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Monforts reassurance for Indian yarn spinner Vardhman
23 Jun '08
3 min read
Completing the group is Vardhman Acrylics, another collaboration with Japanese companies, this time with Marubeni and Exlan, for the production of acrylic staple fibre.
Cotton yarn production, however, remains the group's mainstay, accounting for over 50% of its entire turnover. With ten production plants located in the states of Punjab, Himachal Pradesh and Madhya Pradesh, it is the largest exporter of yarn from India and accounts for approximately 6% of India's total cotton yarn exports.
Mr Oswal observed that this year India's cotton crop has grown to 5.2 million tons, making it second only to China's 7.5 million tons.
“If we work hard we can exceed that, but it requires a lot of initiating,” he said. “The government must do more. Industry is already heavily involved because it's in our interests.”
Cotton yarn production, however, remains the group's mainstay, accounting for over 50% of its entire turnover. With ten production plants located in the states of Punjab, Himachal Pradesh and Madhya Pradesh, it is the largest exporter of yarn from India and accounts for approximately 6% of India's total cotton yarn exports.
Mr Oswal observed that this year India's cotton crop has grown to 5.2 million tons, making it second only to China's 7.5 million tons.
“If we work hard we can exceed that, but it requires a lot of initiating,” he said. “The government must do more. Industry is already heavily involved because it's in our interests.”
A. Monforts Textilmaschinen GmbH & Co KG
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