India has the strengths in terms of raw material availability, manpower availability, large domestic market, presence of complete manufacturing value chain and government support. This has enabled growth of the industry. To sustain the growth that the Indian textiles industry has experienced, it becomes imperative for industry to incorporate certain structural changes in it. A white paper from Wazir Advisors Pvt Ltd, titled 'Achieving sustainable growth in textiles and apparel industry through manufacturing excellence', has argued that achieving manufacturing excellence through sustainable development is the way forward for the Indian industry. The white paper has been authored by Varun Vaid, Anubha Sehgal and Vanshika Jain.

The textiles and apparel industry of India has established itself as a leading exporter and consumption base. Today, the combined market size of exports and domestic consumption of the industry stands at $122 billion which includes exports worth $7 billion and domestic apparel market worth $63 billion, domestic home textiles market worth $6.5 billion and domestic technical textiles market worth $15 billion. To sustain the growth that Indian textiles industry has experienced, the industry will be required to reform, perform and transform its traditional functioning and outlook. Achieving manufacturing excellence through sustainable development is the way forward for the Indian industry. This white paper talks about the vision for industry growth and the roadmap to manufacturing excellence while creating a sustainable and innovative future for the Indian textiles industry.

India has the strengths in terms of raw material availability, manpower availability, large domestic market, presence of complete manufacturing value chain and government support. This has enabled growth of the industry. To sustain the growth that the Indian textiles industry has experienced, it becomes imperative for industry to incorporate certain structural changes in it. The major underlying issues of the textile and apparel industry of India are its unorganised structure and lack of requisite scale. This has resulted in the inability of Indian textiles and apparel industry to reach its full potential. In the cost-competitive global textiles industry, the Indian textiles sector has to take some steps to gain an edge over its competitors like China, Bangladesh, Vietnam, etc. 

By focusing on manufacturing excellence, India could aspire for a growth of 8 per cent and reach $400 billion by 2030. 

 

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