The Battle Ahead

The Sunday Indian - India's Greatest News weekly

As mentioned earlier, India’s offerings are considered ‘rich’ to say the least. No wonder, India exported fabrics worth a terrific $213.03 million for the period April- February 2006-07. However, before you conclude that the road to leadership on the global front is as smooth as silk, let us warn you – there are hurdles galore! The so called Indian labour welfare policies (which discourage FDI), high import duties & complex labour laws (which prohibit hiring people on contractual basis thus preventing higher productivity) are playing havoc as Subrata Siddhanta, Business Head, Century Textiles & Industries Ltd. confesses, “The labour laws don’t help us to recruit more people during the peak hours for both domestic and global market. Then there’s also the high import duties to be paid by textile manufacturers!” For instance, while Man Made Fibre (MMF) textile is dominating total global consumption, India cannot thrive in this regard as a high 10% import duty is levied on the same. FDI, (like we mentioned earlier) alone can provide the huge Rs.1,500 billion needed to make India the world’s top textile hub by 2012 (as per CITI’s Vision 2007-12). Th en there are other reasons to blame as elaborated by H.P. Singh, MD, Indus Clothing Ltd., “Lots of reforms are now being made and they’re quite similar to those in other major textile manufacturing countries. But this could have been done earlier and even if it’s happening now, strangely coordination with industry people has been lacking while framing policies. Then there are also basic infrastructure problems we face, like inadequate shipment facilities and the like!”

However, having come so far, it’s only but obvious that the Indian textiles sector is looking to make a big mark on the global platform. So what if the big players have made a late entry? So what if the government has just started realising the need to accelerate sectoral proceedings. So what if we’re still not No.1? At least, the realisation has dawned upon parties in question, just like you realised what the fashion show really ‘showcased’, though a day late. For the moment, ‘better late than never’ seems the right war cry for the Indian textiles industry, eh?!

B&E edit bureau: Angshuman Paul

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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