The US ban on cotton from Xinjiang has led China to import more cotton from other countries such as Vietnam and India. As a result, India’s exports to China increased significantly in Q4 FY21 and share of China in Indian exports increased to 25% in FY21 (from 22% in FY20). In FY22, the momentum in export growth is estimated to be higher due to revival in global economy along with ongoing restrictions on Xinjiang region produced cotton and possible similar restrictions from other countries such as UK, says Anuj Sethi, Senior Director, CRISIL Ratings, in this interview.
Search Results: man-made (968)
Akash Kirit Marfatia has partnered with an Austria-based company Lenzing to produce plant-based silk.
Akash Kirit Marfatia has partnered with an Austria-based company Lenzing to produce plant-based silk.
According to Sanjay Jain Managing Director, TT Ltd, the government has planned many initiatives that are going to benefit the textile industry in the near future.
According to Sanjay Jain Managing Director, TT Ltd, the government has planned many initiatives that are going to benefit the textile industry in the near future.
Technical textiles offer huge growth potential for Indian textile companies. To tap this opportunity, firms will have to invest in R&D and continuous product development, says Rakesh Rao.
After Piyush Goyal took over the reins of the Union Textile Ministry, the Government of India on July 14, 2021, gave its assent for the continuation of the Rebate of State and Central Taxes and Levies (RoSCTL) scheme on exports of apparels and made-ups till the end of March, 2024.