News Headlines ....[Last Update : September 11, 2010 ]

The International Conference on Technical Textiles and Non-wovens in Delhi from 11-13 November
India’s Scaling Growth hits World Slowdown: FIEO Chief
National Handloom Development Corporation allows Duty Free Import of Raw Silk
Export Growth is result of Market Diversification, says Sakthivel
KINFRA vows to set up a series of rural Apparel Parks in Kerala
IIFT Enters LIMCA BOOK of WORLD RECORDS!!!
 

         Industry Wire ...

Concord Ventures Starts Manufacturing in India Company’s Buying Operation too Shifted from Gurgaon to Bangalore
Skcon International Constructing New Factory to Meet Growing Demand
Apparel One taken over by NSL Textiles; Becomes Priya Garments
Euro Expo: Invested One Crore on Technology Upgradation
Brinell looking at Venturing into Meditech
Neetee Clothing to Foray into Meditech Products
Bittoo Overseas, Delhi Starts Working for Fiji Island
Shirt specialist Mccoy Clothing, Chennai invests in new denim plant
Amrit Exports, Kolkata adds cutting machine for small quantity business
Laguna Clothing Expands Opens up a new unit in Seegekote Village, Kanakapura, Karnataka
 

         News Snips ...

# Retail players are planning to expand but with caution. Most companies like Shoppers Stop, Spencer’s Retail, Madura Garments and Aditya Birla Retail are shifting to a revenue sharing model, where a retailer pays a share of the revenue a store earns every month to its landlord. This model helps retailers to offset rentals, at least in the initial months of opening an outlet, when the business is not profitable and footfalls are lower.
# Koutons Retail (India), a value apparel retailer said that it is planning to raise funds through a public issue and/or on a private placement basis and/or qualified institutional placements.
# Louis Vuitton has closed its seven-year-old store in New Delhi’s Oberoi Hotel, due to space constraints, and plans to shift completely to Emporio by next year. Keen to expand, the company is also looking to add space beyond what it now has at Emporio store.
# Prem Durai Exports, a Tirupur-based mid-sized garment manufacturer and export arm of PGC Industries and Group, has bought 51% stake in a Swiss leisurewear firm Switcher Holdings and is likely to get access to 75% of Switcher's production.
 
  Features Features Archive
Apparel Industry takes a hit as Mumbai Port closes down
Features , 1   Sep   2010 : The recent oil spill incident off the Mumbai coast when two merchant ships collided at the mouth of the Mumbai harbour making navigation into the channel a hazard, became a major reason of worry for Indian Apparel & Textile exporters, as operations at two major ports – JNPT and Mumbai Port – had to be shut down.  
EPCH Taking New Initiatives to Boost Handicraft Exports
Features , 1   Sep   2010 : Even the fact that the handicraft sector has been the worst hit by global recession, as it becomes the last priority in a slow economy, has not dampened the spirit of EPCH, rather they have geared up to explore newer markets for India so that in future it doesn’t face as grim a situation as 2008. Says Malhotra, “In my last 1½ year’s tenure as Chairman of EPCH, we have added more than 33% new trade fairs in our list.  
Day Out at Delhi’s Gandhi Nagar Fabric Market
Features , 1   Sep   2010 : In the by-lanes of Gandhi Nagar’s Shanti Mohalla, one can get fabric from every possible corner of India. In this 35-year-old market there are around 1200 small and big shops doing an annual trade turnover of approximately Rs. 1500 crore. This market which started as export surplus trade, today has 70% of fabric coming directly from mills and weavers in which 90% of the fabric is for ladieswear, both knitted and woven in 100% cotton, silk, polyester, denim… all is available here.  
Klopman fabrics to setup manufacturing venture in india to Play the Role of Matchmaker
Features , 1   Sep   2010 : Italian Textile Giant Klopman, catering to the global need of image wear, workwear and protective wear since the last 40 years was acquired by MW Corp of Mumbai, a company formed out of the restructuring of S Kumars Group two years ago. Today, the company holds leadership position in Europe with an estimated 40 million Europeans wearing garments made from Klopman fabrics, the brand significantly enjoys 30% market share of Europe’s uniform segment with a turnover of Euro 125 million last fiscal.  
Knit Show 2010, Tirupur Focus on Value-adding Technology, Printing the Direction
Features , 1   Sep   2010 : The recently concluded edition of Knit Show 2010, Tirupur, marks the completion of a decade of presence in the arena. Over the years, the event has become one of the prime platforms to discover innovations in textile-garment machineries and fashion accessories for players in the region. With 360 exhibitors and more than 3000 industry visitors in this edition, the organizers of the fair have every reason to be satisfied. The product diversification on display from sublimation printers to oval screen printing machines with in-built curing mechanism, from indigenously developed (backed by foreign technology) new branded yarns to tag less printing machines and accessory manufacturers & traders, the fair had much to offer visitors.  
Kolkata Knitwear Industry Gaining Ground Innerwear and Kidswear the two Growth Segments
Features , 1   Sep   2010 : Known for its culture and socialist way of thinking, Kolkata is also the birth place of the hosiery industry in India way before independence. With a textile lineage, the Kolkata industry has moved on to become a known destination for workwear and intricate hand embroidery for the international market. Apparel Online has covered in detail the workwear industry in its November 16-30, 2009 issue, highlighting some key players and the dominance that Kolkata enjoys in this product category. Earlier we had detailed the importance of Kolkata hand embroidery in Western bridal wear, a growing market for niche players.  
TRADE IS UPSIDE DOWN! Nothing as Permanent as Change!
WorldWrap , 1   Sep   2010 : With global currencies being devalued, or even overvalued, with Government policies trying to stabilize both export and import trade, they are creating short-term negative policies, making it very difficult to plan for the future.  
MNG by Mango for JCPenney A real high or virtual hype?
WorldWrap , 1   Sep   2010 : In December 2009, JCPenney struck an exclusive deal with Mango to launch its fast fashion brand MNG in Fall’10, the same has debuted on August 14 with much hype. Under the arrangement, the brand has rolled out career and casual collections including sportswear and accessories representing modern women. The deal is predicted to leverage the best capabilities of both Mango and JCP, Mango’s fast fashion leadership and JCPenney’s merchandising, marketing and inventory management capabilities. Experts, however, seem apprehensive about the success of the over-hyped collaboration.  
This Was Real... Not From Bollywood!!
Features , 1   Sep   2010 : Many a times we have seen in our Bollywood movies, the hero coming to the rescue of someone in distress… Either fighting the villains single-handedly and coming out victorious… or jumping into a fire to save the heroine who is crying for help! Our heroes… or is it their duplicates, are super human beings and we are so accustomed to seeing their acts of bravery and chivalry on the silver screen that we rarely question the practicality of the act.  

 


 
Apparel Online Hindi
September 2010
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The topic under debate for the next issue is :

Annual Supplement to Foreign Trade Policy 2009-14 was announced recently. While the same has many beneficial initiatives for the handicraft industry, the garment industry, which is also a labour intensive industry, has not benefited to the same level. Are you happy with the incentives granted…what more needed to be done at this crucial juncture.
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