With the demand-supply gap for yarn still in the range of 10-15 per cent, textile units in Surat have begun making most of the opportunity ahead. Out of over 30 textile parks that are being set up in Gujarat, some of them coming up in Surat have decided to focus on yarn processing and weaving.
Prominent among these textile parks are Fairdeal Textile Park, Surat Super Yarn Park and Sayan Textile Park who would be focussing on yarn processing and weaving. “There has always been enough demand for texturised yarn in the country. Moreover, the yarn demand has been growing at a rate of 8-9 per cent annually. This has led to an increase in yarn processing and weaving capacity,” said Kartik Jain, managing director of Surat Super Yarn Park, a dedicated texturised yarn park which will be operational by Aug-Sept this year.
Around 300-350 tonnes per day of yarn will be produced from Surat Super Yarn Park, said Jain. Among other players, Surat Super Yarn Pak will see several yarn units of Nakoda Textile Industries Limited.
Similarly, Fairdel Textile Park, which is investing around Rs125 crore on infrastructure and Rs 400 crore on plant and machinery, will pay more attention to yarn than other aspects of the textile value chain. “Presently, 2,000 tonnes yarn is produced in Surat every day. Given such a potential, we expect at least 50 yarn processing units in our upcoming textile park soon,” said Dhirubhai Shah of Fairdeal Textile Park.
Sayan Textile Park, on the other hand, expects 25 units for texturised yarn and couple of more for yarn weaving at its premises. According to Chandan Chatterjee, general manager (projects) at iNDEXTb, “Earlier, the county used to import a lot of yarn from China. But lately, with the anti-dumping duty being levied in India, there has been no import since sometime. Also, there are not many yarn processing and weaving players in the country and this has led several new entrants in the market.”
“Surat constitutes around 60 per cent of country’s total synthetic yarn weaving. Yet, there is about 10-15 per cent demand-supply gap in yarn which has resulted in an upswing in its prices. This might have prompted these players to either set up yarn parks or pay more attention to yarn at their upcoming textile parks,” said J N Singh, joint secretary, Ministry of Textiles.
