India’s Cotton Demand Expected to be around 26 Million Bales
India’s cotton demand is expected to stand around 26 million bales of 170 kilograms each in 2009-10, said Textile Minister Dayanidhi Maran on Wednesday.
Egytex News Desk
Source: www.commodityonline.com
Indian Textiles sector recorded significant recovery in spite of the global financial crisis, inflationary trends and volatility in commodity prices, which led to build up of strong demand side pressures, he said.
Country’s cotton output in the current crop year ending September 30 is forecasted to touch 29.2 million bales, slightly up from the 29 million bales in the previous year.
The Ministry of Textiles initiated policies for faster and inclusive growth and participatory development.
The objective was to maintain the incipient export growth momentum, increasing production and productivity in cotton and cotton yarn, enhancing value addition in garment and apparel sectors, promoting rich heritage of handlooms and handicrafts, institutional strengthening in jute sector, and enhanced acreages under mulberry production and safeguarding employment opportunities.
Source: www.commodityonline.com
From the Egytex news archive, first published on 10 June 2010. Figures and names are as reported at the time.
