The ErmenegildoZegna Group reported 20.8 per cent growth in H12022 boosted by A strong performance in the US, Western Europe and the United Arab Emirates.

In the six months ended June 30, the company’s revenues grew to € 729 million compared with €603.3 million in the same period last year. This was achieved despite the ongoing macroeconomic and geopolitical instability, and the impact of COVID-19 related measures in the Greater China region.

In the second quarter of 2022, sales rose 16 percent to €351.4 million.

Revenues of the Zegna brand increased 19 percent to €553 million from €466 million last year, a result of the repositioning of the brand. Shoes and luxury leisurewear continued to perform strongly, while tailoring and Made to Measure have rebounded.

Thom Browne sales climbed 30 percent, reaching €185.8 million compared with €142.5 million last year, boosted by growth across all lines, and particularly womenswear, and to the rollout of e-commerce through Tmall in the Greater China region, which was launched in the second half of 2021.

Revenues in the Greater China region declined by 14 per cent €to 247.2 million in the first half of 2022 compared with the same period last year, dented by the temporary store closures and lower customer traffic due to restrictions in major cities across the region.

Revenues in the rest of the world increased by 51 per cent to €481.8 million in the first half, up 53 percent. The second quarter showed a 59 percent rise, up from 48 percent in the first quarter of the year.

Having suffered considerable decline during the pandemic, the Indian textile industry is on a road to recovery. Contributing almost 7 per cent to India’s GDP in 2019, the industry is expected to grow at a CAGR of 10 per cent from 2019 to 2026 to reach $190 billion by 2026 and further to $209 billion by 2029.

The industry has been attracting significant investments for the last few years. From April 2000 to December 2020, foreign direct investment into the sector was $3.75 billion. The ICIL also invested $2.6 million in the sector in May 2021. Besides, the government authorized 100 per cent automation in the sector. Investments are being attracted through two new programs: Scheme for Capital Building (SCBTS), Production-linked Incentive (PLI). Together, these two schemes are helping the industry improve output and exports. By 2025, investments in the sector are likely to reach $120 billion and exports S$ 300 billion.

Positive future outlook

Known for the use of a wide variety of natural and synthetic fibers and yarns, the textile industry in India is technologically advanced and capital-intensive. Growing trade mechanization has created huge opportunities. Reaching a value of $121 billion, the Indian textile sector is projected to be the second most attractive market by 2025. India’s robust GDP growth is increasing the spending power among consumers, boosting demand for textile and apparel products. One of the most diverse textile industries across the globe, it offers hand-woven textiles on one end and capital-intensive mills on the other. This increases the range of possibilities.

Growth obstacles

Despite numerous investment opportunities and bright future prospects, the India’s textile industry also faces many challenges. Frequent policy changes both at the state and national level create several obstacles in the sector’s growth. The industry also suffers due to GST on its products that make them costly.

Another challenge faced by the industry is lack of access to latest technologies and machines. It is also unable to fulfill global export market criteria and faces obstacles like child labor, competition from neighboring low-cost clothing making countries and personal safety regulations.

Reforms the need of hour

To overcome these challenges, India’s textile sector needs to increase its competitiveness by modifying certain practices and implementing new ones. It also needs to emphasize on technological upgradation and capacity expansion. Government clearance for effluent treatment facilities to elevate the commercial market in its entirety is also advocated.

Supporting small and large-scale players can help the industry reach new heights. In addition, the sector needs to educate workers to suit changing needs of contemporary market besides decreasing taxes on government-subsidized exports. Sufficient gas supply would also help the textile industry continue operations unhindered. Besides, the government needs to create capital subsidies, provide a single point of contact for resolving industry issues a set price for yarn on an annual basis.

The rise in disposable income has boosted demand for India’s textile products both locally and internationally. The future is also brightened with rapid expansion of the retail sector, government subsidies and investments.

International Labor Organization’s Vision Zero Fund and Nike Inc have collaborated to launch a new initiative to cut deaths and injuries among garment and footwear workers.

The joint initiative aims to understand the reasons behind the vulnerability of garment and footwear workers to injuries and deaths resulting from commuting accidents, and lessen the adverse impact on workers, their families, and the sector as a whole. It aims tocollaborate for launching a common, standardized approach to reducing these accidents that can be adapted and replicated in different contexts.

According to data from the Organization for Economic Co-operation and Development (OECD), 1.3 million people are killed and up to 50 million people are injured worldwide on roads every year. Commercial vehicles are involved in approximately 10 to 22 per cent of all road crashes globally.

Garment and footwear sector workers are disproportionately involved in road accidents in many countries. The reasons behind this include commuting long distances, using less safe forms of transport such as motorcycles, walking to work, and sharing roads with heavy commercial vehicles.

The project’s approach includes creating a Theory of Change (TOC) on road safety for garment workers, which has been put together after consultations with workers, employers, governments and ILO specialists in a number of countries.

The Theory Of Change aims to throw light on the underlying causes of road accidents involving garment and footwear workers. The partnership will also develop practical, easy-to-use guidance materials on commuting safety, which will be piloted by the Fund and Nike in a country where contract manufacturing facilities produce Nike products.

Demand for textile fibres in China grew at a fast pace in the past decade and is expected to continue growing in the next decade. As per a study by Research And Markets, the Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import and export, consumer consumption and capital investment for over two decades.

This market research report provides hard-to-find market data and analyses.The primary and secondary research is done in China in order to access up-to-date government regulations, market information and industry data. Data was collected from the Chinese government publications, Chinese language newspapers and magazines, industry associations, local governments’ industry bureaus, industry publications, and the publisher’s in-house databases.

Interviews were conducted with Chinese industry experts, university professors, and producers in China. Economic models and quantitative methods have been applied in this report to project market demand and industry trends. Metric system has been used and valuespresented in either Yuan (RMB, current price) and/or US dollars.

In the home textiles segment, the bed linen and bedspread category is expected to grow by 4.31 per cent from 2020 and 2025. This growth will supercede the annual growth rate of 3.51 per cent of the entire home textiles sector. Bed linen and bed spread constitutes 45.45 per cent of the total home textiles market.

From $48.682 million in 2016, the bed linen market which grew to $60.940 billion in 2021. It is likely to grow to $63.563 billion in 2022, $66.235 billion in 2023, $69.080 billion in 2024, and $72.088 billion in 2025.

The bed linen market accounted for 45.45 per cent out of total home textiles market in the world in 2021. Its market size totaled $60.940 billion, while the size of the home textile market totaled $132.990 billion in 2021. By 2025, the bed linen market is expected to grow by 47.68 per cent. Its total market size will be $72.088 billion, out of total $151.825 billion home textiles market in 2025.

In 2021, the bath/toilet linen market totaled $27.443 billion in 2021. It is expected to grow by 3.40 per cent annually and reach $30.309 billion till 2025. The market for floor segment of home textiles is expected to reach $19.070 billion with annual growth of 1.94 per cent by 2025. Upholstery market size will increase from $15.777 billion to $17.992 billion with annual growth of 3.36 per cent. Kitchen linen market will increase from $11.418 billion to $12.365 billion with growth of 2.05 per cent during the same period.

15th İstanbul Apparel Conference, TGSD’s flagship eventwill be organized on October 5 and 6, 2022. The Conference will be held at Çırağan Palace Kempinski in İstanbul and will be telecasted live on BloombergHT platform. It will focus on the theme of Green Revolution and cover four key areas including bio-based fibers, green factories, digitalization, and, purchasing practices.

The first day of the conference will feature a series of world-class speakers. In previous years, c-level executives of major brands such as Cerruti, LoroPiana, ErmenegildoZegna, Moncler, Miroglio, J Brand, Alexander McQueen, Tom Ford International, Uniqlo, Adidas, Nike, Polo Ralph Lauren, H&M and Inditex attended the conference as speakers.

The B2B event, which will be executed on the second day of the event, will gather gs manufacturers and suppliers together on B2B meetings to promote mutual business as well as the global industry.

China’s cotton yarn exports in July 2022 decreased by 5.64 per cent Y-o-Y but increased 0.9 per cent M-o-M to 14,200 tons

The structure of export varieties did not change much and continue to remaindominated by combed varieties, especially medium and high counts, and the exports of carded yarns were mainly low-count yarns.

The exports to Indonesia, Thailand, and Malaysia have increased significantly, but the volume is too small to be of little reference. Exports to Pakistan fell by 79 per cent.

Bangladesh’s cotton consumption may remain unchanged in the year from August 2022 to July 2023 owing to lower than expected imports.

As per the US Department of Agriculture (USDA), cotton import by Bangladesh was likely to decline to 8.4 million bales during the period from the estimated 8.5 million bales.

The USDA also, reportedly, forecast lower imports for India, Pakistan, Turkey and Vietnam, while adding Bangladesh’s import declined in the same period between 2021 and 2022 along with that of China and Pakistan.

Bangladesh’s imports declined by 8.7 per cent to 7.9 million bales of cotton from 8.7 million tons the preceding period.

A MatinChowdhury, Managing Director, New Asia Group, claims that volume of orders is reducing even if many are using synthetic and blended cotton owing to higher cotton prices.

A one stop shop for consumers’ product needs across home, gift and fashion sectors, the Design & Source fair will be held under the aegis of Autumn Fair 2022 at NEC Birmingham from September 04-07, 2022. Featuring over 100 global manufacturers of homewares, textiles, gifts, stationary, fashion and toys, the fair will focus on responsible and sustainable production. With a line-up of top manufacturers, Design & Source will focus on sustainable and ethical production.

Helping young minds and souls evolve and enrich

Offering a wide range of products from dolls and soft toys to outdoor games, educational toys, sound and light toys, India’s Salasar (Webby Toys) will showcase its range that helps enrich and evolve young minds and souls. Funride Toys another Indian toy maker that offers trikes, scooters, walkers and ride-on toys will also showcase its range. Suzanne Ellingham, Sourcing Director, Autumn Fair says, “The Indian Pavilion helps buyers discover more sustainably made products from quality manufacturers. Trade organizers need to encourage more such manufacturers that align with their products with new products in the UK market.’’

Besides sustainable toy manufacturers, the trade fair will showcase Indian manufacturers, of table and kitchenware, sports, clothing, and bag manufacturers, etc including, 3ACE international, ARNIKA-A Designer Studio and Allene Overseas

An able support to the retail industry

UK’s most vibrant marketplaces for wholesale home, gift, fashion and sourcing, Spring and Autumn Fair is the definitive ‘shop for shops’, that supports the retail industry. Located in the centre of the UK at the NEC in Birmingham, Spring and Autumn Fair is accessible to independent, multiple, or online designers, contractors and suppliers from UK and across the world every February and September.

The Punjab government has decided to construct a mega textile park in Fatehgarh Sahib.

It had earlier planned to construct the park near the protected Mattewara forest in Ludhiana. However, the plan was scrapped following a public outcry.

Bhagwant Mann, Chief Minister will write a demi-official letter to Piyush Goyal, Union Minister of Textiles, Commerce and Industry, requesting him to accept the proposal with a changed location,”said an official.

As per reports, the park will be built in around 1,000 acre in Fatehgarh Sahib. With 700 acre already acquired, another 300 acre will be acquired soon.

The Mega Integrated Textile Region and Apparel Park, under the PM-MITRA scheme will help in generating employment besides boosting exports from the state.