The Indian textile and garments industry does not suffer from the lack of a market but a weak ability to compete in terms of price and quality. Analyse (200 Words)
Refer - Business Standard
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
· The Union government’s proposal to make the use of a range of Indian-made “technical textiles” textiles used in industrial applications mandatory for ministries and public agencies offers another example of the paucity of fresh ideas for reviving the economy.
· The intention behind this proposal is praiseworthy to encourage a fast-growing segment of the textile industry under the Make in India rubric and create jobs.
· The experience with the Jute Control Order offers some perspective. It was introduced with the laudable objective of reviving the perennially ailing jute industry.
· But other structural problems — not least absurd procurement prices, inadequate investment, outdated technology, and inflexible labour laws — ensured that jute mills remained as obstacles.
· It would have been more constructive for the ministry to have focused on enforcing as well as expanding the coverage of an imaginative package for labour.
· That would have enabled flexible hire and fire without impinging on benefits, encouraging the kind of economies of scale that the textile industry sorely needs.
· Equally, an urgent programme to streamline the processes of the goods and service tax, one critical reason for weak exports, would have been more helpful than mandating demand.
· Working with the ports and shipping authorities to improve turnaround time in India’s ports would have been useful.
· At a more granular level, technical textile exports have been among the faster-growing segments of the business. Useful enabling interventions of this nature would go far longer towards helping manufacturers compete meaningfully on a global scale.
· The fact is that Indian textile exports have long been misaligned with demand being predominantly in cotton when the market preference is shifting towards synthetics.
Madeshwaran 5 years
Kindly review
IAS Parliament 5 years
Try to explain the flowchart. Keep writing.
DHARU 5 years
Kindly review!!
IAS Parliament 5 years
Try to explain about the issues with supporting arguments. Keep writing.
Manojkumar A 5 years
review please
IAS Parliament 5 years
Good attempt. Try to mention about Bangladesh, Vietnam examples. Keep writing.
Shivangi 5 years
Please review. Thank you.
IAS Parliament 5 years
Good attempt. Try to mention about Bangladesh, Vietnam examples. Keep writing.
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