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January 2017 November 2016

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January 2017

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Textile Value Chain is happy to celebrate 4th Anniversary together with its clients & industry. We bid a vote of thanks to all our supporters, well wishers and industry contributors to enhance core values of the industry. We anticipate the overwhelming support in continuity..!!

Aesthetic sense in human makes Fashion & Beauty industry booming over the years. We all are part of Textile and Fashion

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the consumer. Our industry plays a major role in beautifying the world...!

Fashion inspired from macro & micro economic trends, nature, human behaviour, social trends, etc. Taking the inspiration, few global companies forecast the trends of colour, pattern, design etc putting a binocular for 2-3 years ahead with reference to season / environment which is adopted by top FMCG, Cosmetic & Apparel brands.

India, being multi cultural social trends, we do not follow international seasons like autumn â&#x20AC;&#x201C; winter or spring â&#x20AC;&#x201C; summer.

Indian apparel market has seasons like: Festive season (July- November), Wedding season (November â&#x20AC;&#x201C; February), Holiday Season/ Pre School purchase (March- June).

Indian apparel purchase is more of the Event purchase than the Environment / Climatic condition purchase..!!! #

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International forecasting agencies need to have more Glocal approach or Indian company should follow Indian Trend in fore

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colour, styling etc. Indian designers are more creative than international designer. Creative Indians need to trust themselves and follow the instinct to target the customer by positioning brands innovatively.

Today Indian consumer is well informed, well travelled & social media addicted. They want change in life every day.

International brand ZARA adopted this psychology and they succeeded in India. Think & strategise the business to achieve industry targeted size of $650 billion by 2025.

Wish you a Productive and Innovative business for year 2017..!!!

Ms. Jigna Shah Editor & Publisher All rights reserved Worldwide; Reproduction of any of the content from this issue is prohibited without explicit written permission of the

and present factual and accurate information.

The views expressed in the articles published in this magazine are that of the respective authors and not necessarily that of the publisher. Textile Value chain is not responsible for any unlikely errors that might occur or any steps taken based in the information provided herewith.

6

Innovative Media and Information Co. 189/5263, Sanmati, Pantnagar, Ghatkopar (East), Mumbai 400075.

Maharashtra, INDIA. Tel : +91-22-21026386 Cell: +91-9769442239 Email: info@textilevaluechain.com tvcmedia2012@gmail.com Web: www.textilevaluechain.com

Owner, Publisher, Printer & Editor Ms. Jigna Shah Printed & Processed by her at, Impression Graphics, Gala no.13, Shivai Industrial Estate, Andheri Kurla Road, Sakinaka, Andheri (East), Mumbai 400072, Maharashtra, India.

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January 2017

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9 10 December 2017

Venue: Helipad Exhibition Center, Gandhinagar, Ahmedabad, India

SPACE BOOKING: Arvind Semlani Cell: +91 9833977743 | Email: info@ITMACH.com Radhika Boddu Cell: +91 9867127598 | Email: info@itsexhibition.com Bhavesh Thakar Cell: +91 9375322449 | Email: allgujaratspinnersassociation@gmail.com

SAG

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January 2017

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CONTENT NEWS 11- Pre Budget Expectation & Thymus 12- Future Start up 2017 in Apparel Sector

JANUARY 2017 ISSUE EDITORIAL TEAM Editor & Publisher Ms. Jigna Shah Consulting Editor

Graphic Designer Mr. Anant A. Jogale Sales Manager Mr. Md. Tanweer

INDUSTRY

City Editor - Vyapar ( Janmabhumi Group) Mr. Manohar Samuel President, Birla Cellulose, Grasim Industries

VP, Kusumgar Corporates

! " VP (Head â&#x20AC;&#x201C; Sales and Marketing), Indian Rayon

# ! $ GM RSWM (LNJ Bhilwara Group)

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4 %

13- The 8 biggest challenges for new entrepreneur 14- Value Addition through branding by Mr. Avinash Mayekar 15-Setting back in motion-Textile industry in India

by Mr. Ravvi Mansinghka 16- Of Raees & Kaabil brands by Mr. Vishnu Govind ?QU # X

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[ ' \ X ]

kha Vaidya

19- GLOBAL FOCUS US â&#x20AC;&#x201C; Japanese Free trade agreement by Mr. Arvind Sinha

20- TECHNICAL ARTICLE Introduction to Raschel warp knitting machine and its technical products in Technical Textiles by WRA scientist

SHOW REPORT 22- INDIA ITME 2016 23- Planet Textiles 2017

MARKET REPORT 24- Wedding Muhrat 2017 25- Yarn Report 27- Cotton Report 31- Surat Report 32- Malegaon Report

EDUCATION / RESEARCH

% '

HOD knitting, SASMIRA Dr. Ela Dedhia Associate Professor, Nirmala Niketan College Dr. Mangesh D. Teli Professor, Dean ICT

! ( Principal Scientist & Head MPD

# ) Retired Scientist, CIRCOT

33- SHOW CALENDAR 35- INTERVIEW with Mr. Amol Bhagwati, MD of Inspiron Engineering

Advertiser Index

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* Mr. Sudhir Verma Knit Experts 242, Pocket 3, Sector 23, Near Max Fort School, Rohini, New Delhi- 110085

< = % >

Tel : +91-9818026572

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Back Page: Raymond Back Inside: Birla Cellulose Front Inside: Indian Rayon Page 3: Asmeeta Texpa Page 4: PHD Chamber Page 5: SGS Innovations Page 7 : Parekh Agency Page 8: ITMACH INDIA

Page 9: Sanjay Plastic Page 36: SKBS Page 37: TPF Page 38: Technotex 2017 Page 39: SITEX 2017 Page 40: Morocco Style Textile Page 41: Deep Textiles Page 42: Oerlikon

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January 2017

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Pre Budget Expectations : ;;<=> ?@:@<=Q ] q{|}{| ~ |Â&#x20AC;Â Â&#x201A;Â&#x192;} â&#x20AC;&#x153;Special package for textile industry should be considered in the budget.

Textile industry is one of the largest employers in India and contributes about ?Â&#x201E;Â&#x2020;

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and gives direct employment to around 45 million work force. The industry has gone

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zation and needs special attention in the budget.

Introduction of GST, reduction of interest rates in parity with the international money market, tax rationalization measures, and incentives for investments in innovation and infrastructure are few of the many demands from the textile industry for the upcoming budget. It should also address concerns related to skilled workforce, labour law reforms, attracting investments in the textile sector and providing a future road map for the textiles and clothing industry. Incentives should also be considered for training workforce.

A major challenge for textile industry is that it is highly capital and labour intensive sector and payback period is quite long which is many a times a big constraint for new investment in the sector. Further the government has set a target to create another 30 million more jobs in the industry over the next three years which is possible only if special incentive schemes for new investment in textile sector are announced.

Thanks to TUFS, India has made strong strides in the fabric manufacturing sector but garmenting has still not been taken up, primarily due to labour laws and it needs special attention for the success of Make in India, an initiative launched by Government of India under leadership of the Honorable [

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Exports are another challenge and industry is well below its targets. We want

which can boost our exports as India has the potential to become one of the biggest exporters in the world.

The Rs 6,000 crore package announced in 2016 for textiles and apparel sector was a step in the right direction but the industry needs lot of reforms for the revival of the growth.

Cotton-based textile goods accounted for almost 90 percent of Indiaâ&#x20AC;&#x2122;s total textile exports of about $40 billion in 2015-16 and if supported well can take the industry to new heights.

The neighboring countries are having duty advantage for exports to the US and EU market on selective basis. Insertion of Â&#x2039;

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further increased the challenges for Indian textiles in the long term. Coupled with the recent announcement of the newly elected president of the US, there are fairly good chances for protection of select countries for exports to the US which happens to be the second largest importer of Indian textiles. And therefore, the GoI should accelerate arrangement with EU market economies to provide concessional imports into these territories to maintain competitiveness of the Indian exports. The political disadvantage to India needs be compensated in terms of money through additional ben

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the largest employment generator for the national economy.

Industry also needs to upgrade its technology to meet world standards. The industry, especially the micro, small and medium enterprise sector, does not have access to capital to upgrade technology on its own.

A fund should be set up for Technology Upgradation & Innovation and support may be extended to the companies at lower rate of interest. This will help industry in improving quality of output and become more competitive.â&#x20AC;?

Roaches International appointed Thymas Electronics Ltd

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Roaches International machines have

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mobile app platform for people - particularly women - to sell their clothes online. Explaining how the app works, Narahari says users simply need to click a picture of the product and put a price on it to get it listed on the platform.

However, when it comes to pre-owned, lifestyle goods in India, startups like Elanic need to jump over two major hurdles - lack of trust and transactional hassles. Educating people about new concepts like reusing clothes is also not easy. â&#x20AC;&#x153;There could be lack of trust between buyers and sellers regarding an item since there is no measure of standard and quality when it comes to pre-owned goods,â&#x20AC;? says Narahari. â&#x20AC;&#x153;To counter this, we came to understand that trust is built better between members of a community. So we opened up communication channels between buyers and sellers through private chat and public comments,â&#x20AC;? he adds. Â&#x201A;

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The team behind the startup also believes that it has enough scope to grow in the existing markets and hence, will be creating awareness in these places over the next 12 months. â&#x20AC;&#x153;We need to educate more and more people on the items that they can sell on Elanic,â&#x20AC;? says Narahari. â&#x20AC;&#x153;We currently have over two lakh listings on the platform with over 3,50,000 downloads,â&#x20AC;? he adds.

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January 2017

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Entrepreneurship comes with a host of challenges. Rewarding challenges, but harsh challenges nonetheless. Experienced entrepreneurs have to deal with this no matter how long theyâ&#x20AC;&#x2122;ve been in business -- trying to establish a brand, adjust to match or exceed

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youâ&#x20AC;&#x2122;ll have to quit your day job.

Walking away from a promising, steady long-term opportunity for something unpredictable is scary -- especially if youâ&#x20AC;&#x2122;ve never run a business before. Unfortunately, thereâ&#x20AC;&#x2122;s no easy way to address this. Just think through your decision logically, and donâ&#x20AC;&#x2122;t ignore your instincts.

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hardest parts of emerging as a new entrepreneur. | _ Itâ&#x20AC;&#x2122;s a rarely mentioned problem of entrepreneurship, and many new business owners arenâ&#x20AC;&#x2122;t prepared for it until it happens. Being an entrepreneur is lonely. Itâ&#x20AC;&#x2122;s a singular position, so you wonâ&#x20AC;&#x2122;t have

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If you can work your way past these major obstacles, youâ&#x20AC;&#x2122;ll be well on your way to establishing yourself as an entrepreneur. That isnâ&#x20AC;&#x2122;t to say they wonâ&#x20AC;&#x2122;t continue to nag at you as the years go on, or that new and varied challenges wonâ&#x20AC;&#x2122;t arise to take their place, but youâ&#x20AC;&#x2122;ll be prepared to handle yourself in those most volatile and

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Value Addition Through Branding : Â&#x201A;@Â&#x192;=Â&#x201E;? =Â&#x2026;;>=: X~ ¨ ] #ŠªÂ&#x20AC;| Â&#x201C;}ÂŞÂ&#x20AC;­ [ÂŞÂ&#x192; Â&#x201A;Â&#x192;} +919322906199 ÂŽÂŽÂŽ ŠªÂ&#x20AC;|Â&#x20AC;|}Â&#x20AC;{ ÂŻÂŹÂ Textiles are always struggling for getting value for their fabrics as well as garments. Value addition can be created only by doing marketing and thereafter going up to branding stage. Branding has many stages to follow for the existing brands as well as creating your own new brand or co-opting other brands. Textiles brands have done this successfully in global marketsbut, when it comes to India, it has yetnot taken right shape and speed.

The fabric which is beingprocessed by Indian entrepreneurs is always of good quality only because they get export quality raw material.If we want to market our fabric,the fabric quality needs to be consistently of good quality produced by using good technology which will not have any deviations in any aspects.

When we think of good marketing avenues, we need to have very good supply chain management along with logistic network

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ished products at much lower operating costs.

For better marketing initiative we should have a very good after sale support to service the fabric in case there are any defects in the fabric. We need to have the inspection done at each and every stage of production facility as well as at the customers placeso that we can get a good feedback and the customer would always stay happy. So that we can improve our systems and existing production parameters in order to meet customer demands. We need to pay visits to the customer facilities to understand whether the fabric which is been supplied by us is of good quality, whether it is performing as per the requirements, whether the sewing operations is happening properly, whether there is any problem during cutting operations or not, etc. such things needs to be studied so that we can establish our fabric brand.

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to see something new each time they visit the stores. Indian brands needs to respond to these changing fashion cycles. _ `

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magazines to create brand awareness & participate in global fashion events. (( * Rising disposable income- Indiaâ&#x20AC;&#x2122;s growing population has rising income levels today. They have high spending capacity. Their standard of living has improved. They have become brand conscious and prefer to wear branded apparel. This is surely good opportunity for Indian players to come up with their own brands.

Growing working woman population-With the changing time, number of working women has increased & this has given them more freedom to spend. They live luxurious life than never before.

They prefer to wear branded clothes.

$ ( Indiaâ&#x20AC;&#x2122;s more than 65% population is young with average age of 25 years- the most vibrant population for any market. The young population is more exposed to westernization & adopting the fashion trends faster.

Increasing Retail- Most of Tier-1 cities accustomed to â&#x20AC;&#x153;Mall Cultureâ&#x20AC;? & now it is c atching up Tier-2 & Tier-3 cities as well. Retail culture has major share in growth of the branded products industry.

Indian apparel industry has good opportunity.

E-Commerce â&#x20AC;&#x201C; E-commerce is another booming segment in India. Apparel is the major category shopped online by the consumers. The apparel E-Commerce market is 30% of total online market.

Itâ&#x20AC;&#x2122;s a great opportunity for those who want to launch their apparel brand as total investment drastically comes down. E-Commerce

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January 2017

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Strategy for Indian Brands: India is growing economy today. With rising young population & growing disposable income, the demand for branded apparel is set to grow in near future. The Indian manufacturers like Raymond, Â&#x201C;

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brands, we should focus more on manufacturing branded apparels rather than just private labeling for other international brands.

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were running around to convert their old notes and buy in newer Rs. 500 and Rs. 2000 notes. This impacted various sectors of the economy including the textile industry. In India, textile industry comprises of second largest employment of 40 million workers directly and 60 million workers indirectly and has contributed to 11.04% of total exports of India during year 2010.

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necessities; eventually it would fall back into its place once the country is comfortable with the routine of newer notes. We will always need clothes and eventually would start purchasing appar "

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8000 varieties of fabrics on www.textilebasket.com, we cater to all the readily available fabric needs of an entity directly from over 100 suppliers across India. Moreover, our second largest segment is Make to Order, where we create the fabric of your choice at the best possible rate and quality. This not only helps manufacturers reduce costing but also create their own innovations. Our third largest area of concentration is discounted readily available fabrics.

All across India, there are a large number of manufacturers that always have some stock fabrics left over after production, due to excess fabrics or cancelled orders etc, these fabrics are of premium quality, lying around in the factories, the manufacturers are ready

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Of course they do, but arenâ&#x20AC;&#x2122;t they somewhat correlated when we talk of business, where one could lead to the other! If we look at the world of fashion in India we have a plethora of brands, some of them bigger and more popular than the others. Behind their successes, there are great stories of passion, commitment and hard work. These brands have earned an identity of their own in the mind of the consumers and many of them have left huge footprints in the market place through exclusive stores, impactful marketing and great product development. Considerable investments would

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from others, many of them have their sweet spots with their target customer and have the potential to be much bigger in future. These are the emerging brands, which, I would refer to as Kaabil Brands. Â {

Â&#x2030; Â&#x160; An apparel brand is built with interplay of art and science, with elements of product design, sizing, market development and all such activities leading to the total output. Having been in the industry for a few years, I can say with conviction that a fashion brand is not just about the size of business i.e.the bigger brand need not be the better one. However, brands that have truly arrived on the stage tend to be bigger; they would have built unique identities for themselves and alsoget associated with certain lifestyles and

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ly sell in MBOs and need to stand out in a clutter of brands. In many cases the consumer will not recollect the brand label as much as the name of the store it is bought from. I have noticed that many of them are single category brands and they owe their origin to expertise and passion behind one type of product like shirts, t-shirts, jeans etc. Once they get established in that category some of them

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inventory data is available till that point. It is also possible in this channel to track customer purchases over time and understand them better; this helps the brand in designing reward programs around these data. This channel, however, is expensive to maintain as the operational and capital expenses are incurred by either the brand or franchisee partner. As a result it is important that the EBOs attract customers and achieve the sales goals while restricting the expenses to desired levels; in fact, many brands look for their own desiredmix of EBO and MBO contribution to sales to get

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January 2017

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cance- â&#x20AC;&#x2DC;Onlineâ&#x20AC;&#x2122;. E-Commerce has grown steadily in India and fashion is also enjoying a good share of online buying behavior in consumers. While statistics on online shopping are readily available, I wish to dwell on two behavioral patterns of the internet-enabled or the mobile-assisted shopper- Showrooming and Webrooming.

Showrooming is what happens when a customer visits a store to experience a product and then makes an online purchase later. Â&#x2039;

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need to be experienced for the customer to know how it feels, and then he looks for a better deal online for the same product. Webrooming is the reverse of this, where a customer searches online to decide on the product to buy and then makes a purchase in a brick and mortar store. This works typically when the search is to be narrowed done from a wide range of options, which can be achieved by the convenience of online reach. In fashion purchase, unless you are very familiar with the collection and the brand, it is important to

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shopping at a neighborhood store after searching on your mobile

Building a Brand Today India has embraced the smartphone way of life and with improving internet infrastructure, we can be rest assured that the consumer is going to use the internet more, in fashion as in the case of other categories too; either to reach a shopping destination or to do a pre-purchase research. Therefore, connecting with the net-savvy customer is important for any brand in India, considering the low median age in our country compared to other large markets of the world. Technology can bring all brands on to a common

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The demand and supply crisis and the growth of the world population call for new ways of producing food and other essential items. One of the most complex questions is â&#x20AC;&#x201C; â&#x20AC;&#x153;How to cater to the demand of food and other items for ever increasing population.

First logical solution is to control the population growth rate, which will ultimately reduce the gap between demand and supply and reduce the impact of the crisis. But considering limitations of cultural, geographical and political boundaries; the solution is very complex.

distribution and use, to disposal or recycling.

Solutions to modify the way we produce goods are already being put to test around the world. Tomorrow, we may be able to build factories, in the developing world as much as in the developed world, which can adapt to local characteristics of the products for local requirement, which will belong in a sustainable supply chain and have less of an impact on the environment. Using which solutions? Are these sustainable? And can the experiments being carried out today give us an insight into the factories of the future?

Here are some â&#x20AC;&#x153;sutraâ&#x20AC;? which will enable the above ultimate goal.

Produce locally

Produce green It is very important to understand the life cycle analysis of any

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chinery and equipment, with local labour, for local use, will always

technology. This thought is taken seriously worldwide by adopting â&#x20AC;&#x153;think global and act localâ&#x20AC;?. Most of the times, transportation,

the basic manufacturing cost. If the product is perishable, there will be always some deterioration on the quality parameters too. On the contrary, locally produced material will have a positive impact on the local community through employment generation, greater service availability and more adapted functionality. Also, this lim

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Companies that source manufactured goods from China do so primarily because of the attractive production costs. Now, however, cost advantages are harder to come by. Companies have reached a point at which there is little cost remaining to be squeezed out of the on-ocean shipping process. Hence, sooner or later, it is important to invent and invest to invent on sustainable technologies which will help the production costs in long run.

January 2017

www.textilevaluechain.com

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Â&#x152; With the above background and context of the need for sustainable products, it is absolutely necessary that sustainable products must be supported by sustainable production. Sustainable production is absolutely dependent on sustainable resources for production.

The whole idea is to â&#x20AC;&#x153;produce our own energy and stop polluting and wastingâ&#x20AC;?, a strategy that could quite easily be replicated on other production sites, including large and traditional facto

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In order to achieve this, some of the basic resources are water and energy. When a production eco-systemâ&#x20AC;&#x2122;s dependency on outside resources is zero or very less, the eco-system become more

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down 5.8% YoY as compared to previous yearâ&#x20AC;&#x2122;s average while European paraxylene were up 6.4% to US$756.13 a ton FOB Rotterdam but it declined 9% YoY in 2016. In US, spot paraxylene was at US$770 a ton FOB USG, up 4.8% on the month.

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ton while softwood pulp was at US$1,000a ton.

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for production and inventories by the end of the 201617 crop year, amid a stronger US$.Cotton market saw stable sentiment for spot materials, but cotton quality was reported lower from earlier month.The March contract

www.textilevaluechain.com

January 2017

<$51 5(3257 on ICE Futures US edged down 0.5% for the month to average US cents 70.59 while it was up 3.5% YoY as compared to previous yearâ&#x20AC;&#x2122;s

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covered late in the month as leading mills and spinners kept on the

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SPUN YARN Cotton yarn producers in China were largely stable and were not able to raise their prices in line with the rise in material costs, implying margins shrinking.

Spot trades remained thin, so cotton yarn prices were expected to hold stable or move up slightly in the short term. In India, cotton

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by the demonetization process with a lack of cash limiting sales by

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in their material costs on to their customers. Export markets too were and prices remained unchanged across the board.In China, 32s cotton yarn in Shengze market was down US cents2 at US$3.243.28 a kg while 21s were at US$3.11-3.17 a kg, down US cents 3 from November. In India, 30s combed for knitting were at US$2.82 a kg, up US cents 2 on the month while carded were at US$2.58 a kg, un

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27

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with 15% higher rates compared to last season and one of the lowest opening stocks. After falling over 15% in Oct 2016, Indian cotton prices were expected to further decrease as pressure of arrivals "

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covered limited cotton whereas exporters committed huge quanti

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farmers not accepting the new system of payment for a long time.

Mills and exporters started scampering to cover cotton as supply

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exporters. Importing countries were compelled to look for other options like US as a result of which International markets went up

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= Consistently slow arrivals in the beginning of the season have created an element of doubt in the minds of Indian traders about the Indian cotton crop. The market has to adjust to the new payment system and the pace of arrivals may not increase in the near future, maybe throughout this season. Under this scenario, consumption of mills will decrease, exports will fall and import of cotton will go up.

The second half of the season may see some pressure on cotton prices if â&#x20AC;˘ consumption does not pick up Ă $

â&#x20AC;˘ international prices fall as a result of increase in global cotton sowing â&#x20AC;˘ China reserve stock auction does not generate a favourable response.

Cotton prices will continue to rise if the above does not happen. Currently there is disparity for ginners and spinners, but it is a very good year for the farmers as they are getting higher rates for their produce in the beginning of the season. High cotton seed prices are a major support for ginners. There is a very strong sup

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buying seed cotton and bales at commercial market rates.

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3.5 million spindles and 0.1 million rotors. This clearly shows the precarious situation of the spinning mills sector which is squeezed "

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both demand and payments have dried up.

( ` ^ Â&#x2013; ^Â&#x2014;* According to the CCI, total cotton consumption in India is likely to increase to 31.3 million bales in the current crop season as compared to 31.2 million bales during the previous year, CCI has resorted to commercial purchase of cotton at market rates from various parts of the country and expects to purchase around 1.5 million bales for the season of 2016-17.Besides protecting the interests of cotton farmers, CCI caters to the needs of National Textiles Corporation and co-operative mills as well as MSMEs and private sector mills, mainly during the second part of the season.

28

X

X ] = ]X~ Â? U Â&#x2018;

view with COTTONGURUTM Media that this year CCI has revised its terms and conditions to facilitate even small mills to procure cotton.

Almost the entire cotton-based textile industry has welcomed Union Textile Minister Mrs. Smriti Iraniâ&#x20AC;&#x2122;s initiative for announcing unique terms and conditions for procuring cotton from CCI for the

X#X %

International Market Summary: US, the worldâ&#x20AC;&#x2122;s biggest exporter has already committed near 9 million bales and so far shipped more than 4 million bales. The rally in futures will encourage farmers across the world, to plant cotton in the new season. As a result, current year sale and new season

%

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~ Â&#x161;Â&#x203A;?Q

futures. Cotton requirement for August onwards will depend on ~ Â&#x161;Â&#x203A;?Q $]

chants from holding cotton post Jun 2017.

Bangladesh: Â&#x17D;

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largest importer of Indian cotton and cotton products such as yarn

Â&#x201C;

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$ Â&#x2DC; %

of cotton to China dropped to a total of just $416.14 million in the

"

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$613.16 million in the same period. Cotton consumption remains strong but forward bookings are limited.

Bangladeshâ&#x20AC;&#x2122;s RMG exports to the global market rose by over 9 Â&#x2020;

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Âş Uq Â&#x161;Â&#x203A;?Âą Â&#x2039;

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Â&#x2C6;cient to attain the $50 billion export target set for 2021. The Govt. is expected to double cash incentives for export. Experts attributed remediation process, which helped improve safety standards-to the increased production capacity. * By 2nd week of January, the cotton arrivals have reached about 4.606 mil tons, down 213000 tons from a year ago and down 1.478 mil tons from 4-yr average. Crop is expected to be about 4.877 million tons. Â&#x201A;

=

X "

above11000 yuan per ton .This year quantity and time is also more.

The auction will start in March 2017at price level of about 15000 ÂŚ

Â&#x2039;

"

tor in determining the cotton price trend.

US: The U.S. 2016-17 cotton scenario shows larger production, exports, and ending stocks relative to last month. Cotton output is

?Q Â&#x203A;

Â?ÂżÂ&#x201E;Â&#x153;ÂĄ Â&#x203A;Â&#x203A;Â&#x203A;Â&#x2018;

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raised to 12.5 million bales and ending stocks to 5 million. ~

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while world export forecast is almost similar to the last year. Also, US will retain its position as the worldâ&#x20AC;&#x2122;s biggest cotton exporter, as %

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compared to last season. The higher cotton export growth was primarily driven by more exports to China, Indonesia, Vietnam, and other smaller countries.

Pakistan: [ =

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www.textilevaluechain.com

January 2017

&27721 5(3257

Â&#x152;# Â&#x201C;

Â&#x201C;

[ =

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because of short crop size. This year, around 10.4m bales of 170kg each are expected to be harvested whereas the industryâ&#x20AC;&#x2122;s demand on an average stands at 10.45m bales, highlighting a shortfall of some 4m bales.

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10,535,922

9,238,656

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9,475,729

7,679,236

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demand is not likely to get immediate support considering the low exports and curtailed consumer spending following demonetisa Â&#x201C;

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The Govt. authorities estimate that Burkina Faso will produce 750,000 tons of raw cotton in the 2016-17 season. Burkina growers had reverted 100 % to non-GM cotton during the current season and talks are underway with U.S. seed maker Monsanto over compensation for crop quality problems blamed on GM cotton.

Reports: ^ * 1. The ICAC forecasts that the season-average Cotlook A Index

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2. World cotton production in 2016-17 is projected to rise by 8% to 22.8 million tons, which may put pressure on cotton prices in the latter half of the season. j " [ ^ ) +! ^ +!* $q~$Â&#x201C;< Â&#x2039;

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slightly, resulting in higher global ending stocks. Trade is raised slightly. U.S. production is raised, resulting in an increase in exports and ending stocks. The U.S. season-average farm price forecast is

ÂąQ Â&#x201D; Prices The A-Index and U.S. spot prices have drifted up wards slightly in recent weeks

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§ nam is expected to see a growth in imports by 19%. +) !* Since the production is estimated to rise the supply may extensively increase in the latter half of the season which in turn will create pressure on global cotton prices.

Chinese reserves auction will begin in March and delivery and

"

"

rent level of prices.

U$]Â&#x201C;] Â?

q = Â&#x201C; " Â&#x2018; ^ * ICRA expects the weak export demand and high cotton prices

January 2017

www.textilevaluechain.com

Z\X|Â&#x161;X] + [ _ # ^$( * Ă [ =

Â&#x153;ÂĄÂ&#x203A; Â&#x203A;Â&#x203A;Â&#x203A;

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cast crop. â&#x20AC;˘ Bangladeshis increased150,000 bales to 6.45 million on strong nearby demand. â&#x20AC;˘ Mexico is lowered 125,000 bales to 1.15 million on slower sales to mills. # +Â&#x2020;( * â&#x20AC;˘ United States is boosted 300,000 bales to 12.5 million on a larger crop. Ă $

Â&#x161;Â&#x203A;Â&#x203A; Â&#x203A;Â&#x203A;Â&#x203A;

Â&#x201E; Â&#x201E;

monetization. â&#x20AC;˘ Australia is decreased 100,000 bales to 4.0 million tight supplies ahead of new crop arrivals. â&#x20AC;˘ Uzbekistanis cut 150,000 bales to 2.0 million on weak demand from partner markets.

29

&27721 5(3257 ^*

Technical Reports: XÂ&#x2014;

^ + *

Noted in last update â&#x20AC;&#x153;All dips for short to medium would be opportunity to go long. Cotton likely to make higher highs in months to comeâ&#x20AC;?

Cotton is back into short term uptrend as anticipated and con Â&#x201A;

¹¥  #

gets remain around 79-80 where ICE Cotton can face some hurdles.

Above 80 there could be sharp rally to 93 areas in medium term.

Traders should remain biased to buy dips for short to medium term.

Key Supports 71.57 - 69.32 - 67.70 - 66.47 - 65.22, Key Resistances 75.37 - 77.80 - 80.27 - 83.86- 88.58 ZÂ&#x2014;

Â&#x2122; *

Noted in last update â&#x20AC;&#x153;Traders are advised to remain on sidelines and trade long only above 19600â&#x20AC;?

MCX Cotton has rallied smartly above 19600. MCX Cotton is back in momentum and has broken past supply zones. Traders should accumulate in declines for short to medium term. Strong supports now expected in 19800-19300 zones. 21100 remains short term targets, above which MCX Cotton can target 22800 areas in medium term.

Key Supports 19800-19460-19300-19140, Key Resistances 20740-21100-21400-21900.

: =Â&#x192;@Â&#x201E;? =Â&#x2C6;= X~ ] Â&#x2039;Â&#x2039; q Â&#x2021;Â&#x152;Â&#x2022;Â&#x152; ÂŻÂŹÂ&#x192;Â&#x192;ÂŹ|¡Š­ŠÂ&#x192; >¡ {Â&#x20AC;Âł ÂŻÂŹÂ

30

www.textilevaluechain.com

January 2017

685$7 5(3257 ) 3 " {

`

$

Ahead of marriage season, synthetic textile market is glittering once again. The retailers from all over the country, are demanding heavy as well medium range synthetic sarees and dress materials.

As the printed and value added fabrics demand is increasing, the prices of various polyester and nylon raw grey fabrics has gone up.

60 grame polyester, syfone, renial, dani, nylon nazneen, tafeta and

Â&#x2013; =

$

ple of weeks, the prices of various raw grey fabrics have increased

ÂĄÂ&#x203A;

Â&#x2022; Â&#x161;Â&#x201D;

The trading activities in surat wholesale textile market is regulerised. Textile units and trading houses in industrial areas, are "

\

Â&#x201C;

monitization was announced, thousands of migrant textile workers have moved out of the city. The production in weaving, embroidery, processing units are declined because of labour shortage. % Z\X]}X~ * !

Â&#x2020;(

`

Â&#x2039; X X Â&#x17D; Â?XXÂ&#x17D;Â&#x2018;

%

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%pecting excise duty relief in union budget 2017-18. The MMF sector

Â&#x2039; XXÂ&#x17D;

attracts 12.5% duty, while there is zero duty on cotton fabric. The

U

"

cotton since long and some relief in excise duty is expected from Budget 2017-18.

[ % ` Z\X]}X~ {

(

X

Surat is the countryâ&#x20AC;&#x2122;s biggest manufacturer of man-made fabric with annual production pegged at 1,000 million metre. The powerloom sector has an installed capacity of around 7 lakh machines, employing over 5 lakh workers. The industry has sought a reduction in central excise duty from 12.5 to 6 per cent. Â&#x2039;

$ U

Â&#x161;Â&#x153;

cent more expensive globally. India stands at no. 2 in MMF production globally, but indiaâ&#x20AC;&#x2122;s share is only 4% in value added MMF tex-

tile exports. The government should consider a long term plan to boost exports from India. The government should reduce excise

U

"

"

mies like China, Vietnam, Bangladesh and Thailand.

With regard to exports of man-made textiles, even though Indian man-made textiles products are preferred in international markets, these remain non-competitive in the world markets, owing to high burden of excise duty which has restricted the product

Â&#x201A; "

%

?Â&#x161; ÂĄÂ&#x2020;

Âą

would certainly reduce the tax burden on MMF reducing its cost to the weaver.

Besides excise duty relief in MMF, industries is expecting duty rationalisation on textile machinery & itâ&#x20AC;&#x2122;s spareparts, free trade agrement with foreign countries, reduction in anti-dumping duty

%

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$ Â&#x2020; (

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[

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Â? # $$ The Southern Gujarat Chamber of Commerce and Industry Â?#Â&#x2021;]]$Â&#x2018;

Â?X Â&#x152;Â&#x2018; "

the Gujarat government for the development of Rs 1,800 crore "

%

=

[ Â&#x2013;

§

Â&#x2021; Â&#x2013;

summit.

SGCCI president B S Agarwal said that the mega textile park will

QÂ&#x203A; =

[ Â&#x2013;

The park will accommodate around 100 textile processing units, 40 water jet weaving units, around 225 garmenting units and other textile ancilliary units, attracting a total investment of Rs 10,000 crore.

As per the proposed plan, the mega textile park will house giant textile processing units, each having average capacity of manufacturing over 3 lakh metres of fabric per day. Around 50 per cent of the fabric manufactured in the processing units will be converted into home textiles and garments.

Wish you a very Happy and Sccecssful new Year..

A well wisher from Surat advt.

January 2017

www.textilevaluechain.com

31

0$/(*$21 5(3257

: Q;;Â&#x203A; =@Â&#x153;;; Under pressure since last two years, Indian textile sector is shaken by demonetization X < X "

~ " Â&#x17D;

" sive poor monsoons, more than the normal downpour last rainy season had infused fresh blood in the textile sector which was reel

Âş Â&#x201D;Â&#x17D; Â&#x161;Â&#x203A;?Â&#x201E; November 08, 2016 however changed everything. Shock, disbe

"

"

~

weavers who had expected to regain the lost ground were shattered. Markets abuzz with hectic activities till now wore a deserted look. Over 1.5 million looms came to a standstill, and hundreds of

"

Â&#x2013; Â&#x2039; " " [

X ister Modi took the sudden decision to demonetize rupees 500 and 1000 old currency notes. â&#x20AC;&#x153;The immediate impact of the demonetization was shock and disbelief. We were unable to comprehend from where we will get the cash the industry needed to run the routine businessâ&#x20AC;?, Nehal Ansari of Taj Textiles, Malegaon said.

Same was the case in Bhiwandi. â&#x20AC;&#x153;The textile industry basically runs on cash. As it needs a huge transaction every day, mostly in cash, it is next to impossible to run "

" Â? Âş Â&#x201C;

\ " [ "

Federation said.

Unlike Ichalkiranji where monthly salary is a norm, labourers in Bhiwandi and Malegaon are respectively paid fortnightly and weekly wages. It means the two largest textile clusters which host more that 50% of Indiaâ&#x20AC;&#x2122;s power looms would need a huge amount of cash every week and fortnight. â&#x20AC;&#x153;It was suicidal to run power looms under such a situation. It means hiring labourers without assuring them the wages. You can do such thing for some time. But, not for weeks and monthsâ&#x20AC;?, Ansari added.

The result was that the power loom units known for their 24x7 work cultures started shutting down one by one. It led to the exo

\

Â&#x152;

[

Â&#x201C;

West Bengal. â&#x20AC;&#x153;We have come here for work leaving behind our families in our home towns. We live in shared rooms and take food from local bissi centers. Every fortnight when we are paid wages, we pay part as room rent and food charges and the remaining to our kin back home. â&#x20AC;&#x153;This is the cycle in our routine life. If this cycle is disturbed, we will be left without shelter and foodâ&#x20AC;?, Shahensha Khan, a labourer

32

who came from Bihar, said.

Market insiders said the weavers incurred losses amounting to millions of rupees in the last two months post demonetization, and it will take years for the situation to become normal and back on track. â&#x20AC;&#x153;The industry has been thrown behind by many years due to demonetizationâ&#x20AC;?, Nehal Ansari said.

Interestingly, this is the season which normally sees a huge demand of cotton fabrics in the market. But, even as the industry struggled to come out of the shock of demonetization, shortage of cotton yarn forced the industry in reverse gear once again. â&#x20AC;&#x153;This is the period when fresh cotton comes in the market and prices are normally between 32,000 to 35,000 per candy of 355 kgs.

But, today the cotton despite good output is selling at 43,000 to 45,000 per candy. As a result, cotton yarn prices are skyrocketing and weavers are unable to match the price of their fabrics with the one in the marketâ&#x20AC;?, Sharique Zubairi of Suhana Textiles, Malegaon said. Â&#x17D;

Âş Â&#x201D;Â&#x17D;

% Â&#x153;UÂ&#x201E;

is a huge demand of cotton fabrics mainly because of two reasons.

One the upcoming marriage season and second is the summer when people prefer cotton fabrics. â&#x20AC;&#x153;Had there been adequate supply of cotton yarn these days,

"

"

due to demonetizationâ&#x20AC;?, Zubairi said.

Meanwhile, polyester continues to be under pressure due to Â&#x153;Â&#x203A;Â&#x2020; U

There was hope and anticipation when Textile Minister Smriti Irani promised in August 2016 during a meeting with stakeholders that she will take up the issue with the Commerce Ministry and will try

Irani repeated her assurance after she visited Bhiwandi a couple of months ago. â&#x20AC;&#x153;Five months have passed and we are yet to hear from the Ministry of Textiles if it has taken any decision over Iraniâ&#x20AC;&#x2122;s assurancesâ&#x20AC;?, Â&#x2022; Â&#x2039;

X

XÂ&#x201A;Â&#x201C;

"

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present in the meeting, said.

Failing to get any positive response from the Textile Ministry, the weavers are now anticipating that the Union Finance Minister Arun Jaitley will surely announce some measures to bring the struggling textile sector â&#x20AC;&#x201C; second largest after agriculture, back on the right tracks.

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January 2017

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â&#x20AC;&#x153;In combination with Microsoft HoloLens we are entering a new world of Customer Services solutions with highest benefit for our customers.â&#x20AC;?

Marcel Bornheim Head of Customer Services Oerlikon Manmade Fibers Segment

The Future is Now Oerlikon Manmade Fibers Segment with its brands Oerlikon Barmag and Oerlikon Neumag again is setting the

For further information visit us at

42

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January 2017