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Arvind and Invista teamed up for a fashion show in Mumbai. They launched the festive collection for 2017. The denim giant and the fiber producer collaborated in bringing their latest in innovation, design and sustainability for the Indian market.
The fashion show highlighted the multifaceted nature of denim fabrics. The event showcased an innovative line of Flip denims (reversible denims), Azurite (Arvind’s patented technology of premium saturated indigo fabrics), 360 degree Mutants (multidirectional stretch knit denims) and XL Mutants (wider width knits for better production efficiencies) to name a few.
It showcased a collection of Denim Express, which is a speed to market solution of versatile fabrics that are always in vogue – a much needed requirement of the industry. The collection further extended to popular Arvind categories of Blue Natives, Neobubble, Boomerang along with the bestsellers across the market.
Arvind’s khadi denim collection was also on display. All Arvind stretch denims are powered by Lycra fiber and also include other Invista specialty products like Cool Max Everyday fabric, Cool Max All Season fabric and Cordura fabrics. These products with their strong performance properties provide a set of unique comfort and durability to the garments – a deeply desired feature by end consumers.
Welspun has opened a state-of-the-art plant in Gujarat. The Rs 150 crores facility will have unique capabilities of spun lace and needle punch lines which can manufacture multi-layer composites for various applications. This advanced and innovative technology will provide non-woven solutions for high-end industrial applications such as filtration, acoustics, automotive, fire safety, thermal insulation, vibration control, noise control, aerospace, defense and mass transportation. The initial capacity of the manufacturing unit will be 2,400 metric tons a year.
With this facility, Welspun has also invested in a wide range of finishing technologies including coating, laminating, dyeing, and printing to provide innovative solutions all under one roof. The new facility will enhance Welspun’s product offerings and provide cutting edge solutions in high growth areas such as industrial and defense applications.
Welspun has also invested Rs 100 crores to set up a fresh state- of- the-art fully automated cut and sew unit in the made-ups segment with a capacity of 10 million units a year. The new initiatives are testimony to Welspun’s commitment in enhancing employment opportunities in the region, particularly for women. Welspun plans to expand its focus on branded and innovative products to become a two billion dollar company in four years, with 20 per cent revenue coming in from domestic sales.
The border adjustment tax (BAT) imposed by the US may affect countries exporting goods to the US, including Vietnam. The aim of this tax is to increase revenues from imports and encourage firms to invest and produce domestically. America is Vietnam’s biggest market. Shipments to America made up nearly 22 per cent of Vietnam’s total exports last year, the highest in more than 10 years.
Vietnam’s revenue in export to the US was up nine per cent in 2016 over 2015. Apparel and footwear are the most important goods Vietnam exports to the US followed by mobile phones and accessories. Vietnam’s economic growth this year depends heavily on international trade. Rising prices of raw materials at the beginning of the year could make inroads into corporate profits as companies are unable to shift the burden of rising prices to domestic consumers if monetary policy is tightened to curb a recurrence of high inflation.
To deal with BAT, exporting countries are expected to use monetary policy to weaken their currencies against the US dollar to maintain the competitiveness of their exports. However, Vietnam is unlikely to devalue the currency much since it could pile pressure on inflation. As a consequence, Vietnamese products may lose their competitiveness in international markets.
Fast fashion has resulted in mindless consumerism and environmental hazards, say designers. The fashion industry was estimated at over Rs 720 crores in 2015. With two major fashion weeks happening every six months in the country, and, with top fast fasion brands like H&M, Forever 21 and Zara opening shop in India, a new generation of shoppers have emerged. Top designers like Rahul Mishra, Ritu Kumar etc say, fast fashion, with its quick production cycles, not only hurts resources but also employs less people, as these processes are usually highly mechanised. Adopting a slower process of creation, such as hand weaving and hand embroidery, slows down the process of creating clothes and, in turn, empowers talented artisans who are in need of jobs. It also provides work and employment to the economy.
In places where the need to replenish is required, the change of fashion is a boon. But where it is triggered out of a need to feed multinational interests only, it is a bane.
In western countries, especially temperate countries, clothes fray and fade less often, as they are now constructed with manmade synthetic fabrics. So, fast fashion, mindless consumerism, was initiated in those cultures to ensure that wardrobes are replenished. Hence, the need to make people feel that their clothes are obsolete.
Fast fashion can dampen the spirit of the fashion industry in the days to come. Probably the time is ripe for people in India to start taking individual pieces and styling them differently for different occasions as opposed to buying a new thing every time for every occasion.
"Mercedes-Benz Fashion Week was held in Russia, March 17 to 17, 2017. More than 30 global fashion industry experts from nine countries gathered to discuss modern trends and the current challenges the industry is facing. The main topic of the conference was the destruction of fashion industry stereotypes, its transformation under the influence of the scientific and technological revolution."
Mercedes-Benz Fashion Week was held in Russia, March 17 to 17, 2017. More than 30 global fashion industry experts from nine countries gathered to discuss modern trends and the current challenges the industry is facing. The main topic of the conference was the destruction of fashion industry stereotypes, its transformation under the influence of the scientific and technological revolution.
For two days global fashion industry experts discussed topics on modern education, foresight and expectations, promotion of young designers, stages of designer workflow, participation in a runway show, technology as the driver for the fashion industry, working with the new tech, starting a business and prospects for brands.
Finalists of the Innovative Solutions for Fashion Industry and Retail contest presented their startup projects. There were also presentations of the global product verification system, virtual tailors, digital 3D solutions for production and selling of clothes, distant cues from a fashion consultant, personal shopping chatbot assistants, functional prosthetic devices as modern fashion accessories and artificial intelligence capable of designing clothes.
The two-day Fashion Futurum international conference was the central stage for the main display of innovative fashion technologies. The business program consisted of panel discussions, public talks, workshops and presentations of startups.
Mohan Spintex is one the country’s largest vertically integrated textile groups. The Andhra Pradesh-based company opened in 2005 and after spinning and weaving, it is now looking at processing. In weaving it is adept at both narrow and wider width weaving and wants to have a similar expertise in processing. All these capabilities will help the company for a foray into home textiles. Home textiles are an area of focus for the company.
Value addition in terms of quality, consistent supply and committed delivery is what gives Mohan Spintex the competitive edge. The company which counts several major corporates as its clients exports close to 50 per cent of its produce to countries like Bangladesh, Pakistan, China and Europe.
Mohan Spintex today has an installed capacity of 1,20,000 spindles housed in one of the most modern spinning mills in India. From blow room to ring frames, Mohan Spintex makes use of state-of-the-art technology machinery to manufacture products that cater to the needs of the textile industry.
The company has exclusive sections for two for one twisters and ginning. It has the capability to enable seamless manufacture of textile products. Availability and retention of workforce, which have emerged as major challenges in the textile industry, are issues that have been tackled at Mohan Spintex. Quality systems and practices implemented in its manufacturing units, which while enriching the knowledge of the workforce, have helped it retain manpower.
Readymade garment exports from India (knitwear and woven) between April 1, 2016, and February 28, 2017, grew 3.5 per cent in rupee terms and 0.58 per cent in dollar terms when compared to the same period during the 2015-16 fiscal. Growth was negative in terms of the dollar during the first three quarters of the current fiscal till December 31.
In the case of exports from Tirupur knitwear cluster, garments worth Rs 23,253 crores were exported between April 1 and February 28 this fiscal after exports stood at just around Rs 16,600 crores till December 31. Now, with the sudden surge in exports, the cluster is hopeful of meeting the target of Rs 25,000 crores comfortably by March 31.
If not for the slowdown subsequent to Britain’s decision to exit the European Union, and a few other factors, the cluster could have reached an annual turnover of Rs 28,000 crores. Of the total exports till February end, knitwear alone contributed Rs 50,550.87 crores.
Exporters also feel the time is right for knitwear sector to capture the market that’s leaving China, due to an increase in cost of manufacturing. If the opportunity is missed, the market would be captured by competing countries like Bangladesh, Vietnam, Indonesia and Cambodia.
Over the past 20 years, e-textiles have progressed from an academic curiosity to an important technology platform generating revenue for companies globally. The most prominent products are types of compression apparel, where e-textile features are used to introduce sensing (including heart rate, respiration, motion, ECG, EMG, etc.), to provide heating or cooling, to apply current to muscles and potentially several more interesting new functions.
The application landscape is diverse, both in apparel for other sectors (work wear, military, fashion apparel etc.) and beyond apparel for a variety of sectors including medical, industrial and home textiles. Today, many of the most prominent e-textile brands remain relatively young, driven either by recent start-ups, spin-outs from larger companies lower in the value chain, or generally companies outside of the mass-market consumer sector in either textiles or electronics.
Top brands from the sports apparel and consumer electronics industries are adopting different strategies to investigate and eventually adopt e-textile products. With each passing level of development cycle, e-textile products are increasing in maturity, meaning that the risk and overheads required for a large product launch are gradually being eroded. Growing manufacturing know-how and efficiency means that a mass market order for e-textiles will soon be possible.
The Creative Group is a leading textile manufacturer with an annual turnover of Rs 1,000 crores. The Mumbai-based company has been growing by 30 per cent in the last five years. The group has 14 plants across India with over 8,000 skilled employees. Its brand Portico New York, opened in 2000, is into home furnishings. Leaving behind other players in the race, Portico New York has marked its presence at about 1,000 retail stores. The price band ranges from Rs 999 to Rs 15,000 per sheet set.
Reputed designers like Manish Arora, Neeta and Nishka Lulla and others have contributed to the in-house design capabilities of Portico New York. Creative’s textile division has an exclusive facility for yarn dyeing, stitching and made-up processing. Creative as a total group has widespread business interests and a presence in areas like real estate, power generation, organic fertilisers etc.
The group has a yarn processing capacity of 350 metric tons a month, weaving capacity of one lakh meters a day, polyester carpet yarn capacity of 300 metric tons a month. The demonetization drive did not affect textile topline numbers in the third quarter.
Creative’s textile division has an exclusive facility to weave wider width and processing sheeting, dobby and jacquard fabrics meant for international markets. About 15,000 bed sets get exported a day. With capacity expansion in weaving and modernization to close the gap that exists between their weaving and processing capacity and to meet demand with the expansion in garmenting process on cards, both at their Vapi and Dammu plants K N Singh, Executive Director of Creative is confident of maintaining the 30 per cent annual growth rate until 2020 and beyond. The group aims to touch Rs 2,000 crores by 2022.
Bangladesh has overtaken China to become the largest denim supplier to the European Union. The country has also become the third largest denim supplier -- after China and Mexico -- to the US. This was possible because of the millions of dollars that local denim fabrics makers have invested to set up state-of-the-art facilities in their plants.
Currently Bangladesh has 30 denim mills for which investment to the tune of a billion dollars has been made. The collective production capacity of the mills is 435 million yards a year. Bangladesh could win in the European denim segment not only for competitive prices but also for the quality of its products, shorter lead times and better commitment.
In terms of denim sales, the US and the UK are two major markets for Bangladesh. Bangladeshi entrepreneurs supply denim products to major global retailers including Levi's, Diesel, G-Star, H&M, Uniqlo, Tesco, Wrangler, s.Oliver, Hugo Boss, Walmart and Gap. The denim sub-sector could play a significant role in achieving the 50 billion dollar export target by the end of 2021.
By 2020, the global denim market will reach $64.1 billion while Bangladesh’s denim exports are forecast to reach $7 billion by the end of 2021.
