Financial Daily
from THE HINDU group of publications
Thursday, August 16, 2001
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Financial Daily from THE HINDU group of publications Thursday, August 16, 2001 |
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Garments industry
A. Jacob Sahayam, Karigiri
Ready-made garments are an important part of India's exports. Yet, it is unfortunate that it is lagging behind many countries in pricing and quality. At the same time, China has emerged the world's garment producer and exporter. Now the nation is facing
`A readymade competition from Thailand' (Business Line, August 12). Their garments are also superior to Indian garments in pricing and quality.
The abolition of the Multi-fibre Agreement (MFA) in 2004 that seeks to create a competitive environment by phasing out the quota regime governing exports from various countries, is hanging over the economy.
So, enhancing tariff on imports or such other measures will have no use. The industry and the Government have to be prepared to face competition. Why not start now?
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