The Prime Minister of India, Dr Manmohan Singh, on January 7th admitted that stringent domestic regulations and excessive controls have hampered the growth of the Indian textile industry, while inaugurating India Exposition Center in Noida. He expressed that despite the vast opportunities thrown up by the freeing of global textile trade last year, rigid domestic
|
| laws, complex rules, regulations and excessive controls inhibited the growth of an internationally competitive industry. We were, therefore, overtaken in the world market by other textile exporting economies of Asia. In 1948, India was the largest exporter of textiles this side of the Suez Canal. The Prime Minister also emphasize on the need for Government and the business community to work hand in hand. 
|
|
