Meera Industries Limited (Mil

Top 3 products that India can sell to US were:

• Anti-microbial, flame retardant, durable water repellent

• Silicon fluids, acrylic polymers

• Natural dyes, monomers Top 3 products that India needs from USA:

• Monomers, rising chemistry, nylon products • Silicon, DuPont’s, petrochemicals, waxes

Unique Advantage for India and what does India need to look from USA and how can India meet USA needs in Textiles:

• 3-D printing is going to be big future (India can do well) • Bio-degradable polymers • Protective wear, mask

• Silicon fluids could be an area of collaboration

• Tie up in textile chemicals USA STATE REPRESENTATION:

Mr. Rahul Padmanabha, Rahul Padmanabha, Director of Investments, EDPNC, India office

• NC is the 9th largest state in the nation by • NC has the 11th largest GDP in the nation, and about the 31st largest in the

• 139,390 square kilometers is 53,819 square NC is slightly larger than the country of England. • With 4.9 million people, NC has the 8th largest labor force in the

US. Top states for labor including the following, in this order: CA, TX,

FL, NY, IL, PA, OH, NC, GA and • With over 475,000 manufacturing employees, NC has the largest manufacturing workforce in the

Southeast US, and the 9th largest manufacturing workforce in the nation. The top states in the US for manufacturing jobs include the following, in this order: CA, TX, OH,

MI, IL, PA, IN, WI, NC, NY, GA, FL and

• NA ranks 13th in the nation for total number of engineers. Our state’s engineering workforce has grown 19% from 2014-2018 (the secondhighest percentage increase in employment in the nation over this time period). Only MI surpassed our growth in engineers, with 20% growth from 2014-2018. Ms. Richa Bhandari, Deputy Director, South Carolina Department of Commerce:

• Port of Charleston is the most efficient open water port on the Eastern Seaboard

• 13 of the 15 top container lines call on the Port of Charleston Two class-1 railroads and two inland port facilities within the state enhance speed to market • More than 172,000 rail lifts at Inland Ports Greer and Dillion More than 199,000 vehicles handled annually at Port of Charleston Access to 2 international airports with daily direct flights to Europe and

Asia Price of gasol • Foreign Direct Investment Announced 2011-present: $18.8 billion in capital investment • 48,000+ new jobs • 35 countries represented As a result: • More than 1,200 operations of international firms employ 158,000 workers in South

Carolina

The Program ended with Vote of thanks to IACC Textile Forum members to Mr. Suresh Kotak as Mentor; Mr. Harit Mehta, Chairman, Mr. Sharad Tandon, Advisor, Mr. Pankaj Bohra, Regional President, IACC, WIC and to our Sponsor Partners, Sutlej Textiles and Industries Limited, Welspun India Limited, Colorant Ind. Ltd, Indo Count Industries Limited, to the IACC Team and Media Partners, Textile Excellence, Textile Value Chain, The Yarn Bazaar and Textile Mirror.

COMPANY UPDATE

MEERA INDUSTRIES LIMITED (MIL) RECEIVES A DOMESTIC ORDER OF INR 1,91,00,000/- FROM SRF LTD.

MIL installed 2 sets of R-200 Ring Twisting machines to SRF LIMITED, India’s largest manufacturer and exporters ,No 1 in India and No 2 in the World in the Technical Textile segment. This is truly one of the important milestones in MEERA’s success Journey. MIL felt gratitude to SRF for choosing the company as technology partner, MIL enjoyed working with the SRF Team. MIL’s presence is getting stronger in the Technical Textile Yarn Twisting Space. In recent times, MIL also worked with customers like Mehler Engineered Products India Pvt. Ltd., Fenner Conveyor Belting Private Limited, Shakti Cords Pvt Ltd and many more. Industry is geared up for taking advantage of the recently announced PLI scheme for technical textile and MMF. MIL feels proud for its journey for technical textiles and Confident to achieve more market share in yarn twisting space in India and International Market.

GOVERNMENT HAS APPROVED PRODUCTION LINKED INCENTIVE (PLI) SCHEME FOR TEXTILES.

Taking steps forward towards the vision of an ‘Aatmanirbhar Bharat’, Government led by Hon’ble Prime Minister, Shri Narendra Modi, has approved the PLI Scheme for Textiles for MMF Apparel, MMF Fabrics and 10 segments/ products of Technical Textiles with a budgetary outlay of Rs. 10,683 crore. PLI for Textiles along with RoSCTL, RoDTEP and other measures of Government in sector e.g. providing raw material at competitive prices, skill development etc will herald a new age in textiles manufacturing. PLI scheme for Textiles is part of the overall announcement of PLI Schemes for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of Rs. 1.97 lakh crore. With the announcement of PLI Schemes for 13 sectors, minimum production in India is expected to be around Rs. 37.5 lakh crore over 5 years and minimum expected employment over 5 years is nearly 1 crore. PLI scheme for Textiles will promote production of high value MMF Fabric, Garments and Technical Textiles in country. The incentive structure has been so formulated that industry will be encouraged to invest in fresh capacities in these segments. This will give a major push to growing high value MMF segment which will complement the efforts of cotton and other natural fibre-based textiles industry in generating new opportunities for employment and trade, resultantly helping India regain its historical dominant status in global textiles trade.

The Technical Textiles segment is a new age textile, whose application in several sectors of economy, including infrastructure, water, health and hygiene, defense, security, automobiles, aviation, etc. will improve the efficiencies in those sectors of economy. Government has also launched a National Technical Textiles Mission in the past for promoting R&D efforts in that sector. PLI will help further, in attracting investment in this segment. There are two types of investment possible with different set of incentive structure. Any person, (which includes firm / company) willing to invest minimum Rs. 300 Crore in Plant, Machinery, Equipment and Civil Works (excluding land and administrative building cost) to produce products of Notified lines (MMF Fabrics, Garment) and products of Technical Textiles, shall be eligible to apply for participation in first part of the scheme. In the second part any person, (which includes firm / company) willing to invest minimum Rs. 100 Crore shall be eligible to apply for participation in this part of the scheme. In addition, priority will be given for investment in Aspirational Districts, Tier 3, Tier 4 towns, and rural areas and due to this priority Industry will be incentivized to move to backward area. This scheme will positively impact especially States like Gujarat, UP, Maharashtra, Tamilnadu, Punjab, AP, Telangana, Odisha etc. It is estimated that over the period of five years, the PLI Scheme for Textiles will lead to fresh investment of more than Rs.19,000 crore, cumulative turnover of over Rs.3 lakh crore will be achieved under this scheme and, will create additional employment opportunities of more than 7.5 lakh jobs in this sector and several lakhs more for supporting activities. The textiles industry predominantly employs women, therefore, the scheme will empower women and increase their participation in formal economy.

ITALIAN TEXTILE MACHINERY AT INDEX, THE WORLD’S LEADING NONWOVENS TRADE SHOW

From 19 to 22 October, 2021, INDEX, the reference trade fair for the nonwovens sector, will take place in Geneva. Also for this edition there will be more than a hundred Italian exhibitors, of whom about eighty are machinery manufacturers. As in the past editions, Italian Trade Agency will organize an Italian Pavilion, where 13 Italian manufacturers will exhibit. The following ACIMIT member companies will be exhibiting in this area: A. Piovan, Bianco, Bombi, Color Service, Guarneri Technology, Monti-Mac, Officina Master, Ratti, Texera, Toscana Spazzole, Unitech. Other ACIMIT member companies will exhibit with their own booth. In recent years nonwovens production have grown on a global scale, much more significantly than the traditional textile industry. According to figures collected and compiled by EDANA, the global association of nonwovens companies, production of nonwovens in Europe grew by 7.2% in 2020 to reach 3 million tonnes (and 85.9 billion square metres), with a total estimated turnover of Euro 9.6 million.

“Index is the leading trade fair for the nonwovens industry, comments Alex Zucchi, president of ACIMIT. It is therefore particularly important for ACIMIT and the Italian textile machinery industry to be present at the reference exhibition for nonwovens, a sector that has shown strong growth during the period of the Covid-19 pandemic. The increased demand for nonwovens, especially those intended for the medical sector (surgical masks, but also other personal protective clothing and equipment) has rewarded the Italian technological offer, rich in innovative solutions”.

The demand for nonwovens has boosted the Italian production of nonwovens machinery during the last year. The increased demand for innovative solutions is precisely what enhances the role of Italian textile machinery manufacturers. The Italian exports of machines used for producing nonwovens (HS code 844900) reached a value of 59 million euros in 2020. In the first six months of 2021, then, the growth was impressive: +142% over the first half of 2020, worth 37 million euros.

BANGLADESH EXPORTS RMG ITEMS WORTH $1.94 BILLION MORE THAN VIETNAM

In a bid to strengthen indigenous production through the state and attract investors, the nodal agency for investment promotion and facilitation for the Government of Tamil Nadu – Guidance has signed up for Techtextil India 2021 – the leading International Trade Fair for Technical Textiles and Nonwovens. The TN Government will be promoting technical textile policies through both physical and virtual segments of the hybrid fair, enabling investors to set up integrated facilities. Leading technical textile players from Tamil Nadu and across the nation confirm participation for the three-day business event. As one of the first major business events in India for the technical textile sector since the pandemic, Techtextil India 2021 will reunite the industry to present a strong showcase of technical textile technologies crucial for the development of India across industries such as healthcare, agriculture, construction, infrastructure, sports, apparel etc. The first hybrid edition will take place from 25 – 27 November 2021 at the Bombay Exhibition Centre in Mumbai. Announcing a close co-operation with Messe Frankfurt India for the 2021 edition, the Government of Tamil Nadu further shared that it will be promoting textile policies and highlighting investment prospects at the trade fair in a bid to attract companies and investors to the state. Ms Pooja Kulkarni IAS MD & CEO, Guidance Tamil Nadu said: “While there are several inherent advantages for the growth of technical textiles in Tamil Nadu specifically, many raw materials used in the production of sanitary products, artificial ligaments, seat belt webbings, airbags are still heavily imported. In this context, the Techtextil India Forum can help us reduce import dependency and bring investments in R&D, manufacturing, innovation by partnering with global technical textiles companies. Technical textile players from Tamil Nadu such as Cyber Textiles India Pvt Ltd, Jayashree Spun Bond, Lenzing Ag India, Liester Technologies, Loyal Textile Mills Ltd, Milltex Engineers Pvt Ltd, Superfil Products Pvt Ltd, Uster Technologies (India) Pvt Ltd have also confirmed their participation for this key business event. Highlighting the state’s expertise in technical textiles, Ms Kulkarni added: “The strengths of TN are in agro-tech, build-tech, indu-tech and medi-tech. With the largest automobile and auto-component cluster in India, Tamil Nadu’s automobile ecosystem is well poised to attract high value high technology Mobiltech investment. Similarly, with 50% of India’s textile mills in Tamil Nadu and complementary clusters of knitting, weaving and medical devices manufacturing in Coimbatore, and Tiruppur, the region provides immense opportunities for Meditech investments. Manufacturing in India can be a win-win arrangement for manufacturers as investments in Tamil Nadu will provide access to the burgeoning market as well.” Commenting on the developments on the Indian edition of the trade fair, Mr Raj Manek, Executive Director and Board Member, Messe Frankfurt Asia Holdings Ltd, shared: “We are glad to join hands with Guidance Tamil Nadu and strongly believe that the support of a State Partner can have significant influence on the development of the technical textile sector in terms of manufacturing collaborations and localisation in India. With the 2021 edition, we hope to generate strong upward momentum for the Indian market.” Pegged at USD 19 billion, the Indian market for technical textiles is growing at a CAGR of 12%*, three times faster than the global growth rate indicating strong export opportunities. The recent budget announcement of Government of Tamil Nadu takes into account infrastructure development for the textile sector with a greater focus on upcoming technical textile parks in Karur and Virudhunagar. The two centres for excellence for Meditech and Indutech at the South India Textile Research Association (SITRA) and PSG College of Technology respectively, provides a fillip to spur R&D and innovation in TN.

Covering the most demanding application areas, the trade fair is known to attract buyers from the fields of agriculture, automotive, building, clothing and protective clothing, environmental protection, geo-technology, housing and home, medical science, packaging and sports among others. Besides leading players from the state of Tamil Nadu, technical textile companies across the country such as Park Non Woven Pvt Ltd, Weavetech Engineers, A.T.E. Enterprises Pvt Ltd, Sarex Chemicals, Suntech Geotextile Pvt Ltd, Khosla Profile Pvt Ltd have also confirmed their participation for 2021 edition and will be seen showcasing their latest solutions in key application areas. The three-day business event will also include a series of digital symposiums to present a global outlook on the technical textile trends, current industry debate on sustainability and digitalisation as well as opportunities for the Indian technical textile players in the global arena. Source:https://www.investindia.gov.in/siru/technical-textiles-future-textiles

Image Source: www.techtextil-india.co.in

KORNIT DIGITAL COMMITS TO SAVING 4.3 TRILLION LITERS OF WATER AND 17.2 BILLION KILOGRAMS OF GREENHOUSE GAS EMISSIONS

Kornit’s first-ever impact report codifies brand vision of transforming the fashion industry with uncompromising eco-friendly production on demand: “These KPIs reflect Kornit’s core values, embedded into every aspect of our business,” says CEO Ronen Samuel. Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in digital textile production technologies, today released its 2020 Impact and Environmental, Social, and Governance (“ESG”) Report. This inaugural report affirms Kornit’s commitment to achieving specific ESG goals. This includes the way Kornit conducts business, creates meaningful impact in local communities, and achieves environmental sustainability, in addition to how Kornit will continue to build a diverse and inclusive company culture, foster employee growth and development, and empower fair and safe labor practices globally. “Our vision is to boldly transform the world of fashion and textiles for a better, more sustainable planet,” said Ronen Samuel, Kornit Digital’s Chief Executive Officer. “This report serves as our roadmap to achieving this vision.” Mr. Samuel continued, “The fashion industry is unfortunately responsible for severe ecological damage, producing nearly 20% of global wastewater each year and over-producing an average of 30% as an integral part of its ‘normal’ course of doing business. We are laser-focused on changing that trajectory. Sustainability is top of mind at Kornit, in our spirit and in practice, every single day.” In addition to enabling eco-friendly production processes with technology and consumables that use less water, reduce waste, and minimize the carbon footprint, Kornit technology solutions enable sustainable production on demand, which eliminates overproduction of apparel and other textile goods. A 2021 Life Cycle Assessment conducted on two flagship products, the Kornit Atlas MAX and Kornit Presto S, demonstrated that relative to traditional analog processes, Kornit’s digital production systems used up to 95% less water and 94% less energy, and produced up to 83% less greenhouse gas (GHG) emissions for the Presto S system and up to 93% less water and 66% less energy, and produced up to 82% less greenhouse gas (GHG) emissions for the Atlas MAX system. Based on this study, in addition to past sustainability performance results and strategic projections for business growth and market expansion, by 2026 Kornit Digital’s sustainable on-demand solutions are expected to enable the production of approximately 2.5 billion apparel items in a responsible manner to deliver:

Zero overproduction: By moving the industry to on-demand manufacturing, Kornit will help eliminate the estimated 1.1 billion apparel items overproduced using traditional production methods, based on an industry average of 30% overproduction. This is about 1 apparel item for each and every person living in Europe and North America – saved. Zero water waste: In addition to eliminating overstocks, Kornit-enabled production on demand will support saving an estimated 4.3 trillion liters (1.1 trillion gallons) of water. This is the estimated amount of drinking water needed for the entire U.S. population for 11 years. Reduced CO2 emissions: By enabling sustainable on-demand production, consuming less energy, and generating less waste, Kornit will prevent an estimated 17.2 billion kilograms (37.9 billion pounds) of greenhouse gas emissions, compared to traditional manufacturing methods. This is equivalent to the estimated amount of carbon dioxide emitted from circumnavigating the entire planet with a car nearly 2,400 times. Furthermore, the report outlines Kornit’s commitment to achieving KPIs that address waste, chemicals, GHG emissions, energy, product development, employee training, diversity and inclusion, and the company’s supply chain. “While we are proud of our progress towards achieving the goal of being a technology leader for environmental, social, and responsible corporate citizenship, and empowering the global fashion industry to elevate its creative possibilities while shrinking its ecological footprint, we know there is more work to be done. This report holds us accountable to our vision of providing the efficient, conscientious, uncompromising on-demand capabilities our stakeholders, employees, customers, and the global marketplace demand. These KPIs reflect Kornit’s core values, embedded into every aspect of our business,” Mr. Samuel concluded. The report generally follows Global Reporting Initiative Standards core reporting framework option and Sustainability Accounting Standards Board reporting standards for the Professional and Commercial Services sector.