Related Keywords: CAB, CAI, cotton corporation of India, export of cotton to Bangladesh, global tender, growing domestic demand, ICAC, logistics better and easier, plans to tap Vietnam, reworking pricing strategy, SIMA
The Cotton Corporation of India (CCI) has finally decided to come out with global tender for export of cotton to Bangladesh. CCI chose Bangladesh as the logistics are better and easier to manage either by the sea or roadways. China, the world’s biggest buyer, is importing less of the fibre from this year which has affected Indian export.
China has been the largest importer of Indian cotton over the last three years. According to CCI CMD BK Mishra, the response from Bangladesh has been good and should this sale be successful, CCI has plans to tap Vietnam as well.
