India’s textile exports to the UK and the European Union (EU) will increase by 30-40% in the next 15 months due to the recently signed trade agreements, says Sharad Jaipuria, Chairman, Denim Manufacturers Association (DMA). In an exclusive chat with The Economic Times Digital on the sidelines of Gartex Texprocess India in the capital, Jaipuria, who is also the CMD of Ginni International Ltd, discusses the growth potential of India’s textile industry, including denim, in the context of recent FTAs. He also emphasises the importance of skilling for the industry to maintain a competitive edge. Edited excerpts:
The Economic Times Digital (ET): India has the world’s second-largest denim manufacturing capacity after China. What gives India an edge in denim today, and where do you see the biggest opportunity for the industry going forward?
