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Textile sector needs to work hard for sizable share post Ind-Aus ECTA

India exported apparel worth $***.*** million and home textiles worth $***.*** million to Australia in the first ten months of ****. On the other hand, India imported cotton (HS Code ****) worth $***.*** million from Australia, bringing the total trade to $*** million for the period under review. The total trade is unlikely to cross the $* billion mark for ****. In ****, India exported apparel worth $***.*** million and home textiles worth $***.*** million to Australia, while cotton imports amounted to $**.*** million in the same period, according to Fibre2Fashion’s market insight tool TexPro. 

Australia was the second largest supplier of cotton to India with **.** per cent share in the latter’s total imports of $*,***.*** million during January-October ****. Cotton imports from Australia remained volatile in the previous years because of price dynamics. The cotton imports were at merely $*.*** million in **** and $**.*** million in ****, as per TexPro.