But this wasn't the entire picture: Indian industry needed to be on par wit the best quality conscious aspect of production, adding that modernization was a must.
In a small example of how the textile industry had made the changeover from a 'sunset' industry to a 'sunrise' industry, the Hon'ble Minister for Textiles gave the example of removal of CenVat, for which a section of the industry had agitated.
He pointed out that he had personally supported the industry's demand, in effect; overruling what the bureaucrats said and ensured that the Hon'ble Union Finance Minister provided the necessary tax benefits.
He termed this as the true essence of democracy, where industry's requirement was given prominence. He concluded by saying he had hopes for far better performance from a re-vitalized Indian textile and garment industry.
Mr. Qaiser Shamim, Joint Secretary, Ministry of Textiles, Government of India spoke of the new era that the industry had entered, one where the quota regime was a thing of the past.
It was an exciting time, he said, quoting a CRISIL study which suggested better days ahead for the industry with faster growth rates, a larger share of the global market and better profitability. "The Indian textile and apparel industry is moving from 'sunset' to 'sunrise'," he pointed out.
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Confederation of Indian Industry
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