Ministry of Textiles

Impact of Covid-19 on Cotton Industry

Posted On: 19 MAR 2021 4:05PM by PIB Delhi

Ministry of Textileshas undertaken special measures in COVID crisis to support liquidity flow to the textile industry including cotton textile sector by introducing an option to release part subsidy against Bank Guarantee (BG) in facilitating the subsidy release process. Total 400 units are supported with Rs 100.36 crore under Amended Technology Upgradation Fund Scheme (ATUFS) and 20 units with Rs.42.52 crore under RR-TUFS. The estimated month wise production of cotton yarn for the year 2020-21 (Apr –Jan 2021) is given in Annexure.

The average domestic price of cotton is cheaper by around 14% during the current cotton season as compared to the International cotton price. India is one of the largest exporters of cotton in the World. China, Vietnam, Bangladesh are not cotton exporting countries, but cotton importing countries.

 

In order to work out annual sourcing plan under “Fabric forward Policy initiatives, India, Bangladesh Textile Industry Forum ( IBTIF) has been institutionalized.

 

This information was given in a written reply by the Union Minister of Textiles, Smt. SmritiZubinIrani in LokSabha today.

 

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BY/TFK

 

 

Annexure

Monthwise estimated production of Cotton Yarn(Provisional)

(April 2020 to January 2021) 

                                                                          (Figures in million)

Month

Production (in Million Kg)

April 2020

229.60

May 2020

251.41

June 2020

280.57

July  2020

285.08

August 2020

290.94

September 2020

313.73

October 2020

337.63

November 2020

316.79

December 2020

321.09

January 2021

318.42

 

 

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