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Policies should be in tune with changing realities - Expert
07
Oct '09
The industrial sector and the textile industry in particular are showing signs of revival. The textile sector employs around 33 million people and is the second largest employer after agriculture and also accounts for 12 percent of overall exports from India.

But, experts from the industry are still pessimistic about the revival and as Mr JN Singh, Joint Secretary in the Ministry of Textiles said recently at a conference, “It is still too early to predict a permanent return to good times”.

India, which once enjoyed a 12-14 percent market share in the international market, has seen it drop to 5 percent. In the past decade, the country's textile sector registered a good growth, but failed to live up to its full potential.

India has not been able to maintain the tempo displayed by the Chinese textile and apparel industry. The Chinese industry has however, bull dozed its way into international markets and exports have grown from US $100 billion in 2000 to $200 billion in 2008.

The Chinese bandwagon has also consistently been able to increase its global market share which currently stands at 40 percent against a measly 5 percent of India, despite the textile industry being one of the oldest industrial sectors in India.

Director of the Okhla Garment and Textile Cluster (OTGC), Mr RC Kesar put it aptly by saying that a focused approach from the policy makers would make a difference for India and it is it is necessary that policies are in tune with the changing realities.

Mr Kesar is also of the opinion that exports are not witnessing any dramatic revival as India is basically a supplier of summer garments and traditionally, the period from September to March witnesses an increased activity.

Fibre2fashion News Desk - India

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