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Knitwear apparel producers switch to synthetic fabrics
19
Apr '10
Knitwear apparel producers will now produce apparels created from man-made fibre instead of cotton yarn, which will provide the knitwear exporters with a wider-range of apparel items to be sold throughout the year, said an industry body.

During a press conference, A Shaktivel, President Tirupur Exporters Association (TEA) said that, a heavy dependency on cotton-made knitwear products would limit the export opportunities of knitwear industry entrepreneurs, to a very small segment of the market.

Goods made from synthetic fibres will help producers generate a variety of products, including winter wear and swimwear, among others. This will enable the producers to garner business all year round, as compared to the three-month business period for products made of cotton-fibre.

With the establishment of Knitwear Technology Mission by the Apparel Export Promotion Council, TEA already imports man-made fabrics from Taiwan. This helps in both production and overseas sales of knitwear products, to varied destinations, which will be further increased in the coming four year, informed Shaktivel.

Shaktivel also said that, in order to diversify trade beyond the traditional Western markets, knitwear exporters were also facilitated with sops by the Union Textile Ministry so as to penetrate into the Eastern markets.

He said that, with the impact of rising yarn prices and restrictions on cotton and cotton yarn exports imposed by the government, the impact of sops would be seen within three to four weeks and the prices would reduce steadily.

Shaktivel further stated that, though it is anticipated that the exports from Tirupur would be valued at Rs 115 billion this year, same as that of last year, these exports, incase of favourable business climate, could also go up by 10 percent this fiscal.

TEA has organized 30th India Knit Fair from April 21 to 23, which will be inaugurated by Rita Menon, Union Textiles Secretary. The fair will comprise about 200 stalls with an array of products on display, informed Shaktivel.

Fibre2fashion News Desk - India


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