Review on Assessment of Growth of Spinning In...

Review on Assessment of Growth of Spinning Industries in India

Author Name : Mr. S. Praveen

ABSTRACT Indian Spinning Industries have spread their wings world-class, with the best machinery being used among all other textile manufacturing nations and it is 30-40 percent higher producer than China. Indian spinners have absorbed the higher capital cost functioning better than that with respectto Chinese counterparts. Apart from machine productivity, spinners in India have aced the art and functioning of spinning with rapid training of the workforce. Spinning Industries have enhanced production utilization and thus the returns on their investments are higher. To the reader’s amazement, yarn is the highest exported product among various textile products being exported. Its exports have grown at 30% y-o-y(year on year) in value terms. There should be a few policy aberrations that transform slowly with time to get resolved. The manufacturing sector will grow rapidly with investment being evolved, mainly in states which are surplus producers of cotton and these states are offered high investments and incentives. We aim to study several spinning industries in India and to show the returns on investments and production utilization.