The year 2013 has witnessed mixed fortunes for yarns and fabric. After initial brightness there has been sluggishness. Of course there appears to be little relief ahead in view of some movements.
Year: 2014
The industry went through many ups and downs during the year which was marked by a lot of uncertainty and anxiety related to both the market and government policy (including delay in TUF extension).
Year 2013 was the recovery year for Indian textile industry after sluggish financial years 2011 & 2012. The time was greatly supported by worldwide lower cotton prices, lower raw material price volatility, highest cotton crop production in 2012
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.
ndian textile industrys future is looking bright. In the last 8-month, there is a 17 per cent growth in apparel export. In textile fabric, the growth is 18 per cent. Last 3 years were bad for us, but 2013 started working well for the industry.
The stability and sustained growth of the Indian textile industry in 2013, amidst the economic crisis that the world has been facing especially in the manufacturing sector, revealed that the industry has gained the strength and maturity over the years to withstand the fluctuations in global trade to any extent.
Uster Technologies Ltd, the leading high technology systems manufacturer of products for quality measurement and certification for the textile industry, announces the acquisition of Jossi Systems AG to complement.