Encyclopedia of India–China Cultural Contacts v1.c5.s3.t2.3

v1.c5.s3.t2.3

From an average of just 2,000 bales of cotton yarn per year in the period 1875-79, by 1895-99 the Chinese market imported an average of 452,000 bales of yarn from India per year. The market share of Indian mills rose to 96 per cent, compared to that of Britain which dropped to four per cent. Of the total exports of cotton yarn from the mills of Bombay, the exports to China exceeded 92 per cent for the entire period from the 1870s to the first decade of the 20th century CE. This shows that the trade with China played a very important role in stabilising the Indian textile industry in its early decades of growth. Among the well-known mills of Bombay that supplied the China market were the China Mills, Moon Mills Jacob Sassoon Mills, and Tata’s Swadeshi Mills.