Ludhiana, June 21, 2024 (News Team): A Cotton Council International (CCI)-led media round table today promoted strategic India-U.S. textile trade partnerships and highlighted U.S. cotton as the preferred choice of imported cotton for Indian spinners. Tomorrow, June 19, a three-part “COTTON USAÔ: Weaving Threads of Unity between the U.S. Cotton and Indian Textile Industry” event in New Delhi will explore this partnership in more depth.
“India's textile industry is projected to grow to 350 billion by 2025, and as India is a key market for U.S. cotton, there is substantial opportunity to expand our cooperation,”CCI Executive Director Bruce Atherley said. “Our discussions today emphasized the strategic importance of this partnership in driving sustainable practices and economic growth in both countries.”
To further this agenda at its COTTON USAÔ event tomorrow, CCI will meet with U.S. Embassy personnel then join five top Indian textile manufacturers, the U.S. Cotton Trust Protocolâ, Supima and other global cotton textile supply chain luminaries to discuss topics of mutual interest and chart a path of cooperation moving forward. The event will also feature a high-level panel discussion on “Celebrating Women's Influence in the Fashion and Textile Industry.”
While India has picked up the pace in textile exports, registering a growth of 6.91% year-on-year in March, its ambitious target of $100 billion in textile exports by 2030 will require collaborative action and robust international trade pathways. The discussions today highlighted opportunities for synergy between U.S. cotton and Indian stakeholders and charted a roadmap for an efficient and profitable partnership between the U.S. and India that empowers Indian spinners, textile mills and manufacturers to achieve these goals.
India’s impressive textile manufacturing ecosystem is energized with expansion opportunities, and we at Supima are excited about the partnership prospects that can arise out of this growing industry,”Supima President and CEO Marc Lewkowitz said. “The increasing demand for premium quality verifiable SUPIMA® cotton highlights the need for scaling production to meet global needs.”
Peush Narang, CCI’s program representative in India and Sri Lanka, added, “Our valuable partnership with the Indian textile industry will propel both industries; by using U.S. cotton, Indian textile manufacturers can not only meet global quality standards but also enhance their competitive edge in the international market. Indian textile manufacturers are using high quality U.S. cotton fiber to create beautiful garments. And by using U.S. cotton, they also receive benefits of the entire COTTON USAÔ experience—including full traceability of the supply chain, the unique COTTON USA SOLUTIONS âtechnical servicing program, and a package of services, data and intelligence—which no other cotton can provide.”