ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Bhawna KakkarSubscribe to Bhawna Kakkar

How FPIS and MITRA Scheme Will Be a Game Changer for India’s Textile Sector

Despite showing promising prospects, India’s share in global textile exports is sliding consistently. This paper highlights the current global exports scenario and the key challenges in the Indian textile industry with an emphasis on changing global fibre consumption trends towards man-made fabrics. Global trends in overall textile exports indicate a shift towards apparel made of MMF (50%), while the share of the same in India’s textile exports is very low at around 20%. Currently, MMF dominates global textile fibre consumption with a 72:28 ratio, whereas India’s domestic fibre consumption ratio is presently 40:60—40% MMF and 60% natural fibre. Taking the global fibre consumption of MMF and natural fibre as a base, this paper analyses how the production-linked incentive scheme for MMF and technical textiles can contribute in increasing India’s share in global textile and apparel exports. Further, the role of the Mega Investment Textiles Parks scheme in positioning India as a fully integrated, globally competitive manufacturing and exports hub is analysed.

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