Business Standard

Spreading textile hubs

Govt must focus on downturn in cotton production

Spreading textile hubs
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India, according to some experts, annually exports around 120,000 tonnes of organic cotton

Business Standard Editorial Comment Mumbai
The Central government’s reported plan to create 75 Tiruppur-like textile hubs in the country reflects over-ambition as it has come at a time when the survival of even the existing cotton-based industry is at stake due to high prices and shortage of the basic raw material. Cotton prices are ruling at an 11-year high, rising by nearly 30 per cent in the past year alone, due to virtual stagnation in production and bourgeoning domestic and export demand. Nearly 10 per cent of the spinning units in the South, including many in Tiruppur, have shut down and most factories elsewhere are

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First Published: Jun 28 2022 | 11:30 PM IST

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