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.
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Indian textiles and clothing industry has been facing several challenges especially on raw material front and could not achieve the envisaged potential growth rate both in the international and domestic markets.
The AEPC held a webinar on ‘Sourcing of Polyester Fabric’ in association with Reliance Industries Ltd (RIL). It was attended by around 50 key players in the manmade fibre (MMF) based garments sector.
The AEPC held a webinar on ‘Sourcing of Polyester Fabric’ in association with Reliance Industries Ltd (RIL). It was attended by around 50 key players in the manmade fibre (MMF) based garments sector.
The AEPC held a webinar on ‘Sourcing of Polyester Fabric’ in association with Reliance Industries Ltd (RIL). It was attended by around 50 key players in the manmade fibre (MMF) based garments sector.
The Southern India Mills’ Association (SIMA) has fervently appealed to the Union Finance Minister to withdraw the cotton import duty, as the duty is severely hurting the global competitiveness of the Indian textile and clothing industry.
The Southern India Mills’ Association (SIMA) has fervently appealed to the Union Finance Minister to withdraw the cotton import duty, as the duty is severely hurting the global competitiveness of the Indian textile and clothing industry.