The Latest Information Express Of India Textile Industry (8.22)

The export of cotton yarn to India of < p > strong > 55% increased by less than /strong < < /p >

< p > in the first four months of India's current fiscal year, India's "a" href= "http://www.91se91.com/news/index_c.asp" > cotton yarn < /a > exports to China increased sharply by 55%, thanks to the sharp rise in demand in China.

If current trends continue, India's cotton yarn exports to China will reach a new record.

Data compiled by the India General Administration of foreign trade show that in 2013 4-7, India's traders and exporters registered duty-free export volume of 488 million 150 thousand kg, compared with the export volume of 314 million 190 thousand kg last year.

The export registration of cotton yarn is almost two times that of 245 million 840 thousand kilograms registered in 4-7 in 2011.

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< p > it is reported that the India cotton yarn consultation bureau predicts that the export volume of cotton yarn to China in the current fiscal year will rise by 14.2% over the same period last year, reaching 1 billion 150 million kilograms in India.

But the actual export data may be even higher.

This year, India's total cotton yarn production capacity is estimated at 4 billion kilograms.

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Mr. Nair, Secretary General of the India p a _blank "href=" http://www.91se91.com/ "textile" /a "Industrial Federation, said:" the continuous growth of cotton yarn exports has not affected the supply to domestic factories.

Domestic factories have enough supply to operate smoothly. "

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The growth of cotton yarn exports has reduced the prospect of cotton exports because Chinese importers found that purchasing cotton yarn is more cost effective than P.

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Leah, a cotton trade and exporter in Mumbai, said that the Chinese government has collected about 40% of the import and local taxes in order to encourage the local power weaving and textile sectors.

On the contrary, the import duty of cotton yarn is 7-8%. Therefore, imported cotton can not attract the interest of China textile mill.

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< p > China produces about 670-700 tons of cotton per year, and consumption amounts to 9 million 500 thousand tons.

The Chinese government has drawn up a policy that the shortage of cotton will be offset by the zero import tax. Additional imports will attract high tariffs.

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Leah P said that the India government should adopt the same policy.

The government should levy a high export tax on cotton yarn exports to discourage exports of cotton yarn.

On the contrary, local textile mills should be encouraged to produce cheap "a" target= "_blank" href= "http://www.91se91.com/" > clothing /a by using additional amount of tax exemption.

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Another factor contributing to the sharp rise of India's cotton yarn exports is the depreciation of the India rupee and the US dollar exchange rate. < p >

The exporter hastily signed the contract with the importer under the current exchange rate to lock out the export.

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< p > < strong > India advocates to promote the development of textile industry with the promotion of industry skills < /strong > /p >

< p > June 19th, < a href= "http://www.91se91.com" > India textile industry < /a > new minister Kavuru Sambasiva Rao was appointed.

The new textile minister promised to do everything possible to promote the export and employment of the textile and garment industry in the country.

His ambitious plans include promoting the current annual export to $50 billion.

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< p > it is understood that the annual export volume of India's textile and garment industry is around us $33 billion.

In order to achieve the export target of US $50 billion, Kavuru believes that we must encourage the upgrading of textile a href= "http://www.91se91.com" > garment industry < /a >, and further communicate with entrepreneurs, find out the problems they encounter in the production process, and discuss effective support programs with the government to help them increase exports.

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On the day of assuming P, Kavuru emphasized the importance of skill development.

He pointed out that the upgrading of the textile industry's skills will drive up production and reduce production costs, making it more competitive in the international market.

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< p > however, in some India a href= "http://www.91se91.com" > textile industry < /a > people, the export target of US $50 billion is somewhat impractical.

Due to the weak demand in the main export markets of the United States and the European Union, India textile and clothing exports amounted to 31 billion 700 million US dollars in the 2012~2013 fiscal year (April 2012 ~2013 March), compared with 33 billion 300 million US dollars in the same period last year, a decrease of 4.8%.

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< p > the United States and the European Union are the main export destinations for textiles and clothing in India, accounting for 2/3 of their total exports.

According to the statistics of India Clothing Export Promotion Committee, in the 2012~2013 fiscal year, India's clothing exports amounted to 12 billion 900 million US dollars, down 5.8% compared with the US $13 billion 700 million in the previous fiscal year.

Among them, the clothing exported to the EU was 5 billion 130 million US dollars, down 21% compared with the same period last year.

According to the data of India textile department, the proportion of garments and cotton textile products accounted for 74% of the total export volume in 2012~2013.

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< p > < strong > India seeks greater Korean a href= "http://www.91se91.com" > textile market < /a > admittance < /strong > /p >

< p > India seeks greater Korean market access, including textiles and clothing.

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Anand, Sharma, Minister of Commerce and industry of India and Yoon Sang-jick of South Korea, held bilateral meetings during the recess of the ASEAN foreign ministers meeting held in Brunei. Mr. Sharma pointed out that India's trade deficit widened.

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< p > realizing that bilateral trade needs to be more balanced, the South Korean Minister agreed to consider providing better market access for India products.

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Mr. P > Sharma confirmed that India needs South Korea to provide more market access for the three industries such as a href= "http://www.91se91.com", "textile and clothing" /a, information technology and generic drugs.

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< p > "trade balance is conducive to long-term, sustainable and harmonious development of our economic cooperation," Mr. Sharma said.

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"P > Sharma commended that the growth rate reached 70% in the first two years of the implementation of the comprehensive economic partnership agreement with the Republic of Korea (CEPA).

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< p > -6 in January 2013, India imported $6 billion 340 million from South Korea and exported $1 billion 770 million to Korea during the same period.

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< p > in 2012, India exported $4 billion 140 million to South Korea and imports 13 billion 500 million US dollars in the same period.

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< p > < strong > 2013-14 cotton production in India is expected to grow 4.5% < /strong > < /p >

< p > India Cotton Association (CAI) said today that in the 2013-14 years since October 1st, India's cotton output is expected to increase by 4.56% to 37 million 200 thousand packs (170 kg / pack).

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< p > India < a href= "http://www.91se91.com > > Cotton Association < /a > estimated that the output of 2012-13 years is 35 million 580 thousand packs.

The cotton season is from October to September of next year.

Cotton planting area is not expected to exceed 2012-13 years.

However, rainfall will increase cotton yield per unit in time.

The highest yield per unit area in Gujarat, India, has increased by 10% because of the good monsoon rainfall.

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Compared with the 2012-13 years below the average rainfall, the rainfall of all other cotton producing countries in the monsoon season is also good. < p >

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