According
to recent global textile reports, India has emerged as one of the
most preferred destination for global brands and their counterparts.
This will likely create better employment opportunities in the
country and provide the much required financial strength to the
palpable economy. The strong foot holds of textile industry and
increasing no of foreign key players investing is a clear indication,
that India has tremendous scope in this sector. But the success story
of this resilient sector dates back to the year 1991, with the onset
of economic liberalization of Indian economy, this unorganized
industry started shaping up and gradually stood to be the second
largest employment generating sector after Agriculture for both
skilled and unskilled labors in the country.
Since then
the industry has proven to be the backbone of the economy. It was
recently when the Apparel Export Promotion Council Chairman A
Sakthivel said that India's garment industry has its inherent
strengths in terms of design and raw material.
The brands from around the world are looking forward to invest and start sourcing from India. India not only is the second largest Employment provider within the country but evolved as third largest exporter of garment to Australia and has all the potential to boost the business further. The Australian garment export apparel market is expected to be as huge as $5.61 billion and if experts are believed India can tap it easily. As, India's apparel exports to Australia in 2012 were around $111 million.
"Australia is the focus country for us, considering that India and Australia are at an advanced stage of negotiations for a Free Trade Agreement and also the Australian buyers wanting to reduce their over dependence on China," said Sakthivel in a press meet recently .
The brands from around the world are looking forward to invest and start sourcing from India. India not only is the second largest Employment provider within the country but evolved as third largest exporter of garment to Australia and has all the potential to boost the business further. The Australian garment export apparel market is expected to be as huge as $5.61 billion and if experts are believed India can tap it easily. As, India's apparel exports to Australia in 2012 were around $111 million.
"Australia is the focus country for us, considering that India and Australia are at an advanced stage of negotiations for a Free Trade Agreement and also the Australian buyers wanting to reduce their over dependence on China," said Sakthivel in a press meet recently .
The coveted
position that India holds globally is the result of key research
institutes like, Northern India Textile Research Association (NITRA.
It stands to be one of the prime textile research institutes in the
country. The textile industry and Ministry of Textiles, Govt. of
India jointly established NITRA in 1974 for conducting applied
scientific research and providing support services to Indian textile
industry. The organization is situated in a 50 acre land at NCR
Ghaziabad, near national capital New Delhi.
To know more
about NITRA, Visit http://nitratextile.org/
