Textile sector to contribute around ten million fresh jobs by 2009
16 May '05
3 min read
Lowering cost of manufacturing in India ought to be one of the prime focus areas in which there should be constant focus on innovations to take on global competition. Other suggestion comprise that the public sector manufacturing industries should be another focus area for the government keeping in view their pre eminent role in manufacturing particularly to capital goods.
The Chamber is also of the view that infrastructure bottlenecks still continue to make Indian manufacturing highly uncompetitive especially within the ASEAN region. Therefore, basic infrastructure needs for industries should be met to increase manufacturing in areas of telecommunication, pharmaceuticals, consumer electronics and IT related services to help India diversify its export manufacturing.
The removal of world textile quota restrictions from January 2005 could bring a huge increase in India's annual exports and make it the big winner in the global market, after China. This breakthrough will occur, however, only if the government accelerates the pace of reform and local manufacturers adopt measures to improve their competitiveness.
The Associated Chambers of Commerce and Industry of India
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
