POISED FOR A GIANT LEAP

ndia has been one of the most prominent exporting countries in textile and apparel. But its rank in apparel export registered a steady fall ever since 2008 as it faced several disadvantages such as restrictive land and labour market of the country, high power cost, difficulty in accessing credit for taking up projects resulting in operation of low and sub-optimal technology. The Ministry of Textiles has mounted all-out efforts to overcome these challenges and help India regain its historical position in textile and apparel market. It is targeting at exports worth more than USD 44 billion out of the country’s total exports' target of 400 billion. The target does not seem afar cry in view of the fact that now there is a good demand for Indian textile products in the countries like USA, UK and European Union. Some of these countries that were basically sourcing from China, are now very keen to source from India. So, the Indian textile industry is poised for big growth. How did this turnaround