New Delhi
The garment industry has witnessed a remarkable rebound in exports
since the wake of covid-19, but there are bigger challenges staring the sector
in the form of supply chain constraints.
Animesh
Saxena, President, Federation of Indian Micro and Small & Medium
Enterprises (FISME), said that, while hike in fuel prices remains a concern as
the dyeing and processing units have started added ad-hoc ‘fuel surcharge’, the
inherent supply chain constraints come to fore during buoyancy. He has
suggested the Government to help bolster investment in the supply chain to
augment productive capacities.
Raja
Shanmugham, President, Tiruppur Exporters Association stated that, the current
situation is adversely impacting the industry in all forms and the Government
needs to understand that MSMEs are facing the brunt of the crunch in the supply
of raw materials.
He
further added that, this turmoil has been building up since the last 2 years
and to sustain is a big challenge for us.
Looking
at the current scenario, growth does not look immediate for the textile
industry but a flow of investments will give the much-needed push to the supply
chain.With this the Government also needs to aid the textile sector with
technological advancement, and should come forward to safeguard the MSMEs.
India
is the 6th largest exporter of textiles and apparel in the world, and is the
2nd largest employer in the country providing direct employment to 45 million
people and 100 million people in allied industries.
Source: Knowledge And News Network
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