Home / Knowledge / News / Textiles / Indian spinning firms diversify into fabric making

Indian spinning firms diversify into fabric making

16
Apr '12
Several spinning mills in India are moving up the textile value chain by diversifying into production of fabrics in their effort to emerge as vertically integrated textile companies.

In recent years, spinning companies such as Maharaja Shree Umaid Mills (MSUM), Nahar Spinning Mills and Vardhman Textiles have entered the business of fabric manufacturing.

High operational cost, capital-intensive nature of spinning business, and frequent fluctuations in cotton price are among the factors that have driven these spinning mills to opt for moving up the textile value chain.

Moreover, the shift in focus on fabrics and apparel production would help spinning mills retain their profit margins, thus decreasing the negative impact of any slowdown in economy.

Speaking to fibre2fashion, Mr. Govind Sharda, Executive Director of Maharaja Shree Umaid Mills Ltd., said, “The diversification of spinning mills into production of fabrics is a simple value addition. If one makes a value addition, returns from the value addition are always greater compared to the original investment.”

“The yarn spinning business is susceptible to fluctuations in cotton and crude oil prices. The moment you take it to the next level, there is a natural shift because of the value addition, which is always supposed to be more remunerative or at least risk aversive,” he explains.

Making a mention of MSUM, he says, “At MSUM, one such project for fabric manufacturing is already underway. We initiated the project two years back, so we are already in the process of adding our capacities and we are coming up with a mega expansion. We expect our new project to be commissioned by September-October 2012.”

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Aug 2021

Pingnan County in China investing ¥26 bn in textile industry cluster

Pingnan County in the Guangxi region of China is building a textile...

Pic: Shutterstock

Apparel/Garments | On 3rd Aug 2021

84% industrial units in Bangladesh reopen; union leaders concerned

Around 84 per cent of Bangladesh's textile and readymade garment...

Pic: Shutterstock

Apparel/Garments | On 3rd Aug 2021

Prime Content| Vietnam textile & garment exports at $17.953 bn in Jan-June '21

Vietnam earned $17.953 billion from textile and garment exports in...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search