Spinning in india
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The spinning industry in India has truly emerged world class, with the youngest machinery installed among all the textile producing nations and with 30-40 per cent higher productivity than even China. The higher capital cost is therefore better absorbed by the Indian spinners as compared to their Chinese counterparts. Besides machine productivity, the Indian spinning industry has mastered the art of rapid training of workforce. With little support from the Government, the industry has been able to develop its own training manuals in most Indian languages and within three months prepare a world-class workforce, even out of uneducated, under-nourished farm hands.
It is little wonder then that yarn has been the most dominant growth driver among the various textile products exported, with its exports growing at a 30 per cent y-o-y in value terms. Should the few policy aberrations that creep in from time to time get resolved, investment in this evolved manufacturing sector will grow rapidly, particularly in States where cotton is surplus and attractive incentives are being offered.
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