India export cotton fabric and items to which country ?essay
Answers
Answer:
Cotton plays an important role in the Indian economy as the country's textiles industry is predominantly cotton based. India is one of the largest producers as well as exporters of cotton yarn. The Indian textiles industry contributes around 5 per cent to country’s gross domestic product (GDP), 14 per cent to industrial production and 11 per cent to total export earnings. The industry is also the second-largest employer in the country after agriculture, providing employment to over 51 million people directly and 68 million people indirectly, including unskilled women. The textiles industry is also expected to reach US$ 223 billion by 2021.
Gujarat, Maharashtra, Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh, Haryana, Rajasthan, and Punjab are the major cotton producers in India.
Key Markets and Export Destinations
Cotton yarn and fabrics export account for about 23 per cent of India’s total textiles and apparel export.
In 2019-20*, India’s cotton production was 36.04 million bales of 170 kgs each.
During 2019-20, export of cotton yarn, cotton fabrics, cotton made-ups and handloom products reached US$ US$ 10.01 billion.
Various reputed foreign retailers and brands like Carrefour, Gap, H&M, JC Penney, Levi Strauss, Macy's, Marks & Spencer, Metro Group, Nike, Reebok, Tommy Hilfiger and Walmart import Indian textile products.
Cotton Textile Export Promotion Council
The Cotton Textile Export Promotion Council (TEXPROCIL) takes part in national and international events to enhance the visibility of Indian products, advertise and promote Indian products in various media vehicles such as fashion magazines, event-related pull-outs, India reports and leading trade magazines, and organise buyer-seller meets (BSM) and trade delegation visits
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