Last July, the Northern India Textile Mills’ Association (NITMA) released a statement mentioning the distress of the spinning industry in India, highlighting how the spinners of North India were eager to shut shop once a week, just to reduce their overhead expenses. This was an extreme decision and signalled a bigger problem at hand.
Owing to poor demand for yarn from overseas markets, there arose an unchecked amount of yarn stocks. This resulted in poor liquidity and thereby came the decision of cutting down production. The reason for this, the spinners cited, was the reduction in Indian yarns. For all these years, China has been a major importer of Indian yarns; but with it holding back its imports from the beginning of 2019, the production of yarns happened at full capacity but the same did not move out of warehouses in the way it should have. The increasing amount of unused yarn output further lowered business for Indian spinners. However, much has changed during the last few months of 2019 and as we march into 2020, it will be safe to say that the spinners are readying their cart for prosperity. But is it really the time to stay hopeful?
WHAT HAPPENED DURING THE LAST PHASE OF THE DECADE?
The decline in trade owing to the presence of cheaper alternatives had thrown a shadow of distress on the mills. However, the industry saw a ray of hope during the last quarter and during that phase, approximately 2,20,000–2,30,000 bales per day saw movement.
この記事は Apparel の February 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Apparel の February 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
All About Dressing As You Want
A. Das uncovers the current trend which is all about dressing as you want. Easy, over-sized, baggy fits and unstructured cuts are ruling every wardrobe.
Online Shopping Likely To Reach $1.2 Trillion By 2025
Market Watch
Weaving A Sustainable Future
Brinda Gill talks to Ashita Singhal, awardwinning weaver, designer and social entrepreneur, and founder, Paiwand Studio, who is committed to converting textile waste into new, meaningful textiles.
Summer of 2022
Heer Kothari walks our eager onlookers through the runways of New York, Milan and Paris, exploring the nuance of summer styling for men in 2022
Journeying for the Joth
Brinda Gill drafts the interesting journey of Vinay Narkar, a textile designer and revivalist based in Solapur, spared no effort in the pursuit of joth, one of the lost weaves of Maharashtra, and reviving it.
Go Digital - Get Organised Reshamandi Style!
Heer Kothari explores India’s first and largest market-place, digitising the natural textile supply chain. It is a full stack ecosystem in the form of a super app, starting from farm to fashion.
Erotissch – Stitching differently
Chitra Balasubramaniam explores Erotissch, a brand by women for women, based on the concept of ‘Bed to street wear'.
Colourful Fable
A. DAS interviews Karan Torani to find out the inspiration behind the designs of his label Torani and his thoughts on it being widely welcomed and connected well.
Going #PLUS
Heer Kothari explores the growth of the Plus Size apparel segment in India.
Endorsing Desi Oon
Brinda Gill discovers India’s indigenous wools, locally called Desi Oon, which hold potential for use in the apparel industry