The Indian Textile Industry: MFA Abolition and Its Impact

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The abolition of the MFA quotas on 31st December, 2004 opened new frontiers for the Indian textile market. The agreement signified a major reduction in import tariffs and controls in a phased manner, over a period of three to seven years. This poses a major competition from the EU and US textile producers as they are enabled to get a greater access to the Indian textile market, leading the industry to be prepared to face a stiff competition from both developing and developed countries. Indiaâ€™s textile industry, at present, is poorly organized by virtually any standard. It may probably succeed in being the major domestic provider of products in the textile market. But, it is expected to face a difficult time in the international market, moving up the value chain.

ABOUT THE AUTHOR Keka Lahiri

Keka Lahiri is an MBA from Calcutta University with specialization in Marketing. She has around ten years of experience in industry as well as academics. At present, she is working as a Consulting Editor Icfai Business School Research Centre, Kolkata. She has exposure in various areas like Sales and Marketing and Customer Service, especially in the area of Services Marketing. Her research interest lies in various issues of services marketing and HR policies and practices in the service industry as a whole.