Interviews
News Flash
Prospect of textile industry looks quite promising – Alok Industries
01 Dec '08
3 min read
Since September 2008, Cotton prices have continuously come down from about Rs28000 per candy to about Rs20,000 per candy. (1 candy = 355 kgs). Surplus cotton position in India is likely to keep the prices at lower levels.
Other Input costs like energy costs (due to reduction in furnace oil cost), dyes and chemicals etc. have come down significantly.
Rupee has depreciated to about Rs50 per US Dollar resulting in improvement in margins for textile exporting companies.
Larger industry players are already doing well with strong order book position from big retailers. However, even the small and medium players' prospects are good as medium to small size orders will start percolating to them.
Demand in the domestic market continues to be good.
Thus prospects of textile industry in medium to long term looks quite promising.
Other Input costs like energy costs (due to reduction in furnace oil cost), dyes and chemicals etc. have come down significantly.
Rupee has depreciated to about Rs50 per US Dollar resulting in improvement in margins for textile exporting companies.
Larger industry players are already doing well with strong order book position from big retailers. However, even the small and medium players' prospects are good as medium to small size orders will start percolating to them.
Demand in the domestic market continues to be good.
Thus prospects of textile industry in medium to long term looks quite promising.
Fibre2fashion News Desk - India
Popular News
Leave your Comments
Editor’s Pick
Therese Premler-Andersson
Textile Machinery Association of Sweden (TMAS)
Susanne Guldager
Label - La Femme Rousse
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
