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Sino-Indian textile cooperation: A win-win situation
28
May '13
Mr. Li Keqiang during India visit/Reuters
Mr. Li Keqiang during India visit/Reuters
During his recent visit to India, Chinese Premier Li Keqiang gave a call for Sino-Indian business communities to increase cooperation for the benefit of the peoples of the two countries by focusing on complementary advantages.
 
As both China and India are developing countries with huge population, textiles and clothing trade would inevitably become an important area for deepening cooperation between Sino-Indian business circles. 
 
India is the world’s third largest cotton-producing country, after China and the United States, and it has a strong textile industry that can complement and collaborate with China, the world’s largest cotton consumer.
 
The textile industry is the largest labour employing industry in India. Moreover, India is the world’s third largest yarn producing country, and the fifth-largest synthetic fibre producing country.
 
It is also the world’s largest jute-producing country, and the second largest raw silk producing country. India’s traditional textile and apparel designs have demand both at home and abroad.
 
However, man-made fibre production began late in India, and its production cost competitiveness is not strong. In other words, the cost of production of chemical fibre fabrics in India is far higher than that in China.
 
At present, there is demand for polyester apparels in India. In addition, the per capita consumption of fibre in India is only 20 percent of global average. So, there is still great scope for growth in consumption of everyday textiles and industrial textiles in India.
 
Thus, over the next 10-15 years, Sino-Indian textile enterprises are expected to collaborate for a win-win situation for both of them.
 

Fibre2fashion News Desk - China


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