TAMIL NADU

Production of textile goods improves

Works on a textile processing park to gain momentum

With revival of export and domestic demand across the textile value chain, production of textile products have increased during the last year.

Chairman of Southern India Mills’ Association T. Rajkumar said that yarn export from the country from January to October in 2012 was 760 million kg and it was 1138 million kg this year. Domestic consumption of yarn has also increased by 15 per cent. Even the stock available with the mills has increased. Thus, production has increased, supply has gone up, demand has revived and prices are stable. The monthly production last year was 270 million to 300 million kg and it is 330 million kg this year.

With production costs going up, China is expected to import products such as yarn and fabric. This will be a boost to yarn and fabric producers here. All factors are favourable to the industry now.

Entrepreneurs were waiting for the Government to implement the Revised Technology Upgradation Fund Scheme and they will start investing now. “Investments are expected to be good during the next two to three years. This is the ideal time to invest,” he said.

Works on a textile processing park, proposed by the association in the State, is expected to gain momentum this year. About 10 large-scale processing units will start functioning at the park, probably from next year. However, the Union Government should come out with uniform policies across the country on pollution control. “Stability in policies will benefit the industry,” he said.

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