A STUDY ON GLOBAL STRUCTURAL SHIFT IN TEXTILE INDUSTRY AND INDIA'S POSITION
Author(s):
RIDDHI BARWER
Keywords:
Indian textile and apparel sector, FDI (Foreign Direct Investment), TUFS (Technology Up gradation Fund Scheme)
Abstract
This paper examines the current position of textile and apparel sector of world as general and India as particular. A brief study is made to understand the global dynamics in relation to trade, major player of textile and apparel and shifting of manufacturing base from developed countries to developing nation generating new dimensions and opportunities to emerging global economies..possibility of filling the gape created by transitional shift of trade from China to India by developing manufacturing capacities, easing of doing business, strengthening infrastructure, developing ties with major importing countries, solving key challenges related to labour market and FDI. India can lead the world in textile and apparel sector by utilizing its potential of huge geographical and natural resources, high demographic dividend, cheap labour by imparting skill and knowledge them. Realizing the fact government of India making efforts to develop India as manufacturing hub by implementing ‘Make in India’, developing textile park, improving quality of product and service by implementing technology up gradation fund scheme(TUFS). all will lead our country a new growth path.
Article Details
Unique Paper ID: 146926

Publication Volume & Issue: Volume 5, Issue 2

Page(s): 470 - 475
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