.With the addition of the estimated non-fund credit of Rs.15,542 , the total exposure of Banks to textile industry amounts to Rs.171,351 .On the basis of revenues and cost projection of 303 companies for FY 12, Bank of Baroda Capital Market Ltd., has arrived at an EBIT of Rs.13 .On that EBIT, there is a deficit to the tune of 25.8% (or Rs.4) on a payable ofRs.17, 942 per year.On the basis of their calculations, it is expected that the outstanding debt at the end of FY12 should be Rs.100, of which 25.8% needs to be rescheduled.This works out to Rs.25,967 , and if another Rs.10,000 is to be added, which would be the loss in value of the inventory, the total loans that need to be restructured should be about Rs.36,000 .
The Working Group of 12th Five Year Plan has projected an increase in consumption by 8% as reflected in the Draft National Fibre Policy.
The estimated production and consumption of the cotton during the current year and coming year are as follows:-
Balance Sheet of Cotton Advisory Board as on 18th April, 2012.
259.00 bales
267.40 bales
252.00 bales
. in a written reply in the today.