Pakistan's move won't affect the textile sector

YarnsandFibers News Bureau, 2019-08-13 14:20:00 - India

Related Keywords: cotton, Cotton Association of India, export, Imports, India, Pakistan, Textiles, yarn

India
Pakistan's move won't affect the textile sector

Pakistan’s move to stop import of products from India or of Indian origin is not expected to have much impact on the Indian textile industry, said Siddhartha Rajagopal, executive director of the Cotton Textiles Export Promotion Council.

Pakistan imports mainly yarn and cotton from India. However, in recent years, Indian exporters have slowed down their supply to Pakistan. Between April and June this year, $38 million worth of cotton yarn was exported to Pakistan as against $42 million for the same period last year. The annual yarn exports to Pakistan are about $100 million and it was mostly the low count yarns, Mr. Rajagopal said.

The Indian exporters, who are already facing a drop in cotton yarn exports, will have to look at other markets.

Chairman of the Cotton Association of India Atul Ganatra said India exported only four lakh bales of cotton to Pakistan this year as Indian cotton prices were relatively higher. Pakistan purchased mainly from the U.S. this year.

While direct exports to Pakistan (of cotton) has stopped, indirect exports might continue, he said.

Courtesy: Weekly PriceWatch Report

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Related Keywords: cotton, Cotton Association of India, export, Imports, India, Pakistan, Textiles, yarn

India
Pakistan's move won't affect the textile sector

Pakistan’s move to stop import of products from India or of Indian origin is not expected to have much impact on the Indian textile industry, said Siddhartha Rajagopal, executive director of the Cotton Textiles Export Promotion Council.

Pakistan imports mainly yarn and cotton from India. However, in recent years, Indian exporters have slowed down their supply to Pakistan. Between April and June this year, $38 million worth of cotton yarn was exported to Pakistan as against $42 million for the same period last year. The annual yarn exports to Pakistan are about $100 million and it was mostly the low count yarns, Mr. Rajagopal said.

The Indian exporters, who are already facing a drop in cotton yarn exports, will have to look at other markets.

Chairman of the Cotton Association of India Atul Ganatra said India exported only four lakh bales of cotton to Pakistan this year as Indian cotton prices were relatively higher. Pakistan purchased mainly from the U.S. this year.

While direct exports to Pakistan (of cotton) has stopped, indirect exports might continue, he said.

Courtesy: Weekly PriceWatch Report

0

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Related Keywords
cotton Cotton Association of India export Imports India Pakistan Textiles yarn

 
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