Textile industry on growth path, 2013-14 encouraging:SIMA

Coimbatore, Jul 2: The year 2013-14 has been encouraging for the

, which is on growth path. The cotton consumption by the mills in non-SSI and SSI sectors stood at 286.46 lakh bales registering an increase of 8.86 per cent over previous year's 263.15 lakh bales, according to T Rajkumar, Chairman, Southern India Mills Association (SIMA).

Though cotton consumption has increased, the average month-end stock held by mills was lower at 39.65 lakh bales than the previous year's 41.23 lakh bales, a reduction of 3.83 per cent, Rajkumar said in an analysis published in SIMA Review. All yarn production during the year stood at 5,295 million kgs, 8.79 per cent higher than previous year's 4,868 million kgs.

Cotton, blended and non-cotton yarn stood at 3,923, 893 and 480 million kgs, all higher than previous production of 3,583, 828 and 457 million kgs respectively. The higher production resulted in increased deliveries of all types of yarns, Rajkumar said. Deliveries (computed based on production and month end stock) of all yarn increased by 7.94 per cent and that of cotton, blended and non-cotton increased by 8.78, 6.12 and 4.68 per cent respectively over previous year deliveries.

Registration of cotton yarn exports during the year increased significantly to 1,415 million kgs, 32.6 per cent higher than previous year's 1,067 million kgs. Average month-end stock of all yarn stood at 194 million kgs, 14.84 per cent higher than previous year's 169 million kgs, he said.

Though there has been an increase in the registrations of cotton yarn exports, the average month-end stock during the year stood at 126 million kgs, 12.5 per cent higher than previous year's 112 million kgs. There was no no shortage of cotton yarn at any point of time during 2013-14 in the domestic market, Rajkumar noted.

PTI