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Technical
prescription
No
doubt, the textile industry is passing a difficult phase. But there
is always way out. Only thing that is required at this time is the
proper implementation of strategies. India in particular has got
a huge domestic market and that could provide a sustainable demand
in the long run.
The industry will have to build a cost-efficient and competitive
production base. This will call for not only investing in technology,
but also selecting a business that can provide improved returns
in the future.
Towards this end, the industry will have to move up in the value
chain. Besides, there is need to break the shackles of producing
commodity textiles and start the production of value-added textiles
like technical textiles.
Harinder Singh, Chandigarh
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