Rea­sons

Perfect Sourcing - - Market Pulse -

The In­dian gar­ment in­dus­try is pri­mar­ily unor­ga­nized and the re­lated con­straints have plagued the in­dus­try for decades. In the ab­sence of ac­cess to tech­nol­ogy and any fi­nan­cial sup­port from the gov­ern­ment, the gar­ment man­u­fac­tur­ers are un­able to trans­late their busi­ness into an or­gan­ised largescale ven­ture.

The ex­perts within the in­dus­try also claim a de­cline in the prof­itabil­ity as the sec­tor vis­i­bly reels un­der high raw ma­te­rial prices, de­mand pres­sures, and cur­rency move­ments.

The in­dus­try also feels that the with­drawal of cer­tain tax ex­emp­tions and fis­cal ben­e­fits ear­lier granted by the Min­istry of Fi­nance have al­ready ad­versely af­fected the ex­port per­for­mance and re­duced com­pet­i­tive­ness of In­dian gar­ment ex­porters in the in­ter­na­tional mar­ket.

In­dia needs sig­nif­i­cant struc­tural changes in pol­icy frame­work in or­der to max­i­mize its ad­van­tage, given the avail­abil­ity of hu­man re­source and huge tex­tile based in­fra­struc­ture, al­beit com­bined they have been able to con­tribute not even over 5 per cent to gar­ment ex­port. The cir­cum­stances in­di­cate at the in­dus­try’s un­der­per­for­mance.

In­dia needs sig­nif­i­cant struc­tural changes in pol­icy frame­work in or­der to max­i­mize its ad­van­tage, given the avail­abil­ity of hu­man re­source and huge tex­tile based in­fra­struc­ture, al­beit com­bined they have been able to con­tribute not even over 5 per cent to gar­ment ex­port. The cir­cum­stances in­di­cate at the in­dus­try’s un­der- per­for­mance.

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