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India exported $12258 million worth of cotton textiles in 2023-24, a decline of almost 29 percent when compared to the export figures of 2021-22, States data tabled in the Rajya Sabha during the ongoing winter session.
Compared to the $17166 million worth of exports clocked in 2021-22, the quantum of cotton fabrics and madeups exported from India during 2023-24 fell by 19 percent, while cotton yarn saw a decline of 31 percent the same year, states data provided by Minister of State Pabitra Margherita as part of a written reply provided to a question asked by MP Parimal Nathwani. The exports of raw cotton too declined by 60 percent. However, the exports of other textile yarns and madeups during 2023-24 saw an increase of 12 percent.
From a high of $17166 million in 2021-22, India’s exports had plummeted to $11085 million in 2022-23. Thereafter, the next fiscal the value of exported goods rose by 11 percent. United States, Bangladesh, China, Sri Lanka and UAE are some of the markets where Indian cotton textiles get exported to. Gujarat, which accounts for almost 30 percent of India’s cotton textile exports saw exports dip from a high of $4760 million in 2021-22 to $3615 million in 2023-24.
Cotton production
In cotton production, Gujarat leads major states with the State crossing a production of 90 lakh bales of 170 kilograms each during the period between October-September 2023-24. Between 2021-22 and 2023-24, Gujarat saw a 20 percent rise in cotton production. In comparison, Maharashtra , the second largest cotton producer saw production decline by two percent to 80 lakh bales in 2023-24. Telangana stood a distant third with 51 lakh bales during the October-September 2023-24 period.
In the written reply, the government stated that for boosting exports it is implementing a scheme for Rebate of State and Central Taxes and Levies (RoSCTL) on exports of Apparel/Garments and Made-ups. Further, textiles products not covered under the ROSCTL are covered under Remissions of Duties and Taxes on Exported Products (RoDTEP) along with other products. The ministry is also supporting Export Promotion Councils/Associations in organising a Mega Textile Show i.e. BHARAT TEX 2025 in February, 2025 to showcase the strength of the Indian textiles value chain, highlighting the latest progress/ innovations/ trends in textile & fashion Industry and positioning India as the most preferred destination for sourcing and investment in the textile sector. India has also signed 14 Free Trade Agreements (FTAs) and 6 Preferential Trade Agreements (PTAs) with various trading partners, which would ease access to global markets in the integrated cotton textile value chain.
The government also stated that ICAR-Central Institute for Cotton Research (CICR), Nagpur, under the Ministry of Agriculture & Farmers Welfare, along with AICRP on Cotton, focuses on developing improved cotton varieties and agro-technologies. Over the past decade, 333 cotton varieties have been released, including 191 non-Bt and 142 Bt cotton varieties.
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Published on December 17, 2024
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