Magazine Editorial

Spinning Success is a Matter of Time ( December 2021)

Published: December 20, 2021
Author: TEXTILE VALUE CHAIN

EDITORIAL Dec 2021

Spinning machinery has always been the mainstay of India’s textile machinery industry. Year after year, it has demonstrated its strength in its end-products or the ma- chinery & parts segments. In yarns, India is No. 1 and the potential has been growing tremendously. The machin- ery segment is not far behind. Despite the COVID-19 cri- sis, the global market for spinning machines estimated at US$5 billion in the year 2020, is projected to reach a re- vised size of US$7.3 billion by 2027, growing at a CAGR of 5.5 per cent.

Fibre consumption is on the rise, and man-made fibres today along with natural fibres play an important role in this. The global demand for the textile yarn market was valued at US$11.9 billion in 2019 is expected to reach US$16.0 billion in 2026 and is anticipated to grow at a CAGR of 4 per cent between 2020 and 2026. Major pro- duction centres of cotton yarn manufacturing are con- centrated in China, India, the U.S., Pakistan, Indonesia, Brazil, Turkey, South Korea, Italy, Egypt, and Japan. With the concepts of sustainability and environ-friendly prod- ucts gaining grounds, research is focused on new mixes of yarns between natural fibres and man-made fibres. Fashion no longer starts towards the end of the value chain, but commences right from the selection of raw materials. Ultimately, this will rekindle the spinning seg- ment, and also the technologies. Besides, during 2020 and 2021, despite a difficult business climate created by the pandemic, spinning technology companies continue to innovate, say industry experts. The initiative to use re- cycled fibre in yarns is increasing and technologies need to be refined or created to tackle such fibres in a cost-ef- fective way, while producing a high-quality product for downstream processing.

All these stresses the importance of technologies mak- ing an impact on spinning. Automation initiatives are on the rise. The industry in India should be aware that with- out industry 4.0 all will come to nought. The technolo- gy providers have a major role in this transformation. Technical textiles have also given new opportunities for the technology companies. Spinning machinery forms a major chunk in the production of machinery in India and the total provisional production of textile machinery, parts & accessories during 2020-21 recorded a margin- al decrease of 5% viz, Rs.5,093 crore as against Rs.5,355 crore achieved during the previous year. This is despite the fact that there was negligible business during first two quarters of 2020-21. Look at the machinery exports, which during 2020-21 rose to Rs. 3,307 crore as against Rs. 2,556 crore achieved during 2019-20. Predictably, the machinery import was reduced to Rs. 8096 crore as against Rs. 9,273 crore during the year. The textile engi- neering industry must be happy at this juncture, which has opened up opportunities galore for sharpening its competitive edge.

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