The South Asian Textile Industry: An Analysis

Context

South Asia – A major player

• South Asia became a major player in the global textiles and clothing market with the onset of the third wave of global production.

What the editorial is about?

• The prospects and challenges the Indian textile industry is facing.

Bangladesh sets an example

The civil war in Sri Lanka

• Bangladesh joined the league in the 1980s, owing to the outbreak of the civil war in Sri Lanka.

Supportive industrial policy

• Supportive industrial policy was an instrumental factor in the 1990s, with zero duty on raw material and capital machinery, as access to global markets led to the industry’s boom.

Indian labour costs

• Bangladesh overtook India in exports in the past decade as Indian lab