India Is Ready To Expand Its Textile Production Capacity.
Alok Industrial Co., Ltd. Finance
Chief inspector
Sunil Khandelwal said textile quotas had been lifted for 5 years, and increased competition from neighboring countries in the post quota era, such as China, Pakistan, Bangladesh and Sri Lanka.
Therefore, scale and comprehensive operation become the key to reduce costs and control quality, especially after the outbreak of economic crisis in the US and Europe.
The India government launched the technology renewal Fund Scheme (TUFS), which provides 5% interest for enterprises.
subsidy
It will provide great help to enterprises and help them achieve the goal of large capacity and comprehensive operation.
India is still one of the most cost competitive countries in the world, especially in terms of cotton textiles.
India has not lost market share to China or any other neighboring countries.
Even if canceled
quota
After that, India's share in world textile trade has remained at 3.5%.
Compared with other countries, mainly in China, India's market share is not as large as that after December 2004.
But now India is ready to expand its capacity.
It is believed that by 2014, India's share in world textile trade will reach about 6.5%.
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