Bangalore, Jun 2(UNI) Despite the country possessing a large pool of human resources and cotton growing area, India is facing stiff competition from small countries like Bangladesh and Pakistan in the Global Textile and Apparel market, Mr Nitin Mandhana, Vice Chairman and Managing Director, IndusFila, one of the prominent Garment manufacturing and export houses of India, said today.
Speaking to newspersons after announcing a three-day fifth edition of Fabrics and Accessories Trade Show from June 6 here, he said that India is facing severe competition from the emerging Bangladesh and Pakistan in the Textile and Apparel sector and needs to improve efficiency in manufacturing, innovation in design and cut in cost to edge out competition.
Mr Nitin said that the total export from India was to the tune of Eight billion USD during 2007, which was almost equal to Pakistan and Bangladesh. As compared to China, India remains way behind as the total export of the former accounts for over 350 to 400 Billion USD, he said.
He said that India with large pool of human resources and largest tract of cotton growing area can beat its competitors and increase its world share in Textile and Apparel market by adopting innovative methods in manufacturing and design and cut cost of production by increasing efficiency. "There is a need to capitalize labour pool and resource into value to remain ahead in competition" he said.
Referring to foraying into Technical Textile sector, Mr Nitin said that currently Germany, Taiwan and Italy enjoying leadership in the area and are willing to outsource their requirements to other countries. " India need to grab the opportunity in this sector which has rich potential to emerge" he said.
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