China and India Will Strengthen Cooperation in Textile Industry To Develop Together

Focus on dynamic of China and India in the textile industry has great benefits for textile and garment suppliers in India.Are you ready ?

India Garments Exporter

India is the world second largest supplier of clothing and textile products, and is also the only one who has the ability to compete with China in the textile and garment industry in the world.( More Global Trade Opportunities in Tradezz )Indian textile industry is related to cotton, wool, linen, silk, chemical fiber, knitting, etc.,the annual output value of cotton products is op to more than 75% which account for the total output value of all Indian textile industry.

Since the 1990 s, the Indian textile industry keep high-speed growth momentum for many years, and rapidly has obtained the considerable competitive advantage in the global textile market.Textile industry occupy the important position in India's GDP, employment population and foreign exchange revenue.

Textile wholesale and export trade is one of the most dynamic field of the india-china trade. India's textile exports to China's is $4.6 billion in 2013, and the import of textiles from China is $4 billion.As the world's second largest suppliers and of cotton yarn, India's exports to China is based on cotton yarn,and there is complementary on textiles trade structure between the two countries.

On March 4, 2014, the seminar about investing Indian textile industry was held in Shanghai, when the new India's ambassador of China, kang said: in 2013, India's trade deficit with China reached $35 billion, (india-china trade structure) is not sustainable, India needs to upgrade the value chain,and China can be used to increase the investment in India to promote trade between the two countries.

Indian cotton textiles export promotion committee chairman ma nikon, lamas vast believe that India and China textile trade has great potential to dug. On the one hand, the Indian textile industry faces technology upgrading, which needs a lot of equipment. On the other hand non-woven fabrics and industrial fabrics exists bigger potential demand,which therefore need to attract foreign capital and for China's textile enterprises plagued by cost growth, India will be an ideal industry transfer destination.

Bharat Ramaswami points out that, except for the raw material and labor cost advantage, India textile industry will also provide more competitive advantage. Dollar-denominated land costs are falling, and as the promotion of the power grid, new energy development and the construction of transport infrastructure, electricity and logistics cost is expected to continue to decline.

Bharat Ramaswami introduces that, textile is India's second largest export products after agriculture, and the government of India regard it as a major industry of absorbing rural surplus labor force, thus the government has a series of investment policies encouraging foreigners, including welcome to establish foreign textile industrial park in India,and the Indian government adjust tariffs to stimulate leather and clothing export.