Amidst developments in textile industry, how is the textile processing market taking shape?
Development in textile overall, is not so good because of low demand in the exports. The textile processing market obviously therefore is not in a good shape currently, and in the near future too scene would not be rosy because of the growing competition in the market and the low price of the dyeing fabric. To add to this, the raw material prices are going too high, resulting into much higher production cost and shrinking bottom-line.
The decrease in price plus the competition with other industries and low demand in export-destinations as well as local market in spite of festival season, etc.. are several issues by which textile players are hard pressed, presently.
Europe is main export market for
Besides, technological advancement, infrastructural up-gradation, good trade and excise policies are some external issues, on which Indian textile industry still needs to improve.
Published on: 15/11/2011
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