Related Keywords: cotton, Demand for cheaper prices, domestic output, exportable goods becoming uncompetitive, exporters of cotton textile products, Fabrics and Home Textiles, FTAs, international market, Texprocil, textile raw material, yarns
The largest producer of cotton in the world finds that its exportable goods are becoming uncompetitive in the face of the raw materials in India available for the manufacturing of these goods turning out to be costly.
Currently, the raw materials are available at marginally higher prices in local markets than the prevailing prices in the international markets.
Hence, the textile industry has urged the government to make cotton available for textile mills at prices cheaper than the prevailing prices in the international markets.
