role in the global textile economy is increasing gradually because of consumer
need, new researches, raw material availability and the other factors like
1. Production of wide range of natural fibres such as cotton, jute,
silk, wool to manmade fibres like polyester, viscose, acrylic and multiple
blends is scattering day by day. 2. Textile
industry is playing key role in economy of the country that contributed 4
percent of GDP in 2008-2009 by providing the direct employment to 35 million
OF EXPORT INCENTIVES IN INDIA:
has certain advantages than other countries regarding:
and low-cost availability of raw materials
A variety of raw materials
- cotton, silk, jute and wool - are available in the country.
This inherent strength in
availability of raw materials prevents any supply-side shocks.
In terms of cost, India has an
advantage over comparative countries.
India has abundant availability
of manpower with skill sets across all activities of the textiles value chain
India's cost advantage over
Disposable incomes have been
rising steadily in India.
The consuming class is expected
to constitute 80 per cent of the population by 2010.
Change in consumer mindset has
led to an increasing spend on consumption, including
Mrs. Ayodya Kavitha and N.
Hari Prasad are associated with the University College of Technology at the Osmania