Home / Knowledge / News / Textiles / Fabric processors witness renewal in orders

Fabric processors witness renewal in orders

08
Apr '10
The Ahmedabad Textile Processors Association (ATPA) which was facing a slump in order position just a few months ago is now witnessing a slow but steady growth in demand in new orders. According to an expert, order positions have seen a rise of between 12-15 percent in the last fortnight.

The slowdown in demand was not the only factor, troubling the industry, which also had to face the kind of price fluctuations, never seen before. Abnormal prices swings of between Rs 7-12 per metre were recorded in the dark days of 2009, against normal fluctuations of Rs 1-3 per metre.

To add to their woes, inventories also started piling up, due to which some resorted to a cutback in production, which also lead to laying-off of workers among a few units. But all that is a thing of the past, said, Mr Amarjit Singh, Director of Pee Gee Fabrics Ltd, one of the oldest fabric process house in Ahmedabad.

Speaking exclusively to Fibre2fashion, Mr Amarjit said, “The order position of the fabric processing industry has started improving since last fortnight and we expect it to further improve in the months to come, overall 2010-2011 shall be a good year for the textile industry as the economy is growing at a pace of 8 percent.

“But the biggest worry is the rise of prices of the raw materials, like yarns and chemicals. After good festival sales of Diwali & Christmas, the textile market faced a downfall in production and sales for the past three months as there was no big festivals and marriage season.”

He concluded by saying, “But the demand for value-added goods has picked up and we expect it to further pick up in the coming months. Overall 2010-2011 shall be a good year for the textile industry, provided the monsoon is also good in this year.”

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Apr 2020

UKFT campaigns to support small companies amid COVID-19

UKFT is urging the government to provide support for individuals or...

Pic: Shutterstock

Apparel/Garments | On 3rd Apr 2020

China's silk town Shengze sends face masks to Milan

The Shengze Chamber of Commerce in the city of Suzhou in China’s...

Pic: H&M

Fashion | On 3rd Apr 2020

H&M awards €1 mn to five innovations of fashion industry

From lab-grown cotton and creating fabrics from protein DNA, to...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

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

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


March 2020

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


Advanced Search