Categories
subscriptions thoughts

Textile Industry- No Growth- Value Abundant.


A remeniscence of old glory , perfectly befitting.


A large scale erosion has taken place, shelving the once promising textile industry to the back quarters. Textile manufacturing carried a significance in the industrial revolution  experienced  all over the world. It threw  huge employment opportunities. It gave rise to a cluster of high profiled ancillary industries. It proved to be a safe bet to the bankers . It earned in volumes , making the promoter extremely rich , and the worker extraordinarily flushed with funds.

The charm of this cloth and yarn manufacturing process , was lost , when the reflection of high wage structure, high rate of interest, high cost of power, and still higher cost of raw material  loomed large.. The Western countries , once a haven for textile manufacturing, lost its wicket and was bowled over., by these rising claims.

The Indian Manufacturing enjoyed a monopoly for a few decades . The victim of the high inputs was the centres located in North and West. They were knocked down  The industry, turned south. The  Textile sector was flourishing for decades down South , but succumbed to the escalation very quickly, leaving a vast work force bereft of food and finance. The promoters , who once spun money , have run away from the avenue for fear of imprisonment , as their liabilities have mounted so progressively .

The Southern India  Textile show  now ,is the grapple of awesome predictions, mangling cotton parties, manipuating financiers , harried workers, irritated creditors . This suffocation has made the industry , which was a cynosure of all eyes before, as an itching , irksome depiction .

One cool spot amidst  the hot desert is the appreciation of the land which hosts the textile mills, The mills in Mumbai, have assumed a sky rocketting value , as the premises have been drawn to city , duet o  expansion . Land is a rarity in Mumbai. These lands , in hectares were bought at throw away prices  long ago, have reached a high value  that is unbelievable and unthinkable. So , is the proposition down South. A land which was acquired in hecatares for a few hundred , is being quoted in millions and billions. The scenario of manufacturing hubub has assumed the back drop of real estates nad pose an exorbitancy and expensiveness almost unheard of.

By meenas17

A lover of classical Carnatic music.
An avid reader, passionate writer, into stocks and investments for livelihood

2 replies on “Textile Industry- No Growth- Value Abundant.”

hi,

need one informaiton like what is growth percentage in Textile sector in the year of 2008 & YTD 2009 for EU & USA seperately.

Regards

Ashutosh

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.