Indian cotton industry faces double trouble

India's cotton spinning industry is tough times. Already struggling with sluggish global demand, it now faces a new challenge: the political unrest in Bangladesh, its largest export market after China.

The uncertainty around shipments and future orders to Bangladesh has sent shockwaves through the industry. With spinning units already grappling with losses due to weak European and Middle East markets, the Bangladesh crisis is a major setback. India exported $2.4 billion worth of raw cotton and cotton yarn to Bangladesh in the last fiscal year, accounting for 34.9 per cent of its total cotton exports.

Industry leaders are closely monitoring the situation, engaging with government officials and port authorities to navigate the crisis. While the next government in Bangladesh is expected to prioritize the textile sector, the immediate future remains clouded. With hundreds of containers of cotton yarn exported to Bangladesh monthly, the industry fears a significant impact on business in the coming months