May 22, 2013 (India)
Wednesday 22 May 2013
Tuesday 21 May 2013
India’s textile exports may grow 15% in 2013-14
May 21, 2013 (India)
India’s textile exports for the current
fiscal year 2013-14 are likely to grow by 15 percent over last year,
Minister of State for Textiles Panabaaka Lakshmi has said.
During the first eleven months of last fiscal year, India exported
textiles worth US$ 22.25 billion, registering a dip of 4.1 percent,
owing to slow demand from Western markets.
Inaugurating a six-day long exhibition ‘Shilpangan’ in New Delhi, the
Minister expressed hope that the performance of the country’s textile
sector would improve this fiscal, as demand from Western markets has
started to revive.
Traditionally, around 60 percent of India’s textile exports are destined to the EU and the US.
The Minister said the order flow from the US market has increased, however, the demand from European market is still slow.
She added that Indian textile exporters have started exploring new markets like Russia, Latin America and Africa.
Shilpangan is jointly organized by Federation of Indian Chambers of
Commerce and Industry (FICCI) and Rural Non-Farm Development Agency
(RUDA).
The fair focuses on featuring and
promoting artefacts and other products prepared by self help groups,
artisans and small and medium industry.
Friday 17 May 2013
India's 2012-13 cotton exports to exceed estimates: USDA
May 17, 2013 (India)
India’s cotton exports for the 2012-13
marketing year ending in July are likely to surpass the earlier
estimates of 7.2 million bales of 170 kg each, a recent report of the US
Department of Agriculture (USDA) says.
The
report pegs India’s cotton exports at 9.2 million bales during the
ongoing marketing season, which would, however, be 34 percent lower than
last year’s exports of 14.17 million bales.
By
April end, India’s cotton export registrations had reached 8.9 million
bales, while actual exports exceeded 8.5 million bales, the report said.
However, exports for April were considerably low at 200,000 bales as exports to China almost came to a standstill.
India’s Cotton Advisory Board (CAB) has upwardly revised the country’s
cotton production estimates for the 2012-13 season to 34 million bales
from its earlier estimates of 26.5 million bales.
By April, the country harvested 29 million bales, which is the same as
the quantity of cotton harvested by this time last year, but 3 percent
lower than 2010-11’s output, the report titled “Cotton and Products
Update April 2013” said.
Analysing the
demand-supply situation on the basis of CAB data, USDA said consumption
remains steady on account of strong demand for yarn from China and
Bangladesh.
Holding around 2.1 million bales in
unsold stock, state-owned Cotton Corporation of India (CCI) initiated
the process of releasing the stocks on April 26 this year, by auctioning
25,000 bales.
Both the textile industry and the
CCI have been urging for releasing the unsold stocks for over weeks,
however, the corporation presently it does not have the permission to
auction anything in excess of 25,000 bales, USDA said.
According to the report, owing to its proximity to leading textile
manufacturing area around Tamil Nadu’s Coimbatore, almost all of the CCI
cotton is in Andhra Pradesh, however there concerns regarding the
quality of CCI cotton, it added.
USDA cautioned
that the longer the time for which CCI clings to these stocks, higher
are the probabilities that future auctions would lead to a fall in
prices, particularly as farmers are deciding on their crop plantations
for 2013-14.
It also added that though CCI
followed high procurement standards in spite of the damage caused to the
crop by the storm that hit Andhra Pradesh last-season, the micronaire
value is not as high to please the spinners.
Thursday 16 May 2013
Realty turns gold in Surat's old city
SURAT: The narrow by-lanes of Salabatpura in Surat's walled city are leading to gold mines for its residents!
House owners in this area are making a killing by selling their properties to businessmen, who are willing to pay a premium so that they can remain close to the area that houses the country's biggest wholesale textile market on the Ring Road.
No wonder then that real estate prices here have gone through the roof. In fact, buyers have to shell out nearly Rs 3 lakh per square yard here, which is almost double than the prices in city's most upmarket areas like Vesu, Parle Point, Athwalines, Piplod or Pal-Adajan.
Sample this: Ashok Jariwala, a leading zari manufacturer, sold his 54 sq yd house in Pipardi Sheri to a textile trader, who willingly offered Rs 1.75 crore. Jariwala now plans to shift to a 3 BHK flat in Althan, which he will get for Rs 75 lakh!
"It is a profitable deal for me. I will sell my textile shop at NTM market for Rs 1.50 crore and construct a two-storey shop in Salabatpura. There is enough parking and other facilities," said Rajendra Bansal, a textile trader who bought the property from Jariwala.
Traders are also avoiding buying shops on the main road due to parking, sanitation and water problems. Moreover, the area is already saturated by more than 155 textile markets housing 65,000 shops.
Ramesh Kapadia, who owns a 110 sq yd house in Salabatpura, is likely to sea a deal for Rs 3.15 crore. "I will be shifting to New City Light or Vesu soon," he said.
Rushabh Gotawala, an architect in Khangar Sheri said, "They are the small properties that are in high demand. It does not make business sense for traders to buy 1,000 sq yd property and invest a huge amount."
House owners in this area are making a killing by selling their properties to businessmen, who are willing to pay a premium so that they can remain close to the area that houses the country's biggest wholesale textile market on the Ring Road.
No wonder then that real estate prices here have gone through the roof. In fact, buyers have to shell out nearly Rs 3 lakh per square yard here, which is almost double than the prices in city's most upmarket areas like Vesu, Parle Point, Athwalines, Piplod or Pal-Adajan.
Sample this: Ashok Jariwala, a leading zari manufacturer, sold his 54 sq yd house in Pipardi Sheri to a textile trader, who willingly offered Rs 1.75 crore. Jariwala now plans to shift to a 3 BHK flat in Althan, which he will get for Rs 75 lakh!
"It is a profitable deal for me. I will sell my textile shop at NTM market for Rs 1.50 crore and construct a two-storey shop in Salabatpura. There is enough parking and other facilities," said Rajendra Bansal, a textile trader who bought the property from Jariwala.
Traders are also avoiding buying shops on the main road due to parking, sanitation and water problems. Moreover, the area is already saturated by more than 155 textile markets housing 65,000 shops.
Ramesh Kapadia, who owns a 110 sq yd house in Salabatpura, is likely to sea a deal for Rs 3.15 crore. "I will be shifting to New City Light or Vesu soon," he said.
Rushabh Gotawala, an architect in Khangar Sheri said, "They are the small properties that are in high demand. It does not make business sense for traders to buy 1,000 sq yd property and invest a huge amount."
Surat fourth fastest growing city in world
SURAT:
The diamond city's glitter has been noticed by the world. Surat ranks
fourth in a global study of fastest developing cities conducted by The
City Mayors Foundation, an international think tank on urban affairs.
Ghaziabad stands at number two after Beihai in Southern China, which has the stupendous average annual growth rate of 10.58 per cent for 2006 to 2020. Ghaziabad's growth rate is given as 5.20 per cent. The City Mayors Foundation went by assumed annual growth rates for cities and urban areas between 2006 and 2020 based on past growth/decline and forecasts by international and national statistics organizations.
Three other Gujarat cities also figure in the top 100; Rajkot placed at 22 , Ahmedabad at 73 and Vadodara at 86. While the average annual growth rate for Surat is 4.99 per cent, that for Rajkot is 3.63 per cent, Ahmedabad (2.73 per cent) and Vadodara (2.55 per cent).
Ghaziabad stands at number two after Beihai in Southern China, which has the stupendous average annual growth rate of 10.58 per cent for 2006 to 2020. Ghaziabad's growth rate is given as 5.20 per cent. The City Mayors Foundation went by assumed annual growth rates for cities and urban areas between 2006 and 2020 based on past growth/decline and forecasts by international and national statistics organizations.
Three other Gujarat cities also figure in the top 100; Rajkot placed at 22 , Ahmedabad at 73 and Vadodara at 86. While the average annual growth rate for Surat is 4.99 per cent, that for Rajkot is 3.63 per cent, Ahmedabad (2.73 per cent) and Vadodara (2.55 per cent).
The third fastest developing city in the list is Sana'a in Yemen (5.00 per cent) while the fifth spot went to Kabul (4.47 per cent). New Delhi
figures at spot no 22 (3.48), Faridabad at no 8 (4.44 per cent) and
Agra at 53 (2.93 per cent). Mumbai, Kolkata and Chennai do not figure in
the top 100. However, smaller cities around Mumbai
have made the grade; Nashik is no 16 (3.90 per cent) and Pune is no 29
(3.46 per cent). In its analysis, The City Mayors Foundation has said,
"Many of the world's fastest growing cities are among the best managed.
They have created opportunities for improving quality of life without increasing resource use and environmental problems. How they are governed and planned further will become increasingly important in coming years." Only cities with more than a million or 10 lakh population were taken in to account. Surat's population, according to the 2011 census, stands at 44.82 lakh. All the other top five cities have much smaller populations. In fact, smaller cities have made it to the list of top 100 because their growth rates are higher.
Mayor Raju Desai attributes it to upgradation in the main sectors of textile, diamond and embroidery. "This has resulted in these industries becoming more attractive to many and rapid development is taking place," he said.
Dr Kiran Pandya of the human resource development department of Veer Narmad South Gujarat University attributes this success mainly to forward and backward effects of investments worth crores in the city. "This type of investment in sectors like diamonds, textiles and others leads to development. Other factors like very little law and order problems and minimum labour troubles help the rate of growth. Easy accessibility of raw material from nearby clusters and best civic governance in the country has also helped Surat achieve these world standards."
Shivanand Swami of the Centre for Environment Planning and Technology (CEPT) in Ahmedabad who worked on many development projects in Surat, said, "I will attribute this to people, local governance and than state government. Utilization of available resources properly is very important and that has worked in Surat's case."
Surat's director of planning Jivan Patel said, "Absence of political environment helps the economic growth and development the most. In Surat, people are business oriented and traditionally this city has been a trade hub from centuries. People here have inherited this culture of trade and that has paid dividends." "If you look at the sectors that have contributed to success story of the city, they are non conventional sectors like diamonds, art silk and zari,'' opined city engineer Jain Shah. According to him the workforce of these sectors has proved that if the right infrastructure, environment and basic services are provided properly they flourish. "This has resulted in zero unemployment despite very heavy migration and population growth in last 20 years.''
They have created opportunities for improving quality of life without increasing resource use and environmental problems. How they are governed and planned further will become increasingly important in coming years." Only cities with more than a million or 10 lakh population were taken in to account. Surat's population, according to the 2011 census, stands at 44.82 lakh. All the other top five cities have much smaller populations. In fact, smaller cities have made it to the list of top 100 because their growth rates are higher.
Mayor Raju Desai attributes it to upgradation in the main sectors of textile, diamond and embroidery. "This has resulted in these industries becoming more attractive to many and rapid development is taking place," he said.
Dr Kiran Pandya of the human resource development department of Veer Narmad South Gujarat University attributes this success mainly to forward and backward effects of investments worth crores in the city. "This type of investment in sectors like diamonds, textiles and others leads to development. Other factors like very little law and order problems and minimum labour troubles help the rate of growth. Easy accessibility of raw material from nearby clusters and best civic governance in the country has also helped Surat achieve these world standards."
Shivanand Swami of the Centre for Environment Planning and Technology (CEPT) in Ahmedabad who worked on many development projects in Surat, said, "I will attribute this to people, local governance and than state government. Utilization of available resources properly is very important and that has worked in Surat's case."
Surat's director of planning Jivan Patel said, "Absence of political environment helps the economic growth and development the most. In Surat, people are business oriented and traditionally this city has been a trade hub from centuries. People here have inherited this culture of trade and that has paid dividends." "If you look at the sectors that have contributed to success story of the city, they are non conventional sectors like diamonds, art silk and zari,'' opined city engineer Jain Shah. According to him the workforce of these sectors has proved that if the right infrastructure, environment and basic services are provided properly they flourish. "This has resulted in zero unemployment despite very heavy migration and population growth in last 20 years.''
Exports of Surti fabric to Pakistan surpasses US, Saudi Arabia
SURAT : Pakistanis are fast lapping up saris and dress materials bearing 'Made In Surat' tag!
For the first time, Pakistan has become the biggest importer of man-made fabric (MMF) from Surat, surpassing even the US and Saudi Arabia. The textile ministry's figures show that man-made fabric and yarn export to Pakistan increased by 30 per cent in 2012-13 and touched Rs 21 crore, as compared to Rs 16 crore in the previous year. The exports to US and Saudi Arabia, in fact, fell year-over-year.
Industry sources said that Surti traders exported dress materials, saris and other fabrics worth Rs 11 crore to Karachi, Peshawar and Lahore alone during the year.
For the first time, Pakistan has become the biggest importer of man-made fabric (MMF) from Surat, surpassing even the US and Saudi Arabia. The textile ministry's figures show that man-made fabric and yarn export to Pakistan increased by 30 per cent in 2012-13 and touched Rs 21 crore, as compared to Rs 16 crore in the previous year. The exports to US and Saudi Arabia, in fact, fell year-over-year.
Industry sources said that Surti traders exported dress materials, saris and other fabrics worth Rs 11 crore to Karachi, Peshawar and Lahore alone during the year.
Narayan Agarwal, regional chairman, Synthetic Rayon Textile Export Promotion Council
(SRTEPC) told TOI, "Earlier, the fabrics were exported to Pakistan via
Dubai and Afghanistan. However, since two years, traders are able to
sell their products directly to Pakistan market."
The recent elections and victory of Nawaz Sharif have triggered hopes of an even better trade and MMF makers are expecting a further 20% rise in the exports this year.
Of the total Rs 2,237 crore exports of MMF from India in 2012-13, fabrics accounted for Rs 921 crores and Surat contributed to 60% of this volume. Arun Jariwala, chairman, Federation of Indian Art Silk Weaving Industry (FIASWI), told TOI, "The city's textile trade has a close bond with Pakistan. Many textile traders from the Muslim community have relatives in Pakistan. This too helps in building ties."
A textile exporter said, "Surti saris and dress materials are very popular in Pakistan which only produces cotton-based fabrics. Most of the fabric for 'burkha' is also supplied by Surat."
Dhiru Shah, managing director, Fairdeal Filament Limited, said, "Pakistan is one of our major markets after European Union and we are focusing to increase our export to the neighbouring country in the coming years."
The recent elections and victory of Nawaz Sharif have triggered hopes of an even better trade and MMF makers are expecting a further 20% rise in the exports this year.
Of the total Rs 2,237 crore exports of MMF from India in 2012-13, fabrics accounted for Rs 921 crores and Surat contributed to 60% of this volume. Arun Jariwala, chairman, Federation of Indian Art Silk Weaving Industry (FIASWI), told TOI, "The city's textile trade has a close bond with Pakistan. Many textile traders from the Muslim community have relatives in Pakistan. This too helps in building ties."
A textile exporter said, "Surti saris and dress materials are very popular in Pakistan which only produces cotton-based fabrics. Most of the fabric for 'burkha' is also supplied by Surat."
Dhiru Shah, managing director, Fairdeal Filament Limited, said, "Pakistan is one of our major markets after European Union and we are focusing to increase our export to the neighbouring country in the coming years."
