February 2017 issue

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VALUE CHAIN

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FEBRUARY 2017 Volume 5 Issue 2

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EDITORIAL

Budget 2017 and Textile Industry Budget 2017 has high-fived the textile industry community. The government, with this budget, is clearly focusing on supporting and pushing the Indian textile industry to a new height. Indian textile industry is known for this work and products. The support shown by the government is just like adding a cherry on top of the cake, though there a lot more cherries to be added.

The total budget allocation to the Textile Ministry is of Rs. 6226.5 crores for the year 2017-18 compared to last year’s allocation of Rs. 6286.1 crores. Budgetary allocation for powerloom, silk, and woolen textile sectors has increased while handloom and handicraft sector have been allocated sizable amount of the fund.

The technology up-gradation support will help the power loom owners to upgrade the weaving technology without the replacing the entire loom. The number of incentives to have gone up to boost the fair competitive nature among the manufacturers. It will also help in improving the employment ratio in the sector and provide more skilled labors. The government has also reduced the corporate tax by 5% with the objective of doubling the farmer’s income and providing more skilled laborers.The custom duty on nylon yarn used in long line system of Tune fishing has been reduced from 7.5% to 5%.

The budget, as we know, has focused a lot on building jobs, especially for youth and women, and infrastructure to help entrepreneurs to come forward. The above-mentioned schemes and the policies will help boost not only textile industry but also tourism industry. It is now for us to see how the year unfolds for the industry and how it benefits the skilled labored by the end of year.

Ms. Krupa Shah Editorial Assistant All rights reserved Worldwide; Reproduction of any of the content from this issue is prohibited without explicit written permission of the publisher. Every effort has been made to ensure and present factual and accurate information.

The views expressed in the articles published in this magazine are that of the respective authors and not necessarily that of the publisher. Textile Value chain is not responsible for any unlikely errors that might occur or any steps taken based in the information provided herewith.

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CONTENT COVER STORY : CONNECTING VALUE CHAIN 12- Connecting Value Chain by TVC Editorial Team 13- Comfort rich viscose crepe fabrics by TRADC Engineers

FEBRUARY 2017 ISSUE EDITORIAL TEAM Editor & Publisher Ms. Jigna Shah Consulting Editor Mr. Avinash Mayekar Graphic Designer Mr. Anant A. Jogale Sales Manager Mr. Md. Tanweer Editorial Assistant Ms. Krupa Shah

14- Value addition in Textile Finishing by Professors of Vaishnavdevi Institute, Indore GLOBAL FOCUS: 16- American relationship with Iran – Post 2017 with President Donald Trump by Mr. Arvind Sinha NEWS: 19- USTER Fosters new talent into years of university programs 20- Dr. Hemant Sonare honoured with TAI service award 20- ACIMIT: Textile Machinery 2016 closes with growth in new orders CORPORATE GOVERNANCE: 25-Importance of good corporate governance for sustainable business by Mr. Rushin Vadhani 27- CASE STUDY: Threadsol

INDUSTRY

Mr. Devchand Chheda City Editor - Vyapar ( Janmabhumi Group) Mr. Manohar Samuel President, Birla Cellulose, Grasim Industries Dr. M. K. Talukdar VP, Kusumgar Corporates Mr. Shailendra Pandey VP (Head – Sales and Marketing), Indian Rayon Mr. Ajay Sharma GM RSWM (LNJ Bhilwara Group)

EVENT REPORT: 18- TAI – Mumbai Seminar on Weaving sector On 22nd May 2017 21- Central Silk Board & SVT College Seminar on 25th Jan, 2017 35- ITMACH India Returns to Ahmadabad on 7th December 2017 MARKET REPORT: 28- Yarn Report 30- Surat Report 31- BSE Market Indicator 33-SHOW CALENDAR

EDUCATION / RESEARCH

Mr. B.V. Doctor HOD knitting, SASMIRA Dr. Ela Dedhia Associate Professor, Nirmala Niketan College Dr. Mangesh D. Teli Professor, Dean ICT Dr. S.K. Chattopadhyay Principal Scientist & Head MPD Dr. Rajan Nachane Retired Scientist, CIRCOT

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Advertiser Index Back Page: Raymond Front Inside: Raysil Back Inside: Premier Ultimo Page 3: Tectesla Page 4: Key Textile Accessories Pvt. Ltd. Page 5: SGS Innovations Page 7: ITMACH India Page 8 : ITS Exhibition Page 9: RSWM Page 10: AB Plastic Page 21 & 35 : Kothari Techno tex

Page 22: US Aqua Page 23: Technotex Page 24: Happy Exim & Shailesh Engineering Page 36: SKBS Page 37 : Dashmesh EngineerEngineer ing Page 38 : Deep Textiles Page 39: Laxmipati Sarees Page 40: Sanjay Plastics Page 41: Sumeet Poly Power Limited Page 42: Onyx Equipment

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COVER STORY

Connecting Value Chain By - Editorial Team “Wow! I loved that saree. I want to buy it.” “How much is it for?” “Ma’am, this saree is for Rs. 20,000.” Sunaina pays the money and gets the saree. She is very happy about her choice and flaunts her new saree at a wedding that evening. Women around her are in awe of this saree. Every one of them is not keen on buying a similar looking saree. If I was to ask you about what makes this saree so pretty, I would have got a list of answers. Some would say the color, the patterns, the design, the style of wearing it, the comfortable look, the material, etc.

Textile industry is all of these but more about materials. It is the material that forms the basics of every cloth you have in your wardrobe. Materials give every clothing the look and feel it has. Sunaina loved that saree not only because of the colors and design but also because of the way that material made it look. Every material is unique in its own way. This article let’s talk about a few fibers, which are not only setting trends but are also different in their own way.

Linen, is one of my favorite fibers. You might have seen lot of people around you wearing linen shirts. They usually good on every body type, tone, and has a very posh look to it. Linen is made out of the fiber from the flax plant. Though it is very strenuous process to make this fiber, but the fiber is very absorbent and clothes made out of it are valued for the coolness and freshness in hot weather.

To give you a little background of the word linen, it originates from the Western Germanic language and is related to the Latin name for the flax plant, linum. The word, linen, has given rise to a lot of English words. However, the most known one is line, from the use of a linen threat to determine a straight line.

Linen is a bast fabric, i.e. a plant fabric. As already mentioned, the fabric feels cool and is smooth, which gets softer with every wash. However, it is also known for its creasing. The threads of this fabric are vulnerable to constant creasing and might break due to sharp folds. It also has a poor elasticity property.

Now, let us talk about Bamboo fibers. For textile purpose, bamboo fibers are mostly produced from the tallest bamboo species, popularly known as “Moso”. We can also see that regenerated bamboo fibers are conquering the market. They are basically known for their antibacterial nature, biodegradable properties, high moisture absorption capacity, soft smooth feel, and UV protective capability. It is mostly used in the manufacturing of undergarments, sports clothing, socks, hygienic products, UV protective clothing, etc. Due to the hollow cross section, bamboo fibers impairs breathability to the fabrics made out of it, making them cool and comfortable to wear. They can be easily dyed as well. Compared to cotton fabrics, they are more wrinkle resistant and have a better luster. The fiber is empty of any sharp spurs that could potentially cause any irritation to skin. Even, people who develop skin allergies to other natural fibers like wool and hemp do not show any such reaction on wearing bamboo next to their skin. Moreover, since the bamboo fiber is devoid of any free electrons, the fabric made out of it is antistatic, thus, fitting very well next to the skin, flowing lightly over the body without clinging to it.

As we have already spoken about cotton while comparing it to bamboo fibers, let’s talk about it in more detail. It is one of the fa-

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vorite fabric of the Indians. It is known for being not so expensive material, easily available, light to wear, and like linen gives you a feeling of coolness. The cotton industry is dated somewhere between 6000 to 5000 BC. Cotton cultivation is dated to the Indus Valley Civilization. There are a variety of cotton materials found around the world, such as shiny cotton, terry cotton, etc. Open your wardrobe and you can yourself add to this list of different cotton materials. It is one of the highly produced crops in the country and the Indian textile industries are known for its cotton product.

As I write this article, I have landed on the bed that has a bedspread made out of cotton.

If you would have noticed, in this article we have mainly focused on the natural fibers. As unique each of this fibers are, the manufacturing techniques also for each of them is quiet unique. Let us talk more about a few manufacturers who ensure that we get the end product made out of these materials.

Siluas, is the oldest flax mill in Lithuania and is functioning since 1928. The company’s name has been derived from a Lithuanian word siūlas, meaning a thread. They started with the manufacturing of the linen ropes, bags, and technical fabrics. However, if you go their website (www.siulas.com) or search from them online you will see that the product variety is a quite huge. They manufacture bed linen, table linen, linen garments, linen yarns, linen accessories, and much more. If interested, you can visit their online store too, www.linenfashion.com.

Let us talk about a manufacturer from our continent who is a well-known manufacturer of bamboo fabric. The manufacturer is known as China Bambro Textile (Group) Co., Ltd. The company focuses more on innovation, manufacturing of the natural, green, and biodegradable bamboo fibers, yarns, knitting fabric, woven fabric, towels, and much more. You can pay visit to this unique company at www.bambrotex.com. You can see a range of products and the kind of work they do.

Now let us move on the cotton manufacturer from our country, Khem Chand Jain. It is a well-known name in the Indian textile industry. They are known for the variety of fabrics they work with.

They not only are one of the best in the country when it comes to cotton but are also known for their silk, satin, lycra, nylon, and other products. The range of cotton fabrics they work with include handloom cotton fabric, textile cotton fabric, and cotton satin fabrics. You can pay visit to their website www.khemchandjain.com to know more about these products.

Now let us know a little bit on how these fibers are processed into fabrics, yarns, and other products. Spinning is a manufacturing process where three types of fibre are converted into yarn, then fabrics, which undergo back processes such as singeing, desizing, washing, equalizing bleaching, dying, printing and finishing process to becometextiles. Ring-spinning is the most common spinning method in the world. Other systems include air-jet and open-end spinning. Open-end spinning is done using break or open-end spinning. This is a technique where the staple fibre is blown by air into a rotor and attaches to the tail of formed yarn that is continually being drawn out of the chamber. Other methods of break spinning use needles and electrostatic forces.

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February 2017

The processes to make yarn short-staple yarn (typically spun from fibres from 0.75 to 2.0”) are blending, opening, carding, pindrafting, roving, spinning, and if desired plying and dyeing. In long staple spinning, the process may start with stretch-break of tow, a continuous “rope” of synthetic fibre. In open-end and air-jet spinning, the roving operation is eliminated. The spinning frame winds yarn a bobbin. Generally, after this step the yarn is wound to a cone for knitting or weaving.

In mule spinning the roving is pulled off a bobbin and fed through rollers, which are feeding at several different speeds.This thins the roving at a consistent rate. If the roving was not a consistent size, then this step could cause a break in the yarn, or could jam the machine. The yarn is twisted through the spinning of the bobbin as the carriage moves out, and is rolled onto a cop as the carriage returns. Mule spinning produces a finer thread than the less skilled ring spinning.

The mule was an intermittent process, as the frame advanced and returned a distance of 5ft.It was the descendant of a 1779

Crompton device. It produces a softer, less twisted thread that was favored for fines and for weft.

The ring was a descendant of the Arkwright water frame of 1769. It was a continuous process, the yarn was coarser, had a greater twist and was stronger so was suited to be warp. Ring spinning is slow due to the distance the thread must pass around the ring, and similar methods have improved on this; such as flyer and bobbin and cap spinning.Sewing thread, was made of several threads twisted together, or doubled.

The pre-industrial techniques of hand spinning with spindle or spinning wheel continue to be practiced as a handicraft or hobby, and enable wool or unusual vegetable and animal staples to be creatively used.

We would like to continue on how the end product is manufactured and different techniques of knitting, weaving, processing, garmenting used to make the end product look like what it looks.

COMFORT RICH VISCOSE CREPE FABRICS Introduction The word crepe means crinkled or granular surface. This distinctive grainy touch may be achieved by weaving variations by or by applying a chemical or mechanical treatment. Popular crepes include Georgette, Chiffon, Crepe-back satin, crepe de Chine, etc.

Polyester is one of the most extensively used fibres in crepe fabrics in the industry because of lightness, bright shade, a good deal of drape and easy to produce variation. However such product lack in comfort value, being from polyester. It has been tried to develop crepe fabric from regenerated cellulose fibre with an additional value of comfort along with lightness, shade brilliancy and wonderful drape. Major challenges are re-engineering of fabric specification along with re-design of wet processing the meet crepe fabric expectation by consumer.

Types of crepe fabricGeorgette Warp: HT Spun Yarn 'S'/ 'Z' alternate Weft: HT Spun Yarn 'S'/ 'Z' alternate Weave: Plain

Chiffon Warp: Normal Twist Spun Yarn Weft: HT Spun Yarn 'S'/ 'Z' alternate Weave: Plainn

Crepe-back-satin Warp: Normal Twist Yarn Weft: High Twist Yarn Weave: Satin

Crepe-back-satin Warp: Normal Twist Yarn Weft: High Twist Yarn Weave: Satin

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Objective - it is required to do re-engineering of fabric design & re-design wet processing to get crepe effect in 100% viscose woven fabric.

Effect development by creating pattern of SHT & normal yarn in fabric

Viscose Crepe fabric has been developed with Viscose ‘Z’ Super High Twist yarn as warp and incorporating a 2/2 alternate pattern of Viscose ‘S’ and ‘Z’ Super High Twist yarns as weft. Use of viscose super high twist yarns with differential TPI in warp and weft together with alternate ‘S’ and ‘Z’ twisted yarns in weft, utilizes the kinetic energy of yarns in the plain weave fabric. As the cloth is released from the loom, the yarns struggle to unwind within the confined structure, thus giving grainy handle, along with a very comfy handle to the fabric because of the inherent comfort properties of viscose fibre. y The crepe effect has been developed in TRADC by using following: Warp: 40s Viscose ‘Z’ SHT with a TPI of 33 Weft: 40s Viscose ‘S’ SHT + 40s Viscose ‘Z’ SHT in pattern of ‘SS/ZZ’ with a TPI of 38 in each Weave: Plain R x P: 80 x 76 GSM: 115 y Diamond effect can also be produced by using parameters as given below: Warp: 2/30s Viscose in a pattern of ‘SS/Z’ (16 TPI of ‘S’ twist & 19 TPI for ‘Z’ twist yarns respectively) Weft: 16s Viscose HT with a TPI of 19

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COVER STORY Weave: Plain R x P: 46 x 28 Processing of crepe fabrics Earlier the distinctive surface of crepe fabric in wet processing used to be achieved by application of a special finish that causes the fabric to shrink wherever it is applied. The method was first patented in England in 1822, when plain woven, thin silk gauze stiffened with shellac was passed under a heated, engraved copper cylinder to receive embossed patterns. At this time, heavily textured crepes, particularly the printed varieties, were called “crepe.” As a processor, it was a challenge to produce heavy textured crepes.

Viscose crepe fabric developed by using super high twist yarns with differential TPI in warp and weft together with alternate ‘S’ and ‘Z’ twisted yarns in weft, utilizes the kinetic energy of yarns in the plain woven fabric. As per normal route, the fabric was processed in soft flow dyeing machine. But while desizing, selvedges of fabric were torn through entire length as weft yarn with high TPI struggled to unwind within the confined structure. Due to uneven release of tension and poor wet strength of viscose fibre, weft yarns started to break near selvedge.

Next, the fabric was processed in Jigger. But due to high tension on fabric throughout entire length, grainy effect was not achieved.

The process was re-engineered and the fabric was processed in soft flow dyeing machine.

This time the fabric was desized in garment dyeing or drumming machine so that both warp and weft yarns would allow untwisting and fabric will shrink up to its limit. The fabric could not be scoured and dyed in garment dyeing machine as there could be chances of uneven dyeing. So the fabric was further processed

soft flow dyeing machine as per normal viscose dyeing route. After completion of process, sufficient grainy effect on fabric surface had been achieved. Now the challenge was to dry and finish the fabric because passing the fabric through padding mangle to dry it on stenter, the fabric could flatten, thus vanishing the grainy/crinkle surface seemed to vanish.

So, next time the fabric was dried on relax dryer so that to dry it in tension free state keeping the distinctive surface of crepe. As we don’t have facility of relax dryer so we did exhaust finish in soft flow dyeing machine and then removed excess water through hydro extractor followed by drying in tumble dryer.

Thus, viscose crepe fabric has been developed in TRADC with finished details as below: R x P: 96 x 84 & GSM: 137 USP •

Outstanding Comfort •

Rich in Bounce and Drape •

Breathable •

Eco-friendly •

Can be dyed or printed in beautiful bright colours •

Excellent Sheen •

Carries moisture away from skin

Mr. S. K. Hada (A.V.P. TRADC), Ms. Ankita Kaushik (Engineer TRADC), Mr. Deepak Gupta (Engineer TRADC)

Value Additions in Textile Finishing - A Review By: Prof. Tanveer Malik - Faculties, Shri Vaishnav Institute of Textile Technology,

By Prof. Ajay Joshi* -Shri Vaishnav Vidyapeeth Vishwavidyalaya Indore By. Prof. K. S. Sarkar-Sr. Lecturer, Shri Vaishnav Polytechnic, Indore

ABSTRACT: The garment industry’s new drive towards high-value added products is prompted by increasing competition from other countries. Chemicals play a very significant role, be it giving a class of touch through the effects, colorful prints to soft handle, from easy care to nano finish and so on. Garment industry is developing textiles with smart functioning by using new chemical products to provide extra comfort and increased performance. For example, EASY CARE properties for garments which require minimum ironing and resist soiling and staining, ANTIMICROBIAL finishes for leisure and sportswear to prevent odor problems generated by bacteria and so on. A shift in the consumer centric thinking, trend in the supply chain, wherein it’s buyers and retailers with whom the decision making rests, process houses and chemical suppliers are constantly striving to innovate or develop new products/concepts for the market and some of these innovations are discussed in the paper.

KEY WORDS: Chemicals, Comfort, Garment, Innovation, Value Addition etc

INTRODUCTION: Finishing is the final stage in the processing of fabric or garment before it reaches the customer or user. It enhances the at-

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tractiveness and serviceability of the textile material. Finishing can broadly be divided into chemical finishing and mechanical finishing.

To make salable consumer products, the fibre, yarn, fabric or readymade garments have to go through various chemical-processing sequences such as preparatory, dyeing, printing and finishing.

Among these the chemical finishing assumes considerable significance because the value addition is realized through functional finishing imparting the desirable properties.

VALUE ADDITIONS IN TEXTILE FINISHING: NANO FINISH IN TEXTILES: Self-cleaning textiles: The German researcher Wilhelm Barthlott of the Bonn Institute of Botany discovered, in 1990, that the lotus plant, admired for the resplendence of its flowers and leaves, owed this property of self-cleaning to the high density of minute surface protrusions.

These protrusions catch deposits of soil preventing them from sticking. When it rains, the leaf has a hydrophobic reaction. Water rolls around as droplets, removing dust as it moves. Reproduced for nano technological process on the surface of woven fabrics, this self-cleaning property can be developed as a technological innovation. The fabric will have specific applications such as sails or

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COVER STORY

Using nano techniques, these tree trunks are covered in a fuzz of minute whiskers which creates a cushion of air around the fibre.

When water hits the fabric, it beads on the points of the whiskers, the beads compress the air in the cavities between the whiskers creating extra buoyancy. In technical terms, the fabric has been rendered super-non wettable or super-hydrophobic. The whiskers also create fewer points of contact for dirt. When water is applied to soiled fabric, the dirt adheres to the water far better than it adheres to the textile surface and is carried off with the water as it beads up and rolls off the surface of the fabric. Thus, the concept of “Soil-cleaning� is based on the leaves of the lotus plant.

the growth of microorganisms. Besides, the structure of the substrates and the chemical processes may induce the growth of microbes. Humid and warm environment still aggravate the problem.

Infestation by microbes cause cross infection by pathogens and development of odor where the fabric is in direct contact with the skin. In addition, the staining and loss of the performance properties of textile substrates are the results of microbial attack. Basically, with a view to protect the wearer and the textile substrate itself antimicrobial finish is applied to textile materials. It is a wellknown fact that the growth of bacteria and microorganisms in food or water is prevented when stored in silver vessels due to its antibacterial properties. The antibacterial properties of silver are now scientifically recognized. Silver ions have broad spectrum of antimicrobial activities. The method of producing durable silver containing antimicrobial finish is to encapsulate silver compound or nano particle with a fibre reactive polymer like poly (styrene comaleic anhydride).

UV protective finish:

Necessity of antimicrobial finishes:

certain garments. A self-cleaning cotton fabric known as nano care was developed and is marketed by an American Company, Nanotex and stain-resistant jeans and khakis are available since 1990. Nano care fabrics are created by modifying the cylindrical structure of the cotton fibres making up the fabric. At the nano scale, cotton fibres look like tree trunks.

The most important functions performed by the garment are to protect the wearer from the weather. However, it is also to protect the wearer from harmful rays of the sun. The rays in the wavelength region of 150 to 400 nm are known as ultraviolet radiations. The UV-blocking property of a fabric is enhanced when a dye, pigment, delustrant, or ultraviolet absorber finish is present that absorbs ultraviolet radiation and blocks its transmission from a fabric to the skin. Metal oxides like ZnO as UV-blocker are more stable when compared to organic UV-blocking agents. Hence, nano ZnO will really enhance the UV-blocking property due to their increase surface area and intense absorption in the UV region. For antibacterial finishing, ZnO nano particles scores over nano silver in cost-effectiveness, whiteness, and UV-blocking property.

Fabric treated with UV absorbers ensures that the clothes deflect the harmful ultraviolet rays of the sun, reducing a person’s UVR exposure and protecting the skin from potential damage. The extent of skin protection required by different types of human skin depends on UV radiation intensity and distribution in reference to geographical location, time of day, and season. This protection is expressed as SPF (Sun Protection Factor), higher the SPF value better is the protection against UV radiation.

Characteristics of nano finishing in garments: y Nano-processed garments have protective coating, which is water and beverage repellent y Their protective layer is difficult to detect with the naked eye y When a substance is manipulated at sizes of approximately 100 nm, the structure of the processed clothing becomes more compressed. This makes clothing stain- and dirt-resistant y Saving time and laundering cost y This technology embraces environmental friendly properties y Nano-materials allow good ventilation and reduce moisture absorption, resulting in enhanced breathability while maintaining the good hand feel of ordinary material y The crease resistant feature keeps clothing neat y Nano-processed products are toxic free y Garments stay bright, fresh looking and are more durable than ordinary materials y Manufacturing cost is low, adding value to the products Antimicrobial finish in textiles: The inherent properties of the textile fibres provide room for

February 2017

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Antimicrobial treatment for textile materials is necessary to fulfill the following objectives: y To avoid cross infection by pathogenic micro organisms y To control the infestation by microbes y To arrest metabolism in microbes in order to reduce the formation odor y To safeguard the textile products from staining, discoloration and quality deterioration Requirements for antimicrobial finish: Textile materials, in particular the garments are more susceptible to wear and tear. It is important to take into account the impact of stress strain, thermal and mechanical effects on the finished substrates. The following requirements need to be satisfied to obtain maximum benefits out of the finish: y Durability to washing, dry-cleaning and hot pressing y Selective activity to undesirable micro organisms y Should not produce harmful effects to the manufacturer, user and the environment y Should comply with the statutory requirements of regulating agencies y Compatibility with the chemical processes y Easy method of application. No deterioration of fabric quality y Resistant to body fluids; and resistant to disinfections/sterilization

INNOVATIVE VALUE ADDITIONS IN TEXTILE FINISHING: Laser Technology: It is a computer-controlled process for denim fading. This technique enables patterns to be created such as lines, dots, images, text or even pictures. In one version of this concept, a mask is used to give the desired shape that is to be applied on the fabric. The laser projects through a lens system, which expands the beam. This beam is passed through the shaped mask that comprises an aperture of the desired shape and is then deflected by a mirror to strike the textile substrate. The duration of exposure determines the final effect on the fabric.

The novelty of this system is that: y It is water free fading of denim y It is an ecological and economical process

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COVER STORY y y

Excellent reproducibility and higher productivity Being an automatic system, chances of human error are slim

Ozone Fading: Ozone can react with aliphatic and aromatic bonds. For this reason, it is possible to use ozone gas for anti-felting finish of wool, without treatment becoming economically significant. Polyester is easily damaged by ozone than polyamide, because polyester’s aromatic ring system can be easily oxidized and destroyed by the ozone. This could be termed as ozone fading. The appearance of oxidative bleaching of blue, red and yellow disperse dyes caused by the effect of atmospheric zone which is similar in appearance to gas fading. This effect is most common in acetate, triacetate and polyester dyes. Heat treatment of triacetate and polyester improves fastness to ozone fading.

Ozone fading can be prevented by using anti-(oxidation) ozonate softening agent such as diphenylenediamine (also uses as gas fading inhibitor) & p-octylphenol (which has no gas fading inhibitor), which means that using the method detailed here, ozone fading can be prevented. The slight high cost of employing this finish is more than recovered with the improvement of performance characteristics of the denim garment. Furthermore, anti-ozonates could be a good “marketing” tool too. By using technique, the garment can be bleached. Bleaching of denim garment is done in washing machine with ozone dissolved in water. Denim garments can also be bleached or faded by using ozone gas in closed chamber.

The advantages associated with this process are: y Color removal is possible without losing strength y This method is very simple and environmentally friendly because after laundering, ozonized water can easily be deozonized by UV radiation

washing unit who can afford costly technology like sand blasting, etc. This technique is based on spraying/brushing the chemicals or pigments to get different effect on the garments. These techniques also save water, energy and time.

CONCLUSION With advent of new technologies, the growing needs of the consumer in the wake of health and hygiene can be fulfilled without compromising the issues related to safety, human health and environment. Taping new potential antimicrobial substances, such as, Chitosan from nature can considerably minimize the undesirable activities of the antimicrobial products. Scientists all over the globe are working in the area and a few of them reported to have used antimicrobial finishes and fluoro chemicals to make the fabric having antimicrobial as well as blood repellant properties. Chitosan and fluoro polymers are reported to be most suitable finishing agents for medical wears with barriers against micro organisms and blood. To carve a niche for textile materials, this kind of value adding finishes are the need of the hour.

REFERENCES y Past, present and future of jeans and denim fashion garments, Yasini Nensey, Clothes line July 2002, pp 78-80 y Flocking technology, AATCC symposium on Lamination and Coating 1996. pp 83-92 y Latest machinery giving mechanical finishes for garments, Dr.G.P.Nair, Colourage, Texindia fair special, 2-4 Nov 2001, pp 69 -79 y Encyclopedia of Textile y Denim Washing and finishing: A review, Purushottam De, MMTI, March 1998, pp 129 – 131 y Encyclopaedia of Textile (Volume I, II, III)

Spray Techniques: This technique is most effective for small/medium size garment

GLOBAL FOCUS

American relationship with Iran - Post 2017 with President Donald Trump Mr. Arvind Sinha CEO - Business Advisors Group Cell No. 9820062612 Email ID: lionasinha@gmail.com arpsin Iran has attended very important position in Global Scenario.

US relationship with Iran Deteriorated in last many years, however, it started improving during second-term of President Obama. The United States’ relationship with Iran tops the list of foreign policy issues that will confront President-elect Donald Trump

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when he takes office in January. Like many other Republican presidential candidates, Trump was an early and staunch opponent of the Joint Comprehensive Plan of Action (JCPOA), the controversial nuclear deal concluded last summer between six world powers and Iran. But, Trump took up contradictory positions on the deal over the course of his campaign, at times promising to tear it up and at others suggesting he would simply amend it.

As Trump readies his administration, he is likely to favor the latter course. For a host of reasons, it may be impractical for his administration to scuttle the agreement outright. Still, there is much that Washington can do with respect to Iran, especially by more

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February 2017

GLOBAL FOCUS rigorously enforcing the nuclear deal and constraining Iranian expansionism.

A STUBBORN ARRANGEMENT The JCPOA’s status as an executive agreement, rather than as a formal treaty, means that the next president can indeed abrogate Washington’s commitments under the deal. But doing so wouldn’t nix the JCPOA entirely because of the deal’s multilateral nature.

Even if the United States were to withdraw from the pact, the other signatories could keep the JCPOA in force despite pressure from the new administration to take a harder stance against Tehran.

It is true that Trump could decide to unilaterally impose (or reimpose) penalties on the U.S. companies doing business with the Islamic Republic. On its own, however, that will do a little to curb the activities of the foreign firms that are beginning to dip their toes back into the Iranian market, as these firms will not be affected by any new restrictions levied against American entities. And although the prospect of a stricter U.S. approach to Iran is likely to give such foreign businesses pause, at the end of the day, Washington will not be able to completely roll back the agreement without risking major trade disputes with states such as China and France, which are now busy deepening their economic stakes in the Islamic Republic. That prospect is something for which the Trump administration, eager to calm skittish international markets, will likely have little appetite.

not. Although the White House lobbied for the JCPOA by arguing that the deal would help empower moderate forces within Iran, nothing of the sort has occurred: the JCPOA has not significantly strengthened Iran’s reformists, and elections in recent months have only served to further entrench the country’s conservative status quo. Tehran’s anti-American animus also remains intact, and high-ranking Iranian officials, including Supreme Leader Ayatollah Ali Khamenei, have warned against the normalization of ties with the United States. The meaning of these developments is clear. Although Iran has profited handsomely from the nuclear deal, it has no interest in a more pacific relationship with the country principally responsible for making that deal possible.

What the agreement has succeeded in doing, however, is reinvigorating Iran’s global ambitions. After laboring for years under international sanctions and with limited means to make its foreign policy vision a reality, the Islamic Republic is now undertaking a landmark expansion abroad.

From its deepening military footprint in Syria to its renewed push for renewed push for engagement in Latin America, Tehran is unmistakably on the march.

In other words, notwithstanding his campaign pledges, the new president is liable to find that there is a little upside to scuttling the JCPOA and considerable reason to adapt and strengthen its provisions and penalties as much as possible.

LEVERAGE AND COMPLIANCE

AN EMBOLDENED IRAN

First, the United States needs to reestablish its economic leverage against Iran. Perhaps the most pernicious effect of the nuclear deal has been to set in motion a fundamental unraveling of the global sanctions regime against the country. From its efforts to encourage greater commerce with Iran to its effective investment in Tehran’s nuclear program through the purchase of excess heavy water from Iranian reactors, the Obama administration has compromised the sanctions architecture painstakingly erected against the Islamic Republic over the past decade and a half.

From the start, the nuclear deal sought to limit only one aspect of Iran’s rogue behavior: its persistent nuclear ambitions. The benefits that have been conferred to Iran since the deal’s implementation, however, have been much broader in scope, bolstering Tehran’s regional and indeed global strategy.

As one of the central conditions of the JCPOA, the United States and its partners in the P5+1 (China, France, Russia, the United Kingdom, and Germany) agreed to grant Iran access to some $100 billion in previously escrowed oil revenue upon the formal implementation of the deal, which occurred in January. For Iran, this represents an enormous windfall, amounting to roughly a quarter of the country’s annual GDP. The sum is roughly equivalent, in proportional terms, to the United States’ receiving a capital infusion of $4.2 trillion. Measured in today’s dollars, the amount of money released to Iran nearly matches the entire amount the U.S. government spent on the Marshall Plan, which covered 17 European countries over a period of four years following World War II. This direct benefit has been amplified by a range of other measures—from the reintegration of Iran global markets through such mechanisms as the electronic payment system run by the Society for Worldwide Interbank Financial Telecommunications to the facilitation of Iran’s access to the U.S. dollar—and by the overall easing of sanctions against Iran, which has spurred a surge in new trade with the country. Taken together, these changes have set Iran on the path to economic recovery. The International Monetary Fund estimated last month that Iran’s GDP is set to grow by at least 4.5 percent in the coming year thanks to the JCPOA. But if Iran’s economic prospects have fundamentally improved since the completion of the nuclear deal, its political outlook has

February 2017

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Coping with an emboldened Iran will be one of the incoming administration’s cardinal tasks, and it will require a strategy that focuses on three priorities.

The new administration will have more credibility than the current one to reverse this trend. Banks and other financial institutions have been slow to engage in business with Iran, worried about the potentially adverse and costly consequences of doing so. Trump’s unexpected election has reinforced their caution. By blacklisting additional Iranian entities associated with terrorism, nuclear and ballistic missile proliferation, or human rights violations, and by levying onerous fines on those companies doing business with them, the Trump administration could raise the stakes still further, sending a clear signal that it does not condone a return to business as usual with the Islamic Republic. The goal of such a step would be twofold: to reaffirm the United States’ seriousness in enforcing the terms of the deal while limiting the resources Iran could use to pursue its strategic ambitions. (For its part, although it may rage against any new restrictions, Iran’s government is likely to temper its response to them, remembering the ruinous consequences of earlier multilateral pressure.)

Next, the Trump administration should focus on enforcing Iran’s compliance with the deal. The Obama administration’s embrace of the agreement and its faith in the prospects of detente with Tehran have made it loath to hold the Iranian regime accountable, either for substantive breaches of the accord or for related

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GLOBAL FOCUS activities—such as repeated ballistic missile tests—that violate the spirit of the pact. On the campaign trail, Trump pledged to penalize Iran for such infractions.

His administration can start this process by mandating stricter monitoring of Iran’s compliance with the terms of the JCPOA, both through International Atomic Energy Agency inspections and independent means and by explicitly outlining the penalties (economic, political, and even military) that Washington will impose if Tehran fails to live up to its commitments—something that has been conspicuously absent from the Obama administration’s approach so far.

Finally, the Trump administration should focus on constraining Iranian adventurism. The JCPOA appears to have enabled Tehran to significantly expand its strategic goals in the Middle East and beyond. In June 2015, before the formal conclusion of the nuclear deal, Khamenei unveiled his government’s Sixth Development Plan, which calls for increasing the national defense budget (then at $14 billion) by nearly a third, to five percent of Iran’s GDP—a surge that appears to have been predicated on Iran’s ability to access additional resources as a result of the nuclear deal. Since then, Tehran has made good on this priority, concluding billions of dollars in new accords for military hardware with both China and Russia and stepping up its support for radical regional proxies (such as Hezbollah and Iraq’s Shiite militias). For Washington, reinforcing stability in the Middle East will hinge on constraining these advances and on implementing policies—from regional missile defense arrangements to stepped-up counterterrorism cooperation with U.S. allies—that can deter or counterbalance a bolder Iran.

RHETORIC AND REALITY It is hardly surprising that Iranian officials have greeted Trump’s unexpected election with a flurry of condemnations. Iranian President Hassan Rouhanihas boasted that the new president lacks the power to rescind the nuclear deal because Iran’s “engagement” on the nuclear issue has put its relations with other countries “on an irreversible path of growth.” But beneath Tehran’s bluster is a sense of trepidation that Iran—which has had enormous latitude in the Obama era—could end up being one of the biggest losers of Trump’s foreign policy.

This fear is justified. The advent of a Trump White House is likely to augur a seismic shift in the United States’ approach to Iran. Just how fundamental a change it will be remains to be seen, but the incoming president clearly has the motivation to roll back the Obama administration’s policy toward the Islamic Republic. Just as clearly, he has the means to begin doing so.

This is going to be a very important relationship which may decide the fate of Middle East politics. Iran can play very important role in today’s time as it has oil, large population and huge support from China as they are the largest exporters and importers. China has already promised very huge investment few hundred billion dollars in next few years.

Apart from that this will continue support from European Union, Britain and many other countries which will help Iran to grow and play a leading role.Therefore any decision in policy matter regarding Iran should be consider carefully.

The Textile Association (India), Mumbai Unit takes pleasure in announcing Seminar on “Opportunities in the Current CHALLENGES IN WEAVING SECTOR on Saturday, 22nd April 2017 at Hotel Fortune Park Galaxy, Vapi, Gujarat (India).

The present seminar aims to give an opportunity to the textile technologists to share their thoughts to meet the challenges and as such, interaction will be highly productive and beneficial.

TAI Seminar TAI brings to you a seminar specially dedicated to weaving to address the technological challenges in weaving. This will be the right forum where the noted industry experts will not only be sharing their views but will also outline the forward path for the Indian textile industry. The subjects will cover right from the weaving preparatory to value addition keeping in mind the quality concepts of international standards and “Zero defect and Zero Effect” (ZED).

The seminar will also cover the issues related to Govt. initiatives for helping the weaving sectors. The eminent industrialists, reputed professionals and renowned experts from diverse fields of textiles have been invited to address the gathering. We are expecting over 200 delegates to participate in this seminar.

Topics to be Covered: y y y y y

History of Weaving – from Handloom to Auto Weaving Preparatory Process for Efficient Weaving Weaving Solution for Auto Weaving High Tech Weaving A checklist in Weaving to manufacture good quality fabrics

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y y y y

Energy Convention alternate source of Energy Solar and Wind Energy Humidification / Air Control Govt. Policies & Strategies for Textile Industry

Panel Discussion: “How to upgrade Weaving Technology to make export target?”

Panel will comprise experts from the weaving industry.

An Appeal It is needless to emphasize that such events require financial support from the textile Trade and industry. The success of our Conferences/Seminars depends on the financial support from our valued sponsors. We look forward for the same support and cooperation from you for this seminar, and assure you to provide maximum publicity and visibility to your valued products. Your participation in this seminar by way of sponsorships, Advertisements and delegates would provide a common platform to meet the experts from the industry. The main advantage will be an opportunity to exchange the views on the technological developments in the weaving Industry.

The Textile Association (India), Mumbai Unit invites you to be the part of this event to contributes towards the betterment of the weaving industry.

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February 2017

NEWS

The young leaders driving China’s textile industry USTER fosters new talent in 10 years of university programs Progress in China’s textile industry is increasingly being driven by a young and dynamic generation of professionals – and USTER is proud to play arole in fostering the development of these talented individuals. The company’s close links with Chinese universities started 10 years ago, and in that period USTER has developed a scholarship program which now covers eight universities and has so far involved well over 500 students.

Richard Furter, USTER’s former Head of Textile Technology, started the scholarship initiative and was personally involved in developing the program through its early years. At that time, he was assisted

by Ellen Liu, Head of Textile Technology in China, who translated. She remembers that students in the program were immediately impressed by the concept of quality control and management and the potentiality offered by quality testing and monitoring instruments.

Today, the company is still convinced that the USTER scholarship program will encourage successive generations of students to continue the transformation of China’s textile industry from a traditional sector to a modern global player in quality markets.

USTER believes it’s important to lay the foundations for this at the textile universities, so that students are introduced to new ideas and become inspired by the possibilities.

Internships for practical experience Since 2010, USTER has also been offering internships at its laboratory in Suzhou, in collaboration with Donghua University.

Each year, two masters degree students are able to gain experience as testing engineers, working with USTER staff – as well as having access to latest test technology to help with their theses. The internships allocate students’ time 50:50 between work in the lab and individual study, all supported by regular training from USTER Textile Technologists.

Ms Liu also continues the popular and valuable program of university lectures started in 2007 by the late and highly-respected USTER expert Richard Furter and continued by Thomas Nasiou, today CEO of Uster Technologies. Both these men spent time lecturing students at Donghua and Qingdao universities. Mr Furter initiated

February 2017

the lecture program based on his personal strong belief that the young professionals will drivethe Chinese textile industry into a well-developed, modern business. He put a lot of effort in fostering the future generation. Through a career with USTER spanning 47 years, he was renowned for his seemingly limitless knowledge. He was even asked to write an independent textbook, titled ‘Textile Measuring Technology and Quality Control’ which was officially acknowledged

by China’s textile education authorities and has been a ‘set book’ for textile students since 2012.

Scholarships at eight universities The first USTER scholarships at Donghua University and Qingdao University started in 2008. Since then, the program has expanded to include six more establishments which regard the company as a partner in fulfilling their educational goals: Tianjin Polytechnic University, Xi’an Polytechnic University, Jiangnan University, Zhongyuan University of Technology, Nantong University, and Yancheng Institute of Technology.

They appreciate the specific technical focus of the lectures on quality management and control, as well as USTER®STATISTICS. So far, 563 students at different levels (undergraduate, masters and PHD) have been awarded USTER scholarships. Successful students must demonstrate high performance – in marks and engagement – but also involvement in research and university projects, along with well-developed personal and interactive skills.

Over the years, many USTER scholarship winners have gone on to work in key textile industry posts, or as university professors themselves. “My company employed me as testing engineer when I graduated just because I had learned USTER® instrument knowledge during my internship. I can say that USTER knowledge helped me to gain this career opportunity,” says GuangZhen Guo, who works as a supervisor in CFIB branch in Fujian province. He studied at Donghua University and had the chance to take part in a year-long USTER internship program. Professor Yong Liu was, as a PhD student, a winner of one of the first USTER scholarships in 2008. Today he holds the positions of vice-dean

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of the textile college of Tianjin Polytechnic University and doctorial supervisor. He says: “I was inspired to devote myself to the textile industry and contribute to the development of textile talents as well as to scientific and technological progress.” This reaction is typical of the majority of students, who report that their scholarship gave them the confidence to remain in the textile sector and the encouragement to anticipate and movechanges in China.

Belief in the future of textiles USTER is convinced that younger staff members are the key to implementing sustainable and successful quality management concepts in the spinning industry.

The university environment introduces students to modern methods and attitudes in the textile industry, opening their minds and giving them the courage to challenge strong traditions. “There is a trend now for yarn producers to realize how textile engineers can help to improve the competitive capabilities of their spinning mills. They seek employees with university degrees and offer higher salaries,” says Ms Liu. “Some companies will even promise quick promotion to ensure that young professionals stay in the job for years.”

The Chinese government has itself recognized the potential benefits of increased quality standards, and launched new initiatives to promote a high quality and brand oriented policy for manufacturing industries in 2016. Students who are ready to embrace quality management concepts will provide a good foundation for this campaign. And Uster Technologies is pleased to take part in the modern development of China’s textile industry through its continuing commitment to supporting the future textile professionals with its scholarship and internship programs.

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NEWS DR.HEMANT SONARE HONOURED WITH TAI SERVICE AWARD FOR OUTSTANDING CONTRIBUTION Textile Association of India honoured Dr.Hemant Sonare with Shri. J. J. Randeri Service Award for service excellence at national level for development of Textile & clothing industry of India. Dr.Hemant Sonare has significantly contributed for the socioeconomic development through upliftment of cotton grower farmer’s community of Vidarbha. He received award from Industry & Commerce Minister, Government of Madhya Pradesh Hon.Shri.Rajendraji Shukla at the inaugural ceremony of 14th INTERNATIONAL & 72nd All INDIA TEXTILE CONFERENCE at BHOPAL. The Textile Association (India) is the foremost largest textile professional body of India established in the year 1939; currently the association has strong member strength of over 28000 with 26 affiliated units spread throughout the length and breadth of the country. It has been providing guidance and services of various kinds to the Textile Industry over last 77 years .TAI organized 14 International & 72 All India Textile Conferences, 2 world textile congress & Global Textile Congress at different National & International destinations.TAI has played very significant role in Indian textile industry which is recognized by industry leaders and government agencies.

Dr.Hemant Sonare has done outstanding contribution in the field of education,

TEXTILE MACHINERY 2016 CLOSES WITH GROWTH IN NEW ORDERS

The orders index for textile machinery compiled by ACIMIT, the Association Italian Textile Machinery Manufacturers, for the period from October to December 2016 rose by 5% compared to the same period for the previous year. The value of the index thus came in at 94.2 points (basis: 2010=100).

This growth affected both the foreign markets, where the index registered an absolute value of 103.4 points (+5%) and Italy.

In this case, the increase compared to the period from October to December 2015 was 16%, with an absolute value for the index of 55.7 points.

On an annual basis, and compared to 2015, the index registered an average increase of 4% (absolute value: 95.2). Domestic sales were up significantly, rising by fully 14% (absolute index: 55.2), confirming the

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textile, clothing & agriculture industry. He has significant involvement in the field of Education, Garment, Fashion, Textile industry. He served society at large significantly & contributed for the growth and developmental cause of industry .He is working for youth, farmers and women’s by providing necessary empowerment through constructive actions. He is also working to educate, employ & empower women’s of the weaker section of the society. Holding esteemed position as a Hon. Secretary of prestigious Textile Association of India – Vidarbha he is involved in all developmental issues related to textile sector of Vidarbha. He is working with Wanjari Group of Institutions as ‘Director’ of group. He has been a recipient of ‘Krushibhushan’ award, Warud Gaurav Purskar for his significant contribution in the area of upliftment & empowerment of cotton growing farmers of Vidrabha. Members of Textile Association of India and professionals from textile & clothing sector congratulated him for this prestigious achievement. Earlier, he worked as a Convener of the prestigious 4th Indian Youth Science Congress a forum of young scientists involved in the

development processes for a sustainable future of the planet. As a Conference Chairman successful 12th International & 70th All India Textile Conference at Nagpur based on theme Cotton, Textile & Apparel Value & Supply Chain: Global Opportunities & Challenges ! The conference has received massive response with 1100 delegates & 80 speakers from all across the India & World .

He worked as Conference Advisor as World Textile Congress II which will be held in Supt.2016 at Hotel Sahara Mumbai, As a Conference Convenor for AGROVISION conference based on theme ‘DEVELOPMENT OF COTTON HUBS & TEXTILE PARKS IN VIDARBHA at Nagpur at Central India’s largest Agri Summit AGROVISION. He is working to establish Vidarbha to stands at a very positive situation to offer Value Added Textile to the World.

vigour of the Italian market. Foreign markets recorded a more contained increase in orders (+3%, for an absolute value of 104.0).

of the year ACIMIT will continue to push forward in promoting internationalization, as over 20 Country/markets will be the object of promotional initiatives aimed at the penetration of Italy’s textile machinery sector.

Among these initiatives are projects laid out for Sub-Saharan Africa and Iran, both areas in which ACIMIT is insistently promoting its activities for growth.

The president of ACIMIT, Raffaella Carabelli, commented on the results as follows: “The data for the index for the last quarter of 2016 confirm a year we can certainly define as positive, with an overall growing orders index.”

Data for Italian exports, updated to the first nine months of 2016, confirm a positive trend, with a 3% increase compared to the same period of 2015. “In spite of our far from brilliant export performance in the world’s three major markets, China, Turkey and India,” states ACIMIT’s President, “our sales are nonetheless growing in Bangladesh and Pakistan, as well as in North America and Europe”.

ITALIAN TEXTILE MACHINERY INDEX OF ORDERS AT CONSTANT VALUE (BASIS 2010=100)

The outlook for 2017 appears to be dynamic, despite the current geopolitical uncertainties. For its part, with the support of the MISE and ICE-Agency, over the course

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February 2017

SILK MARK ORGANISATION OF INDIA VANYA SILK MARKET PROMOTION CELL, CENTRAL SILK BOARD

INTERACTIVE SEMINAR ON VANYA SILK PRODUCT DEVELOPMENT & COMMERCIALISATION AND PRIZE DISTRIBUTION CEREMONY OF DRESS DESIGN COMPETITION ON VANYA SILK FABRIC Central Silk Board (CSB), operating under the administrative control of the Ministry of Textiles, Govt. of India, is the country’s nodal organization for development of all varieties of silks in India.

Development of ‘Vanya ‘ silks is a matter of special interest to CSB. A number of special projects for development of Muga, Tasar and Eri silks are under implementation in different parts of the country. CSB has also been sponsoring expositions with MUTES Collection (Muga, Tasar, ERi Silks) in different parts of the country. CSB is proud to announce that the MUTES speak for themselves in the market place.

Central Silk Board in collaboration with Sir Vithaldas Thackersey College of Home Science (Autonomous), Santacruz (West), Mumbai and SMOI is organizing “Interactive Seminar on Vanya Silk Product Development & Commercialisation” at mini auditorium, SNDT Women’s University Vidyavihar, Santacruz West, Mumbai on 25th Jan. 2017. In order to commercialize Vanya silk in Mumbai a “Dress Design Competition” to design garments made from Vanya Silk has been conducted for the budding designers and boutiques of Maharashtra.

February 2017

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Highlights of the event are: 1. Presentation on “Vanya Silk Product Development” by Shri. S. N. Hippargi, Joint Director/Scientist D Central Silk Board, Bangalore 2. Presentation on “Vanya Silk Marketing” by Shri. Shankar Kotrannavar, Assistant Director (Insp.), Central Silk Board, Bangalore 3. Presentation on “Silk & Silk Mark” by Shri. V. Ramesh, Deputy Director (Insp.), Central Silk Board, Mumbai 4.Presentation of Vanya Silk Garments created by the participants by a fashion show.

5. Prize Distribution Ceremony of Dress Design Competition on Vanya Silk Fabric

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February 2017

February 2017

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HAPPY EXIM

HAPPY EXIM, G 14 SHRI SANKALP COMPLEX,RIICO IND AREA, BILIYA, PUR ROAD, BHILWARA (RAJASTHAN) 311001 happyexim@gmail.com Mob : 9351342929, 9680872838

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CORPORATE GOVERNANCE

Importance of Good Corporate Governance for Sustainable Business Rushin H.Vadhani AGM-Marketing AYM Syntex Ltd The recent criticism fromMr Narayan Murthy and fellow billionaires NandanNilekani and Kris Gopalakrishnan burgeoned into a public confrontation over governance at Infosys, which works for many of the world’s biggest corporations, including Goldman Sachs Group Inc. and Toshiba Corp. At one point, Murthy called for a board shuffle. This raised many concerns for business houses to analyze quality of their corporate governance for business sustainability before it slowly erodes the glory of company.

Modern corporate situations, characterized by the globalisation of the markets and of the information, highlight the need to link the potential of a not transient growth to the adequate reconciliation of all the expectations converging around the entrepreneurial formula and not only of those attributable to shareholders.

In such a defined context, corporate governance tends to evolve from a situation of primary care for the expectations of shareholders (shareholder’s view) and for the correlated financial responsibility, to a wide consideration of all the stakeholders (stakeholder’s view) and related responsibilities (financial, environmental, social, administrative). The correct carrying out of governance processes requires, therefore, a clear focus on sustainable development and on the related assumption of a concept of global responsibility. The decisions made by the governing bodies must be driven by the purpose to create value in the long term according to conditions of fairness and sustainable development. From the delivered research it emerges how public utilities that promote behaviours in line with the sustainability conditions are marked out by stable growth paths. Conversely, the companies that assume a vision mainly addressed to the economic dimension, neglecting the other areas are generally compromised in the performance realized.

Corporate Governance and complexity of sustainable development calls for global cooperation, based mainly on joint coordination of strategies and adopting of the best decisions. What does the term sustainable development mean? Answer to the question, what does the sustainable development mean, is not unambiguous. There are many definitions of sustainable development, based on the world and inland specialized literature, trying to capture essence of the sustainable development. The concept of sustainable development, integrating the balance of three pillars, comprises the economic, social and environmental pillars. The economic pillar is based on the necessary retaining of ordinary capital with all the business activities performed, and use of only the generated profit. The social pillar involves people as individuals as well as the community. The environmental pillar focuses on environmental protection, specifically its improvement and prevention of

February 2017

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exhausting the limited natural resources. The quality environment in turn strongly impacts the quality of life of the population, which already bears upon the social sphere.

A company that adopts sustainable development as its strategic goal will sooner or later face a question as to what method to use for the measurement of corporate sustainability, how to set its goals and what measures and procedures should be used to achieve the goals set. That is, a need arises to collect, record, analyze and transmit information about economic effects of the environmental and social activities.

The indicators used in the measurement of sustainable development in companies are developed on a continuous basis by different international organizations with the aim of achieving an internationally acknowledged standard. The most widely known international activity is the Global Reporting Initiative (GRI) which concentrates on standardization of a report on sustainable development (Sustainability Report).

Sustainability is strategy of the process of sustainable development. It wins a special importance where this process assists the man in reaching sustainability or can discourage the man from this process. It means that sustainability is the corporate strategy monitoring long-time corporate growth, efficiency, performance and competitiveness by incorporating economic, environmental and social aspects into corporate management. In connection with Corporate Governance and Sustainability relating to measurement of corporate performance even the Corporate Sustainability Reporting gains a great importance.

Corporate Governance : Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed.Governance structures and principles identify the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and includes the rules and procedures for making decisions in corporate affairs.

Corporate governance includes the processes through which corporations’ objectives are set and pursued in the context of the social, regulatory and market environment. Governance mechanisms include monitoring the actions, policies, practices, and decisions of corporations, their agents, and affected stakeholders.

Corporate governance practices are affected by attempts to align the interests of stakeholders. Interest in the corporate governance practices of modern corporations, particularly in relation to

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CORPORATE GOVERNANCE accountability, increased following the high-profile collapses of a number of large corporations during 2001–2002, most of which involved accounting fraud; and then again after the recent financial crisis in 2008.

Internal corporate governance controls:

Role of Corporate Governing Board :

• Monitoring by the board of directors: The board of directors, with its legal authority to hire, fire and compensate top management, safeguards invested capital. Regular board meetings allow potential problems to be identified, discussed and avoided. Whilst non-executive directors are thought to be more independent, they may not always result in more effective corporate governance and may not increase performance. Different board structures are optimal for different firms. Moreover, the ability of the board to monitor the firm’s executives is a function of its access to information. Executive directors possess superior knowledge of the decision-making process and therefore evaluate top management on the basis of the quality of its decisions that lead to financial performance outcomes, ex ante. It could be argued, therefore, that executive directors look beyond the financial criteria

• Rights and equitable treatment of shareholders : Organizations should respect the rights of shareholders and help shareholders to exercise those rights. They can help shareholders exercise their rights by openly and effectively communicating information and by encouraging shareholders to participate in general meetings.

• Interests of other stakeholders: Organizations should recognize that they have legal, contractual, social, and market driven obligations to non-shareholder stakeholders, including employees, investors, creditors, suppliers, local communities, customers, and policy makers.

• Role and responsibilities of the board : The board needs sufficient relevant skills and understanding to review and challenge management performance. It also needs adequate size and appropriate levels of independence and commitment.

• Integrity and ethical behavior : Integrity should be a fundamental requirement in choosing corporate officers and board members. Organizations should develop a code of conduct for their directors and executives that promotes ethical and responsible decision making.

• Disclosure and transparency : Organizations should clarify and make publicly known the roles and responsibilities of board and management to provide stakeholders with a level of accountability. They should also implement procedures to independently verify and safeguard the integrity of the company’s financial reporting. Disclosure of material matters concerning the organization should be timely and balanced to ensure that all investors have access to clear, factual information.

Organisation for Economic Co-operation and Development principles : One of the most influential guidelines on corporate governance are the G20/OECD Principles of Corporate Governance, first published as the OECD Principles in 1999, revised in 2004 and revised again and endorsed by the G20 in 2015.The Principles often referenced by countries developing local codes or guidelines. Building on the work of the OECD, other international organizations, private sector associations and more than 20 national corporate governance codes formed the United NationsIntergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) to produce their Guidance on Good Practices in Corporate Governance Disclosure. This internationally agreed benchmark consists of more than fifty distinct disclosure items across five broad categories: • Auditing • Board and management structure and process • Corporate responsibility and compliance in organization • Financial transparency and information disclosure • Ownership structure and exercise of control rights The OECD Guidelines on Corporate Governance of State-Owned Enterprises are complementary to the G20/OECD Principles of Corporate Governance, providing guidance tailored to the corporate governance challenges unique to state-owned enterprises.

26

Internal corporate governance controls monitor activities and then take corrective actions to accomplish organisational goals.

Examples include:

• Internal control procedures and internal auditors: Internal control procedures are policies implemented by an entity’s board of directors, audit committee, management, and other personnel to provide reasonable assurance of the entity achieving its objectives related to reliable financial reporting, operating efficiency, and compliance with laws and regulations. Internal auditors are personnel within an organization who test the design and implementation of the entity’s internal control procedures and the reliability of its financial reporting • Balance of power: The simplest balance of power is very common; require that the President be a different person from the Treasurer. This application of separation of power is further developed in companies where separate divisions check and balance each other’s actions. One group may propose company-wide administrative changes, another group review and can veto the changes, and a third group check that the interests of people (customers, shareholders, employees) outside the three groups are being met.

• Remuneration: Performance-based remuneration is designed to relate some proportion of salary to individual performance. It may be in the form of cash or non-cash payments such as shares and share options, superannuation or other benefits. Such incentive schemes, however, are reactive in the sense that they provide no mechanism for preventing mistakes or opportunistic behavior, and can elicit myopic behavior.

• Monitoring by large shareholders and/or monitoring by banks and other large creditors: Given their large investment in the firm, these stakeholders have the incentives, combined with the right degree of control and power, to monitor the management.

External corporate governance controls: External corporate governance controls encompass the controls external stakeholders exercise over the organization. Examples include: • competition • debt covenants • demand for and assessment of performance information (especially financial statements) • government regulations • managerial labour market • media pressure • takeovers • proxy firms

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February 2017

CORPORATE GOVERNANCE Benefits of Corporate Governance : 1. Good corporate governance ensures corporate success and economic growth.

2. Strong corporate governance maintains investors’ confidence, as a result of which, company can raise capital efficiently and effectively.

3. It lowers the capital cost.

4. There is a positive impact on the share price.

5. It provides proper inducement to the owners as well as managers to achieve objectives that are in interests of the shareholders and the organization.

6. Good corporate governance also minimizes wastages, corruption, risks and mismanagement.

7. It helps in brand formation and development.

8. It ensures organization is managed in a manner that fits the best interests of all.

It has been suggested that we need to look more closely at how these different mechanisms—shareholders, boards, and managers—work together to affect sustainability outcomes. As these corporate sustainability initiatives become more embedded, we may have to rethink the role of corporate governance mechanisms to monitor all aspects of firm behavior that affect society at large.

Key References: 1) Various Media & Newspaper coverage of Corporate Governance of Infosys Company (Recent Articles) 2) www.hiffingtonpost.com 3) www.wikepedia.com 4) www.proquest.com 5) Book on Corporate Governance: Promises Kept, Promises Broken: Jonathan R

CASE STUDY Case Study- ThreadSol’s equips Blackberrys for reduced material cost and escalated profits Suits, Trousers, Pants, Waist Coats, Jackets and khakis

Challenge–Blackberry’s aim was to optimize its planning and automate different processes in the cutting room. They were looking to achieve this as a part of their development strategy.

Mr. Nitin Mohan, Director Blackberrys on ThreadSol ’We use fabric from all over the world and it’s a huge cost for us.

Before our association with ThreadSol, we use to do a lot of excel and Back-of- the-envelope calculations to get into fabric orders and consumptions, and we saw an opportunity to save fabric and I’d confidently say we’re saving efficiently and reducing wastage with intelloCut from ThreadSol’

Owing to the nature of orders for suiting manufacturing, the planning team had to deal with multi-color orders with large sizes, each of which had different parts. As a result,it took days for the team to formulate an efficient cut plan.

This long process constrained them from tracking the various wastages on their cutting floorlike of end bit, damage, shortage/ excess etc. Remnant planning was one of the bottlenecks of the factory since end bit segregation was a tedious task.

These problems raised the need of cutting room optimization system.

Solution- ThreadSol introduced its material planning and optimization software, intelloCut, to the leading manufacturer.

In addition to solving the ardent need of automation in cutting planning, including roll planning, lay planning, numbering & bundling etc., it improved the floor plan management with the most efficient cut plan and on-floor entry through a new technology of tab app intello Green. This enabled real time data capturing from the floor which helped to segregate the endbits as per length, shade and shrinkage thus making an efficient remnant plan for maximum utilization of fabric in comparatively lesser time.

Result- Complete Automation and reduction of time leading tobetter utilization of fabric and reduction in wastages and execution time.

There porting system of in tello Cut assisted the factory in keeping track of every inch of fabric from store to cutting room.

These reports also helped them to keep a check on the wastages, consumption and status of all orders planned through intelloCut system.

February 2017

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27

YARN REPORT

YNFX MONTHLY PRICEWATCH REPORT Vidya Vadgaonkar Email: Vidya@ynfx.com Tel: +91 22 66291122 Mobile: +91 9619 293725

CRUDE OIL Crude oil prices edged up in Januaryafter producers’ compliance meeting of the world’s top oil producers was held to demonstrate compliance to a global output cut deal, but rising US drilling activity limited gains. Crude prices had jumped more after Saudi Arabia’s Energy Minister Khalid al-Falih told the World Economic Forum in Davos, that 1.5 million barrels a day of the roughly 1.8 million in cuts pledged by OPEC and non-OPEC countries, were already been taken out of the market.US crude prices jumped 0.9% on the month while Brent was up 0.8%as compared to previous month’s average.

US Futures averaged US$52.56 a barrel, up US$0.45 from Decemberand Brent averaged US$55.51a barrel, up US$0.46 on the month.

Naphtha cracks soared to a one-year high during the month while the market structure widened further in backwardation on persistent concerns over supply following a spate of refinery outages.

Asian naphtha market remained supported by strong North Asian demand, which pulled up CFR premiums to near double digits.ForJanuary, spot naphtha prices rose 7.4% on the month to average US$515.91 a ton CFR Japan.

POLYESTER CHAIN Ethylene prices in Asian markets hit a 4-month high in January while the difference between North and South East widened again.In Europe, ethylene spot climbed amid marginal tightening of material as producers built inventory due to maintenance.In US, ethylene spot rose to a 3-month high as ExxonMobil begins Louisiana turnaround.Prices averaged US$1,012.75-1,014.75 a ton CFR SE Asia, up 3.2% from Decemberwhile European spot rose10.8%to average Euro888.25-892.25 a ton FD NEW. US spot prices surged 29% on the month to average US cents 32.41-32.91 per pound FD USG.Paraxylene prices in Asian markets were at 18-month highs in January as regional supply was constrained by production issues, while market sentiment remained bullish. In US, paraxylene spot saw gains as Asia pulled US pricing higher.In Europe, paraxylene spot gained as fundamentals held firm on supply-demand mismatch.Asian marker, the CFR China averaged US$883.84-884.84 a ton, up 3.8% from last monthwhile European paraxylene were up 4.6% to US$790.75 a ton FOB Rotterdam. In US, spot paraxylene was at US$845 a ton FOB USG, up 8.9% on the month.

28

Mono ethylene glycol markets in China gained in January amid bullish market outlook post-Lunar New Year and concerns about tighter supply in February.In US, MEG spot climbed to a fresh 18-month high as February contracts were expected higher with continued pressure from rising Asian pricing.European MEG spot prices climbed as bullish ethylene contributed to the increase.MEG prices averaged US$918.75-923.75 a ton FOB SE Asia, up 4.8% in Januarywhile European spot was at Euro660 a ton NWE FCA, up 40.9% from December. US spot was at UScents 39.75-40.75 per pound FOB USG, up 26.2% on the month. PTA prices were up in Asia in line with the rise in raw material paraxylene values amid tight supply. In Europe, PTA January net contract price was assessed up, largely tracking the firmer initial settlement of the January paraxylene, which increased on the month. Prices averaged US$650-652 a ton CFR China, up 3.8% from Decemberwhile European price was at Euro675-709a ton FD NWE, up 5.5% on the month.Polyester chip prices were stable toup while trading was insipid. Offers for semi dull chips rose 1.7% to US$1,115-1,130a ton and super bright chip inched up 1.3% to US$1,097-1,111 a ton.

Polyester filament yarn markets in Asia were quiet in January and prices remained stable amid thin spot trades.In India, after cost rising for several weeks, POY prices were lifted to partially cover cost amid modest trades while downstream maintained the needto basis demand for lowest production.In Pakistan, selling indications for DTY yarn were rolling over amid unstable raw material trend.In China, POY 75/72 prices were up US cents 3 at US$1.34-1.36 a kgin Shengze while Indian POY 130/34 prices were up US cents 13 at US$1.38 a kg. In Pakistan, 300/96 DTY prices were at US$0.61-0.71 a pound, unchanged on the month.Polyester staple fibre markets in China were calm as holiday atmosphere in the overall polyester market got strong with the Spring Festival by the end of month.In India, PSF prices rolled over after they were hiked mid-December as cotton prices have started sobering.In Pakistan, PSF prices have been stable during the month since the increase in December.In China, 1.4D PSF was at US$1.19-1.21 a kg, rolled overfrom December.

In India, 1.2D PSF prices were at US$1.25 per kg,unchanged from previous month. In Pakistan, prices in Karachi were at US$1.18-1.20 a kg, up US cents 3 on the month.

NYLON CHAIN Benzene prices in January rose in Asian markets on thin supply and few trades.

In US, spot benzene rallied to another 25-month high as upward momentum resumed amid renewed buying interest and still tight supply.

In Europe, benzene prompt

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February 2017

YARN REPORT fundamentals were extremely tight as February rose in line with January.Asian marker, FOB Korea rose 11.2% in January to average US$936.63-937.63 a ton while US spot prices surged17.4% to US cents 318.20-318.30 per gallon FOB USG. European spot was up21.5% to average US$991.50-992.50 a ton CIF ARA and FOB Rotterdam.Caprolactum prices inched up on the back of moderate demand and recovering benzene amid tight supply. In China, both liquid and solid goods prices moved up. In contract, Sinopec and Fibrant Chemical announced settlement for January lower than their respective nominations. Downstream, run rates of polymerization units were at 70% and inventory up to 4 days’ worth.Asian caprolactam spot prices averaged US$1,942.50-2007.50 a ton in January, up 7.2% from last month.Sinopec settled its January contract US$2,590 a ton while Fibrant settled its January to US$2,600 a ton.

though, trading atmosphere was lackluster due to Lunar New Year holidays during the month. In India, prices were revised down since acrylonitrile cost had subdued in December.Buying interest picked up somewhat due to colder weather and producers were mulling to raise the prices in the latter half of the month.In Pakistan, ASF prices remained unchanged on the month as demand remained subdued.In China, offers for cotton-type staple were up US cents 9at US$1.88-2.00 a kg and medium-length staple were up US cents 10 at US$1.89-2.01 a kg.Sinopec’s January settlement prices for 1.5D staple fiber were at US$1.98-1.99 a kg from Shanghai Petrochemical, US$1.94 a kg from Anqing Petrochemical and US$1.93 a kg from Qilu Petrochemical. In Pakistan, 1.2D ASF prices were at US$1.88 a kg, unchanged on the month. Indian ASF prices were at US$1.84 a kg, down US cents 9 from December.

Nylon chip prices in January were hiked on support of surging raw material benzene and caprolactum prices during the month.

In China, discussions for high-speed spinning semi-dull nylon-6 chip were heard raised while low-quality goods were also talked up.In the meantime, staple fiber and monofilament makers saw narrow losses.Offers for Taiwan-origin chips averaged US$2,269-2,319 a ton, up 6.8% from last month. In China, bright conventional spinning nylon-6 chips were priced at US$2,666-2,939, up 5% from Decemberwhile semi-dull chips were offered at US$2,760-2,859 a ton, up 7.7% on the month.Nylon filament yarn offers in January headed north on cost push as caprolactum and nylon chip prices surged on cost push and supply constraints. Markets turned stable to firm on the back of high-priced nylon chips but buying interest was mute at high price. Demand remained lusterless and converters cut production.In China, semi-dull FDY70D/24F was traded at US$3.29-3.36 a kg, up US cents 28 from previous month while FDY40D were at US$3.50-3.65 a kg, up US cents 23 on the month.

VISCOSE CHAIN

ACRYLIC CHAIN Propylene prices in January were up in Asian markets amid thin supply.In Europe, derivative demand boost and January restocking lifted propylene prices.In US, spot polymer grade propylene touched 21-month high amid turnaround season as downstream producers continued to buy spot.Asian marker, FOB Korea averaged US$877.25-879.25 a ton, up4.4% from December, and CFR China was at US$920.50-922.50 a ton, rose2.4% from previous month. In Europe, CG propylene surged 16.8% to Euro 767.00771.00 a ton FD while spot polymer-grade propylene pricesin US were at US$47.13-47.63 per pound ton FD, up55.6%. Acrylonitrile prices surged during the month on tighter supply and rising feedstock propylene cost.In US, acrylonitrile spot rose on global tightness and supported by the significantly higher January propylene settlement. In Europe, acrylonitrile fundamentals continued to support price rise with the rise in feedstock expectations.European prices jumped 12.9% to US$1,240.50-1,244.50 a ton CIF Medwhile US export assessments averaged at US$1,227.50-1,237.50 a ton USG, up14.2% on the month. Asian marker, the CFR Far East Asia rose 8.9% to average US$1,346.50-1,348.50 a ton.

Acrylic fibre markets in China were stable in January and producers hiked prices driven by higher cost, despite cautious mood.

Downstream mills slightly followed up, amid moderate sales. Al-

February 2017

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Viscose staple fibre producers in China made tentative price hikes in Januarywhile markets were calmamid holiday atmosphere.

In China, offers for VSF averaged US$2.42 a kg, up US cents 15 on the month.In Pakistan, VSF prices gained seeing cotton and PSF prices firming up during the month.

In India, VSF prices remained unchanged, on stable to firm spun yarn prices.In Pakistan, 1.5D VSF pricesrose US cents 4at US$2.28 a kg. In India, producers’ prices were at US$2.11 a kg, down US cent 1from last month.Viscose filament yarn producers raised offers in the initial period of the month, however, markets saw thin trading activities due to Spring festival holidays. In India, VFY markets were a bit subdued due to the demonetization policy and cash crunch.

In China, 120D dull VFY offers averaged US$5.92a kg, up US cents 10 while bright was at US$5.94 a kg, up US cents 9. In India, 120D bright VFY was at US$5.79a kg, down US cents2 from last month.

Dissolving pulp market saw brisk trading atmosphereduring the month. Offers for hardwood pulp were at US$930-940 a ton while softwood pulp was at US$1,020a ton.

COTTON Cotton markets were bullish in January as a marketing year high was reported in US export sales which propelled an advance in cotton futures.

The Futures were also helped by the weakening US$, which made commodities dearer in US$ terms.Spot March gained 181 points in the last week to close at US cents 74.85 per pound.The March contract on ICE Futures US rose 5% for the month to average US cents 74.14.

The Cotlook A index climbed4.5% closing January at an average of US cents 83.36 per pound. The China Cotton Indexedged down0.3% on the month to 15,825.50yuan a ton. In Pakistan, cotton market saw regular flow of buying orders from spinners. Prices rose from the outset touching seasonal high on brisk activity. The issuance of SROs for textile package coupled with duty imposed on fine cotton yarn imports, induced sentiment. The official spot rate averaged PakRs6,666per maund ex-Karachi, up4% on the month.In India, af-

29

YARN REPORT ter an unusual rally at the start of the harvest season, cotton prices headed up as arrivals drifted disrupted by the demonetization policy. Most varieties saw prices surge 2.6-13.9% in January.

SPUN YARN Cotton yarn prices in Chinawere stable to up in January amid lukewarm sales.

Traditional 32s and 40s saw sound trades, with producers reporting 10-15 days’ worth of inventory. Though sales were tempering, given rising cost of new cotton.In India, cotton yarn prices were raised on the month supported by the jump in cotton indicator, reflecting pressure faced by spinners in the current period.However, cotton yarn markets were relatively firm where the demonetization process continued disturbing market activities. In Pakistan, cotton yarn prices were down on the month, over a significant drop of market activities on the Faisalabad and Karachi yarn markets.In China, 32s cotton yarn in Shengze market was up US cents 4 at US$3.28-3.32 a kg while 21s were at US$3.14-3.20 a kg, up US cents 3 from December. In India, 30s combed for knitting were at US$3.01 a kg, up US cents 19 on the month while carded were at US$2.63 a kg, up US cents 5 on the month. In Pakistan, 10s carded yarn was at US$1.78 a kg, down US cents 18 on the month.

polyester spun yarn prices to increase sharply during the month.

In Shengze, offers for 32s polyester yarn were at US$1.82-1.85 a kg, down US cents 4 from December.In India, 30 polyester knit yarns were at US$1.95 a kg, up US cents 2 in Ludhiana market. In Pakistan, 30s spun polyester was at US$2.55 a kg, up US cents 21 a kg. Spun viscose yarn prices in China gained on the month amid thin transactions. In India, viscose yarn prices remained unchanged, in line with steady VSF trend.In Pakistan, demand for viscose yarns was on a recovery on the domestic market in line with rising business activities. In Xiaoshan, 30s spun viscose were at US$3.02 a kg, up US cents 19on the month. In India, 30s viscose prices were at US$2.63 a kg, unchanged in Indore market. In Pakistan, 35s viscose yarn were up US cents 7at US$3.00 a kg in Karachi.

Spun polyester yarn prices in Januaryedged down in China amid poor enquiries and transactions.In India, polyester yarn prices inched up as spinners reported fall in production and also jump in inventory at the same time.In Pakistan, rising PSF prices pushed

Blended yarn prices in January were seen gaining grounds owing to rising cotton and cotton yarn prices. In India, a shift in demand was seen from cotton to poly-cotton and poly-viscose yarns which was expanding sales of blended yarn spinners. Prices of PV yarn were reacting to this change. In China, yarn markets were generally calmdue to Lunar New Year holidays while imports continued rebounding in recent months. In Pakistan, spinning margins have not yet recovered, as raw material costs of yarn producers have surged in the meantime. The government’s package to textiles is helping yarn prices to stay firm. A possible rise in capacities and thereby excess supply could however weigh on yarn markets in future.In India, PC 30s (52/48) were at US$2.57 a kg in Ludhiana market, up US cents 29 from previous month while PV 30s (65/35) were at US$2.20 a kg, up US cents 3 from last month. In Pakistan, PC 30s were up US cents 5 at US$2.58 a kg on the Faisalabad market.

In Qianqing market, polyester-cotton 32s (65/35) were traded at US$2.52 a kg, up US cents 4 while 45s (65/35) yarn were at US$3.34 a kg, up US cents 4 on the month.

SURAT REPORT

Surat textile entrepreneurs eager for knitwear fabrics : More than 1200 machines have been installed in last two yrs.

Synthetic yarn prices increased upto Rs 25/kg. : Dilemma for weavers The weavers of Surat are in deep trouble as the prices of synthetic yarn are increasing continously. During last one and half month, the spinners have increased yarn prices upto Rs 25/kg. The prices of various deniers of crimp and roto yarn rose by 15% to 20% in local market. Powerloom sources said, spinners are operating a price cartel to pressurise the weavers. If the yarn prices will not get reversed, the industry will suffer a huge loss.

After demonetization, because of cash crunch-workers shortage, most of the weaving units remained closed. The production of polyester fabric had fallen by almost 75% and Surat MMF industry suffered a big loss. Now after 3 months of demonetization, the industry is preparing for the upcoming marriage season in summer.

The weavers wanting to replenish their yarn stock are in tension with increase in yarn prices by the spinners.

In Surat local market, the current selling price of 80 crimp yarn is 118/kg. which was at 100-102/kg. in the first week of January. The prices of 80/72 semidal Roto reached at 118/Kg increased almost by 15% in the last one and half month. Powerloom sources said, there is no major hike in raw material prices and not much demand for the goods in the local market, still the spinners have increased the prices. By setting up a cartel, some spinners have increased the rates of various deniers. Now, weavers are in wait and watch mode and instead of stocking yarn in godown, they are purchasing yarn for a week or two. There is a fear in the industry that yarn price hike may destabilize powerloom sector.

30

Textile city Surat’s entrepreneurs has set their eyes for the manufacturing of Knitwear fabrics and garments. The increasing demand for knitted cotton fabrics are attracting the local MMF producers. More than 1200 knitwear fabrics machines have been installed in the city during last two years.

A business delegation from Southern Gujarat Chamber of Commerce and Industry(SGCCI), visited country’s knitwear hub, Tirupur last week. Tirupur has over 6,000 textile units manufacturing over three crore metres knitwear fabric/day. Tirupur’s annual export turnover is Rs 25,000 crore, which accounts for 90% of the country’s knit-wear exports.

SGCCI textile committe expert Dinesh Zaveri said, Approx. 1200 circular knitting machines have been installed in the city during last two years. Surat entrepreneurs are using filament yarn to make saree, dress and fancy fabrics from circular knitting machines. But, there is a good scope for fabrics used in garment industry also.

Product diversifation is necessory for Surat’s MMF entrepreneurs and cotton knitwear fabrics may give a new way. Knitted fabrics are used to make undergarments, socks, legins, sandos, vests etc.

These fabrics are in high demand in Europe and US market. Circular knitting machines are useful to make high-quality knitted fabrics.

Tirupur is targeting 1,00,000 crore fabrics exports in coming year.

Manufacturers in Tirupur are looking at extending their units and entrepreneurs here can serve them better. Textile entrepreneurs of Surat can grabe this chance to enter joint ventures and start manufacturing knitted-wear fabrics.

SGCCI has organised a seminar on ‘Business oppotunities in knitwear fabrics’ on 20th Fabruary.

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February 2017

BSE MARKET INDICATOR

TEXTILE COMPANY NET PROFIT INDICES AT BSE ( BOMBAY STOCK EXCHANGE) as on 17th February, 2017 Company Name

Last Price

Change

% Net Profit Change (Rs. cr)

Nahar Ent

117.75

-0.45

-0.38

42.9

Nahar Spinning

130.95

-0.95

-0.72

51.37

Ruby Mills

344.95

-12.95

-3.62

40.78

Pioneer

49.2

1

2.07

16.46

Loyal Textiles

680.2

2.25

0.33

25.98

VTM

31.35

0.05

0.16

9.32

Mafatlal Ind

262.25

2.55

0.98

17.12

Bhandari Hosier

3.14

0.1

3.29

4.07

Acknit Knitting

108.5

-1.05

-0.96

3.03

Company Name

Last Price

Change

% Net Profit Change (Rs. cr)

Victoria Mills

3,052.80

-7.75

-0.25

12.25

JCT

5.18

-0.06

-1.15

5.43

Virat Ind

89.75

-0.5

-0.55

3.02

Rai Saheb Mills

78.75

-1.75

-2.17

3.35

Spenta Intl

119.2

1.2

1.02

2.7

Bengal Tea

51

0.4

0.79

1.87

Sanblue Corp

4.24

-0.22

-4.93

2.27

Lakshmi Mills

2,300.00

-39.55

-1.69

1.05

TT

51.8

-0.15

-0.29

2.15

Jam Shri Ranjit

24.85

0

0

0.14

Ritesh Prop

6.94

-0.36

-4.93

1.74

Sheshadri Ind

3.86

0.18

4.89

-2.84

Suditi Ind

67.15

-1.3

-1.9

1.47

Soma Textile

11.52

-0.47

-3.92

-14.23

Riba Textiles

49.9

0.1

0.2

1.31

Bhilwara Tech

9.51

-0.49

-4.9

0.38

Vandana

0.33

0.04

13.79

0.14

Gokak Textiles

47.5

-1.3

-2.66

-23.86

LWS Knitwear

4.11

0.19

4.85

0.11

Arvind

376.5

-0.1

-0.03

318.85

High Street Fil

19.55

-1

-4.87

0.01

Nandan Denim

118

1.15

0.98

63.32

Arnav Corp

1.99

-0.01

-0.5

0.01

KG Denim

80.4

1.75

2.23

21.12

Filatex Fashion

4.82

-0.09

-1.83

-0.03

Aarvee Denim

73.05

-1.3

-1.75

7.03

Amit Intern

4

0.15

3.9

-0.18

R&B Denims

19.4

1.75

9.92

1.39

Shreeyash Ind

22.65

3.77

19.97

-0.88

Sutlej Textiles

840.5

2.25

0.27

143.36

Atlas Jewellery

71

1

1.43

-6.39

Garware Wall

639.05

21.05

3.41

61.88

Perfect-Octave

2.86

0.12

4.38

-6.44

Mandhana Ind

27.95

1.3

4.88

57.13

Krishna Life

0.19

-0.01

-5

-58.17

Bombay Rayon

155.25

-1.05

-0.67

48.85

KSL & Ind

17.5

0.4

2.34

-106.34

Lakshmi Machine

3,687.75

-33.1

-0.89

219.92

Alps Industries

7.36

-0.13

-1.74

20.22

Bannari A Spg

293.75

5.75

2

18.55

Stovec Ind

2,159.10

2.3

0.11

20.54

Voith Paper Fab

562

-5

-0.88

15.47

Indian Card

201.9

6.1

3.12

13.6

Premco Global

469.3

-5.75

-1.21

12.66

Integra Engg

30.25

-0.55

-1.79

1.3

Richa Ind

28

-0.15

-0.53

10.59

Lakshmi Loom

25.1

-1.3

-4.92

0.98

Aunde India

50

2

4.17

1.71

Chandni Textile

11.09

0.52

4.92

0.02

Bang Overseas

47.55

-1.5

-3.06

1.17

Veejay Lakshmi

59

1

1.72

-3.95

PDS Multi

148.1

0.1

0.07

0.14

SRF

1,593.20

50.7

3.29

360.87

JBF Industries

248.8

6.3

2.6

65.49

Birdhi Chand

46.1

-0.9

-1.91

0.08

Jai Hind Synth

3.19

0

0

0.07

Century Enka

316.35

7.3

2.36

59.46

BIL Continental

4.17

0.19

4.77

0.05

Nirlon

194.4

-3.1

-1.57

43.57

Khoobsurat

0.41

0

0

0.04

Pasupati Acrylo

22.1

-0.15

-0.67

29.93

Ghushine Fintrr

11.03

-0.97

-8.08

0.03

Filatex India

69.7

1.45

2.12

26.27

Navketan Merch

4.75

0

0

0.03

Indian Acrylics

15.35

-0.45

-2.85

20.62

Krishana Fabric

12.7

0

0

-0.16

Sumeet Ind

34.75

0.3

0.87

16.84

STL Global

14.94

-0.81

-5.14

-5.02

Zenith Fibres

123.3

4.05

3.4

8.49

SEL Mgf Company

3

-0.02

-0.66

-401.95

Modipon

27.05

0.4

1.5

6.37

Rupa and Comp

253.5

5.75

2.32

77.95

CIL Nova Petro

21.35

-0.9

-4.04

5.48

February 2017

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BSE MARKET INDICATOR Company Name

Last Price

Change

% Net Profit Change (Rs. cr)

GSL Nova Petro

2.2

-0.11

-4.76

Company Name

Last Price

Change

% Net Profit Change (Rs. cr)

2.38

Layla Textile

42

0.5

1.2

0.05

7.58

0.28

3.84

-0.1

2.06

0

0

-0.2

Guj Craft Ind

24.05

1.05

4.57

1.34

Haria Exports

Jaykay Enter

5.89

-0.11

-1.83

1.11

Anshus Clothing

Garware Synth

7.4

-0.25

-3.27

0.17

Cityman

7.08

-0.37

-4.97

-0.32

Prag Bosimi

3.6

0.02

0.56

-10.4

Zodiac Clothing

188.05

0

0

-3.61

Shekhawati Poly

0.7

0.01

1.45

-104.39

Triton Corp

0.38

0.01

2.7

-5.47

Lux Industries

693.25

2

0.29

51.34

Rainbow Denim

10.97

0.52

4.98

-9.73

AYM Syntex

81

-0.2

-0.25

47.75

VIP Clothing

50.95

-0.9

-1.74

-9.93

Sarla Performan

57.25

-0.05

-0.09

42.66

Meyer Apparel

3.43

0.03

0.88

-34.87

1,299.60

-1.95

-0.15

653.05

164.3

-0.25

-0.15

250.71

Ganesha Ecosph

205.75

-2.55

-1.22

24.86

Vardhman Text

Blue Blends

52.65

-1.05

-1.96

8.68

Indo Count

Valson Ind

33.5

-0.45

-1.33

3.92

Trident

69.5

-0.2

-0.29

228.45

Anjani Synth

25.75

0.25

0.98

3.74

Ambika Cotton

1,148.30

-0.6

-0.05

44.46

Binayaka Tex

745.75

-39.25

-5

3.34

Nitin Spinners

96.2

-0.75

-0.77

44.16

Weizmann

29.5

-0.05

-0.17

3.04

Suryalakshmi Co

110.15

-3.5

-3.08

30.05

Arex Industries

80

1

1.27

2.87

STI India

20.85

-0.05

-0.24

24

Olympia Ind

332.3

6.3

1.93

2.58

Rajapalayam

674.75

-2.1

-0.31

23.53

566

5.3

0.95

17.39

54.2

-0.15

-0.28

16.52

Blue Chip Tex

83

0.65

0.79

2.41

Super Sales

Mohit Ind

42.9

0

0

2.18

Morarjee Text

Vijay Textiles

46.2

-0.25

-0.54

1.01

Prime Urban Dev

33.65

5.55

19.75

14.54

360

0

0

14.26

124

2.6

2.14

12.55

Dhanlaxmi Fabri

39.9

1.9

5

0.62

Vishal Fabrics

MK Exim

9.82

0.42

4.47

0.24

SIL Invest

Supertex Ind

4.89

0

0

0.2

Nahar Poly Film

57.95

0.7

1.22

11.65

Gagan Polycot

3.54

0

0

0.16

Shiva Texyarn

280.45

0.95

0.34

10.85

Konark Synth

16.15

-0.85

-5

0.16

Maral Overseas

39.1

-0.9

-2.25

10.21

78.4

7

9.8

9.02

145.8

1.3

0.9

8.61

Oswal Yarns

3.96

-0.11

-2.7

0

Vardhman Poly

Suncity Synt

7.1

-0.37

-4.95

-1.18

Amarjothi Spin

Raj Rayon Ind

0.31

0.01

3.33

-286.68

PBM Polytex

78.5

-0.85

-1.07

6.76

4.57

-0.15

-3.18

6.13

24.55

0.85

3.59

5.91

Nakoda

0.42

0.02

5

-716.69

Surat Textile

Page Industries

14,309.15

-8.95

-0.06

232.66

Kallam Spinning

KPR Mill

577.5

4.95

0.86

155.54

Lambodhara Text

77.15

-2.15

-2.71

4.5

Kitex Garments

420.95

0.45

0.11

112.09

Ginni Filaments

26

0.35

1.36

4.4

Gokaldas Export

57.8

0.5

0.87

60.67

DCM

107.2

-3.75

-3.38

3.29

7.27

0.34

4.91

3.14

31.75

0.25

0.79

3.09

Monte Carlo

386.2

-3.55

-0.91

58.94

Bhilwara Spin

Soril Infra Res

93.2

1.55

1.69

55.27

Vippy Spinpro

Indian Terrain

164.75

6.85

4.34

33.02

Suryaamba Spin

62.75

-1.25

-1.95

2.97

33

0.2

0.61

2.54

51.75

0.75

1.47

2.27

Lovable Lingeri

229.95

-0.45

-0.2

23.18

Nagreeka Export

Celebrity Fash

11.5

-0.3

-2.54

21.4

Salona Cotspin

Poddar Housing

953.25

52.25

5.8

15.76

Forbes Gokak

1,828.45

-3.45

-0.19

2.22

Pearl Global In

145

-1.05

-0.72

13.32

HP Cotton

37.35

0.05

0.13

1.97

Ashapura Intima

410.8

3.45

0.85

12.38

Faze Three Exp

104.85

-1

-0.94

1.53

SPL Industries

25.7

-0.15

-0.58

8.83

Patspin India

13.75

0

0

0.78

Samtex Fashions

9.52

-0.5

-4.99

1.08

Sambandam Spin

102.85

0.45

0.44

0.42

Spice Island

22.05

-0.9

-3.92

0.28

Him Fibres

10.07

-0.14

-1.37

0.17

32

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February 2017

SHOW CALENDAR March 2017 3-6 GTE 17- NEW DELHI Place : New Delhi/ India, info: www.garmenttechnologyexpo.com 3-5 F&A SHOW Place : Banglore/ India, info: www.fnashow.in 7-9 Outlook Plus Latin America 2017 Place : Brazil, info: www.edana.org 7-8 NHPA Place : Prague/ Czech Republic, info: www.intnews.com/NHPA 9-11 Colombo international Yarn Fabric show Place : Colombo/ Sri Lanka, info: www.cems-yarnandfabric.com 12-17 Geo technical Frontiers Conference Place : Orlando/ Florida , info: www.geotechnicalfrontiers.com 29-31 GARTEX 2017 Place : Yangoon/ Myanmar, info: www.gartex-myanmar.com April 2017 2-5 Textyle Expo 2017 Place : Oran/ Algeria, info: www.textyle-expo.com 4-7 INDEX 17 Place : Geneva/ Europe, info: www.edana.org 6-8 Fibers & Yarns 2017 Place : Mumbai/ India, info: www.fibersnyarns.com 8-10 International Apparel & Textile Fair Place: Dubai/ UAE, info: www.internationalapparelandtextilefair.com 12-14 Technotex 2017 Place : Mumbai/ India, info: www.technotexindia.in 19-21 TPF Digital Printing Place: Shanghai/ China, info: www.cstpf.com 22nd Opportunity in current challenge in Weaving Sector Place: Vapi/ Gujarat, info: www.textileassociationindia.com May 2017 16-18 BCI Global Cotton Conference Place : Berlin/ Germany, info: vinay.kumar@bettercotton.org 22nd Planet Textile Place: Bangalore / India, info: www.planet-textiles.com

June 2017 7-8

EurAsian Geotextile Symposium Place : Beijing / China, info: www.edana.org/education-events/confer ences-and-symposia

February 2017

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8-10 Non Woven Tech 2017 Place : Mumbai/ India, info: www.nonwoventechasia.com 8-10 Fashion Connect / HOMTEX PLUS Place: Banglore/ India, info: www.fashionconnect.co.in , www.homtex.in 13-15 China Yiwutex International Textile Machinery Place : PR China, info: www.yiwutex.com 20-22 HEIMTEXTIL – INDIA Place: Delhi/ India, info: http://heimtextil-india.in.messefrankfurt.com/ July 2017 4-6 HGH INDIA Place : Mumbai/ India, info: www.hghindia.com 5-8 GFT 2017 Place : Bitex/Bangkok, info: www.gftexpo.com 20-22 YARNEX 2017 Place: Delhi/ India, info: www.yarnex.in 20-22 F&A SHOW Place : Delhi/ India, info: www.fnashow.in 29-31 GARTEX 2017 Place : Delhi/ India info: http://gartexindia.com August 2017 18-20 GTE – AHMEDABAD Place: New Delhi/ India, info: www.garmenttechnologyexpo.com September 2017 13-15 TechTexil India 2017 Place : Mumbai/ India, info: http://techtextil-india.in.messefrankfurt.com/ 21-23 YARNEX / TEXINDIA Place : Tirupur/ India, info: www.yarnex.in , www.texindiafair.com October 2017 29-31 Screen Print East Africa Place: Nairobi/ Kenya, info: www.screenprinteastafrica.com November 2017 15-17 INTEX South Asia Place: Colombo/ Srilanka, | info: www.intexfair.com 17-20 Texfair 2017 Place: Coimbatore / India, info: texfair@simamills.org 22-25 YFA SHOW 2017 Place : Delhi/ India, info: www.yfatradeshow.com December 2017 7-10 ITMACH INDIA/ ITS Exhibition Place : Gandhinagar / Gujarat , info: www.ITMACH.com / www.ITSexhibition.com

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February 2017

ITMACH India –International Textile Machinery & Accessories Exhibition Returns To Ahmedabad, India The 2nd edition of ITMACH India is scheduled from 7-10 December 2017 at India’s most modern exhibition venue - The Helipad Exhibition Centre, Gandhinagar, Ahmedabad, India. In its second edition, the show has grown to a much larger format covering 40,000 square meters of exhibition space at the picturesque venue. The show is expected to host over 750 exhibitors from around the world displaying most modern textile machinery and technology to over 45,000 business visitors in a four-day extravaganza.

ITMACH India would host entire ranges of textile machinery and technology in specific halls from Spinning, Weaving, Knitting, Dyeing, Printing, Processing, Digital printing, Nonwoven and technical textiles, Garmenting, Quality control and Utility machinery and so on. Already, several well-known machinery companies have confirmed their participation in ITMACH India and Stall Booking is now open to all potential exhibitors. The exhibition is jointly organized by K And D ITMACH Expositions LLP and Spinners Association (Gujarat).

Textile Sector: Booming Investment in Technology and Capacity Building Indian textile industry’s growing need of textile machinery and technology backed by continued investment and modernization of production capacities is expected to grow in the next 3 years. The prime drivers of the upbeat investment mood are Government’s enhanced allocation of funds towards technology up-gradation subsidy schemes, infrastructure building approach, export incentives and more importantly the fastest growing economy of the country. Adding to that are the lucrative state Government Textile Policies which are wooing investors to create employment and additional revenue sources. The state of Gujarat is leading the investment in textile sector for past few years. With investment worth US$ 1.2 billion announced by a couple of large textile players at the recently concluded Vibrant Gujarat Business Summit, the total investment plans in textile sector could easily exceed US$ 10 billion!

February 2017

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35

SKBS

Advt.

SHREE BALAJI SYNFABS

Contact: Suresh Saraf+91 9322 50 4449 / +91 9322 10 4449 | Nayan Saraf - +91 7498 88 1400 Office Landline - 91-22-6002 0119 / 9699 25 8834 Email : sureshsaraf2000@yahoo.co.in | info@shreebalajisynfabs.com sureshsaraf@shreebalajisynfabs.com | Website : www.shreebalajisynfabs.com

36 Room No.-17, Ground Floor, 342 Kalbadevi Road, Mumbai-www.textilevaluechain.com Address: 400002

February 2017

Dashmesh Jacquard & Powerloom Pvt Ltd

An ISO 9001:2015 Co.

58-A, Sec-25, Part-1st, Industrial Estate, H.U.D.A, Panipat-132104 (Haryana) INDIA (Ph) +91 180 4001938 / 2660975 (M) +91 9813193394 URL: www.dashmeshpowerloom.com / www.warp-tex.com

Mfrs. & Exporters of: Textile / Geo Textile / Technical Textile / Industrial Textile & Special Purpose Machinery Approved By Ministry of Textile (Govt. of India) Benchmarked under T.U.F.S

DASHMESH

Power Rug Loom for Wool / Cotton / PVC Jacquard Mats & Carpets

Jute / Coir / Boucle Weaving loom

Advt.

Size Available for: 20” to 5.25 Mtrs. Wide Carpet & Rugs weaving with maximum option of design creativity

Electronic Jacquard suitable for all applications like:-

Handloom / Shuttle loom / Needle loom / Rapier Loom / Air jet & water jet loom Available Hooks:- 72 – 2688 Write us at: sales@dashmeshpowerloom.com / rajmeet@dashmeshpowerloom.com February 2017

We also welcome your inquiries of Customize Developments

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February 2017

February 2017

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February 2017

Sumeet Poly Power Limited ISO 9001 : 2008 Certified

Manufacturer of 100% Cotton Yarn with the brand name ‘SUMICOT ’ Products : Yarns : * Ring Compact Yarns from Ne30/1 to 62/1. * Ring Combed Yarns from Ne 30/1 to Ne 62/1. * Ring Carded Yarns from Ne 30/1 to Ne 62/1.

By Products : * Comber Noil Waste * Flat Waste * Dropping/Likering Waste Cotton Knitted Fabrics :

Improving Quality,

Strength

& Output

: Registered Office :

Sumeet Poly Power Limited 504, Trividh Chamber, Opp. Fire Brigade Station, Ring Road, SURAT-395 002 Gujarat (INDIA). Phone : 0261-2328902 Fax No. 0261-2334189 Email: info@sumicot.com Website : www.sumicot.com February 2017

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January 2017

PREMIER Individual Spindle Monitoring System

Draft Monitoring

Energy Monitoring

Hall 7 Stall 710