The Indian textile industry expects India’s exports of man-made fibre (MMF) textiles to increase by 75% to reach US$ 11.4 billion in 2030, up from approximately US$ 6.5 billion in 2021-22. This growth is attributed to the Production Linked Incentive (PLI) scheme and Free Trade Agreements
As per U.S. Department of Agriculture (USDA), in 2022-23, Indonesia’s cotton consumption is projected at the lowest level in over 30 years at 1.6 million bales, down 1.0 million from the previous year. This projected level is lower than the COVID-19 period and nearly 2.0 million below the record witnessed 5 years ago. Plunging yarn […]