The Textile Secretary pointed out that countries like Bangladesh and Vietnam have no import duties for importing cotton from Australia, Brazil and South Africa.
Countries importing textile products from Sri Lanka have now started moving towards Indian exporters as Sri Lanka continues to reel under its worst economic crisis, said the Ministry of Textile official on Friday.
UP Singh, Secretary, Ministry of Textiles said, “ Some countries who were earlier importing from Sri Lanka, have started contacting India, as Sri Lanka is under its worst economic crises. Some orders have already been given to companies in the Tirupur district of Tamil Nadu.”
Singh said that last year’s textile sector export was around USD 43 billion and this year the target has been set for 100 billion. He said India currently produces more than 340 lakh bales of Cotton, but consumption is going to be more than production due to the order diversion from Sri Lanka due to crises.
