“Within Asian countries, it will always be difficult to compete against other low-cost countries like Bangladesh and Vietnam. India used to and still has inherent strengths in spinning and weaving sectors. The country should concentrate on exporting yarn and gray or finished fabrics to those countries which have competency in apparel making.
“Garments can be produced in any country since it entails low investment and can also be shifted as and when needed, however the same is not possible, in case of spinning units”, he concluded by saying.
Earlier in the morning, Mr Anson had told delegates at the conference that, since cotton competes with food crops for the same arable land, there are very few indicators of rise in global cotton output in the future.
“At the same time quantum of arable land is also going down. Harvested area of cotton also keeps going up and down, without any noticeable increase in last few years. Considering that cotton value chain consumes a huge amount of water, getting water in the future could prove to be a strain.
Polyester is the fibre of the future, but with consumers looking for moisture management and absorbent fabric clothing, cellulose fibre fabrics will be in great demand. The gap between demand and supply for fibres can be filled up, only by manmade textile fibres.
Fibre2fashion News Desk - India
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
