Pandemic Impact: Spinning Can Industry Ready to Recover

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Introduction

• The world might be showing early signs of
  recovery from the COVID-19 pandemic.
• In India, every major industry has suffered in a
  big way and the textile and spinning cans
  industry has hardly been an exception.

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Fibre exports Sales are Recovering

• Comparing with first half of 2020 with 2021 the
  exports value of textile apparel went down by
  29.
• The most encouraging news has been in the form of
  fibre exports, which has risen by 80 on a YoY
  basis.
• Consolidated sales of textile products have
  nearly doubled (97 rise) between 2020 Q1 and
  2021 Q1.
• The average EBITDA figure for the corresponding
  period has also risen by 7.5.

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Gradual Increase In Strategic Investments

• By using cutting-edge tools like robotic sewing,
  laser-cutting equipment etc. yarn-makers and
  spinning can manufacturers are making production
  cycles optimal.
• Technical transformation through things like 3D
  printing and AI/ML applications is also set to
  be the new normal in the post-Covid textile
  industry operations.
• Manufacturers are striking up strategic
  partnerships with first-tier exporters and
  suppliers.
• Also, the role of blockchain technology
  applications is also growing in the
  fibre/yarn-making sector.

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Tactical Strategies Smart Collaborations

• Leading textile manufacturers are putting in
  extra effort to enhance their processing
  capacities and eliminate infrastructure gaps.
• Strategic partnerships are likely to pave the way
  for greater value additions and will maximise ROI
  levels.
• Textile industry back to its high levels of
  production.

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Rising Demand in Global Textile Industry

• ICRA has predicted greater stability in the
  textile sector in 2022- with worldwide demand
  levels continuing to go up
• Revenues from cotton yarn spinning and apparel
  exports are set to grow at gt20 next year.
• Greater demand will translate to a more
  competitive textile trading environment, and
  returns will be higher.

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Expansion In the Scale of Textile Production

• Products that are relatively low-end, including
  essential products, are delivering maximum value
  for money
• The average export orders for the next couple of
  quarters are encouraging.
• To avoid losses and maximise returns yarn
  manufacturers and spinning can suppliers to scale
  up production only after analysing demand levels.

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Rising of the Online Textile Industry

• Online textile sector that has remained strong
  in the face of adversity.
• Online textile retailing growing in value in the
  foreseeable future.
• While the textile industry as a whole gradually
  gets back to its feet, the online sector is
  likely to emerge as the gamechanger.

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The Textile Spinning can industry is on its way
to recovery and helpful governmental policies
like Make in India and the recently-announced
Production Linked Incentive (PLI) scheme are
offering the much-required support.

• - From an expert

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Thank You!

• Contact us
• Jumac Manufacturing
• 21, C.R. Avenue,
• Kolkata - 700071,
• India