In The Past 10 Years, Cotton Textile Industry Has Become Increasingly Competitive, And India Has Expanded Its Global Market Share.

< p > in the past 10 years, the "a href=" //www.sjfzxm.com/news/index_c.asp "India cotton textile industry < /a" has increased the competitiveness of the six competing countries (including China, Bangladesh and Thailand) to help India expand its global market share.

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< p style= "text-align: center" > img align= "center" border= "0" alt= "src=" /uploadimages/201307/30/20130730090940_sj.JPG "/" < < >.

< p > the study is entitled "India's cost benchmarks for Bangladesh, Indonesia, Egypt, China, Pakistan and Turkey", which reported that India's competitiveness in technological upgrading, production costs and exports increased.

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According to a study commissioned by the government sponsored Textile Export Promotion Organization (P) and the Cotton Textile Export Promotion Council (TEXPROCIL), India's global market share increased from 3% in 2002 to 4% in 2012 due to the improvement of competitiveness.

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< p >, but still far below China's market share of more than 30%.

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< p > reported that India exported 32 billion US dollars in 2012-13 years.

Due to the improvement of India's industrial competitiveness and the full support of the government, exports can double in three years and create tens of millions of job opportunities.

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The factors that help P enhance its competitiveness include: easy access to technology renewal funds under the technology renewal fund scheme, and the government's export incentives again and again. India

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< p > strong > pparent policy < /strong > < /p >

Manikam Ramaswami, chairman of the cotton textile export promotion committee, issued the Research Report on Thursday. He said that if the government launched a policy of pparency in the market, it would clearly tell the market of India Cotton Corp that the number of purchases could increase substantially.

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< p > this report also highlights this problem.

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< p > the report said: "in recent years, the policy contradictions in the intervention policy led to the distortion of the overall performance of < a href=" //www.sjfzxm.com/news/index_f.asp > > the textile industry < /a >.

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< p > interestingly, the India rupee depreciated against the US dollar in the past 10 years, playing a significant role in the competition between India and China, because the renminbi appreciated against the US dollar over the same period.

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According to the P report, India is expected to substantially increase its global trade share by improving its competitiveness in China. At present, India's share is only 4%, while China's share is 30%.

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< p > the report said: "China's market share will be reduced by 10%, which will provide India with an opportunity to double exports.

If India's industry is more competitive, India can easily pfer China's < a href= "//www.sjfzxm.com/news/index_cj.asp > textile market < /a >.

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