Global Textiles & Apparels - Daily E-Paper Global Textiles & Apparels E-PAPER - (03 August 20 | Page 6

www.gtanews.in Associations & Company affairs 06 Global Textiles & Apparels, Mumbai , 03 August 201!8 39,000 Farmers Benefitted from Jute Procurement TheraCann Launch ETCH Biotrace™ Technology New Delhi: A total of 3.46 lakh bales worth Rs. 190 crores have been procured by Jute Corporation of India (JCI) during the last two years benefitting around 39,000 farmers.Rs.100 crores have been approved for 2018-19 and 2019-20 for procurement operations by JCI. THe Government of India had sanctioned Rs. 204 crores for four years starting 2014-15 to enable JCI to be in readiness for MSP operations. Whenever the market price of raw jute falls below a certain level, the JCI procures raw jute at Minimum Support Price (MSP), fixed on the basis of recommendation of the commission for Agricultural Cost and Prices (CACP) from jute growers to safeguard their interest. The Government imposed Definitive Anti-Dumping Duty in January, 2017 on jute goods originating from Bangladesh and Nepal. Based on the current level of imports, the Industry has estimated that this has created scope for upto 2 lakh MT of additional demand for jute goods to be met by the Indian jute industry and has helped in reopening of 10 closed jute mills in Andhra Pradesh resulting in employment to about 25,000 workers. Government of India is implementing Incentive Scheme for Acquisition of Plants and Machinery (ISAPM) for Jute Industry and Jute Diversified Products Manufacturing Units. The basic aim of this scheme is to facilitate modernization in existing and new jute mills and up- gradation State 2017-18 2018-19 (till June, 2018) A.P. 41.7 8.7 U.P. 5.7 1.3 Odisha 6.5 2.9 Assam 9.3 3.1 Chhattisgarh 10.1 3.1 Tripura - 0.1 West Bengal 1104.8 266.5 Total 1178.1 285.7 of technology in existing jute mills and to provide assistance to a large number of entrepreneurs to manufacture value added bio-degradable jute diversified products (JDP) as well as for modernization and up-gradation of technology. An amount of Rs. 37.40 crore has been disbursed to the jute mills during the last four years for modernizing the machinery. Jute-ICARE (Jute: Improved Cultivation and Advanced Retting Exercise), a pilot project launched in 2015 is aimed at addressing the difficulties faced by the jute cultivators by providing them certified seeds at subsidized rates, seed drills to facilitate line sowing, nail- weeders to carry out periodic weeding and by popularising several newly developed retting technologies under water limiting conditions. This has resulted in increased returns to jute farmers. An amount of Rs. 22.75 crore has been incurred during last three years which has benefitted around 1.83 lakh farmers. To ensure consistent demand for jute mills, under the Jute Packaging Materials (Compulsory Use in Packing Commodities) [JPM Act], 1987, Government specifies the commodities and the extent to which they are mandatorily required to be packed in Jute Packaging Materials. At present, a minimum of 90% of food grains and a minimum of 20% of sugar are to be compulsorily packed in jute sacking. On an average, the annual Government procurement of jute bags is 7.5 lakh metric tonnes and an expenditure of Rs. 6500 crore is incurred by the Government for the purpose of JPM Act. Year Import Export Value Value 2015-16 1257 1892 2016-17 931 2074 2017-18 1169 2159 (In ‘000 Metric Tonnes) (Rs. in Crores) Odisha: Odisha based doctor-turned- fashion designer Kumar Guru Mishra launched his apparel brand ‘G’ during Mayfair Convention held in Bhubaneswar. The brand promotes and vouches for Indian handloom. The brand’s latest collection “Chitraa Assemblage”, inspired from the age-old art of Odisha “Pattachitra”, was also unveiled during the event. The collection was specifically crafted keeping in mind the changing tastes of people and the people present appreciated the concept. Odisha Doctor turned Fashion Designer Inditex to start home pickup of used garments China: Inditex will start at-home pick up service in China for recycling garments. Inditex’ at-home pick up service for collecting used clothes will start this September and will initially be available in Beijing and Shanghai. Inditex has collected over 25,000 tonnes of garments from 21 markets till now. Also, the recycled textiles along with the sustainable raw materials were used in manufacturing of more than 73.6 million garments for Zara and Massimo Dutti’s ‘Join Life’ and Oysho’s ‘We are the change’ Welspun India Q1 results Mumbai: Welspun India, the flagship company of US $ 2.3 billion Welspun Group, has announced its consolidated financial results for the first quarter ended June 30, 2018. During the period under review, the home textile supplier reported just 2 per cent increase in its net profit to Rs 127 crore as compared to net profit of Rs 124 crore in the corresponding period last year. The total income during the first quarter of the current financial year increased 25 per cent year on year basis to Rs. 20,234 million. Despite a disappointing first quarter, Welspun is hopeful of good results in the year ahead. This is evident from the strong order booking during the quarter. It also expects acceleration in international demand towards the end of FY 2018. Welspun is amongst the largest home textile manufacturers in the world and caters to top retail stores across 50 countries and largest exporter of home textile products from India. collections in 2017. The company has planned further development on this project and has coordinated with MIT International Science and Technology Initiatives (MISTI), part of Massachusetts Institute of Technology (MIT) for enhancing the process of recycling of used textiles and creation of new fibers using clean technology. Also, new projects for the separation and subsequent recycling of process have been developed by the university of Vigo, the Basque region and Granada and the Polytechnic School of Valencia. These projects will be funded by MIT-Spain Inditex Sustainability Seed Fund. Another step decided by the company is deployment of RFID technology in its all group brands by 2020. Indya’s store in Mumbai Mumbai: Mumbai has become latest location in the country to host offline store of the Indya – the ethno-fusion brand of the High Street Essentials Pvt. Ltd. The first exclusive offline store of the brand in Mumbai inaugurated on July 30 is housed at Phoenix Market City in Kurla. Overall, Mumbai store is the ninth offline outlet of the brand in the country. Before Mumbai, Indya had its 8 Exclusive Brand Outlets in Delhi, Chennai, Bangalore, and Ludhiana. Additionally, it also sells from 55 retail touch points across the country. A contemporary range of skirts, peplum tops, crop tops, tunics, and palazzos have been stocked at the store which spans across 730 square feet area. The brand which has allocated a budget of Rs. 6 crore for its offline expansion is planning to increase its store count to 30 in the country by the end of this fiscal year. Panama: TheraCann International Benchmark Corporation (“TheraCann”) had announced the launch of their breakthrough ETCH biotrace™ technology. The molecular “tag and trace” system will be included with TheraCann’s BenchmarkSOLUTION of licensing, project management, security, cultivation, and analysis services. TheraCann’s ETCH biotrace™ platform is poised to further refine and transform the cannabis regulatory environment by adding capabilities that allow for the forensic tracking of cannabis and cannabis derivatives across the supply chain. Whether it is introduced at the cultivator, processor or manufacturer level, ETCH biotrace links a unique molecular tag to the cannabis plant that will survive conversion or extraction. Using a simple hand-held device, molecular testing can be performed at any point in the supply chain to verify compliance. The technology also has the potential to drive a sea change in the way brands catalog, manage and track their intellectual property. The rapid global adoption of cannabis legislation has accelerated the need to secure and truly validate cannabis supply chains from seed-to- sale. Current systems, many of which rely on RFID or bar code technologies, are capable of accurately tacking cannabis supply chains through the cultivation stage but cannot forensically track cannabis and/ or cannabis derivative products back to a specific source once the physical tags and packaging are removed. TheraCann’s ETCH biotrace technology is currently in beta testing with multiple cultivators and will be available to clients, regulatory bodies and cannabis brands in legal municipalities throughout the world. USA: Aland, the brand has launched its flagship at Williamsburg, Brooklyn. Offering products for age group 35 and under, the brand exhibits an exquisite assortment of contemporary merchandises in the categories of men’s and women’s clothing, beauty, accessories, and home furnishing items. The entrance of the store is marked by the exhibition of Korean serums, sheet masks and moisturizers. The entrance extends into the accessories department which displays emblazoned socks, fanny packs, and bucket hats. On the upper floor are the womenswear and menswear sections, highlighting various designs on the blurre d lines of the gender code norm. Thus, allowing the consumers to shop from both men and women collections. Aland flagship store in Brooklyn Uniqlo Japan July Sales declined Japan: The online sales in July 2018 at Uniqlo Japan, part of the Fast Retailing Group has decreased by 0.3 percent year on year. The Company said that the sales at the company-owned stores also decreased by 1.9 percent, while total sales including online sales was steady year on year. The company added that despite the unprecedented torrential rains in the first half of the month, subsequent hot weather resulted in strong sales of summer items in July. Uniqlo Japan had to temporarily close approximately 80 stores due to damage caused by the torrential rains in the early part of July. The company further added that one of those weather-afflicted stores was removed from the same-store total before the month's data were calculated because it was unable to operate for over a week. Myntra partners with WebEngage Mumbai: Myntra has decided to make use of the services provided by WebEngage, a Marketing Automation platform to power their user engagement strategy. Myntra will be provided with the technological guidance that is required to boost their on-site user engagement, build personalised brand experiences at a major scale as well as strengthen the user retention strategy. Myntra finally selected WebEngage’s full stack Marketing cloud platform after looking at various options in the market. The platform will help them automate their user intelligently and create a positive increment in conversions. With the help of this platform, marketers can easily use their business data to create highly effective campaigns run through multiple channels like Email, SMS, Web & Mobile Push, In-App & Browser Messages etc. It includes features like Journey Designer which allows visualisation and creates a complex and powerful lifecycle marketing campaigns for different user segments. Do U Want..... * To receive Global Textiles & Apparels by E-mail * To get more detailed report in your sphere of activity * To get additional Statistics * To get SMS AlertS * To Sell or Buy * To appoint Executives or recruit Staff Address all correspondence to: RAHUL VINOD SOOD Global Textiles & Apparels 69, Bhagya, Rashmi Park Bungalow Complex , Dhumaal Nagar Valiv Vasai Rd, Vasai East, Thane 401208 - (0) 9834710185 - 9923581468 - [email protected], [email protected]