The Indian Government’s initiative to set up seven Mega Textile Parks across the country can help reinvigorate a sector employing millions of people and boost investments and exports. But the initiative needs to imbibe lessons from past experiences to ensure that these parks manage to provide the sector the leg...
The textile and apparel industry holds a huge share of India’s export basket and has evolved over the last few decades. COVID-19 has disrupted the sector but it seems to be regaining lost momentum. This blog explores measures that the government can take to grow textile market share. The domestic...
Expressing optimism that India can capture the present post-COVID window of opportunity in manufacturing, Prof Jagdish Sheth suggests that India must prioritise modernising the farm, strengthening consumer-facing sectors and making its factories smart to progress towards the higher end of the value chain. At crucial periods in its history as...
Olga Kulikova, Business Ambassador to India and member of General Council of All-Russia Public Organisation “Business Russia”, opines that Indian programs like Make in India should create investment attractiveness for Russian business tycoons. However, she admits there is a lack of awareness regarding these initiatives of the Indian government in...
The expected import size of India’s textile sector due to this additional import tariffs is going to be $6 billion approximately. The intensity of squeeze will be lesser than the intensity of hike, which indicates India’s recent burgeon dependency on textile imports. India doubled the import tax on more than...
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