India's Cotton textiles export to China jump 69.1% in Apr-Feb FY19
Commodity Online | April 16 2019
UPDATED 15:48:49 IST

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India's Cotton textiles shipments to China rose by 69.1% to $1,555.11 million during April-February of 2018-19 financial year, according to data available with the Cotton Textile Export Promotion Council (TEXPROCIL).

Exports of cotton textiles had contributed to the reduction in trade deficit with China as export of these items during April-February 2018-19 had increased by 69% (US$ 1,555 million) over the previous year similar period (US$ 919.76 million), a top official of TEXPROCIL said in a statement.

The official pointed out that export of cotton textiles can increase further if the tariff disadvantage of 3.5% to 10% suffered by India in comparison to Vietnam, Pakistan, Indonesia etc on textile products are addressed by making further special efforts.

The official added that higher exports of cotton textiles including fabrics and made-ups can not only continue to significantly contribute to the reduction of trade imbalance but also lead to attracting investments from the labour intensive industries shifting out of China.

India's overall export of cotton textiles during the period recorded at $11,228.78 million, up 12.5% from $9,980.03 million in the corresponding period last year.

 

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