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Indian textile firms weave high-growth
Despite a dominating Chinese presence, India managed to put in good export performance in the developed markets of the US and Europe. Export is expected to grow this year....more
by Textile Intelligence
View more news from [ Mumbai ] [ India ]
Despite a dominating Chinese presence, India managed to put in good export performance in the developed markets of the US and Europe. Export is expected to grow this year. However, industry observers feel that India could not utilise the full potential of a quota-free regime. This was largely due to capacity constraints. Many firms could not take up orders from overseas for this reason. “Last

year, many international customers came to India. However, in many cases, their demands were not met as the domestic units were operating at full capacities,” KSA Technopak principal Raghav Gupta says. This year will yield better results for the domestic textile firms, Gupta feels. Many others in the industry share a similar view. “But as we are now witnessing a spurt in investments, there should be a better growth rate beginning this year,” Gupta adds. 



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