India'S Cotton Exports Do Not Limit The Capacity Of The Textile Industry To Continue To Expand.
Despite the fact that
India
The supply of yarn is excessive, but the industry in India is expected to increase domestic and foreign market demand.
textile industry
Continue to expand production capacity, the current capacity has reached 50 million ingots, the next year will also increase by 10-15%.
Nair, general secretary of India Textile Alliance, said that as long as India cotton can export, the domestic textile industry will not be saturated, which is why India's industry believes that the demand for domestic and foreign cotton yarn will revive in India.
India economic monitoring center predicts that India yarn production in 2015/16 is expected to grow by 4.8% to 4 million 300 thousand tons.
The new capacity is mainly in Gujarat to digest the excess supply of cotton in the region.
Nair, general secretary of India Textile Alliance, also said that even if China's import demand is weakening, India cotton also has others.
Exit
Market, and the oversupply of cotton in India is only short-term. The goal of the textile industry output value set by the government is US $500 billion, which will promote the expansion of all links in the entire textile industry chain.
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