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


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