Though India has emerged as major cotton exporter since the past two years, the trend may not sustain for a long period due to the rising local consumption. | |
| "India may not have enough cotton to export in the next 10 years," said J N Singh, textile commissioner, ministry of textiles. |
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| Last year, the country exported a record 5 million bales of cotton. Industry experts said the figures would be surpassed this year. However, domestic demand will tighten its grip over the exports and country will follow the China's way by importing cotton. |
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| In 2005-06, the country had an end-stock of 72 lakh bales which is expected to come down to 45 lakh bales this year. |
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| Interestingly, indications of a declining export trend have come at a time when the domestic cotton players are pitching for branding their products in the global market. |
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| "Every year, cotton export may get slightly reduced till the country starts importing. Like China, India, too, is on the path of becoming a net importer," added Singh. |
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| Sudripto Roy, joint secretary, ministry of textiles, said the domestic players were heading for more value additions. Consequently, the local consumption is on the rise. |
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| K F Jhunjhunwala, president, East Indian Cotton Association, had said that domestic consumption of cotton would soon reach 225 lakh bales. In 2006-07, India has produced around 270 lakh bales of cotton which stood at 245 lakh bales last year. |
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