Related Keywords: alternative markets for exports, CCI, China major importer, CITI, cut in production, decline in cotton yarn exports, garment sector, Indian spinning mills, looking to domestic demand, lower capacity utilization, relief from oversupply situation
Indian spinning mills are looking to domestic demand from the garments sector for relief from oversupply situation caused due to decline in cotton yarn exports to China. China has been a major importer of cotton yarn from India with a share of about 46% of Indian exports of the commodity, but that has declined substantially – to an estimated 4% in the first three quarters of FY2015 – undermining the health of Indian spinning mills.
