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Tirupur aims to edge out Bangladesh, China as top apparel exporter

India will soon take on the leadership in the global apparel industry by edging out Bangladesh, Vietnam and even China, says Tirupur-based clothes maker T R Vijaya Kumar who owns CBC Fashions. He's a second-generation manufacturer, who's transformed his small family undershirt business employing 1,700 employees into an apparel exporter. His ambitions are even greater, that of tripling exports and adding 500,000 jobs in the process.

According to Kumar, after the cost of production has gone up in China, they are phasing out textile. Naturally, opportunities will go to other countries. It is for us in India to grasp the opportunity. The hindrance is that other Asian nations are way of India in apparel exports. India's $17 billion exports of apparel were about half as much as Bangladesh's last year and its 3.7 per cent global market share lagged behind Vietnam's 5.1 per cent. Narrowing the gap is crucial.

Prime Minister Narendra Modi's biggest failure so far has been the inability to boost employment, says a recent poll. Some time ago, his government had announced a nearly $1 billion package for textile and garment makers, including subsidies for hiring, tax refunds and relaxation of overtime rules with a goal to create 10 million jobs and boost exports by $30 billion in the next three years. ICRA, the local unit of Moody's Investors Service, called the target challenging as demand slows in importing countries.

 
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