The highly anticipated ITM 2024 International Textile Machinery Exhibition is scheduled to take place at the Istanbul TUYAP Fair and Congress Center from June 4 to 8, 2024. Organized by TUYAP, the Textile Machinery and Accessories Industrialists Association (TEMSAD), and Teknik Fuarcilik, preparations are in full swing for this significant event, where leaders in textile technology will showcase their latest products to visitors from around the world. 

In anticipation of hosting thousands of visitors and industry investors, the ITM team has prioritized advertising and promotional activities. Due to high demand, the exhibition halls are nearly at full capacity, as announced in a joint press release by the organizers.

Wazir Advisors, a leading management consulting firm, has partnered with Good Fashion Fund (GFF), a Netherlands-based impact investor, to provide technical advisory services related to impact investments in the fashion industry.

Through this partnership, Wazir will advise GFF on technical, sustainability, and supply chain aspects of potential investments, as well as explore and identify other areas of opportunity and collaboration within the textile & apparel industry.

The partnership aims to broaden the scope of opportunities for textile & apparel stakeholders inclined towards adopting and scaling up sustainable innovations in their supply chain through impact investments. The investment and E&S expertise of GFF along with the financial and technical expertise provided by Wazir Advisors will significantly improve the positive impact of manufacturing along the Five Goods: Good Energy, Good Water, Good Materials, Good Lives, and Good Economy.

Commenting on the partnership, Varun Vaid, Business Director, Wazir Advisors, said, "We are excited to collaborate with Good Fashion Fund. With increased consumer awareness and pressure from global buyers & policy makers, sustainability has become a matter of urgency. Wazir is committed to being a part of the sector's progress, and we believe this collaboration will be pivotal in encouraging Indian stakeholders to adopt sustainable practices."

In the competitive landscape of textile and apparel manufacturing, integrating sustainable technological solutions into their supply chain becomes essential for manufacturers to retain their edge. GFF provides long-term USD debt directly to manufacturers to facilitate the adoption of highly impactful and disruptive production technologies, with the goal of establishing a textile & apparel supply chain that is restorative and regenerative. 

GFF aims to support manufacturers through technical assistance for E&S improvements, access to a network of industry experts and professionals including Wazir, visibility and exposure to brands and the international fashion sector as a 'front-runner' in sustainability.

Bob Assenberg, Fund Director, GFF mentioned, "As the only impact fund globally providing risk-tolerant debt for investments in sustainable and circular textile & apparel technologies in Asia, we are thrilled to be partnering with Wazir Advisors. Wazir's extensive industry network will help us connect with industry stakeholders whereas their technical expertise will support our decision making to partner with manufacturers in making the shift toward sustainability."

The Apparel, Made-Ups & Home Furnishing Sector Skill Council (AMHSSC) has commended the Hon'ble Prime Minister for the visionary launch of the PM-Vishwakarma Yojna on September 17, 2023. This momentous step is expected to have a significant impact on the apparel industry and its skilled artisans.

The PM-Vishwakarma Yojna offers a range of benefits tailored to the specific needs of artisans in the apparel sector, including:

• Elevating Apparel Quality, Scale, and Reach: The PM-Vishwakarma Yojna enables artisans to improve the quality, scale, and reach of their products by integrating them into the MSME value chain.

• Comprehensive Government Support: The scheme provides vital government support, including financial assistance, advanced skill training, expertise in modern digital techniques, and the adoption of eco-friendly green technologies.

• Amplifying Brand Recognition: The scheme strongly emphasizes promoting the brands of skilled artisans, providing them with greater visibility and recognition both locally and globally.

• Strengthening Market Connections: By establishing robust linkages with local and global markets, artisans gain access to a broader consumer base, thereby expanding their market reach and potential.

• Empowering Remote Artisans: The PM-Vishwakarma Yojna recognizes the immense potential of artisans in remote areas and encourages stakeholders to devise plans that unlock their abilities as suppliers and producers for the MSME sector through skill development and quality training.

A virtual private network (VPN) is a tool that encrypts your internet traffic and routes it through a remote server. This makes it difficult for third parties to track your online activity and steal your data. VPNs are essential for online security and privacy, especially when using public Wi-Fi networks or when accessing geo-restricted content.

Here are some of the key benefits of using a VPN:

• Security: VPNs encrypt your internet traffic, making it unreadable to third parties. This protects your data from hackers, ISPs, and other malicious actors.

• Privacy: VPNs hide your IP address and location, making it difficult for websites and apps to track you online. This helps to protect your privacy and prevent targeted advertising.

• Geo-restriction bypassing: VPNs allow you to connect to servers in other countries, which can be used to bypass geo-restrictions on websites and streaming services.

• Content filtering: Some VPNs offer content filtering features that can help you to block malicious websites and ads.

VPNs are a valuable tool for anyone who cares about their online security and privacy. They are relatively inexpensive and easy to use, and they offer a number of benefits that make them essential for internet users in 2023.

Textile Fiber from ‘Textile Waste’

Finnish sustainable textile material company Spinnova and Swedish textile recycling innovator Renewcell have partnered to commercialize and expand textile waste-derived fiber without using harmful chemicals. 

This collaboration is the first of its kind, and the debut consumer products made from this new textile fiber are expected to be available by the end of 2024.

Renewcell specializes in recycling cellulosic-rich textile waste, such as cotton and viscose, into a pulp product called Circulose. This biodegradable pulp is made entirely from 100% recycled textiles and can be used to produce new fibers. Up to now, Circulose has been used primarily to create synthetic cellulosic fibers like viscose. 

However, thanks to Spinnova's transformative technology, the partners can now turn Circulose into a new, biobased textile fiber without using any harmful chemicals in the fiber spinning process.

Spinnova has already successfully spun Circulose pulp into new textile fiber, and the first batches of Spinnova fiber made entirely from Circulose have been produced for yarn and fabric innovation. These prototypes include a blend of cotton and Spinnova fiber derived from Circulose.

Company goal is to accelerate the fashion industry's transition to a circular economy and explore options to scale textile-to-textile fiber production. 

The companies are currently evaluating options to initiate the scaling of textile-to-textile fiber production in collaboration with potential partners. They anticipate commencing the development of the inaugural consumer collection crafted from Circulose-based Spinnova fiber in the near future.

This collaboration between Spinnova and Renewcell is a major step forward in the development of sustainable textile fibers. It has the potential to revolutionize the fashion and textile industries by reducing textile waste and creating a more circular economy.

KARL MAYER has added a new model to its successful HKS 3-M ON family: the HKS 3-M ON PLUS. The new model offers more flexibility and performance than ever before, making it ideal for producing a wide range of fabrics, including net-like fabrics, square marquisettes, and shoe fabrics.

The HKS 3-M ON PLUS features a number of technical enhancements that make it possible to produce these fabrics in a variety of densities and structures. The new model also offers a number of other benefits, including:

• Even better fabric quality

• Increased competitiveness

• Unlimited repeat lengths

• The HKS 3-M ON PLUS is available in the gauges E 14 to E 28, and with working widths of 130”, 180” and 210”.

Digital Patterning for Utmost Flexibility and Efficiency

Customers who want to fully exploit the extensive patterning potential offered by the HKS 3-M ON PLUS can use the HKS 3-M ON family's digital options with either k.innovation CORE or k.innovation CORE lite.

Development Led by Practical Requirements

The UK-based company, which was established in 1808, has been a KARL MAYER GROUP partner for many years, and is one of the market leaders in the area of warp knitted and woven fabric manufacturing. 

Heathcoat Fabrics supplied Queen Elizabeth's veil fabric on the occasion of the royal wedding in 1947, as well as parachute fabrics for NASA's Perseverance rover mission to Mars, for which this pioneering company won the Queen's Award for Enterprise in 2022.

Cotton industry leaders gathered at the West Texas Flow Marketing Meeting in Lubbock on September 20 to discuss the state of the industry and issues at hand such as supply chain, transportation, and warehousing.

Challenges:

• Smaller U.S. crop due to a dry and prolonged hot summer in the High Plains of Texas

• Slowdown in demand from China due to its economic slowdown and geopolitical tensions

• Increased competition from other countries such as Brazil

Opportunities:

• Growing demand for textiles in developed economies

• Potential for India to become a major player in the textile manufacturing sector

Key takeaways:

• Communication with partners is essential to plan for the season ahead

• Partnerships and constant communication with stakeholders are important to move cotton forward

• Effective engagement among different segments in cotton flow, brands, and retailers will be critical to address the lack of robust demand for textiles due to inflation

Seshadri Ramkumar, Professor, Texas Tech University, USA reporting on the above observes, “Overall, the cotton industry is facing a number of challenges, but there are also opportunities for growth. By working together, industry leaders can overcome these challenges and capitalize on the opportunities.”

CENTRESTAGE, Hong Kong's premier international fashion extravaganza, concluded with a resounding applause on September 9, 2023, marking a spectacular moment for the fashion industry. Organized by Create Hong Kong and the Hong Kong Convention and Exhibition Centre (HKCEC), this event was not just a runway show; it was the grand finale of the 2023 Hong Kong Young Fashion Designers' Contest, celebrating the very essence of fashion, innovation, and design. This year's theme, "Everything is Inspiration," encapsulated the spirit of the competition, which provided a prominent platform for emerging talents in Hong Kong's local fashion scene.

The evening unfolded with ten promising Hong Kong designers unveiling their collections, each conveying unique stories through their creative works. Among this stellar lineup, it was Jason Ying's collection, 'Holometabolism,' that emerged victorious, earning him not only the prestigious Champion title but also the esteemed Best Visual Presentation Award. Jason, an alumnus of the Queensland University of Technology in Australia, showcased his expertise in biomorphic structure and form, seamlessly integrating his fascination with deconstruction and metamorphosis into his designs.

Overwhelmed by his monumental win, an elated Jason shared his thoughts, saying, "It's so amazing. I still can't believe it. It feels like I'm in a dream. I want to keep working hard but still need to think about what the next step will be."

Sharing the winners' stage with Jason Ying were Johnson Chong, who secured the Excellence Award for his collection titled "Last Chance Hiking With My Mum," and Tiger Chung, recipient of the My Favourite Collection Award for his creation, "Whispers From The Nomad - A Folk Horror Tale."

The fashion showcase not only celebrated the creativity and talent of these young designers but also attracted a host of celebrities, including Cantopop sensation Kay Tse, Ansonbean, Lagchun, Jamie Zhang, and featured a captivating performance by the Indie band The Hertz during the MINI x Wilsonkaki runway show.

CENTRESTAGE Hong Kong 2023 was indeed a dazzling display of innovation and creativity in the world of fashion, reaffirming Hong Kong's position as a global fashion hub. The event's success underscores the city's commitment to nurturing and promoting emerging talent in the fashion industry, promising a bright future for Hong Kong's fashion scene.

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Gurgaon-based management consulting firm, Wazir Advisors, has forged a strategic alliance with the Netherlands-based Good Fashion Fund (GFF) to provide critical technical advisory services in the fashion industry's realm of impact investments. This partnership signifies a concerted effort to offer guidance to GFF on multifaceted aspects of potential investments, encompassing technical assessments, sustainability considerations, and supply chain enhancements. Beyond this, the collaboration seeks to unearth fresh opportunities and cultivate synergy within the textile and apparel sector.

Varun Vaid, Business Director at Wazir Advisors, voiced his excitement about this venture, emphasizing, "We are thrilled to join forces with the Good Fashion Fund. With mounting consumer awareness and increased pressure from global stakeholders and policymakers, sustainability has taken center stage. Wazir is dedicated to contributing to the industry's advancement, and we believe this collaboration will be pivotal in motivating Indian stakeholders to adopt sustainable practices."

In the fiercely competitive landscape of textile and apparel manufacturing, incorporating sustainable technological solutions into supply chains is a vital component for manufacturers aiming to maintain their competitive edge. GFF plays a pivotal role by extending long-term USD debt directly to manufacturers, enabling them to adopt highly impactful and innovative production technologies. Their overarching mission is to establish a textile and apparel supply chain that is both restorative and regenerative. GFF provides manufacturers with technical assistance for environmental and social (E&S) improvements, grants access to a network of industry experts and professionals (including Wazir Advisors), and facilitates visibility and exposure to brands and the global fashion sector as sustainability trailblazers.

Bob Assenberg, Fund Director at GFF, shared his enthusiasm, stating, "As the sole global impact fund offering risk-tolerant debt for investments in sustainable and circular textile and apparel technologies in Asia, we are thrilled to partner with Wazir Advisors. Wazir's extensive industry network will enable us to connect with industry stakeholders, and their technical expertise will fortify our decision-making processes as we collaborate with manufacturers in their transition toward sustainability."

This partnership harbors a broader mission—to expand the horizons of opportunities for textile and apparel stakeholders eager to adopt and amplify sustainable innovations within their supply chains through impactful investments. By harnessing GFF's investment and E&S expertise in tandem with Wazir Advisors' financial and technical acumen, the positive impact of manufacturing can be markedly amplified, aligning with the Five Goods: Good Energy, Good Water, Good Materials, Good Lives, and Good Economy.

The Good Fashion Fund (GFF), initiated by Fashion for Good, is a collaborative initiative involving the Laudes Foundation, The Mills Fabrica, FOUNT, and Rabobank as a lender to the Fund. GFF extends long-term USD loans alongside technical, environmental, and social expertise to manufacturers in Asia, primarily in India and Bangladesh. With a blended capital structure and an actual fund size of USD 19 million, GFF's current partners include Pratibha Syntex, Progress Apparels, and Sri Kannapiran Mills. The Fund is managed by FOUNT, a prominent impact investment firm from the Netherlands.

Europe was and continues to be in pole position for western wear for men, women and children. A recent report by a research house IMARC Group titled “Europe Menswear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” reveals a CAGR of 4.5 per cent between 2023 and 2028 in the menswear category. The baseline of the report was January to December 2022. 

It should be noted in terms of men’s clothing, the EU as a collective along with the UK is the single largest market for men’s wear followed by the US and China. Within the EU collective and the UK, the latter is the single largest market followed by Germany, France, Spain, the Netherlands, Italy and Poland. Together these countries make up nearly 73 per cent of all EU men’s apparel imports worldwide and 67 per cent of all intra-EU imports of men’s wear. In context of global men’s wear value in 2022, the market size reached $560.2 billion. The European men’s wear growth when split into categories and price range showed a clear preference for high-quality clothing as well as a distinct taste for luxury brands. 

Important revenue and usage statistics

As per market research organisation Statista, revenue in the in Europe’s men’s apparel segment will reach a value of $156.6 billion by end of 2023. As a single country, the most revenue is generated in the US, where 2023 is expected to close at $110.9 billion. In relation to total population figures, per person revenues of $184.30 will be generated by European men in 2023. The average volume per person in the European men's apparel segment is expected to amount to 8.76 pieces in 2023 and volume is expected to amount to 7.59 billion by 2027.

Online shopping spearheads growth of men’s fashion

With high Internet penetration and a digitally savvy lifestyle, 67 per cent of men shopping for attire in Europe prefer online purchases compared to 65 per cent women, particularly in the age group 18 to 45 years, the group that drives the fashion market. Men over 45 not only prefer on-site shopping but also luxury clothing, which makes sense as they visit high-end retail outlets for the real-time experience . Almost 69 per cent of men surveyed in the UK admitted to not returning online purchases even if they did not meet the required fit. However, the survey revealed that jeans and trousers were the most returned items by men, if at all. The “not returning” attitude was slightly less in other European countries with Germany being most similar to the UK and Italy being the least similar to the UK. However, across the UK and the EU, online revenue share is expected to plateau from 2025 to 2027. 

Different markets with the EU

Germany is undoubtedly the largest market within the EU for men’s apparel. The overall apparel market in Germany is forecast to grow at a CAGR of 2.3 per cent between 2022 and 2027 to reach €83.6 billion. In men's footwear, trainers dominate sale and is expected to be the fastest-growing category. In 2022, H&M led the market in 2022 with 4.4 per cent market share followed by C&A at 2.9 per cent and Adidas at 2.8 per cent. The second largest market for men’s wear in Europe is Italy with a value of €74.8 billion by 2027, with France as the third largest market by 2027 with a value of €55.5 billion. 

In terms of men’s fashion, Europe may be the single largest market as a collective but according to predictions, the US and China are bigger as single country markets and India is catching up as well.