The Cotton Textiles Export Promotion Council (Texprocil) – has recommended some initiatives to the Modi Government to increase India’s footprint in the global market to get the benefit of increased employment opportunities for the rural masses particularly the underprivileged and unskilled labour in the agriculture sector.
Texprocil has a membership of around 3,500 companies spread across major textile clusters in India. Its members are well established manufacturers and exporters of cotton textile products like Cotton, Yarns, Fabrics and Home Textiles, showcasing a dazzling array of products across the value chain.Since its inception in 1954, as an autonomous, nonprofit body dedicated to promotion of exports, The Cotton Textiles Export Promotion Council, popularly known as TEXPROCIL™ has been the international face of cotton textiles from India facilitating exports worldwide. The Council connects international buyers with appropriate suppliers and facilitates interaction that enables them to source their specific needs. It also provides information on India’s competitive advantages, its export environment and updated position in the global market.
The Council enables better understanding of Indian and International trade policies, emerging trade issues, social and environmental compliances, quality management and sustainable business practices.
Export data for fiscal year 2013-14
Cotton Yarn – US$ 4.5 billion
Cotton Fabric – US$ 2.13 billion
Cotton Home textiles – US$ 4.79 bn
Indian Yarn and Made-up exports were impacted due to :
- Indian cotton prices remained higher than International Cotton prices since February. With cotton prices higher than international prices – 70 % of its sale value of yarn is Cotton cost – it is extremely difficult even for the highly efficient spinning sector to export its products.
- Home textiles exports got impacted as our main competitor (Pakistan) in our main market (EU) gained zero duty access, against 9.6% customs duty for products from India.
- Fabric exports has seen a small increase on a small base due to improved penetration into markets where India enjoys duty free access.
Texprocil’s recommendations to ensure growth in our exports as targeted US$ 13.5 billion :