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Strengths and Weaknesses of Indian textile Industry

Textile is a vast sector that works for and with the nation. In a country like India where much of employment needs are fulfilled through textile companies along with economic stability too, it gets really very important to keep a track of its strength and weaknesses so as to ensure ongoing development and growth.

Strengths:

  1. Raw material like resources is available in abundance in Indian textile industry. Silk, viscose and polyesters are common fibers that are easily accessible here. Alongside largest production of cotton in the world makes the country even more appreciable.
  2. As mentioned before, the country works with the nation, India is extensively rich in skilled professionals and designers who develop great designs at reasonable rates in comparison to other countries. Labor rates a lower which automatically reduces the capital requirements and improved results and subsequent profits.
  3. Spinning sector of the country is much advanced and contributes to the value chain processes.
  4. Garment industry of India is also very much diverse in terms of quality, manufacturing, output qualities, fabric requirements etc. Supplies from both international and domestic markets are included.
Weakness:

  1. Small scale companies are the leaders of Indian textile industry and all the processes are implemented with the view of helping the same. Technical advancement is not very sound with them because of the insufficient resources to support. This results in loss of productivity.
  2. Indian labor is quite unfavorable and traders need reformation for them in India.
  3. Indian outlook towards textile market is very much optimistic. Future prospects explain impressive growth rate in the Indian textile industry.


This post first appeared on Textile Exporter India - Textile Designers - Home Furnishing Textiles, please read the originial post: here

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Strengths and Weaknesses of Indian textile Industry

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