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Booming textile industry with ever rising exports

02
Jan '06
The prices of textile shares have risen drastically after the elimination of textile quotas.

Companies like Arvind Mills, Aarvee Denim, Gokaldas Exports, and Mahavir Spinning have all gained from this situation.

Increasing demand in domestic as well as international markets and growing orders of most garment exporters has added to the development of the industry.

The industries are enhancing their capacities to cope with the growing markets.

A good indicator of the capacity additions happening in the industry is the disbursement of loans under the TUF's scheme of the government, which stood at Rs450 crore in FY05-06.

The healthy cotton output has also helped the advancement of the sector.

Growing order books and significant capacity expansion by major players, plus a focus on value addition promises a stronger performance by textile players in the coming year.

India's exports are expected to grow at 35 percent CAGR over the next three years.


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