Home / Knowledge / News / Textiles / “Allow 1280mn kgs of cotton yarn exports” – NITMA
“Allow 1280mn kgs of cotton yarn exports” – NITMA
05
Apr '11
Mr Ashish Bagrodia, outgoing President of the Northern Textile Mills' Association (NITMA) urged the Textile Commissioner to increase ceiling on export of cotton yarn to a minimum of 1,280 million kgs for the current fiscal year.

Mr Mukund Choudhary, Managing Director - Spentex Industries, has succeeded Mr Bagrodia as the new NITMA President.

He said that, in order to safeguard the spinning mills from incurring losses and closure, it is necessary that the cotton yarn export ceiling for the current 2011-12 fiscal be raised to a minimum of 1280 million kg. He further said that, this would even enable the sector to go all-out to attain country's ambitious goal of doubling its exports by 2015.

Cotton yarn exports were quantitatively capped at 720 million kgs by the government during last fiscal year.

He said, “3.5 million new spindles and 50 lakh rotors would be installed this year, which according to the calculation of the average count based on the statistics released by the Textile Commissioner, would mean an additional production of around 500 million kgs, thus bringing the sector's overall production for the current financial year to 4000 million kgs”.

However, the Office of the Textile Commissioner has arrived at a figure of 3,931 million kgs, he said.

As revealed by the official statistics released by the Textile Commissioner, four million new spindles were added to the installed capacity during December last year, coupled with which, cotton yarn production grew at a steady rate of 13 percent during the initial 10 months of last fiscal.

The former NITMA official stated that, considering the above data, India's overall cotton yarn output for 2010-11 fiscal should be 3,540 million kgs, up 15 percent over the previous fiscal year. However, the Cotton Yarn Advisory Board (CYAB) finalized the same at 3,510 million kgs.

“However, the government surprisingly has taken the consumption rise at 30 percent and finalized the consumption figures at 1,205 million kgs in 2010-11 as against 928 million kgs in 2009-10”, he said.

There is certainly no rationalization for such a rise, particularly when the Textile Commissioner Office's statistics itself portrays a rise of just 14 percent to 928 million kgs in 2010-11 over 814 million kgs in its previous fiscal, he added by saying.

“Moreover, a 30 percent rise in consumption in a year is something extraordinary and would certainly necessitate introduction of additional machinery and manpower, but then there are no substantiation as regards installation of that many powerlooms in any of the regions”, he observed.

Lastly, he even went to the extent of saying that, during the current financial year, cotton yarn consumption in the sector may not even rise at a rate equal to last year's, as many of the powerlooms have switched to synthetic, spun and filament yarns, which leads one to consider these consumption dataas illogical, he concluded by saying.

Fibre2fashion News Desk - India


Must ReadView All

Bangladesh panel to revise minimum wage for garment workers

Apparel/Garments | On 16th Jan 2018

Bangladesh panel to revise minimum wage for garment workers

The Bangladesh labour and employment ministry recently formed a panel ...

Bruckner to supply dry finishing lines for textile project

Textiles | On 16th Jan 2018

Bruckner to supply dry finishing lines for textile project

Bruckner, a producer of high-tech lines for the dry finishing of...

Courtesy: Carrefour

Apparel/Garments | On 16th Jan 2018

Carrefour signs strategic agreement with Showroomprive

Carrefour, the second largest retail chain in the world, has...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

January 2018

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
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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