Apparel Industry Management

Apparel Industry Management 3(3+0)

Lesson 45 : FDI in Apparel

Reasons for Attracting FDI in Indian Textile Industries

• The size of the Indian textile industry is huge.
• Performance of this industry has been consistent from the beginning to till.
• Availability of the ski lied labor in India is comparatively cheap in other countries.
• The India's FDI policies are flexible among all the developing countries.
• There is no limit on foreign direct investment in the textile industries.
• 100 % foreign direct investment permitted in textile industries.
• FDI is permitted via usual route and offering a trouble-free way of investment.
• These investments are not required to be approved by the government or the apex bank of India.
• The foreign investors are only required to make a notification to the regional office of the apex bank only after receiving the receipt of the remittance
• The development of Textile Industry in India the textile ministry has formed a special cell for attracting FDI in this sector.