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Saturday, March 16, 2019

Textile sector decides whether India will win by doing whatever it takes, or fails despite doing everything possible. India is not out yet:

1. Step up work productivity and cost reductions.
2. Formalize, scale up units to optimal size.
3. Skill workforce, pay higher wages or benefits for better productivity.
4. Locate to minimize logistics and form production clusters (sharing jobs, skills, contract work, infra).
5. Partner with Govt and States for lowering CapEx and Opex.
6. Industrial collaborations so multiple suppliers contract to clusters of MSMEs, that have achieved 1-5.

> Skill program of Govt
> Housing program of Govt
> Low cost loans for rapid expansion
> Energy efficiency procurement of power ministry
> Textile technology upgrade program (grouped procurement poss)
> DIPP export incentives.
> Port-led industrialization; or centred on air, rail or waterways.
> Swachh Bharat mission for help in pollution control
> Competitive power tariffs policy (not subsidy) of States
> Assured water in exchange for cluster recycling of solids and water.

Key industries for Industrial new jobs creation
- Textiles
- Food Processing
- Electronics and IT
- Shipbuilding
- Defence
- Mining
- Infrastructure
- Heavy industries
- Auto

India’s knitwear capital Tiruppur takes on apparel leaders China, Bangladesh


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