Textile sector losing its sheen in Gujarat :Study


PTI | 06:11 PM,Nov 10,2011

Vadodara, Nov 10 (PTI) The textile manufacturing industry, the largest employer in Gujarat, after agriculture, is slowly losing its sheen in the state, according to a research study by Knight Frank India. The report provides extensive scenario of states of Gujarat, Maharashtra, Tamil Nadu, Andhra Pradesh and Karnataka that are identified as leaders in manufacturing capabilities. According to the study, released recently, the textile industy employs close to two lakh people accounting for 18 per cent of total manufacturing workforce in Gujarat. The share of textile in the state’s total manufacturing output has come down to 6 percent from 12 in the last ten years, it said. It further said that even the number of factories has decreased by 22 per cent to 1,523 from 1,957 a decade ago. This is in sharp contrast to Tamil Nadu where the number of factories in textile sector has increased by more than 1.5 times in the last 10 years. According to the Knight Frank Output Specialisation Matrix, textile is placed in the ‘Lost Opportunity’ quadrant meaning that the state is losing its specialisation in the sector compared to rest of India. Talking to PTI today, Dr Samantak Das, National Head, Research, Knight Frank India said, “The erstwhile textile hubs of Ahmedabad and Surat are gradually losing out to Tirupur and Coimbatore in Tamil Nadu. Going forward textile sector output will grow annually by 12 pc in next five years. However this will still be lower than Tamil Nadu’s 14 pc growth,” Das said. He however said the loss of textile in the state will be compensated by gains in emerging sectors such as Automobile and Engineering. “Gujarat has attracted huge amount of investment in the Automobile sector with companies such as Tata Motors, Peugeot and Ford setting up large production facilities in the state,” he said. (MORE) PTI COR DK DK

Ref:-http://ibnlive.in.com

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