Even as global retail brands like Zara, H&M, Mango, Nike and IKEA exit from Russia, few Indian retailers plan to foray into this market with new shops there. Home furnishing retailer Maspar and fashion brand Killer Jeans are exploring franchise opportunities in Russia while four Indian brands have signed initial agreements with Russian firms. Another six are expected to join soon, says Susil Dungarwal, Founder, Beyond Squarefeet Advisory. Each of these brands will sign business deals of no less than $1 million with Russian firms.
Around 8-10 Russian franchisee operators plan to visit India in the first week of May to meet potential Indian partners and to check their factories, offices and stores, adds Dungarwal. Hundreds of franchisee stores lost business as international brands made a hasty exit amid US and western sanctions against Russia. The master franchisee of Calvin Klein lost business as the brand exited from eh country, he adds.
For long government has been focusing on the textile materials industry. Representing 4 per cent of India’s GDP, the industry opens up new business avenues for the country. To capitalize on these opportunities, the government has introduced measures to boost the development of specialized materials market in the country. Government focus on the materials industry had started even before the introduction of the National Technical Textiles Mission. As per a Textile Value Chain report, under its Foreign Trade Policy, it has marked 207 specialized material items from the Harmonized System of Nomenclature (HSN) code in 2019,
Moreover 92 regions under 10 focal services have been demarcated to promote the use of these specialized materials in different fields. On its part, the Bureau of Indian Standards has laid out certain rules for the use of 377 specialized material items. Meanwhile, the textile ministry has added six new courses to the Samarth conspire.
Government focus boost yearly growth to 9%
Currently, the specialized materials industry represents 13.5 per cent of India’s products, and is the second largest employer after agribusiness. Over the last 40 years, the industry has developed at an annual rate of 3 to 4 per cent. However, recent government focus has given a boost to its annual growth rate to around 8-9 per cent.
To present India as a global innovator in specialized materials within a time frame of four years from 2020-21 to 2023-24, the National Technical Textiles Mission was set up with an outlay of Rs 1,480 crore. Currently developing at an annual rate of 8 per cent, the specialized materials market in India is expected to grow 15-20 per cent over the next five years, says Piyush Goyal, Union Minister of Textiles.
Almost 20 projects were launched in the field of extraordinary strands and geotextiles in January 2022 under the National Technical Textiles Mission with an outlay of Rs 30 crore. Around 16 of these projects focus on fiber development; three on material waste reusing, and one on farming. Easy access to raw components
The Production Promotion Scheme has introduced new entry points into materials business through the Scheme for Integrated Textile Parks. India is the only country after China that manufactures all types of fibers. Access to raw components for specialized materials enables India to consolidate its position in the domestic and international materials business.
India provides basic facilities like land, water, labor supply and a good administrative structure to promote the development of the specialized materials industry. The materials can be assembled through an engaging and developing business sector to boost consumers’ interest in the field.
Driven by changing consumer preferences during the pandemic, the loungewear trend is here to stay, reveals latest research by Naia from Eastman, a global specialty materials company. Interviewing over 2,000 women aged 18 to 60 in the US, Germany, Spain and the UK in December 2021 and January 2022, the survey concluded, 78 per cent women prefer loungewear due to its comfort. Around 74 per cent said they prefer to dress more casually at home while 66 per cent reported dressing casually outside homes too.
Loungewear trend to persist
As per a Spin Off report, consumers plan to continue buying loungewear in future too. However, they expect more comfortable fabrics and versatility in loungewear. Around 61 per cent women said, they are more buying casual clothes while 44 per cent have reduced the amount of formal clothing in their wardrobes. Consumers also prefer to buy loungewear made from more sustainable fabrics and expect brands to offer more such options.
The study also highlighted the dissatisfaction amongst consumers looking for better comfort, fit, quality, drape and durability in their loungewear. The survey revealed, consumers expect their items to keep looking new, are easy-care, breathable, bacteria- and odor-resistant and made with sustainable materials.
Focus on comfort and sustainability
To enhance customers’ experience of buying loungewear, Naia from Eastman aims to collaborate with new brands, says Ruth Farrell, Marketing Director-Textiles, Eastman. The firm aims to help brands understand consumers’ view of comfort and sustainability in loungewear. It also looks to help value-chain partners create comfortable, quality and sustainable loungewear for all its customers.
Inherently soft, the Naia Renew cellulosic fiber has quick drying and reduced pilling properties. It is available as both a filament yarn and a staple fiber and can be blended with other materials like modal and recycled polyesters. The fiber is a mix of 60 per cent sustainably sourced wood pulp and 40 per cent hard-to-recycle waste materials. It has a low carbon footprint and can be easily recycled.
In the forthcoming Techtextil in Frankfurt from June 21-24 2022, Swiss Textile Machinery companies will highlight the benefits of using high-performance yarns in a wide range of technical applications.
Often tailor-made, these filament yarns go way beyond the conventional idea of ‘textiles’ to find new applications in sectors such as automotive, aviation, maritime, medical and construction, among many others. For example, Heberlein’s air splicers are used to splice aramid fibres of up to 16,100 dtex, carbon up to 30,000 dtex, Dyneema up to 5,500 dtex, and glass up to 4,800 dtex. Using compressed air, the splicers produce a tear-resistant, homogeneous splice of the material without knots.
Retech has the technology to achieve impressive specifications for filament yarns by drawing and stretching fibres. It develops top heated godet rolls for high-performance fibres and temperatures up to 400°C.
Many of the technical yarns hidden inside today’s cars have functions such as providing stability with hardly any weight, or absorbing tensile forces at defined elongation. This kind of controlled elongation behaviour arises from the choice of textile material and the special construction of the yarns used.
Such specifications make twisting and cabling machines essential for the automotive industry. Saurer offers ideal machines for the production of technical yarns made from a variety of feed materials in a very wide yarn count range. They are employed in vehicle products such as tyre carcasses, toothed engine belts, seat belts, airbags and lorry tarpaulins.
Technical yarns also play a surprising role in phones and other mobile devices. The touch-sensitivity taken for granted on their screens is largely made possible by twisted glass fibres. Bräcker, part of Rieter’s components business, offers a well-balanced selection of vertical sinter metal rings and nylon travellers for glass fibre twisting, so that mills can achieve the highest levels of productivity and quality.
The Department of Commerce of Zhejiang Province is organizing a virtual expo and business matchmaking platform alongwith Zhejiang International Trade & Exhibition Co
. The online fair on garment and textile equipment products will be held from April 11-15, 2022 and will target buyers of garment and textile equipment products in Bangladesh who are looking to source innovative products and accessories from key Chinese suppliers.
Supported by Creat, the expo will see more than 50 top manufacturers from Zhejiang. It will offer e innumerable options to choose from such as – Sewing Machine, Clothing Accessories, Ironing Machine, Gluing Machine, Overlock, Long Sewing Machine, Side Knife Sewing Machine, Interlock Sewing Machine, Long Sewing Machine, Button Machine, Electric Iron, Sewing Equipment, Household Sewing Machine, Multifunctional Embroidery Machine, Winder Twister, Sewing Thread, Embroidery Thread, Ribbon, Lace, Button, Zipper, Lining and other Clothing Accessories and Fabrics, Second Hand Spinning Machines, etc.
Despite the Russia-Ukraine war and a ban on some banks on the use of global payments messaging network SWIFT, apparel shipment from Bangladesh to Russia has largely remained unscathed because of the use of alternative routes and payment channels, exporters say.
Garrment exports from Bangladesh has not faced any major disruption since shipments are being made via alternative routes such as China and Hong Kong and the suppliers are receiving payments from China in the renminbi, the Chinese currency.
Russian importers are also placing a higher number of orders with Bangladesh to fill up the vacuum created after some large American and European retailers and brands pulled out of the market.
Russian buyers are making advance payments to Bangladeshi garment exporters as well as the demand for apparel items has increased in the market.
Only seven Russian banks have been brought under the purview of the SWIFT ban and the country's buyers are making payments to Bangladeshi sellers through other lenders.
Besides, most of the liaison offices of major retailers and brands in Russia are making payments from their offices in Hong Kong, China, and Turkey.
Shahidul Islam, Managing Director, Rupa Group, has received a payment of $30,000 recently and is waiting to get another $1.5 lakh from a Russian buyer by April 15.
Nearly 150 suppliers export garment items to Russia. Apparel shipment fetched $600 million last fiscal year, up 36 per cent. The export value may go up to $1 billion in the current fiscal year ending in June.
Export receipts from garment shipments to the country registered 35.30 per cent year-on-year growth at $481.23 million during the July-February period, the latest for which data from the Export Promotion Bureau is available.
After a two-year break, Bangladesh Denim Expo will once again open its doors in the international Convention City, Bashundhara (ICCB) in Dhaka on May 10-11, 2022. The event will focus on the theme ‘Beyond Business.’
Bangladesh Denim Expo addresses the new opportunities for successful and sustainable business, in a world that now demands that industry leaders to go “Beyond Business.”
Around 79 Exhibitors are expected to attend the event, consisting of both local and international participants. They will display fabrics, garments, threads, machinery, finishing equipment and accessories, positioning the show as a true representation of Bangladesh’s denim industry.
Through a series of product displays, seminar sessions and panel discussions, the Expo will encourage robust debate and interaction among exhibitors and visitors.
Industry experts will gather to discuss how the denim industry can improve, not only from a business perspective, but also considering social and environmental impacts and goals.
Mostafiz Uddin, Show Organizer, says, the show will act as a lightening rod on current industry ssues, bringing together some of the most progressive, forward thinking denim manufacturers in the world to showcase new thinking and the latest technical innovations which are driving our industry forward.
The Indian government is planning to set up an export promotion council for technical textiles, said Darshana Jardosh, Union Minister of States for Textiles during inaugurating CMAI FAB SHOW on April 11, 2022 at Jio World Convention Centre, BKC, Mumbai.
She further said that after the tough period during the corona pandemic, now India is progressing well and 21st century will belong to India. The India has achieved its export targets and now the government will announce shortly the new export targets.
The Minister applauded the initiative of CMAI to organize this first of its kind Show bringing the entire Supply Chain under one roof, and appreciated the efforts of CMAI to serve the Domestic Garment Industry and its members.
Rahul Mehta, Past President and now Chief Mentor of CMAI (THE Clothing Manufacturers Association of India) added, CMAI for the first time is organizing the CMAI FAB Show. (Fabrics, Accessories & Beyond) from April 11-13,, 2022. It has 200 participants. Visitors and buyers from eight counties are visiting the show. The fair has 3,500 online registrations before the commencement of the Fair. More than 5,000 garment manufacturers, exporters, retailers with private labels and Traders are expected to visit the Fair.
Rajesh Masand, President – CMAI informed, the CMAI FAB SHOW is been supported by two of the biggest associations in the fabric supply chain – the FABEXA from Ahmedabad, and SGCCI from Surat.
A unique addition to The FAB Show was the Think Out Of The Box Section, with 4 exciting and Scintillating Seminars on a variety of Subjects covering Consumer Trends, Technological Developments, and Global Fashion Landscape. The speakers included some of the biggest names in the Garment Industry, along with speakers from Bangladesh, Turkey, and The Netherlands.
The Confederation of All India Traders (CAIT) and the Indian Footwear Association (IFA) have together urged the Ministry of Finance to maintain GST rates at 5 per cent on footwear priced below Rs 1,000. The government previously charged 5 per cent GST on footwear costing below Rs 1,000. However, later it increased the GST rate on all footwear, irrespective of price, to 12 per cent from January 1, 2022.
Around 85 per cent of Indian population buys footwear costing less than Rs 1,000 per pair, argued the associations. Hence, an increase in GST on this category of footwear would directly impact this population, already struggling with the economic effects of the pandemic, they added.
The organizations also urged the Commerce and Industry ministry to apply the Bureau of Indian Standards rules only to footwear costing over Rs 1,000 a pair. As 90 per cent of Indian footwear is made by cottage industries, application of BIS standards would make operations for these small manufacturing units more challenging.
According to CAIT and the IFA, India makes up 9 per cent of the global annual footwear production. Over 30 lakh people work in footwear manufacturing and trading in India and there are over 10,000 manufacturing units in the country.
After suspending business in Ukraine and closing stores in Russia, Poland's biggest fashion retailer, LPP (LPPP WA), plans to expand operations in the European Union. The company plans to enter Italy, Greece and Cyprus next year and continue expanding its "Reserved" brand in Germany and Britain.
Przemyslaw Lutkiewicz, Chief Financial Officer says the company expects revenues worth over 16 billion zlotys ($3.76 billion) in the current financial year. It also aims to debut in new markets, especially in the southern European region, where it sees a huge growth potential for its brands. This year, the company also plans to develop its e-commerce business, which formed over 30 per cent of its overall sales, in the fourth quarter of its financial year to January 31, 2022. The company expects revenues from online sales to reach 5 billion zlotys this year.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Viscose transforms from ‘Artificial silk to sustainable innovation
Viscose, often dubbed ‘artificial silk’ earlier, has a long and complex history in the textile industry. A regenerated cellulose fiber,... Read more
Rethinking Textile's Future: Innovations in sustainable fibers and circularity
The textile industry is increasingly focusing on natural fibers and circularity, with new research and initiatives pointing towards a more... Read more
IHKIB hosts successful ‘Turkish Apparel Industry’s Transformation Journey’ event…
Customs Union modernisation key to EU competitiveness Mustafa Gültepe, Chairman of the Turkish Exporters Assembly (TIM) and Istanbul Apparel Exporters’ Association... Read more
Where do your old clothes really go? Unraveling the secondhand clothing journey
The fate of our old clothes is often shrouded in misconception. A widely held belief suggests that most donated garments... Read more
Theory of Constraints, weaving success in global apparel and textiles sector
In the fast-paced, ever-evolving world of fashion, apparel, and textiles, efficiency and agility are paramount. The Theory of Constraints (TOC),... Read more
Gartex Texprocess India 2025 Mumbai edition draws record crowd, sparks industry …
Gartex Texprocess India 2025 concluded with a record-breaking turnout, reaffirming its importance as a key sourcing and technology platform for... Read more
LuxExperience: How the Mytheresa-YNAP merger will reshape online luxury retail
The digital scenario of luxury retail has irrevocably altered with the successful completion of Mytheresa's acquisition of Yoox Net-a-Porter (YNAP)... Read more
US Apparel Imports: Scenario changes subtly as China's dominance reduces
For years, China reigned supreme as the undisputed king of US apparel imports. While still the largest supplier in aggregate... Read more
US Apparel Imports: Scenario changes subtly as China's dominance reduces
For years, China reigned supreme as the undisputed king of US apparel imports. While still the largest supplier in aggregate... Read more
Built to Break: Is our ‘waste problem’ just a design flaw?
The air in numerous pockets of the country hangs thick with the stench of discarded refuse, a stark testament to... Read more
