intertextile Shenzhen Apparel Fabrics will return from November 6–8, 2023 at the Shenzhen World Exhibition and Convention Centre in China to help industry players tap into market recovery and regain international orders post pandemic restrictions. The previous fair welcomed over 880 exhibitors from eight countries and regions, while there were over 42,000 visitors coming from 26 countries and regions.

With China’s borders opening up, we expect the return of in-person business to further stimulate the country’s textile industry. After an extended pandemic pause there is pent-up demand for this trade fair. We know from talking to exhibitors how eager they are to get back to business-as-usual, and they know Intertextile Shenzhen is the best place to meet influential buyers and trend-setters, including some of South China’s leading garment manufacturers.” Shea is confident that the fair will continue to be an effective platform for participants to make the most of this promising market.

China is the largest textile producer and exporter in the world. Despite the challenges facing the global economy, signs are looking positive for the nation’s textile industry. The Chinese textile market is predicted to grow at a CAGR of over 5 per cent from 2020-2026, organiser Messe Frankfurt said in a press release.

China’s fastest growing city aims to become a global fashion capital—Shenzhen is now home to over 2,500 clothing brands, with the vast majority being self-owned. According to Shenzhen Customs, in the first three quarters of 2022, the city’s garment exports reached $7.6 billion, increasing by 9.8 per cent year-on-year. Notably, there was a sharp rise in exports to the Association of Southeast Asian Nations (ASEAN) countries, the UK, and the US. 

By combining Shenzhen’s strategic value with the globally recognised Intertextile Apparel brand, the fair has gained immense industry support. At the fair’s previous edition in 2020, “The Shenzhen edition of Intertextile Apparel is particularly valuable to us because we are based in northern Vietnam, which is in close proximity to South China. Sourcing from the region helps to reduce the lead time to just 12-24 hours after the orders are placed.”

Also speaking at the fair’s previous edition, expressed her positive impressions: “Intertextile Shenzhen has been good for expanding our business. The fair is influential to the industry and is a strong drawcard for industry players. Shenzhen is also one of the most promising markets in China.”

As the fair is held concurrently with Yarn Expo Shenzhen, CHIC GBA, and PH Value, fairgoers will have the opportunity to source from the entire textile value chain.

Intertextile Shenzhen Apparel Fabrics is organised by Messe Frankfurt (HK) Ltd; the Sub-Council of the Textile Industry, CCPIT; and the China Textile Information Centre.

Discalimer: this information has been collected through secondary research and posted by third party therefor textilemarket. In is not responsible for any errors in the same.   

India’s textile sector needs a Budget booster to face present challenges and headwinds, according to an industry expert. India’s minister of finance Nirmala Sitharaman is going to present the Budget for financial year 2023-24 (beginning April 1) in Parliament on February 1.

The (textile) industry is eagerly awaiting the government’s support in the form of incentives, programmes and investments to help the sector overcome the obstacles and achieve sustainable growth in the future.” He said that the textile industry in India has faced a plethora of obstacles in the past fiscal year, including a decline in global demand, lacklustre domestic demand, and a shortage of cotton. The skyrocketing prices of cotton in India affect profitability and margins of spinners, leading to sub-optimal capacity utilisation and an accumulation of inventories, as well as a decline in merchandise exports. The volatility of currencies and the uncertainty in the European market, coupled with the ongoing Ukraine war, have also presented a challenging situation for the industry.

To overcome these challenges, the industry is eagerly awaiting the annual Budget 2023-24 to include measures that will provide further support to the sector. These could include additional incentives for exports, extension of existing programmes such as the Remission of State Levies and the Interest Equalization Scheme and the introduction of new programmes that support the textile industry. Furthermore, the industry is expecting the Budget to include measures that will reduce the cost of labour, raw materials, and other production costs, as well as measures to promote innovation and technology in the sector.

“Additionally, the industry is hopeful for increased investments in the sector, both from the government and the private sector. These investments may include increased funding for research and development, providing infrastructure support, and creating a conducive environment for MSMEs and start-ups,” said Sharma.

To remain competitive, the industry expects immediate removal of the 11 per cent import duty on cotton, and cotton waste. Additionally, the industry is seeking export incentives and additional credit support in the Budget to provide easy liquidity at competitive costs for export-oriented units.

The industry veteran said that the industry also needs an incentivisation scheme for both producers and exporters who meet the requirements of traceability of inputs used, especially cotton, and sustainability, such as the use of technologies that require lower consumption of water and electricity, lower discharge of hazardous chemicals, and at least 20 per cent recyclability of materials used. In today’s global market, traceability and sustainability have become essential for exporting textiles and apparel products to western markets such as the UK, the EU, and the US.

The government may provide funds for promoting R&D on new technologies and a subsidy for users to implement these technologies. Furthermore, waivers of electricity duty would greatly enhance competitiveness of Indian textiles, he said.

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Inflationary pressure and less cash in hand among the rural people have impacted the rural offtake of textiles from Surat, the hub of man-made fabrics. Traders said the marriage season demand from rural areas is down 50% year-on-year.

Retailers from rural areas are not stocking up as the demand is very less from villages, said traders. The decline in demand has forced the weaving units in Surat to reduce working days so that inventory does not pile up. There are 55,000 weaving units in Surat and 850,000 weaving machines employing about 750,000 people.

Domestic market has slowed as it reels from over consumption and higher sales in the previous year,” said Vivek Merchant, head of the textile division at Swan Energy. “The usual pre- and post-Diwali increase in demand was missing in 2022. Unprecedented increases in cotton prices had impacted the segment adversely. Now that the prices are reverting to normal, things should get better. Demand from rural India has slowed too, due to inflation.”

Textile manufacturers said there has been a decline in demand from the retail end, mostly from rural India, with the result that wholesalers are not picking up dyed fabric and other textile items such as sarees and garments from them.

Merchant said a healthy harvest season, along with better minimum support prices for crops and the expected increased spending in rural India by the government ahead of the 2024 general.

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The 10th edition of South Asia’s premier international textile sourcing show would commence on Thursday in Delhi. The three-day event is slated to be attended by leading Indian and 18 overseas buyers. The demand is expected to propel India’s $ 54 billion apparel and fashion retail industry to $ 118 billion by 2028 and power the domestic textile and apparel market to touch $ 220 billion by 2025-26 from $ 106 billion in 2019-20.

“Technical Textiles contribute 13% to India’s Textile market. With growing global demand and the PLI Scheme announced by Hon’ble PM Narendra Modi ji, this sector will be further encouraged,” the minister added.

Since 2015, Intex India has connected 35,000+ buyers from 15+ countries to 1350+ textile suppliers and has empowered industry players to explore new business opportunities and expand business globally making Intex India the annual calendar event for South Asia’s textile and apparel industry, the statement said.

The booming Indian textile and apparel industry is fuelled by India’s 800+ million youth aged between 13 and 35 years who are driving industry growth making India the 6th-largest fashion marketplace in the world.

Intex India is supported and endorsed by leading domestic and international trade bodies and business chambers across the world. The organisers believe Intex India is the gateway to the dynamic markets of India and South Asia, making it one of the must-attend trade show for the textiles and apparel industry, the statement added.

Discalamer: this information has been collected through secondary research and posted by third party therefor textilemarket. In is not responsible for any errors in the same. 

North India’s cotton yarn market noted better export demand after the recent drop in prices of cotton. Traders said that there will be better prospects for cotton yarn in the days to come if domestic cotton prices remain steady. Cotton yarn prices eased down in Delhi, while steady trend was seen in Ludhiana market. Panipat’s recycled yarn trade was stable.

In Delhi, cotton yarn prices were quoted down by ₹5-10 per kg compared to the beginning of this week. The prices softened after fall in cotton prices. But there was positivity in market as spinning mills received export orders from Bangladesh, Turkiye, Egypt, Latin America and some other countries. “Export orders for Indian cotton yarn grew after the recent fall in price of cotton. If the price of Indian cotton does not rise again, parity will boost export demand and market sentiments.” According to the market sources, cotton yarn 30 combed is traded at ₹260-265 per kg (ex-mill) for exports. Exports deals were heard at around $3.05 per kg (FOB).

Panipat’s recycled yarn market too witnessed limited trade and stable prices. Indian home textiles industry is facing scarcity of raw materials like comber and textile waste. According to the sources, Bangladesh and some other neighbouring countries reduced supply of textile waste as they prefer value addition within their own industry. However, demand from end consumers was still very poor. Recycled yarn prices were stable in the market. 10s recycled yarn (white) was traded at ₹90-95 per kg (GST extra). 10s recycled yarn (coloured - high quality) was traded at ₹105-110 per kg, 10s recycled yarn (coloured - low quality) at ₹80-85 per kg and 20s recycled PC coloured (high quality) at ₹110-115 per kg. The price of 30s recycled PC coloured (high quality) was at ₹150-155 per kg. 10s optical yarn was priced at ₹100-110 per kg in the market. Comber prices were noted at ₹150-155 per kg, while the price of recycled polyester fibre (PET bottle fibre) was noted at ₹75-77 per kg.

Meanwhile, cotton prices increased further in north India. The prices inched up by ₹200-250 per maund of 37.2 kg because of fall in cotton arrival amid cold wave in the entire region. According to local traders, cotton arrival decreased to 11,000 bales of 170 kg each in north India. Cold wave and recent fall in prices discouraged farmers from selling. Cotton was traded at ₹6,025-6,125 in Punjab, ₹6,000-6,125 in Haryana and ₹6,200-6,300 per maund in upper Rajasthan. Cotton was sold at ₹58,000-59,500 per candy of 356 kg in lower Rajasthan.

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The ban on the use of coal and other unapproved fuels in industries and commercial enterprises in the Delhi-National Capital Region completely came into force from January 1, 2023. But the implementation was not without challenges.

The ban was announced by the central government’s Commission for Air Quality Management (CAQM) June 23, 2022, when the commission put out a standard list of approved fuels for various applications across NCR. The list excluded coal, except low-sulphur coal in thermal power plants and metallurgical coke in stand-alone cupola-based foundries. 

The ban came into effect from October 1, 2022 for areas where piped natural gas supply is already available. Experts from the Delhi-based non-profit Centre for Science and Environment (CSE) spoke to industry operators to understand how they are coping with the ban.

Coal usage in the small boilers of several small-scale textile industries of Panipat was one of the major air pollution contributors to the district in 2020, the study flagged. 

As of now, “out of the 488 fuel-consuming industries in Panipat, 27 have shifted to gas, six are using electricity, two are using LHS, 39 using metallurgical coke and the rest have shifted to biomass”, the regional officer of the state pollution control board, Panipat, told CSE. “All industries in Panipat have shifted to approved fuels now,” he added.

Despite this total shift, the industrial units in Panipat are faced with multiple challenges, said Bhim Rana, president, Panipat Textile Dyers Association and president, Haryana Environment Management Society. He added:

The use of PNG has made the textile industries in Panipat uncompetitive with other textile hubs of the country like Ludhiana and Surat. This economic non-feasibility has led to closure of 60-70 industries in Panipat since October 2022. Many units are even considering moving out of NCR to remain competitive in the market.

As the emphasis is majorly on coal, it needs to be understood that even wood is not a CAQM-approved fuel for industries and any such misconception among the industries needs resolution by the state board officials and industrial association,” Nivit Kumar Yadav, director, industrial pollution unit, CSE, said. “It’s a historic initiative that CAQM has taken by pushing out a number of dirty fuels from the approved fuel list of NCR,” Yadav added.

Discalamer: this information has been collected through secondary research and posted by third party therefor textilemarket. In is not responsible for any errors in the same.