We expect a good cotton and signs are already there. With this there will be certainly good export of yarn and garments in 2014. China is already importing a lot of cotton yarn, particularly up to 60s count.
Year: 2014
The year 2013 was of mixed type for Indian textile industry. On the one hand the mill sector (spinning/weaving) had a good year, the decentralised powerloom weaving sector had one or the other hiccups like power cuts, high tariff in power
Exports of Indian MMF textiles were not encouraging during 2012-13. The exports of man-made fibre textile which grew consistently during last 10 years have declined by 9 per cent during 2012-13 compared to the previous year and amounted only US $5.37 billion.
Our industry is here to stay! As I am writing these lines, the year 2013 is coming to an end, time to take stock of what has happened. I would request my readers to keep in mind, that what follows are the simple thoughts of a mechanical engineer
Indian textile industry is the second largest in the world, next to China. But the gap between the No 1 and No 2 is huge. If we go back to the 50s, India used to have a larger market share in the textile & clothing – say about 13 per cent.
We expect a good cotton and signs are already there. With this there will be certainly good export of yarn and garments in 2014. China is already importing a lot of cotton yarn, particularly up to 60s count.
We expect a good cotton and signs are already there. With this there will be certainly good export of yarn and garments in 2014. China is already importing a lot of cotton yarn, particularly up to 60s count.