Millennium Post

Yarn output to rise 6.5% in FY13: CMIE

Yarn production is likely to grow by 6.8 per cent in 2012-13, mainly on account of rise in cotton yarn production, according to economic think tank CMIE.

‘The total yarn production is expected to rise by 6.8 per cent during the year against 5.9 per cent estimated earlier,’ Centre for Monitoring Indian Economy (CMIE) said in its monthly report.

The cotton yarn output is expected to grow by 10 per cent in 2012-13 and synthetic yarn production is likely to grow by three per cent, it said.

Fabric production grew at a healthy pace for the fourth consecutive month ended July at 9.9 per cent driven by rise in production of cotton and hosiery fabrics. The cumulative cloth production increased by 14.3 per cent during April-July.
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