Outlook 2014.PDF

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- Mittal Patel, Director, ABC Corporation, Ahmedabad"lndustry needs an overhauling"

rFhe Year 2013 was of mixed type for Indian textile

I inarrr,ty. on the one hand the mill sector (spinning/

weaving) nia a gooa year, the decentraliibd powerloom

weaving sector had one or the other hiccups like power

cuts, high tariff in power, Iabour strikes' some state

policies like LBT in Maharashtra, etc'

Textile is the highest employment providing industry

in India besides agriculture, so it will always remain a

satisfactory growing industry' Also good monsoon season

last year will help it to sustain momentum till next season'

the industry, paiticularly weaving, needs an overhauling as

it is behaving like an old car asking for replacement

immediately. We are at least 15 years behind China in

terms of technology and maybe 5 years from even poor

countries like Bangladesh and Pakistan' This gap needs to

be fulfilled by hitech machines in weaving industry and

getting good exports order from west only on basis of

iuafiti a'na not some lucrative government scheme/policy'

The wishlist is endless as Indians we are always

demanding everything from government and never try to

fut in tt aiextra efforts like the Chinese or Japanese' The'Government

should only try to curb corruption (in schemes

like TUFS and other subsidies), bring down import duties

for machinery not affecting Indian manufacturers' conduct

more seminais/exhibitions at subsidised rates in China/

USA/Europe to showcase talents and skills of Indian

manufacturers.f,i ' t t l=

g

Sunil Kumar Sharma, DGM, LoknayakJPNSSSG Ltd'

Nandurbar, Maharashtra.which insPires

cotton growers to sowing more cotton' Cotton Seed

developing companies are also working very hard to

develop high yield cotton seed to obtain higher cotton

produclion per hectare' Hence it seems that there is

significant scope for increasing the cotton bales production

Mittal Patel, Director, ABC Corporation, Ahmedabad'

,,Recgvery in developed nations provides Opp0rtunity"_ sunil Kumar sharma, DGM, Loknayak JpNsssG Ltd, Nandurbar, Maharashtra

\ Zear 2013 was the recovery year for Indian textile

I irrdrrr,ry after sluggish financial years 2011 & 2012'

The time was greatly supported by worldwide lower cotton

prices, lower raw material price volatility' highest cotton

crop production in 2012 and good export demands in yarn

f,r.it"a by China market with a strong dollar pricing'

The country crossed the export targets significantly

along with great suPport from domestic market' which

netpla Indiin textile industry recover from the nightmare

of year 201 1 when its backbone of industry was almost

cracked due to very high fluctuation in cotton pricing'

The year 2013 is not only important for financial

,".ou.ry but it will also remember for it's great heritage

u, ,o*" of most popular textile policies declared by the

various state governments of Maharashtra' Gularat'

Madhya Pradesh, Karnataka & Rajasthan and RR-TUFS

scheme by Govt of India to motivate the investment in

textile sector. Hence now it is the time for a good

valediction of year 201'3 for a better future of textile

industrY.

Indian textile industry is looking hopefully for coming

year 2o74,with a strong back support of last fiscal year'

india is second largest cotton producing counffy and also

second largestyarn producing

country in the

world. Our cotton

bales ProductionsignificantlYincreased in last

few years,

however we still

are behind in

cotton Yield Perhectare. In Iast

few years cotton

crop has become

a profitableagriculturecommoditY,

32 The lndian Texti le Journal I Januaryt 2014

in country. If present trend is sustained soon India will

produce more than 400 lakh bales per year. At the back of

good monsoon all over country, now cotton production is

expected around 382 lakh bales (ie, each bale of170 kg) for

year 2013-14. Looking to the continuous efforts in field of

cotton growing and increase iD.cotton production, India

has great potential to become top most cotton fibreproducing country in world.

Now have a look at the world top most cottonproduction country, China, which is suffering with their

huge carry forward stock, ie, Ending stock ofyear 2ol2-73

is 10440 thousand metric tons and China is expected to

have an ending stock of 12520 thousand metric tons in

year 2O73-74. While cotton bales consumption of China is

reduced by approximately 5 per cent in year 2012-13 as

compared to previous year.

This huge carryforward cotton stock has put huge

pressure on Chinese government, forcing it to discourage

the cotton bales import. Not only carryforward stock of

China increases but world cotton stock is also reaching an

all-time high level (ie, Projected world cotton stock for year

201,3-74 is 1.8.27 million metric tons which is almost 20 per

cent higher as compared to last year) and world ending

cotton stock for 2074 is again projected as 20.3 million

metric tons.

Highest cotton bales production & stock will lead to

Iess ups & dovrms in cotton pricing and will definitely

support spinning industry for easy & better quality product

availability at throughout the year. Mostly in Gujarat,

Maharashtra & MP many ginning factories are going to

take further expansion in spinning sectors to get the

maximum benefit of new textile policy and value addition.

The revised restructure technology fund scheme(RR-TUFS) by government of India will also boost new

investment in textile sector. Hence it is expected to

increase the spindleage capacity in coming year.

In year 2013 our yarn export achieved a new height

with the support of European & Chinese market demand.

Labour cost in China is continuously increasing and

spinning sector in China is also suffering for labour shor-

tage which is badly affecting the spinning productivity.

India has great opPortunity to fill this vacuum by increa-

sing yarn export. overall it seems that year 2014 will be

a record production year for raw cotton and cotton yarn

as well as man-made fibre yarn production too.

Most of the factors seem to be suitable for spinning

industries like less volatility in cotton pricing, availability

ofgood quality cotton, expected good export demand from

China, Bangladesh and European countries, hence we

expect that Indian spinning industries will be in full

swing in year 2074.

In clothing and readymade garment sector India is

facing very strong competition from their neighbouring

countries like Sri Lanka, Bangladesh and China and it will

be continue in year 2014. However economy recovery in

most of the developed countries will provide better

opportunity to Indian clothing & garments industry to

expand their scope.

In totality we are very hopeful for New Year 20t4, a

great opportunity is looking ahead for Indian textile

industry where the country may achieve leadershipposition in textile world. After agriculture textile is second

largest industry in India and hence the expected growth in

throughout textile supply chain will also energise the

country's GDP and employment position.

Expected export growth of textile products in coming

year will increase the foreign currency flow in country

which will also strengthen the Indian currency.

"lts time to look beyond commodity textiles"- Arnab Sen, Asst Professol NIFT, Bhopal

Th. stability and sustained growth

I of the Indian textile industry in 2013,

amidst the economic crisis that the worldhas been facing especially in the manu-

facturing sector, revealed that the industry

has gained the strength and maturity over

the years to withstand the fluctuations inglobal trade to any extent.

In order to manifest this stability in awider perspective, it is time for the textileindustry oflndia to look beyondcommodity textiles, limited to wears andfurnishings, towards technical textiles.

Arnab Sen, Asst Ptofessor, NlFlBhopal.

There lies an unending scope of growth in

this sector, the demand being on a constant

rise in the areas of medical, geo- and archi-

tectural textiles, generated chiefly out ofthe

extensive need for biodegradable materials.

The faster the underlying potential is

exploited, the more gainful the Indian textile

industry can be!

The focus in2Q74 thus needs to be a boost

in concerted efforts from the industry and the

R&D centres towards development of newer

biodegradable fibres ofnatural origin and

their conversion into technical textiles.

34 The f ndian Texti le Journal I January 2014