Developing Cotton Bank Strategy &Nbsp, Making Textile Industry Free From Price Fluctuations.

He also warned that Bangladesh has replaced India as the second largest in the world.

He said that although he purchased cotton from Gujarat, he had to bear sales tax and freight charges of 2000 rupees / candy (excluding cotton price).

But the same cotton cost to China is only 600 rupees / candy.

This is because there are many containers pporting goods from China to India, and the freight to China is $100 / container, which is almost negligible.

For a domestic buyer like him, the tax and shipping cost per kilogram of cotton is 6 rupees / kg. For Chinese buyers, the cost is only 1.8 rupees / kg, so Chinese buyers get huge price advantage in the raw cotton stage.

He said that the central government should formulate a cotton bank strategy and reserve 1-2 million bales of cotton, which will stabilize domestic market prices when raw materials and prices fluctuate wildly.

He said that India was the largest clothing exporter ten years ago, but it fell to second place a few years ago. Now it has been replaced by Bangladesh, becoming the third place, while Bangladesh needs to import cotton. In one or two years, Vietnam may replace India and become the third largest clothing exporter in the world.

He said the development of competitors was at the expense of India, not because the market was expanding.

He said that although India's industrial capacity may be more

He said, because