Sanjay K Jain, executive director of TT, delivers his report INDIAN COTTON YARN Demand & Supply Dynamics

India is an important textile country in the world and the largest exporter of cotton yarn in the world. Today, Sanjay K Jain, former president of India Textile Industry Federation and executive director of Indian TT Company, is to share his report INDIAN COTTON YARN Demand & Supply Dynamics.

In the first part, Mr. Sanjay K Jain mainly talks about the spinning industry in India. 

India is the second largest yarn producer in the world, with a total capacity of 52 million spindles. India can produce 5.5 million tons of yarn annually, 75 per cent of which is pure cotton. Indian yarns are mainly medium and low count yarns. The main production base is in southern India, accounting for 42% of the total output. Most of the yarns meet domestic demand, and a small amount of yarns are used for export. Bangladesh and China are the main export destinations of Indian cotton yarn. 

In the second part, Mr. Sanjay K Jain mainly talks about the import and export market pattern of world cotton yarn and the competitive advantage of Indian cotton yarn. India is the largest exporter of cotton yarn and has many advantages: India acquires a very strong spinning machine support, has the largest cotton planting area in the world, more than 25% of the cotton yarn surplus for export, and is the world's largest raw cotton producer. It is one of the countries with the lowest cotton productivity, and there is huge room for cotton production growth. At present, India is the most competitive country with 20-50 cotton yarns. India should make different strategies for different types of consumer markets, such as import-based, price-sensitive, demand greater than supply, and switching markets. In the face of competitors like Pakistan, Indonesia, Vietnam, Uzbekistan and the United States, this paper analyzes the advantages and disadvantages of other countries and concludes that India has obvious advantages in cotton and spinning efficiency. 

In the third part, Mr. Sanjay K Jain mainly answered the questions of cotton yarn's dynamic price, influencing factors and future prospects. 

In the final question session, Mr. Sanjay K Jain answered about the measures taken by Indian textile enterprises to deal with high cotton prices, the response to the transfer of orders to India under Xinjiang cotton sanctions, and the per unit yield of Indian cotton in the new year.