Given how little we have achieved despite having the potential.
Saddens me that we have only one large garments cluster named Tiruppur.
Rest are too insignificant.
Garments industries generate mass employment and spawn ancillary/supportive industries too.
Sadly successive governments & Tiruppur lobby has kept competition out of the picture.
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Countries are chasing textile & apparel exports for numerous benefits. Here's the list of top exporting countries in the world for textile & apparel industries.
www.fibre2fashion.com
Despite all the big talk, having so many NIFT's, textile industry etc, the local industry is still not competitive on a global scale.
Chinese companies like Shien and others are eating into the daily clothing market share of medium to large brands too in US followed by Europe.
When will we wake up from our '5 trillion dollar economy day dream'? People and governments(Central & State) need to really move ass if that ceiling has to be breached. The general lethargy among local governments is terrible. Add hafta vasooli by goons and govt, it remains a challenge.
Govt. is more interested in FDI.
Without labor reforms and curbing blackmail by unions, its difficult to hit that USD 5 T mark. Unions are trying hard to get a major foothold in the IT services sector too...I hope reservations are not forced upon the pvt sector next.