Indian Federal Textile Minister: Sluggish export of textiles is only a temporary phenomenon

India is one of the emerging important outsourcing centers because India has a competitive advantage. Compared with other countries, India's advantages lie in relatively cheap skilled workers, design experts, extensive textile products, and large-scale production of raw materials and yarns. base. Problems encountered in export will be quickly resolved. The rupee's appreciation of the US dollar, which caused the textile export trade to falter, is only a temporary phenomenon.

Indian Federal Minister of Textiles E. V. K. S. Elangovan promised that the problems encountered in the export will be quickly resolved, and that the rupee’s appreciation of the US dollar, which caused the textile export trade to be sluggish, is only a temporary phenomenon.

He spoke at the forum of knitted apparel exporters, buyers and procurement agencies organized by the 25th Indian Knitting Trade Fair that opened on Tuesday and said that the government attaches great importance to this issue.

The increase in production costs, such as electricity and services, has severely weakened the competitiveness of the Indian textile industry. The increase in interest rates has slowed the pace of expansion and modernization of production capacity. Declines in production and exports have in turn led to a decrease in job opportunities.

He called for the textile industry to address major shortcomings such as infrastructure problems, increase productivity and efficiency, introduce high-tech and advanced machinery, attract investment, and conduct manpower training.

He also stressed that entrepreneurs must seize new areas, such as technical textiles. He highly praised that the Indian garment industry can accept large orders or small orders for high value-added products. He demanded that the garment industry should turn its attention to new markets, such as Latin America and Russia, and seek continuous development.

At the same time, he also hopes that the garment industry will focus on developing its own market.

He said that India is one of the top five garment exporting countries in the world, and several other countries are China, Turkey, Mexico and Bangladesh.

Elangovan said that India is one of the emerging outsourcing centers because India has a competitive advantage. Compared with other countries, India's advantages lie in relatively cheap skilled workers, design experts, extensive textile products and raw materials, yarns, etc. Large-scale production base.