India Textile Minister Said India Textile Industry Has Become A Sunrise Industry.

Gujarat India will build 7 textile parks, attracting 30 billion 500 million rupees and creating 98000 jobs.

India's federal textile minister Shri Shankersinh Vaghela said the biggest achievement of the government was to pform India's textile industry from the sunset industry into a sunrise industry.

He said that in the past three years, the rationalization of fiscal and taxation has played a leveraging role, and the textile industry has made historic progress.

In the past 4 years, the investment in textile industry has soared, and the investment in 2004-08 has reached 1 trillion and 45 billion 60 million rupees. By 2012, it is expected to reach 105060 rupees.

By 2012, these investment growth will create 17 million 370 thousand jobs.

He said cotton is the main raw material of the textile industry.

In 2000, the government set up a technical task force on cotton and introduced BT cotton seed in 2002. Because of the government's key support in recent years, the situation of cotton production has been greatly improved.

2007-08 output reached 31 million 150 thousand packs, and this year's output is expected to reach a record high of 32 million 200 thousand bags.

The quality of cotton in India has been greatly improved, and this year's yield will reach 591 kilograms per hectare.

India is the second largest cotton producing country, exporter and cotton consuming country in the world.

The competitiveness of cotton in India is also reflected in the proportion of fiber consumption, and the proportion of cotton in fiber consumption is 60%.

The proportion of cotton in textile and clothing exports is more than 75%.

Through the India Cotton Corp, the government raised the minimum supporting price to ensure the minimum rate of return for farmers.

In order to help stabilize the cotton production and provide assistance to farmers, taking into account the interests of the textile industry, the minimum supporting price of cotton in 2008-09 increased substantially.

The minimum supporting price of medium length fiber cotton 24.5 mm-25.5 mm increased by 39% to 2500 rupees per share, compared to 2007-08 1750 to 1800 rupees per year.

The minimum supporting price of 29.5 mm-30.5 mm of long staple cotton increased to 3000 rupees per hour, compared to 2250 rupees in 2007-08.

The increase of raw cotton imports has an impact on cotton prices.

From the end of October 2007 to July 2008, cotton prices increased by 20%-40% over last year.

Cotton prices in 2007-07 increased by about 4%-17% compared with the previous year.

In order to cater for the long-term needs of the textile industry, the government has abolished import tariffs of 14.7%, which will help stabilize cotton prices.

In 2007-08, India's textile and apparel exports amounted to US $21 billion 460 million, an increase of 12.10% according to us dollar.

In 2008-09, the export of textile and clothing will increase by at least 15% compared with 2007-08.

India textile and garment export has formed a diversified pattern.

(Jia Xiao)