The Indian textile sector which employs 90 million people directly or indirectly today desperately needs huge investments in latest machinery, R & D, innovation, Free Trade agreements with European Union, FDI, Joint Ventures (JVs), and stable government policies, if it has to grow to its true potential. 60 % of what is bought today is non - cotton, synthetic and man - made fabric. Hence both Indian textile industry and the government should also change focus from cotton yarns to synthetic fabrics to be globally competitive.
The report "India : An Attractive Investment & Sourcing Sestination" was released at TEXCON'13 held on 19 July 2013 at New Delhi.