India Federation Of Industry And Commerce Proposes Five Year Policy For Textile Industry

FICCI said that the goal of the policy is to make domestic textiles in the next five years. Industry A steady increase of 15% per year. Exit Annual growth of 20%, in order to let India textile in the world. clothing Exit The share of the market has doubled (the plan is called the 20-15 Policy). India Federation of Commerce and industry pointed out that if India textiles Exit Annual increase of 20% and domestic production can increase by 15% annually. Then, the scale of India's domestic textile market will reach US $106 million by 2015. Exit It will reach about 66 billion dollars. In view of the long-term growth rate of textile trade in the world is 7%, the market share of India will reach about 6.6% in 2015, increasing by 20% annually, which is two times the current market share of India 3.4%. In general, India textile Industry Growth lagged behind manufacturing growth. In the past 6 years, the average growth rate of manufacturing industry was 8.3%, while that of textile industry Industry The growth rate is 5.3%. In April 2009 - November, the growth rate of manufacturing industry was 7.7%, while that of textile industry was only 5.8%.

According to the Federation of industry and Commerce of India, this policy should focus on building India into a high added value. clothing The manufacturing center guarantees India to build 20 internationally renowned brands. In the next five years, the market share of these brands will be expanded to 15-20% of India's exports.
FICCI said it is necessary to deepen fiber consumption, because consumption in India is still low. Today, per capita fiber consumption in the world is nearly 10.80 kilograms, but only about 5-6 kilograms in India. The per capita fiber consumption in China is 14.6 kilograms, North America is 38 kilograms, and Thailand is 19.8 kilograms. Among them, the per capita consumption of man-made fibers in India is still very low, about 2 kilograms, compared with 12 kg in China and 11 kg in the EU.

In addition, the policy should strive to achieve textile and clothing The largest integration of small and medium enterprises will benefit the economies of scale in the global supply chain. Another important aspect of the policy is to increase energy efficiency and reduce emissions from the textile industry. To this end, the industry will need more technical support.

In addition, the India Federation of industry and Commerce said that the policy should also be committed to the localization of high-tech textile equipment. At present, industry depends to a large extent on imports of machinery and equipment. The government needs to provide technical support and efforts to encourage domestic production of innovative equipment and machinery.

In order to eliminate the impact of the economic crisis on the textile sector, we should maintain coherence in some policy measures so as to maintain stable growth in the long term development of the textile sector.