How well is the Indian man-made fibre industry prepared for competition from South East Asian players?
India is currently exporting to more than 175 countries and competing with its rivals in South East Asian countries on equal footing. Although Indias share in total world export of man-made fibre textiles is only 3.10 per cent, India has succeeded in maintaining a steady growth rate in its exports. In the recent past, India has also started exporting specialised yarn as well as fabrics to South East Asian countries. India has also the inherent strength in supplying highly value-added items like embroidered fabrics, shawls, scarves etc. along with other made-up items. Thus, India is well equipped to compete with South East Asian countries. What are efforts being made for consolidation in the industry to meet competition? Indian man-made fibre textile industry has made sufficient investment in spinning sector to produce high-grade yarn. Investments are also finding the way into the weaving and processing sector ensuring international quality fabrics for supply to overseas buyers. Such de
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