The Indian textile sector will start trend forecasting soon.
This will help determine what will be in vogue in the near future, as India gears up to influence global fashion trends.

Schemes will be firmed up for the apparel and made-ups sectors which are WTO-compliant. This will be an added incentive for exporters and allow them to compete with the EU and other countries.

India is unable to compete in apparel exports with countries like Bangladesh and Vietnam, which enjoy zero duty access. More incentives are in the pipeline for the apparel sector under the Merchandise Exports from India Scheme.

An innovation and incubation center is also being set up which will incubate startups in the sector and handhold them to move forward. A repository of various indigenous crafts will be prepared. Joint ventures with other countries are being planned on technical textiles and specialty fibers. An India-specific apparel sizing is being undertaken.

The Remission of State Levies Scheme is being reexamined. A hike in rebates is likely. Embedded duties will be refunded fully.

India’s share in world trade in textile and clothing is estimated to be 4.95 per cent. With these exports, India is ranked second among suppliers in the world.

Hanes Brands has earned an A- score and taken a leadership position in the CDP 2018 Climate Change Report. Hanes has voluntarily reported its carbon emissions data since 2010 to CDP, which was formerly known as the Carbon Disclosure Project. The company scored in the top six per cent of nearly 7000 companies that participated in the most recent report and achieved the highest score in the apparel industry.

Receiving nearly across-the-board scores in the A range, Hanes’ performance was also higher than the company’s reporting sector average and regional average. Hanes Brands is a leading global marketer of everyday basic apparel under world-class brands. Unique in the apparel industry because it owns a significant majority of its manufacturing and supply chain operations, Hanes achieved its CDP score for its transparency and by managing emissions, implementing best practices and taking coordinated action on climate-change issues.

Hanes, with over 68,000 worldwide employees, embraces environmental stewardship and the conservation of natural resources. Among the company’s 2020 objectives are goals to reduce energy consumption and carbon emissions by 40 per cent from its 2007 benchmark.

Since 2007, the company has reduced energy intensity by nearly 21 per cent. It has partnered with universities to educate the next generation of business leaders about the importance of integrating environmental stewardship in business strategy.

The global zipper market is growing at a CAGR of 4.5 per cent. The zipper, formerly known as a clasp locker, is a commonly used device for binding the edges of an opening of a fabric or other flexible material, as on a garment or a bag and so on. Zippers are widely used in clothes, shoes, luggage/bags and so on. With increasing demand from downstream industry, zipper production has shown a continuous upward trend over the last few years.

YKK, Riri, Ideal Fastener Industrial, SBS are among key players in the zipper industry. YKK is the largest manufacturer of zippers in the world. Zippers can be made of metal, nylon or plastic, out of which nylon zippers account for 68.66 per cent of the market share.

China is the largest base of zippers globally, with a share of 56.05 per cent. However, when considering product quality, China still has an obvious gap with manufacturers from developed countries, such as Japan or Europe. Asia is the key consumer for this market. China is again the largest consumer in the world with a 37.25 per cent share in the consumption market. Southeast Asia is the next biggest consumer.

Kimberly Glas is president and CEO of the National Council of Textile Organizations (NCTO). Glas brings over 20 years experience in policy development and advocacy. Her multi-faceted career includes spearheading manufacturing and trade policy efforts, serving as a key leader on behalf of the textile industry and leading a non-profit organization working to advance critical policies to grow quality, US jobs in the clean energy economy.

She has a strong combination of leadership skills, policy and advocacy knowhow, and industry knowledge and has extensive experience working on manufacturing, trade, competitiveness, and sustainability issues. She has worked closely with the United States Trade Representative, other key agencies, and Congress to advance a multitude of trade policy interests critical to the US industry.

NCTO is an American trade association that represents domestic textile manufacturers, including artificial and synthetic filament and fiber producers. The US textile industry is experiencing a dynamic period. A new policy environment has evolved that places a greater emphasis on domestic manufacturing.

Sangam’s net sales for the December quarter were Rs 441.93 crores as compared to Rs 472.54 crores during the September quarter. Net profit was Rs 0.16 crores for the December quarter as against Rs 9.72 crores for the September quarter. EPS was Rs 0.04 for the December quarter as compared to Rs 2.47 for the September quarter.

Net sales were Rs 441.93 crores for the year as compared to Rs 423.18 crores during the earlier year. Net profit was Rs 0.16 crores for the year as against Rs 3.76 crores for the previous year. EPS was Rs 0.04 for the year as compared to Rs 0.95 for the preceding year.

Net sales were Rs 1390.68 crores during the nine month period as compared to Rs 1237.81 crores during the nine month period in the preceding year. Net profit was Rs 14.06 crores for the nine month period as against Rs 5.40 crores for the nine month period the previous year. EPS was Rs 3.57 for the nine month period as compared to Rs 1.37 for the nine month period the previous year.

Sangam, which opened in 1984, is a vertically integrated unit, starting from yarn right up to garments. It does cotton and synthetic yarns, denim fabrics, suiting fabrics, PV suitings.

The bright prospects of knitted fabrics market are due to a variety of factors such as the positive growth prospects of the textile industry and the increasing popularity of knitwear among the millennial population.
The adoption of next-gen knitting technologies has led to enhanced business efficiency and productivity for manufacturers. Leading players are focusing on enhancing sustainability and quality of their products to increase their footprint in this highly competitive marketplace.

China leads the growth of the knitted fabrics market in the Asia Pacific region with a whopping 61 per cent share of the global sales of knitted fabrics. China is one of the top clothing exporters in the world, as it accounts for over one-third of the EU’s apparel and textile imports. Domestic manufacturers in China are rapidly transforming their manufacturing strategies with digitalization and automation to bolster their sales of high-quality knitting fabrics worldwide.

Developing countries in the Asia-Pacific other than China are foraying into the knitted fabrics market with the rapidly escalating knitwear industry in India and Bangladesh. Further, favorable regulatory frameworks, increasing competition, and low labor costs are improving the export profitability for knitted fabric businesses in India and Bangladesh. Demand for weft-knitted fabrics will remain higher vis-à-vis wrap-knitted fabrics, owing to the low cost and versatility of weft-knitted fabrics.

Bangladesh is planning to establish a new textile hub for its apparel sector under the public-private partnership (PPP) scheme. The Bangladesh government has finalised the names of 16 textile mills that will be reopened through PPP. Steps towards finalising the opening of two among them have been completed These mills are located in Dhaka’s Demra and Gazipur’s Tongi. They are Ahmed Bawani Jute Mills and Kaderia Jute Mills.

Bangladesh’s cabinet has given its final approval to the PPP contract document. Private operators will run the mills under design-build-operate-maintenance and transfer method for a period of 30 years.

Bawani Jute Mill at Demra has been awarded to consortium of Tanzia Fashions, who will pay contract fees of Tk 2.5 crore annually. After 30 years of operation, they will hand it over to the government. Kaderia Jute Mills at Tongi has been given to consortium of Orion. It will also operate the mill for 30 years and will give the government contract fees of Tk 5.20 crore annually.

Falling yarn prices have hit spinners in Bangladesh. One reason is illegal import of low-cost yarns. Another reason is availability of the product imported under the bonded warehouse facility. Some businesses are importing yarns and fabrics under the bonded warehouse facility and later on selling the duty-free items in the open market at low prices.

Currently Bangladesh imports viscose worth billions annually which can be easily saved by producing its own raw materials. Production of viscose fiber proved to be more profitable than RMG production. Bangladesh has made a deal with China for building a viscose fiber plant from jute using Chinese technology and finance.

There are seven garment factories in Bangladesh among top 10 environmentally-compliant readymade garment factories around the world. The country has a target of reaching $50 billion in textile exports by 2021. Bangladesh frequently hosts yarn shows, to introduce latest sophisticated yarn, fabrics, accessories and emerging technologies for textile and garment industries. These enable textile and apparel industry buyers to meet local and overseas textile and yarn manufacturers face to face for the best qualities and reasonable prices.

The global athletic footwear market is expanding at a CAGR of 5.3 per cent. Footwear refers to garments worn on the feet which basically serve as protection from dampness, cold, roughness, dust and heat while walking, standing and running. Athletic footwear includes shoes used in exercise, sports, aerobics, hiking and walking.

Technological advances in the athletic footwear industry have enabled companies to manufacture quality products. Consumers are willing to spend more on footwear owing to the adoption of high-quality raw material and the use of machines that produce accurate and precise products keeping in mind the comfort of consumers. Companies are also focusing on adopting 3-D printing technology with an objective to produce quality shoes in shorter time.

Running and walking shoes dominate the global athletic footwear market. Wide availability in different price ranges followed by daily use by the mass population is expected to propel the growth of this segment. Economy footwear is widely favored by all age groups. Men dominate the global athletic footwear market. Online retail is expected to be the fastest growing segment owing to growing penetration of e-commerce in countries including India and China followed by ease and convenience of shopping. Asia Pacific is the most significant market and holds the largest market value and volume share.

Strong growth in jeanswear is expected in developing markets. South America leads this growth with a 12.1 per cent, while the rest of the world is set to increase in value by 19.7 per cent during the period. Jeans is a category that has surpassed trends, allowing consumers to buy any jeans style they prefer without being out of step with fashion.

The major driving factors are rising disposable income of individuals and increasing preference for wearing denim jeans. The US is predicted to maintain its position as the largest jeans market globally, with China following in second place. Nearly half of China’s jeans production stays inside the country. Around 22 per cent of the jeans manufactured in China are traded outside of traditional retail markets in exchange for goods or services rather than currency.

Denim jeans are a specific type of trousers made of denim or dungaree cloth. Denim jeans, a significant part of the clothing and apparel industry, are mostly popular among the young. Denim jeans provide street style fashion to lifestyle. Adding leather boots gives a rough look. Denims jeans are a tough and durable material, cost effective clothing to wear and stylish at the same time.