From Quora —
Amit Yadav
After agriculture, textile is the second largest employment generator in India. However, the industry is decentralized (and hence unable to bear the international competition esp. from Bangladesh and Vietnam).
Positive :
- it is labour-intensive industry (and India has availability of skilled labour for textiles and that too at low-cost)
- Demand for textiles is increasing at the domestic as well as global level
- dominated by women workers (70%). So, development in the textile industry = women empowerment
- availability of input — cotton, silk, etc.
Negative :
- stiff competition from other emerging players in textile industry globally
- capital-intensive and the need of overhauling the old machinery and adopting new technology
- marketing and brand building
Zigma Fashion PVT LTD 