General Management @ Knowledge Zone



Textile Industry Post MFA

by Siddharth Patnaik & R. Janaki *

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Part - VIII

  • Complete lack of indigenous R & D efforts

  • Competition between links of supply chain viz. cotton producers, spinners, weavers

  • Inadequate process control

  • Outdated technology

The main challenge for Indian Textile Industry lies in protecting domestic market after year 2005. The 3C's of Commitment, Co-ordination and Co-operation need to be applied at all levels by the industry to be able to maintain and enhance its presence in the global market.

Recommendations

Endowed as the Indian Textile Industry is with multifaceted advantages, it shall be the policy of the Government to develop a strong and vibrant industry that can spurn growth in this industry: -

  • Produce cloth of good quality at acceptable prices to meet the growing needs of the people.

  • Increasingly contribute to the provision of sustainable employment and the economic growth of the nation.

  • Compete with confidence for an increasing share of the global market.

To overcome the above-mentioned challenges, the future endeavor for the Indian textile industry needs to be: -

  • Achieve the target of textile and apparel exports from the present level of US$11 billion to US$50 billion by 2010 of which the share of garments will be US$25 billion.

  • Implement vigorously, in a time bound manner, the Technology Upgradation Fund Scheme (TUFS) covering all manufacturing segments of the industry.

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* Contributed by -
Siddharth Mohan Patnaik, B.Tech. (Electronics),
Ravulpathi Janaki, B.Tech. (Mechanical),
II Year, IIM Lucknow.