Tuesday, August 23, 2022

CONTENT

The textile industry in India traditional, after agriculture is the only industry
that has generated huge employment for both skilled and unskilled labour
in textiles.The industry continues to be the second largest employment
generating sector in india continues to be the second largest employment
generating sector in Indian economy. Indian Textile industry is one of the
largest in the world with a massive raw material and textiles manufacturing
base.

About 27 per cent of the exchange earnings are on account of export of

textiles and clothing alone. The textiles and clothing sector contributes
about 14 per cent to the industrial production and 3 per cent to the gross
domestic product of the country. Around eight per cent of the total excise
revenue collection is contributed by the textile industry. So much so, the
textile industry accounts for as large as 21 per cent total employment
generated in the economy.

PML made its maiden issue in 1962. Production of cotton yarn

commenced during 1964. The company changed its name to the present
one in 1985. PML set up its second mill in Kodigenahalli, Andhra Pradesh,
with an installed capacity of 28,800 spindles which was expanded to
51,840 spindles in 1991. In the next year, PML set up a 100 per cent EOU
at Walayar, Kerala (installed capacity 10,080 spindles and 384 rotors). The
open end-spinning unit of the company was commissioned in Sep.'95
which reached its full capacity of 1152 rotors. It has set up a wholly owned
subsidiary in Malaysia to exploit the Asia-Pacific region.

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During 1996-97, PML increased the installed capacity of Spindles by 6336
Nos. CGF Investments, which was a Subsidiary of the company and now
has been merged with Coimbatore General Finance, which is another
subsidiary of the company with effect from 1st Feb.'97. A new yarn-dyeing
unit with a capacity of 2 tonnes per day was commissioned in
Gauribidanur; Karnataka which enabled the company to enhance its sale
of value added dyed yarn in the domestic market. The company has taken
over its subsidiary company Supreme Textiles Processing Ltd for
convenience of administrative purposes.

The company made a buy back of 5.5 lac equity shares starting from April
2002 to July 2002. After the post buy back the equity capital stands
reduced to Rs.545 lacs. To reduce energy cost the company installed 4
wind turbines in September 2002 at a cost of RS.1165 lacs. The company
made a capital expenditure to the tune of Rs.3505 lacs during 2002-03
and the same was financed by term loan from ICICI bank. The Precot
Group has symbolised Quality and Trust in the textile industry. With four
decades of spinning experience and a diverse range of products that
include cotton yarns, sewing threads, fabrics and garments; Precot is one
of the few totally integrated textile players with a total turnover of 70
million US Dollars. The Group has state of the art infrastructure facilities
and skilled personnel to rise up to customer expectations such as :

* Turnover: 70 million US dollars

* It has defined set of values and principles

* Installed capacity: 155,000 spindles, 1536 Rotors and 117 looms

* It symbolises: Quality, Trust and Commitment

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Product Range :

The company has around 40 windmills in Coimbatore, Tamilnadu. The

power generated by the windmills is supplied exclusively to the Bannari
Amman group companies Bannari Amman Spinning Mills and Shiva
Textiles. The company floated a subsidiary of Annamalai Properties, to
enter the property development sector. It is engaged in property
development in Coimbatore, Madras and Bangalore, and other places.
AFL has a vast network of branches in prominent cities.

The mill is fully equipped to produce yarn in a wide range.

This includes the following counts for both domestic and export market

Ne 30/1 combed Knitting in 100 percent cotton yarn.

Ne 32/1 combed Knitting in 100 percent cotton yarn.

Ne 40/1 combed Knitting in 100 percent cotton yarn.

Structure Of The Textile Industry :

Unlike other major textile-producing countries, India’s textile industry is

comprised mostly of small-scale, nonintegrated spinning, weaving,
finishing, and apparel-making enterprises. This unique industry structure is
primarily a legacy of government policies that have promoted labor-
intensive, small-scale operations and discriminated against larger scale
firms :

• Composite Mills. Relatively large-scale mills that integrate spinning,

weaving and, sometimes, fabric finishing are common in other major
textile-producing countries. In India, however, these types of mills now
account for about only 3 percent of output in the textile sector.

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• Spinning. Spinning : is the process of converting cotton or manmade
fiber into yarn to be used for weaving and knitting. Largely due to
deregulation beginning in the mid-1980s, spinning is the most
consolidated and technically efficient sector in India’s textile industry.
Average plant size remains small, however, and technology outdated,
relative to other major producers.

• Weaving and Knitting :Weaving and knitting converts cotton, manmade,

or blended yarns into woven or knitted fabrics. India’s weaving and
knitting sector remains highly fragmented, small-scale, and labor-
intensive. This sector consists of about 3.9 million handlooms, 380,000
“powerloom” enterprises that operate about 1.7 million looms, and just
137,000 looms in the various composite mills. “Powerlooms” are small
firms, with an average loom capacity of four to five owned by
independent entrepreneurs or weavers. 

• Fabric Finishing : Fabric finishing (also referred to as processing), which

includes dyeing, printing, and other cloth preparation prior to the
manufacture of clothing, is also dominated by a large number of
independent, small scale enterprises.

• Clothing Apparel is produced by about 77,000 small-scale units

classified as domestic manufacturers, manufacturer exporters, and
fabricators (subcontractors )

Trends In Textile Industry :

The textile industry is varied, which means that many countries choose
their own path and direction to follow, whether that is medical textiles or
high fashion. However, there are a few trends that seem to be the new
direction for most of the textile market.

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• Technology - Technical textiles are a large and growing market right
now. Countries are rehabilitating mills and buildings and hiring new
staff to work on new innovations like 3D printed clothing and shoes
or smart fabrics with small chips that act as conductors and energy
converters.

• Non-Woven Fabrics - New machinery has made it possible to

pursue non-woven fabrics. Non-wovens are non-yarn materials that
are pressed together rather than woven. The reason this is an
advantage is the labor is less intensive and the product can be made
quicker and for less money. Non-woven fabrics are also very
hygienic, which is great for the medical field, a large part of the
textile industry.

• Domestic Sales - Countries like China and the Unites States are
focusing not only internationally, but domestically as well. Creating
products domestically, and marketing to local communities, is
creating a new and larger market for countries that are normally
internationally focused.

• Environmental Sustainability - The environment has become a

large issue in the textile industry due to the immense use of water,
the air pollution, and waste concerns. Many countries have started
to really focus on green textiles. Some of the new innovations are
making clothing out of used coffee grounds, algae, or spoiled milk.
These new textiles are unique and are gaining popularity in the
market.

GROWTH IN TEXTILE INDUSTRY IN INDIA :-

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India has already completed more than 50 years of its independence. The
analysis of the growth pattern of different segment of the industry during
the last five decades of post independence era reveals that the growth of
the industry during the first two decades after the independence had been
gradual, though lower and growth had been considerably slower during
the third decade. The growth thereafter picked up significantly during the
fourth decade in each and every segment of the industry. The peak level of
its growth has however been reached during the fifth decade i.e., the last
ten years and more particularly in the 90s. The Textile Policy of 1985 and
Economic Policy of 1991 focussing in the direction of liberalisation of
economy and trade had in fact accelerated the growth in 1990s. The
spinning spearheaded the growth during this period and man-made fibre
industry in the organised sector and decentralised weaving sector.

Currently India has the second highest spindleage in the world after China.
Aggregate production of cloth during 1996-97 was 34,265 million sq.
metres, an increase of nine percent over 1995-96. India's contribution in
world production of cotton textiles was about 12 per cent a decade back,
while currently it contributes to about 15 percent of world cotton textiles.
The growth rate of manmade production was 122 percent during the
decade. The silk production increased slowly from 16.5 million kgs in
2004-05 to 23.1 million kgs in 2013-14. No changes in the production
performance of silk products during the last three years of the study
period.

Productivity of Precot Ltd produced Cotton & Yarn Manufacturers ore than
6 decades of Excellence in the Cotton Industry :-

Precot offers a wide range of cotton products which are used for
cosmetic, personal hygiene and medical use. We offer innovation and

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sustainable practises for excellence in quality and delivery in every step of
our process right from sourcing to packaging.

Their various products:-

1. COTTON PADS :-
Cotton pads are pads made of cotton which are used for medical or
cosmetic purposes. For medical purposes, cotton pads are used to
stop or prevent bleeding from minor punctures such as injections or
venipuncture. They may be secured in place with tape. 

Features:

● The cotton pads are made with 100% cotton.

● It is made from soft and absorbent cotton making them easy to use and
skin friendly.

● It is four-layer spunlace. The spunlace hydroentang lement makes it lint

free.

● The cotton pads are Hypoallergenic and microbiologically tested making

them suitable for all skin types.

2. COTTON BALLS :-

● The cotton balls are made from 100% cotton making them the key to
your various skincare needs. Besides your skincare and cosmetic needs,
these cotton balls can also be used for a number of medical purposes.

● The cotton balls are hypoallergenic and microbiologically tested making

them safe to use for different skin types.As cotton balls of different sizes
are used for different medical purposes and cosmetic purposes, Precot

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offers cotton balls in various sizes with different gram weightages. You
can choose from the available options according to the end use.

● The quality of our products is evaluated at every production step by our

integrated quality management system.

3. EXFOLIATING PADS :-

Precot’s patented exfoliating pads are made of two-textured layers. One

side is textured for exfoliating while the other softer side is for gentle
cleansing. Precot’s patented exfoliating pads are made of two-textured
layers. One side is textured for exfoliating while the other softer side is for
gentle cleansing. The exfoliating pads are made of 100% cotton making
them friendly for all skin types. No plastic beads are used in these
exfoliating pads. They are 100% biodegradable and environment friendly.
All our products are hypoallergenic and microbiologically tested.

5.YARNS AND THREADS :-

Precot produces a wide range of cotton yarns and threads that are
suitable for weaving, knitting, crocheting, sewing and textile production.

* 100% Organic combed cotton Ring spun and Compact yarn for Knitting
and Weaving Ne 20s to 60s

* 100% BCI Knitting and Weaving Ring Spun and Compact yarn Ne 20s to
60s.

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Size of Textile Industry in India

• The textile industry in India covers a wide gamut of activities ranging

from production of raw material like cotton, jute, silk and wool to providing
high value-added products such as fabrics and garments to consumers.

• The industry uses a wide variety of fibres ranging from natural fibres like
cotton, jute, silk and wool to man made fibres like polyester, viscose,
acrylic and multiple blends of such fibres and filament yarn.

• The textile industry plays a significant role in Indian economy by

providing direct employment to an estimated 35 million people, by
contributing 4 per cent of GDP and accounting for 35 per cent of gross
export earnings. The textile sector contributes 14 per cent of the value-
addition in the manufacturing sector.

• Textile exports during the period of April-February 2003-2004 amounted

to $11,698.5 million as against $11,142.2 million during the same period in
the previous year, showing an increase of around 5 per cent.

• Estimates say that the textile sector might achieve about 15 to 18 per
cent growth this year following dismantling of MFA.

ROLE OF INDIAN TEXTILE INDUSTRY IN THE ECONOMY :

Textile industry plays a significant role in the economy. The Indian textile
industry is one of the largest and most important sectors in the economy
in terms of output, foreign exchange earnings and employment in India. It
contributes 20 per cent of industrial production, 9 per cent of excise
collections, 18 per cent of employment in industrial sector, nearly 20 per
cent to the country’s total export earnings and 4 per cent ton the GDP. The

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sector employs nearly 35 million people and is the second highest
employer in the country. The textile sector also has a direct link with the
rural economy and performance of major fibre crops and crafts such as
cotton, wool, silk, handicrafts and handlooms, which employ millions of
farmers and crafts persons in rural and semi-urban areas. It has been
estimated that one out of every six households in the country depends
directly or indirectly on this sector.

India has several advantages in the textile sector, including abundant

availability of raw material and labour. It is the second largest player in the
world cotton trade. It has the largest cotton acreage, of about nine million
hectares and is the third largest producer of cotton fibre in the world. It
ranks fourth in terms of staple fibre production and fourth in polyester yarn
production. The textile industry is also labour intensive, thus India has an
advantage.

The key advantages of the Indian industry are:

• India is the third largest producer of cotton with the largest area under
cotton cultivation in the world. It has an edge in low cost cotton sourcing
compared to other countries.

• Average wage rates in India are 50-60 per cent lower than that in
developed countries, thus enabling India to benefit from global
outsourcing trends in labour intensive businesses such as garments and
home textiles.

• Design and fashion capabilities are key strengths that will enable Indian
players to strengthen their relationships with global retailers and score
over their Chinese competitors.

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• Production facilities are available across the textile value chain, from
spinning to garments manufacturing. The industry is investing in
technology and increasing its capacities which should prove a major asset
in the years to come.

• Large Indian players such as Arvind Mills, Welspun India, Alok Industries
and Raymonds have established themselves as 'quality producers' in the
global market. This recognition would further enable India to leverage its
position among global retailers.

• India has gathered experience in terms of working with global brands and
this should benefit Indian vendors.

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