Indian cotton industry secures exponential growth prospects in the country. As India is the top cotton producer in the world. It grows 11.7 million hectares of total cotton production globally. It accounts for a major contribution to the Indian economy's growth and the livelihood of the cotton farmers. The Indian cotton industry has provided livelihood to 60 million people in the country. In India, Gujrat is the dominant producer followed by Maharashtra and Madhya Pradesh. These are the central zone states. The certain southern zone comprises states, like, Telangana, Tamil Nade, Andhara Pradesh, and Karnataka. These are the second-largest cotton-producing states.
The rising textile industry all across the country. To manufacture the fabric coupled with the rising readymade apparel demand in the market, these drivers are increasing the cotton demand all across the country. And further, leads to opening up opportunities for the Readymade Garments trader in India. Which helps them to secure the substantial growth prospect.
Top Indian cotton importing countries:
India exports cotton to 159 countries. Bangladesh, China, and Vietnam are the major Indian cotton-importing countries. Altogether, three nations secured 60% of the total cotton exports globally. During, covid-19 pandemic, Indian cotton, and cotton yarn exporting practices would not stop. After Bangladesh, china is the second largest Indian cotton importer. And these countries accounted for 80% of the total Indian cotton exports. Followed by Vietnam and Indonesia the next largest Indian cotton exporter.
Bangladesh is the dominant exporter of Indian cotton
Bangladesh has evolved into the largest importer of Indian cotton. China is the biggest cotton export market for India. Cotton and cotton yarn apart from this, sewing thread is majorly exported to Bangladesh from India. Backed by no restrictions on the import of Indian cotton in Bangladesh, traders mainly and majorly prefer Indian cotton. And the sourcing of cotton from India is less expensive in comparison to other countries.
Cotton Export from India to China
Cotton is exported from India to China. China is the second-largest cotton yarn export market in India. For the last two years, China has imported buyers of Indian cotton. During the last two years, China has not imported Indian cotton due to the massive reserves of cotton itself. In the cotton category, China mainly purchases Indian cotton yarn and sewing thread. as it is the most demanded cotton.
Cotton varied products are being exported from India to other countries:
- Cotton yarn and sewing thread
- Cotton fabrics and cotton waste
Government initiatives and schemes
Government initiatives towards increasing export practices growth. India secured third position, exporting raw cotton globally. Government not only performs export promoting councils. The focus is to adopt the latest technologies and best farming practices that enhance product productivity. And to attain product quality. For achieving these targets, awareness meetings, and advisories. The adoption of modern scientific farm practices.
The government has implemented various programs and schemes to encourage cotton export practices across the country. Underpinned by the government announced a special package of additional incentives, this is under the Amended Technology Upgradation Fund Scheme. Under the market access initiative schemes.
Home Apparel Online platforms are rising across the country, therefore, an increase the demand for cotton. This leads to securing massive growth prospects for Indian cotton in the market. The textile industry is the prominent industry creating exponential demand for varied cotton products, like, cotton, cotton yarns, and cotton thread.
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