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REGULAR FEATURES
TREXCLUSIVE
- “India is being looked as a textile destination focussing towards high end fashion”
- Riju Jhunjunwala
Joint Managing Director - RSWM Ltd.
RSWM in its eventful journey spanning over four and a half decades has come a long way. They are known for path breaking initiatives. They started a synthetic yarn manufacturing company at a time when the existing base still was in cotton. Today, they have a wide range in grey, dyed and melange yarns, from a variety of fibers offering one stop solution to their customers. Their foray into the export field is helped by the acquisition of Cheslind Textiles Ltd. Moving with the time, the Group also has ventured into special and technical fabrics.
TEXTILE REVIEW spoke to Riju Jhunjunwala, Joint Managing Director, RSWM Limited to probe further into the future plans of the Group under this young and dynamic leader.
ANALYSIS
Rapidly Expanding Garment Retail Sector
Dr. Subrata Das
Consumer Testing Laboratories (India) Ltd., Inc, Bangalore
Dr. Subrata Das's article covers the detail about the rapidly expanding Garment retail sector. Article explains about the contributing factors of modern retail boom in India. It also elaborates about the changes in consumer needs, attitudes and behaviour.
Bt (bacillus Thuringiensis) Cotton In India Dr. Subrata Das
Consumer Testing Laboratories (India) Ltd., Inc, Bangalore
This article updates the TEXTILE REVIEW readers with latest developments of BT Cotton in India. Cotton is a soft fibre that grows around the seeds of the cotton plant. The fibre is most often spun into thread and used to make a soft, breathable textile. Cotton is a valuable crop because only about 10% of the raw weight is lost in processing. Once a trace of was, protein, etc. is removed; the remainder is a natural polymer of pure cellulose. This cellulose is arranged in a way that gives cotton unique properties of strength, durability, and absorbency. Each fibre is made up of twenty to thirty layers of cellulose coiled in a neat series of natural springs. When the cotton boll (seed case) is opened the fibres dry into flat, twisted, ribbon-like shapes and become kinked together and interlocked. This interlocked form is ideal for spinning into a fine yarn. Authors' observes that "Rigorous scientific studies conducted in India and abroad demonstrate that Bt cotton and its products are safe for the environment, humans, animals, and agriculture. In fact, the use of Bt cotton is a positive step towards environmental protection because it makes possible the reduction of the insecticide load in the environment and reduces handling of such chemicals by farmers. This reduced use of insecticides will enhance the effectiveness of biological controls and implementation of Integrated Pest Management (IPM) programs". "The higher farm income observed in the experiments has now been demonstrated by the large-scale use of Bt cotton by Indian farmers, and the incorporation of the gene is proving an effective and environmentally friendly plant protection tool resulting in greater cultivation of Bt cotton in the coming years. The cotton trade is looking forward to the productivity and quality benefits of Bt cottonseed. Efforts are being made to incorporate another gene (Bollgard II) to improve efficacy and postpone possible resistance problems. As newer products are approved in the regulatory system, it is lik ely that farmers will have greater choice to plant hybrids according to market quality requirements" they added.
NEWPROJECTS
A Special Feature on upcoming a new projects in textile sector has been introduced. This section provides information about:
- R. K Apparel Fashions - setting up a garment production unit at Gundlapochampally in RR district of Andhra Pradesh
- R.S Seluja Exim -expanding its terry towel production unit in Nawashahr district of Punjab.
- Kandagri Spinning Mills- setting up a 26,400 spindles cotton yarn spinning mill at Mettupatti in Salem district of Tamil Nadu.
- Amaravathi Textiles- expanding its cotton yarn sinning unit at Martur in Prakasam district of Andhra Pradesh.
- GMR Spintex- setting up a cotton yarn sinning unit at Bela Road in Adilabad district of Andhra Pradesh.
NEWSSNIPPETS
A regular feature covering news on the topics - Downward revision of DEPB rates to adversely affect exports of man- made fibre textiles, Belgium: China 2008 double checking system for textiles & apparel, India and Sri Lanka signs MoU for Operationalisation of Tariff rate quota, Aarvee denims launches De Extase, Arvind Mills to invest Rs 600 cr, set u chain of superstores…
STATISTICS
A regular feature deals with the statistics covering:
- Investment in Progress
- Modern Retail in India: Share of Categories
- Import & Export: January-June 2006
- Segment-Wise Proportion of Ready-to-Wear (RTW) & Ready-to-Stitch (RTS)
- Shift Towards Higher Value Items
- Demand of Processing Machines as Against all Machines
- Total Machines Export V/S Weaving Machines Export
- Total Textile Machines Imports V/S Weaving Machines Imports
- Indian Market Potential for Geotextiles
TEXTILE STOCKSCAN
Under this regular feature experts Dilip and Rushik Bhatt discussed the performance and prospects of Zodiac Clothing Company Limited. Commenting with the results experts observed that Zodiac gives better performance for first quarter of FY 07-08 which has healthy growth of 30% in topline and more than 130% in bottomline YoY. As per unaudited results for Q1 FY07-08 net sales and net profit increased by 29.10% at Rs.49.78 Cr. and 130.94% at Rs. 4.18 Cr. Respectively. If we look at YoY performance for the last two consecutive financial years, at the end of FY 06-07 Zodiac achieved target of more than 50% in sales compare to FY 05-06 where net sales jumped at Rs. 259.20 Cr and profit at Rs. 23.64 Cr. Stock movement also reflects faith of investors in such a good company, at the end of Q1 FY07-08 Zodiac shown breakout near Rs. 306 and moved tremendously in second quarter up to Rs. 439 with continuous upward trend. One important point which is noticeable during Q2 FY 07-08 is that Zodiac made new highs with high volume. If we look at stock holding pattern, at the end of second quarter retail investors were getting out and Foreign Institutional Investors (FII) were in. FII increased their position up to 21.39%. As market making new highs these days and momentum is still bullish for both near term and medium term targets, we show every dips would be buying opportunity for an investor. We maintain "BUY" at current market price of Rs.420 and keep accumulating at lower levels with support at Rs. 365.
Text-Stock Focus on 100 Cr. Plus Market Cap Companies How did they perform ? INDUSTRY COMPARISION
A regular monthly feature is giving 52 week high / low and previous as well as current mid month quotation of over 40 textile companies with market cap in excess of Rs. 100 crore.
EXPORT TRADEINQUIRY
A regular feature.
CAREEROPPORTUNITIES
Career Opportunities - a profile of The Indian Institute of Technology Guwahati.
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