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Spinners expected to end Sept quarter on better note
25 Jul '11
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Mr Chaturbhuj Singhania, Director, Sutlej Textiles & Industries Ltd too adds by saying, “Fibre and cotton market is very volatile so buyers are showing wait and see stance towards the market and are also expecting a price reduction in the short term. They are mostly buying on a hand to mouth basis. Talking about the future outlook, it is expected that the market will become stable. However, we will have to see how the market performs”.
Speaking about investments that the sector may attract in future, Mr Natarajan said, “With an investment point of view, the entire costing of the textile value chain will stabilize in the coming days. So a lot of investment is expected in the weaving and processing sector”.
Speaking about investments that the sector may attract in future, Mr Natarajan said, “With an investment point of view, the entire costing of the textile value chain will stabilize in the coming days. So a lot of investment is expected in the weaving and processing sector”.
Fibre2fashion News Desk - India
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