Textiles.9.Thmb.jpg Textile mills need 10 mn new spindles: SIMA

The Indian spinning and weaving sector needs to upgrade its technology by installing 8 to 10 million new spindles to covert the surplus raw cotton into value added products, said the Southern India Mills’ Association (SIMA).

“There is an urgent need for upgrading the technology particularly in the weaving and processing sectors and improving scale of operation to improve value addition and achieve the target set by the government.” SIMA Secretary General, K Selvaraju told SME Times recently.

While the industry needs around  8 to 10 million new spindles in the spinning to covert the surplus raw cotton into value added products, another 15 to 20 million spindles are required for replacing the obsolete technology machines, he added.

Selvaraju expects that during the next fiscal 2011-12, at least 4 million spindles would be added to the capacity if the damage control exercise is undertaken by the government immediately.

Over three lakh spindles are supplied per month by three major spinning machinery manufacturers, he said.

According to the latest statistic available of the Textile Commissioner, during November 2010, total 552 textile mills were closed amongst which 471 were spinning mills and 81 were composite mills which had an installed capacity of 9.87 million spindles, 1.0 lakh rotors, 0.37 lakh looms and
3.06 lakh workers.