MAHENG/2007/20880 Vol. 14 No. 276 Mumbai, Wednesday, 18 August 2021 Posted Under Regn. No.

PLG/67/2021-2023 Pages 07

COVID – 19
WORLD INDIA USA
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UPDATE Total Cases Total Deaths Total Cases Total Deaths Total Cases Total Deaths

Maharashtra Tamil Nadu Karnataka NCT of Delhi

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Total Cases Total Deaths Total Cases Total Deaths Total Cases Total Deaths Total Cases Total Deaths

BSE (17 August 2021) - Reliance 2,163.95 8.50 (-0.39%) Welspun India 126.00 2.90 (-2.25%) Raymond 413.95 0.30 (-0.07%)

10 more DRCs
being set up by NIFT

New Delhi: In order to promote

Handlooms in a big way, Ministry of Textiles
has undertaken many new initiatives.
10 more Design Resource Centres
(DRCs) are in the process of being set up
by National Institute of Fashion Technology
(NIFT) at Weavers’ Service Centres
(WSCs) of Kolkata, Chennai, Bengaluru,

SHREYA PRINTS PVT. LTD.

Hyderabad, Kannur, Indore, Nagpur,
Meerut, Bhagalpur and Panipat with
the objective to build and create design-
oriented excellence in the Handloom
Sector and to facilitate weavers, exporters,
manufacturers and designers access
design repositories for sample/product
improvisation and development. Ministry
has roped in NIFT keeping in view the fact
“ Where quality
that it is an inhouse organization of MoT,
of which Handloom also is a part, and also
the expertise of NIFT in fashion and design
meets consistency“
trends which can be utilized by Handloom
Sector for greater market linkage. DRCs
are being established by NIFT in all WSCs
Shreya Prints is a figment of the widely acknowl-
in a phased manner, wherein vast inventory edged Em Gee Group and a leader in the velvet
of designs and resources will be available manufacturing Industry. Being a part of the in-
for use by exporters, Manufacturers, dustry for more than four decades, we have pio-
Designers, Weavers and other stake
holders. neered a plethora of different innovative textile
DRCs have been set up and processing solutions and have become trend set-
inaugurated in WSCs of Delhi, Mumbai, ters for the same.
Ahmedabad, Bhubaneshwar, Guwahati,
Jaipur and Varanasi. The eighth DRC at
Kancheepuram was inaugurated by the Our capabilities include in house weaving, pre-
Hon’ble Minister of Textiles on National treatment, dyeing, finishing, and printing of all
Handloom Day, August 07 2021. kinds of velvet fabrics. Our wide range of fabrics
Initially, Handloom Design Centres
at Mumbai, Chennai and Varanasi were are used for apparels, upholstery and home fur-
set up in 1956. Activities of these Design nishings.
Centres later expanded to cover other
aspects of handloom textiles, which were
then Re-designated as the Weavers’
Service Centres (WSCs). Over a period of Contact Us
time each of the Weavers’ Service Centres
accumulated a large number of handloom vatsalshorewala@shreyaprint.in
designs and samples. Meanwhile efforts +91 81302 77312
were made to engage designers of www.shreyaprint.in
repute and attach them to individual
weaver clusters to contribute towards
design innovation, training and improve
marketability of the handloom products.
MoUs were signed with several designers.
But the effort met with limited success and
after some time fully lost impetus. This
led to the concept of having an inhouse
design repository where both contributors
and beneficiaries can have a common
place to share designs, even though in an
indirect fashion. NIFT was entrusted with
the responsibility of setting up DRCs in all
the WSCs in a phased manner.
Manufacturers and Exporters of Quality Velvet Fabrics
 www.gtanews.in

Global Textiles & Apparels,

Mumbai, Wednesday, 18 August 2021 Associations & Company affairs 02
Indian Cotton Crop estimate for the Season 2019-20 & 2020-21 China Cotton Yarn Imports in July’21
Estimated as on 31st July 2021 China: The Cotton yarn gradually after the prices surged.
imports of China in June reached There are obvious issues
147kt, up 4.3% on the year and existing in the structure of
Arrivals down 7.2% on the month. imported cotton yarn.
As on 31st July It amounted to 1064kt Carded 32S and OEC21S
2021 cumulatively in January-June, up are still in tight supply and spot
29.2% year on year. Indian combed 32S also reduces.
2020-21 2019-20 2020-21 The imports in July is At present, the offers of traders
State Total Total Total initially assessed at 161kt, up are high and some are reluctant
(in Pressed Loose (in (in (in’000 (in Pressed Loose (in (in (in’000 (in (in (in’000 9.7% on the month and down to sell.
running (in lakh lakh b/s lakh Tons) running (in lakh lakh b/s lakh Tons) running lakh Tons) 1.2% on the year. As traditional dull season,
According to export data of July saw healthy market this year.
b/s of b/s of of 170 b/s of b/s of b/s of of 170 kgs b/s of b/s of b/s of
foreign markets in June, the cotton The operating rate of cotton
160 170 kgs kgs each) 170 160 170 kgs each) 170 160 170
yarn exports of Vietnam in July is yarn mills was not affected overall
kgs. each) kgs kgs. each) kgs kgs. kgs except regional and periodical
likely to drop from last month due
each) each) each) each) each) each) influence of typhoon and the
to the production, order-taking
Punjab 11.16 10.35 0.15 10.50 178.50 10.09 9.35 0.15 9.50 161.50 10.89 10.25 174.25 and delay of July shipments pandemic.
affected by the pandemic. Cotton and cotton yarn
Haryana 23.91 22.14 0.36 22.50 382.50 27.09 25.14 0.36 25.50 433.50 23.22 21.85 371.45 The exports of Pakistan prices surged in July, which
Upper in July expected to move up compressed weavers’profits
20.72 19.25 0.25 19.50 331.50 13.81 12.75 0.25 13.00 221.00 20.73 19.51 331.67 compared with June. largely.
Rajasthan
Lower The export data of India is Some small-sized weavers
13.81 12.76 0.24 13.00 221.00 15.94 14.76 0.24 15.00 255.00 13.07 12.30 209.10 delayed. According to previous even took holidays for some
Rajasthan
ordering of Chinese plants and time. Overall run rate in July was
Total North slightly lower than that in June.
69.59 64.50 1.00 65.50 1113.50 66.94 62.00 1.00 63.00 1071.00 67.90 63.91 1086.47 arrivals, Indian cotton yarn
Zone Vietnamese shipments to
exported to China is expected to
increase slightly. China are delayed in July due to
The Cotton yarn exports of the pandemic and the quantity
Gujarat 99.34 92.01 1.49 93.50 1589.50 100.94 93.51 1.49 95.00 1615.00 97.22 91.50 1555.50 Uzbekistan to China is predicted of Indonesian arrivals is also
to inch up as more orders are affected by the pandemic.
Maharashtra 86.59 80.41 1.09 81.50 1385.50 92.44 85.91 1.09 87.00 1479.00 85.67 80.63 1370.71
shifted to Uzbekistani cotton yarn According to the export
Madhya from Vietnamese cotton yarn due data in the countries, cotton yarn
19.66 18.12 0.38 18.50 314.50 19.13 17.62 0.38 18.00 306.00 19.27 18.14 308.38
Pradesh to the pandemic and the free duty exports of Vietnam inched down,
Total Central to Pakistan was canceled. that of Pakistan inched up, that
205.59 190.54 2.96 193.50 3289.50 212.50 197.04 2.96 200.00 3400.00 202.16 190.27 3234.59 of India was flat to last month
Zone It is initially estimated that
cotton yarn imports of China in and that of Uzbekistan moved
July from Vietnam is at 71kt; from up slightly.
Telangana 46.75 43.31 0.69 44.00 748.00 55.25 51.31 0.69 52.00 884.00 46.48 43.75 743.75 Pakistan 27kt, from India 19kt, On the whole, July arrivals
from Uzbekistan 22kt and from are expected to be more than
Andhra June ones. According to the
17.00 15.77 0.23 16.00 272.00 16.20 15.02 0.23 15.25 259.25 16.47 15.50 263.50 other regions is small.
Pradesh Arrivals of imported cotton ordering in June and July, August
Karnataka 24.97 23.09 0.41 23.50 399.50 21.25 19.59 0.41 20.00 340.00 24.63 23.18 394.06 yarn sharply declined in June. It arrivals may keep flat.
is expected to move up in July, It is noteworthy that the
Tamil Nadu 7.44 6.90 0.10 7.00 119.00 5.31 4.90 0.10 5.00 85.00 7.44 7.00 119.00 but with smooth sales previously, pandemic may hinder the arrivals
Total South overall stocks decreased slightly and impact the supply of imported
96.16 89.07 1.43 90.50 1538.50 98.02 90.82 1.43 92.25 1568.25 95.02 89.43 1520.31 even if the trades reduced cotton yarn.
Zone

Orissa 3.19 2.94 0.06 3.00 51.00 3.98 3.69 0.06 3.75 63.75 3.19 3.00 51.00
Varner using Livaeco™ Viscose
Others 2.13 2.00 - 2.00 34.00 1.06 1.00 - 1.00 17.00 2.13 2.00 34.00 from India’s Birla Cellulose
Mumbai: Varner with nearly 11,000 employees and 1,400 stores
across 6 countries, has recognised traceability to be an integral part
Grand Total 376.66 349.05 5.45 354.50 6026.50 382.50 354.55 5.45 360.00 6120.00 370.40 348.61 5926.37 of their sustainable drive.
The Company has developed products using Livaeco™ Viscose

Indian Cotton Balance Sheet for Fire in Gazipur from India’s textile giant Birla Cellulose, which is supported by fibre
verification test, and the product is equipped with a unique QR code
Textile Warehouse
the Season 2019-20 & 2020-21
for each product.The QR code, when scanned, opens a view of the
Mumbai: A fire broke out entire supply chain with full geographical visibility.
at a textile warehouse in Bhogra It is pertinent to mention here that Varner has already completed
Estimated as on 31st July 2021 Bhasan Road area of Gazipur the first project on this with their SS’20 collection and are proceeding
city. The fire started around 6am on the same path in SS’21. Major part of this line of products is being
2020-21 2019-20 manufactured across India, but Varner is looking at prospects for
Details in the warehouse of Alema Textile
(in lakh b/s) (in’000 Tons) (in lakh b/s) (in’000 Tons) starting similar initiatives in other production regions as well.
Limited. Seven Tongi and Gazipur
Supply
firefighting units rushed to the The QR code of traceability can be found on the product hangtag.
Opening Stock *125.00 2125.00 32.00 544.00
scene and extinguished the fire As per the sustainability report of the Varner, it has its regional
Crop 354.50 6026.50 360.00 6120.00
within a few hours.The cause of production offices in Delhi since 2011 and has 14 employees. In India,
Imports 10.00 170.00 15.50 263.50
Total Supply 489.50 8321.50 407.50 6927.50 the fire, however, was yet to be it works with 12 suppliers’ 46 factories. Out of its total sourcing, India
Demand determined. contributes about 6 per cent.
Mill Consumption 288.00 4896.00 218.00 3706.00

Do U Want.....
Consumption by SSI Units 24.00 408.00 18.00 306.00
Non- Mill Consumption 18.00 306.00 14.00 238.00
Total Domestic Demand 330.00 5610.00 250.00 4250.00
Available Surplus 159.50 2711.50 157.50 2677.50
Exports
Closing Stock
77.00
82.50
1309.00
1402.50
50.00
107.50
850.00
1827.50 * To r e c e i v e G l o b a l Te x t i l e s & A p p a r e l s b y
*
One time adjustment of 17.50 lakh bales made in the Opening
stock i.e. 107.50 lakh bales to 125.00 lakh bales by the CAI
E-mail
Statistics Committee in the meeting held on 6th January 2021. * To g e t m o r e d e t a i l e d r e p o r t i n
Balance Sheet of 10 months your sphere of activity
* To g e t a d d i t i o n a l S t a t i s t i c s
i.e. from 1.10.2020 to 31.07.2021 * To g e t S M S A l e r t S
for the season 2020-21 * To S e l l o r B u y
Details
(in lakh b/s (in '000 * To a p p o i n t E x e c u t i v e s o r r e c r u i t S t a f f
of 170 kg) Tons) * To g e t Q u a r t e r l y R e s u l t s p u b l i s h e d
Opening Stock as on 01.10.2020 125.00 2125.00
Arrivals upto 31.07.2021
Imports upto 31.07.2021
348.61
9.00
5926.37
153.00
Address all correspondence to:
Total Available 482.61 8204.37
Consumption 275.00 4675.00
RAHUL VINOD SOOD

Global Textiles & Apparels

Export Shipments upto 31.07.2021 70.00 1190.00
Stock with Mills 80.00 1360.00
Stock with CCI, Maha. Fedn., MCX,
57.61 979.37
MNCs, Ginners, Traders & Exporters 69, Bhagya, Rashmi Park Bungalow Complex , Dhumaal
Total 482.61 8204.37 Nagar Valiv Vasai Rd, Vasai East, Thane 401208
Subscribers of Global Textiles & Apparels are requested - (0) 9834710185 - 9923581468
to update their profile & contact information by sending us
e-mail, so that can be put on the Regular Mailing List. - editor@gtanews.in, editor.gta@gmail.com
E-mail: rahul@gtanews.inrahulvsood@gmail.com,
 www.gtanews.in

Global Textiles & Apparels,

Mumbai, Wednesday, 18 August 2021 Associations & Company affairs 03
AATCC Method TEA & SIMA welcome 'Pragmatic' Tamil Nadu State Budget
Quantifies Fiber Shedding Mumbai: The Tiruppur Exporters’ Association (TEA) and The Southern India Mills’ Association (SIMA) have welcomed the
‘pragmatic’ budget presented by Tamil Nadu. The two associations have hailed the state’s decision to improve infrastructure to promote
USA: AATCC TM212-2021, Test
technical textiles in the state and the announcement of creating a separate department for textiles.
Method for Fiber Fragment Release During
Setting up a separate department for textiles will help focus more on the growth of the textiles and garment sectors and exports.
Home Laundering, provides a standardized
The common effluent treatment plants at Erode and Namakkal will boost the growth of the textile industry in the state.
method for quantifying fiber fragment
shedding in the ongoing challenge to
combat aquatic pollution. These fragments Indian start-up ecosystem has potential to make Grasim net profit in Q1
are sometimes referred to as “microfibers”
or “microplastics.”
the country an Innovation & Invention Hub Mumbai: Grasim Industries Ltd., part
of Aditya Birla Group, reported around
AATCC TM212 was developed to New Delhi: Mr.Piyush Goyal, the Union fourfold jump in its consolidated net profit
provide a means to determine the mass of Minister of Commerce & Industry and Textiles said of Rs. 2,447.97 crore for the first quarter
fiber fragments relea1sed in an accelerated that Indian start-up ecosystem has the potential ended June 2021.
laundering setting. This method provides to make India the innovation & invention hub in The company said in a regulatory
the global industry with a consistent and the world. filing that it posted a net profit of Rs. 616.99
uniform test method to follow. The Indian Government wants to see new crore during the April-June quarter of the
AATCC TM212 defines standard start-ups emerge across India especially in Tier- previous fiscal.
nomenclature with the terms fiber 2 and Tier-3 cities. It will catalyse employment Its revenue from operations was
fragment and microfiber, which address generation and strengthen forward as well as up 52.72 per cent at Rs. 19,919.40 crore
discrepancies that have long been a backward linkages. during the quarter under review as against
source of confusion for many who work Addressing the virtual meeting of National Rs. 13,043.51 crore in the corresponding
to tackle pollution. Originally assumed to Startup Advisory Council National Startup Advisory period of the previous fiscal.
be a plastics problem, natural fibers are Council (NASC), he said that implementation of Its revenue from viscose-pulp,
also appearing in marine life's food cycle. ideas of financing, mentorship, taxation, etc. will viscose staple fibre (VSF) and filament
AATCC TM212 is not limited to man-made enable us to strengthen our start-up ecosystem yarn segment was up over threefolds to Rs.
fibers, as it can be used to determine the further. The Minister said that India’s start-up 2,102.76 crore in Q1/FY2021-22 as against
fiber shedding potential of natural fibers Rs. 557.68 crore a year ago.
and blends. ecosystem is a reflection of Indian youth’s energy, enthusiasm and agility and Startup However, sequentially the segment
The standard is the result of India movement has brought a ‘change in mindset’ from ‘can do’ to ‘will do’. Our start-up has witnessed a degrowth of 17.9 per
collaboration, not only within AATCC ecosystem has the potential and promise to make India the innovation and invention hub cent as it was at Rs. 2,583.40 crore in the
committee RA100 Global Sustainability, of the world and NSAC has been working tirelessly to pave the way forward for budding January-March quarter.
but among stakeholders from several start-up entrepreneurs in India. Over capex plan, Grasim Industries
organizations including The Microfibre NSAC will nurture start-ups to aim for higher competitiveness and make India the said commissioning of VSF expansion
Consortium, headquartered in the UK, and start-up capital. It can be mentioned here that with nearly 60 unicorns, India has one of two lines at Vilayat, Gujarat is as
the Cross Industry Agreement of European of the largest start-ups stable in the entire world. India has achieved 21 unicorns in last per schedule. Line 1 is expected to be
signatories. The outgoing Chair of RA100, 6 months. He asked DPIIT to now act as a ‘facilitator’ with open doors, open arms and commissioned in Q2 and Line 2 in Q3 of
Heather Elliot of Adidas, extends her open mind. the current financial year.
sincere gratitude. She says, "Thank you
to everyone who helped make this test
method happen. It has been years in the
making and would never have happened
without the hands and minds of so many
amazing people. We can't thank you
enough! Here's to measuring our mess so
we can figure out how to clean it up!"
The incoming Chair of RA100,
Shulong Li of Milliken, goes on to add, "
small fiber fragments in the environment
is an emerging and serious concern that
raises heightened public attention. TM212-
2021 results from extensive collaboration
representing a broad range of stakeholders
in the textile industry, public and private
institutions, and technical experts in the
Global Sustainability committee. This new
standard method provides a common and
useful tool for the textile industry to gain a
better understanding of the issues."
Although unofficial and proprietary
methods have been in use, AATCC TM212
is the first global standard published to
address the issue of quantifying fiber
fragment release. The test method was
developed and approved by consensus
from a diverse group of experts from
around the world and across related
industries.

Rieter acquires three

Businesses from Saurer
Mumbai: Rieter Holding Ltd.,
Winterthur/Switzerland, and Saurer
Intelligent Technology Co. Ltd., Shanghai/
China listed, signed an agreement by which
Rieter will acquire three businesses from
Saurer Netherlands Machinery Company
B.V., Amsterdam/Netherlands, the parent
company of Saurer Spinning Solutions
Excellence
weaved in every achievement!
GmbH & Co. KG, Uebach-Palenberg/
Germany and Saurer Technologies GmbH Wellknown Polyesters Ltd. prides in being
& Co. KG, Krefeld/Germany. the state-of-the-art manufacturing facility
With this acquisition, Rieter will which promises to deliver commitment in
complete the offering of ring- and compact the form of modern age products.

WEAVING
spinning systems by acquiring the Technologically sound, Wellknown, is the
Schlafhorst automatic winder business. largest producers of quality polyester yarns
Additionally, Rieter invests in two using unparalleled technology, Barmag-
attractive component businesses: Accotex
Wings with EVO for POY and FDY- the first

THE WARP
(elastomer components for spinning
machines) and Temco (bearing solutions manufacturers to implement in the world.
for filament machines). The modern manufacturing facility,
In total, the three businesses had a
equipped with the latest Oerlikon Barmag
combined turnover of EUR 142 million in

& WEFT
technology for Continuous Polymerization
2020, the year of the COVID crisis. In 2019
and 2018, the total combined turnover was (CP), POY, FDY, PSF, DTY, & ATY is a testament
at a level of EUR 235 million and EUR 260 to its quality deliverance.
million, respectively.
Spreading its wings across 50+ countries,
The purchase price for the three
fortified with specialized yarns of over 200
businesses is EUR 300 million on a cash
and debt free basis. Rieter has financed varieties, Wellknown is a force to reckon for
the purchase price by cash and available when it comes to undisputed excellence.
credit lines. Rieter and Saurer expect to
close the transaction during the month of
August. In the first step of the transaction,
Rieter will acquire 57% of the shares of 14th Floor, B wing, Nirmal, 241/242, Backbay Reclamation, Nariman Point. �umbai � 400021
Saurer Netherlands. The shares will be Tel.: 91-022-66207000 Fax.: 91-022-66207050 Email : info@wellknown.net.in Website : www.wellknown.net.in
returned to Saurer after the implementation
of the transaction in six to nine months.

Global Textiles & Apparels,
Mumbai, Wednesday, 18 August 2021
CAI reduces its Cotton Crop estimate for 2020-21 season to 354.50 Lakh Bales
Mumbai: The Cotton
Association of India (CAI) has
released its July estimate of the
cotton crop for the season 2020-
21 beginning from 1st October
2020.
CAI has reduced its July
estimate of the cotton crop for
2020-21 by 1.50 lakh bales to
354.50 lakh bales of 170 kgs.
each (equivalent to 376.66 lakh
running bales of 160 kgs. each)
from its previous estimate of
356 lakh bales of 170 kgs. each
(equivalent to 378.25 lakh running
bales of 160 kgs. each).
A statement containing the
State-wise estimate of the cotton
crop and the balance sheet for the
cotton season 2020-21 with the
corresponding data for 2019-20
crop year are enclosed.
Also given below are the
highlights of the deliberations of
the virtual meeting of the Statistics
Committee of the CAI which was
held on 11th August 2021 and
was attended by 25 members
including Upcountry Cotton Trade
Associations representing all
cotton growing States.
The CAI has maintained
its cotton crop estimate for the
Northern Zone at the same level
as in its previous month’s estimate
i.e. at 65.50 lakh bales of 170 kgs.
each (equivalent to 69.59 lakh
running bales of 160 kgs. each).
The cotton crop estimate
for the Central Zone has been
reduced by 0.50 lakh bales to
193.50 lakh bales of 170 kgs.
each (equivalent to 205.59 lakh
running bales of 160 kgs. each)
from 194 lakh bales of 170 kgs.
each (equivalent to 206.13 lakh
running bales of 160 kgs. each)
estimated during the last month.
There is a reduction of 2.50
lakh bales in the crop estimate
for Gujarat state while the crop
estimates of Maharashtra &
Madhya Pradesh have been
increased by 1.50 lakh bales
and 0.50 lakh bales respectively
compared to the estimates of
these states made in the previous
month.
The cotton crop estimate for
Southern Zone has been reduced
by 1.00 lakh bales to 90.50 lakh
bales of 170 kgs. each (i.e. 96.16
lakh running bales of 160 kgs.
each) compared to the previous
estimate of 91.50 lakh bales of
170 kgs. each (i.e. 97.22 lakh
running bales of 160 kgs. each)
made during the last month.
The cotton crop for
Telangana is estimated lower
by 1.00 lakh bales whereas
the cotton crop estimates for
the states of Andhra Pradesh,
Karnataka & Tamil Nadu have
been maintained at the same
levels as estimated previously.
Also there is no change in the
cotton crop estimate for Orissa.
The total cotton supply
estimated by the CAI during the
period from October 2020 to July
2021 is 482.61 lakh bales of 170
kgs. each (equivalent to 512.77
lakh running bales of 160 kgs.
each).
This consists of the arrivals
of 348.61 lakh bales of 170
kgs. each upto 31st July 2021
(equivalent to 370.40 lakh running
bales of 160 kgs. each), imports of
9.00 lakh bales of 170 kgs. each
(equivalent to 9.56 lakh running
bales of 160 kgs. each) upto 31st
July 2021 and the opening stock
at the beginning of the season
on 1st October 2020 at 125 lakh
bales of 170 kgs. each (equivalent
to 132.81 lakh running bales of
160 kgs. each).
F u r t h e r, t h e C A I h a s
estimated cotton consumption
during the months of October
2020 to July 2021 at 275 lakh
bales of 170 kgs. each (equivalent
to 292.19 lakh running bales of
160 kgs. each) while the export
shipment of cotton upto 31st July
2021 is estimated at 70.00 lakh
bales of 170 kgs. each (equivalent
to 74.38 lakh running bales of 160
kgs. each).
Stock at the end of July
2021 is estimated by the CAI at
137.61 lakh bales of 170 kgs.
each (equivalent to 146.21 lakh
running bales of 160 kgs. each)
including 80.00 lakh bales of 170
kgs. each (i.e. 85 lakh running
bales of 160 kgs. each) with textile
mills and remaining 57.61 lakh
bales of 170 kgs. each (equivalent
to 61.21 lakh running bales of 160
kgs. each) with CCI, Maharashtra
Federation and others (MNCs,
Traders, Ginners, etc.).
The yearly Balance Sheet
projected by the CAI estimates
total cotton supply till end of
the cotton season i.e. upto 30th
September 2021 at 489.50 lakh
bales of 170 kgs. each (equivalent
to 520.09 lakh running bales of
160 kgs. each) consisting of the
Opening Stock of 125 lakh bales
of 170 kgs. each (i.e. 132.81
lakh running bales of 160 kgs.
each) at the beginning of the
cotton season, cotton crop for
the season at 354.50 lakh bales
of 170 kgs. each (equivalent to
376.66 lakh running bales of 160
kgs. each) and imports estimated
by the CAI at 10 lakh bales of
170 kgs. each (equivalent to
10.63 lakh running bales of 160
kgs. each), which are lower by
5.50 lakh bales of 170 kgs. each
(equivalent to 5.84 lakh running
bales of 160 kgs. each) from the
previous year’s import estimated
at 15.50 lakh bales of 170 kgs.
each (equivalent to 16.47 lakh
running bales of 160 kgs. each).
Domestic consumption for
the entire crop year i.e. upto 30th
September 2021 is now estimated
higher by 5 lakh bales to 330 lakh
bales of 170 kgs. each (equivalent
to 350.63 lakh running bales of
160 kgs. each) considering the
brisk demand for cotton yarn
despite disruptions caused by
lockdown to arrest spread of the
second wave of COVID-19.
The CAI has also increased
the exports estimate for the
season from its previous estimate
of 72 lakh bales of 170 kgs. each
(equivalent to 76.50 lakh running
bales of 160 kgs. each) to 77 lakh
bales of 170 kgs. each (equivalent
to 81.81 lakh running bales of 160
kgs. each) based on the feedback
received from exporter members.
This export estimate is
higher by 27 lakh bales from the
previous year’s cotton exports
estimate of 50 lakh bales of 170
kgs. each (equivalent to 53.13
lakh running bales of 160 kgs.
each).
The carryover stock at the
end of the season i.e. on 30th
September 2021 is now estimated
at 82.50 lakh bales of 170 kgs.
each (equivalent to 87.66 lakh
running bales of 160 kgs. each).
H i g h l i g h t s o f
Deliberations held at the
Virtual Meeting of the Statistics
Committee Of CAI
The Crop Committee of the
Cotton Association of India (CAI)
held its meeting on 11th August
2021, which was attended by
in all 25 members representing
www.gtanews.in
Associations & Company affairs 04
all cotton producing states and each) made during the last month. kgs. each). The mills have on an
stakeholders. The Committee members average 87 days’ cotton stock in
The Committee arrived at will have a close watch on the their godowns.
the July estimate of the cotton cotton arrivals in the months of The CCI, Maharashtra
crop for the 2020-21 crop year August and September and if any Federation, MNCs, Ginners,
and drawn the estimated cotton addition or reduction is required Traders, MCX, etc. are estimated
balance sheet based on the to be made in the production to have a total stock of about
data available from various trade estimate, the same will be made 57.61 lakh bales of 170 kgs. each
sources, upcountry associations in the CAI reports. (equivalent to 61.21 lakh running
and other stakeholders. 3. IMPORTS bales of 160 kgs. each) as on 31st
Th e fo l l o w i n g a r e th e The estimate of cotton July 2021.
highlights of the deliberations imports into India has been Thus, the total stock held
held at this meeting: - retained at the same level of by spinning mills and stockists
1. CONSUMPTION 10 lakh bales of 170 kgs. each including the stock of cotton sold
The CAI has increased its (equivalent to 10.63 lakh running but not delivered on 31st July
consumption estimate for the bales of 160 kgs. each) as 2021 is estimated at 137.61 lakh
current crop year by 5 lakh bales estimated during the last month. bales of 170 kgs. each (equivalent
to 330 lakh bales of 170 kgs. each The cotton import estimate made to 146.21 lakh running bales of
(equivalent to 350.63 lakh running now is lower by 5.50 lakh bales 160 kgs. each).
bales of 160 kgs. each) from its from that estimated for the 2019- CLOSING STOCK AS ON
previous estimate of 325 lakh 20 crop year. 30TH SEPTEMBER 2021
bales of 170 kgs. each (equivalent Upto 31st July 2021, about Closing stock as on 30th
to 345.31 lakh running bales of 9.00 lakh bales of 170 kgs. each September 2021 is estimated by
160 kgs. each). (equivalent to 9.56 lakh running the Committee at 82.50 lakh bales
The Committee has made bales of 160 kgs. each) are of 170 kgs. each (equivalent to
this revision considering the brisk estimated to have been arrived 87.66 lakh running bales of 160
demand for cotton yarn despite the Indian Ports. kgs. each).
disruptions caused on account 4. EXPORTS
of the lockdown implemented
to arrest the second wave of
The estimate of cotton
exports for the 2020-21 crop
India’s Growth
COVID-19 pandemic in the year has been increased by 5 lakh in Exports - FIEO
country. bales to 77 lakh bales of 170 kgs.
The consumption now each (equivalent to 81.81 lakh Mumbai: The Federation
estimated for the current crop running bales of 160 kgs. each) of Indian Export Organisations
year is higher by 80 lakh bales based on the input received from (FIEO) president Mr. A Sakthivel
compared to the previous year’s exporter-members. said the sustained export growth
consumption estimate of 250 lakh Upto 31st July 2021, about of around 50 per cent with a
bales of 170 kgs. each (equivalent 70 lakh bales of 170 kgs. each figure of $35.43 billion over fiscal
to 265.63 lakh running bales of (equivalent to 74.38 lakh running
160 kgs. each).
2020-21 and by 35 per cent over
bales of 160 kgs. each) are
Upto 31st July 2021, the estimated to have been shipped. fiscal 2019-20 has demonstrated
the strength and resilience of the
consumption is estimated at 5. ARRIVALS
275 lakh bales of 170 kgs. each Indian cotton arrivals during country’s exports sector.
(equivalent to 292.19 lakh running the months of October 2020 to This is the highest-ever
bales of 160 kgs. each). July 2021 are estimated at 348.61 exports recorded at least in the
2. PRODUCTION lakh bales of 170 kgs. each last nine years as per the data
The CAI has reduced (equivalent to 370.40 lakh running readily available with FIEO.
its production estimate for the bales of 160 kgs. each). It also is a sign that global
season 2020-21 to 354.50 lakh 6. STOCK AS ON 31ST trade is recovering fast.
bales of 170 kgs. each (equivalent JULY 2021 The Government to soon
to 376.66 lakh running bales of The cotton stocks held by notify the rates of Remission of
160 kgs. each) from its previous mills in their godowns on 31st
estimate of 356 lakh bales of 170
Duties and Taxes on Exported
July 2021 are estimated at 80 lakh
kgs. each (equivalent to 378.25 bales of 170 kgs. each (equivalent Products (RoDTEP) to remove
uncertainty in the industry.
lakh running bales of 160 kgs. to 85 lakh running bales of 160
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Global Textiles & Apparels,

Mumbai, Wednesday, 18 August 2021 Associations & Company affairs 06
Apparels to help achieve US $ 400 bln Go Fashion (India) gears up for IPO
merchandise exports of India – AEPC Mumbai: Go Fashion (India), is support working capital requirements and
geared up for its initial public offer (IPO). for general corporate purposes. As of May
Mumbai: Indian Government has strongly The company has filed draft papers with 2021, the company had 450 EBOs located
envisaged to take the merchandise export of the markets regulator Securities and Exchange across 115 cities.
country to US $ 400 billion in FY ’22. Board of India (SEBI) to garner funds Under the OFS, PKS Family Trust
The merchandise target was set in a recent through an initial share sale. and VKS Family Trust will offload 7.45
virtual meeting by Prime Minister Narendra Modi The company is engaged in the lakh equity shares each, Sequoia Capital
who chaired the session and interacted with Export development, design, sourcing and India Investments will sell up to 74.98 lakh
Promotion Councils, Commodity Boards along retailing of a range of women’s bottomwear shares, India Advantage Fund S4 I will
with Export Commissioners from States/ UTs, products under the brand, ‘Go Colors’. divest up to 33.11 lakh shares and Dynamic
Industry Organisations, Indian Ambassadors/High The IPO comprises fresh issue of India Fund S4 US I will sell up to 5.76 lakh
Commissioners and encouraged them to achieve the equity shares worth up to Rs. 125 crore shares.
export target. and an offer-for-sale (OFS) of up to Currently, PKS Family Trust and
Now Apparel Export Promotion Council (AEPC), 12,878,389 equity shares by promoter VKS Family Trust hold 28.74 per cent
in its 42nd Annual General Meeting (AGM), has aligned and existing shareholders, as per the draft stake each in the company, Sequoia
the efforts made by apparel and textile industry of the red herring prospectus.Proceeds from the Capital holds 28.73 per cent stake, India
country towards the target set by PM Modi. fresh issue will be used to fund rollout of Advantage Fund has 12.69 per cent stake
Dr. A. Sakthivel, Chairman, AEPC exuded confidence that the dynamic leadership 120 new exclusive brand outlets (EBOs), and Dynamic India Fund owns 1.1 per cent
provided by the Modi Government has bestowed a lot of courage within the exporting stake in the firm.
community, particularly the apparel exporters.
It’s worth noting here that India’s apparel exports fell significantly by 21 per cent
M&S adds 6 New Brands
to US $ 12.27 billion in FY ’21 that was disrupted due to COVID-19 pandemic.
However, the first quarter of FY ’22 (April-June) has seen a steep increase of 91
Mumbai: Marks & Spencer (M&S)
will be expanding ‘guest’ brand offering by
Asahi Kasei Q1 results
per cent on Y-o-Y basis in apparel shipments that has laid a strong platform for exporters adding 6 new clothing and footwear brands. Mumbai: Asahi Kasei Corporation,
in months to come. Amongst the brands to be included has reported 28.2 per cent sales rise
Dr. A. Sakthivel said that the exports to major markets are increasing. Exports to in its website are renowned menswear to ¥583.4 billion (Japanese yen) in first
the USA increased by 22 per cent during January-May 2021 as compared to the same and womenswear labels like Albaray, Fat quarter (Q1) FY21 ended on June 30,
period of previous year. India’s exports to EU grew by 22 per cent during January-April Face and Celtic & Co. Besides, there will 2021, compared to ¥455.1 billion in the
2021 as compared to the same period of previous year. The Exports to other markets be outerwear brand Craghoppers as well. same period of previous fiscal. Operating
like the UK, Saudi Arabia, Canada, Japan and Australia are also growing. The website will also add kidswear income doubled to ¥60.5 billion (Q1 FY20:
According to him, one of the key growth drivers will be the extended RoSCTL brand Frugi as well as footwear brand ¥30.1 billion).
scheme till 31 March 2024 that will ensure a stable and predictable policy regime and Jones Bootmaker. The company said its ordinary
will boost exports by making Indian apparels globally competitive. While stating reasons to expand income increased 115.6 per cent to ¥65.2
guest offering, the retailer said that early billion (¥30.2 billion), while net income
results on brands driving frequency have attributable to owners of the parent climbed
Ease conditions for Raw John Lewis to expand been very encouraging, with increase in 241.7 per cent to ¥46.4 billion (¥13.6
Material Import - BGMEA online operations the traffic on M&S.com. billion).
The retailer said that new customers With recovery of automobile-related
Bangladesh: The Local garment Mumbai: John Lewis has signed a who buy into a guest brand were returning markets, rapid rise of market prices for
manufacturers have demanded that the 3-year deal with the logistics pioneer Clipper to make their second purchase around 10 petrochemical products, the Material
government ease conditions for importing in its efforts to expand its e-commerce days sooner than those who did not buy segment sales during Q1 FY21 surged 72.1
yarn, cotton and fabrics as work orders operations. The deal follows the retailer’s into brands. per cent to ¥276.8 billion (¥204.7 billion),
were pouring in from international clothing recent acquisition of a new logistic centre. While ‘Brands at M&S’ is majorly an and homes segment sales were up 46.7
retailers and brands. The partnership with Clipper is online offer, the retailer has also said that per cent to ¥197.6 billion (¥150.9 billion).
The Bangladesh Garment expected to generate over 200 jobs. As it is expanding its in-store trial of ‘Brands at In its forecast for the first half (H1) of
Manufacturers and Exporters Association per the 3-year deal, the retailer can utilise M&S’ to include Argyle Street in Glasgow FY21, the company expects 21.1 per cent
(BGMEA) said that they have a lot of work logistic giant’s new 317,000 square feet and Bluewater shopping centre in Kent, sales expansion to ¥1,198.0 billion, with
orders and they need ready raw materials warehouse space in Bardon. amongst some others. operating income of ¥106.0 billion.
like yarn, cotton and fabrics.
The quantity of work orders is so
high that local raw material suppliers are
also facing difficulties in ensuring the timely
supply of goods.
The BGMEA had sent a letter
to Commerce Minister Tipu Munshi
demanding easing the rules for importing
yarn from India by removing different non-
tariff barriers and improving infrastructures
at the land port areas.
The BGMEA demanded that the
Government allow the import of yarn, cotton
fabrics and other raw materials particularly
through the Bhumra and Sunamasjid land
ports under bonded warehouse facility.
Importers can import yarn, cotton
and fabrics from India under the bonded
warehouse facility only through the
Benapole Land Port as it had storage and
warehouse facilities.
The BGMEA also demanded that
the government allow partial shipment
facilities through the land ports, including
the Benapole land port.
The BGMEA also sought
improvements of the infrastructure at the
land port areas so that transport congestion
can be avoided there in case of importing
raw materials in bulk quantities from India.
The Local garment manufacturers
have been trying to import yarn and fabrics
from India in bulk quantities as demand
has soared with a rise in work orders while
prices of yarn have gone up in the local
markets.
The local garment manufacturers
and exporters and spinners were at
loggerheads recently for instabilities in
the supply of yarn and for unusual price
fluctuations of yarn in local markets.
The BGMEA in the letter said the
cost of production has increased by 30.10
per cent over the last eight years, although
the prices of clothing items declined 3.7
per cent last year manly because of the
fallouts of Covid-19.
The freight charge went up anywhere
from 100 per cent to 300 per cent during
the pandemic. Over the last one and a half
years, the local garment exporters have
catered to work orders accepting losses.
The BGMEA said that they are
expecting to make a profit as the
international retailers and brands have
been placing a lot of work orders.
However, high yarn prices are
becoming a major concern for them.

Global Textiles & Apparels,
Mumbai, Wednesday, 18 August 2021
V-Mart sales Q1 results
Mumbai: V-Mart Retail Ltd, has
recorded 129 per cent jump in its revenue
to ₹181.9 crore during first quarter (Q1)
of FY22 ended on June 30, 2021, against
sales of ₹79.5 crore in corresponding
period of prior fiscal. However, EBITDA
reported a loss of ₹2.0 crore, while loss
after tax for Q1 narrowed to ₹28.7 crore.
Indian Govt. announced
PLI & MITRA Schemes
Mumbai: As Production Linked
Incentive (PLI) & Mega Investment Textiles
Parks (MITRA) of Ministry of Textiles
(MoT) are taking final shape, the industry
is concerned about the condition of
incremental turnover of 25 per cent over
immediate preceding year for greenfield
(new entities) and brownfield (existing
entities in textiles) and same is 40 per cent
over base year/immediate preceding year.
The rate of incentives for both kinds
of projects will be 15 per cent to 11 per cent
and 9 per cent to 5 per cent from year 1
to 5 on incremental turnover, respectively.
With both the schemes, MoT’s focus
is primarily on manmade fibre and technical
textiles. The MoT’s officials made it clear
that PLI scheme is not for entire value
chain, but for finished products and fabric
production only.
In the recent budget, 7 mega textiles
parks were announced under MITRA
scheme, wherein these parks will be
focusing much on scale and will be having
everything from spinning and apparel to
Inland Container Depot (ICD) under one
roof, with each park expected to generate
around 1,50,000 lakh jobs.
The MoT believes that once these
parks will be fully operational, the lead
time will be reduced by 12-15 days and the
costing of garments will be reduced by up to
15-20 per cent. Special labour laws will be
another advantage of these parks. These
will be developed in 2 phases with phase 1
planned to be completed in 3 years.
The State Governments will have
major stakes in these parks. Investment in
each park will be around Rs. 10,000 crore
and per year export is expected to be Rs.
7,000 crore.
Teatum Jones partners with Liberty Fabrics
Mumbai: Teatum Jones debuted
her Re-Love | Global Womanhood 2022
collection at Copenhagen Fashion Week
as part of the Zalando Sustainability
Awardsshowcase, which included
historical stock, “imperfect and forgotten”
Liberty textiles, and damaged tailoring
fabrics from British woolen mills.
Teatum Jones said that every
care and attention goes into a new
textile creation, as per their Pillar #6 ‘A
Slower Approach to Fashion.' Nothing
happens until it's judged necessary.
Being resourceful with research and
development from earlier collections is
part of their Zero Waste objective; they
don't want anything to go to waste.
Teatum Jones worked closely with
Liberty on picking textiles from the
company's stock library, which was locked
away in their Italian warehouses due to
the epidemic.
They picked 12 deadstock fabrics,
including the Standen, Sussex, and
Ceremony Liberty designs.
ASTM proposes
New Test Method
Mumbai: American Society for
Testing and Materials, ASTM International
has been working on a standard test,
for cotton research laboratories, cotton
merchants and other regulatory bodies.
ASTM develops and publishes
technical standards for different industries,
aiming towards enhanced performance
and safety over a wide range of products,
materials, systems and services.
The specific test method – WK75782
– focuses on cotton fibres from a loose
and chemically untreated sample, taken
before harvest, during ginning, during mill
processing or unravelled from raw yarn
or fabric.
The standard can also be applied
in the forensic examination of textiles
for quality assurance and identification
purposes, since it is applicable to unravelled
fibre or yarn in a textile, as well.
Associations & Company affairs
To save waste in dye development,
sampling, and manufacturing, these
Liberty prints in fuschia, cobalt blue, and
metallic lames were collaged with Teatum
Jones' distinctive fil coupé fabric, which
was carried over from previous seasons.
They also reworked the Liberty textiles
into a patchwork mash-up of different
scales using historical autumn/winter 2018
‘Global Womanhood' deadstock silks.
Boot Barn sales Q1 results
Mumbai: Boot Barn Holdings has
reported 107.3 per cent sales jump to
$306.3 million in its first quarter (Q1) of
FY22 ended on June 27, 2021, against
same period of previous fiscal, while
increased 64.9 per cent against FY20. Net
income rose to $40.6 million compared to
loss of $0.5 million in Q1 FY21.
The Company said that its retail
stores sales for Q1 FY22 surged 140 per
cent to $265.1 million (Q1 FY21: $110.6
million), whereas e-commerce sales grew
11 per cent to $41.2 million ($37.2 million).
With higher sales during the quarter,
gross profit improved 38.0 per cent to
$116.4 million ($40.2 million). Moreover,
income from operations expanded to $53.6
million ($1.8 million), representing 17.2 per
cent of the total sales.
Cantabil Retail Q1
revenue Results
Mumbai: Cantabil Retail India
Limited, had reported 124.5 per cent
revenue growth to ₹28.7 crore in first
quarter (Q1) of FY22 ended on June 30,
2021, compared to the revenue of ₹12.8
crore in the corresponding quarter of last
year. EBITDA improved to ₹6.0 crore (₹0.5
crore), while loss after tax reduced to ₹1.5
crore (loss: ₹7.0 crore).
The Company will expand ladies
brand store network to 200 stores from
existing 165 over coming years. Cantabil
will also adopt latest technology and
best manufacturing practices to enhance
manufacturing capabilities.
www.gtanews.in
07
Kaixi Fashion to
setup unit in Dhaka
Mumbai: Kaixi Fashion Bangladesh
Co Ltd, will establish a lingerie
manufacturing unit in Dhaka Export
Processing Zone (EPZ) at an investment
of $6 million.
The new unit is expected to
produce 24 million pieces of ladies’
undergarments annually and create
employment opportunity for approximately
2,031 Bangladeshi nationals.
Executive chairman of BEPZA major
general Md Nazrul Islam witnessed the
signing ceremony between Bangladesh
Export Processing Zones Authority
(BEPZA) and Kaixi Fashion Bangladesh
Co Ltd at BEPZA Complex, Dhaka.
Member (engineering & investment
promotion-additional charge) of BEPZA
Mohammad Faruque Alam and managing
director of Kaixi Fashion Bangladesh Xiao
Hongxi signed the lease agreement on
behalf of their respective organisations.
Amazon India
launches New FC
Mumbai: Amazon India has
announced the expansion of its fulfilment
infrastructure in Tamil Nadu with the launch
of a new Fulfilment Centre (FC) and a
specialised FC in Coimbatore.
The company will also quadruple
the storage capacity of an existing FC in
Chennai. Amazon India will now have 6
FCs and storage capacity of 4.4 million
cubic feet in Tamil Nadu.
All these buildings will be ready and
operational ahead of the upcoming festive
season to support more than 50,000 sellers
in the state and generate thousands of
direct and indirect work opportunities for
locals.
The expansion in Tamil Nadu is a
part of Amazon’s plans to increase its pan-
India fulfilment network by close to 40 per
cent to provide a total storage capacity of
43 million cubic feet to its sellers, in 2021.