Daily E-Paper
MAHENG/2007/20880 Vol. 01 No. 326
ASW’s Ease of fashion Imports
Mumbai: The burgeoning
demand of the retail sector has
led to increased imports.
In the last five years imports
into India have increased by
around 82%.
Nevertheless, there still are
a large number of issues that need
attention. Be it related to customs
duty, legal documentation, lead
time, logistics, etc, fashion imports
to India have to encounter a maze
of challenges before making it to
the fashion retail market.
Apparel Sourcing Week’s
much-anticipated panel
discussion of Day 2 titled Ease
of fashion Imports – Steer your
way through logistics, banking,
customs and visa, with its well-
Punjab sets target
of Cotton Sowing
Punjab: The Punjab
state agriculture department
has started preparing for the
upcoming cotton sowing season
that normally starts by April end
and continues throughout May.
Usually time around May
15 is considered as ideal sowing
time for the crop.
The department this year
has fixed the target of cotton
sowing in 3.20 lakh hectares in
comparison to 2.83 lakh hectares
last year.
The cotton is sown in
Bathinda, Mansa, Muktsar,
Fazilka, Faridkot, Barnala,
Sangrur and Moga districts.
The agriculture department
is concerned to stop any probable
attack of pink bollworm and
whitefly on cotton crop during the
season and for that it has directed
various departments regarding
eradication of weeds from cotton
sowing areas.
Punjab Agriculture
U n i v e r s i t y ( PA U ) h a s
recommended 90 varieties
of cotton seeds and the
state agriculture department
has directed the district chief
agriculture officers to keep tab on
spurious and non-recommended
seeds brought from Gujarat.
informed line up of panellists who
are the professionals and experts
handling imports and exports,
addressed these pain points while
providing advice to manufacturers
looking at working with India on
the dos and don’ts of exporting
to the country besides touching
upon the key issues of logistics,
banking and customs.
Moderated by Neeraj
Nagpal, Customer Care
Associate-Brands, Shoppers Stop
other distinguished panellists for
this session included Naagendra
Sriniwasa, Head Supply Chain &
Sourcing, Raymonds Limited; E.S
Shankar, MD, Synergy Logistic
Limited; Md. Nasir, VP Finance,
BGMEA and MD, Evergreen
Sweaters; and Sandeep Golam,
G r o u p O p e r a t i o n - D i r e c t o r,
Armana Group.
CAIT to burn
Chinese goods
Mumbai: China’s recent
move at the United Nations for
not taking a stand on Jaish-e-
Muhammed (JeM) chief Masood
Azhar – a global terrorist — has
stirred a fresh debate among the
social media users and trade
bodies. They are urging Indians
to boycott the Chinese products
and services.
Although, this is not the
first time that China has taken
such move.
While Twitter, Facebook,
Instagram and ShareChat users
are throbbing anti-China rants,
the Confederation of All India
Traders (CAIT), which claims to
represent 70 million traders, said
its members would burn Chinese
goods on March 19 across the
country to “teach China a lesson”.
The trade body, CAIT, has
started a national campaign
among the trading community to
boycott Chinese goods.
CAIT also said it would also
rope in national organisations
of transport, consumers, small
industries, farmers, hawkers
and other sections to the
campaign. India’s imports from
the neighbouring country are
estimated to be about US $
75 billion a year, with the trade
skewed heavily in favour of China.
Mumbai, Monday, 18 March 2019
Pages 04
‘Cotton: Review of the World Situation’ Tackles Policy,
Tariffs, Innovation & Zimbabwe’s Cotton Sector
Mumbai: The March 2019
‘Cotton: Review of the World
Situation’ addresses four areas
of significant interest to the global
cotton community, including an
analysis of the 2018 US Farm
Bill on cotton support, the impact
of global tariffs on cotton trade,
the latest innovations in cotton
and textiles, and an overview of
Zimbabwe’s cotton sector.
US Farm Bill: The 2018
Farm Bill marks a significant
change in cotton farm policies,
from mostly insurance programs
to a guaranteed and enhanced
safety net and payments based on reference price, similar to the
counter-cyclical payments that
were in effect under the 2008
Farm Bill.
This change will mean a
significant increase in support to
upland cotton production.
Trade tariffs: Talks between
the USA and China are ongoing
but there is little consensus on
how things are expected to end.
The World cotton trade is
expected to expand by 3.5% in
2018/19. China — one of the
world’s top importers — is looking
for new markets to source from,
while the USA — the world’s
KPR Mills
Unit in Ethiopia Uzbekistan to strengthen
its presence in China
Tirupur: KPR Mills has
started a unit in Ethiopia to
take advantage of lower labour
cost, duty savings, and shorter
shipment time to the US and
European.
KPR joins the list of
other prominent peers such
as Raymond, Arvind, Best
Corporation and Jay Jay Mills.
All these companies feel
it will be difficult to take on the
competition from Bangladesh,
Cambodia and others, with their
made-in-India products.
So, they hope their Africa
investments would bring a new
wave of growth.
KPR has invested Rs 25
crore for a capacity of 10 million
units; it will provide employment
to nearly 1,000.
Raymond has invested
around Rs 130 crore in Ethiopia
to set up a plant with a capacity
of two million jackets, while Best
Corporation pumped in Rs 30
crore as Phase-I investment.
SCM Garments, Arvind, Jay
Jay Mills are some of the other
firms who have set shop in the
African nation in the recent years.
M o r e o v e r, l a b o u r i s
available for $60 per month
compared to $130-$150 in India
almost 50 per cent lower.
Besides the labour cost,
another big advantage is that the
Ethiopian government already
has the land and buildings readily
available.
Power, too, is cheap in
Ethiopia. Compared to 10 to 12
cents in India, Ethiopia offers
power at three cents.
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China: In its endeavour to
bolster its presence in China,
the delegation of “Uztextileprom”
association participated at the
International Exhibition of Textile
Fiber, Yarn Expo Spring 2019
in Shanghai, China. The event,
which was held from 12 to 14
March, also saw participation from
local manufacturers of apparel,
textile and knitwear industry all
across Uzbekistan. The objective
behind the active participation by
Uzbekistan in the event was to
not only increase export deliveries
to Southeast Asian countries but
also establish direct contacts with
potential clients and then finalise
contracts with them.
Alongside Yarn Expo Spring
2019, there were 4 more events
and one of the prominent ones was
largest exporter — is looking for
new markets for its fibre.
Major trade flows between
origins and destinations might
be shifting, but overall trade is
expected to increase.
Cotton and textile
innovation: Many of the new
developments introduced by
Cotton Incorporated’s Product
Development Department
revolve around sustainability and
performance, because those
characteristics are major drivers
in the textile space — and are
likely to remain front and centre
of decision-making for a while.
the Intertextile Shanghai Apparel
Fabrics – a leading exhibition of
apparel fabrics and accessories.
Besides there were InterTextile
Shanghai Home Textiles, the
exhibition of knitted clothing and
knitwear PH Value as well as
the fashion exhibition CHIC. The
textile delegation from Uzbekistan
participated in all these events and
got good response. The events
also witnessed lots of meetings
and negotiations with potential
investors wherein there were
discussions on strengthening
cooperation in garment, textile
and knitwear sector. The trade
turnover between the two
countries was US $ 6.43 billion
in 2018, out of which, US $ 2.86
billion is Uzbek exports and US $
3.55 billion is imports.
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