The handlooms and textiles department is acquiring the 100-acre land required to develop a textile city in Chennai’s Ambattur area.

To be implemented under public private partnership, the project is aimed at creating marketing networks and networking infrastructure, both physical and virtual, by establishing robust IT and network initiatives and creation of large-scale marketplaces.

The upcoming textile city will have research and development facilities, wholesale-cum-export facilities, GST and customs tables to facilitate the investors for ease of doing business and enhance exports multifold. The upcoming facility will be superior in all ways than the existing textile valley in Karur, which has limited facilities.

The USDA’s Jun supply and demand report says, global cotton production and ending stocks declined during the 2021/22 season. The association also forecasts a lower consumption for 2022/23 seasons, showing that the high cotton prices restrain the consumption apparently, and later, the consumption is likely to be lowered further. The drought condition in Texas persists, but crop growing development is good, and the expectations of a higher new cotton production maintain.

For 2021/22 season, USDA says, cotton production declined by 220kt from May, and production of Brazilian cotton also declined by 110kt. Meanwhile, consumption declined by 270kt. Overall, the cotton supply remained tight. 2021/22 global ending stocks declined by 150kt from previous month. But recently, new cotton arrived on the Brazilian cotton market, and local cotton prices dipped quickly. In Australia, affected by the rainfall, the harvests delayed in South Wales.

For 2022/23 season, USDA forecasts a slightly lower cotton consumption, to 26.46 million tons, down 30kt from 2021/22 season. Production is slightly higher. Though Texas need more moisture despite of recent rainfall, USDA reports a good development of US cotton planting this year, and it has not anticipated a production reduction.

Bangladesh RMG unit prices increased during July –May 2022-23 in both the US and EU markets despite a record-high inflation in both the countries.

Both the market play a paramount role in Bangladesh’s apparel exports, as the EU holding 50 per cent and the US holding a 21 per cent growth share during the July-May period of the current fiscal year.

However, both the US and the EU, along with most of the other nations are witnessing a hike in commodities due to the Russia-Ukraine conflict. In the US market, in April alone, the consumer price index (CPI) had risen to 8.3 per cent year-over-year. While, according to Eurostat, the statistical office of the European Union, EU area annual inflation was 8.1 per cent in May 2022.

In spite of this scenario, Bangladesh’s apparel unit price increased significantly by 6.5 per cent in the US and 10.7 per cent in the EU market which is a great boost for the Bangladesh RMG.

Crossing the $1blllion mark for the first time, Canada’s apparel imports surged to $1.03 billion in April ’22.

As per an Apparel Resources report, Canada’s imports from China, Bangladesh, Cambodia, India and Vietnam grew Y-o-Y in double digits as the growth is all around buoyed by the strong revival in consumer spending.

Value-wise, imports from China grew by 76.64 per cent Y-o-Y to $284.24 million while imports from Vietnam grew by 74, 39 per cent Y-o-Y to $171.52 million. Bangladesh’s export of apparel valued $132.20 million, while imports from India grew by 52.44 per cent to $43.95 million in April ’22.

Though growth on yearly basis was there, Bangladesh and China noted a decline on M-o-M basis by 5.63 per cent and 16.94 per cent, respectively. However, the subsequent months are predicted to be positive for Bangladesh as the factories have been running at full capacities post Eid.

Released on June 02, 2022, the report titled ‘Italian Fashion Brands in China’ ranks Bulgarifirst amongst the top 10 Italian fashion brands favored by Chinese consumers. In the NPS (Net Promoter Score) survey, Bulgari also ranks among the top 10 brands in terms of consumer recommendation and loyalty.

The report was released by LuxeCO Intelligence, the fashion industry research institute under Luxe.CO. It analyzed and studied the development of Italian brands in China from the following four dimensions: overall business scale, China market development, category representation, and data availability.

Bulgari was ranked for its excellent craftsmanship, historical heritage, and design aesthetics.Itsoutstanding performance fully demonstrates its leadership in the Chinese luxury market, and continuously reinforces the Maison’s standing in the hearts of Chinese consumers.

Bulgari has expanded its business footprint in China, with stores covering landmark cities in mainland China, Hong Kong, Macao, and Taiwan. Meanwhile, the Maison is actively working on omnichannel operation. Having gained a keen insight into the evolution of consumer lifestyle, Bulgari has opened Bulgari Boutiques Online and the Bulgari flagship store on JD.com, followed by a boutique on Tmall Luxury Pavilion in April this year, as part of its efforts to continuously transform the way of luxury retail.

As per the latest data from the CCF Group, textile and apparel imports by the United States increased by 34.4 per cent Y-o-Y to $10.99 billion in April 2022. The imports volume in increased by 65.2 per cent Y-o-Y to 10.18 billion sq m. The value of US apparel imports rose by 43.2 per cent Y-o-Y to $8.12 billion while the imports volume increased by 29.7 per cent Y-o-Y to 2.68 billion sq m.

The volume of textile and apparel imports volume from China increased by 15.6 per cent Y-o-Y in April 2022 to 2.8 billion sq m while the value increased by 27 per cent Y-o-Y to $2.27 billion. The value of apparel imports from China increased by 38.9 per cent Y-o-Y to $1.36 billion while the value increased by 28.4 per cent Y-o-Y to 710 million sq m.

From the monthly data, the US textile and apparel imports from China declined by 21.2 per cent in April compared to Mar. In addition, China’s share in US textile and apparel imports shrank from 42.5 per cent in 2021 to 32.2 per cent in 2022, and the shares of Turkey, Malaysia and Bangladesh all increased.

Global home textile leader Welspun India’s FY’22 revenues increased by 26.6 per cent Y-o-Y to Rs 93,773 million. Revenues from the textile division reached Rs 87,911 million during the year on account 1 per cent Y-o-Y increase in sales of terry towels, 6 per cent Y-o-Y increase sales of bedsheets and 19 per cent Y-o-Y increase in sales of rugs.

The company’s emerging businesses of e-commerce, brands, flooring, and advanced textiles grew by a cumulative 44 per cent during the fiscal year. The share of these businesses in the overall revenue increased to 26 per cent from 23 per cent last year. Domestic retail turnover grew by 66 per cent in FY22. Flooring continued its upward trajectory and grew by 107 per cent during the fiscal. The investment in all of the company’s emerging businesses is starting to reap the desired results to drive itsgrowth plans for the future. The company is focusing on its medium to long term strategic priorities and growth pillars by emphasizing on sustainable growth, profitability, and deleveraging its balance sheet.

Uttar Pradesh is drawing the attention of many textile and apparel companies who are setting up their facilities in the state.

As per an apparel resources report, Paragon Apparels plans to invest Rs. 300 crore in Meerut,which is expected to create 6,000 jobs.Besides, Artex Overseas will investRs. 180 crore; UC Garments,Rs. 10 crore; Universal Yarns and Tex, Rs. 40 crore; Pashupati Textile Prints, Rs. 19 crore; Ramesh Textiles, Rs. 6.40 crore and Kanodia Global, Rs. 25 crore.

Recently UP Government held an Investors Summit 2022, which was addressed by Prime Minister NarendraModi.

The government is also developing an appare park near Greater Noida. It also plans to set up a flatted factory project for apparel factories in Gorakhpur. The state is benefitting from the availability of skilled workforce, continuously improving basic infrastructure and proximity to Delhi.

As per a new research by Clean Clothes Campaign (CCC) Turkey, there is an urgent need to increase the minimum living wage for garment workers as the current legal only 25 per cent of the workers’ daily needs.

The Turkish garment sector employs around 1,5 million workers who make clothes for reputed lobal fashion brands, including: Adidas, Banana Republic, Benetton, Boohoo, C&A, Esprit, GAP, G-star, Hugo Boss, H&M, Inditex – Zara, Levi’s, Marks & Spencer, Next, Nike, Puma, Primark, Urban Outfitters, and VF. The clothes made them are exported to top five export destinations including Germany, Spain, UK, Netherlands and France. CCC Turkey research shows, these workers earn below the prescribed legal minimum wage which makes survival difficult for them.

The report found that one in three garment workers earns just the legal minimum wage – even with overtime. The minimum wage currently in Turkey is 4.253 TRY or 241 EUR net, but a basic living wage would be at least 13.000 TRY or 880 EUR (for January 2022), states CCC Turkey. Calculations by the Confederation of Turkish Trade Unions (TÜRK-İŞ) have found similar results.

BegoDemir, Coordinator, CCC Turkey, says, due to hyperinflation, garment workers in Turkey are confronted with the insoluble problem of sustaining their families. The state gives incentives to employers, but it doesn’t control the implementation of labor law in the sector. The Turkish government needs to ensure compliance to the law. All brands that have their supply chain in Turkey also must make sure all the workers behind their products reach all their rights, he adds.

Reportlinker.com’s new report on the global textile dyes market titled, ‘Textile Dyes Market by Dye Type, Type, Fiber Type and Region - Global Forecast to 2027,’names reactive dyes as the most technically advanced segment in dyeing industry.

According the report, these dyes reduce water consumption and are more eco-friendly. They are suitable for dyeing rayon, cotton and a few nylon fabrics. These dyes are seeing a consistent demand. Their growth is being driven by a better environmental performance, low cost, and improved technical properties such as good wash-fastness and a wide range of color compatibility.

The highest growing segment in textile dyes is viscose, a lightweight dye with a shiny finish and soft feel.The demand for viscose is high in the fast fashion industry. The highest demand is being witnessed from Asia Pacific Region.

APAC is estimated to be the largest as well as the fastest-growing textile dyes market.

Asia Pacific is the biggest market and a production hub for fast fashion industry. Leading players in the region are Atul Ltd. (India) and Kiri industries (India) and many more. Asia Pacific has comparatively less stringent laws and regulation around textile dyes and have availability of cheap labor.