India is the world's largest producer of jute. It ranks second in cotton, cotton yarn, silk and cellulosic fibers. At one level this abundant supply of raw materials gives India the competitive advantage but the fundamental problem is price volatility.
Realizing the heart of this sector is the artisans, the government through various schemes has provided financial assistance ranging from Rs 1 lakh to Rs 10 lakh to various institutions to upgrade the artisan skills via design and technology intervention.
India is the largest producer of jute in the world employing over 4 million people. Being eco-friendly and biodegradable the government had encouraged this sector by providing incentives.
The Indian clothing industry holds an important position in the Indian economy. This sector has been growing at a CAGR of 10 percent from Rs 126000 crore in the FY07 to Rs 202600 crore in FY13.
The Indian textile industry is meeting the compliance challenges very smoothly. Its initiative DISHA or Driving Industry Towards Sustainable Human Capital Advancement launched by AEPC has encouraged apparel exporters to follow better social practices.
At Textile Conclave 2013 the topic for discussion were the reasons why Indian textile industry ought to be competitive, the reasons why India‘s textile industry should beat China and become the number one textile provider and textile destination in the world.