Fabrics output up marginally in 2007-08

Written by Commodities Bureau | Mumbai, Sep 25 | Updated: Sep 26 2008, 05:55am hrs
The production of fabrics in the fiscal year 2007-08 increased marginally by 4,102 million square meters (sqm) to 56,767 million sqm from 52,665 million sqm in the previous year, according to a Confederation of Indian Textile Industry (CITI) report.

All the three segments - cotton, blended fabrics and non cotton fabrics - registered positive growth. The total production of cloth, by all the sectors i.e. mill, powerlooms, handlooms, hosiery, khadi, wool and silk has also shown an upward trend. The total production of cloth was 53,389 million sqm during the fiscal 2006-07 and it is expected to reach 57,491 million sqm during the fiscal 2007-08.

Current capacities must be expanded and diversified. In India, weaving capacity in the organised sector and the number of composite textile mills, have stagnated. Scaling of production is the basic strategy for gaining share in the global market, PD Patodia, chairman, CITI, said. The industry could still grow at a more reasonable rate. The outlook is clouded by appreciation of the rupee, shortage and price escalation of power and fuel, he added.