Venkaiah Naidu, Vice President of India, has said that the Indian apparel exporters must aim to capture double-digit share of the world apparel market from its current level of 5-6 per cent through upskilling and use of latest technologies.
Addressing an event, he said, “We should soon aspire to reach a double-digit share in export of fabrics with proper encouragement and branding.”
He insisted that skilled manpower, more than cheap labour, should be Indian apparel manufacturing industry’s strength.
He further added that the sector should ponder over the reasons why India, despite being the leading producer and exporter of cotton, jute, silk and MMF yarns, lacks the competitive edge in fabrics and apparels when compared to Bangladesh and China.
“They are the biggest buyers of Indian yarn. They add value to it and sell the fabrics and apparels at a lower cost than India. This is largely due to the unorganised and dispersed nature of the weaving sector in India. We need to have more Tirupurs,” he said.