Indian textile industry is the second largest in the world, next to China. But the gap between the No 1 and No 2 is huge. If we go back to the 50s, India used to have a larger market share in the textile & clothing – say about 13 per cent.
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Our industry is here to stay! As I am writing these lines, the year 2013 is coming to an end, time to take stock of what has happened. I would request my readers to keep in mind, that what follows are the simple thoughts of a mechanical engineer
The year 2013 was of mixed type for Indian textile industry. On the one hand the mill sector (spinning/weaving) had a good year, the decentralised powerloom weaving sector had one or the other hiccups like power cuts, high tariff in power
Our industry is here to stay! As I am writing these lines, the year 2013 is coming to an end, time to take stock of what has happened. I would request my readers to keep in mind, that what follows are the simple thoughts of a mechanical engineer
Exports of Indian MMF textiles were not encouraging during 2012-13. The exports of man-made fibre textile which grew consistently during last 10 years have declined by 9 per cent during 2012-13 compared to the previous year and amounted only US $5.37 billion.
The industry went through many ups and downs during the year which was marked by a lot of uncertainty and anxiety related to both the market and government policy (including delay in TUF extension).
Exports of Indian MMF textiles were not encouraging during 2012-13. The exports of man-made fibre textile which grew consistently during last 10 years have declined by 9 per cent during 2012-13 compared to the previous year and amounted only US $5.37 billion.