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INDIA: Cotton economy unlikely to recover in short term’ – Commodity expert

Sagging cotton prices and production remain the key factors for negative growth in agriculture GDP and had grains, pulses, cotton, and oilseeds been taken into calculation of GDP in totality year on year, the numbers would have been worse. This was revealed in an exclusive interview to fibre2fashion by Mr Biren Vakil, Commodity Consultant, Paradigm Commodity Advisors, while commenting on the negative growth in agriculture GDP. He added by saying that, “As global commodity prices are in secular decline and there is total demand collapse in Chinese and Asian textile sector, cotton economy is unlikely to recover in the short term, thanks to the good Australian cotton crop”. The other factors which will impact recovery in cotton economy is the overall weakness in the textiles and apparel sector and though off course, global cotton market may see anemic recovery in the second half of 2009, said so, Mr Vakil. He observed by saying, “Domestic supply of cotton is down by 25 percent at around 27 million bales. Domestic prices may bottom out in the first half of the current year, but chances of sustainable recovery are slim in near futures due to weak demand”.


Added: March 5, 2009 Source: Agencies







Highlights of the Foreign Trade Policy

The Hon’ble Union Minister of Commerce & Industry, Government of India, had announced the Foreign Trade Policy on 8th April’05. Some of the Salient Features / Highlights of the proposals pertaining to Textile Industry in general and Handlooms in particular are. >> More


Salient features / Highlights of the Foreign Trade policy


Modern Processing Houses

The Indian Home Textile Industry has access to excellent infrastructure facilities and uses the latest technology and machinery.

Many manufacturers have set up state-of-the-art modern processing houses to roll out large volumes of high quality products to meet the international market demands and expectations. Needless to say that India’s Textile Exports have grown exponentially over the last decade.

Eco- Friendly Dyes: Use of Azo-Free Colours

The manufacturers in India are well aware that AZO free colours and dyes should be used. India has discarded the usage of banned materials in the dyeing process with safe substitutes, to ensure eco-friendliness of the products manufactured by the industry.