A relook at textile industry

If Indian textile and clothing industry's performance in the last decade has to be described in a single phrase, it could be 'unfulfilledpromise'. At the beginning of the last decade, there were several reasons to be extremely optimistic about the prospects of this vast and critically important industry. After nearly two decades of pernicious licensing and fiscal policy distortions, the government was poised to liberalise the highly-fragmented textile sector and give the mill sector in particular a level playing field.

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