India's strong textile industry in the world
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India claims that its quot;the second textile industry basequot; in the world.ed hardy women hoodies In fact, India is thrid biggest cotton producers in the world, the first place and the second place has been occupied by China and America. India’s Reliance company is the largest producer of polyester in the world. India clothing industry and carpet industry has several hundreds of years in history.
India cotton mills league (ICMF) predicts that India export of textiles grow 18% to 40 billion. At present the export of textiles accounted for a quarter of India merchandise exports. India’s textile industry is still in the process of growth, it will create 5 million work position, and India general work position will reach 40 million. India’s textile industry is the second biggest in agricultural in the world.
The world trade organization (WTO) indicates a study to support this optimism. The organization predicts India textiles will be increased from 4% to 15% in America market share, while China’s share increased from 16% to 50%. But it also lost market share of Mexico, South America, the European Union, Africa and the Middle East. They think India’s textile industry still controls thousands of small family companies. Many enterprises lack of marketing skills. Sri Lanka garments makers said China supply some cheap, fast and more reliable textile. In march, DHL express company (DHL) entrust McKinsey shows a report, it indicates that because of lack of further reform, the growth rate of export India is 8% of each year. The report found the shirt production quantity of India is 35% of the American productivity. India’s textile industry overall productivity is only 16% of the United States.
In the new system, another possible winner is Pakistan. Pakistan has the low labor cost advantage, in the past four years the textile industry has invested about 4 billion dollars for Pakistan. In some market areas, such as the sheets and towels, Pakistan is considered as a strong global competitors.
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