Pakistan's Move Will Not Affect The Textile Industry.
Siddhartha Rajapal, executive director of the Cotton Textile Export Promotion Council, said Pakistan's move to stop exports from India or India is not expected to have a big impact on India's textile industry.
Pakistan mainly imports yarn and cotton from India. However, in recent years, India exporters have slowed down the supply to Pakistan. Between April and June this year, $38 million worth of cotton yarn was exported to Pakistan, compared with $42 million last year. Mr. Rajagopal said that the yarn exported to Pakistan is about $100 million a year, mainly low count yarn.
India exporters, who are already facing a slide in export of cotton yarn, will have to pay attention to other markets.
Atul Ganatra, chairman of India Cotton Association, said that because of the relatively high cotton prices in India, India exported only four hundred thousand bales of cotton to Pakistan this year. Pakistan is mainly bought from the United States this year.
Although direct exports to Pakistan have ceased, indirect exports may continue, he said.
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