Home / Knowledge / News / Textiles / Positive signs indicate revival in textile sector
Positive signs indicate revival in textile sector
05
Oct '09
The textile industry is slowly showing signs of revival and coming out from the depressing stage it is going through in the last 12 months. Data culled from the Ministry of Textiles indicates that, fabric production has improved by 2.2 percent in the period April-July 2009.

Yarn production though, which fell in the first three months of the new fiscal showed positive signs of growth in the month of July, when corresponded with the same period of the previous year. Inventories of exporters also seem to be climbing down.

But, to witness a real rebound in textile and clothing exports from the country, the main markets of the US and EU need to report a rebound in their economies, which constitute a major chunk of textile and apparel exports from the country.

Consumer demand in the US is already showing gradual signs of revival, with sales of clothing in the US increasing by 2.4 per cent in August 2009, compared to the previous month, however, was down by 5.1 percent when compared with August 2008.

During 2008-09, there was a 1.91 per cent overall decline in fabric production and a decline of 2.22 per cent in spun yarn, according to Textile Ministry estimates. This is in contrast to a very positive run during the period 2005-06 to 2006-07 and a reasonably good 2007-08.

Yarn and fabric production increased by about 8-9 percent on an annual basis during the first couple of years and again by a moderate 5 per cent during 2007-08.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


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