Is the Indian textile sector ready to capitalize on backlash against China?
According to sources the textiles sector is gearing up to make the ‘atma nirbhar (self reliance)’ path a success, keeping in mind that no nation can fully isolate itself from the world economy. Many textile manufacturers are relocating their manufacturing bases outside china and are searching for new emerging markets. As we are competing with other destinations like bangladesh, vietnam, turkey, countries in eastern europe, ethiopia, mexico and other Latin American countries the indian textile industry, in coordination with Central and state governments, is taking many steps to remain competitive, including labour reforms. We are developing world class systems and procedures to give confidence to investors. The Textile Ministry, therefore, has facilitated the operations of indian exporters with global buyers/ suppliers in consultation with overseas indian Missions.
For example, a japan quality standard desk has been set up at the Textiles Committee office in mumbai to address issues relating to quality and compliance by exporters to the Japanese market. This desk will also provide third-party physical verification, capacity evaluation and foreign buyer inspection services to Japanese customers.
Moreover the government has also allowed the export of non-medical/non-surgical masks made of cotton, silk, wool, polyester and nylon, among other materials, and is considering allowing exports of PPEs (with quantitative restrictions).