India: China'S Strategy Affects India'S Textile Industry

India insiders believe that China imports textile and clothing raw materials from India and sells products to the major markets in the world at a very low price. China's strategy makes India's textile industry in trouble.

"China is an important market for India's textile products, but they usually buy cotton yarn from India," said Shirshir Jaipuria, chairman of the India Textile Industry Association (CITI) and managing director of Ginni filament.

China is a big importer of raw materials in India, but it is not an importer of India's finished garments. "

He said that the strategy of China's textile industry reduced the competitiveness of India textiles in the world market.

China follows the strategy of importing raw materials from India alone.

China has never been willing to buy any finished products from India. Therefore, compared with India, China has enough efficiency in the process of garment manufacturing.

"China will never buy India finished products because China has its own manufacturing base to provide potential purchasers for world buyers," Nair, CITI D.K.Nair.

Regarding bilateral relations between China and India, he stressed that it is now a good time for the two sides to cooperate and expand mutual investment between the two countries.

Nair said that India and China could cooperate and expand business relations.

But because China is a competitive garment producer, they will never buy clothes from India.

Speaking of the India China trade imbalance, he said: "China's trade with all other countries in the world is rarely balanced.

China will not import value-added products from any country.

China's strategy is to protect value-added products and import raw materials only, because China has a good production base and new technologies and new machines. "

Nair stressed that India's manufacturing industry is very weak.

The infrastructure problems of India, including power cuts and road problems, require the government's attention.

Because of these problems, India can not compete with China.

If India wants to increase bilateral trade with China, India must export value-added products to the Chinese market.

The bilateral trade between India and China is currently 60 billion US dollars, and it is expected to expand over time.