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India's textile industry is considered a pioneer in the industry, as the industrialization of India in other areas are managed by funds generated by the textile machinery industry. However, since the beginning of liberalization in 1992 to 1970, the industry tends to protect domestic producers of cotton with a clear objective continuous erosion of its prosperity.
Indian textile industry globally is considered second most important industry. The more than nine million hectares of cotton fields and the third largest producer of wool is considered. In terms of staple fibers and filaments of the fourth generation is the sixth son. World cotton trade in the country's fourth son's report.
With 15 million jobs, 20 per cent of industrial production textiles. Textiles and clothing, thirty percent of India's exports of coverage comes from the area in terms of export growth of Indian economy is the biggest contributor. Capital and power, the Indian textile and clothing sector, despite the high cost of power comes from the availability of cotton, low wage costs, well-trained supervisory staff and several technical and managerial skills.
Although very few countries such resources, today's globalization offers new opportunities for Indian textile industry. At the same lower prices for imported clothing especially threats, exposed. Thus, India's share in international trade of textiles to the conflict. Even assuming that the global average of the WTO would be a better distribution, unlike other developing countries, India is not for profit. Indian textile industry rely on your strengths, not its weakness should try to withdraw.
Garment exporters in India, however, use different strategies to ensure they stay competitive in the context of trade liberalization in 2005 and beyond. Many manufacturers are taking steps to improve productivity through advanced automation, re-production systems, production facilities and upstream and downstream integration and consolidation of production activities in 2005 increased demand for engineering and other manufacturers In anticipation later are eager to expand its product range are looking for a change of diversification, export value of clothing and some of their design and creation of joint ventures with foreign companies by adding value to the extended use are improving the efficiency of their technical, design and marketing. Others are building relationships with foreign buyers improve your sales.
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