The predominantly cotton-based textile industry has become highly competent in terms of operational efficiency with the state-of-the-art technology, skilled manpower, high productivity, high quality, etc.
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Severe competition on global level and lack of initiatives and direction on the domestic front have made a dent in India´s textile exports with a dip in figures for FY 2014-15, diminishing the scope of achieving the cherished goals. S Joseph & M Karthik take an overall look at the scene.
The textile industry in India is one of the few industries which has the potential to emerge as a true global player. A well-devised action plan coupled with effective delivery mechanism can see India as emerging as a winner in the quota free market.