ECONOMICS AND SOCIAL SCIENCE
Indian Textile industry in the next era
Abhishek Thakur Basanta P. Saha
School of International Business Management
Indian Institute of Foreign Trade
Qutab instititional area
Table of Content
1. Executive summary …(3)
2. Introduction …(4)
3. The Indian textile and apparel industry …(5)
4. The global scenario: post ATC …(5)
5. SWOT analysis of the India textile industry …(7)
6. Trade factors without quotas: a framework …(9)
7. Chinese textile industry: opportunities and threats …(11)
8. Recommendations …(12)
9. References …(15)
10. URLs …(15)
11. Appendix …(16)
1. Executive summary
The textile industry is enormously important for India not only for its historical importance but also due to the potential it has in the post liberalised era. With the abolishment of Multi Fibre Agreement and the lifting of quotas as a trade barrier, opportunities are abound in the world market.
This work is an attempt to understand India’s preparedness for the global competition as well as the parameters that need to be taken into account for the quota free world of textile and apparel industry. Our approach is more strategy based than econometric. We analyse China in particular as a threat and try to chalk out a general action plan that India needs to adopt as well as the scheme of things that may eventually turn in India’s favour despite the current appearance of a seemingly uphill task.
The global textile industry is going to undergo a substantial change. On the 1st of January, 2005, the Agreement on Textile and Clothing (ATC) will no longer be in enforcement and consequently, the trade barriers and quota system which used to dominate the textile trade scene will also... [continues]
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