New Delhi, Nov 1 (KNN) Due to the sluggish overseas demand for textile and clothing products, the Tamil Nadu textile units are likely to reduce their utilisation of cotton till the end of Q3 of 2022, a report by The Hindu stated.

The total consumption of these mills in Q3 (October to December) last year was 15.37 lakh bales of cotton whereas this year the amount is expected to reduce to 10.56 lakh bales during the same period. 

The survey conducted by the textile industry association, Indian Texpreneurs Federation (ITF) of 132 textile mills in the state of Tamil Nadu which have a total of 61 lakh spindles. 

“Around 74 per cent of the mills have reduced capacity utilisation voluntarily due to low demand. In fact, around 6 per cent of these units have shifted fully to man-made fibre and 11 per cent have increased the use of man-made fibre along with cotton,” it said.

Textile mills in the state, one of the largest cotton yarn producers in the country are expected to consume 10 lakh bales of less cotton in these three months compared to the same period last year, said convenor of ITF, Prabhu Dhamodharan. 

“The demand for man-made fibre (MMF) products is relatively better and capacity utilisation in textile mills that consume MMF is higher at 71 per cent,” Dhamodharan told The Hindu. 

The international buyers are optimistic about the demand picking up pace during Christmas.  (KNN Bureau)