The Indian Texpreneurs Federation has submitted a report to the Union Textile Ministry, suggesting policy support to tap into opportunities arising from the China Plus One strategy adopted by western buyers.
Coimbatore: The Indian Texpreneurs Federation (ITF) has recently submitted a comprehensive report to the Union Textile Ministry, proposing policy support to capitalize on the opportunities presented by the China Plus One strategy. This strategy, adopted by western buyers, could potentially boost India's textile and apparel exports.
Prabhu Dhamodharan, convenor of the ITF, revealed that a delegation had presented a report titled "Opportunities & Challenges for Indian Textile & Apparel Sector" to Union Textile Minister Giriraj Singh. The report highlights the significant gap between India's and China's monthly apparel exports, with India exporting $1.5 billion worth of apparel compared to China's $12 billion.
The ITF report emphasizes the need for the Indian apparel and textile sector to focus on five key areas: scale, competitiveness, specialization, integration, and market diversification. To achieve these goals, the federation has put forth several recommendations.
One of the primary suggestions is for the government to support and encourage a "ready-to-cut dyed fabric" ecosystem in India. This move aims to enhance the efficiency and cost-competitiveness of the apparel sector, which is largely composed of Small and Medium Enterprises (SMEs).
The report also stresses the importance of developing a semi-integrated and integrated manufacturing ecosystem to fulfill large-quantity apparel orders. Additionally, to increase India's market share in the US manmade fibre (MMF) apparel market, currently valued at $35 billion, the ITF proposes creating knowledge partnerships with MMF-specialized countries and replicating similar initiatives within Indian clusters.
Another key recommendation is for the government to select five exporters from five major textile clusters and assist them in diversifying into non-traditional markets. The report also highlights the need to focus on improving cotton yield in the country.
The ITF has reported that Union Textile Minister Giriraj Singh has indicated that efforts would be made to boost textile and apparel exports, in line with the federation's recommendations.
As India seeks to strengthen its position in the global textile and apparel market, these proposed measures could play a crucial role in leveraging the opportunities presented by the China Plus One strategy and enhancing the country's export capabilities.
Prabhu Dhamodharan, convenor of the ITF, revealed that a delegation had presented a report titled "Opportunities & Challenges for Indian Textile & Apparel Sector" to Union Textile Minister Giriraj Singh. The report highlights the significant gap between India's and China's monthly apparel exports, with India exporting $1.5 billion worth of apparel compared to China's $12 billion.
The ITF report emphasizes the need for the Indian apparel and textile sector to focus on five key areas: scale, competitiveness, specialization, integration, and market diversification. To achieve these goals, the federation has put forth several recommendations.
One of the primary suggestions is for the government to support and encourage a "ready-to-cut dyed fabric" ecosystem in India. This move aims to enhance the efficiency and cost-competitiveness of the apparel sector, which is largely composed of Small and Medium Enterprises (SMEs).
The report also stresses the importance of developing a semi-integrated and integrated manufacturing ecosystem to fulfill large-quantity apparel orders. Additionally, to increase India's market share in the US manmade fibre (MMF) apparel market, currently valued at $35 billion, the ITF proposes creating knowledge partnerships with MMF-specialized countries and replicating similar initiatives within Indian clusters.
Another key recommendation is for the government to select five exporters from five major textile clusters and assist them in diversifying into non-traditional markets. The report also highlights the need to focus on improving cotton yield in the country.
The ITF has reported that Union Textile Minister Giriraj Singh has indicated that efforts would be made to boost textile and apparel exports, in line with the federation's recommendations.
As India seeks to strengthen its position in the global textile and apparel market, these proposed measures could play a crucial role in leveraging the opportunities presented by the China Plus One strategy and enhancing the country's export capabilities.