March 16, 2017, in the Shanghai International Convention and Exhibition Center grand 2017 China International Textile Fabrics and accessories (spring and summer) Expo is held in full swing. In the meantime, the theme forum, led by Siddhartha Rajagopal, executive director of the TEXPROCIL, India Cotton Textile Export Promotion Council, opened the lecture on Concept 5.2.
According to the China Garment Network reporter learned that the home forum around the "India: Global Textile Manufacturing Center" to discuss, covering India's market information and marketing strategies to seize the global textile and garment industry a new round of technological change, and opportunities to promote India and China and other international relations of cooperation.
Siddhartha Rajagopal briefed the audience on the overall profile of the country in India, saying: "India, as the world's second largest city population, is a very young country and grows rapidly. We are growing and growing in 2025, Hit five hundred and fifty million, and the economy grew by 6 percent a year, while the purchasing power grew, and the stability of the policy made it worth the investment.
In addition, Mr. Siddhartha Rajagopal in the form of a chart to the audience to explain India's textile industry to contribute 5% of the total GDP, export share is reached 15%. Of which 70% of the workforce are invisible, so overseas capital will have a lot of opportunities to promote marketing through distribution. Indian fabrics in 2016 totaled $ 3.8 billion, of which 1.9 billion cotton.
In terms of equipment, Mr. Siddhartha Rajagopal tells that India has a lot of hand-spinning machine, clothing is also known as the world, becoming one of the investment hot spots. And as the second largest country of artificial silk, India has a complete industrial chain, to meet the growing domestic demand situation.
India's textile industry is the advantage of the industry to maintain a high level of trust, and now the state is also constantly giving women the right to work with the community to improve people's material life. The key is India's efforts to protect resources to achieve sustainable growth and produce quality products. He said: "At present, India has become the second largest textile and garment exporting country after China, so that h & m, zara, including a number of fast fashion clothing brand to India to purchase.
Mr. Siddhartha Rajagopal made a comparison of India's strength with China, pointing out that both sides have their own strengths and needs to be further complementary. China, as an advanced trade producer, imports 1.6 billion dollars a year from India, accounting for 7.1%, India imports 2.4 billion from China, accounting for 40% of all. China imports more raw materials from India, and India's imports of Chinese finished products, in the future to solve the trade deficit can make China more investment in India.
At the same time China's dependence on India is relatively high, whether it is yarn fiber, raw material supply. On the other hand, China's labor costs are rising, the degree of automation is high, we can in the textile machinery, design brand development investment. In particular, India's investment industry is relatively friendly, with manufacturing advantages, China can be India as a manufacturing base, and South Korea and Japan have a very good relationship, and South Korea have a tax-free agreement, duty-free exports.
In addition, the Indian workers are more professional, we are constantly improving the technology to the highest occupancy to complete the order. The manufacturing machine is efficient and year round, which greatly reduces the cost.
India is the producer of the second largest cotton, and Mr. Siddhartha Rajagopal hopes to export cotton to other countries, including fiber-to-products from the whole industry chain. India's prime minister invites Chinese manufacturers to come together to explore more Business opportunity!