REVIEW NOTE ON GROWTH & INVESTMENT IN TEXTILES DURING FIRST QUARTER 0F 2006-07 [April-June] |
Highlights |
- All India Index of Industrial Production (IIP) registered an increase of 10.1% during the first quarter of 2006-07 (April-June) as against the corresponding period of last year, the index of production for the textiles group of industries showed a surge. There was a significant increase in respect of Textiles products (9.5%) and Wool, Silk & Manmade fibre textiles (7.3%). The Cotton textiles also showed an increase of 2.4%. However, Jute & other vegetable fibre textiles declined by 0.9%.
|
- Spun yarn production has increased by 1.5%.
|
- Cloth production was more by 7.0%. The Hosiery sector recorded the highest growth (9.6%) followed by Powerloom (7.5 %).
|
- While the All India Wholesale Price Index rose by 4.6%, the textile group registered marginal increase of 0.1%.
|
- Exports started picking up momentum and increased by 20.54%. Significant increase was recorded in RMG (20.65%), Cotton Textiles (31.08%), Man-made Textiles (17.99%) and Wool & woollens (16.75%). However, exports of Jute Goods (-3.84%) is yet to make an upward trend.
|
- There was a surge in imports (13.36%), accounted by RMG (36.29%), Made-ups (40.11%), and Semi-raw material (21.45%).
|
- Under TUFS, during April-June’2006-07 the overall increase was recorded in terms of total number of applications sanctioned (243.23%), the amounts sanctioned (103.42%) and disbursed (117.68%).The performance in respect of the powerloom sector has also increased in terms of total amount sanctioned (558.02%) and disbursed (1121.05%) .
|
- The share of textile sector in FDI was 0.06% (in terms of amount) during this period as against 0.26% in the corresponding period last year.
|
- The share in the number of Letters of Intent (LOI) / Direct Industrial Licenses (DIL) was 50% and the share in investment was 94.7%.
|