Technology upgrade, scaling up volumes would make textile exports competitive, says former Finance M

Technology upgrade, scaling up volumes would make textile exports competitive, says former Finance M

Technology upgrade and scaling up of capacity will have to be the way forward for addressing India’s stagnancy in exports of textiles and apparel, former Finance Minister P. Chidambaram said in Coimbatore on Wednesday.

When India could demonstrate its technological progress in space and nuclear technologies, there was no reason why the country should not invest in developing the labour-intensive garments industry which was next only to agriculture in employment generation, the former Finance Minister said, taking part in a discussion hosted by All India Professionals’ Congress.

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