Credit rating agency India Ratings and Research (Ind-Ra) has maintained an overall stable outlook for the cotton textile sector for FY16. This is led #
The sector outlook for cotton textiles will be revised to negative if margins and cash flows come under pressure on account of volatility in cotton prices and inventory losses. Stability of cotton prices depends upon global factors such as China’s strategy on releasing its cotton inventories and domestic factors such as cotton production and inventory policy of government procurement agencies. Similarly, an improvement in the realisations of man-made yarn, and consequently margins would lead to a revision in the outlook to stable for the synthetic textile sector. (SH)
ALCHEMPro News Desk – India
marketing@alchempro.com
