other senior officials of the Ministry participated in the meeting. Shri V. K. Singh made a detailed presentation giving an overview of the entire Textiles Sector. The Minister was briefed about the broad contours of Indian Textiles Sector. It was informed that Textiles which is one of the oldest industries in India, dating back several centuries contributes 2.3% to Indian GDP, 7% of the Industrial Output,12% to the export earnings of India and employs more than 45 million persons (Direct) which is 21 % of total employment. India is the 6th largest producer of Technical Textiles with 6% Global Share (12% CAGR), largest producer of cotton & jute in the world. The Cotton production supports 5.8 Million farmers & 40-50 Million people in allied sectors. India is also the second largest producer of silk in the world and 95% of the world’s hand woven fabric comes Shri Piyush Goyal holds an in depth review of initiatives undertaken by MoT for giving a boost to the Textiles Sector from India. Shri Piyush Goyal said that by enhancing productivity of local artisans & domestic industry, we will realise the vision of an Atmanirbhar Bharat under the leadership of the Prime Minister Shri Narendra Modi. He further said that Textiles sector has great potential and it should be realised by using innovations, latest technology and facilitations. The Minister also expressed confidence that there will be a big growth in this sector. He asked the concerned officials to think and undertake necessary measures for increasing income of people employed in Textiles, put efforts to bring consistency in quality of handloom and eliminate child labour from the textiles sector. New Delhi: The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval for continuation of Rebate of State and Central taxes and Levies (RoSCTL) with the same rates as notified by Ministry of Textiles vide Notification dated 8th march 2019, on exports ofApparel/Garments (Chapters-61 & 62) and Made-ups (Chapter-63) in exclusion from Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for these chapters. The scheme will continue till 31st March 2024. The other Textiles products (excluding Chapters-61, 62 & 63) which are not covered under the RoSCTL shall be eligible to avail the benefits, under RoDTEP along with other products as finalised by Department of Commerce from the dates which shall be notified in this regard.
- 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, Friday, 16 July 2021 Associations & Company affairs BSE (15 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 110056 5944801 126024 6181247 +6067 +170 +8602 Kerala 118197 2970175 14938 3103310 +12974 +128 +15637 Karnataka 33665 2806933 35989 2876587 +2537 +45 +1990 Tamil Nadu 30600 2462244 33557 2526401 +3021 +55 +2458 Andhra Pradesh 25957 1890565 13057 1929579 +3329 +15 +2591 Uttar Pradesh 1428 1683453 22704 1707585 +134 +83 West Bengal 13847 1482903 17958 1514708 +1161 +14 +831 NCT of Delhi 688 1409572 25021 1435281 +71 +01 +77 Chhattisgarh 4028 981303 13486 998817 +370 +04 +252 Rajasthan 558 943719 8947 953224 +90 +02 +37 Odisha 20308 920646 4795 945749 +2605 +65 +2074 Gujarat 689 813583 10074 824346 +71 +41 Madhya Pradesh 271 780815 10508 791594 +19 +11 Haryana 854 758958 9571 769383 +50 +08 +40 Bihar 786 713163 9621 723570 +108 +02 +113 Telangana 10203 619949 3743 633895 +605 +05 +749 Punjab 1386 580336 16207 597929 +141 +08 +108 Assam 21000 514543 4910 540453 +2655 +22 +2046 Jharkhand 344 341015 5120 346479 +71 +68 Uttarakhand 711 333244 7352 341307 +140 +01 +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 Alok Industries 28.10 -0.88 45.80 18.25 13,952.33 Welspun India 125.50 2.28 125.50 31.00 12,609.30 KPR Mill 1,830.00 0.48 1,868.40 408.25 12,592.23 Lux Industries 3,652.70 -0.78 3,868.25 1,112.00 10,984.28 Trident 17.65 -1.67 19.37 5.90 8,994.36 Garware Technic 3,399.00 -1.28 3,640.50 1,465.90 7,008.12 Indo Count 200.75 -2.62 209.60 37.50 3,962.80 Rupa and Comp 483.80 -0.52 519.95 150.05 3,847.40 Swan Energy 143.60 -0.03 164.70 108.20 3,507.53 PDS Multi 1,139.00 11.60 1,139.00 254.85 2,966.72 Raymond 442.05 -1.27 469.00 233.00 2,942.89 Arvind 108.70 1.21 110.70 27.55 2,814.50 Filatex India 110.45 4.40 117.75 22.50 2,457.13 Himatsingka Sei 228.15 4.58 228.15 55.35 2,246.30 Mayur Uniquoter 499.60 -1.46 545.95 209.45 2,227.10 Bombay Dyeing 98.75 -1.05 103.35 58.40 2,039.53 Siyaram Silk 407.65 -2.96 454.40 126.00 1,910.66 Dollar Ind 316.10 -0.60 366.95 124.95 1,792.80 Jindal Worldwid 76.75 -1.73 90.50 43.50 1,538.99 Indo Rama Synth 58.80 0.60 62.65 13.75 1,535.35 Future Life 72.90 -1.02 159.95 46.95 1,470.94 Kitex Garments 183.65 -10.00 204.05 91.75 1,221.27 Kewal Kiran 930.00 -1.42 1,036.00 669.00 1,146.23 Ganesha Ecosph 503.00 -0.72 687.70 215.00 1,098.02 Nahar Spinning 293.10 1.05 304.95 31.05 1,057.07 Sutlej Textiles 64.45 -2.57 73.90 17.75 1,055.88 Century Enka 459.85 2.39 478.00 153.90 1,004.80 Cheviot Company 1,553.80 -4.53 2,055.55 500.00 973.75 Nitin Spinners 165.05 2.04 165.05 34.95 927.91 Gokaldas Export 209.85 -4.98 222.30 37.30 902.11 Sportking India 2,667.65 5.00 2,667.65 210.05 886.14 RSWM 335.00 0.04 349.95 68.25 788.95 Ambika Cotton 1,362.00 -1.01 1,401.00 421.00 779.75 Rajapalayam 899.00 1.92 931.00 478.67 773.64 Monte Carlo 368.30 1.10 378.00 153.50 763.56 S P Apparels 289.40 1.65 293.45 57.95 743.54 Vishal Fabrics 93.75 4.34 372.15 40.75 617.53 Sangam India 138.75 -5.00 146.60 45.10 602.47 Pearl Global In 272.70 -1.62 291.50 99.05 590.78 Ruby Mills 282.75 -3.76 299.65 140.40 472.76 AYM Syntex 82.95 -0.42 84.95 20.30 415.04 Nahar Ent 102.50 3.85 102.50 22.75 408.31 Mallcom (India) 625.05 -2.31 721.25 211.05 390.03 Binny 169.00 0.09 184.70 67.20 377.20 Ashima 19.15 -2.54 21.50 4.95 367.03 Sarla Performan 42.70 -1.27 45.35 15.55 356.56 Banswara Syntex 204.00 4.91 204.00 60.05 349.17 Loyal Textiles 720.50 -1.12 815.00 202.00 347.02 Zodiac Clothing 136.60 -7.14 153.80 85.05 338.22 Bombay Rayon 10.64 -1.02 15.85 5.59 337.79 Shri Dinesh Mil 551.40 2.50 563.95 86.05 308.82 Nandan Denim 60.45 4.95 60.45 18.00 290.46 JBF Industries 35.20 -4.99 50.20 6.80 288.19 Ginni Filaments 35.75 -3.25 38.60 9.41 282.96 Donear Ind 51.90 4.53 51.90 19.00 269.88 Pasupati Acrylo 30.10 -3.99 32.45 8.40 268.29 JCT 2.96 3.86 2.96 0.73 265.88 Bannari A Spg 81.50 -2.22 108.20 35.10 256.79 Indian Acrylics 18.70 -4.93 21.25 7.00 253.05 Mafatlal Ind 176.10 0.92 183.00 74.00 245.21 Shiva Texyarn 186.90 0.16 213.60 70.25 242.27 Surat Textile 10.72 5.00 11.73 2.03 238.05 Maral Overseas 55.30 -0.98 57.70 10.77 229.54 Lakshmi Mills 3,269.95 0.62 3,350.00 1,350.00 227.44 Super Sales 700.00 1.01 720.00 200.20 215.01 Orbit Exports 74.25 -1.39 88.55 51.80 203.32 Indian Terrain 46.35 -3.54 52.35 24.15 190.46 Lovable Lingeri 121.50 -2.10 145.60 47.45 179.82 KG Petrochem 300.30 5.00 359.25 63.50 174.63 Jasch Ind 144.40 3.22 150.00 21.10 163.61 VIP Clothing 19.40 4.86 19.45 5.80 160.24 Pioneer 58.55 -4.02 64.50 18.80 155.69 Deepak Spinners 216.25 -0.21 234.00 53.90 155.47 Premco Global 465.05 -0.85 525.10 63.80 153.69 VTM 36.95 1.79 42.70 17.25 148.64 SPL Industries 51.25 -1.25 57.85 23.00 148.63 Suryalata Spg 333.65 4.99 333.65 70.30 142.37 TT 62.30 -3.04 74.00 27.85 133.93 KG Denim 49.20 4.90 49.20 17.40 126.14 Junction Fabric 122.50 4.30 124.00 37.00 122.97 Winsome Textile 61.70 -0.56 68.50 11.67 122.29 Sumeet Ind 11.72 4.92 11.72 1.63 121.47 Weizmann 66.95 -4.97 70.45 23.60 115.63 Damodar Ind 49.50 -0.90 56.95 20.10 115.34 R&B Denims 79.75 1.79 87.20 25.20 111.61 Lambodhara Text 105.25 -2.46 111.80 25.25 109.22 Suryalakshmi Co 64.05 -0.31 65.00 14.80 106.79 Reliance Chemo 140.00 0.25 151.00 47.95 105.61 Amarjothi Spin 156.25 8.13 176.90 45.45 105.47 RRIL 12.60 -1.41 16.50 1.46 98.85 Salona Cotspin 180.95 -0.96 184.95 42.20 95.22 Ludlow Jute 86.90 -1.64 108.00 42.95 93.62 Sambandam Spin 219.00 4.99 219.00 45.20 93.39 Vijay Textiles 51.00 -2.86 58.80 22.00 93.36 World 189,626,031 485,788 4,081,061 6,942 173,068,960 291,073 12,476,010 USA 34,876,861 28,736 624,140 286 29,338,445 14,145 4,914,276 India 31,025,875 39,072 412,563 544 30,176,306 39,823 437,006 Brazil 19,262,518 52,789 538,942 1,444 17,917,189 58,556 806,387 Russia 5,882,295 25,293 146,069 791 5,278,976 21,493 457,250 France 5,833,341 3,617 111,429 16 5,654,902 1,980 67,010 Turkey 5,507,455 7,304 50,415 48 5,370,178 5,103 86,862 UK 5,281,098 48,553 128,593 63 4,380,030 5,716 772,475 Argentina 4,702,657 100,250 4,326,403 276,004 Colombia 4,565,372 114,337 4,317,436 133,599 Italy 4,278,319 2,455 127,840 9 4,109,579 3,264 40,900 Spain 4,069,162 27,688 81,084 41 3,658,050 3,260 330,028 Germany 3,748,367 1,451 91,863 32 3,637,400 600 19,104 Iran 3,464,055 23,655 86,592 201 3,086,017 16,074 291,446 Poland 2,881,151 105 75,191 12 2,652,655 51 153,305 Indonesia 2,726,803 56,757 70,192 982 2,176,412 19,049 480,199 Mexico 2,616,827 12,116 235,507 230 2,061,595 5,278 319,725 South Africa 2,253,240 16,435 65,972 377 1,982,122 11,606 205,146 Ukraine 2,242,868 623 52,685 20 2,179,665 589 10,518 Peru 2,085,883 194,752 N/A N/A N/A Netherlands 1,766,102 10,976 17,773 3 1,656,858 1,031 91,471 Czechia 1,670,348 266 30,335 1,637,441 6 2,572
- 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, Friday, 16 July 2021 Associations & Company affairs Govt. approves continuation of RoSCTL on Export of Apparel/ Garments & Made-ups Continued from page no. 01 Mumbai: Under the leadership of the Prime Minister, Shri Narendra Modi ji the Union Cabinet given go ahead for continuation of Rebate of State and Central taxes and Levies (RoSCTL) for exports of the Made-ups (covered under Chapter-63) along withApparel/Garments (covered under Chapters-61 & 62) and the rates will be the same as notified by Ministry of Textiles vide Notification dated 8th march 2019. The scheme will continue till 31st March 2024. However, the other Textiles products (excluding Chapters-61, 62 & 63) to be covered under the RoDTEP scheme and the RoDTEP rates are likely to be announced very soon by the government. SRTEPC applauds the Govt. for continuing the RoSCTL rates till 31st March 2024 & urges the Govt. to declare the RoDTEP rates also as early as possible SRTEPC Chairman Shri Dhiraj Raichand Shah and Vice-Chairman Shri Bhadresh Dodhia thank Hon’ble Prime Minister Shri Narendra Modi, Hon’ble Finance Minister Smt. Nirmala Sitharaman, and Hon’ble Minister of Textiles, Commerce and Industry, Consumer Affairs, Food and Public Distribution Shri Piyush Goyal and Minister of State for Textiles Smt. Darshana V Jardosh for their kind consideration for continuing the RoSCTL rates till 2024. SRTEPC Chairman Shri Dhiraj Raichand Shah informed that Made-ups is one of the highest value-added segments in the textile sector and currently around US$ 1500 million of Made-ups made out of the MMF textiles are exported from India to various countries. Continuation of the RoSCTL will certainly strengthen the Made-ups segment that is highly labour intensive and majority of the beneficiaries are the women, Shri Dhiraj Raichand Shah stated. With regards to the supporting measures to the exporters SRTEPC Chairman Shri Dhiraj Raichand Shah and Shri Bhadresh Dodhia, Vice-Chairman of SRTEPC informed that Government should declare the RoDTEP rates as early as possible as the current situation is challenging and there is huge liquidity crunch. He also insisted that supportive measures need to be extended to the entire MMF textile value chain viz, fibre, yarn and fabrics under the RoDTEP scheme and minimum rates should be around 7 percent. Continuation of RoSCTL forApparel/ Garments and Made-ups is expected to make these products globally competitive by rebating all embedded taxes/levies which are currently not being rebated under any other mechanism. It will ensure a stable and predictable policy regime and provide a level playing field to Indian textiles exporters. Further, it will promote startups and entrepreneurs to export and ensure creation of lakhs of jobs. Tax Refund for Exported Products It is a globally accepted principle that taxes and duties should not be exported, to enable a level playing field in the international market for the exporters. In addition, to import duties and GST which are generally refunded, there are various other taxes/duties that are levied by Central, State and Local Government which are not refunded to the exporters. Thesetaxesandleviesgetembedded in the price of the ultimate product being exported. Such embedded taxes and levies increase the price of Indian Apparel and Made-ups and make it difficult for them to compete in the international market. Realizing the importance of refund of embedded taxes, cesses and duties, the Ministry of Textiles first launched a scheme by the name of Rebate of State Levies (ROSL) in 2016. In this scheme the exporters of apparel, garment and made-ups were refunded embedded taxes and levies through the budget of the Ministry of Textiles. In 2019, the Ministry of Textiles notified a new scheme by the name Rebate of State and Central Taxes and Levies (RoSCTL). Under this scheme, the exporters are issued a Duty Credit Scrip for the value of embedded taxes and levies contained in the exported product. Exporters can use this scrip to pay basic Customs duty for the import of equipment, machinery or any other input. Just one year after launch of RoSCTL the pandemic set in and it has been felt that there is a need to provide some stable policy regime for the exporters. In the textiles industry, buyer places long term orders and exporters have to chalk out their activities well in advance, it is important that the policy regime regarding export for these products should be stable. Keeping in view the same, the Ministry of Textiles has decided to continue the scheme of RoSCTLupto 31st March, 2024 independently as a separate scheme. Continuation of RoSCTL scheme will help generate additional investment and give direct and indirect employment to lakhs especially women. Mumbai: SVP Global Ventures Ltd, Mumbai, has got listed on the National Stock Exchange (NSE). The company commenced trading on NSE at Rs. 111.80 per share with a total quantity traded today being 3.49 lakh shares with a total delivery of 54.37 per cent. The market capitalisation of the company post-closing price stood at Rs. 1,361.77 crore. SVP Global Ventures is engaged in manufacturing polyester, polyester & cotton blend, and 100 per cent cotton yarn across 3 state-of-the-art manufacturing facilities in Jhalawar, Rajasthan, Ramnad, Coimbatore and Sohar, Oman. SVP Global Ventures Ltd. listed on NSE Bangladesh: Bangladesh has ordered all factories to close operations from July 23 for 14 days. The closure will continue till August 5 to contain the rising cases of COVID-19, said the Cabinet Division in a notification recently. The relaxed directives were issued to conduct trade and other economic activities ahead of Eid-ul-Azha, to be observed on July 21. From July 23, all industries, including apparel factories, which mostly remained out of the purview of lockdown earlier, will also remain closed, the government notification said. All shopping malls, markets, tourist spots, resorts, community centres and recreational centres will also remain closed. B’desh market close for 14 days 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
- 4. 04 www.gtanews.in Global Textiles & Apparels, Mumbai, Friday, 16 July 2021 Associations & Company affairs New Delhi: The Apparel Export Promotion Council (AEPC) Chairman DrASakthivel welcomed the Government’s decision to continue the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme on apparels and made-ups till 31 March 2024. “I am extremely grateful to Hon’ble Prime Minister Shri Narendra Modi, Hon’ble Finance Minister Smt Nirmala Sitharaman, and Hon’ble Minister of Textiles and Commerce & Industry Shri Piyush Goyal for extending the RoSCTL scheme till March 2024,” Dr Sakthivel said. “It will refund all embedded taxes and make our RoSCTL to help Textile Sector attain $100 bn export - AEPC products globally competitive. The scheme will go a long way in bringing back positive sentiments and helping the Indian textile value chain attain $100 billion annual exports in next three years,” the Chairman said. Dr Sakthivel said that the scheme will prove to be a major strategic decision towards generating lakhs of new employment, particularly for the vulnerable sections including semi-skilled, rural youth, migrants and women in the MSME segment. It will also help in achieving the envisioned goal of “Aatmanirbhar Bharat”. “The encouragement given to the textile sector, which directly employs 45 million people, most of them being women, will benefit a much larger population and will be more inclusive in nature. “The RoSCTL scheme will make Indian textile and apparel industry more competitive in the global market,” Dr Sakthivel said, adding that the industry is highly Mumbai: India shipped US $ 2.28 billion worth of textiles to USA in the first 5-month period of 2021, growing over 66.69 per cent on yearly basis. During the same time, overall USA’s import of textile products valued US $ 12.47 billion with a Y-o-Y growth of 39 per cent. India’s share to this value remained 18.32 per cent that grew from 15.28 per cent a year earlier. On the other hand, China accommodated US $ 4.32 billion worth of textile shipment to USA in January to May ’21 period, constituting around 34.65 per cent of total textile import value of USA. Last year in January May period, China’s share was 34.03 per cent and, despite pandemic stretching to 2021 as well, the Asian manufacturing giant scaled up its share by just 0.62 per cent! At the same time, India increased its share by over 3 per cent, signaling a shift of business from China is not just on papers as rumoured by some industry stakeholders in the neighbouring countries. The growth in Indian textile exports is achieved despite the fact that the country went into a series of lockdowns across states inApril and May, putting a temporary pause on the business activities. India noted double-digit growth in its yarns, fabrics and made ups – three main textile categories. Made ups constituted larger chunk in the total shipment from India to USA, valuing US $ 1.92 billion, and grew by 64.54 per cent on Y-o-Y basis. Yarn shipment valued US $ 55.16 million (up 88.37 per cent), while fabrics’ export to USA clocked US $ 302.92 million (up 77.74 per cent). India Textiles exports share in Jan-May’21 excited about the huge potential. The Chairman said that the scheme will help check the declining trend being witnessed in apparel exports. India’s apparel exports have been losing market share to competitors. It fell 20.8% in one year from $15,509 million in 2019-20 to $12,289 million in 2020-21. “This declining trend in apparel exports is of concern for the nation, given its huge socioeconomic importance. The scheme is all set to reverse the trend,” he added. Mumbai: An Uzbek delegation had visited Iran and met representatives of North Industrial Marine Coating Co. in the Mozandaran province to discuss production of paints and varnishes in the district. T he Kitab administration and Iranian firm Payam Gostar Tejarat Farda signed an agreement on export of textile from Uzbekistan to Iran worth $5 million. The agreement followed the delegation’s participation in a roundtable of the TehranAssociation of Textile Exporters and Producers. The Uzbek delegation promoted the investment, trade and economic potential of the Kashkadarya region during the roundtable. An Iranian delegation will visit Uzbekistan’s Kashkadarya region inAugust to implement the joint project on production of paints and varnishes. Uzbek district sign agreement with Iranian company Mumbai: Eton Systems has introduced Opta System that claims to help businesses in the fashion industry to become more efficient and profitable. According to Eton Systems, producing garments for a fast-moving consumer market requires short throughput times and low cost of quality to maintain profitability. The most important factor to keep high efficiency in garment production is to keep the needle moving and, with Opta, all components are sequenced automatically to each work station presented directly to the operator so that needle time does not reduce. The company has added more station types and optimised software in the new system. With three kinds of stations, supporting dual transporting rails; connecting bridges between lines and buffer stations, Opta claims to give even greater flexibility for future extension – while maintaining the high quality. Eton introduces ‘Opta System’
- 5. 05 www.gtanews.in Global Textiles & Apparels, Mumbai, Friday, 16 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. For Enquiry Contact us: (Mr. Abhaya Kumar ) CEO Phone No.: +91 (0) 7008699278 / (0) 9776750377 Toll Free: 1800 212 3327 enterprisesjagabndhu@gmail.com Odisha, India Om Overseas Susmita Enterprises We are manufacturing of Break comber from Fabric clips and Hard Waste, which is using for Textile industry (Rotor Spinning) that’s count 10 Ne to 30 Ne. We also Export Break Comber and Import Fabric clips. Our moto is quality product and customer Certification. For Enquiry Contact us: Mr. G. S. Rout (CEO) ATA, GMTA, AMIE, MBA (Textile Chartered Engineer) Phone No.: +91-(0) 9530903422 (0) 9306034449 Email: gsrout2009@gmail.com Patiala, Punjab, India Book Your Ad here
- 6. 06 www.gtanews.in Global Textiles & Apparels, Mumbai, Friday, 16 July 2021 Associations & Company affairs Mumbai: Functional and advanced materials are shining in the wake of COVID-19, as they are recognized as important live saving materials. As COVID-19 starts to slowly fade away with full vaccination, economic activities will rise with enhanced consumer spending. Awareness has risen on the need and use of earth friendly materials like cotton and the need for advanced materials to cater to needs of citizens for all walks of life from medicine to infrastructure. C o i m b a t o r e , I n d i a - b a s e d Kumaraguru College of Technology (KCT) has realized the timely need to disseminate information on ongoing research in materials science to wider audience. KCT is organizing a three-day virtual event, “International Conference on Materials Research in Science and Engineering,” (July 23-25, 2021). Leading experts representing academia, industry, and research organizations such as India’s Defense Research and Development Organization are participating in the event. In speaking about the conference, Dr. D. Saravanan, Principal of the college stated, “It is an opportunity during this pandemic to exchange thoughts and research ideas for a safe and healthy world. Carefully selected themes such as sustainable materials, PPE and functional materials will help the researchers to collaborate and propose novel solutions to the problems”. Professor Eric Hequet, a leading expert in cotton quality who is theAssociate Vice President for Research at Texas Tech University will provide a keynote on the importance of cotton fiber quality. With the textile industry’s growing interest in sustainable materials, it is important that good quality cotton fibers are used by the industry. “Sustainability is essential to the long-term success of the textile industry. We need to reduce the environmental impact of our industry from the fiber production to consumer, including the final disposal of textile products. In addition, the economic and social impacts must be considered,” opined Professor Hequet. Professor Gang Sun of University of California, Davis will address a timely topic on the development of antiviral and antibacterial masks. “It is evident from the ongoing pandemic that the current PPEs for protecting both professionals and publics may not be perfect. Development of functional textiles that can meet new challenges are urgently needed. Antiviral and antibacterial functions on textiles could eliminate pathogens deposited on external surfaces, and reduce potential transmissions of pathogens caused by improper use of face masks,” stated Professor Sun. Professor Seeram Ramakrishna, who heads the Center for Nanofibers and Nanotechnology at the National University of Singapore will present results from his two decades of research in nanofibers. Addressing a topical issue, this scribe will talk about, “Advances in Personnel Protective Equipment (PPE).” Ongoing research in the Nonwovens and Advanced Materials Laboratory, Texas Tech University has shown the importance of face masks in curtailing the spread of COVID-19. PPE is important to fight the current and future pandemics. COVID-19 Era & Material Advancements By: Seshadri Ramkumar, Professor, Texas Tech University, USA In addition to these talks, leading experts from India, United States, United Kingdom, Malaysia, Singapore, and Finland are participating to discuss broad based subjects within the domain of advanced and novel materials. July being a plastic free month, it is no wonder that the virtual event is pitching topics such as cotton, sustainable chemistry, and materials. “International leading speakers with rich experience in the domains of materials, engineering and technology, are expected to enrich every session with new ideas, enabling the event to be a platform for international collaboration and networking,” stated Saravanan. 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 Mumbai: Avient Corporation has announced that to formulate colours and additives for fibres, the company is using a process that eliminates conventional bath dyeing. Known as solution dyeing or spin dyeing, this process requires up to 90 per cent less water and 60 per cent less energy, reduces CO2 emissions, and cuts down on chemical use. Avient provides vibrant colour tech in Fabrics Mumbai: JUKI has launched a new series of edge control seamers – the AE-200AN series. AE-200AN series is designed to join delicate and high-quality seams based on JUKI’s unique material- edge-control, as claimed by the company that further added that the overseas sales have begun this July onward. According to JUKI, an edge control seamer is a sewing machine designed to automatically join two plies of materials with different curved edges placed on the machine with their top ends aligned. The process for joining materials with different curved edges generally requires an operator with advanced skills. The new AE-200AN edge control seamer comes with a unique JUKI manipulator cloth-control system to ensure that even a beginner operator can join the seams with high finesse and quality results. JUKI launch New Edge Control Seamers Mumbai: Aritzia has reported 121.7 per cent revenue growth to $246.9 million (Canadian dollar) in its first quarter (Q1) of FY22 ended on May 30, 2021, compared to $111.4 million in the same period of prior year. E-commerce revenue for Q1 grew 18.6 per cent to $103.9 million (Q1 FY21: $87.6 million). The company’s gross profit for Q1 FY22 increased to $109.1 million ($13.0 million), while sales, general and administrative expenses were $70.4 million ($43.5 million). Aritzia’s net income improved to $17.9 million (loss: $26.5 million). Aritzia's Q1 FY22 Report M u m b a i : W o r l d ’ s l a r g e s t manufacturer of spandex, Hyosung, has released results of a new Life Cycle Assessment (LCA) wherein the environmental performance of its 100 per cent creora® regen spandex is compared to its virgin creora spandex. Hyosung is a comprehensive fibre manufacturer that produces world- class products, providing innovation and solutions to the textile industry. Astudy done by a third-party verifier distinctly showed that creora® regen spandex brings down CO2 emissions by two-thirds, when compared to production of virgin spandex. Hyosung’s creora® regen spandex is GRS, HIGGS MSI and Oeko-tex certified. It is in the process of obtaining a material health certificate under the Cradle to Cradle Certified Product Standard. Hyosung releases New LCA 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: Lenzing Group has partnered with Orange Fiber, that has patented the pulp production process for citrus by-products, to create the world's first TENCEL™ branded lyocell fiber made of orange and wood pulp. This innovative product strives to achieve both firms' common objective of improving sustainability in the textile and fashion industry. Through reinventing TENCEL™ branded fibers using unusual sustainable raw materials, the new TENCEL™ Limited Edition project unites the vision, innovation, and inspiration of eco-responsible textiles. Lenzing partners with Orange Fiber
- 7. 07 www.gtanews.in Global Textiles & Apparels, Mumbai, Friday, 16 July 2021 Associations & Company affairs Rieter Semi-Annual Report 2021 Mumbai: Rieter posted an order intake of CHF 975.3 million, which corresponds to an increase of 289% compared to the previous year period (first half of 2020: CHF 250.7 million). The recovery is broadly supported globally and is based on a catch-up effect relating to the years 2019 and 2020 and a regional shift in demand. Rieter is benefitting from its innovative product portfolio and the company’s global positioning. The highest order intake was recorded in Turkey. On June 30, 2021, the company had an order backlog of about CHF 1 135 million (June 30, 2020: about CHF 490 million). Order Intake by Business Group: In the Business Group Machines & Systems, order intake amounted to CHF 714.8 million (first half of 2020: CHF 129.2 million). In the Business Group Components, order intake rose to CHF 154.9 million (first half of 2020: CHF 76.7 million), and in the Business Group After Sales it increased to CHF 105.6 million (first half of 2020: CHF 44.8 million). A key driver of growth in the machinery business has been the demand for innovative complete systems in the areas of ring and compact spinning. T h e s u c c e s s f u l commercialization of the compacting devices and the piecing robot ROBOspin, launched in 2019, contributed to the increase in the Business Groups Components and After Sales. Sales by Business Group: The Rieter Group recorded sales of CHF 400.5 million (first half of 2020: CHF 254.9 million). Sales significantly increased compared to the previous year period; however, as expected, they were still impacted by the low order intake of the financial year 2020. In the first half of 2021, the Business Group Machines & Systems realized sales in the amount of CHF 218.9 million, which corresponds to an increase of about 83% compared to the previous year period. Spinning mills are working at good capacity levels with an increased demand for components as well as spare and wear parts, which is the reason for the positive development in the Business Groups After Sales and Components. In the Business Group Components, sales rose to CHF 112.4 million (+28%), and in the Business Group After Sales to CHF 69.2 million (+46%). Sales by Region: In the Asian countries, Rieter recorded sales of CHF 137.0 million (+57%) for the first half of the financial year 2021. In China, sales rose by 85% to CHF 68.5 million due to spinning mills investing in the improvement of their competitiveness. The recovery of the market in India resulted in a significant increase of 188% to CHF 51.0 million. In Turkey, sales improved slightly to CHF 59.8 million (+17%). The Sales increased by 94% to CHF 59.8 million in the region North and South America, driven by a considerable increase in demand in Latin America. EBIT, Net Profit and Free Cash Flow: In terms of EBIT, Rieter posted a profit of CHF 9.0 million for the first half of 2021 and a net profit of CHF 5.3 million. A one-off effect associated with the reversal of allowances for machinery that was delivered in the first half of 2021 contributed to this development. Free cash flow amounted to CHF 53.2 million, which was considerably influenced by the advance payments received from customers in conjunction with the significantly increased order intake. Strategy Implementation andCrisisManagement:Inrecent years, Rieter has consistently implemented its strategy based on the cornerstones of innovation leadership, strengthening the components, spare parts and services businesses, and adjusting cost structures. Crisis management in the pandemic year of 2020 was aimed at protecting employees, fulfilling customer commitments, ensuring liquidity, and also strengthening the market position for the time after the pandemic as well as retaining the ability to benefit from the incipient market recovery. The focus for 2021 remains on the implementation of this strategy. The measures for crisis management relating to the protection of employees and fulfilling customer commitments are still in effect in countries that continue to be affected by the pandemic. The Rieter Board of Directors has approved the implementation of the CAMPUS project. The Rieter CAMPUS comprises a customer and technology center as well as an administration building at the Winterthur location. It will make an important contribution to the implementation of the innovation strategy and to the enhancement of Rieter’s technology leadership position. Mumbai: India shipped US $ 2.28 billion worth of textiles to USA in the first 5-month period of 2021, growing over 66.69 per cent on yearly basis. During the same time, overall USA’s import of textile products valued US $ 12.47 billion with a Y-o-Y growth of 39 per cent. India’s share to this value remained 18.32 per cent that grew from 15.28 per cent a year earlier. On the other hand, China accommodated US $ 4.32 billion worth of textile shipment to USA in January to May ’21 period, constituting around 34.65 per cent of total textile import value of USA. Last year in January May period, China’s share was 34.03 per cent and, despite pandemic stretching to 2021 as well, the Asian manufacturing giant scaled up its share by just 0.62 per cent! At the same time, India India Textiles exports share in Jan - May’ 21 increased its share by over 3 per cent, signaling a shift of business from China is not just on papers as rumoured by some industry stakeholders in the neighbouring countries. The growth in Indian textile exports is achieved despite the fact that the country went into a series of lockdowns across states in April and May, putting a temporary pause on the business activities. India noted double-digit growth in its yarns, fabrics and made ups – three main textile categories. Made ups constituted larger chunk in the total shipment from India to USA, valuing US $ 1.92 billion, and grew by 64.54 per cent on Y-o-Y basis. Yarn shipment valued US $ 55.16 million (up 88.37 per cent), while fabrics’ export to USA clocked US $ 302.92 million (up 77.74 per cent). Bangladesh: Bangladesh's apparel export value amounted to 2.895 billion USD in June, up by 29.2% and 13.2% year- on-year and month-on-month respectively. The apparel export value increased by 32.5% compared to June 2019. On varieties front, the export value of knitted and woven apparel inched up by 16.9% and 9% month- on-month, and up 37.1% and 20.6% year-on-year respectively. Compared with June 2019, the export value of knitted and woven apparel moved up by 32.5% and 8.7% year-on-year respectively, indicating that the apparel export recovered well and the export value of woven apparel improved faster than the knitted one. In June, Bangladesh's home textile export value amounted to B’desh Apparel Export Value in June 94 million USD, up 6.56% year- on-year and 15% month-on- month. It increased by 84.1% compared with that in same period of 2019. Bangladesh's home textile export value in January-June climbed up by 32% year-on-year, which indicated that the overall export value performed well in January-June. In terms of yearly and monthly changes, apparel and home textile exports performed well, indicating that the exports value in June have recovered to the same period of 2019. However, it will still be difficult to judge whether it was a stage recovery. Bangladesh's home textile export value in June moved up month-on-month. Moreover, it has shined since last year.