Sportswear giant set to tap Indian firms

Related Keywords: Adidas, import, India, PET bottles, plastic, polyester, Polygenta, sportswear, upcycling

India
Sportswear giant set to tap Indian firm’s
Summary: 
Global sportswear giant Adidas aims at eliminating the use of virgin plastics in its products by 2024 — with a little help from a Maharashtra-based firm — the only one of its kind in the country to produce yarn out of discarded PET bottles. At its first factory set up in Nashik five years ago, Polygenta Technology Limited deploys an unique technology to break down used PET (short for Polyethylene Terephthalate) bottles and convert them into polyester

Global sportswear giant Adidas aims at eliminating the use of virgin plastics in its products by 2024 — with a little help from a Maharashtra-based firm — the only one of its kind in the country to produce yarn out of discarded PET bottles.

At its first factory set up in Nashik five years ago, Polygenta Technology Limited deploys an unique technology to break down used PET (short for Polyethylene Terephthalate) bottles and convert them into polyester filament yarn.

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Indian textile industry aims the 350 billion dollor mark by 2025

Related Keywords: apparel, cotton, exports, fabric, fashion, fiber, Garments, import, India, Industry, revenue, Textile, yarn

India
Indian textile industry aims the 350 billion dollor mark by 2025
Summary: 
India, which is emerging as a global textile hub with huge potential, needs to develop man-made fibre to remain competitive in the global market and it aims to be a $350 billion industry by 2025, industry officials

India, which is emerging as a global textile hub with huge potential, needs to develop man-made fibre to remain competitive in the global market and it aims to be a $350 billion industry by 2025, industry officials June 6 said.

"It is high time that the industry changes its approach to move into the second growth phase and aim for exports of around $100 billion from the current $40 billion," Textiles Secretary Ajit B Chavan said at the CII Texexcel 2019, the National Textiles 4.0 Summit here.

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Chinese imports may impact the cost of everything

Related Keywords: apparel, China, clothing, export, import, manufacturing, production, tariff, trade, United States, war

United States
Chinese imports may impact the cost of everything
Summary: 
By now you may have heard that increasing tariffs on imports from China may impact the cost of everything from sneakers to patio furniture by up to 25%. But in many categories, it’s still unclear how that increased cost could impact the end

By now you may have heard that increasing tariffs on imports from China may impact the cost of everything from sneakers to patio furniture by up to 25%.

But in many categories, it’s still unclear how that increased cost could impact the end consumer: that’s you, who’s trying to buy a shoe or a lawn chair.

Direct-to-consumer apparel company Everlane showed the New York Times how much prices for its popular products could change once new tariffs are included in production costs.

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India's apparel export's share in total exports fall from 51% in FY17 to 45% in FY19

Related Keywords: Bangladesh, decline, export, Garments, import, India, Industry, manufacturing, Textile, Vietnam

India
India's apparel export's share in total exports fall from 51% in FY17 to 45% in
Summary: 
The new government would have to rethink its policy on turning around India’s second-largest job provider, as the textile sector continues to gasp for growth. Three years after key regulatory and labour changes were put

The new government would have to rethink its policy on turning around India’s second-largest job provider, as the textile sector continues to gasp for growth. Three years after key regulatory and labour changes were put in place, India’s textile and apparel exports have declined from $38.60 billion in 2014 to $37.12 billion in 2018 while imports have increased from $5.85 billion to $ 7.31.

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KITEX the global leader crosses 1000 crore revenue

Related Keywords: export, import, Infant, knotex, manufacturing, Textiles

India
KITEX the global leader crosses 1000 crore revenue
Summary: 
KITEX, the global leader in the manufacturing and export of Infant Garments has crossed the magical figure of 1000 crore in total revenue. In the financial year of 2018-19, Kitex registered a total revenue of 1005 crore which comprise of Rs 630 crore by the listed entity KITEX Garments Limited and Rs 375 crore by KITEX Childrens Wear Limited. KITEX garments

KITEX, the global leader in the manufacturing and export of Infant Garments has crossed the magical figure of 1000 crore in total revenue. In the financial year of 2018-19, Kitex registered a total revenue of 1005 crore which comprise of Rs 630 crore by the listed entity KITEX Garments Limited and Rs 375 crore by KITEX Childrens Wear Limited. KITEX garments limited's standalone total revenue has reported a growth of 12.38 % in the fiscal.

For the year ended March 31, 2019:

- Total Revenue stood at Rs. 629.26 crore, y-o-y growth of 12.38%

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Egyptian cotton exports hike

Related Keywords: CAPMAS, cotton, Egypt, export, fibre, hike, import, kantar, Textile

Egypt
Egyptian cotton exports hike
Summary: 
Egyptian cotton exports reached 579,300 metric Kantar during the second quarter (Q2) of the agricultural season 2018/19 that starts from December 2018 and ends in February 2019, up from 379,700 metric

Egyptian cotton exports reached 579,300 metric Kantar during the second quarter (Q2) of the agricultural season 2018/19 that starts from December 2018 and ends in February 2019, up from 379,700 metric Kantar during the same period of the previous season, an increase of 52.6%, according to Central Agency for Public Mobilization and Statistics (CAPMAS).

The CAPMAS explained in its 2019 quarterly bulletin of cotton that this increase is due to an increase in cotton production.

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ITF urges retailers to source garments locally

Related Keywords: export, garmenting, Garments, impact, import, India, ITF, readymade garments, supply chain, Textile

India
ITF urges retailers to source garments locally
Summary: 
Indian Texpreneurs Federation (ITF) has appealed to all brands and retail chains operating in India to source their requirements from within the country instead of

Indian Texpreneurs Federation (ITF) has appealed to all brands and retail chains operating in India to source their requirements from within the country instead of importing.

ITF’s appeal comes in the wake of a huge jump in import of readymade garments from Bangladesh.

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International cotton prices slipped by over 16 per cent over the past month

Related Keywords: bales, China, cotton, export, import, India, trade, United States, USDA

United States
International cotton prices slipped by over 16 per cent over the past month
Summary: 
Having inked contracts at much higher rates earlier, importers here are staring at a loss. The continued stand-off between the US and China over trade tariffs has created uncertainty in the Indian cotton market. After international cotton prices slipped by over 16 per cent over the past month, Indian

Having inked contracts at much higher rates earlier, importers here are staring at a loss.

The continued stand-off between the US and China over trade tariffs has created uncertainty in the Indian cotton market. After international cotton prices slipped by over 16 per cent over the past month, Indian cotton importers are staring at a loss and are looking to rework import contracts.

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ITMA SPEAKERS PLATFORM FEATURE PRESENTATIONS BY INVITED INDUSTRY EXPERTS FOR THE FIRST TIME

Related Keywords: CEMATEX, export, import, Industry, innovation, ITMA, manufacturers, sustainaiblility, Textile

France
ITMA SPEAKERS PLATFORM FEATURE PRESENTATIONS BY INVITED INDUSTRY EXPERTS FOR THE
Summary: 
Finance forum to add practical insights into textile sector financing and funding. 10 May 2019 – An exciting and diverse panel of industry experts has been invited to share future trends, rare insights and strategic solutions at the ITMA Speakers Platform. This is the first time that experts from

Finance forum to add practical insights into textile sector financing and funding

10 May 2019 – An exciting and diverse panel of industry experts has been invited to share future trends, rare insights and strategic solutions at the ITMA Speakers Platform. This is the first time that experts from non-exhibiting commercial organisations have been invited to participate.

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Canton Fair attended by 5,000 textiles, garments firms

Related Keywords: apperals, Chaina, event, export, fabrics, Garments, import, India, Italy, Japan, texitle, trade

China
Canton Fair attended by 5,000 textiles, garments firms
Summary: 
Nearly 5,000 exhibitors from the areas of textiles and garments, shoes, cases and bags, recreational products, medicine and healthcare products and food recently offered a detailed overview of their evolving global

Nearly 5,000 exhibitors from the areas of textiles and garments, shoes, cases and bags, recreational products, medicine and healthcare products and food recently offered a detailed overview of their evolving global trade as part of Phase 3 of the 125th China Import and Export Fair (Canton Fair).

The fair which opened on April 15 concluded on May 5, and was held in Guangzhou, China.

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