Home / Knowledge / News / Textiles / Demand of Indian fabric & made-ups increase
Demand of Indian fabric & made-ups increase
04
Sep '12
The Indian textile industry started reviving from the beginning of the year and more so in the recent past due to the increase in demand for cotton fabrics & made-ups textiles in the domestic & the international markets. The industry faced the worst ever crisis during the year 2010-11 due to the high volatility in the cotton prices, acute power shortage and glut in the domestic & international markets.

In order to help the industry, on 29th May, 2012, the government announced a debt restructuring package of Rs.35000 crores to reduce the stress and to revive the industry from the crisis. But the banks still await for the directions from the Government for implementing the package.
 
In a press release, Mr. S. Dinakaran, Chairman, South Indian Maharashtrian Association (SIMA) has stated that the demand for the fabrics & made ups has increased that enabled the textile industry across the value chain to stabilise its performance. He has stated that majority of the textile units in the country started breaking even after a long time in spite of abnormal increase in the costs of power, transport, labour and also cotton.
 
The price of Shankar-6, the predominant cotton variety has increased from Rs.91 per kg during June 2012 to Rs.107 per kg by the end of August 2012. During the same period the Hank Yarn price for 40s (40s carded hank yarn, 40s carded warp yarn and 40s combed hosiery yarn) has increased from Rs.222 to Rs.226 per kg; warp yarn of Rs.205 to Rs.215 per kg and in the case of 40s Hosiery it has increased Rs.221 to Rs.228 per kg.
 
Mr. Dinakaran has stated that the yarn prices are stable for the last three months inspite of substantial increase in the cost of production and the industry is able to breakeven due to improved capacity utilisation and demand.
 
He has added that the made-up textile exports to the US increased by 18% during the first six months of the year 2012 when compared to the exports done during the same period last year.  He has also said that the festival season demand has improved the domestic fabric requirements substantially.
 
SIMA Chief has appealed to the Ministry of Textiles & the Ministry of Finance to expedite the implementation of the debt restructuring package including passing a necessary resolution by the Cabinet enabling the NPA units covered under debt restructuring package to become eligible for TUF subsidy to sustain the viability of such events.
 
Mr. Dinakaran has also stated that the Indian cotton textile industry would continue performing better by taking advantage of cutback in cotton textiles production by the countries like China.

South Indian Maharashtrian Association (SIMA)


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

Indian inter-ministerial group to study e-commerce issues

Apparel/Garments | On 19th Apr 2018

Indian inter-ministerial group to study e-commerce issues

The Indian Government has set up an inter-ministerial group to study...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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