In the recently concluded India-England cricket series Indian spinners performed abysmally low compared to their English counterparts. Spin bowling is considered as a forte of Indian bowlers, especially in the Asian sub-continent. However, the underperformance of Indian bowlers has raised serious concerns on whether the team should continue to bank upon spin bowling.
Interestingly, when Indian spin bowlers are struggling to rediscover their strength in spin bowling, Indian cotton spinning mills have mastered the art and science of intelligent spinning of Cotton yarn. They have not only emerged as quality spinners, but also have mastered skilful arts like Chinaman. In cricket, Chinaman is a typical bowling where left hand spin bowler bowls unorthodox spin. Such bowling is considered a strategic tactic as the bowl turns in unexpected direction providing an edge to the bowler even over the toughest of the batsmen. Indian Textile Spinning mill have bowled Chinaman by strategically changing the trade direction of yarn exports to China and have brought back the profitability and much needed capacity utilization.
Strength of Indian Cotton Textile Sector
Cotton spinning has long been one of the biggest strength of the Indian cotton textile industry. This sub-sector deploys world class technology and is considered as the most organised subsector of the industry. Further, India, being the second largest producer of cotton in the world, has an abundant supply of cotton for its spinning mills. India produces more than 3000 million kilograms of cotton out of which 13% is of finer counts (more than 41s Ne).
China: A New Market for Indian Cotton Yarn
Indian cotton spinners have traditionally been exporting cotton yarn to a number of countries. However, in recent years, the export pattern of Indian cotton yarn has witnessed an interesting catapult. Even a few years ago, South Korea and Bangladesh were the major export destinations for Indian cotton yarn. Their combined share of Indias cotton yarn exports volume stood at 26% in 2009/10 and 30% in 2010/11. China, the dominant player in global textile and apparel industry contributed only 9% of Indian cotton yarn exports volume in 2009-10. This number skyrocketed to 30% in the first six months of fiscal 2012-13 and the trend is getting even more prominent in subsequent months. On the other hand, combined share of South Korea and Bangladesh has reduced from 30% in 2010/11 to 20% in first six months of 2012/13.