India’s commerce and textile minister Piyush hopes that the bilateral trade agreement will give a big boost to several sectors, including textiles.

Australia supplied textiles including cotton worth $330.245 million in January-September 2022. Cotton (HS Code 52) shipment was valued at $221.680 in the same period which was 67.13 per cent of the total. Wool, horsehair yarn and woven (HS Code 51) import was $106.439 million (32.23 per cent), according to Fibre2Fashion’s market insight tool TexPro.

During the same period, Australia imported apparel worth $242.995 million from India. The import of dresses was valued at $48.762 million (20.07 per cent), T-shirts $44.726 million (18.41per cent), shirts $38.844 million (15.99 per cent), trousers & shorts $30.308 million (12.47 per cent), and baby wear $19.707 million (8.11 per cent), as per TexPro.

Australia had imported apparel worth $284.756 million in 2021, $203.664 million in 2020, $235.399 million in 2019 and $203.047 million in 2018. The developed country’s supply of cotton to India stood at $153.677 million in 2021, $69.588 million in 2020, $154.858 million in 2019 and $252.897 million in 2018.

Fibre2Fashion News Desk (KUL)