Maris Spinners Ltd Management Discussions

The Company is in the business of manufacturing 100% Cotton Yarns, having its units at Hunsur, Mysore Dt., Karnataka and Manapparai, Trichy District, Tamilnadu. The unit supplies its produce to the domestic markets.

The Indian textile industry is one of the largest and most dynamic sectors in the world. With its rich cultural heritage and diverse production capabilities, India is poised to become a global textile leader soon. As we move into the future, several key trends and innovations are shaping the trajectory of the industry.

Key Growth Drivers for the Indian Textile Industry by 2025

Increasing Global Demand for Textiles India is positioned as a leading supplier of textiles globally. By 2025, the industry is expected to see significant growth in exports, driven by increasing demand in key markets such as the United States, Europe, and the Middle East. Indias textile exports are projected to reach $45 billion by 2025, up from the $38 billion mark in 2020. This growth is driven by Indias competitive manufacturing costs, skilled labour force, and the push to strengthen its export-friendly policies.

Sustainability and Eco-friendly Practices: As the world moves toward sustainability, the Indian textile industry is embracing eco-friendly manufacturing practices. Sustainable textiles, organic fibers, and eco-friendly dyes are expected to become standard by 2025. The rise of sustainable brands and an increase in consumer awareness around eco-conscious products are prompting Indian manufacturers to adopt green technologies. Moreover, India is focusing on circular economy principles, recycling, and waste reduction in textile production.

Technological Advancements and Automation Technological innovations are revolutionizing the Indian textile industry. Automation, AI, and IoT (Internet of Things) are streamlining production processes, improving efficiency, and reducing costs. By 2025, we can expect more widespread adoption of technologies like smart textiles, digital printing, and automated stitching machines. The implementation of data analytics for real-time decision-making will also play a crucial role in optimizing supply chains and improving product quality.

Government Initiatives and Policy Support The Indian government is playing a pivotal role in transforming the textile sector through various schemes such as the Production Linked Incentive (PLI) Scheme for Textiles and the National Textile Policy. These initiatives aim to boost manufacturing, exports, and job creation. By 2025, the government plans to enhance the competitiveness of the Indian textile industry, especially in high-value-added segments like technical textiles and apparel.

Growth in Domestic Market the Indian textile industry is not just focusing on exports. Domestic demand for textiles is expected to grow at a steady pace. With the growing middle class, changing fashion trends, and rising disposable incomes, the demand for both traditional and modern textiles will soar. By 2025, the domestic market is expected to contribute significantly to the textile industrys growth.

Innovations and Trends Shaping the Textile Industry by 2025

Smart Textiles The future of textiles is moving toward functionality. Smart textiles, which can respond to external stimuli such as heat, light, or moisture, are expected to be a major trend by 2025. These textiles can be used in medical, sports, and fashion applications, such as garments that monitor health parameters or adapt to environmental conditions.

Technical Textiles Technical textiles, which include products used in industrial, medical, and aerospace applications, are rapidly growing in India. The government is promoting technical textiles as part of its focus on high-value-added products. By 2025, India aims to become a key player in the global technical textiles market, which is expected to grow substantially in the coming years.

Digital and 3D Printing Digital printing and 3D textile printing are emerging as game-changers in the Indian textile industry. These technologies enable faster and more customized production, reducing waste and allowing for greater design flexibility. As fashion trends change quickly, digital and 3D printing will allow manufacturers to keep up with demand and produce limited-edition, high-quality textiles.

Challenges to Overcome

While the outlook for the Indian textile industry is positive, there are several challenges to address. These include:

High Raw Material Costs: The cost of raw materials such as cotton and man-made fibers continues to fluctuate, impacting profitability.

Infrastructure Gaps: Despite improvements, the textile industry still faces challenges related to infrastructure, logistics, and outdated machinery in some regions.

Environmental Concerns: While sustainability is a growing trend, more efforts are needed to reduce water and energy consumption in textile manufacturing.

GOVERNMENT INITIATIVES

The Indian government has come up with several export promotion policies for the textiles sector. It has also allowed 100% FDI in the sector under the automatic route.

1. Strengths:

a) Basic raw materials:

The strong point of India is that, it is very self-sufficient in raw materials, especially when it comes to natural fibers. It is seen that, the third-largest cotton crop in the world is grown in India. The speciality of Indian textile industry is that, all types of fibres are produced and handled here.

b) Labour:

The Indian apparel and textile industry has long been supported by low-cost labour and strong entrepreneurial abilities.

c) Adaptability:

The garment industrys predominately small-scale manufacturing gives for more flexibility in handling more specific and smaller orders.

The textile sector in India offers a number of advantages. The first is the accessibility of inexpensive labour. According to facts, the country has highly skilled labour available for very little money, which lowers the cost of production. India has a lot of raw materials available, which helps to minimise costs and shorten lead times. Resources including jute, cotton, silk, and cotton yarn, as well as man-made fibres, are particularly abundant in India. Another highlight area of India is its large diversity of cotton fibres that stands India apart from other nations. They go on to say that the textile as well as garment sector in India is very self-reliant one. From the acquisition of raw materials through the creation of completed items, it has a whole value chain.

a) Technical Textiles:

b) Sustainable & Organic Textiles: Rising demand for eco-friendly fabrics like organic cotton, bamboo textiles, and biodegradable materials.

c) Digital & Smart Textiles: AI-driven manufacturing, IoT-based quality control, and 3D weaving revolutionizing production.

d) Handloom & Artisanal Textiles: Government promoting handloom clusters to preserve Indias rich weaving heritage.

e) Man-Made Fibre (MMF) and Apparel: Government focus on synthetic textiles, MMF apparel, and high-value garments.

a) PM MITRA (Mega Integrated Textile Region & Apparel Parks): 7 mega parks with world-class infrastructure and $10 billion expected investment.

c) Samarth Scheme: Skilling 10 lakh artisans and textile workers to bridge skill gaps.

d) Integrated Processing Development Scheme (IPDS): Support for eco-friendly processing units to meet global environmental standards.

e) National Handloom Development Programme (NHDP): Support for handloom weavers, market linkages, and financial assistance.

f Raw Material Support Schemes: Cotton, jute, silk, and wool promotion initiatives to enhance quality and yield.

g) Creation of mega textile parks in India: The Government has created mega textile parks in India which will help the textile industry.

a) Trade Deficit & Competition: India faces high import costs of synthetic fibres and tough competition from China, Bangladesh, and Vietnam.

b) Lack of Technology & Automation: Slow adoption of AI, robotics, and smart textiles limits productivity.

c) Environmental Concerns: Water-intensive production and pollution from dyeing units affect sustainability goals.

d) Infrastructure Gaps: Need for modern textile parks, better logistics, and export-oriented clusters.

e) Skilled Workforce Shortage: Limited technical training in high-value textiles like technical and MMF-based fabrics.

f) Ever increasing power cost and interest rates.

Conclusion:

The global textile market is currently worth $400 billion. According to data and the facts it is forecasted that, the output of textiles will rise by 25% globally, with Asia playing a major role. As per as the Indian textile and apparel sector is considered as one of the largest in the world, plays a vital role in the Indian economy, and is very old. The scale, scope, depth, and competitiveness of the Indian textile and apparel sector is incomparable by any other country, exception of China. India now has the chance to work on its inherent strengths and become the top sourcing and investment place after quotas were removed at the end of 2004.

The Company has an adequate internal control system commensurate with the size and complexity of the organization. The Company has undertaken a comprehensive review of all internal control systems to take care of the needs of the expanding size of the Company and also upgraded the IT support systems. A system of internal audit to meet the statutory requirement as well as to ensure proper implementation of management and accounting controls is in place. The Audit Committee periodically reviews the adequacy of the internal audit functions.

7. MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED:

There are no material developments in the Human Resources area. The industrial relations have been generally satisfactory. The Company constantly reviews the man power requirements and has a properly equipped Department to take care of the requirements. The total number of people employed by the Company as on 31.03.2025 was 463.

The total Revenue for the year 2024-2025 was Rs. 16901.08 lakhs with a Loss of Rs. 164.69 lakhs.

In the preparation of financial statements, no treatment different from that prescribed in Accounting Standard has been followed.