Arvind To Welspun: Textile Industry's Growth Levers In Place, Outlook Upbeat: Systematix

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Report.India’s garment exports ($17 billion) are lower than its peer countries like Vietnam ($35 billion), Bangladesh ($32 billion) and China ($175 billion) even as it accounts for ~27% of the global cotton capacity and has the world’s second-largest labour force along with significantly lower water costs. This is attributable to the European Union's duty-free access to several countries (Vietnam, Bangladesh, Cambodia, Pakistan), while imports from India attract a ~10% duty and involve higher power costs & longer lead times.Strong tailwinds should support India’s overall textile exports.Arvind Ltd. plans to sweat its existing assets for the next 2-3 years for growth and hence, requires minimal capex.Welspun India Ltd. is expanding its traditional business capacity after four years with capacity addition of 7% in towels (from Q1 FY21), 20% in bed linen and 50% in rugs (from H2 FY22)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Arvind To Welspun: Textile Industry's Growth Levers In Place, Outlook Upbeat: Systematix

Arvind To Welspun: Textile Industry's Growth Levers In Place, Outlook Upbeat: Systematix

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