Ishan BhatnagarAIR 5 · CSE 2025 · 167 wordsTheir whole copy
Opening · a figure
India's textile industry employs about 45 million people and produces a large volume of textiles. However, it is being out-competed by industries in Vietnam, Bangladesh and South-East Asia.
Body · points
Challenges hindering the Indian textile industry
1.> Lack of modernization : Fragmented industry with outdated machinery
2.> Out of touch with global trends : customisability, merchandise and IP integration - eg> marvel T-shirts.
3.> High costs of production: logistics and electricity costs are high.
4.> Countries like Bangladesh have more favourable policies for the textile industry. 5.> Lack of branding and marketing support. 6.> Lack of well-defined USP. 7.> Focus on low value components of creating yarns and fabrics.
Way forward
Close · a way forward
1> Create fund for textile modernization: subsidize new machinery. 2> Provide consultancy services and market inputs to better align supply with demand. 3> Focus on incorporating traditional fabrics and patterns and create "fusion-wear". 4> Reduce production costs in logistics and electricity. 5> Enhance ease of doing business.
These steps will lead to a robust and competitive textile industry.