Home / Knowledge / News / Textiles / Indian spinning firms diversify into fabric making
Indian spinning firms diversify into fabric making
16
Apr '12
Several spinning mills in India are moving up the textile value chain by diversifying into production of fabrics in their effort to emerge as vertically integrated textile companies.

In recent years, spinning companies such as Maharaja Shree Umaid Mills (MSUM), Nahar Spinning Mills and Vardhman Textiles have entered the business of fabric manufacturing.

High operational cost, capital-intensive nature of spinning business, and frequent fluctuations in cotton price are among the factors that have driven these spinning mills to opt for moving up the textile value chain.

Moreover, the shift in focus on fabrics and apparel production would help spinning mills retain their profit margins, thus decreasing the negative impact of any slowdown in economy.

Speaking to fibre2fashion, Mr. Govind Sharda, Executive Director of Maharaja Shree Umaid Mills Ltd., said, “The diversification of spinning mills into production of fabrics is a simple value addition. If one makes a value addition, returns from the value addition are always greater compared to the original investment.”

“The yarn spinning business is susceptible to fluctuations in cotton and crude oil prices. The moment you take it to the next level, there is a natural shift because of the value addition, which is always supposed to be more remunerative or at least risk aversive,” he explains.

Making a mention of MSUM, he says, “At MSUM, one such project for fabric manufacturing is already underway. We initiated the project two years back, so we are already in the process of adding our capacities and we are coming up with a mega expansion. We expect our new project to be commissioned by September-October 2012.”

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search