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Cotton exports: US bans China's cotton products: How India can seize the advantage


Updated Dec 15, 2020 | 13:07 IST
The latest US ban on products made with Chinese outfit XPCC s cotton has prompted ratings agency ICRA to suggest that it could work in India s favour.
Representational image.  |  Photo Credit: Twitter
Key Highlights
The ban has sweeping consequences for apparel firms and other companies importing cotton products
As per the Indian Cotton Association s estimates, cotton exports are expected to rise as high as 65 lakh bales in the current fiscal year against the June estimate of 40 lakh bales, signifying a staggering 63 per cent improvement
While the Indian rupee fell to a two-month low in early November, global cotton prices nearly approached their highest in 17 months, thereby increasing traders margins ....

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Bangladesh, India can jointly offer tough race for global competitors in textile business: Shahriar-523298


Bangladesh, India can jointly offer tough race for global competitors in textile business: Shahriar
UNB
12th December, 2020 02:16:53
State Minister for Foreign Affairs M Shahriar Alam on Saturday said Bangladesh and India can offer a tough race for other competitors in global textile business considering India as one of the top cotton exporting countries.
As a historic all-weather friend, India as a cotton exporting country should be on top of our lists for a win-win situation for both the countries, he said.
The State Minister was addressing the second Bangladesh-India Cotton Fest 2020 at a city hotel.
Prime Minister s Adviser Salman F Rahman spoke as the chief guest. ....

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