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Related Keywords: Bangladesh may emerge, dropping, first time to China, India exports of cotton and cotton products, Indian companies, labour-intensive sectors, largest importer, largest textile and garment exporter, set up shop in Bangladesh, soaring costs, yarn and fabric to China

India’s exports of cotton and cotton products, such as yarn and fabric in 201-17 to China, the world’s largest textile and garment exporter, dropping to $416.14 million, while those to Bangladesh touches $613.16 million in the first half of the current fiscal according to official data. Bangladesh may emerge as the largest importer of such item for the first time to China.

Related Keywords: China, Combed cotton yarn, cotton yarn demand drop, Indian cotton yarn producer, Indian textile industry, largest importer, Southern India Mills Association, TUFS

Indian cotton yarn producers facing a tough time as the demand for cotton yarn from China, the largest importer of Indian yarn has slowed down since April due to which exports have dropped and subsidies under technology upgradation fund scheme (TUFS) have been overdue for the past few months.

Mills have also not received interest subsidies under TUFS since December. For investments to the tune of Rs 65,000 crore made by over 1,000 units since 2010, interest subsidy of around Rs 3,000 crore is pending. This has put further pressure on the working capital of the mills

Related Keywords: cloth, cotton, fiber, garment products, Indian textile and garment material supplier, input material, largest importer, market share, Vietnam textile industry

At present, Vietnam is the world’s third largest importers of textiles and ranks fifth on the list of the largest suppliers of garment products. On the other hand, India is the world’s second largest producer of input materials for the textile and garment industry, such as cotton, cloth and fiber. Keeping this in mind, the Indian textile and garment material suppliers have drawn up a plan to raise their market share in Vietnam to 25 percent by 2018.