India'S Clothing Sector Faces Unprecedented Crises
The spinning and clothing sector of India's textile industry is facing unprecedented crisis, which is caused by high investment and high cost of production. There is a game of recriminations between spinning enterprises and knitting enterprises. Tiruba, a knitting company in India, complained that the price of yarn was pushed up by spinning mills. Tirupur They also suspected that there was some sort of joint venture. They say that the larger export of yarns is another reason for the rise in yarn prices.
Spinning enterprises are unable to defend. They say they are facing rapid increases in cotton prices, prolonged blackouts and increased electricity and labor costs.
The Spinning Association of the South India Textile Mills Association (SIMA) can not meddle in the commercial activities of textile factories. It is impossible for the more than 3300 textile factories across the country to take joint action.
But they said that twill Laba had to revise its own approach to modern production, increase labour productivity and reduce environmental costs.
Thulasidharan, chairman of the South India textile mill Association, said that after the economic crisis of 2008-09, all investment in the textile industry has stopped, and the new capacity has not been increased for nearly two years.
The spinning industry is a high capital industry, using electricity and labor intensive industries (which constitute 80% of the cost of production). The spinning department has low profit, accounting for 4-6% of sales, and the turnover rate of investment is less than 1.
Normally, the electricity cost of Andhra Pradesh is 8% of sales, and Tamil Nadu is 12%.
At present, the proportion of electricity cost has increased to 18%.
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