For the first time in six years, the cultivated area for cotton in Punjab during this Kharif season has crossed the mark of 3 Lakh hectares. This marks an increase of 17% as compared to 2020.
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According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
India’s entire domestic supply chain of cotton is getting affected due to Covid-19. According to King Mukherjee, President and Founder, Global Impex USA, this is referred to as ‘Tsunami Covid’.
As per Indian Ratings on Friday, it is expected that home textiles exporters will see a growth in the top and bottom lines on account of sustained demand. Stability in raw material prices will also help.
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In February, Pakistan surpassed India, Indonesia, and Vietnam in apparel and textiles export to the US.