The textiles ministry on Wednesday said the domestic industry should take advantage of the huge USD 20-billion space vacated in the global apparel market by China, which is going through a tough time following outbreak of the deadly coronavirus.
Addressing a symposium on emerging opportunities for Indian textiles, Textiles Secretary Ravi Capoor said domestic textile exports have plateaued during the past 5-7 years, which is a "very worrying proposition for the government".
"India should step in at this stage to take the advantage although not a good way to project ourselves but every crisis has its own silver lining and I think while we are with China with all our emotions and financial, political and diplomatic help but still there appears to be a big economic opportunity which is coming up our way," he said.
In this background, Capoor said it would be the right time to bring the industry together and have a small dialogue to "see how the industry associations are prepared for this ..
