Business from overseas markets has been a major contributor to the growth of Indian home textiles industry. Covid 19 and the US-China spat can be instrumental in further increasing India’s share in the global home textiles market, says Rakesh Rao.
Browsing: Rakesh Rao
Benefits of automation are clear and visible. However, capital intensive nature of the textile industry and lack of availability of funds are hampering adoption of automation in India. But Indian textile industry has no choice but to invest in modern technologies to stay relevant in the global textile value chain, says Rakesh Rao.
While Indian spinners are benefiting from the higher global cotton yarn demand at present, the re-emergence of the Covid 19 pandemic could play a spoilsport, says Rakesh Rao