INDUSTRIAL DEVELOPMENT UNVEILED: DYNAMICS, CHALLENGES AND PROSPECTS IN INDIA'S TEXTILE AND APPAREL INDUSTRIES    

Authors : Diwakar Pratap Singh, Dr. Indresh Pachauri, Shreya Saini Shweta Saini

Publishing Date : 2023

DOI : https://doi.org/10.52458/9788196830052.2023.eb.grf.ch-16

ISBN : 978-81-968300-0-7

Pages : 156

Chapter id : GU/GRF/EB/GIEDI/2023/Ch-16

Abstract : In recent years, India's textile and apparel sectors have experienced dynamic transformations driven by both domestic and global factors. A growing population, rising disposable incomes, and changing consumer preferences have boosted domestic demand for textile and apparel products. Additionally, government initiatives such as "Make in India" and favorable policies have further incentivized investment in the sector. As a result, India has emerged as one of the world's leading textile and apparel exporters. However, the industry faces a range of challenges. These include stiff competition from other low-cost manufacturing nations, fluctuating raw material costs, and the need to upgrade and modernize infrastructure and technology. Environmental and sustainability concerns are increasingly important, with a focus on reducing the environmental footprint of textile manufacturing. Labor issues, including fair wages and working conditions, also remain on the industry's radar.

Keywords : Employment Generation, Make in India, Sustainability, Infrastructure.

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