The Economic Division, Ministry of Textiles, Government of India released the review note on the growth and investment in textiles upto the end of the third quarterof 2005-06 (April-December), recently.
Following are its highlights:
• While the All India Index of Industrial Production (IIP) registered an increase of 7.8% during April-Dec.05 as against the corresponding period of last year, the index of production for the textile group of industries showed a mixed trend.
There was a significant increase in respect of textile products (18.6 percent) and cotton textiles (10.2 percent) but only a marginal increase in Jute and other vegetable fiber textiles (2.7 percent) was witnessed, while wool, silk and manmade fiber textiles declined (-0.1 percent) • Spun yarn production increased by 5.9 percent due to increase in cotton yarn and manmade filament yarn production. Nevertheless, there was a decline in respect of blended and 100 percent non-cotton yarn and manmade fibers. • Cloth production was more by 9.1 percent and the hosiery sector recorded the highest growth (14.2 percent) followed by handloom (10.6 percent) and powerloom (7.6 percent). • While the All India Wholesale Price Index rose by 4.6 percent the textile group registered a fall of 5.8 percent. • Exports once again started picking up momentum and increased by 4.75 percent. Significant increase was recorded in RMG (15.13 percent) and handicrafts (8.08 percent). There was a steep decline in exports of manmade textiles (-15.62 percent), and wool & woollens (-4.92 percent),
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