Emergence of Indian Cotton & Textiles as a major

Transcript:Emergence of Indian Cotton & Textiles as a major:
Emergence of Indian Cotton & Textiles as a major global supplier post-COVID-era Presentation by Mr Vinay Kotak Cotton Association of India October 21:3rd Session - Fiber Session - Cotton Moderator: Andrew Macdonald, Amcon, Brazil 1 India's development in mask and PPE suites and other infection resistant cloth. With ramped up production of PPE kits, India has become a producer for PPE kits now from being a net importer in pre-Covid19 period. Before the Coronavirus pandemic, India used to import the majority of PPE kits from outside but the virus outbreak coupled with demand in PPE kits pushed the country to manufacture indigenously. As a result, the country has become the second largest producer of PPE Kits globally with a daily production of more than half a million PPE kits. Some of the Indian manufacturers quickly undertook substantial R&D and are producing innovative infection resistant fabrics for hospital textiles. PPE kits consumption in Indian domestic market for the period April – September 2020 was approx 18 Mn Kgs. Stringent quality control and mandatory testing is put in place by the Ministry of Textiles, Govt of India. 2 India is poised to increase share in world trade in textile value chain Even though the present pandemic situation has resulted in contraction of business activities, consumption across all products and services as well as GDP of every country in the world, there are certain opportunities also arise, particularly in textile and clothing sector. Indian manufactures are also keenly looking at “product diversification” as well as “market diversification” to increase export turnover in short, medium and long term. In short term, some of the strategies adopted are to increase supply of protective clothing to fight against Covid19 by increasing production of all types of masks, including medical & non-medical fashion masks and PPE / coveralls. In medium term, focus is more on addressing the weak links in the textile value chain in India by encouraging capacity building / investments to increase manufacturing capacities in weaving, knitting and processing sectors so as to plug the imbalance in manufacturing capabilities in the entire value chain , which will lead to self reliant and decrease import dependency of certain textile products. In long term, substantially increase manufacturing and export of value added textile and clothing as well as high tech technical textile products. 3 Recent developments in technical textiles in India This sunrise sector will be a