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TEXTILE NEWS UPDATES
17 January 2009, Saturday
  • Cotton arrivals down 17%
  • Tech Textiles to grow to Rs 64,000 cr by ’13
Cotton arrivals down 17%
Cotton arrivals as on January 15 in the cotton year beginning October 2008 fell 17% on year, an official in state-owned Cotton Corp of India said on Friday. Total arrivals of the fibre crop in the country fell to about 14.54 million bales of 170 kg each from about 17.5 million bales in the year ago period, the officials said.
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Tech Textiles to grow to Rs 64,000 crore by ’13
It’s not just branded apparel that is driving the growth of India’s textile sector. As the Indian consumer drapes up her home with exquisite upholstery, introduces baby diapers and tea bags to the family and drives around in four-wheelers, it is pushing new category of speciality textiles in the sub-continent. Growing at a phenomenal 11-12% year on year, the consumption of technical textiles in India will swell from current Rs 37,565 crore to Rs 64,207 crore by 2012-13.
Pegged at Rs 14,067 crore, packtech is slated to grow at the rate of 13% year on year reach a size of Rs 25,913 crore by 2012-13. Protech on the other hand, through stands at Rs. 1,387 crore, is expected to increase to almost Rs 2,386 crore. Significantly, as Indians explore the world of sports and adventure, sportech (shoes, sports equipment, flying and sailing sports, textile for adventure sports) which has a share of around 7%
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