It Is Predicted That India'S Cotton Yarn Exports Will Rise To 920 Million Kilograms In The 2012-13 Fiscal Year.

India cotton yarn fabric

In the current financial year, due to high production and low domestic consumption under the macroeconomic crisis, India's

The forecast will increase by 11% to 920 million kilograms, according to a report on Wednesday.

The consumption of cotton yarn in dynamic weaving and knitting units is expected to decline, which has led to a decline in total domestic demand; the strain of liquidity in the textile sector has also worsened this situation.

Dynamic weaving and knitting units account for more than half of India's total domestic cotton yarn demand.

Mr. Nair, Secretary General of the India Textile Industry Federation, said: "because of the global recession, demand for clothing is lower than expected." DK

This has affected domestic consumption.

Last year, after buying the main raw materials,

The factory's sharp decline in the price of local yarn has been caught off guard.

Cotton prices reached a record high last year as global shortages and exports increased.

The factory can neither sell yarn nor sell it locally under profit. This is due to weak demand and limited export, which has brought great losses to the factory.

In order to promote the development of the advanced textile department, Anand, Secretary of Commerce and textiles of India, wrote to Mu Keji, Minister of finance, in November, rewriting the loan structure and

The Department's interest rate subsidies are working hard to overcome their biggest export markets, and the US and EU markets have fallen.

Sharma also called for the repayment of capital repayment of the capital intensive textile units from July 1, 2011. Two years ago, textile unit loans accounted for 90% of the industrial loans, and the loan principal repayment for other textile sectors was extended for one year.