SM Industries, with its head office located at Islampur, Sangli district in Maharashtra, has been involved in the manufacturing of fabrics. Today, the company has about four Chinese loom manufacturers under its fold.
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The Indian industry must consciously work backed by intensive R&D towards exploring and finding new avenues of growth in technical textiles. Statistics and figures fly fast and thick when technical textile seminars and symposium are held.
Yogesh Kusumgar, Chairman of Kusumgar Corporates, can be rightly called a pioneer in technical textiles. He took a fascination for technical textiles in the 1970s when there was no specific name invented to indicate this new breed of textiles.
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
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.
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
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.