Business Prospects of Manufacturing Cotton-Based Fabrics in Tamil Nadu

Best Business Opportunities in Tamil Nadu

Tamil Nadu is one of the most industrialized Indian states, and the manufacturing sector constitutes more than one-third of the state’s gross product. The manufacturing of heavy vehicles such as automobiles, military vehicles, railway cars, agricultural equipment is amongst the state’s primary industries. The other significant manufacturing sectors include food processing, textile milling, chemicals, pharmaceuticals, and electronic equipment. Agriculture continues to be the most significant contributor to the economy of Tamil Nadu, as 70% of the population is engaged in agriculture and related activities for their livelihood.

Related Project: Textile Industry (cotton Fabric)

The state has an area of about 1.3 lakh square kilometres with a cultivated area of about 63 lakh hectares. The government policies and schemes have been initiated to facilitate stability and enhance agricultural production to meet the food requirement of the increasing population. And to cater to the raw material requisites of agro-based industrial sectors, and thereby offering employment opportunities to the rural population.

Cotton is a primary commercial crop of India. Coimbatore is referred to as the ‘Manchester of Southern India’. Out of the 2500 textile mills in India, 800 are in Tamil Nadu and 300 are in Coimbatore itself. Considering its climate and regur soil, the state is ideal for the cultivation of long and extra-long-staple cotton. Tamil Nadu is a pioneer in the cultivation and development of long and extra-long-staple cotton in India. The release of the first extra-long staple cotton (G Hirsutum) variety in the state has been an exclusive milestone.

The highly skilled and knowledgeable NPCS team with a well-formulated plan assures higher gains. We offer all the necessary information as per the project requisites.

The following varieties of cotton are also cultivated in the state:

Ø Long-staple cotton: It has the longest fibre ranging from 24mm to 27mm. The fibre is long, fine, and shimmery. It is used in making clothes of superior quality. There has been immense progress in the manufacturing of long staple cotton post-independence.

Ø Medium-staple cotton: The fibre length is between 20mm to 24mm Around 44% of the total cotton production in the country comes from the medium staple.

Ø Short-staple cotton: This cotton fibre is of inferior quality less than 20mm in length. It is used in manufacturing sub-standard quality of clothes and fetches a lower price.

Tamil Nadu is the top producer of cotton in India. The state contributes to about 1.55% of the total production in the country. The government of Tamil Nadu has also initiated the ‘Tamil Nadu Cotton Cultivation Mission’ to facilitate the cultivation of the cotton crop. The mission has been launched to enhance productivity, production, and funds under the Government of India Cotton Technology Mission. Under this mission for the year 2019-2020 as illustrated below, the farmers would be issued with subsidized cotton seeds, bio-fertilisers, bio pesticides, plant protection, weedicides, and pulse seeds for intercrops. The scheme also intends to promote the indigenous variety of cotton.

Related videos:- Textile Industry

Image Source: www.timesofindia.com

Coimbatore, Madurai, Salem, Ramanathapuram, Tiruchirappalli, South Arcot, Chengalpattu, Vallalur, and Tirunelveli K. Bomman are the main cotton manufacturing districts in the state. Cotton is one of the popular textile raw materials across the globe. It is referred to as the ‘White gold’ or the ‘King of fibres’. It provides the preliminary raw material to the cotton textile industry. Thus, the manufacturing of cotton-based fabrics would prove to be a beneficial venture in the state.

NPCS is one of the established brands in the corporate domain offering integrated technical consulting services. Having explored the market for ‘Business Prospects of manufacturing cotton fabrics in Tamil Nadu’, venturing into the same would result in higher gains!

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Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
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