Data by The Cotton Textiles Export Promotion Council (TEXPROCIL) reveals, India’s textile exports to China declined by 74 per cent to touch $90 million during the April-June quarter this year. China’s share in India’s total exports of cotton textile products also halved to 6.9 per cent during the quarter as against 14 per cent in the corresponding quarter last fiscal.
This decline is a result of reciprocal measures carried out by Indian and Chinese governments such as detailed shipment inspections at ports, delaying clearing of goods, thereby also contributing to decline in exports, says KV Srinivasan, Managing Director, Premier Mills. Substitution of textile imports from China as well as contemplation of anti-dumping duties on certain Chinese products may further impact these imports, he said.
Overall, India’s cotton textile exports during the first quarter declined by 47 per cent to $1.29 billion against $2.42 billion in the same quarter last year. One of the main reasons for the decline was supply chain disruptions. Delays in documentation, especially Certificates of Origin in countries like China, Vietnam, Thailand and Malaysia also delayed deliveries, hitting exports, said Siddhartha Rajagopal, Executive Director, TEXPROCIL.