Home / Knowledge / News / Textiles / Survival of textile industry rests on three key factors
Survival of textile industry rests on three key factors
17
Mar '09
The Indian textile industry experienced a reverse trajectory in its exports during 2008, which is not a welcome situation. Economists predict that economy will start reviving only by 2011. The interim would be a period of stress for Indian textile industry.

The industry has to practice diversification of scale, quality and innovation to survive the current dire situation. These are the three legs upon which the Indian textile industry should stand.

A recent study by the Federation of Indian Chambers of Commerce and Industry states that the Indian textile industry should invest in Research and Development of value-added and functional textiles that could be used by the Indian military.

High performance yarns and products using high performance fibers such as Nomex, Kevlar, and fire retardant fibers can be used in defense and aerospace sectors.

The industry should also plan for enhancement through expanding the product basket and product mix for a particular industry based on its efficiencies and resources.

It should not only aim at developing the international market, but also focus on the growing middle class domestic market.

Click here to read the complete article.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 27th Mar 2017

CCI shows US cotton textiles at Intertextile Shanghai expo

The Cotton Council International (CCI), the global marketing arm of...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search