Home Fashion And Life Style INDIA, A MAJOR TEAMPLAYER IN COTTON EXPORTS

INDIA, A MAJOR TEAMPLAYER IN COTTON EXPORTS

by Altaf Shaikh
INDIA, A MAJOR TEAMPLAYER IN COTTON EXPORTS

Cotton can be used in multitude formats. As textiles, cotton seed and raw cotton. In textiles it can be used in spinning beautiful sarees. You can also buy cotton sarees online. For a long time now, India has been proficient at exporting cotton. It is one of the leading players. The employment generated rallies to about 15 million people. To honor their endeavours we can now buy cotton sarees online.

Existing textile mills in India are numbered at 1,719. The leading states excelling at this point are Maharashtra, Gujarat, Madhya Pradesh and Andhra Pradesh.

Exporting cotton is a lucrative domain because 64% of it is used in textile manufacturing, 28% for home furnishings and 8% for industrial use. Cotton seed is used to feed animals and cottonseed oil is an edible component.

We export the largest quantities to the United States followed by China, UAE and Hong Kong.

All in all this is the pinnacle of cotton usage and exportation.

USES OF COTTON

The texture of cotton promotes a myriad of uses. Some are mentioned below:

1)  It is used as threads for both domestic and industrial uses.

2) Sewn into textiles.

3) Making essential tools like fishnets, bookbinding and coffee filters.

4) Using cotton pads for removing make up.

5) Production of cosmetics and soaps.

6) Due to its high absorption qualities it is highly used in the health department.

7) Making facial masks

8) Making furniture.

DEARTH OF COTTON WITHIN COUNTRY BORDERS

The years on 2009-11 saw a shortage of cotton within India. Because of the lack of policies in the export land by the government, things became haywire. Unregulated exports led to a dearth of cotton and shoot up in prices.

However, the government implemented measures like institution-trust-me-for-the-first-time. Underneath this, all cotton exporters would seek registration. They also shoved cotton in the Restricted list and withdrew the export subsidy. They controlled the gigantic inflation caused with these measures.

AGGRAVATED DEMAND IN THE LOCKDOWN

The lockdown has created an extensive demand in cotton at lowered prices. According to the Cotton Association of India, export rates have touched 65 million bales. This is a vivid number in contrast with 50 million bales last year.

The growth is a consequence of the rising need of cotton for masks and surgical gowns. With growing demands and low prices, foreign sales are now viable.

Big farmers are accumulating this reserve to be sold later at higher prices, as supervised by the Ministry of Sales. But, they have decided to offload this result to increase demand and drive down prices, hence benefiting farmers.

A former report suggested that the Maharashtra farmers were struggling to sell their harvest and were disposing it off at cheaper prices. The high demand saved the day.

MAKING EXPORTS MORE FEASIBLE

The Indian textile industry makes up for about 5% of the Gross Domestic Product.  It is also the second largest employer after agriculture. Hence the government needs to come up with lucrative suggestions to further boost exports.

1)  The Cotton Textile Export Promotion Council leaves no stone unturned in promoting and advertising Indian products.

2) Interest Equalisation Scheme entails pre and post shipment credit and provides relief from the alarming competition.

3) Merchandise Exports from India Scheme (MEIS) – Commenced in 2015 as an initiative to boost foreign exports. This will be achieved by countering infrastructural insufficiencies.

4) Market Access Initiative – Commenced in 2018, this initiative tends to promote indegenous exports with means of exploring new markets. They also research the market, capacity building, branding and marketing.

5) Market Development Assistance – As the name suggests it aids international exports by hosting exhibits, trade delegations and publicity.

The census is informative on how the government is taking remunerative steps towards maximising the country’s income.

ISSUES THAT NEED TACKLING

The illegal sale of herbicide cotton seeds has popularised in Telangana. Their movement has not been permitted but is being sold in high numbers. The Union minister of agriculture has seized heavy quantities.

CONCLUSION

Our country therefore is a paramount exporter and shall remain so if all goes as planned. By appointing various schemes,quick damage control has been done. There have been certain fallacies made by both the authorities and the farmers. But they have gracefully been overcome by effective implementation. The timely dip is always an encouragement to come back stronger than before and stand our firm ground. What would’ve seemed like an impossible goal at one point has become second nature now.

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