Home / Knowledge / News / Textiles / Cotton quality & price decide financials of textile mills
Cotton quality & price decide financials of textile mills
13
Aug '14
Mr. RS Jalan
Mr. RS Jalan
Capturing and buying good quality raw cotton at the right price is one of the important factors, which determines the financial performance of a textile mill, a top honcho at a vertically integrated textile mill tells fibre2fashion.

Speaking exclusively to fibre2fashion, RS Jalan, MD of GHCL Ltd, which manufactures and exports premium quality yarn, griege fabric and home textiles discussed the contentious issue of supply of good quality cotton and various challenges facing the textile sector.

He said, “In recent years, supply of cotton has become an issue due to frequent policy changes by the government especially on export of cotton. This policy deficiency has led to exporting of good quality cotton at cheaper price during cotton season and importing cotton at higher price at a later date.

“Indian mills are deprived of the right quality of cotton along with the right price. Sizable capacity of spinning mills in southern India produces fine and super fine counts and hence there is always an issue in getting the right quality cotton.

“Since the focus is on Bt cotton for long staple cotton varieties, the length of cotton fibres has come down and micronaire value has gone up, which seriously affects the working, when spinning fine count yarn. We need to give quicker and stronger push to improve the quality of long staple cotton varieties.

“Government has to extend support to the textile industry in the form of interest subsidy for working capital requirement to purchase raw cotton during the season, in order to compete with multinational trading community.”

When quizzed on status of Indian cotton in global markets, he informed, “India is only the country where numerous varieties of cotton are cultivated which help produce wide ranges of yarn counts ranging from very coarse to super fine. However, there are issues like quality in terms of adulteration/mix-up and high contamination which needs to be addressed.

“In the international market, Indian cotton is given least preference for producing high-end textiles mainly, due to serious contamination problems. However, in the current crop season, cotton export registration has touched 9.5 million bales, out of which around 9.2 million bales have already been shipped.”

Click here to read the whole interview.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Top executives
Textile & apparel bodies

The decision is transformational

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

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

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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