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

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Divvya and Nidhhi Gambhir
Walnut

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

Vaanee Bhatia
Gritstones Clothing

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

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

October 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
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

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
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

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
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

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
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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