+917718880355

news

India, Russia textile trade likely to reach more than $1bn

YarnsandFibers News Bureau 2017-07-03 15:00:00 – Ahmedabad

The textile trade between India and Russia currently stands at $161 million, but has the potential to reach more than $1 billion with a huge market of winter wears in Russia, said J K Dadu, additional secretary, Union ministry of textiles while speaking at a country session on the second day of Textiles India 2017.

With over 10 months of extreme cold climate in Russia, India can has the potential to cater to this weather through items such as leather jackets, caps, boots, pashmina shawls and various other woolens, which it can export.

Also with Russia's push to become environment friendly, India can provide it with jute bags, Dadu added.

Experts at the session also discussed how high import duties in Russia are impeding exports from India

.

Please Login to comment

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!