Tuesday, May 10, 2011
Rising demands- A good news
As the world is recovering from the burns of global recession, exports from India is booming with the textile industry being one of the important beneficiary due to demand upturn of readymade garments. Thanks to the rising demand of garments in US, Canada and European Union and partly to the government’s restrictions on exports of cotton and cotton yarn which lowered the raw material prices. An industry employing more than 70 lakhs people, rise in exports is good news for the nation’s economy. The apparel export in India rose to a whopping 24 percent in February 2011 as compared to 18 percent rise in January 2011. Exports are booked till June –July 2011 which is a good sign for textile as well as export industry. Due to rising cost in China buyers are heading towards alternatives and India is a good option. But the question is can India cater to much larger demand for garments? The garment industry is becoming more organised for higher demand hereby making India a preferable sourcing destination hereby creating a higher chances of sustainability.
Posted by Saraswati at 12:40 PM
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Thursday, April 21, 2011
Tirupur Knitwear Cluster-Heading Towards Growth
Despite the Tirupur Knitwear Industry facing a lot of crises in the form of rise of cotton yarn units and closing down of dyeing units , it has come victorious by showing a positive graph in terms of growth. As per the statistics disclosed by Tirupur Exporters Association (TEA) the Tirupur Knitwear Cluster has taken a leap from Rs. 11,800 crore in 2009-10 to Rs. 12,500 crore in 2010-11 financial years though the profit margins for the exporters shrunk in 2010-11 fiscal due to price rise of cotton as well as cotton yarn and the transportation costs. The issues followed by the high court order, regarding closure of dying units in a way brought the industry to a standstill for a short while but, the timely response from industry stake holders have helped the cluster to adapt in the tense eco system. In an attempt to prevent further discharge of effluents in the river Noyyal till now around 1200 Rs has been invested in setting up of common and individual effluent treatment plants. An eco-green evaporator has been developed by the research team of NIFT-TEA.
Source: The Hindu
Posted by Saraswati at 12:26 PM
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