India’s Textile and Apparel Industry

 

          India’s Textile and Apparel Industry

Context:

Which are the export destinations?

  • USA — 27%
    • EU — 18%
    • Bangladesh — 12%
    • UAE — 6%

Background:

What are the challenges faced by the textile industry?

  • One of the hindrances to the Indian textile industry is that it is highly unorganised and fragmented which is a challenge in front of the mass production of textiles around the world.
    • It is also evident that the textile industry has not received much attention from foreign investors, FDI inflow into this sector is too low.
    • Apart from this the exports from India have remained stagnant with new competitors in the South Asian region especially Bangladesh doing well in the textile sector.
    • The stakeholders of the textile industry argue that the tax regime in India has made Indian producers expensive and uncompetitive.
Location: Bengaluru, Karnataka, India

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