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
Textiles | On 22nd May 2022
China recently cut the market-based benchmark lending rate to shore...
The Comprehensive and Progressive Agreement for Trans-Pacific...
E-commerce | On 22nd May 2022
China's cross-border e-commerce has rapidly grown in the last few...
Textile Industry Head honchos
Marry with brand ethos
Global supply chain collapsed during the pandemic
Hopeful that issue will be resolved by first half of 2022
Zuzana Gombošová
Started as a research project in 2015, everything at Malai starts with...
Aseem Chitkara
Zetwerk Manufacturing Businesses Pvt Ltd is the largest global...
Nishant Poddar
Since 2015, Universal Sportsbiz Pvt. Ltd. (USPL) has been shaking up the...
Pranesh Sridharan & Berndt Koll Lenzing
The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...
Robert Brookins Alexium International
Alexium International is a specialty chemical development company...
Natacha Defeche Edana
Since 1971, EDANA, the International association serving the nonwovens and ...
Asmita Marwa Asmita Marwa Design
Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...
Amar Pawar & Raghavendra Pawar Brand - Powerlook
Powerlook, co-founded by Amar Pawar and Raghavendra Pawar, offers men’s...
Seema Gujral Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
By submitting you confirm you have read our Terms & Conditions and Privacy Policy.