The survival and growth of the Indian textile industry depends on Trifecta, which include USA, Europe, and China. The current deficit and the long term debt in the US are expected to influence the global trade and export business from India. The large consumer base in the US and Europe has promoted Indian apparel business, while China has an advantage with regards to its scale of production, labor productivity, labor cost, and product sorts and styles. Exporters from the home textiles capital of India, Karur, are identifying for diversification and other opportunities. From textile point of view, China is the world's largest producer of cotton and the largest importer of cotton. Textile industry associations in India are preparing for a strike if the government refuses to accede to their request for punitive export tariff on cotton exports China.
|Number of pages||5|
|Specialist publication||Textile Magazine|
|State||Published - Oct 2010|