In a report titled ‘Opportunities & Challenges for Indian Textile & Apparel Sector’, the Indian Texpreneurs Federation (ITF) urgesGiriraj Singh Union Textile Minister to provide policy support to the industry to boost exports by capitalising on the opportunities presented by the China Plus One strategy adopted by western buyers.
According to the report presented by PrabhuDhamdodhran, Convenor, ITF, India currently exports apparels worth $1.5 billion every month which is significantly lower than China’s $12 billion. To improve its performance, the sector needs to focus on scale, competitiveness, specialisation, integration, and market diversification, he adds.
To make the SME-based apparel sector more efficient, the government needs to support a ‘ready-to-cut dyed fabric; ecosystem besides developing a semi-integrated and integrated manufacturing ecosystem to fulfill large apparel orders, Dhamodharanadds further. The government also needs to forge knowledge partnerships with MMF-specialised countries and within Indian clusters to increase India’s share in the US manmade fiber (MMF) apparel market from the current 2 per cent.
ITF proposes, the government select five exporters from five major textile clusters and help them diversify into non-traditional markets. Additionally, the industryalso needs to improve cotton yield, the report highlights.
