Textile vision 2020 - From Dream to Reality! Doubling India’s textile trade share
Can India take its share of 4.5% in global textile trade to 9-10% by 2020? An ITJ Exclusive explores the dreams and realities. India is No. 2 in the global textile trade, next only to China. But the country’s share is a measly 4.5 per cent against the 45 per cent of China’s. The Indian textile and apparel industry was estimated to be worth Rs 6,25,930 crore in 2015 and is projected to grow at a CAGR of 9 per cent to reach Rs 9,35,123 crore, by 2020.
Spinners see only dark tunnel ahead
In my business life, I have not seen a worse situation than this, where such a big disparity is there between spot cotton prices and yarn prices. This disparity for such an extended period of time shows there is a deep rooted problem and it’s not a temporary feature. The current isolated spurt in Indian cotton prices has aggravated the situation to an extent that many can hear the death knell. The more disturbing fact is that no domestic yarn buyer is hassled or is rushing to buy yarn-they know cotton prices have moved 50 per cent and yarn just 20 per cent-still no anxiety! International buyers have diverted their orders as cotton in India has increased much much more in comparison to international cotton prices.
Pricing policy is required to keep cotton prices on par with international prices
The Cotton Textiles Export Promotion Council, known as TEXPROCIL, has been the international face of cotton textiles from India facilitating exports worldwide. The Council connects international buyers with appropriate suppliers and facilitates interaction that enables them to source their specific needs. Siddhartha Rajagopal, Executive Director, Texprocil, provides some wish-list for the industry and the Government in boosting cotton consumption in India.
Rising cotton prices to hit hard small players
The sharp rise of over 35 per cent in domestic cotton prices since May 2016 will squeeze ginners and spinners profitability by over 15 per cent, says India Ratings and Research (Ind-Ra). Ind-Ra expects prices to remain elevated around the current levels of Rs 120 per kg to Rs 127 per kg till the end of the cotton crop year of September 2016. The spike in cotton prices will adversely impact the profitability of pure cotton ginners and spinners due to their inability to pass on this steep increase to their customers, at once, due to decreasing cotton demand and increased competitiveness of manmade fibre.
The Cotton squeeze!
Soaring cotton prices are spinning the spinners’ future out of control. Dipping cotton stock is adding to the woes. At this stage, a sharp drop in cotton prices is only a far cry, reveals an ITJ Exclusive Report. Cotton has never failed in the last one decade to kick up controversies with various interests getting down to a tug of war trying to call the shots. The year 2006 is no exception. The sharp rise of over 35 per cent in domestic cotton prices since May 2016 is certain to squeeze ginners and spinners profitability by over 15 per cent, says India Ratings and Research (Ind-Ra).
Nonwoven technologies: A critical analysis
Nonwoven fabrics have quietly revolutionised consumer, medical, and industrial market places throughout the world, aver Laga SK, Vignesh Dhanabalan and Daniel Karthik. Nonwoven is an engineered fabric structure made directly from fibres, to provide specific function to ensure fitness for purpose. The term “nonwoven” is often used as a generic description of a fabric that is not produced by process of weaving or knitting, more broadly, a fabric that is different from a traditional textile fabric. Like textile fabrics, nonwoven is a planar structure that is produced with varying degrees of integrity, surface texture, thickness, flexibility, and porosity that involves low cost and production process.
India's nonwoven market is still in its infancy
Founded in 2012, AUTOTECH Nonwovens is a leading manufacturer of nonwoven fabrics for the automotive industry in India. AUTOTECH Nonwovens was set up recognising the need for a focused high quality nonwovens producer in India. AUTOTECH has carved a niche for itself as a manufacturer of choice for needlepunched nonwovens in India. Ankit Desai, Director, AUTOTECH Nonwovens, speaks to ITJ’s Sr Sub Editor Karthik Muthuveeran about the market for nonwovens in India, and its prospects and problems.
Nonwovens in India: Problems & Prospects!
There is a paradigm shift in thinking of Indian entrepreneurs in last five years. They are more adaptive to new things and new technologies today. But, unfortunately our Textile Industry players have not realized the latest trends. They still continue to manufacture same age-old conventional textiles. They are hardly taking any efforts for innovations. Though Technical Textile is growing at CAGR of 20 per cent in India having huge growth potential, there is no much investment in this sector and the main reason is lack of awareness about the markets.