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Textile industry, Trade

 

The US was followed by EU, Bangladesh and the UAE

India scaled its highest ever exports tally at $44.4 billion in Textiles and Apparel (T&A) including handicrafts in FY 2021-22, indicating a substantial increase of 41 per cent and 26 per cent over corresponding figures in FY 2020-21 and FY 2019-20, respectively.

The US was the top export destination accounting for 27 per cent share, followed by EU (18 per cent), Bangladesh (12 per cent) and the UAE (6 per cent).

In terms of product categories, the export of cotton textiles was $17.2 billion with 39 per cent share registering a growth of 54 per cent and 67 per cent during 2021-22 over FY 2020-21 and FY 2019-20, respectively.

Export of Ready-Made Garments was $16 billion with 36 per cent share showing a growth of 31 per cent and 3 per cent during 2021-22 over FY 2020-21 and FY 2019-20, respectively.

Man-made textiles export was $6.3 billion with 14 per cent share which shows a growth of 51 per cent and 18 per cent during 2021-22 over FY 2020-21 and FY 2019-20, respectively.

 The US was followed by EU, Bangladesh

AgroPolicy, Textile industry

It is expected that the cap removal will help the farmers, mills and jute MSME sector

Government of India after careful examination of the market dynamics of raw jute trade has lifted price cap of Rs 6500 per quintal for TD5 grade of raw jute fixed w.e.f. September 30, 2021 on purchase of raw jute by the jute mills and other end users.

Jute Commissioner Office has been collecting the information about the raw jute prices through formal and informal sources and found that the present prices are ruling near the capped price. As the existing prices of raw jute are ruling around Rs 6500 Government of India has taken a dynamic decision to lift the price capping w.e.f. May 20, 2022.

It is expected that the cap removal will help the farmers, mills and jute MSME sector wherein over seven lakhs people are dependent on the jute trade in addition to about 40 lakhs jute farmers. The decreasing trend in prices will also benefit jute goods exports which constitute about 30 per cent of the industry’s turnover in value terms.

It is expected that the cap removal

AgroPolicy, Australia, Middle East countries, Textile industry, Trade

Goyal was speaking on the sidelines of the news trade agreements in the textile sector between India, Australia and the UAE

The Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal said that new Economic Cooperation and Trade Agreements with Australia and the UAE would open infinite opportunities for the textile industry. He said that Indian textile exports to Australia and the UAE will now face zero duty and expressed confidence that soon Europe, Canada, the UK and GCC countries would also welcome Indian textile exports at zero duty.

Goyal was delivering the Keynote address at the Golden Jubilee Celebrations of the ‘Confederation of Indian Textile Industry- Cotton Development and Research Association’ (CITI- CDRA) in New Delhi today. The Vice President of India, M Venkaiah Naidu was the chief guest at the celebration.

The minister mentioned that trade agreements would help in increasing exports from labour-intensive industries. He added that India must also be open to receiving new technology, rare minerals, raw materials which are in short supply in India etc. from the world at reasonable costs. This will only increase our production, productivity and quality, which in turn will increase demand for our products all over the world, he said.

Goyal also said that the Indian textile industry has the potential to achieve $100 billion in exports by 2030.

He applauded CITI-CDRA for working towards developing a robust cotton ecosystem by directly engaging about 90,000 cotton farmers. The minister observed that more than just fibre, cotton has been an integral part of Indian culture, lifestyle and tradition.

Goyal called upon Indian cultivators to adopt new technologies and global best farm practices. He spoke of the AI technology that is enabling farmers in Australia to control spraying operations, as the cotton crop is sensitive to spraying through data-driven decision making.

Goyal was speaking on the sidelines of

Agro Universities, Sustainability, Textile industry

The identification of the natural hazard-prone areas and mapping of the vulnerable zones of the Sundarbans areas, preparation of carbon stock and budget in the mangrove forests were discussed during the workshop

Dr Tilak Raj Sharma, Deputy Director General (Crop Science), ICAR recently launched a workshop of ‘Multi-National Project at Sundarbans through Drone Survey’ organised by the ICAR-Central Research Institute for Jute and Allied Fibres, Barrackpore near Kolkata.

Inaugurating the workshop, Dr Sharma emphasised that the project can deliver solutions for the farmers of the Sundarbans practising farming in one of the most vulnerable agro-ecological conditions of the country. The identification of the natural hazard-prone areas and mapping of the vulnerable zones of the Sundarbans areas, preparation of carbon stock and budget in the mangrove forests and Jute-based agro-ecosystem, etc., were emphasized by the DDG.

Dr RK Singh, ADG (Commercial Crops), ICAR underlined the scope for enhancing the farming community’s income through the Jute-based handicraft products.

Earlier, welcoming the dignitaries, Dr Gouranga Kar, Director, ICAR-CRIJAF, Barrackpore stressed the need for reconciling the integrated approach that envisages the ecological and adjacent socio-cultural systems for the natural hazards protection, livelihood improvement and poverty alleviation of the Sundarban regions.

The local panchayats and members of Gram Trust NGO also participated in the workshop.

The identification of the natural hazard-prone areas

AgroPolicy, Textile industry

The minister was speaking at the recently held CII Manufacturing Conclave 2022

India will play an increasing role in the revival and restoration of international economies, said Piyush Goyal, Union Minister for Commerce & Industry, Textiles, Consumer Affairs and Food & Public Distribution at CII Manufacturing Conclave 2022.

“We do have international geopolitical uncertainties as we see today on the Ukraine-Russia crisis, but I am very confident that India will play an increasingly important role in the revival and restoration of international economies in the years ahead. In the post-covid world we are going to see a new world order and India, though we may be a $3 trillion economy today, should aspire for very, very bold and aggressive targets. I think we can still aim for the $5 trillion economy by 2026 but it’s not possible unless all of you participate with full gusto in this very, very ambitious plan,” said Goyal in his address through video conferencing.

Goyal called upon the industry champions to invest heavily in labour-intensive sectors.

“You have the power to lift the millions out of poverty, you have the power to give a better quality of life to the underprivileged. Together we can create not lakhs but crores of jobs in the Textiles sector, Agri/Food Processing, there are so many sectors where Labour is an important element of cost, that’s our competitive or comparative advantage that we should leverage,” he said.

Goyal said India needs to focus on our EDGE in Global Competition, – Economies of Scale, Demographic Dividend, Government and Industry focus on Quality & Efficiency. “For ‘Brand India’ to emerge, we need a mindset change towards quality from Compliance to Consciousness,” he said.

The minister was speaking at the recently