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.
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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
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.
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.
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.