From the Editors Desk  
Editorial
2017 was a challenging year for textile industry on several accounts especially on demonetization impact and GST implementation. Productivity and export both went down during 2017 and the much-awaited new National Textiles Policy is yet to see the light of the day. We had missed the export target which was set for 2017. From January to June, we were struggling to cope up with demonetization, and thereafter GST bomb was exploded by the Government. The hangover of 2017 will continue in 2018 also. Therefore, 2018 would be a challenging year for textile and garment industry as the demand of indigenous products is increasing in USA and Europe which are our major export destination and at the same time, we are facing stiff competition from countries like Vietnam and Bangladesh which enjoy an edge over India. At this juncture, a comprehensive national policy is the need of the hour, to give a push to exports from the sector, which have remained stagnant for the past four fiscal years.  Recently, the Government has approved the Integrated Marketing Plan for textile and apparel sector calls for “greater convergence among various agencies and to tap new markets through focused trade promotion activities such as B2B meetings, exhibitions, roadshows, etc”. under which new destinations have been identified as target markets for textile export and planned to showcased through exhibitions to increase their visibility and exports. Although this is not sufficient to boost the export, we could say that this is a good initiative, we need to exploit it with full of enthusiasm. With this hope that new year will bring many opportunities and turn all dreams come into reality. A very happy new year to all of our esteemed readers.
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