Home / Knowledge / News / Textiles / 'Manufacturing has pivotal role in India's development'
'Manufacturing has pivotal role in India's development'
04
Nov '16
India has the key resources essential to make Government of India's 'Make in India' programme a success, said Sanjay Jain, president of Northern India Textile Mills' Association in a note. However, the Make in India initiative will be successful when the crucial role of manufacturing sector in the development of the country is identified by the citizens.

When it comes to ease of doing business, India's ranking is at 130 out of 190 nations. India has ample resources such as availability of labour at reasonable cost, a huge domestic market, ample opportunity for import substitution, rich reserves of raw materials and a proactive government, said Jain, who is also the managing director of TT Ltd. According to him, a proper layout is required to transform the dream of Make in India into a reality.

Stressing on the significance of developing India's manufacturing sector, Jain said, “Unless we don't understand the importance of manufacturing sector by generating employment, revenue, self-reliance, earning foreign exchange by exports and import substitution, reducing cost of products for the common man – we shall never ever see the dream of India becoming a manufacturing hub and factory of the world like other nations.”  

Various issues are to be brought in limelight and worked upon for the improvement of manufacturing industry of India. Jain suggests that there are areas where improvements can be made such as interest rates, government policies and labour wages among others. (RR)

 

Fibre2Fashion News Desk – India


Interviews View All

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Smita Murarka, Amanté

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search