India dreams of capturing 8-9 per cent of the total global trade by 2020, however looking at the present scenario, it may capture a share of only 5-6 per cent by 2020.
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After registering a decline of about 9 per cent in cotton season (CS) 2018-19, India’s cotton production is likely to witness a double-digit growth of about 16 per cent in CS 2019-20 with production at 6.6 billion kg during the year on back of favourable monsoon as well as increased MSP that led to increased cotton crop sowing. For CS20, the acreage under cotton is estimated to have marginally increased by about 1.3 per cent to 12.8 million hectares.
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is one of the oldest Export Promotion Councils in India. The council has played a transforming role over the years, inculcating export culture and promoting exports of Indian man-made fibre (MMF) and textiles.
India’s textile sector is under stress with 2019 turning out to be a challenging year. The country’s exports of textile and apparel declined by 4.3 per cent to $22 billion in the first seven months of FY2020 (April-November). While cotton yarn was a major casualty with 37 per cent decline (whereby exports to China alone halved), growth of apparel exports continued to be anemic.
The production of the Textile Engineering Industry (TEI) recorded a decrease of 1 per cent viz. Rs 6,865 crore in 2018-19 as against Rs 6,900 crore achieved during 2017-18.
Dollar Industries, one of the leading brands in the hosiery sector with an enviable 15 per cent market share and a good percentage in textile exports of the total production in the Indian hosiery market, has a 1000 kilolitre zero liquid discharge (ZLD) effluent treatment plant to treat water for captive use and correspondingly reduce its reliance on municipal sources.Vinod Kumar Gupta, Managing Director, Dollar Industries, speaks on its ZLD plant set up and wastewater treatment and technologies in India.
Today, Bangladesh is the world’s second largest readymade garment exporting country, generating approximately $ 30 billion in export value every year.