Home / Knowledge / News / Textiles / SIMA: Appropriate technology to help Indian textile sector
SIMA: Appropriate technology to help Indian textile sector
19
Sep '12
Fifty third Annual General Meeting of South India Mills' Association (SIMA) was addressed by Chairman Mr. S. Dinakaran.

Meeting speech of Mr. S. Dinakaran:

The year 2011-12 witnessed a significant slowdown in textile production mainly due to the high volatility in raw material prices, erosion of working capital, slowdown in demand, acute power shortage in the States of Tamil Nadu and Andhra Pradesh, etc.  Majority of the textile mills in the country faced most difficult times in their history.  
 
The government had to announce a financial debt restructuring package of Rs.35,000 crores to sustain the survival of several hundreds of textile units consequent to concerted efforts made by the Association directly and also through CITI. Simultaneously, the increased demand for the textile products has enabled the industry to break even and now, there are signs of recovery. 
 
We have already sent the Annual Report of the Association to all our member mills in a CD form detailing the performance of the industry, various challenges faced by the industry and the role played by the Association in resolving the issues.  Hence, I shall briefly highlight about the performance, challenges and the actions taken by the Association.
 
During the cotton season 2011-12, the global cotton production was 27.16 million tonnes which was 8.2% higher than the previous year while the consumption was 22.74 million tonnes which was 7.1% lower than the previous year.  The closing stock increased to 13.79 million tonnes which was 48.2% higher than the previous year and stock-to-use ratio was at 62%, the highest since mid 1980s.
 
 For the global cotton season 2012-13, the production has been estimated at 24.87 million tonnes, around 8% lower than 2011-12 cotton season.  The consumption has been estimated at 23.53 million tonnes, around 3% higher than the previous season.  The global import is estimated to be at 8.10 million tonnes, around 16% lower than the previous year.  USDA has stated that the surging yarn imports by China might be the main reason for lower cotton imports.
 
Click here to read more details:
 
The textile industry needs a renewed belief and confidence in the medium and long term.  Appropriate technology aiming at value addition coupled with prudent financial management, innovative branding and marketing are essential to achieve a sustained growth.

South India Mills' Association (SIMA)


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

John Kelley

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

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

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

Karan Arora
Karan Arora

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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