FW
Tirupur’s garment exporters are waiting for the Rebate on State Levies (ROSL), amounting to over Rs 2,600 crores, to be released. The total ROSL amount for India’s readymade garment exports (woven and knitwear) estimated for the period September 20, 2016 to June 20 this year was Rs 3,025 crores, of which Rs 400 crores have been disbursed so far.
Tirupur exporting units alone have to get about Rs 550 crores. Under the ROSL scheme, a rebate on state levies is provided such as value-added tax and central sales tax on inputs, including packaging, fuel, and electricity duty, accumulated through various stages of production, from yarn to finished garments. For exporters, the scheme offers enhanced duty drawback cover on inputs.
The scheme takes into consideration all taxes paid by exporters like VAT, electricity duty, octroi, entry tax etc. The ROSL scheme is an integral part of the Rs 6,000 crores special package announced by the Center last year to strengthen the textile and apparel sectors to improve its global competitiveness. It has set a target to generate an additional 30 billion dollars in exports and create a crore of jobs over a three-year period. The special package had helped apparel exports to record a 31 per cent growth in April over the previous year.
The ROSL rate for garment items exported varies from 2.65 per cent to 3.9 per cent.
For the benefit of Indian textile sector under the new GST regime the Federation of Gujarat Weavers Welfare Association (FOGWWA) has demanded the implementation of a fiber policy for all types of fibers to attract the same duty.
A memorandum was submitted to district collector Mahendra Patel with a slew of demands, including implementation of fiber policy, refund of accumulated GST credit, no GST on all types of job work required to manufacture grey fabric by the powerloom weavers, lowering GST on yarn at 5 per cent or 12 per cent and imposing extra duty on the imported fabrics.
FOGWWA office-bearers say that the inverted duty structure will increase the cost of fabric. The weaving job-work is done by the small units. Around 70 per cent of the units in the decentralized textile sector are working on job-work. The 18 per cent GST on job-work will force the small units to down the shutters as the cost of fabric will increase compared to the fabric manufactured in composite units. A huge number of powerloom units are engaged in job-work, there will be high job losses in the industry.
President of FOGWWA, Ashok Jirawala states they are not opposed to GST, but there is a need for simplification of tax in the sector. There should be a uniform duty in textiles and the government should not treat the MMF sector as a step child. Jariwala adds, with just few days to go, the sector needs clarity on GST rates. The industry can't survive with 18 per cent and 5 per cent rates.
Spinexpo is a leading textile industry expo that promotes yarns, fibres and knitwears. For the past 15 years, it has been a catalyst for the textile and fashion industry that attracts top international buyers. The upcoming Spinexpo Paris will be a three-day event from July 3 to 5, 2017 at the Cité de la Mode et du Design in Paris. Next in New York it will take place from July 18 to July 20 followed by the Shanghai edition to be held from August 29 to 31. The event showcases fibers to software for knitwear manufacturers (fashion collections), spinners for knitwear, woven fabric for clothing or upholstery, hosiery, lace, embroidery, technical end uses etc. in the textile, fabrics and yarns industry.
The show will also attract an array of manufacturers, retailers, distributors, wholesalers, brands, fashion designers, online retailers under one roof to change the sourcing dynamics and the main objective of the show is to showcase and give a platform in many areas so that they can bring out their potential range of garments and reach every nook and corner of the country.
The exhibition features 77 leading exhibitors attracting the key influential brands from New York and American markets. These exhibitors will showcase a wide range of innovative products focusing on performance and functionality as well.
Japanese printing technology major Konica Minolta is set to help businesses switch to digital industrial printing for superior output, a top company executive has emphasised. In 2016-17, Konica Minolta sold over 18,000 units in the black and white segment and around 2,000 units in the coloured segment. Konica Minolta has continued to witness a double digit growth in India for the last six years and maintained its leadership in production printing market.
Kuldeep Malhotra, Vice President Konica Minolta says that the company targets to increase these numbers in coming years. When it comes to industrial printing, businesses are increasingly looking to deploy new digital printing solutions as the demand for high-quality outputs in minimal time is at an all-time high.
Malhotra says, India has emerged as a growth engine in the global economy due to an unprecedented growth in pivotal sectors this is creating tremendous opportunities. India is also witnessing a rapid shift to digitisation, owing to government efforts coupled with a young tech-savvy population. The company is dedicated to catalyse this transition with leading digital printing solutions tailored for varied industry verticals, says Malhotra.
While demonstrating the company's high-end printing and web solutions at an exhibition in Greater Noida earlier this year, Yuji Nakata, Managing Director of Konica Minolta India, stated that India is the highest growing market for the company and the company has got the strongest infrastructure in India with nearly 200 engineers working on development of the products.
While the printing industry in the country is witnessing major growth, demand for varied jobs and rigorous deadlines of customers is proving to be a major challenge for printing businesses. Malhotra feels when it comes to technological innovation, the company will continue to invest significantly in R&D division to come up with trend setting printing solutions for both enterprises and homes to bolster the digital revolution in the country.
US-based Kenai Sports is a sportswear brand that makes clothes out of trash. Each day, the company removes or diverts tons of plastic bottles, cell phone cases, keyboards, and organic waste such as coconut shells, corn husks, soybean shells, and more, from landfills, and then turns it into sportswear.
Kenai, has a wide range of customers, from college and university athletic programs to corporations, non-profits, and government offices, for which it creates custom designed performance sportswear for their teams, clubs and employees.
Even in its operations, the company is environmentally focused. Its transparent, local supply chain allows collaborative relationships and makes it easy for consumers to have confidence in the socially conscious nature of the company’s production.
Kenai has also taken its recycling efforts to the next level with a closed loop program, which allows customers to send garments back at the end of their useful life to be broken down and re-entered into the production process. A fully-functional closed loop elevates the possibilities in sustainable business.
From a product standpoint, Kenai’s clothing is audited — organic it means something and the company is dedicated to providing a product that truly provides protection to the environment as well as comfort to the wearer.
Agra’s footwear industry which Agra’s dates back to the Mughal era feels GST rates are too high for them. Shoe manufacturers say GST will raise the cost of production by at least 20 per cent, which in turn will push up prices of shoes. At present, tax on shoe components like laces and soles is five per cent but under GST will range from 12 per cent to 28 per cent.
The tax on shoes above Rs 500 is 18 per cent than 12 per cent. Manufacturers have to emboss the price on the product. These makers fall under the cottage industry category and manufacture shoes manually and do not use heavy machinery. Moreover, a tax of five per cent on shoes costing up to Rs 300 has been imposed in UP.
The footwear industry wants shoes having a MRP up to Rs 1,000 to be charged a five per cent tax, while shoes above Rs 1,000 should be charged a 12 per cent tax. The provision of embossing the price on shoes would have to be dropped and the tax on shoe components should not be more than five per cent. It says shoes are a basic need of people like clothes and raising the price is not advisable.
080 Barcelona Fashion is being held in Spain from June 26 to 30. It aims to turn Barcelona and Catalonia into a benchmark for creativity, innovation and design generation and projection in the fashion industry.
The event is showcasing products like fashion apparel, accessories, designer dresses, men’s wear, urban wear, women’s wear and more in the fashion and lifestyle industries. It's an excellent platform for Barcelona's extensive pool of creatives who make clothes and accessories.
The fashion show aims at demonstrating the world potential of Catalan fashion brands. This year's edition will also be an opportunity to get to know the work of emerging designers. 080 Barcelona Fashion is a professional meeting in which Spain’s independent designers and young talents meet to show their creations and give a commercial outflow to their work.
Up to 37 designers and fashion brands are revealing the most popular fashion trends in Barcelona. What makes 080 such a singular event is the way that fresh faces rub shoulders with internationally established brands, giving audiences the chance to get a feel for a whole spectrum of style, trends and concepts. There will be opportunities for professionals from the fashion sector to meet and discuss new business opportunities.
Catalonia and the city of Barcelona have had a long tradition in the textile industry for centuries.
Ethiopia is developing 10bmega industrial parks in different regions of the country. These industrial parks will see investments by global and Ethiopian companies in industries like textiles and apparels, industrial machinery, pharmaceuticals, footwear, and food and beverages. To reduce or eliminate any possible negative impacts on environmental and social sustainability as result of this industrialization drive, Ethiopia has decided to use the cleanest effluent treatment technology – zero liquid discharge technology– at these mega industrial parks. This technology ensures that the industrial parks use the minimum amount of ground water and have a zero liquid discharge outside the park.
Arvind Envisol, a subsidiary of Arvind, will provide water treatment technologies at these parks. It has already set up a zero liquid discharge water treatment plant at an industrial park. This plant has a capacity of treating 11 million liters of waste water a day and is one of the largest such plants in Africa.
Arvind Envisol provides end-to-end solutions for water treatment, industrial waste water treatment and sewage treatment. It is also working with Ethiopian universities to develop curriculum on environmental sustainability and technology transfer.
Ethiopia and Arvind will conduct a study on environmental sustainability in the textile and garmenting sector in Ethiopia. This study will establish the baseline on various sustainability studies and outline the future environmental impacts of the rapid industrialization drive of Ethiopia.
The denim jeans market the world over is primarily driven by rapid evolution of demand for branded as well as unbranded jeans among men and women, especially in metros and mega-metros. Rising disposable incomes in urban and semi-urban areas, coupled with fast changing buying patterns for casual wear, is a crucial factor boosting the denim jeans market
The growing number of women in the workforce has led to a new target consumer, thereby opening up exciting opportunities. The growing prominence of jeans as executive wear among men is a crucial factor catalyzing the market.
Recent advances have led to the launch of denim jeans with eco-friendly fabrics and sophisticated weaving patterns. In addition, the soaring popularity of blue denim jeans as staple casual wear is expected to fuel the growth of denim jeans market in key regions.
Growing environmental awareness among consumers has led to the demand for jeans made with organic raw materials. This is expected to unlock new opportunities for market players in the forthcoming years.
Novel blends of fiber and digitally printed designs are expected to attract more consumers in developing regions. In addition, the emerging fashion fad among the youth population is feeding the demand for denim jeans with premium pricing, thereby favorably impacting the market.
The denim jeans market the world over is primarily driven by the rapid evolution of demand for branded as well as unbranded jeans among men and women, especially in metro and mega-metro cities.
The rising disposable incomes of people in urban and semi-urban areas, coupled with fast changing buying patterns for casual wear, is a crucial factor boosting the denim jeans market.
The growing number of women in the workforce has led to a new target consumer, thereby opening up exciting opportunities in the denim jeans market. The growing prominence of jeans as executive wear among men is a crucial factor catalyzing the market.
Recent advances have led to the launch of denim jeans with eco-friendly fabrics and sophisticated weaving patterns. In addition, the soaring popularity of blue denim jeans as staple casual wear is expected to fuel the growth of denim jeans market in key regions.
Growing environmental awareness among consumers has led to the demand for jeans made with organic raw materials. This is expected to unlock new opportunities for market players in the forthcoming years.
Novel blends of fiber and digitally printed designs are expected to attract more consumers in developing regions. In addition, the emerging fashion fad among the youth population is feeding the demand for denim jeans with premium pricing, thereby favorably impacting the market.
