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However, FDI is quite slow in the coming for now. A recent study conducted by CITI echoes the need of at least 35% investment from FDI out of the total investment in the textile sector. “In China, out of the total FDI, 15% FDI is for textile industry alone, while in India, textile industry’s share of total FDI is a mere 1.3% FDI is required for value addition in export and also JVs with foreign companies’ help to have an edge in the home market,” reasons, Shisir Jaypuria, President, Northern India Textile Mills Association. But with Textile Ministry allowing 100% FDI in 2006, things should change. Assures, Sumeet Yadav, VP, Arvind Brands, “More and more foreign brands are going to come in and textile industry is going to witness more JVs this year.”

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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