ECONOMIC of Indian Cotton Relevance Context Highly relevant

ECONOMIC$ of Indian Cotton

Relevance & Context • Highly relevant but needs to be contextual. • Context is to look at the subject from wider GLOBAL perspective. • Needs to be viewed more PARTICULARLY as not only a South Asia context but PAN Asia context • India is the largest Global producer of cotton followed by China. • 3 Quarters of the total world cotton production is from Asia. • Resultantly cotton textile Industry has been prominent in PAN Asia

Relevance & Context • Asia also adds great capacities of Man Made Fibre. • Asia is the LARGEST consumer market. Therefore the textile industry in Asia becomes relevant and contextual. • Biggest world supplier in clothing and apparel industry are from Asia. The importer are Europe and USA apart from Asia’s own large consumption.

Relevance & Context • Thus, the textile industry in Asia has high global impact. As competitive supplier, tending to specific consumer requirements in all kinds of WEARS MARKET around the globe.

Global Fibre Evolution Basket Analysed: Past, Present and Future

PAST • Different fibres- natural and man made have gone through an evolutionary process, in terms of production and its progressively advancing applications. • All these aspects get intertwined and this results in different costs and different kind of COMPARITIVE & COMPETITIVE ECONOMICS • Civilizational natural and renewable fibre cotton is India’s greatest contribution to clothe civilized world comfortably and conveniently.

PAST • Silk has its roots of evolution with origination in China. It’s spread in various countries of the world including India. • Wool has been a prominent animal fibre virtually in all countries. In Australia and New Zealand it is in large proportion, as the contextual economics justifies.

PAST • Man Made Fibres are of two types: A. Man Made Cellulosic Fibres. B. Man Made Hydrocarbon Fibres. • MMF was invented in England it was commercialized in the United States of America.

PRESENT • Presently, MMF dominate the fibre market especially with POLYESTER and its derivatives. • Silk and wool has remained comparatively laggard. • Cotton has been giving fierce competition to MMF with all the developments in applications and CO$T Economics with an focus on increase of productivity and fibre attributes. • Visionaries in Cotton have tried to improve its economics through application with other fibres in blends giving a bi-component advantage to the product to gain wide spectrum in the applications.

FUTURE • The efforts are on to improve fibre attributes and widen applications of cotton in Technical Textiles. • Revolutionary research and application in cotton of biotechnology and genomics are been done with all the vigour and persistence and new vistas are opening. • It is increasingly realised that cotton is a renewable resource and is increasingly becoming environment friendly, capable of great new applications eg: Cotton Incorporated in USA are implementing a number of fibre engineering method to utilize and proliferate new and novel evolving products and wears of different kind.

FUTURE • It has been found to take up a number of medical requirements. • Germany for example is utilizing cotton by-products in composites and all these are improving the economics of Cotton. • It is increasingly realized that cotton is capable of double fold expansion: The forward integration. The backward integration • Cotton has huge economics, it requires ingesting the facets of cotton virtuosity. Eg: CIRCOT is doing a commendable job but the industry is unaware, indifferent and negligent.

Cotton in India: Developments in colonial and Post Independence

Cotton in India: Developments in colonial and Post Independence • Cotton in India was resurrected and vitalized by the British to support their Industry in Lancashire which was totally dependent on American Cotton and America Stopped the Cotton Supply to them. • Cotton was given all the impetus, incentivised and subsidized to grow all over India and satisfy the need of the PROSPERING TEXTILE INDUSTRY in ENGLAND

Cotton in India: Developments in colonial and Post Independence • Situation got altered when Japan also entered the arena of competition. India became the biggest exporter of Cotton and even China which was growing in the textile industry but did not have cotton. • The industrialization of India was concurrent with the development of Cotton and textile industry. • Pandit Jawaharlal Nehru made a profound statement that “HISTORY OF COTTON IS THE HISTORY OF INDIA”

Cotton in India: Developments in colonial and Post Independence • After partition we had a dislocation and pause in the development as the important cotton growing areas went to Pakistan. • Salute to our scientist, our farmers, our Government that the cotton was given full force impetus and once again cotton regained its position. • India has now achieved a distinction of being the highest producer of cotton, all varieties, all the year round in cotton with advanced hi-tech hybrid varieties in cotton.

Present Status of Cotton Industry and Future Portend

Present Status of Cotton Industry and Future Portend • Our cotton industry has been limping since sometime despite India being the highest producer of cotton. • We need to reorient our policy, needs, our qualities, DE novo to remain relevant and contextual, also carry forward the sustainability of cotton and its advantages with vitality and vigour. • The Future portents and recent studies show that India can have extraordinary and superb advantage of cotton through innovations and integrations in the supply chain and abandon our standalone practices, the myopic and sectorial attitudes, think broader and larger.

Economic Strength of Indian Cotton

Economic Strength of Indian Cotton • The economic strength of Indian Cotton lies in its competitive availability in terms of: A. Aggregate quantity to support our industry as well as exports. B. The cost of our cotton farming is lowest in the world. C. We have the largest spectrum of varieties to produce 2 counts figures to 140 counts. D. We have extraordinary research facilities to Engineer and Develop unique varieties of Cotton. Actually our Suvin cotton is proved better than Egyptian Giza 45.

Economic Strength of Indian Cotton • We have cotton farming done in 10 states of the country. • This can dissolve poverty, provide jobs, income and welfare to the farmer and prosperity to the nation. • The textile Industry of India with a very strong fibre base of natural cotton can immensely benefit the country. The cotton industry including farming is today also the second highest job provider after agriculture to the nation. • We need to multiply, add and ameliorate the multiple advantages of renewable resource of cotton.

Economic Strength of Indian Cotton • We should not forget that each component of cotton is KAMDHENU and has vastness of opportunities to be sized and ceased.

How Indian Cotton can serve South Asia engagingly – conferring benefits to its adjacent markets i. e. South Asia

How Indian Cotton can serve South Asia engagingly • India has a TREMENDOUS economic advantage of cotton multiplied by favourable logistics in Asia. Indian goods can reach China within 10 days • India has capacity to produce more that 50 million bales of cotton in a cost effective manner. • Today Bangladesh imports the cotton at a very high price from some countries, India can supply their total needs very competitively. • Indonesia and Thailand can gain advantage from Indian Cotton. • Even MONOLITH CHINA who has started vacating cotton production could look towards India for their cotton requirements.

Conclusions

Conclusions • We need to realize the PENTUP economic and social force of cotton in India. • The Extra ordinary capabilities of Indian scientist have produced some very coveted varieties like MCU 5 and are untiringly working to make our country PRIMADONNA cotton supplier to the globe. • Even the big cotton producing country like Pakistan has to compulsorily use the coveted varieties of INDIAN COTTON. • I appeal to our policy makers and scientists to add some more attributes to our cotton and make our cotton contamination free.

Conclusions

Conclusions It is not an exaggeration but capable of realization that ONE BALE OF COTTON CREATES 5 JOBS and spell prosperity to our nation. JAI HIND