India’s industrial textile industry has experienced a ‘critical moment’, according to an industry expert.
The sector is already struggling to find enough work to meet the demands of the population and has seen a sharp decline in the last two years, said Rajiv Kumar, professor of textile sciences at Tata Institute of Fundamental Research.
He said the industry faces a number of challenges in a rapidly changing global market.
“The textile sector is facing a number problems like low growth rate, high cost of raw materials, labour, environmental impact and a lack of demand for textiles in general.
The impact of these factors will be felt in the next few years.
But for now, we need to keep working towards achieving this,” he told the BBC.”
We need to improve our efficiency, get rid of waste and reduce the number of machines we use,” he added.
Industrial textiles, which employs nearly 40,000 people in India, is the largest employer in the country, according to a report by the World Bank.
The government has set up the National Industrial Textiles Development Board (NITDB), which is working on a national strategy to create jobs and create an economy that supports textile industries.
The board has also set up a new agency to work on industrial development in the coming years.
Industry experts say the textile sector, which produces about 40 per cent of India’s textile exports, has experienced rapid growth over the last few years, with the average growth rate of 1.5 per cent.
“Our textile industry is the main source of employment in the rural areas and also of economic growth for the country,” said Kumar.
“In the past few years the growth rate has come down from 1.8 per cent to 0.6 per cent,” he said.
The industry, which accounts for almost 40 per of the country’s exports, is still growing at a slower pace than other sectors in the economy.
“But the rate of growth is not slowing down and we are in a good position to meet our future requirements.
We are seeing a rapid increase in the number and quality of our products,” Kumar said.”
The industry is now in a critical moment because we have to find a solution for the high costs of raw material, labour and environmental impact,” he continued.
The NITDB has also launched a ‘smart textile’ initiative aimed at providing new technologies to help the industry.
The agency is looking to create ‘smart’ textile products, including fabric, textiles and textiles-based products.