The textile industry in India was set to grow by USD299 billion by the end of this year. This could further be improved if a proper supply chain is implemented and innovative manufacturing techniques are discovered.
Despite the pandemic and uncertainties about life, in general, are looming on the horizon, textile industry has been granted a boon in disguise. And the need for medical protective gear is increasing manifold.
Many countries have started looking for alternate suppliers because of the pandemic. This has opened a huge playfield for India. Though the overall production and consumption of apparel has come down in the domestic and international arena, there is still hope for the textile industry in India. A study claims that one in five people under 45 are treating themselves to shopping during this COVID time.
A number of countries around the world, such as the USA & Japan, have decided to look for alternate production sources and India should capitalize on this situation. Presenting itself as the next stop for sourcing quality products will help boost exports. Standing out from competitors like Bangladesh, Vietnam is essential to secure a long-lasting trade with foreign countries.
As of now, India relies heavily on foreign countries for raw materials and machinery. The recent Chinese ban has left the textile industry dearth of various raw materials and machinery. This should not be the case. India must strive to be self-dependent and in the meantime, look for sources in a variety of places.
The government can help boost this by incentivizing manufacturers. One example would be to reduce the GST for homemade products which stands at 12%, on par with imported products.
Many manufacturers have already adapted to the current needs and are in the process of producing medical protective gear. With face masks being made mandatory all over the world, the demand is insurmountable. To create quality products and to retain the customer base, it is quintessential to stay one step ahead of the market. Garment disinfectant and antimicrobial clothing are going to be the game changers of tomorrow.
The world is moving towards hygiene and protection. This has shifted the brands’ needs and the capability to fulfill them would make the manufacturer a key player in the arena. In the days to come, the population is going to increase in the limited space, and protecting ourselves from another pandemic requires innovation and changes in the textile sector. By fulfilling the demands mentioned above and by innovating in the field of medical textile with respect to hygiene, India could become the leader in years to come.
"Image credit fabric for Freedom"