Home / Knowledge / News / Textiles / Invest in backward integration to be competitive – experts
Invest in backward integration to be competitive – experts
29
May '10
On pressure from the value-added textile sector, the government of India had imposed a ban on raw cotton exports from the country in April, which was withdrawn subsequently on May 21, at a time when farmers start cotton sowing activities.

Among many other measures suggested by the textile industry is a proposal to create a cotton buffer stock by the government to help check the volatility in cotton prices, which upsets the productions costs of textile companies.

The government, as and when it takes a decision to protect the interests of one of the segments of the textile value-chain, obviously upsets the other segments. The imposition and later withdrawing the ban on cotton exports is a classic example.

India's cotton output has nearly doubled in a period of just seven years, by means of adopting the latest technologies. Cotton production which stood at 17 million bales in 2002 has now touched 30 million bales in the previous year.

The biggest drawback that has impacted all-round and holistic growth is the matter of backward integration. Other than a few firms like, Reliance Industries, which started off with fabric manufacturing and is now at the last stage of backward integration; oil exploration or for that matter, Arvind Ltd, which has forayed in to contact organic cotton farming, there are not many others of their ilk.

The Chinese textile and apparel sector for example is also cowed down by increasing labour and raw material costs. But it has been able to retain its competitiveness by investing in technology and increasing scale, which has helped it climb up quickly the path of recovery and is now reporting growth in exports since the last few months.

The Indian textile industry has always been clamoring for government control on the raw materials it consumes, but at the same time derides those controls, when it relates to the finished products that they produce.

It is high time, companies across the value-chain invested in backward integration stage by stage as a measure to retain global competitiveness, aver experts.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Vaanee Bhatia
Gritstones Clothing

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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