Natural Fibres – Vital Components Of Textile Industry – News & Society

Weakness • Industry lacks communication and infrastructure • Lack of co-ordination between Indian manufacturers-exporters and Government • Inadequate data available on new technology • Industry remains to be confined to rural areas of the nation • No promotional support is given to the sector Opportunities Emerging demands of Indian crafts throughout overseas • Development of retail sectors and altering lifestyles supply big necessities of such merchandise • Rise in the industry is because of development in tourism • Internet has emerged as a mean to develop its market network Threats • Increasing competition in home markets • Quality merchandise manufacturing by nations like South Africa and China • Better commerce terms are providing by these countries • Competing nations offer higher technological assist and R&D growth amenities • Challenge to determine balance between demand and supply of high quality merchandise The reason why Indian art and craft is highly appreciated and continually flourishing in home and foreign markets are as a consequence of its utilitarian nature and excessive acceptance among people of India and other people across the whole world. J and W Wyatt patented such a system in 1760. The lack of thread standardisation made fastener interchangeability problematical.

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