Textiles sector likely to attain $ 70bn exports by 2014 - EXIM study
28 May '05
4 min read
ng towards high technology mode; foreign investments coupled with foreign technology transfer would help the industry to turn into high-tech mode, the study perceived. The study further recommended improvement and efficiency in logistics and supply chain management of Indian textile firms.
Besides, Indian players should also improve upon their soft skills, viz., design capabilities, textile technology and management and negotiation skills.
The study concludes that the ability of Indian textile industry to take advantage of quota phase-out would depend upon their ability to enhance overall competitiveness through exploitation of economies of scale in manufacturing and supply chain.
The need of the hour therefore is to evolve a well chalked out strategy, aimed at improvement in the levels of productivity and efficiency, quality control, faster product innovation, quick response to changes in consumer preferences and the ability to move up in the value chain by building brand names.
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