Italian brand Zegna plans to increase its revenue to €2 billion in the med-term from the €1.29 billion posted last year. The family-owned group plans to increase its adjusted operating profit margin to 15 per cent in mid-term from a level of around 10 per cent achieved in 2021. The group, which controls Italy's luxury menswear brand Zegna and the US label Thom Browne, also expects store productivity to drive revenue growth.

Based in North Italian region of Piedmont, the group plans to use only renewable sources of electricity in Europe and the US by 2024, for all operations by 2027. By 2030, it expects 96 per cent main raw materials to be fully traceable. Starting next year, Zegna will plant 10,000 trees in every city where it opens or relocates shops, in a plan to reconnect to its reforestation project, started off by its founder in the early 1900s.

The 32nd edition of the Garment Technology Expo will boost domestic and international business in the fashion and textile sector by creating networking opportunities between designers and materials manufacturers. The event will be held from May 27 to 30 at the NSIC Exhibition Complex in Okhla, New Delhi.

The expo will showcase product categories including textiles, woven and printed labels, dyes and chemicals, woven tapes, hangers, plotter papers, raw materials, software solutions, and consulting services, etc. Sponsors for this edition of the event will include the Gujarat Garment Manufacturers Association, the Knitwear and Textile Club, and the Garments Machinery Manufacturers and Suppliers Association among others. The trade show also supports the Awdorg Foundation as its philanthropy partner this edition.

UK’s leading trade fashion buying event Pure London will focus on the overarching theme ‘Empowering Change’ this year. The event will be held from July 17-19, 2022 at the Olympia London venue and feature two retail industry legends Ed Burstell and Alan O’Neill, as keynote speakers.

On Monday July 18, Ed Burstell, Retail Executive, Liberty Stores, will discuss the expansion, growth and bouncing back of fashion industry. His adept leadership of Liberty during his near decade at the department store saw double-digit year-on-year growth driven by renewed focus on young British designers like Mary Katrantzou and Peter Pilotto, as well as spearheading a host of collaborations with brands like Nike, Barbour, and Levi’s, to highlight Liberty’s renowned floral prints.

Alan O’Neill, Managing Director, Kara will share his experiences of supporting iconic brands to grow their physical store sales on July 17, 2022. The event will be divided into five zones: Womenswear, Footwear, Accessories and Pure Jewel with Design Lab across these destination areas showing the newest and most innovative collections, and Pure Origin. A host of brands will showcase their Spring/Summer 23 Collections including One Hundred Stars, Brodie Cashmere, Onjenu, Lily & Me, My Doris, Meraki Beach, Bl^nk, Jayley, Alpe, Sonatachic, Joko Edu, ArtLove, Vilagallo, Envy Jewellery, ShanShan, Tale The Label, Italian Closet, Asiana, etc.

Currently, the third largest producer of synthetic and MMF fibres and polymers like polyester, PP, nylons and viscose etc, India aims to enhance its production capacity for technical textiles to $27 billion by 2026. As per a Textile Value Chain report, increased availability of MMF and synthetic fibers of all types helped create higher interest in non wovens and technical textiles during the COVID. In future, demand for these fibers is likely to increase 7 to 8 per cent per annum on an average compared to the current growth rate of 4 to 4.5 per cent.

The share of MMF textiles in global textile and clothing exports in developed countries has reached around 35 per cent, offering a perfect opportunity for future growth and development of these fibers. Currently, growing at a CAGR of 8 per cent, global technical textiles and nonwovens trade ranges between $260 billion to $275 billion, almost double the growth rate of normal textile and clothing sector of 4.5 per cent. India’s share in this fast growing and key textile sector is less than 1 per cent of global trade.

Target $27 million growth by 2026

Currently, growth in this sector is being led by China followed by Europe. India ranks third in the competitive availability of synthetic and MMF fibres and polymers like polyester, PP, nylon and viscose, etc. To upgrade its presence in the global technical textiles market, India needs to increase its market size to $27 billion by 2026.

India can achieve this by focusing on production of specialty industrial textiles like medical textiles and geotechnical textiles for use in high-growth and strategic sectors like medicines, aerospace, defense and civil infrastructure segments. Technical textiles are being used for creating high speed rail network, new ports, new airports and tunnels and roads in high altitude areas like Kashmir, Ladakh and North East and also a string of new highways, etc.

The four most impactful new policies that would help drive production and use of technical textiles in India include: Rs 160,000 million TTDS scheme for focusing on developing advanced technologies and new machines; Rs 10,000 million-National Technical Textiles Mission Scheme to venture into high tech projects in technical textiles; PLI or the production linked scheme to enhance production and use of both MMF fibers and technical textiles; and MITRA scheme for development and operations of large size or mega textile parks to attract large global investment into such world class ‘play n plug’ manufacturing zones across the country.

Develop specialty fibers and scale up wages

To enhance the size of India’s textile sector to over $100 billion by 2024, get 8 per cent market share in global textile and clothing/technical textiles trade, India needs emerge as a leading global supplier alongside China and offer all key raw materials and MMF fibres.

India also needs to develop specialty fibres like carbon fibres, Aramides, ceramic, glass and others. It needs to scale up wages in new markets and sign new FTAs with major export destinations like the EU and the US. Traditionally, India has been a dominant player in cotton-based textile sector. Now, to enhance its presence in MMF sector, it needs to increase its share in global textile and clothing trade to over 5 per cent and emerge as a reliable alternative supplier alongside China.

Improving production facilities and compliance standards will boost Bangladesh’s apparel exports to $100 billion in the next 10 years, observed international clothing retailers and brands at the recent Sustainable Apparel Forum 2022 in Dhaka. Bangladesh will continue to remain the most preferred apparel sourcing destination for brands, opined buyers at the forum. Ziaur Rahman, Head-Bangladesh, Pakistan and Ethiopia, H&M explained, the maturity achieved by industry leaders in the last 40 years will enable them to invest as per buyers’ requirements.

More investments in circular fashion and product diversification

Bangladesh currently has many green factories and also complies with workplace safety and other required standards, making it eligible to achieve $100 garment exports in the next 10 years, Rahman affirmed. Emphasizing on the importance of Bangladesh market he said, H&M sources garments from around 300 Bangladesh factories. This year, it plans to source around 11 per cent of Bangladesh’s total export value. However, to boost exports, Bangladesh needs to increase investments in innovation, circular fashion, product diversification and human development.

Agreeing with him, Shafiur Rahman, Regional Operations Manager, G-Star RAW said, his company plans to increase garment sourcing from Bangladesh by 30 per cent to $90 million in the next three years. Earlier sourcing about 75 per cent knitwear items, the company recently diversified to denim, woven and outerwear products, he added.

Italian garment machinery manufacturer and supplier Tonello has been supplying garment machinery in Bangladesh for last 28 years. Alice Tonello, Director- R&D, emphasized, the garment sector in Bangladesh will continue to grow. Her company has so far supplied 1,500 textile, garment and washing machines to Bangladeshi garment factories.

Yilmaz Demir, Regional Sales Manager – Asia, Bossa, also affirmed, Bangladesh is doing well as factories have improved production facilities. His company has been selling about one million yards of denim fabrics worth £5 million in Bangladesh for the last 16 years, he added. However, raw material prices have increased post pandemic. Also, the changes introduced in Generalized System of Preferences may create problems for Bangladesh in future.

Exporters concerned about low profit margins

Appreciating Bangladesh for becoming more compliant, Rashid Iqbal, Executive Director, Naveena Export a Pakistani-based denim fabrics manufacturer said, his company exports 5 lakh meter of denim fabrics worth $1.7 million to Bangladesh a month and it is an important market for them.

Amidst shifting work orders from China, Vietnam, Myanmar and Sri Lanka, a growing cause of concern is the low profit margins of garment exporters, opined Dolly Thay, Managing Director, Cloths ‘R’ Us, a buying house. Garment workers in Bangladesh are also affected by the way apparel sourcing takes place. Hence, the country needs new initiatives to reduce the industry’s impact on environment.

Organized by JFW (Japan Fashion Week Organization), The Premium Textile Japan (PTJ) Spring/Summer 2023 will be held at the Tokyo International Forum /Exhibition Hall E on May 25-26, subject to full compliance with safety rules and measures to prevent COVID-19 infection.

The event will focus on the ongoing JFW Sustainability Project and the JFW Textile Online Salon project. Mipox, a globally renowned top Japanese-affiliated polishing maker will showcase its dispersion technique for polymer/semiconductor materials, including resins, alongside coating techniques in the production process are utilised efficiently to develop reflective materials. The products to be displayed by the company include Ref Lite8000 series; a 20-colour set of reflective clothing kept always in stock and encompassing a wide-ranging spectrum. It will also showcase Ref Lite Softlite Plus - a reflector designed for the fashion industry, which eliminates stiffness, bends easily for piping and can be easily sewn.

Rainbow World from Noshiro City, Akita Prefecture, will also join PTJ for the first time with its own one-stop production facility, handling printing, washing, finishing and sewing for the handkerchiefs, stoles and other items on offer. It will showcase double-sided inkjet prints (integrated duplex) using reactive dye for cotton and silk. Another must-see poducts includes a uniquely developed natural plant-dyed fabric, using the regional resource of Akita cedar from Noshiro City, with dye extracted from its leaves as a raw material processed by hand screen printing in house.

Moelan Studio, a GOTS-certified specialist will exhibit a soft-touch twill that combines the ultra-breathable Lenzingecovero and sustainable true cotton material alongside a fluid and near-translucent typewriter fabric blending.

Located in the Niigata region, Asaki will present check fabrics using an unevenly dyed organic cotton, unique to the Niigata region and blending twisted yarns for a cool and fresh feel. Other highlights include crepe fabrics using blended yarns; cotton for warp and recycled polyester for weft, which retain their crease effect in a vertical direction, alongside newly developed fabrics using blended yarns; cotton for warp, cotton/linen for weft and washer-processed. All of which offering the same familiar cool and fresh feel; further interwoven with sashiko-like stitches for unique surface changes on the fabric.

The Indian government will shortly approve textile parks under the PM Mega Integrated Textile Region and Apparel (MITRA) parks scheme, said DarshanaJardosh, Minister of State for Textiles during the inauguration session of GartexTexprocess trade fair in MumbaI.

Jardosh said that seven states have shown interest to set up 13 parks under the scheme in the country. Deliberation is going on with the states which will have 51 per cent stake in the proposed textile parks. The parks will be approved with the consideration of industry’s requirement for future growth. It will ensure better ecosystem for the industry at various hubs in the country.

The Production Linked incentive (PLI) scheme succeeded in attracting an investment of around Rs10,600 in textile sector. However, many products were left out under the scheme, added Jardosh. She urged the Indian textile industry to diversify its raw material consumption as it is more dependent on cotton, while around 75 per cent MM fibre is used globally.

UK’s leading marketplace for wholesale Home, Gift, Fashion, and Sourcing, Autum Fair, which takes place on the 4-7th September at NEC Birmingham, is almost fully booked with a host of industry leading bellwethers set to showcase their latest collections.

Timed to get retailers ready for the Golden Quarter, retail’s busiest and most profitable time of year, show will present the market’s most innovative and inspirational brands including stylish and on-trend furniture, textiles and decorative interior accessories from Coach House, Hill Interiors, and the newly launched Mint Interiors by Kettle, within Home; hand-picked and curated Summerhouse stalwarts Pacific Lifestyle and Gallery Direct; best-sellers, contemporary designs, unique and personalised and licensed gifts, stationery and greetings, and beauty staples in Gift, from brands including Gift Republic, Kikkerland, Lesser &Pavey, Joe Davies, Richard Lang & Son, Candlelight, The Seed Card Company, East of India, Bomb Cosmetics, and Upper Cananda UK.

Latest research conducted by Naia from Eastman proves loungewear trend is here to stay with 78 per cent of women in the US and Europe selecting comfort as their top priority when selecting loungewear. Other findings show 74 per cent of respondents dressed more casually at home and 66 per cent are also choosing to dress more casually outside of the home.

Consumers also want more comfortable fabrics and more versatile loungewear and will likely purchase more loungewear items in the future. The survey results showed 61 per cent of women invested in more casual clothing, with 44 per cent reducing the amount of formal clothing in their wardrobes. They also prefer more sustainable loungewear with new and different fibers and would like brands to offer more of those options.

The study also highlighted a satisfaction gap among consumers who wanted better loungewear comfort, fit, quality, drape and durability. With Naia, Eastman aims to collaborate with brands to fill this gap and help them enhance the consumer shopping journey.

Available as both a filament yarn and a staple fiber, Naia Renew cellulosic fiber is inherently soft, is quick drying and has reduced pilling properties. It blends well with other eco-friendly materials, such as modal and recycled polyesters, to produce sustainable fabrics for everyday garments – including tops, dresses, jumpsuits, twinsets, t-shirts, comfy pants and sweaters.

Naia Renew is produced from 60 per cent sustainably sourced wood pulp and 40 per cent hard-torecycle waste materials, which would otherwise be destined for landfills or incinerators, with a low carbon footprint in a closed-loop process where solvents are safely recycled back into the system for reuse.

Latest customs statistics indicate, the Association of Southeast Asian Nations (ASEAN) remains China’s largest trade partner, accounting for 14.6 per cent of its total foreign trade in the first four months of 2022. It is followed by the European Union (EU) and the United States ranking second and third respectively

From January-April this year, the China-ASEAN trade totaled increased by 7.2 per cent Y-o-Y to 1.84 trillion yuan ($274.5 billion).

In Q1FY22, China’s trade with ASEAN increased by 8.4 per cent Y-o-Y to 1.35 trillion yuan and accounted for 14.4 per cent of China’s total foreign trade. In the first two months of this year, ASEAN lagged behind the EU by about 3 billion yuan, temporarily becoming China’s second-largest trading partner.

Analysts said that ASEAN's return as China’s largest trade partner shows that China-ASEAN economic and trade relations still enjoy significant vitality and strong resilience. The RCEP, effective from January 1 this year, will release more dividends to China-ASEAN trade in the future.