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MANAGEMENT STORY
REGULAR FEATURES
COVERSTORY
- Powerloom Sector in India - An overview of the present developments and shape of things to come
- Arun Jariwala , Chairman, The Surat Art Silk Cloth Manufacturers Association
This article is penned by Shri Arun Jariwala. He gives an overview of the present developments and shape of things to come in Powerloom sector in India. Shri Jariwala observes that "The Government of India has initiated various policies measures in the right direction and is continuing their efforts in this direction. The Powerloom Industry has the intrinsic strength not only to withstand but also to progress in post WTO regime. But, the industry has to modernize itself not only in machinery sector but also in adopting newer technology in manufacturing and to adopt newer marketing strategy etc. and also in development of new products" Finally he concludes by saying that "The industry itself has to decide whether its future is "Bright" or "Bleak" in the post WTO regime".
- Powerloom Sector in India
- Dr. A. K. Rakshit , Assistant Director, SASMIRA
This article updates the TEXTILE REVIEW readers with the Power Loom sector's origin, Role, Problems & Prospects, Government initiative to support the Power Loom sector in India. The emergence of Powerloom sector has transformed an art into a modern industry in India. It produces around 19,000 million meters of fabrics annually and employs over 7 million workers. Dr. Rakshit, Assistant Director-SASMIRA says that "The combination of traditional art and contemporary modern designs, has given a unique character to the Indian Power Loom textiles". He observes that "The modernization process undertaken by the government has widened the scope of the Powerloom industry to further their activity and profitability. The sector today not only caters to the domestic market, it also exports to major countries across the globe".
TREXCLUSIVE
- Vigorous & meaningful effort need to be made to increase exports in Powerloom Sector
- Dhanpal Tare
Chairman, Indian Powerloom Federation
In an exclusive interview with the Textile Review Shri Dhanpal Tare, Chairman, Indian Powerloom Federation says that "The Contribution of the Powerloom sector to the export front is worthy of mention. More than 40% of the cloth that goes into exports originates from this sector. More than 90% the cloth that goes into garment exports comes from this sector". "The strength of the powerloom sector is that we already have over 30,000 high tech looms in the sector, which can produce fabrics passed under 4 point American system of checking. Further, when the 26 textile parks, approved by the Union Textile Ministry become operational by the end of 2008, there would be about 75000 high tech weaving machines, catering to export field. Today, our share in the world textile trade is hardly 3%. This can go up to 6% in the next five years" he added. The interview provides the readers' very informative and descriptive information of the Powerloom Sector in India.
Today Chiripal Group is promoting a 94 acre exclusive park under SITP in the name and style of VRAJ INTEGRATED TEXTILE PARK LTD. The estimated project cost of over Rs. 100 crore, 40 per cent will be funded by the government, 20 per cent from the promoters and remaining from the financial institutions. Speaking to TEXTILE REVIEW in an exclusive interview Shri Vedprakash Chiripal observes that “The industry as a whole will get a boost through the extension to SITP Scheme”. “It should be extended all throughout the Eleventh Plan Period” he believes.
MANAGEMENT STORY
- Competitive Advantage of Family Owned Enterprises
- Tapomoy Deb
Dy. General Manager-HR, Spentex Indsutries Ltd., New Delhi
This management article describes the advantage of the Family owned Enterprises to the valuable readers of the TEXTILE REVIEW. Shri Tapomoy Deb says that "Regardless of many managerial and capital constraints, family owned enterprises has been growing and expanding even in this global economic era". "The superior performance of family owned enterprises is even more evident in emerging markets where they are viewed as 'engines' of the economy (Whyte, 1996). This implies that these enterprises have inherent strength in terms of speedy decision making, absence of bureaucratic procedures, effective communication and most importantly trust-the key ingredient of social capital which appears to be a driver of competitive advantage in family owned enterprises" he added.
NEWPROJECTS
A Special Feature on upcoming a new projects in textile sector has been introduced. This section provides information about:
- Brindavan Cotton Mills - setting up a spinning mills near Palladam in Coimbatore (Tamil Nadu)
- Jairam Maruti Mills- setting up a cotton yarn spinning mill with a spindleage capacity of 6000 units near Palladam in Coimbatore (Tamil Nadu)
- Sudarsanam Spinning Mills - setting up a spinning mill by installing 1,440 rotors will produce 12 tdp cotton yarn at Thirumalagiri in Krishna district (Andhra Pradesh)
- Vijay textile- setting up 1.5 million mtrs/yr wider width fabric weaving unit at its existing Rajapoor facility in Mehboob Nagar district (Andhra Pradesh)
- Sri Balambika Textile Mills-implementing an expansion programme at its Sathyamangalam facility in Erode district (Tamil Nadu)
- Sri Saravana Spinning Mills- setting up a cotton yarn spinning mill with a spindleage capacity of 24,000 spindles at Batlagundu in Dindigul district (Tamil Nadu)
- Jalan Jee Polytex Ltd-doubling the production capacity of polyter textured yarn from 40 tdp at its Lachhipur facility in Gorakhpur district of UP.
- Himatsinga Seide- setting up a cotton bed linen unit with a capacity of 20 million mtrs/yr at Hassan in Karnataka.
NEWSSNIPPETS
A regular feature covering news on the topics-Appreciating Rupee Halts Buoyant Trend in Exports of Man-made Fibre Textiles, Aditya Birla Nuvo, An Aditya Birla Group Company, Reports Good Performance for the year ended March 31, 2007 and more in this column.
STATISTICS
A regular feature deals with the statistics covering:
- Total Cloth Production and Production by the Powerloom Sector
- Different categories of Looms Installed under Modernization
- Capacity Utilization in Cotton/ Man-Made Fibre Textiles Mills
- World Production of Natural Fibres (Cotton, Wool And Silk)
- Registration of Power Looms and Employment
- Progress Under '20% credit linked capital subsidy scheme' for Powerlooms in SSI Sector
- Average Spot Rate of Lint cotton
- Area, Production, Yield and Consumption of Cotton
- Spindles Shipments-Countries
- Total No. of Power Processing Units
- Installed Capacity and Production of Man-Made staple Fibre/ Filament yarn
- Production of Ring Frames During 2005-06
TEXTILE STOCKSCAN
Under the regular column, experts Dilip and Rushik Bhatt discusses about S. Kumar's Nationwide Limited. S. Kumar's Nationwide Ltd was incorporated by one of the leading textile group S. Kumar which was promoted by Shri Abhayakumar Kasliwal and Shri Shambhukumar Kasliwal in 1948. Formerly known, S. Kumar's Synfabs Ltd. (SKSL) was promoted for synthetic textile business which subsequently named "S. Kumar's Nationwide Ltd. (SKNL)". Apart from S. Kumars brand SKNL is also enjoying leading brands namely Reid & Taylor, Tamarind and Belmonte for ready to wear garment and fabric. SKNL provides total textile solution with wide range of products under product wise Strategic Business Units, Consumer Textiles, Home Textiles, Worsted Suitings, Ready to wear and High Value Fine Cotton. Worsted & Premium Suitings division has all wool superfine, polywool blends, wool cashmere blends, wool linen & wool silk polyester blends, polyester viscose blends, polyester viscose - worsted, value added polyester vi scose blends, wrinkle resistant suitings and ecofresh suitings.
As far as financial performance is concern SKNL gives better and better performance QoQ and YoY. It has healthy growth of 50% in topline and more than 60% bottomline YoY. Both revenue and PAT increased by 49.93% and 66.43% respectively YoY. At the end of FY 06-07 SKNL achieved target of more than 1000 cr. sales. Net sales figure increased by more than 38% at Rs. 1229.54 Cr and profit increased by 147% at Rs. 123.53 Cr. As we look into stock movement S. Kumar Nationwide Ltd. (SKNL) shown breakout at Rs.51 in second quarter of FY 06-07. The advice from the analysts reads -"As market come down significantly in last quarter i.e. Q4 FY 06-07, SKNL also performed inline with market performance. In SKNL every dips would be buying opportunity for an investor but market making new highs and we maintain cautious trading at this point of time". "We maintain "BUY" at current market price of Rs.74.65 targeting Rs.85 as first target with support at Rs. 70" experts added.
EXPORT TRADEINQUIRY
A regular feature.
CAREEROPPORTUNITIES
Career Opportunities a profile of The M.L.V Textile & Engineering College, Bhilwara.
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