(GIST OF YOJANA) Crossing the Seven Seas [APRIL-2019]
(GIST OF YOJANA) Crossing the Seven
Crossing the Seven Seas
India is a country of rich culture, history and traditions. It is
one of the major producers and suppliers of handicraft products in the world
for several decades.
During recent years, the importance of handicrafts has surged due
to its cultural and economic value. The small scale industries including
handicrafts play a major role in the development of the economy of both
developed and the developing countries equally. Handicrafts can be defined
as products which are produced either completely by hand or with the help of
The handicrafts industry of India essentially mirrors the aspects
of the age old civilization of India. No wonder the phrase ‘unity in
diversity’ is so applicable to our country. Each state has its unique
handicraft products which reflect the diverse nature of the Indian
The entire industry, being decentralized, is spread all over this
huge subcontinent, concentrated both in the rural and urban areas.
The Indian handicrafts industry essentially falls under the
cottage industry category. Despite this fact, it is a high employment
intensive sector, employing over 6 million part time and full time artisans
of the carpet manufacturing sector), including women and a large section
from the weaker strata of the society.
Besides being an employment generator, the handicraft industry is
economically viable, because of low capital investments while the potential
for export of the various handicraft products is considerably high. Hence,
it is an important foreign exchange earner for our country.
Indian Textile Industry
The Indian Textile industry is one of the largest in the world
with a large raw material base and manufacturing strength across the value
chain. India is the largest producer and the second largest exporter of
cotton in the world.
India is also the leading consumer of cotton. Domestic textile and
apparel industry contributes 2 per cent to India’s (IDP and accounts for 14
per cent of industrial production, 27 per cent of the country's foreign
exchange inflows and 11 per cent of the country's export earnings.
The textiles and garments industry in India that employs 45
million people is second only to the agriculture sector in terms of
employment. The textile sector in India is dominated by women workers, with
70 per cent of the workforce being women. In (lie Indian textile and apparel
sector, the sub sectors of weaving, processing and garmenting are fragmented
and lack the requisite scale for success in global markets.
Most of the manufacturing units have small capacities and low
manufacturing efficiencies which make it difficult for them to compete in
India enjoys a unique advantage of having abundant raw materials
and presence of manufacturing in all segments of the textile value chain.
The time has come for the industry to discard outdated technology and
modernize its machinery to be globally competitive.
The industry needs to focus on innovation and value addition for
improving global competitiveness of Indian textiles and apparels Innovation
such as promoting waterless dyeing by adopting new technology is also
needed We have to come up with innovative and exclusive products it we have
to expand our footprint in the global arena The continued growth and global
competitiveness of the textile' industry can drive the economy to new
However, the sector also need' to improve supply chains and
internal systems, focus on research and development, cost optimization
(saving cost by vertical integration, etc.) and scaling-up to achieve
competitiveness and command a higher share in the production and
export of top items traded in global markets.
The industry has to rise to the occasion and ensure that the share
of India’s exports increases by diversification in products and explore
Quality has to be the mainstay for India to sustain exports in the
global market especially when we are facing stiff competition from countries
like Bangladesh and Vietnam.
With rising income levels and steady growth of the retail
industry, the textiles sector is expected to experience a high growth
trajectory in future due to strong domestic consumption as well as
increasing demand in global markets.