India lacks skills necessary to exploit the potential of the textile sector in the world market, especially in technical textiles. This was stated by G. Somasundaram, Head, Industry Linkages (Skill Development), Infrastructure Leasing and Financial Services Cluster, Bangalore while addressing a one-day workshop on Fashion Business-Emerging Opportunities - Indian Garment Industry.
The Cotton Textiles Export Promotion Council (TEXPROCIL) urged the Government should consider giving additional benefits to the downstream Garment & Home Textile sectors so that they can tide over the temporary crisis rather than seek imposition of a tax on exports of Cotton Yarn.
Garment exports from India to the US, the European Union and Japan are likely to pick up in months ahead on the back of improvement in their retail markets, Confederation of Indian Textile Industries (CITI) General Secretary D K Nair said.
Amid apparel industry's demand for government intervention to prevent rising yarn prices, Union Textile Minister Dayanidhi Maran said the government will take measures to protect the handloom and garment manufacturers.
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