To emerge as a global leader in the textile industry, India must tackle the challenges arising from both global and domestic conflicts while seizing the unique…
Browsing: Gherzi Textil Organisation
The current market situation faces headwinds manifested in key macroeconomic trends such as inflation, soaring energy prices, continued effects of the coronavirus and the prolonged war…
International buyers are keen to diversify their sourcing of textiles and apparel, chiefly to develop alternatives to China. India, being the second largest textile industry in…
Exploring new markets, digitisation, state of the art infrastructure and boost in R&D can reposition India as a leader in the global textile industry.
India dreams of capturing 8-9 per cent of the total global trade by 2020, however looking at the present scenario, it may capture a share of only 5-6 per cent by 2020.
The year 2019 was challenging for the Indian textile industry with exports of textile & apparel declining by 4.3 per cent to $22 billion in the first seven months of FY2020 (April-November); thus, impacting the textile machinery segment as well.
The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.