Home / Knowledge / News / Textiles / Demand of Indian fabric & made-ups increase

Demand of Indian fabric & made-ups increase

04
Sep '12
The Indian textile industry started reviving from the beginning of the year and more so in the recent past due to the increase in demand for cotton fabrics & made-ups textiles in the domestic & the international markets. The industry faced the worst ever crisis during the year 2010-11 due to the high volatility in the cotton prices, acute power shortage and glut in the domestic & international markets.

In order to help the industry, on 29th May, 2012, the government announced a debt restructuring package of Rs.35000 crores to reduce the stress and to revive the industry from the crisis. But the banks still await for the directions from the Government for implementing the package.
 
In a press release, Mr. S. Dinakaran, Chairman, South Indian Maharashtrian Association (SIMA) has stated that the demand for the fabrics & made ups has increased that enabled the textile industry across the value chain to stabilise its performance. He has stated that majority of the textile units in the country started breaking even after a long time in spite of abnormal increase in the costs of power, transport, labour and also cotton.
 
The price of Shankar-6, the predominant cotton variety has increased from Rs.91 per kg during June 2012 to Rs.107 per kg by the end of August 2012. During the same period the Hank Yarn price for 40s (40s carded hank yarn, 40s carded warp yarn and 40s combed hosiery yarn) has increased from Rs.222 to Rs.226 per kg; warp yarn of Rs.205 to Rs.215 per kg and in the case of 40s Hosiery it has increased Rs.221 to Rs.228 per kg.
 
Mr. Dinakaran has stated that the yarn prices are stable for the last three months inspite of substantial increase in the cost of production and the industry is able to breakeven due to improved capacity utilisation and demand.
 
He has added that the made-up textile exports to the US increased by 18% during the first six months of the year 2012 when compared to the exports done during the same period last year.  He has also said that the festival season demand has improved the domestic fabric requirements substantially.
 
SIMA Chief has appealed to the Ministry of Textiles & the Ministry of Finance to expedite the implementation of the debt restructuring package including passing a necessary resolution by the Cabinet enabling the NPA units covered under debt restructuring package to become eligible for TUF subsidy to sustain the viability of such events.
 
Mr. Dinakaran has also stated that the Indian cotton textile industry would continue performing better by taking advantage of cutback in cotton textiles production by the countries like China.

South Indian Maharashtrian Association (SIMA)


Must ReadView All

Pic: University of Cambridge

Textiles | On 28th Jul 2021

Cambridge produces plant spider silk to replace single-use plastics

Scientists from the University of Cambridge have produced a...

Pic: Shutterstock

Apparel/Garments | On 27th Jul 2021

US buyers to raise sourcing of RMG from Bangladesh: USFIA study

Nearly half of US fashion brands and buyers are eager to source more...

Pic: Shutterstock

Textiles | On 27th Jul 2021

ACSA, Cotton Australia receive govt grant for market diversification

The Australian Cotton Shippers Association and Cotton Australia have...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Asif Rahman, MIP

Asif Rahman
MIP

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

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

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

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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