In 2014, India'S Share In World Textile Trade Will Reach 6.5%.
Sunil Khandelwal, chief financial officer of Alok Industrial Co., Ltd.
Spin
In the 5 years since the abolition of quotas, competition from neighboring countries has intensified 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 technology renewal Fund Scheme (TUFS) launched by the India government provides 5% interest subsidy to enterprises, which will provide great help to enterprises and help them achieve the goal of large capacity and comprehensive operation.
India is still one of the world's most cost-effective countries, especially in cotton.
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Products.
India has not lost market share to China or any other neighboring countries.
Even after the quota was abolished, India's share in world textile trade 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 that 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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