Associate Professor, A S College, Khanna, India
Online published on 7 November, 2013.
The main focus of the study is to assess the competitiveness of the Indian textile and clothing industry in general and the textile industry of state of Punjab in particular.
The MFA has governed the world trade in textiles and garments since 1974 through imposing quotas, thus hampering the market access. The quota restrictions finally abolished in January 2005 (10 years Progressive phase out of ATC-WTO came to end on 31 December 2004). This marked a significant turnaround in the textile world as it poses both an opportunity as well as a threat. In order to respond to the changing scenario, by the Textile Industry world over, efforts are being made to sharpen the competitive edge. Today, in the global textile market, China is the biggest competitor of India besides other countries. It is therefore essential to identify the true competitiveness of Indian textile firms in order to cope up with the situation, favorably. Keeping in view the above cited facts, an attempt has been made to study the problems of the industry and to find the solutions to tackle the challenges before it. The review of existing literature& related issues, broadens the mental horizon and the vision about the implications. The paper crystallizes the relevant literature on competiveness along with other macro economic factors.
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