L’ITC facilite les partenariats entre l’Inde et l’Afrique pour l’exportation du coton (en)
Indian spinners and African ginners are exploring new trade partnerships in an effort to export more cotton out of Africa, following a recent ITC conference about the mutual benefits of Asia-Africa cooperation.
More than 1,000 people attended a two-day conference in India last month aimed at addressing challenges facing the Indian cotton industry. The discussion resulted in several Indian spinning mills showing interest in importing African cotton. There was particular interest in exporting cotton from Eastern and Southern Africa, where the opposite cotton-growing and harvesting season of India opens up expanded business opportunities.
Representatives of several Indian spinning mills are exploring the possibility of visiting ginning factories in Eastern and Southern Africa this summer to start engaging in further discussions about partnerships.
Cotton produced in Africa is mainly exported to Asia, where almost 80% of the world’s cotton fibre is processed into yarn. The sector provides income for millions of people in Africa, especially those living in rural areas, and is an important source of foreign exchange earnings. ITC’s efforts in this sector are aimed at boosting Africa’s competitiveness and establishing stronger links with cotton importers in Asia.
For more information, visit the ITC Cotton page here.