Home / Knowledge / News / Textiles / TN spinning industry overrides rising raw cotton prices
TN spinning industry overrides rising raw cotton prices
03
Dec '10
Today, when the knitwear garment sector is uncertain about its future because of the rising prices of cotton yarn, the spinning sector appears to be very much positive about its fate.

Dr Selvaraju, Secretary General of the South India Mills Association, informed that there will be an addition of another 45 lakh spindles in the spinning sector next year, and that orders have already been placed for these spindles.

He remarked that during the last one year 33 lakh spindles were added, and also that considerably higher number of orders has been placed for next year. Three machine manufacturers are likely to source these orders, he added.

He foresees around Rs 100 to 110 billion worth of investments flowing in the spinning sector in years to come, and stated that these investments are very much required and bound to happen.

Further, he admitted that Tamil Nadu would attract fewer investments as compared to other states like Gujarat, Punjab, Rajasthan and Haryana. He also stated that extension of the Textile Upgradation Fund Scheme would further hike the demand and thereby the investments.

Replacement expenses are likely to consume around 30 percent of the total investments to be made in the spinning sector, while the remaining 70 percent is expected to go to green-field projects, majority of which are going to emerge outside Tamil Nadu, he stated.

Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Courtesy: Gucci/Pantone

Textiles | On 9th Dec 2016

Pantone announces greenery as colour of the year 2017

Pantone, an X-Rite company and the global authority on colour and...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Mark Paterson
Technical Absorbents Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search