Cotton textile export target at US $12 bn within reach
Cotton cultivation has brought accolades for India. The cotton textile companies are not far behind in bringing in more praises & laurels for the country. In 2012-13, the members of The Cotton Textile Export Promotion Council -- TEXPROCIL,
Cotton cultivation has brought accolades for India. The cotton textile companies are not far behind in bringing in more praises & laurels for the country. In 2012-13, the members of The Cotton Textile Export Promotion Council — TEXPROCIL, exported close to US $10 billion of textiles to major markets in the world including China. This year the council has targeted to export US $12 billion and is confident of exceeding its target set once again.
According to Manikam Ramaswamy, Chairman of TEXPROCIL and CMD of Loyal Textiles, the country seems to have reached approximately the US $8 billion figure in cotton textiles exports during April-December 2013. So, the target of US $12 billion is within reach, he adds. However, the free duty access given to Pakistan by the European Union has upset the industry. If this status continues for more than two years, there will be serious trouble for the cotton textile exports, feel industry sources.
TEXPROCILs exports in 2012-13 were as follows: Yarn – US $3.5 billion; Fabric – US $2 billion; Home textiles – US $4.4 billion. TEXPROCIL is the first export promotion council set up in India in the year 1954, and is responsible for promoting cotton textile exports. TEXPROCIL has become the international face of Indian textiles, a one point stop for those who wish to source textiles from India. It has 3,500 members who are engaged in the exports of cotton textiles, ie, yarns, fabrics and Made ups including Home textiles.
The Indian Textile Journal spoke to a few of the achievers in cotton textile exports. A couple of them responded to us, and provided us with exclusive information on how they fared and won the race in cotton textile exports.
Indo Count counts on record growth, big expansion
Indo Count is scaling new heights every day and it is further cemented with the receipt of the Bronze Trophy from TEXPROCIL towards 3rd highest exporter in bed linens out of India for the 6th consecutive year.
Indo Count Industries Limited (ICIL), one of Indias leading vertically integrated textile manufacturing entities, was incorporated as a public limited company in 1988 by its promoter Anil Kumar Jain. ICIL completed its first spinning project by 1991 and started spinning combed cotton and blended yarn. Since its very inception, ICIL started exporting its combed cotton yarn to various countries and has established its niche in the Global market.
Thereafter, Home Textile Division was set up in 2006, the first-of-its-kind in the state of Maharashtra. The company has invested in modern technology and equipment across all areas of its operations. The manufacturing technology compares favourably with global standards and offers great speed, versatility, flexibility and quality. The capacity of this division is 50 million metres which constitutes 12 million sheet sets per annum. Products which are manufactured and exported are Sheet Sets, Duvet Sets, Bed Skirts, Pillow Cases, Quilts and Comforters. Majority of these products are sold in the key markets like USA, Canada, UK, Europe and Japan. The Company has major customers like Wal-Mart, JC Penney, Target, Macys, Bed Bath & Beyond, Sams Club, El Corte Ingles, Home Centre, ASDA, Debenhams, Metro and others.
In the year 2007, ICIL acquired Pranavaditya Spinning Mills Limited (PSML) which has 20,496 spindles, taking the total spindleage of ICIL Group to 80,016 spindles, producing around 14,000 tonnes of cotton yarn per annum.
It also has a consumer electronics division wherein it customises products like TV, Refrigerator, Washing Machine, etc for customers like Whirlpool, Onida & others.
The Group has employee strength of 3000 with its Corporate office at Nariman Point, Mumbai. Overseas office is based at New York