29th April 2025 (12 Topics)

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Bangladesh’s ban on Yarn

Context

Recently, Bangladesh closed its land ports for Indian yarn imports, restricting yarn imports to sea routes only.

Key-highlights

India is a major exporter of cotton yarn, especially to countries like Bangladesh and China.
Bangladesh is India's largest buyer of yarn, accounting for about 45% of India's yarn exports.
- Bangladesh has been the fastest growing market for India’s cotton yarn with its exports growing at a Compound Annual Growth Rate (CAGR) of 25% during the last five years.
Until now, about 30% of India's yarn exports to Bangladesh were transported through land ports (Benapole, Bhomra, Sonamasjid, Banglabandha, and Burimari land ports). Land transport was a faster and cheaper method compared to sea transport.
Textile will now have to export through the Mundra, Thoothukudi, or Nhava Sheva ports and it will lead to higher costs.

Fact Box: India's Textile Industry

The textile and apparel industry contributes 2.3% to GDP, 13% to industrial production, and 12% to exports.
India exported textile items worth USD 34.4 billion in 2023-24, with apparel constituting 42% of the export basket, followed by raw materials/semi-finished materials at 34% and finished non-apparel goods at 30%.
- India primarily exports cotton to Bangladesh, China, Vietnam, Indonesia, Taiwan, Thailand, and other countries, with Bangladesh and China being the largest importers of Indian cotton, according to a 2024 Ministry of Textiles report.
It is also the second largest employment generators, after agriculture, with over 45 million people employed directly, including many women and the rural population.
The Indian textile market currently ranks fifth globally, and the government is actively working to accelerate this growth to a rate of 15-20% over the next five years.
Key-Schemes/Initiatives
- Production Linked Incentive (PLI) Scheme for Textiles
- PM MITRA (Mega Integrated Textile Region and Apparel) Parks
- Amended Technology Upgradation Fund Scheme (ATUFS)
- Samarth (Scheme for Capacity Building in Textile Sector)
- Textile Cluster Development Scheme (TCDS)
- National Technical Textiles Mission (NTTM)

Yarn

Yarn is a long continuous strand made from cotton, synthetic fibres, or blends.
It is the raw material used to make fabric and textiles.
India exports two main types of yarn:
- Cotton yarn
- Man-Made Fibre (MMF) yarn

PYQ

Q. Consider the following statements: (2020)

The value of Indo-Sri Lanka trade has consistently increased in the last decade.
“Textile and textile articles” constitute an important item of trade between India and Bangladesh.
In the last five years, Nepal has been the largest trading partner of India in South Asia.

Which of the statements given above is/are correct?

1 and 2 only
2 only
3 only
1, 2 and 3

Solution: (b)

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GS Analyst: Daily Current Affairs

Bangladesh’s ban on Yarn

Key-highlights

Fact Box: India's Textile Industry

Yarn

PYQ