By Rajiv Nair, Reuters|Posted September 26, 2018 07:58:06India’s textile industry is one of the fastest-growing in the world and is expected to grow by more than 5% this year.
The rise of automation has seen a sharp rise in job losses.
Some of India’s most popular garments are made in a factory in the capital, Delhi, that employs more than 1,000 people, most of them young women.
The garment industry in the country has grown rapidly since it joined the global economic order in 1999.
A worker is seen sewing at a garment factory in Delhi.
(Rupak De Chowdhury/Reuters)”The demand for garments has been increasing rapidly and we are expecting the industry to grow in the next few years,” said Rupak Nair of Kalyan, a leading Indian garment maker.
“There will be about 3,500 garment factories in India, the majority of them in the major cities of Delhi, Mumbai, Bangalore and Chennai.”
The rise in jobs at India’s largest textile factories is seen by some as a sign that the country’s economy is on the right track and is headed in the right direction.
A report from the Indian Institute of Technology-Delhi found that by 2021, the country is expected grow at a rate of 4.6%.
“The rise has been a great surprise,” said Ram Shriram Singh, chief executive officer of Kadyad, a maker of apparel for the clothing industry.
Singh said he expects that by 2020, the industry will have around 3,000 workers.
That will bring the total number of factories in the Indian economy to more than 4,000.
“We are not in a situation where we have a shortage of workers,” Singh said.
“We are seeing an explosion in demand for our products.
The demand has gone beyond what we were expecting.”
The number of textile factories in other countries has been on the rise as well.
The United States has a textile industry of more than 2,400, according to the United States Labor Department, while Canada has about 1,600.
India is also home to some of the largest garment factories, including the one in Mumbai, India’s second-largest city.
India’s biggest manufacturer of clothing, Turtak Garment, is in Bangalore, where workers at its manufacturing plant work on garments for companies such as H&M and Gap.
India’s garment manufacturing sector is booming, with more than $10.2 trillion worth of apparel made globally in 2020, according the Stockholm International Peace Research Institute.
The country is also the world’s largest importer of textiles.
But some experts say the growth in employment is slowing down.
“There is a growing sentiment that the industry is not yet sustainable and that is creating a new problem for the industry,” said Vishnu Shah, a textile analyst at Kalya Capital.
“This is the first time in recent history that a new wave of automation is taking place and it is not being taken into account by policymakers,” Shah added.
The garment industry is expected be a huge contributor to India’s GDP growth, according a Reuters/Ipsos poll released in January.
It will grow by 6.4% in 2020 and 7.4%.
The textile industry employs nearly 2 million people in India.
India has been trying to improve the lives of its poor through a series of measures that have included providing financial incentives to garment makers to reduce employment.
But some of these have come too late for the garment industry.
“The number one reason for the decline in employment in the garment manufacturing industry is the lack of training,” said Shah.
“Training is expensive.
It takes four years to get a degree.
The cost of a degree can run as high as $200,000.”
Singh, the chief executive of Karyad, said he had received advice from the government that there was a need for a more robust training programme.
But he said he was not convinced.
“I believe it is better to have a more comprehensive training programme to give more people the right skills,” Singh told Reuters.
“I am not convinced that that is going to be an effective way to get the workforce back to where it needs to be.”