Prashant Agarwal, Vice President, Technopak Advisors Pvt. Ltd. writes...
Textile manufacturing business is a pioneering activity in the Indian manufacturing sector and has a primordial importance in the economic life of the country. Indian textile industry is globally competitive considering not only cost but factors like vertical integration, raw material availability, manpower skills, product specialisation and service levels provided by the Indian manufacturers.
Global trade of textiles and apparel is increasing at a CAGR of 5-6 %, so competition is not about taking someone else’s share but it is all about creating our own niche and provide better service to be a preferred vendor for long term. India and China are long term competitive players in the Textile and Apparel Industry because of their large population base and also availability of land base. China has taken the headstart in the market from India though due to its impressive production capacities set up at the right time and also infrastructure development by setting up supply chain cities. So India has lot to learn from China, than talking about any competition.
Textile manufacturing business is a pioneering activity in the Indian manufacturing sector and has a primordial importance in the economic life of the country. Indian textile industry is globally competitive considering not only cost but factors like vertical integration, raw material availability, manpower skills, product specialisation and service levels provided by the Indian manufacturers.
Global trade of textiles and apparel is increasing at a CAGR of 5-6 %, so competition is not about taking someone else’s share but it is all about creating our own niche and provide better service to be a preferred vendor for long term. India and China are long term competitive players in the Textile and Apparel Industry because of their large population base and also availability of land base. China has taken the headstart in the market from India though due to its impressive production capacities set up at the right time and also infrastructure development by setting up supply chain cities. So India has lot to learn from China, than talking about any competition.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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