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The Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce, Government of India is organising ‘Make in India Week’ at MMRDA grounds, Bandra-Kurla Complex, Mumbai from February 13 to 18, 2016. The initiative will be help in association with all the Export Promotion Councils.
Led by Prime Minister Narendra Modi, ‘Make in India’ was launched as major national initiative for showcasing the potential of design, innovation and sustainability across India's focus sectors through a series of highly visible outreach initiatives in Mumbai.
The week-long event will cover key sectors including textiles, defence and aerospace, automobiles and auto components, chemicals and petrochemicals, construction equipment, materials and technology, food processing, infrastructure development, IT and electronics, industrial equipment and machinery, pharmaceuticals and micro, small and medium enterprises (MSMEs).
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India should allow its currency to slide, says a Assocham study, else Indian exports will suffer at the hands of China and other emerging countries witnessing corrections in their currencies.
The RBI should use its foreign exchange reserves to defend the currency only if there is a rout situation. In the meantime, India must also ensure that its exports need to get back their competitiveness even in the midst of the global slowdown.
The major challenge is coming from China in various forms with a sizeable influence on currency valuation. Yuan devaluation will negatively impact Indian firms, which have export exposure to China in sectors such as tyres, pharmaceuticals, steel and organic chemicals textiles due to a volatile change in the terms of trade. The devaluation will make Indian exports expensive.
With a sharp reduction in the prices of primary commodities, which India ships out, export value is bound to decline in a disproportionate manner to imports since the inward shipments comprise capital, telecom and manufactured goods. In 2014-15, the trade imbalance increased by over a third from the previous year. This large trade deficit is essentially a reflection of India’s inability to penetrate the Chinese markets, a problem that seems to have aggravated over the past three years.
With a focus on human relationships ‘Interfilière Paris,’ the leading international event for intimates and swimwear fabrics and accessories, is set for to open its doors in a feminine and authentic showcase from January 23 to 25 in Paris.
The entire intimates and beachwear community will be offered an overview of market directions and trends, technological innovations and surprising encounters when the event takes place.
Even though all processes are evolving faster and faster in line with new technologies, jacquard fabrics seem to remain independent from fashions and revolutions. Joseph Marie Jacquard is familiar to all the professionals in the textile market, as the son of a Lyon silk-worker, who invented an ingenious weaving loom, operated using new perforated cards. Developed back in 1801, this semi-automatic loom earned the nickname bistanclaque because of the powerful clanging noise it made while weaving.
Yet, paradoxically, jacquard fabric has never been so cutting-edge, modern, singular and present, organisers say. It becomes lingerie with circular knits in textured or open-weave patterns; warp knits produced on flat bed machines; and 3D designs from new, electronic looms.
Jacquard is at the forefront, taking market share away from prints and bringing new energy to the swimwear market with more technical knits, inform the organisers. The show’s ‘Exception’ area will be dedicated to jacquard. In the past, The Exception exhibitions were by invitation only, but in January the space will be open to all trade show visitors.
‘Interfilière Paris’ displays a range of innovative prototypes, including shapewear in new nylon Coolmax from Willy Hermann with two-way stretch lace from Chanty, illustrating the development of finer, better looking with function.
The event will feature creativity with an eye on commercial reality from Iluna, a range of matching lace, embroidery and flocking designed for different end-uses and occasions.
Winter sports are facing a challenge due to the late winter last year. Just ahead of the next edition of Ispo Munich from January, 24-27, 2016, the season still causes quite a headache to the ski-and snowboard market. Due to the lack of snow and the ongoing warm temperatures, retailers are complaining about full stock of snow wear and winter sports equipment. Many winter assortments have to be sold on sale.
However, Ispo Munich is prepared for the entire sports community. Over 2,500 exhibitors are expected at Ispo Munich 2016. A new exhibit hall segmentation aims to offer new opportunities and benefits to action sports exhibitors. By moving the exhibits into the halls B5, B6 and A6 the segment becomes more concentrated and also has a dedicated entrance on the east side of the exhibit center at its disposal for unique and segment-specific events.
As plans go, the current Athleisure trend will be presented in the Ispo Vision area at hall B1, where brands like Bogner, Kjus, Peak Performance, New Balance and Sportalm are increasingly acknowledging this trend. Also new developments in Wearables will be shown at the show, e.g. offering features from running shoe soles that analyze running style and provide feedback. This fits the still growing “Health & Fitness” market and its corresponding area at Ispo. This year, close to 140 exhibitors from the fitness and health industry will present their innovations in the newly expanded hall B4.
Botswana textile exports to the United States under the African Growth and Opportunities Act (AGOA) were down 11 per cent at $7.6 million by November 2015, this was revealed in the latest figures released by the country’s trade department. The figures indicate local textile exports to the US have again moved south, after a recovery in 2014, when it had jumped 61 per cent to touch $9.5 million at current rates.
The reason for the dip is strong competition from China which depressed sales last year. The festive season exodus of workers also contributed to the slump. Moreover, the biggest problem Botswana is facing today is the non availability of trained people. However, the industry is hopeful about a positive outlook in 2016, and discussions with the trade and industry ministry are on for possible remedial measures.
The Trans-Pacific Partnership (TPP), a deal that has been touted as a foundation for “21st century trade” by US President Barack Obama could allow millions of workers in Vietnam’s export-orientated factories, which are driving impressive economic growth, to form independent trade unions. The TPP seeks to liberalise commerce in some 40 per cent of the global economy, if ratified would oblige signatories including the US, Japan, Canada and Vietnam, to allow independent trade unions.
But labour activist like Do Thi Minh Hanh say the one-party state is a long way from concretely committing to that kind of change. Hanh who was released from prison in 2014 but lives under constant police surveillance says Vietnam still wants to maintain its monopoly on trade unions. Currently, all unions are part of the Vietnam Confederation of Labour, which is older than the ruling communist party.
The lack of meaningful representation is counterproductive as it leads to more wildcat strikes, said labour activist Nguyen Ngoc Nhu Quynh. Quynh is also not optimistic about the TPP as no one can ensure that the trade unions will be independent and will listen to workers’ concerns. The TPP contains a controversial investor-state dispute settlement mechanism which allows companies to take governments to court if they feel their rights are violated.
Vietnam’s low-wage economy relies heavily on exports, is projected to see the biggest percentage boost to the economy of any country in the TPP — about 10 per cent by 2030, mostly due to textiles and apparel, according to World Bank figures.
Last year, the economy grew at 6.68 per cent, its fastest pace in five years, partially thanks to record foreign investment. But in order to attract new high-quality TPP-linked investment, the communist country, which has the lowest GDP per capita and competitiveness ranking of the group, will have to introduce wide-ranging reforms.
Pakistan Hosiery Manufacturers & Exporters Association (PHMA) have urged the Federal Board of Revenue (FBR) to ban import of fabric from the United Arab Emirates (UAE), in a significant move to salvage the local fabric industry. According to PHMA, the unbridled import of fabric from UAE, though there are no manufacturing units in the country, is adversely hurting the local industry. This is all an Indian fabric which is being imported in Pakistan via Dubai, according to the PHMA letter that it wrote to chairman FBR Nisar Muhammad Khan. .
The letter urged the Pakistan government to investigate the Indian fabric trade from UAE and demanded UAE’s exporters to produce the Certificate of Origin of the fabric that is imported in Pakistan. For the survival of the local industry, the government should ban the import of fabric from UAE as there are no fabric manufacturing units in UAE. This will save a large numbers of weaving units in Pakistan that are currently non-functional or about to close down due to rampant import of Indian fabric, the letter added. .
Value-added textile sector has been clashing with the FBR because of non-issuance of custom rebate claims of exporters that have been held for few years. Exporters are of the opinion that the soaring rebate and refund claims have made it impossible for them to meet their foreign commitments due to severe liquidity crisis.
Japanese textile companies are flocking to Vietnam. Many of these manufacturers are hoping to get a boost from the proposed Trans-Pacific Partnership free trade agreement, to which Vietnam is a party and are ramping up production and exports in the Southeast Asian country with an eye toward boosting US-bound shipments.
The excellent technical capability of Vietnamese workers is a big draw, even if labor costs are higher than those in Bangladesh or Myanmar. Deregulation efforts are adding to the country's appeal. Last year, for example, Vietnam began allowing foreigners to own property for 100 years, as well as hold 100 per cent stake in local publicly traded companies, up from the previous 49 per cent.
Further enhancing the country’s drawing power is the fact that in addition to being a member of the TPP and the Asean economic community, Vietnam also has free trade agreements with South Korea and the European Union. Major Japanese trader Itochu has established a weaving mill in Vietnam with a monthly capacity of 5,00,000 meters of fabric. Itochu also produces shirts at the facility under other brands and ships them to the US and elsewhere. Japanese cotton spinner Shikibo will lower output at its Chinese sewing factory and increase production at a partner plant in Vietnam.
Texworld Paris will be held from February 15 to 18, 2016. This is a trade fair for professionals from the fashion industry. It will present new concepts, which will provide a clearer, better proportioned offering, divided into distinct sections.
The trade fair is seeing 30 per cent increase in the number for exhibitors from clothing and textile accessories manufacturers, currently more than 230 exhibitors are listed. China will have a strong presence with a varied range. Around 10 exhibitors from Hong Kong will showcase at Texworld. Taiwan will be represented by specialists in outerwear and Pakistan will be more oriented towards casual wear. Indian exhibitors will be multifaceted.
Casual wear will be partly represented by Bangladesh, which will be attending the February fair for the first time. Japanese producers of men’s and women’s knitwear will also attend. There will be an exhibit of shawls and scarves. This is designed to be an accessories showcase. It is diversifying towards finished products other than shawls, scarves and stoles, but staying with accessories. And Indian manufacturers, who are major specialists, will be responsible for 30 per cent of the offer.
www.texworld.messefrankfurt.com/
The Trans-Pacific Partnership deal will give double-digit boost to exports from Vietnam, Japan and Malaysia by 2030. Exports from Vietnam are expected to rise by 30.1 per cent, from Japan by 23.2 per cent, and from Malaysia by 20.1 per cent. Japan, a major exporter of electronics, would receive significant benefits as TPP will cut 87 per cent of tariffs on industrial products in the 11 other countries. Japanese exports of agricultural produce may also increase thanks to special measures to be put in place under the accord, such as a tariff-free import quota to be set aside for Japanese beef.
Outside Asia, double-digit rises are forecast for New Zealand at 12.8 per cent and Peru at 10.3 per cent. Increases for the remaining countries range from 9.2 per cent for the United States, followed by Canada’s 7 per cent, Chile’s 5.3 per cent, Australia’s 5 per cent, and Mexico’s 4.7 per cent.
The United States and 11 other countries reached agreement on TPP in October. The accord is now pending ratification and an official signing. The pact would cover some 40 per cent of the global economy. TPP is expected to boost the combined gross domestic product of the whole TPP zone by 1.1 per cent by 2030.
https://ustr.gov/tpp/
