India'S Textile And Garment Industry Is Growing Strongly.

< p > > a href= "http://www.91se91.com/news/index_p.asp" > India < /a > consultant Technopak said recently that although India textile and apparel industry is in a difficult position, the future development of the industry is bright.

By 2020, India's textile and garment exports are expected to reach US $80 billion, much higher than the US $24 billion 100 million export volume in 2010.

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< p > the consultant expects that by 2020, the trade of "a href=" http://www.91se91.com/news/index_f.asp "> /a" will reach US $1 trillion, compared with us $510 billion in 2009.

Technopak said growth expectations in developed countries slowed down, and growth in emerging economies including Brazil, Russia, India and China increased.

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< p > research finds that China and India are most suitable to develop long-term cooperative relations with partners because they are most capable of consistently performing contract conditions and delivering them on time. They have the potential to provide full range of services, such as design and supply chain integration.

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< p > Technopak also emphasizes the raw materials of India and Pakistan.

The company says India has a wealth of raw materials.

Almost all man-made fibers and natural yarns and fabrics have supply bases in India.

As the fourth largest cotton producer in the world, Pakistan also has an excellent raw material base.

Technopak expects Pakistan to remain strong in sheet and denim fabrics.

Studies have found that countries such as Bangladesh, Vietnam, Indonesia and Kampuchea are working hard to build textile centers in China.

These countries form a competitive relationship with the major garment exporting countries, but because of their product centered and lack of a complete supply chain, their development will be limited.

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< p > report found that the recent trend of flat development of India's clothing sector is due to the following four factors: GDP growth, alternative employment opportunities, minimum wage rise, almost no economies of scale, and lack of vertical integration.

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< p > in order to enhance the competitiveness of the industry, the government of India has launched a series of industry support measures.

In West Bengal, India, the local government is implementing a plan to develop handicrafts and handloom machinery departments.

West Bengal has 550 thousand handicraft craftsmen and 665 thousand handloom looms.

To further promote the healthy and orderly development of handicrafts and Handlooms, small and micro enterprises and textile bureaus provide financial support for artisans and loafer loans for practitioners, and establish health care mechanisms and insurance for them.

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< p > Technopak analysis pointed out that despite the challenges, the prospects for the textile and garment industry are very optimistic.

He appealed to the government and the industry to support four aspects: improving processing technology; increasing production of a href= "http://www.91se91.com/news/index_c.asp" > fiber < /a > clothing; improving production efficiency; turning from traditional manufacturing centers, such as Delhi, Bangalore and Chennai, to low cost centers.

Analysis shows that India has traditionally focused on women's wear and knitted apparel, and now has the opportunity to turn to other categories, such as coats, formal wear and underwear.

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