Home / Knowledge / News / Apparel/Garments / Surging raw material cost impacts textile exports
Surging raw material cost impacts textile exports
21
Oct '10
Enterprises producing export oriented goods are battling with soaring prices of raw materials, as the fourth quarter begins and many firms are facing higher production costs. The industries dealing in garments, seafood and wooden sectors are facing the impact of soaring raw material and input prices.

The enterprises in these sectors are making an effort to surmount the shortage of capital for production and electricity. Cotton prices in the global market have showed 45 percent growth compared to the prices of last year.

Low input supply affects the cost of production in domestic textile and garment sector. This year, just 5 percent of cotton requirement of the domestic textile and garment industry has been fulfilled. The country is likely to trade in 370,000 tons of cotton from foreign countries, by the end of the current year, for textile production. Last year, the country had imported 300,000 tons of cotton.

Moreover, to overcome the shortage of electricity, garment and textile manufacturers are also expected to make investments on electricity generators. In spite of all the challenges, textile and garment sectors are expecting to achieve this year's export target of $10.5 billion.

Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search