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IBTEX No. 057 of 2013 APRIL 05, 2013 DISCLAIMER: The information in this message may be privileged. If you have received it by mistake please notify "the sender" by return e-mail and delete the message from "your system". Any unauthorized use or dissemination of this message in whole or in part is strictly prohibited. Any "information" in this message that does not relate to "official business" shall be understood to be neither given nor endorsed by TEXPROCIL - The Cotton Textiles Export Promotion Council. Page 1 NEWS CLIPPINGS INTERNATIONAL NEWS No Topics 1 Cotton Fiber & Yarn Price Comparison: China vs. India and Pakistan 2 Pakistan: Textile industry settles tax issues with FBR 3 Pakistan: 'Need to enhance bilateral trade between Saarc states' 4 Australia to produce 4.15 mn bales of cotton this season 5 Germany: Functional fabrics fair ‘Performance Days' from May 15 6 Germany: Bremen cotton shows good turnover amid firm quotes 7 USA: Precision Textile offers accurate color viewing solution 8 USA: BERNINA to host ‘Fabric Design Contest’ on April 22 9 USA: 24kt gold textile may become new luxury very soon 10 Brazilian cotton prices maintain upward trend in March 11 Turkmen President asks observance of cotton farming rules NATIONAL NEWS 1 Amnesty, sops of Rs 3,000 cr in Foreign Trade Policy 2 Stop cotton exports 3 RMG exporters seek increase in duty drawback rates 4 AIEC seeks extension of 2% interest subvention facility 5 Indian govt denotifies Welspun’s textile & apparel SEZ 6 InFashion highlights importance of branding 7 'Textile machinery exports increase on lack of domestic demand'

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Page 1: NEWS CLIPPINGS - Exporthepcindia.com/download/IBTEX05042013.pdf · A J Textile Mill Ltd, Tribal Textile Mills Ltd, Sally Textile Mills Ltd, Rawal Textile Mills, Qureshi Textile Mills

IBTEX No. 057 of 2013 APRIL 05, 2013

DISCLAIMER: The information in this message may be privileged. If you have received it by mistake please notify

"the sender" by return e-mail and delete the message from "your system". Any unauthorized use or dissemination of

this message in whole or in part is strictly prohibited. Any "information" in this message that does not relate to

"official business" shall be understood to be neither given nor endorsed by TEXPROCIL - The Cotton Textiles

Export Promotion Council. Page 1

2

NEWS CLIPPINGS

INTERNATIONAL NEWS

No Topics

1 Cotton Fiber & Yarn Price Comparison: China vs. India and Pakistan

2 Pakistan: Textile industry settles tax issues with FBR

3 Pakistan: 'Need to enhance bilateral trade between Saarc states'

4 Australia to produce 4.15 mn bales of cotton this season

5 Germany: Functional fabrics fair ‘Performance Days' from May 15

6 Germany: Bremen cotton shows good turnover amid firm quotes

7 USA: Precision Textile offers accurate color viewing solution

8 USA: BERNINA to host ‘Fabric Design Contest’ on April 22

9 USA: 24kt gold textile may become new luxury very soon

10 Brazilian cotton prices maintain upward trend in March

11 Turkmen President asks observance of cotton farming rules

NATIONAL NEWS

1 Amnesty, sops of Rs 3,000 cr in Foreign Trade Policy

2 Stop cotton exports

3 RMG exporters seek increase in duty drawback rates

4 AIEC seeks extension of 2% interest subvention facility

5 Indian govt denotifies Welspun’s textile & apparel SEZ

6 InFashion highlights importance of branding

7 'Textile machinery exports increase on lack of domestic demand'

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INTERNATIONAL NEWS

Cotton Fiber & Yarn Price Comparison: China vs. India and Pakistan

Cotton yarn prices slightly increased in the past month in India and Pakistan, compared with a surge of cotton fiber prices. Margins of spinners are however still higher in both countries than in China, as reflected by our statistical analysis. Our monthly report compares cotton fiber and cotton yarn prices in China, India and Pakistan, with latest margin trends at domestic yarn plants. Historical data back to 2007 are available for download.

Cotton yarn prices rose in India and Pakistan in March, while remaining stable in China.

Average price of our benchmark 30s cotton yarn gained 1.5% in Pakistan, and even 3.8% in India.

Benchmark 32s carded price only rose 0.7% in China.

Surging material costs, falling margins

Cotton prices surged in the meantime in India and Pakistan, respectively climbing 9.3% and 8%.

As a result, gross margin of spinners fell in both countries, and especially in India where profits of the yarn industry had rather impressively increased in past months.

In India and Pakistan, cotton yarn prices are now 21% and 18% higher than a year earlier.

Higher prices and lower margins in China

However, they are still much cheaper than in China. If Chinese spinners have higher prices, they also get much smaller margins than Indian and Pakistani competitors, by contrast.

This is only reflecting the weaker position of Chinese yarn makers, confronted with a low level in demand and extremely high raw material costs.

Cotton prices were maintained at artificially high levels by Chinese state buying.

The gap between cotton yarn prices in China and in other countries is far from disappearing, meaning that China's yarn imports will stay at a high level in coming period.

HOME

(Source: Emerging Textiles – April 04, 2013 )

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Textile industry settles tax issues with FBR

LAHORE: The textile industry has settled the tax issue with the Federal Board of Revenue (FBR) after paying Rs4 billion in tax liabilities for the last two years following the implementation of SRO 154.

Two years ago, an SRO was introduced by the FBR in which the export industry of the textile sector was zero rated and five percent sales tax was imposed on locally consumed textile. The FBR then unearthed a sales tax scam.

The textile sector was accused of evading Rs500 billion in taxes. The FBR registered FIRs against the culprits, who reportedly evaded billions in taxes.

A new SRO 179 has been introduced for the textile sector in which two percent sales tax has been imposed on the entire textile sector. The FBR will pay the refund 30 days after submission of claims by exporters, announced acting chairman All Pakistan Textile Mills Association (Aptma) Wasal Manoo and group leader Gohar Ijaz in a press conference here on Tuesday.

Initially, a joint press conference was planned by Aptma with the Chairman FBR Ali Arshad Hakeem.

However, he could not attend. Instead, he called Hakeem on the phone and asked him to convey a message to the media.

Hakeem said that the FBR discovered tax evasion with the help of technology and asked the textile sector to pay its liabilities.

He further said that the industry had paid the dues and this in turn had given the FBR the confidence to collect tax from other defaulting industries.

Hakeem said that the Board did not want to create scandals tarnish the image of Pakistani industries image abroad. It simply wants the private sector to pay due taxes to the Board, he said.

Ijaz blamed the FBR and the processing sector of the textile industry for the scam. He said the spinning sector sold its produce to firms that were sales tax

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registered with the Federal Board of Revenue and with the banking industry with operational bank accounts.

If there is a flaw in that system, the spinning sector is not responsible for it, he said.

As part of corporate social responsibility, the textile industry paid taxes to the FBR. He said 95 per cent of the industry had paid taxes to the Federal Board of Revenue while the board had given a two week extension for the remaining five percent for payment.

Ijaz also said that if the FBR does not ensure timely payment of the refund on two percent sales tax then the industry will approach the Board to do away with this tax and impose a tax on retail sales. He said the production industry should not be liable for sales tax rather it should be paid by the consumers.

17 textile units make part payment

Seventeen of the 50 top sales taxpayers of the textile sector have paid partial payments of the outstanding dues worth around Rs1.583 billion under the amnesty scheme of the Federal Board of Revenue (FBR).

According to the official list of sales tax defaulters, AL-Hamd Garments lead the sector as it owes Rs170.789 million, followed by Younis and Associates, Rs111.271 million; and Rida Cloth, Rs 96.512 million.

Other textile sector defaulter companies include Gatron Industries Ltd, M Usman Cotton Factory (Pvt) Ltd, Siddiqsons Ltd, S M Textile Industries, Mehmood Ahmad Weaving Factory, Zeenat Impex, H A Textiles, Naseem Textiles, Kh Muzafar Mahmod M Masod, Amin Textile Mills, S S Traders, Babri Cotton Mills, Pakeeza Traders, Kohat Textile Mills, Hamza Apparal, Khawaja Bashir Ahmad & Co, Ahmad Cotton Industries, SMH Textile Industries, ACRO Spinning & Weaving Mills Limited, Gulistan Weaving Mills, Margalla Industries, A I Garmmats, Ammar Textiles, Dewan Mushtaq Textile Mills Limited, Kanwal Cotton Ginners and Oil Mills, Hamza Import & Export, Apollo Textile Mills Limited, National Tent, Elite Clothing Company, New Global Packages, High Fashion Textile, Sarhad Textile Mills Limited, Abdul Suboor Textiles, N P Spinning Mills Limited and Al-Basit Cotton Ginners.

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The top 50 textile industries who paid their all dues payable to the FBR under the amnesty scheme are Alhamd Corporation (Pvt) Ltd, Fazal Cloth Mills Limited, Colony Mills Limited, N P Cotton Mills Ltd, Thal Limited, Diamond International Corporation Limited, Ashiana Cotton Products Limited, Gadoon Textile Mills Ltd, Olympia Blended Fibre Mills Ltd, Saif Textile Mills Ltd, Saritow Spinning Mills Limited, Shahzad Textile Mills Limited, Kohinoor Textile Mills Limited, Jamhoor Textile Mills Limited, The Lahore Textile And General Mills Limited, Margalla Textile Mills Ltd, Salam’s International, Sefam (Pvt) Ltd, Kohat Textile Mills, Ellcot Spinning Mills Ltd, Chakwal Spinning Mills Limited, A J Textile Mill Ltd, Tribal Textile Mills Ltd, Sally Textile Mills Ltd, Rawal Textile Mills, Qureshi Textile Mills Limited, Kohinoor Spinning Mills Limited, Monnoo Industries Limited, Nishat Mills Limited, A T S Synthetic (Pvt.) Limited, Acro Spinning & Weaving Mills Limited, Hassan Limited, Shafi Spinning Mills Ltd, Sarhad Textile Mills Limited, Suraj Cotton Mills Limited, Chakwal Textile Mills Limited, M S Reshma Tex limited, Prosperity Weaving Mills Limited, Acro Textile Mills Limited, Anoud Textile Mills Limited, Khaadi, Taxila Cotton Mills Limited. Taqees (Pvt) Ltd, Nishat Linen (Private) Limited, DS Textiles Ltd, Chiniot Textile Mills Ltd, Asim Textile Mills Limited, Sheikhupura Textile Mills Ltd, Idrees Textile Mills Ltd, and Makkah Enterprises.

HOME

(Source: www.thenews.com.pk– April 03, 2013 )

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'Need to enhance bilateral trade between Saarc states'

Former Advisor to Prime Minister on Textile and Chairman Baig Group, Dr Mirza Ikhtiar Baig has said that with the annual 20 per cent increase of the manufacturing cost and wages in China, China will be uncompetitive in exports of garments in next 3 to 4 years leaving a huge pie of more than $200 billion per annum for countries like Pakistan, India, Sri Lanka, Bangladesh in our region likewise Japan and Korea who eventually switched from textile to high tech industries. Speaker at South Asia Strategic Leadership Summit 2013 held in Karachi to find ways and means to improve economic, social and political relationship among the regional countries, he explained that there was the time when China was the biggest competitor of Pakistan in cotton yarn and today China is the biggest buyer of Pakistan cotton yarn, similarly now China is also buying denim and grey fabric for manufacturing garments from Pakistan.

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Dr Baig suggested the regional textile players to enhance their economy of scale and production capacities in value added textile sector to get the fair share of the Chinese market. He emphasised the need to enhance regional trade particularly in textile sector for which there a exist great potential. He said that the world's most successful trade model is the regional trade. NAFTA have more than 60 per cent trade among their member countries, European Union 53 per cent and Asean 26 per cent whereas our South Asian Block Saarc only have 5 per cent trade among our Saarc region countries.

Baig informed that the leading corporate leaders of South Asia we should stop considering each other competitors, rather we should join hands for resource mobilisation and joint use of our marketing networks. He congratulated the organisers of Nutshell Forum for arranging the Summit which will be truly instrumental to enhance bilateral trade and investment between our regional countries.-PR

HOME

(Source: Brecorder– April 05, 2013 )

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Australia to produce 4.15 mn bales of cotton this season

The cotton growers of Australia are likely to produce 4.15 million bales of 217 kg each by the end of this fiscal year, which ends on June 30, 2013.

According to Cotton Australia, a leading body for Australia’s cotton industry, there will be a decline of 20 percent in the cotton harvest this year compared to last year, when the country produced its largest quantity on record.

In a conversation with fibre2fashion, CEO of Cotton Australia, Mr. Adam Kay said, “The biggest challenges to Australian cotton currently are the high value of

the Australian dollar on world currency markets; access to water, which is strictly monitored and controlled by regulatory authorities; the cost of energy, which continues to rise year-on-year; and the potential negative impacts of mining and coal seam gas extraction operations.”

“However, the industry is meeting these challenges and, we would argue, coming out on top,” he opines.

In the fiscal year 2011-12, Australian Cotton Growers produced the highest quality upland cotton in the world and 85 percent of the country’s cotton crop met the base grade of ‘middling’ with only 15 percent at grades below middling (middling refers to 31 colour; 3 leaf; 1.13 staple; 3.5 – 4.5 NCL micronaire).

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According to Mr. Kay, demand for Australian cotton is strong despite the high Australian dollar, because of its excellent quality. “Cotton growers in Australia are the most water-efficient in the world, and our industry has achieved a 40 percent increase in water productivity over the past decade,” he continues.

“In addition, Cotton Australia has a strong advocacy platform and is actively working to keep the cost of energy down, and prevent potential negative impacts from mining operations,” he informs.

Australia exports 99 percent of its cotton crop and 70 percent of it is exported to China.

The production and export of cotton depends on a number of factors, including demand from countries that produce as well as consume cotton, such as China and the United States, seasonal and climatic conditions, regulatory and economic environments, etc.

Mr. Kay is of the view that “Australia may never be the world’s largest cotton exporter, but we lay claim to being the most efficient producer with the highest quality cotton.”

HOME

(Source Fibre2fashion, Apr 04, 2013)

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Functional fabrics fair ‘Performance Days' from May 15

There is something to celebrate in May 2013 - the most important trade fair for functional fabrics, PERFORMANCE DAYS is celebrating its 10th edition! On such an occasion, it should come as no surprise that once again, a range of improvements and superlatives awaits you at this innovative trade fair. The visitors on May 15-16, 2013 can expect more exhibits, more space, and a super agenda that includes a celebration party!

PERFORMANCE DAYS is a major trade fair for functional fabrics and materials and has established itself as the absolute ‘must-attend’ event within the industry that no product manager or designer in the area of sportswear, workwear and activewear should miss. The steady increase in the numbers of exhibitors and visitors demonstrates the growing interest in this trade fair, which got a further boost from the decision two seasons ago to concentrate on the single location, Munich. Never before has the calendar for May been booked out as early as it was this year - more exhibitors than ever before are already registered. Because of these record-setting 91 exhibitors, the entire Hall 4 of the MTC will be opened to provide attractive, new exhibit space assignments.

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Four exhibit halls: More space, interesting side-events

In addition to the redesigned exhibit stands with indirect lighting behind luxurious textile walls, each of the four halls provides an attractive anchor point, ideal for exciting discussions in a relaxed atmosphere.

Visitors begin their tour in Hall 1 at the check-in counter and lounge area, where they can browse the catalog and read the PERFORMANCE NEWS to get ready for the day's events. Interesting expert presentations and panel discussions will take place in Hall 2, while Munich's International School of Fashion ESMOD performs a parallel presentation of its student creations and shines a new light on the sporty new designs in this exciting field of fashion.

In Hall 3, you will find not only the usual excellent catering, but also the 4x7 meter Carrera slot car race track for action between business appointments. It accommodates up to four cars at once, with lap times are electronically measured, and the winner taking the PERFORMANCE DAYS CUP. The hit: The races are even broadcast over a beamer. In the future, the new Hall 4 will be home to the PERFORMANCE FORUM, another highlight of the trade show, which shows the major functional trends and presents the winner of the PERFORMANCE AWARDS, chosen for most outstanding innovation at the trade fair.

The Exhibitors: Functional fabrics from every textile nation

It doesn't get any more international than in the upcoming round, with exhibitors expected from 17 countries from all four corners of the world. 55.5% of the companies are based in Europe (12 countries), and 44.6 % are coming from Asia (5 countries) — from Taiwan and Japan in the East, to Portugal and UK in the west, Sweden and Norway to the North, and Spain and Turkey to the South — all of the major textile nations are represented.

The list of exhibitors is just as impressive: Well-known companies like Advansa, Amaterrace, Carvico, Eurojersey, Ho Yu Textile, Kolon Fashion Materials, M.AR.C, Madeira, Pantera, Pepwing, Pertex, Pontetorto, PrimaLoft, Saeron, Schoeller, Sitip, Solis, YKK, and others present their new ideas side by side with some new names like Artex, Asiatic Fiber, DyStar, Eastern Linkage, Frizza, Heliotextil, Hwang Yih Textile, J&B Textile & Garments, Ji Hyung, LOXY/Sto-Nor, Men-Chuen Fibre, Oversea Textile Services, Serates, Seripress, Sportwear Argentona, Taihan Textile, Termoformati Italy, Thygesen & Birk Fabrics, Wasa Sweden, and Wei Rong.

About PERFORMANCE DAYS

The PERFORMANCE DAYS "functional fabrics fair” was launched by textile trader Weichert Agencies in 2008. It is the first and only trade fair created as a special platform for functional fabrics, yarns, finishes, and accessories for sport- and workwear sectors. PERFORMANCE DAYS has become a semi-annual event

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that gives high quality and innovative textile manufacturers and suppliers a direct presence in a major center of the European sportswear industry.

The workshop is a platform to showcase new fabrics and innovations and to develop business relationships. Presently, the exhibition appears in Munich. Starting in April 2012, it will also be accessible 365 days per year as a brand new, virtual trade fair in the Internet.

HOME

(Source Fibre2fashion, Apr 04, 2013)

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Bremen cotton shows good turnover amid firm quotes

The reported week experienced a vivid demand at unchanged firm quotations and a still weak Euro. Despite a reduced number of working days, a good turnover was registered especially in the long- and extra-long staple range.

Sales for near dates respectively the 2nd quarter prevailed, but some contracts were even closed for 2014.

The following contracts were closed:

Medium staple cotton: Cotton from Greece, Spain and West Africa was ordered for prompt delivery. Central Asian and West African descriptions were sold for the 2nd and 3rd quarter 2013.

Long- and extra-long staple cotton: Egyptian Giza 86 and Giza 88, Israel Acala rgd., California Acala rgd., Israel Acalpi and Sudan Barakat for the 2nd quarter 2013. USPima for prompt. Moreover US-Pima and Israel Pima for the 2nd and 3rd quarter 2013 as well as for the 1st quarter 2014.

HOME

(Source Fibre2fashion, Apr 04, 2013)

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Precision Textile offers accurate color viewing solution

Fashion designers and colorists can finally enjoy accurate color viewing as they review Spring 2014 trend intelligence on Precision Textile Color's website.

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When designing any product, knowing what colors to use is a critical first step. Color is the element that can inspire, define and create the magic and the mood that sparks and ignites sales. Viewing precise color during the process and understanding how the color will appear under different lighting environments is extremely helpful.

However, viewing accurate color on a computer monitor or mobile devices has been a daunting challenge. This is because color is displayed through digital RGB values, often with no connection to the actual color of the object in real life environments such as an office, home or a restaurant, for example.

Sophicolor.com now offers accurate color viewing solution

As an innovative solution, Sophicolor.com has recorded and stored in a database the actual color measurements of a collection of colors under a myriad of different lighting environments. A visitor to the website can experiment with a color to see the how that color will appear in various situations, creating the first web-based accurate color viewing experience. Behind the scene, it is all made possible through ChromaShare internet based color management technology.

Accurate Color Trend Forecast

Precision Textile Color enlisted the trend forum Hall Five to provide Spring 2014 trend intelligence for their fashion clients, making this information viewable by the public via the first ever accurate color viewing experience online. Designers and color enthusiasts can now view Sophicolor Collections Spring 2014 trend report with the ability to change illuminant, monitor profile and basic format of colors and images.

About Precision Textile Color

Precision Textile Color is a textile color standard and service provider established in 2005. We specialize in working with designers and colorists to get the right color for seasonal palettes or stories. We offer a range of color services for the designer and reaching all the way to production with our online vendor color standard ordering service.

Color standard swatches are available in variety of ways: through our Sophicolor Collections of 4500 ready to use swatches, additional archives of library colors and by custom dyeing colors to your specification.

HOME

(Source Fibre2fashion, Apr 04, 2013)

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BERNINA to host ‘Fabric Design Contest’ on April 22

BERNINA of America, the world's premier manufacturer of sewing, embroidery and quilting machines, is pleased to announce its Fabric Design Contest on Pinterest through April 22.

Grand prize is a BERNINA 710 machine, a 10-yard custom run of the winning design, an introduction to quilting fabrics manufacturer Benartex to review it, and a feature on the WeAllSew blog. Runner-up prizes will also be awarded, including two Pinterest People's Choice Winners.

Entries must be original fabric design "swatches," 12-by-12 inches in area, uploaded and "pinned" to Pinterest with the description, "BERNINA & WeAllSew Fabric Design Contest." They also must be linked to WeAllSew through a post in the comments section. The WeAllSew post is the only way BERNINA will receive contest entries.

Up to 10 entries per person are allowed, but anyone who has had fabric designs published, or is considered an amateur or professional designer, is ineligible. Hand or computer techniques, or a combination, are welcome.

Winners will be picked based on originality, creativity, visual appeal and versatility by BERNINA's celebrity judges: Amanda Murphy, Tula Pink, Mimi Goodwin, Vanessa Christenson and Angie Steveson.

First Runner Up will receive a 5-yard custom run of the winning design, an introduction to Benartex to review it, a feature on WeAllSew and a fabric giveaway. The 2nd Runner Up will win a copy of A Field Guild to Fabric Design by Kimberly Kight, a BERNINA Tote and fabrics from Benartex. Additionally, all winners will receive three patterns from Lunch Box Quilts.

People's Choice Winners will be selected by the number of "repins" made on the official WeAllSew board on Pinterest. Participants are encouraged to seek their family and friends' help in this part of the contest. The prize is a copy of A Field Guild to Fabric Design.

The BERNINA 710 is among the new 7 Series line of sewing, quilting and embroidery machines that also features the BERNINA 780 E (Embroidery) and BERNINA 750 QE (Quilter's Edition).

Each 7 Series machine includes an extended freearm area with 10 inches of space to the right of the needle and a practical extension table with ample space to hold larger sewing projects. The 7 Series is also equipped with a color touchscreen and the integrated BERNINA Dual Feed, which tames hard-to-manage and fine fabrics.

WeAllSew offers a place for sewers, embroiderers and quilters to connect with blog contributors and sewing experts. Readers will also find tutorials, easy step-

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by-step instructions, new product information and inspirational ideas, including ways to help those in need.

About BERNINA

Founded in Switzerland more than 100 years ago, BERNINA is the world's premier manufacturer with a proven reputation for offering state-of-the-art sewing and embroidery systems, sergers and embroidery software.

HOME

(Source Fibre2fashion, Apr 04, 2013)

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24kt gold textile may become new luxury very soon

Until now, people have heard of 24 karat gold ornaments, which are very popular in countries like India. In some Asian countries, there are traditional costumes that have a gold thread woven in it or have golden borders. These are generally worn during special occasions and ceremonies.

But with the advent of Precious Surface technology, affluent people can look forward to have their complete outfit made of gold. A breakthrough has been achieved on this new technology by New York-based Mi Piaci, which has developed 24 karat gold nanotechnology infused into various textiles and fibers including leather, silk and fur.

Speaking to fibre2fashion, managing director of Mi Piaci, Ms. Mackenize Valk said, “We have developed the world's first 24kt gold nanotechnology, which has been named Precious Surface technology. This revolutionary technology allows for the infusion of 24kt gold into leathers, silks, furs, and other various textiles and fibers.”

The process begins directly from the gold bullion slabs. The atom of gold blends with the surface of the leather, silk or fur surface leaving the textile of the material unaltered and gold becomes fluffy like fur, smooth like leather and soft like silk.

According to Ms. Valk, the Precious Surface technology is significant because unlike topical treatments such as gold leaf or gold foil, Mi Piaci is actually able to adhere 24kt gold to fibers on a molecular level.

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When asked about the targeted market for 24 karat gold products, Ms. Valk says, “Our main focus will be to develop the brand in the US market and we feel that our products will appeal to customers in China, Japan, India, Saudi Arabia, Russia and Italy.”

HOME

(Source Fibre2fashion, Apr 04, 2013)

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Brazilian cotton prices maintain upward trend in March

In March, cotton prices kept the upward trend in the domestic market, opposite to the international scenario. In Brazil, the industry continued to operate, in an attempt to anticipate purchases before the off-season peak in the Cerrado region. In the international market, quotes show that the demand has not absorbed these increases.

In Brazil, despite successive price rises, quotes may still increase in the mid-term. In the accumulated of 2013, prices have already upped 34.1%, while in the same period last year, the increase was only 2.3%. Players expect quotes to keep the upward trend. The industry, in general, continues interested in the high-quality cotton, but its availability was low in late March. Some purchasers wanted to close trades to deliver during the harvesting, because they needed the high-quality product and feared that competition will be fierce at the beginning of the new crop.

Cotton growers, on the other hand, remained focused on the soybean trades and were unwilling to trade cotton. When they operated, they asked above-average prices.

Besides the soybean trades, producers were focused on agricultural practices in cotton crops, which were in good conditions, in general, at the end of the month. The dry weather affected crops in northern Minas Gerais State and, in Barreiras (Bahia State), besides the dry weather, caterpillars were attacking crops.

Logistics also affected trades in late March. Players have not been able to find trucks available to transport cotton, because truckers were prioritizing soybean transports.

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In March, the CEPEA/ESALQ Index for cotton type 41-4 (delivered in São Paulo City, 8-day payment) picked up 13.86%, averaging 2.1694 reais (1.0728 dollar) per pound on March 28.

HOME

(Source Fibre2fashion, Apr 04, 2013)

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Turkmen President asks observance of cotton farming rules

Calling attention of several regional administration heads towards slow pace of cotton sowing in the country, Turkmenistan President Gurbanguly Berdymuhamedov has asked them to strictly ensure observance of all the farming rules and agronomic standards while undertaking cotton cultivation, en.trend.az reported.

Cotton cultivation kicked off on 550,000 hectares in the country during late March. In view of the soil and weather conditions, cultivation of pricey fine-fibre cotton would be undertaken only in the Mary and Akhal velayats’ provinces of the country.

Speaking at a meeting, Mr. Berdymuhamedov pointed at the reduced rate of cotton sowing and below standard production of agricultural machinery, mainly in Tejen etraps and Altyn Asyr districts of Akhal velayat province, Mary and Altyn Sahra atraps of Mary velayat and Birat etrap and Seydi town of Lebap velayat’s serdarabat etrap.

He said it is only through strict observance of farming rules and agronomic standards that they can create a strong base for future cultivation of cotton.

Cotton is the key input for Turkmenistan’s burgeoning textile industry which has 36 cotton mills.

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Last year, the country harvested around 1.235 million tons of cotton, up 12.6 percent year-on-year.

Turkmenistan exports raw cotton to Ukraine, Russia, South Korea, China, Turkey, Britain, Indonesia, Iran, Singapore and the Baltic countries.

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(Source Fibre2fashion, Apr 04, 2013)

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NATIONAL NEWS

Amnesty, sops of Rs 3,000 cr in Foreign Trade Policy

The Foreign Trade Policy (FTP) may announce incentives of about Rs 3,000 crore, including an amnesty scheme for traders who have defaulted on their export obligation. Sectors such as engineering and textiles are likely to be the focus of the annual supplement to the FTP 2009-14, which will be unveiled on April 18.

Incentives for incremental exports over the previous year, rationalisation of the Export Promotion Capital Goods (EPCG) Scheme, extension of interest subvention, settlement of interest subsidy dues, incentives for Jammu & Kashmir and green products are also on the cards.

“There will be some major announcements involving policy decisions as well as easing of procedures… For people who have defaulted on their export obligation there can be one-time amnesty. You clear your dues in one go by a particular date and no action would be taken,” a government official said.

Keeping in view the global economic slowdown, the commerce ministry had asked for granting more time to exporters to fulfil their export obligations. In the past too, the government has relaxed the obligation for certain products. However, the finance ministry, which is now spending every penny wisely in the light of a limited fiscal space, ruled out giving further time to the defaulters.

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Under export obligation traders have to export the finished products made from the inputs purchased under advanced authorisation, failing which they might be refused further licences and penal action can also be initiated according to the law. A one-time amnesty may help exporters start afresh on a clean slate.

The last annual supplement of the five-year policy (2009-2014) may also commission two new ports at Ennore and Inland Container Depot, Faridabad for import of vehicles under export promotion schemes. In FTP 2012-13 Visakhapatnam Airport was identified as a new port for the purpose of benefits under export promotion schemes.

Incentives may be announced for incremental exports. Last time, the government provided rewards to exporters for incremental exports in the quarter ending March 2013 over the corresponding quarter of the previous year. The benefit may be extended to more than one quarter in this year’s policy.

Besides, the two per cent interest subvention scheme may be extended beyond March 2013. Also, an announcement is likely to be made for clearing interest subsidy dues pending since October 2011. A provision of Rs 1,200 crore has been made in the Budget for interest subvention to exporters, but the commerce ministry is working out the actual quantum of the outstanding amount.

The last policy provided reduced duty obligation for the Northeast to 25 per cent of the normal in order to give a fillip to exports from the region. This year, it may be extended to Jammu & Kashmir. Reduced duty obligation for green products may be extended to more areas to promote development and manufacture of such products for exports. Last year, it was cut to 75 per cent of the normal obligation.

A meeting, chaired by Finance Minister P Chidambaram, was held last Sunday between commerce ministry and finance ministry officials to decide on the contours of FTP. Officials said a consensus was reached between the two ministries on most of the issues, but there were differences in a few areas, where the finance ministry found itself constrained because of a tight fiscal situation.

ON THE CARDS

* Focus on engineering and textiles sectors

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* Incentives for incremental exports over the previous year

* Rationalisation of Export Promotion Capital Goods Scheme

* Extension of interest subvention, settlement of interest subsidy dues

* Incentives for Jammu & Kashmir and green products

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(Source Business Standard, Apr 04, 2013)

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Stop cotton exports

The South India Hosiery Manufacturers Association (SIHMA) has asked the Union Government to withhold the export of cotton and release it for internal consumption so as to control the fluctuations in the prices of cotton and yarn. In a memorandum to Union Agriculture Minister Sharad Pawar, association president A. C. Eswaran said already 80 lakh bales of cotton had been exported during the current cotton year (October 1, 2012, to September 31, 2013).

Looking at the current stock across the country, only 90 lakh bales are available for the rest of the season. Of this, the Cotton Corporation of India is holding 25 lakh bales, another 25 lakh bales is in the possession of cotton exporters, and the

lion’s share of the remaining 40 lakh bales is with private cotton traders, he said.

The hosiery manufacturers were of the view that unless steps were taken to stop the exports at this juncture and route whatever available stocks for consumption within the country, there could be further escalation in the prices of cotton and yarn. On April 1, the prices of various counts of yarn have gone by Rs. 15 a kg mainly because of the scarcity. Hence, any further exports can shoot up the prices immediately, Mr. Eswaran said.

Duty drawbacks

R. Girish, an exporter and member of Tirupur Exporters and Manufacturing Association, said if the Union Government could not impose a ban on exports

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immediately, at least the duty drawback on cotton exports should be reversed so that exports would automatically become unattractive

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(Source Cotton yarn market, Apr 04, 2013)

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RMG exporters seek increase in duty drawback rates

The Tirupur Exporters’ Association has urged for an increase in duty drawback rates from 7.9 per cent citing problems being faced by the garment sector.

Speaking to members of the Duty Drawback Committee in Tirupur yesterday, Dr. A. Shaktivel, President, TEA, noted that the decline of Knitwear exports in 2012 – 2013 was due to recession in EU market and less off take in US market coupled with other adverse factors.

He pointed out the increase in dyes and chemicals and other input prices and added that despite increase in the cost of production, it could not be added up in the garment price and in fact the average unit value realisation of the garment has come down by 5.66% due to stiff competition in the International market.

He requested the committee to consider for increasing Duty Drawback rates from existing rate 7.9%. The participants during the meeting included Mr. Premal Udani, Past Chairman, AEPC and Mr. Ashok Rajani, Vice Chairman, Western region, AEPC. A few executive committee members of TEA expressed the need to increase in drawback rates. The committee impressed with variety of valued added products shown to them and appreciated for producing niche garments.

It may be noted here that the Duty Drawback Committee under the Ministry of Finance is headed by Saumitra Chaudhuri, Member, Planning Commission and Chairman and has Mr. S, B, Mohapatra (former Textile Secretary), Mr. T. R. Rustagi, Mr. Gautam Ray and Mr. Vinod Kumar Agarwal as its members

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(Source Tecoya Trend, Apr 05, 2013)

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AIEC seeks extension of 2% interest subvention facility

The All India Exporters’ Association has called upon the government for extension of 2%Interest Subvention Facility to all the Exporters of the whole Textile Product Value Chain i.e. Yarn, Fabrics, Made-ups etc. As regards to the call for ban on Exports of Cotton Yarn below 60s counts, Chamber Feels that, the same will be counterproductive against India’s Global Image as a consistent reliable supplier of Quality Cotton Yarn.

Cotton Yarn prices have gone up due to increase in prices of Cotton, Power, Diesel, Furnace Oil and other Inputs. Also the Drawback on Cotton Yarn should be continued to maintain the export momentum, AIEC urged.

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(Source Tecoya Trend, Apr 05, 2013)

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Indian govt denotifies Welspun’s textile & apparel SEZ

The SEZ Board of Approval (BoA), Government of India, has approved the request of Welspun Anjar SEZ Limited for denotification of the sector specific SEZ for Textiles & Garments at Anjar, Gujarat, notified over an area of 109.59 hectares.

The BoA denotification approval, however, is subject to the DC furnishing a certificate in the prescribed format certifying inter alia that the developer has either not availed or has refunded all the tax/duty benefits availed under SEZ Act/Rules in respect of the area to be de-notified, there are either no units in the SEZ or the same have been debonded, the state govt has no objection to the de-notification proposal, etc.

Welspun had sought denotification of the textiles and garment specific SEZ, proposed to be set up at Anjar in Kutch district of western state of Gujarat, citing non-viability of the same.

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The company had earlier announced that the units in the zone had been debonded and an amount equal to the tax exemption availed for setting up of the SEZ had been paid back to the Government.

Prior to Welspun, a textile and apparel SEZ of Pradip Overseas Limited, also planned to be set up in Gujarat, was denotified by the BoA.

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(Source Fibre2fashion, Apr 04, 2013)

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InFashion highlights importance of branding

With the theme “Dream, Believe, Achieve”, the third edition of InFashion kicked off on 20th March 2013 where the three day event brought together the entire textile, apparel and fashion community to exhibit, buy, and source and discuss the world of fashion and fabric. The three day fashion extravaganza began on 20th March, 2013 at Bombay Exhibition Centre, Goregaon, Mumbai.

Day two at InFashion’13 gave a clear indication about the importance of branding, efficient, capable and trained retail associates and the importance of tailoring in the value chain, to accelerate the pace of fabric OTC (over the counter) sale.

The day started with the session on importance of branding in the domestic market. The session was moderated by Anand Pandey, Sr. VP, Future Group. The lead presentation was given by Harish Bijoor, Brand Expert & CEO, Harish Bijoor Consults Inc. The other speakers in the panel included Mrinmoy Mukherjee, Director Marketing, Raymond; Madhu Roongta, CEO, Roongta Consulting; Rahul Akkara, VP Marketing, Siyaram’s.

Addressing the session, Pandey said, “In domestic market there is a need of branding the fabric products. This will give a better shelf life and appeal to the customers, which unfortunately is not adequate in current scenario.” According to Pandey, approximately ` 700.00 crore are spent annually on advertisement for fabric and garment together, out of which only 20% is kept for fabrics. He gave the example of the overseas market, where global brands are aggressively building their identities. Their expertise in providing uniqueness to their customers has created an ever increasing pool of brand hungry customer craving for something unique. This has made it imperative for all retailers, modern or

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traditional, to work towards creating their own unique position in the market. He advised the fabric players to invest in identity building. It will not only help in increasing loyal customers but will also help in establishing the business as a brand, he concluded.

Retail associates are backbone for any retail business to grow. B S Nagesh, Founder, TRRAIN, conducted an interactive session, explaining the need and ways of developing retail staff in order to maximize the outputs in retail businesses. Participants in the session from retail, management and manufacturing trades were agreed on the need of continuous training for retail associates, so that the status of both retail and its employees can be taken to new heights. Concluding the session, B S Nagesh stressed that experience of shopping is enhanced many times when you have well trained, confident and efficient sales staff at your disposal. There is a need to train them and we have a capable infrastructure to provide them world class knowledge, Nagesh added further.

Also at the second day of InFashion 2013, it was probably the first ever biggest discussion among master tailors of India on such an impactful platform of Indian textile and value chain. The discussion was well attended by a large number of trade partners from various trades like textile manufacturers, retailers and master tailors.

The panel included Ram Bhatnagar, VP, Emerging Businesses, Raymonds; KetanPishe, PN Rao, Banglore, Dada Gujar, C’lai,Pune, Harsh H. Gohel, ZEN Tailors, Rajkot; BipinChauhan, JadeBlue, Ahemadabad, and Mohd. Sahrif, Man One, Indore. The interactive session discussed the key growth factors for the artistic profession like value addition in the trade, using modern and latest technology for better deliverable quality, creating skilled man power to meet the increasing shortage of professionals.

The session kicked off with an impressive presentation by Bhatnagar where he emphasized on the need of hour to create more and more world class trained professionals. Currently, the share of RTS (Ready to Stitch wear) market is approximately `39,820 crore, which forms just 16% of the total textile and apparel market. Speakers were confident enough that with a reverse trend from RMG (Ready made garment) to RTS in the years to come, this trade will be a booming business. Currently, a y-o-y growth rate of 5-6% has been recorded in the tailoring trade.

The session ended with the launch of bi-lingual coffee table book “Mater tailors of India”, first ever effort to honour the magician of this magnificent trade. The Images Group publication was launched by Anirudh Deshukh, President-Textiles (Raymond), in the presence of Ramesh Poddar, Presient FAITMA and Chairman (Siyaram Silk Mills), PankajKapoor, MD (Take Five Inc.), AbhayKumat, CEO

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(Kamadgiri), Ram Bhatnagar, VP (Emerging Businesses, Raymonds), and participating master tailors of India.

The day ended with a fabulous fashion show of the brands that exhibited in the during the event, followed by FAITMA-IMAGES InFashion’13 Honours. This honour is given for valuable contribution for the growth of fashion and fabric business in different categories. This year there were 34 honours in 9 categories. Life time achievement and Most Admired Men’s wear tailor, categories were introduced for the first time.

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(Source Fibre2fashion, Apr 04, 2013)

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'Textile machinery exports increase on lack of domestic demand'

India is witnessing increase in textile machinery exports on account of slow growth and sluggish domestic demand in the textile and garment markets for such plant & machinery, said the Textile Machinery Manufacturers' Association (TMMA), S. Chakraborty said.

"The demand in the overall textile industry is very low at the moment due to which, we are exporting the textile machinery goods. There is an increase in textile machinery exports in the country," he told SME Times.

According to figures available with TMMA, the textile machinery exports is expected to increase in the years to come from the present estimated figure that stands roughly at Rs. 1200 crore in 2012-13. In 2011-12, textile machinery exports stood at Rs 800 crore.

Earlier, they (TMMA) expected that the exports of plant and machinery will touch Rs. 1400 crore but it seems to be quite doubtful at present.

Chakraborty also pointed out that the domestic production of textile plant and machinery to some extend is showing a declining trend in the last two fiscal. It grew till fiscal 2010-11 at Rs. 6100 crore but suddenly domestic production fell down to Rs. 5200 crore in 2011-12 and further slightly increased to Rs. 5700 crore in 2012-13.

"We hope that in the coming years the domestic production will increase," he added.

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The textile machinery manufacturing industry is the largest capital goods segments in the country that has around 1500 units operational at present amongst which mostly are the Small and Medium Enterprises (SMEs). The sector has total installed capacity at Rs. 9100 crore and investment of about Rs 7500 crore.

The sector is also looking for more foreign direct investment that is limited at the moment, he added.

On duty structure, D.K Nair, Secretary General, Confederation of Indian Textile Industry (CITI) also said the government has reduced duty for importing plant and machinery from 7.5 per cent to 5 percent in the budget announcement this year, which will help the sector.

When asked about some indication from the government to increase duty of such machinery, Nair said, "The government has consciously reduced the duty in the budget and I don't think they will increase the duty. If they increase, it may not be more than 7.5 per cent. "

According to reports, the government is looking at ways to reduce dependence on imports of capital goods to curb the country's current account deficit. At the moment, 70 percent of the total textile machinery is being imported to India. In 2011-12, the country imported textile plant and machinery of Rs. 6882 crore including Rs. 846 crore of second hand machines. Also, nearly Rs. 200-300 crore were imports of garment machinery.

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(Source SME Times, Apr 04, 2013)

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