To be held from February 7 to 09 at the Parc des Expositions de Paris de Paris-Le Bourget, Texworld Evolution Paris will provide visitors an opportunity to discover the Trends Forum imagined and designed by the art directors of Texworld Paris, Louis Gérin and Grégory Lamaud. Displayed at several points in the exhibition, the new forum will highlight expressive lines born out of these two years of crisis. It will interrogate the new forms of ‘living together,’ the barriers between communities, cultures and materials by exploring the power of these interfaces in creative terms: the junction between digital and tangible, natural and synthetic, hard and soft. These associations, which give a particular place to materials and fibers, will be explored through four major themes.

Border: This theme gives clothing materials their rightful place. It will encompass a large tonal palette ranging from graphite to arctic blue, but always in rather muted and ‘earthy’ aspects.

Alliance: This ethereal and spiritual creative range will showcase palettes of blue and green. The materials (carved embroidery) and the fiber (fibrous protrusion) in this theme will be are expressed in tones - transparent or opaque - in a spirit where nature often shines through.

Connections: This theme will include synthetic and fluorescent materials. It will mix fluorescent angora with knitted (recycled!) plastics.

Surface: This theme will be the point of contact and exchange between virtual and real, between earth and space, through a palette of blues and greens that can be imagined as flat surfaces" in the style of "flat design". The mixtures (crystalline membrane) and contrasts (antic collage) that confront the materials are not forbidden.

Visitors will be able to discover these major themes through all material samples and finished products selected by the show's artistic directors to illustrate concretely each of the creative universes of Spring/Summer 2023 fashion.

The consolidated net profit of textile firm Trident jumped by 88.22 per cent year-on-year (YoY) to Rs 211.09 crore during the fourth quarter ended December 2021. The company had posted a profit of Rs 112.15 crore in the corresponding quarter of the previous financial year.

Trident’s consolidated revenue from operations grew by 51.94 per cent YoY at Rs 1,980.01 crore as against Rs 1,303.15 crore posted in the same quarter a year ago. The company’s EBITDA grew by 143 per cent to Rs 406.06 crore against Rs 166.96 crore posted last year. Its total expenses surged to Rs 1,673.88 crore in the third quarter as compared to Rs 1,157.73 crore.

The company’s net debt increased to Rs 1,484.89 crore as compared to Rs 1,045.39 crore as of September 30, 2021. Its revenue in the textile segment incrased to Rs 17,05.93 crore in Q3 FY22 compared to Rs 1,107.77 crore in Q3 FY21. Revenues in the paper segment surged to Rs 2,51.95 crore compared to Rs 1,82.41 crore in Q3 FY21.

Rajinder Gupta, Chairman, Trident Group says, the company will continue to create value and maintain Trident͛'s excellence-centric mindset to achieve even stronger and better results in the coming years.

Omicron has led to Italian brands facing tough times. As per a Glossy report, brands in Italy have been facing not just delivery delays but also factory shutdowns. Tibi’s Italian factory shut down for over 10 days across December and January, informs Amy Smilovic, Creative Director. Lingerie brand Cosabella faced significant delivery delays with shipments arriving two later than the scheduled date.

If these delays and shutdowns continue into February and March, brands like Tibi and Cosabella will not be able to deliver their spring/summer orders. Last year, Cosabella received orders meant for January at the end of March. This year, his team anticipated the possibilities of delays in transition to the new year, even before Omicron became a concern. Cosabella bought excess raw materials in November, anticipating they may become harder or slower to get in January. The company also produced excess basics and core product around the same time, to solve for any dry periods when product runs low.

Brands including Jimmy Choo, Aquazzura and Sarah Flint that manufacture in Italy increased prices over the summer, to make up for new supply chain costs during periods when delays slowed the process to a halt.

The Pakistan textile sector has demanded either an immediate ban on cotton yarn exports or a fixed export quota to limit shipments in the face of the commodity’s shortage in the domestic market. As per a Tribune report, Shahzad Azam Khan, Central Chairman, Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has urged the government to eliminate all types of duties and taxes on the import of industrial raw materials not manufactured in the country.

The textile industry will be forced to shut down several units if the government fails to resolves these events, he added. Khan also requested the government to clear tax refunds of billions of rupees to ensure availability of raw material at reasonable rates to improve exports and avoid the imposition of taxes through the mini-budget.

In order to let domestic fabric and apparel manufacturers stay competitive, members of Powerloom Development and Export Promotion Council (PDEXCIL) have sought special export incentives for fabric and apparel makers back home. India’s textile and clothing manufacturers have been losing in competition to international counterparts in Bangladesh and China owning 70 per cent rise in yarn prices and high export demand. To support MSME exports, PDEXCIL members urged the government to provide providing intensives in the form of subsidy due to increased cost of yarn, logistics and raw materials over the past one year.

Bhart Chhajer, Former Chairman, PDEXCIL estimates, India’s yarn exports to China doubled in value terms and so have those to Bangladesh. Yarn exports to China increased over the past nine months especially after the US and the UK imposed a ban on procuring cotton from China’s Xin Jiang province, as a result of which Indian yarn makers gained in terms of order volumes.

While calling this a boon for domestic yarn makers, Chhajer says, the industry is not getting enough realization. Secondly, surging cotton prices have also boosted yrarn prices, increasing inputs costs and making Indian products less competitive in the international market.

Twenty strategic projects worth Rs 30 crore in the specialty fibers and geo-textiles were cleared by the India’s Ministry of Textiles under its National Technical Textiles Mission. Of these, 16 projects are in specialty fibers including five projects in healthcare, four in industrial and protective and three projects each in energy storage and textile waste recycling, and one project in agriculture, apart from four projects in geo-textiles (infrastructure).

The projects were cleared during a meeting held by Piyush Goyal, Textile Minister, who emphasized on the connection of the industry and academia for the growth of research and development in technical textiles in India. Goyal also stressed upon the importance of building convergence with academicians, scientists and researchers.

He highlighted, the industry should focus on the internationally high value-added products and building a structure of brainstorming around problem statements. In addition, inter-ministerial synergy is required for attracting mega research projects in the country, he added.

Previously, the Ministry of Textiles cleared 11 research projects worth Rs 78.60 crore on March 26, 2021.

To inspire innovations in the textile, garment and fashion industry, the European Committee of Textile Machinery Manufacturers, Cematex has launched a new initiative to support startups and selected young enterprises. Cematex will provide these enterprises innovative solutions for the textile and garment industry with a grant to exhibit at the Start-Up Valley during ITMA 2023. The Cematex Start-Up Grant will cover the rental costs of a special design stand and fittings, as well as entitlements such as business matching

Ernesto Maurer, President Cematex says, the Start-Up Valley will complement the ITMA Research & Innovation Lab. In addition to exhibiting at ITMA 2023, Start-Up Valley exhibitors can also take part in various onsite activities, including speaking at the Innovator Xchange and participating in the ITMA Sustainable Innovation Award and Innovation Video Showcase.

To be eligible for the grant, start-ups must have a product or service that is within ITMA 2023’s exhibit profile. The company should have been incorporated for more than 8 years, and has either generated revenue for at least a year or raised capital from investors or grants from other incubator programs.

A key selection criterion is the environmental, economic and/or disruptive impact of the innovation, solution or product. Other criteria include the scalability of the innovation and its relevance to ITMA’s theme: Transforming the World of Textiles, and the four trending topics, namely advanced materials, automation and digital future, sustainability and circularity, and innovative technologies. Interested start-ups can apply for the Cematex grant by June 30, 2022. Winners will be announced by October 28, 2022. ITMA 2023 will be held at Fiera Milano Rho, Milan, from June 8 to 14, 2023. The exhibitor will include a dedicated chapter on textile reinforcement structures for composites.

The two-month old instructions issued by the Commission of Air Quality Management (CAQM) are preventing industrialists in Panipat from completing their export orders. As per Lalit Goyal, President, Panipat Exporters Association, this is causing loss of Rs 100 crore for the industry every week. Industries in the city should be allowed to run in full swing for all seven days of the week, he demanded.

A manufacturing hub of textile products, Panipat has an annual turnover of Rs15,000 crore in exports and over Rs35,000 crore in the domestic market. But, industries here have to close for two days in a week. The CAQM had banned the operation of DG sets and also ordered industries to function for eight hours a day in October last year. Various industry associations protested against these orders after which the CAQM allowed to run industries full swing for five days a week.

Lalit Goyal, President, Panipat Exporters’ Association, said, this order will lead to a huge financial loss and damage our goodwill in the industry. He demanded a removal of this ban on industries’ operations. Vibhu Paliwal, General Secretary, added, the ban prevents exporters from taking on the Chinese business due to the ongoing pandemic.

S Narayanan, Member Secretary, Haryana State Pollution Control Board (HSPCB), informed, the representation of the Panipat Exporters’ Association has been sent to the CAQM along with the board’s recommendations. CAQM will make the final decision on the matter, he added

Announced with an aim to strengthen Indian textile industry, the PM Mega Integrated Textile Region and Apparel (PM MITRA) scheme’s operational guidelines have been issued by the Ministry of Textiles. The scheme will enable the industry to scale up operations, reduce logistics cost by housing entire value chain at one location, attract investment, generate employment and augment export potential.

As a part of the scheme, the industry will set up large scale and modern industrial infrastructure facilities for entire value-chain. These parks will be located at sites having inherent strengths for textile industry to flourish and have necessary linkages to succeed. The scheme aims to leverage Public Private Partnership model for fast paced implementation in a time-bound manner.

PM MITRA Parks will be set up on the basis of proposals received from state governments having ready availability of contiguous and encumbrance-free land parcel of minimum 1,000 acre. The land asset will be used to leverage/attract investment in the PM MITRA parks for development and maintenance of the parks with high standard specifications. The scheme has a budget outlay of Rs 4,445 crore including administrative expenses of Rs 30 crore over 7-year period up to 2027-28.

India’s corporate profitabilitydropped 100-120 basis points (bps) year on year and 70-100 bps sequentially in the third quarter of this fiscal, as per a CRISIL survey report. Revenues for RMG Garments and cotton yarn makers increased by 30-35 per cent year on year amid higher exports.

In an analysis of 300 companies, excluding those in the financial services, and oil and gas sectors, CRISIL Research notes a-year decline in 12 quarters. As many as 27 of 40 sectors tracked by the agency are likely to see a contraction in their EBITDA margins.

Margins in consumer discretionary sectors fell by 130-150 bps on-year, and in export-linked by 200-250 bps. For the first nine months this fiscal, EBITDA margin rose by 80-100 bps a year to 22-24 per cent, aided by the low base of last year. Corporate revenue grew by healthy 16-17 per cent to Rs 9.1 lakh crore, driven by surging commodity prices. Volume growth continued to underperform though price hikes provided some offset, added CRISIL