New Delhi: All segments of the textile and clothing (T&C) industry — from cotton to polyester and jute — have registered de-growth since April this year as a consequence of the economic slowdown, the slump in export markets, high input prices and a dampening of consumer demand.
According to a textile ministry official, all products of textiles including apparel have shown a decline in production in the months of April, May and June 2011 in comparison to same months of previous year.
“Cotton segment of the T&C industry, which weights 50% in formulating the T&C production index, has nosedived in recent months after a moderation in growth since October 2010 when sudden surge in raw material costs had started crippling the downstream value chain,” said Shishir Jaipuria, president, Confederation of Indian Textile Industry.
