India Intelligence Report
 

Textile to reach USD 40-50B in TN

 

A Confederation of Indian Industry study predicted that the textile industry in Tamil Nadu (TN) would earn USD 40-50 and employ 5 million new workers by 2015. The ?apping of Human Resource Skills in Tamil Nadu 2015? study said that textiles is one of the major growth engines of TN with 40% of major spinning mills churning out 33% of India? yarn. The industry was growing at 12-13% Compound Annual Growth Rate (CAGR) and will ultimately employ 9.5 to 10 million people by 2015. 

TN is also a leader in spinning, weaving, knitted fabric, and apparel segments. While spinning and weaving are capital intensive with low-labor input, knitting and apparel stitching requires a high labor input and low capital. Introduction of newer technology, increased competition, better supply-chain management practices, and relaxed laws will positively impact productivity. 

While it may be argued that the textile industry lacks such talent, it can also be argued that these core skills are missing in almost all new graduates across the board. The education system forces students to memorize without understanding, obey without questioning, and operate without thinking through issues. These forced habits are stopping otherwise smart students to grow internationally. Oftentimes, companies have to unlearn candidates of these bad habits and teach them the right way of working. 

The government should focus on instilling these values and learning into the curriculum to empower the industry to grow faster and be more competitive internationally.

 
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