Smriti Irani blames US-China trade war for cotton industry slowdown
Updated : November 10, 2019 08:57 PM IST
Accepting the slowdown in the Indian cotton yarn industry, the Union textiles minister Smriti Irani on Sunday blamed the US-China trade war for the situation, as she assured the stakeholders of finding a solution to the problem.
"We are aware that the cotton yarn industry has taken quite a hit after the US-China trade war," Irani said while addressing the audience at the Indian Cotton Conference 2019.
Since mid-2018, the US and China have been locked in a trade confrontation that has resulted in several rounds of retaliatory tariffs.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more