The surge in export demand for cotton yarn over the past few months has come as a major respite for the domestic spinners, who had reported a multi-year low profitability during FY2018 amid multiple headwinds. Even though the pace of growth is likely to moderate during the year with the base effect setting in, India is set to record strong growth in cotton yarn exports during FY2019. Commenting on the emerging trends, Mr. Jayanta Roy, Senior Vice-President and Group Head, Corporate Sector Ratings, ICRA, says, “Even though trends in domestic consumption of cotton yarn remain unencouraging, strong revival in export demand augurs well for profitability of domestic spinners as it has enabled them to pass on the increase in raw material costs, unlike last year. This together with access to low-cost cotton from the previous harvest season has helped the domestic spinners maintain the improvement trajectory in profitability in H1 FY2019.” The revival in export demand has enabled ICRA’s sample of large spinning companies report a comfortable volumetric growth of ~5% Y-o-Y in Q1 FY2019, which together with a 7% Y-o-Y increase in average yarn realisations to Rs. 211/kg has translated into a growth of ~12% in sales turnover during…
The textile market place is trade oriented and governed by many factors in multiple complex combinations; today we will address “Yarn Price” one of the important factors that governs the textile business in the market. The study of yarn price in relation to the yarn number is called “Yarn Price Index”, and in yarn number division as price per count, price per denier, price per tex. Example: 20’s Cotton Count sold at Rs.120 per kg will have its relative price index of Rs.6 per count and if sold at Rs.300 per 5 kg than the yarn will have price index of Rs.3 per count. Like wise for Denier and Tex count as well. The study of fabric price in relation to the GSM is more conclusive than for thread count as informative. The Clothing industry in relations to number of operations in accordance with price per operation in apparel making gives its price index. Textile market has critical price concern, as the cost of fabric produced will be bearing 25% to 60% as yarn cost depending up on the origin and fabric variety. The same is the case with Clothing industry were fabric cost bears 40% to 75% of the…
Technological advancement is need of the hour. Technology developers are constantly innovating to produce & upgrade technology of machineries that increase production, save time & make process simpler. Every now & then new technologies are introduced that brings massive change in production quantity, improvement in quality and operating time or ease out the process. All these advantages come with a price, it demands additional capital investment. Today for completing a single process there are multiple technologies available that do the same work in multiple ways. So when it comes to selection of a technology for textile machineries people just don’t jump to the latest version like in the case of smart phones. A detailed comparison of price to the need of advancement is carried out along with analysis of advantages that the technology will offer. Global Textile machinery market is witnessing tremendous growth buoyed by growing demand of textile & apparel market. It is forecasted to grow at a CAGR of 14.02% till 2018. The major countries manufacturing textile machinery are Germany, Italy, Switzerland, Japan, France and now China. The textile technologies are available in two version low cost (semi automatic) mostly manufactured in China for low cost countries and…
India for ages in textile world is well known only as a spinning country and so naturally for years the textile machinery segment has seen great demand from the spinning sector only which has resulted in the growth of market for machinery suppliers from India as well abroad. Recently the importance of value addition, low investments & huge returns in other sectors like weaving & garmenting has comprehended the entrepreneurs to develop integrated plants & look beyond just yarns. The weaving industry of India is still controlled by the unorganized sector. India manufactures only 5% of cloth through organized sector, 20% through Handloom sector, 15% through knitting sector and 60% is produced through decentralized power loom sector. From 2013-14 to 2015-16 the import of weaving machineries has increased with a CAGR of 13%. In 2015-16 India imported weaving machineries worth US$ 495.2Mn. The imports in 2017 have slightly reduced due to latest Indian financial reforms. As per fig 1 there is considerable increase by almost 30% in exports of weaving machineries. In 2016-17 textile machineries worth Rs. 6650 Cr were produced in India. Spinning machineries alone constituted 54% of share. Whereas weaving accounts for a mere share of 14%. The…
Apart from the above major achievements, the industry progressively has seen major developments in the production of Technical & Industrial Textiles covering around 25 different fields of new applications. A huge variety of revolutionary products have been brought into the world market as a result of technological innovations in new fibres, yarns, fabrics, processing methods, dyeing and finishing. Unforeseen a few decades ago, these products have been successfully imagined and developed and now on the whole have brought dramatic positive changes in our environment and life-styles. The most exciting new markets for Technical and Industrial Textiles from a potential growth/value-added/profitability point of view involve the high technology or high performance applications. The forecast as to what will happen most likely in the technical and industrial textile world during the next decade is one of growth in spite of the current global financial situation.Global initiative has exploded in a big way in the recent years, creating an awareness of the impact our everyday life is creating in the environment. With an attempt to boost their sales, various sectors are enhancing their ecological credentials through the development of business strands, and through the manufacture of earth friendly products. The need for truly…
Surat based high-quality fabrics and designer womenwear manufacturer & exporter, Parvati Fabrics has launched 'Raisin' brand - a contemporary clothing line for the modern Indian woman. Renowned actress Bhumi Pednekar has launched 'Raisin' in a programme organised in mumbai on 14th August. The director of Parvati Fabric Limited, Vishal Pacheriwal said, The aim behind 'Raisin' is to keep up with trends and create a range of apparel that successfully reflects the essence of a modern woman. It represents a perfect blend of Indian culture and modern influences. Raisin’s target audience comprises women aged from 18 to 45. Raisin’s contemporary fusion wear line specializes in a variety of products like dresses, kurtas, tunics and gowns crafted from premium fabrics like linen, cotton, georgette, cotton-silk, khadi-silk and muslin. The brand caters to comfortable daily wear for all occasions and offers a wide range of patterns and styles across its collection. The entire collection will be available on Raisin’s official e-commerce website, Amazon, Jabong, Myntra and Ajio. The clothing line will launch in accross the country. The price will range between Rs. 749 - Rs. 4999. Raisin wants to launch a minimum of 150 EBOs within a span of 3 years.
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