Apparel and textile industry of India around 2.75 Lakh-crore

Ahmadabad: Apparel and textile industry of India of around 2.75Lakh-crore is likely to face global competitive edge in the rising field of cotton.
China is said to be world’s leader as cotton producer with 4.2-crore bales as against India’s production of around 3crore bales. Indian textile mills can bend their reduced cost production process in global market. According to the data collected by International Textile Manufacturers Federation (ITMF), estimated cost of production for Indian cotton Yarn is approx $2.13per kg which is much less than $2.89 per kg China and $2.81 US.

China stands ahead of India in competition where 35% cost advantage in India is basically because of the 100%rise in increasing production of cotton within the past 8 years. Natural fiber is gaining momentum now which has almost lost its position since early 80s to 2000 as against manmade fiber.
Cotton lost its share in the market because of the emergence of Reliance that brought its classy facilities of synthetic yarn. In the year 1982, the share was 62% which came down to 39% in the year 2001. Reason behind loosing the position was the introduction of man-made fiber which was much durable and cheap on cost.
During the mid of 2000, the trend was reversed somehow and ratio of both the fabrics man-made and cotton came out to be 50:50 which gave hope to the sector.
Entrepreneur at Ahmadabad said: High growth in cotton textile of the country is the result of a rise in people’s disposable income and availability of abundance of raw material.
Rise in Indian cotton production, 2000-01 from 1.4crore bales to 2008-09 more than 3crores, has brought a peculiar change in the industry.
Most of the Cotton areas of India went to Pakistan at the time of partition which led to scarcity during that period. It was only after 1970, that a phenomenal growth was witnessed in the cotton production sector of the country, stated by 40yr old veteran, PR Roy.
India has gained the position of net exporter after being cotton importer since around 4years. Due to the huge stock availability in domestic market, India has been able to improve its position in the competition of textile mills significantly.