The Indian government has adjusted the export policy, and it is difficult for India to export business to China?
Author:Global Times Time:2022.09.07
[Global Times reporter Ma Mengyang] India, a global exporter of hair exports, is said to have recently had disputes with Chinese merchants. India's "Economic Times" reported on the 5th that Indian hair exporters claimed that nearly 3 billion rupees (about 260 million yuan) were currently failed from Chinese buyers. According to Sonier Emanini, a member of the Indian -owner, hair product manufacturer and exporter association, many exporters export their hair to China without a letter of credit.
Data Map
According to data from market research company Export Genius, in 2021, China imported $ 625 million in hair from India. China accounts for 80%of Indian hair exports, and is the main exporter of hair from India. The Economic Times stated that India mainly collects two types of hair -Shunfa and Fei Shunfa. Shunfa is mainly collected from the Indian temples. Pilgrims will donate their hair as part of the religious behavior. Fei Shunfa is a kind of family waste, which is generally collected from a small number of people in the countryside or cities. People will separate these hair and sell them to dealers. In comparison, the quality of Shunfa is more quality and is mostly used to make wigs. It is understood that dark Indian hair has always been welcomed by fashion people around the world. According to Emani, the Indian hair export market is about $ 1.5 billion. Among them, China imported from India.
Since the beginning of this year, Indian hair exports have been stricter. According to the Hindu Times, starting from January 25 this year, the Indian government has adjusted its hair export policy from freely to restrictions. Exporters must apply to the official and get relevant international trade after obtaining the license. The report also said that India's labor -intensive industry is currently competing from China, Cambodia, Myanmar, Vietnam and other countries.
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