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.
Browsing: PLI scheme
In this interview, Dr Anup Rakshit, Executive Director, Indian Technical Textile Association (ITTA), highlights on emerging industry trends and the steps taken by the association to boost the industry
In this interview, Dr Anup Rakshit, Executive Director, Indian Technical Textile Association (ITTA), highlights on emerging industry trends and the steps taken by the association to boost the industry
In this interview, Dr Anup Rakshit, Executive Director, Indian Technical Textile Association (ITTA), highlights on emerging industry trends and the steps taken by the association to boost the industry
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.
The PLI scheme of the Indian government aims to strengthen the domestic textile industry by offering incentives to the manufacturing and exporting of some textile products that are made up man-made fibre.
According to the sources, the new Textile Minister, Piyush Goyal is going to review a proposed 106.83 billion production-linked incentive (PLI) scheme related to products made of man-made fibre and technical textiles.