Diwali brings fun-time for everyone especially for textile markets in Surat. People are heading up for extended vacations for 10 days. Generally this number was 5 earlier when the textile markets used to stay closed during the festival time. Some of the traders have plans for shutting their shops on Oct 17 for Diwali but opening them on Oct 19, New Year of Gujarat for increasing positive energies towards their businesses. The day is often regarded as Muhurat business. Long break is attributed to default cases resulting since around 20days with subsequent decrease in the demand for sarees and other fabrics.
According to a textile trader “Stock over piling in finished goods would be reduced as an effect of vacations for around 2 weeks time”.
Many textile traders reported that the market has slowdown because of the festive season and there was around 40% reduction in the demand for goods. Other state’s buyers were much more interested in purchasing since the mid of September. Rise in food prices and rains were the major reasons for this cut down by the buyers especially in Punjab, U.P, Madhya Pradesh and Delhi.
Amnesty: Nigeria Delta not yet over, statement by Textile Union
Kaduna, Nigeria: According to National Union of Textile workers, Nigerians should not get overjoyed about their achievements that are being recorded in the Niger Delta, reason being, the crises that are not likely to get over sooner. Nigeria’s re-industrialization and development are closely associated with the crisis which is still away from their end. Thorough learning and quick improvement is the challenge specifically on the lessons coming from the amnesty that lasted two months approximately.
Chinese textile and garment industry
Faster growth and expansion in the textile and garment industry of China is being witnessed in recent years. It employs maximum people directly in the industry along with other associated support activities which helps the sector to be one of the key role players in the Chinese economy. Export sales getting higher 42-fold since 28years expected to be $185bn which is more than 10times the garment and textiles import of China.
China is now regarded as World’s largest textile and garment suppliers and is also the largest source of similar imports in EU, Japan and USA. The country ranks as largest natural synthetic fiber producer in the World along with extensive operations for manufacturing fabrics, yarn and garments.
Showing posts with label recent textile news. Show all posts
Showing posts with label recent textile news. Show all posts
Tuesday, October 13, 2009
Tuesday, October 6, 2009
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.
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.
Subscribe to:
Posts (Atom)
