Financial Daily from THE HINDU group of publications
Thursday, May 18, 2006
Financial Daily from THE HINDU group of publications Thursday, May 18, 2006 |
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Agri-Biz & Commodities
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Cotton States - Andhra Pradesh CII asks AP to boost cotton processing infrastructure Our Bureau
The Government has been asked to encourage setting up of adequate number of processing units, preferably in the coastal districts. Hyderabad , May 17 The Confederation of Indian Industry (CII) has forecast that cotton production in Andhra Pradesh will see a CAGR (compounded annual growth rate) of seven per cent and make the textile sector a Rs 36,000-crore industry by 2015. Increased cotton acreage and significant shift to cotton from other cash crops such as chilli and tobacco would fuel the growth, a CII survey on textiles said.
Garment exports
The State's garment export will grow over 40 times to 600 million pieces and cloth processing capacities too would grow by nearly 100 times to touch a figure of around 1,300 million metre by 2015. The CII, however, wanted the Government to ensure a facilitating environment to help the sector achieve the projected targets. It asked the Government to encourage setting up of adequate number of processing units, preferably in the coastal districts where water was availably abundantly. The study suggested the Government set up major garmenting units in and around Hyderabad, Visakhapatnam, Vijayawada and Guntur. "The State's weaving, processing and garment industries will utilise over 70 per cent of the cotton production by 2015, a significant jump from 35-40 per cent in 2005," the survey said.
Weaving capacity
It estimated that weaving would increase by five times to touch 4,139 million metre, cloth processing to grow almost 100 times to touch about 1,300 million metre and the garment export would grow 40 times to 600 million pieces. Though Andhra Pradesh produces about 14 per cent of cotton in the country, only one per cent of the entire weaving is done here. This reflects under-utilisation of its production capacity. Stating that weaving capacities would jump in the proportion of the use of air jet looms, powerlooms and handlooms, the survey estimated that the number of air jet looms would go up to 5,000 in 2015 from the present 500. While the number of powerlooms would go up to 86,555 in 2015 from 44,000, the number of handlooms would grow from 2,13,000 to 4,56,429, it said. Projecting huge growth potential in the knitting sector, the State currently produced just 20 tonnes per day of knitted fabrics, less than one per cent of Tirupur's production capacity.
More Stories on : Cotton | Andhra Pradesh
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