– T Rajkumar, Chairman, SIMA
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 cotton yarn export will be either the same as last year or much better. Besides, with better crop arrivals from January and also the upswing in global cotton scenario, we expect a stable price in cotton. The price fluctuations will soon come down. We expect a good growth of yarn export, apparel export and also a boost in weaving activities. The entire textile value chain stands to benefit because of all these favourable conditions. The monsoon has been good.
This will also add the feel-good factor. Textile industry in south India will grow. Especially, there is going to be some good investment in Andhra Pradesh. Since TUFS has been extended, there is likely to be a good increase in the number of new composite units. Weaving segment is expected to get a boost because of the recent additional incentive in interest subsidy. Technical textiles are expected to get increased awareness and industry involvement, and SIMA is already working on proposals to give support to those industries desiring to enter into technical s.