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Indian textile and apparel industry upgrades and transforms

Through manufacturing excellence the Indian textile industry is aiming at trying to achieve worldwide acceptance for its products. A new textile policy for 2017-2022 is being drafted. Awareness about government subsidies and schemes is being created across all forums. The textile industry is being encouraged to experiment with technical textiles such as agro textiles, geo textiles, medical textiles in order to be able to compete with European nations which contribute 60 per cent of the overall production of geo textiles.

Instead of just making a typical commodity product, the industry is attempting to change the product pattern and add more value to it to make India the largest producer of synthetic fiber globally. Systems and processes are key enablers for competitiveness in the apparel industry. India is known for having a robust industry structure. Even though labor costs are reasonably low, they can be improved upon with skill development. This would help in greater efficiency and also in satisfying the customer demand for quality, latest designs and timely delivery. Work efficiencies are being improved, starting from fiber to fashion. Four key trends are significantly impacting industries around the world. These are the millennials, digitization of business, the emergence of industry 4.0 and China’s expanding economy.