Australian firm plans weaving clusters in Gujarat, Manipur

In a bid to raise imports of the premium Merino wool from Down Under, Australia's The Woolmark Company is planning to tap handloom weaving clusters in Gujarat and Manipur. The Woolmark Company, which represents 55,000 wool growers in Australia, hopes to raise imports of Merino wool in India on the back of varied textile products. “About 85 per cent of Indian wool is that of carpet grade, with 10 per cent being coarse grade and only five per cent apparel grade. The textile and apparel industry imports bulk of its wool from Australia. Yet, as against China’s 80 per cent share, India has merely five per cent share in Australia's Merino wool exports. Going forward, however, we wish to imbibe the premium Merino wool in India's handloom sector through such clusters,” said Arti Gudal, country manager, The Woolmark Company. Australia is expected to produce 300 million kg of wool in 2017-18, which comes to about 90 per cent of the global wool market. While most of the worsted suiting and knitwear industry in India uses Australia’s premium Merino wool, The Woolmark Company anticipates a scope for a bigger market here. Against a total demand of 148 million kg of wool across the textile value chain, India produces only 48 million of domestic wool and imports 17 million kg of wool, worth $165 million, said Aditi Rout, trade advisor wool, Ministry of Textiles. Astrology and Numerology Trading Tips