Mills Online - Selling Stocklot Wasn’t So Simpler Earlier

It has been quite some time now that technology has taken over in our lives. Connectivity whether it is through the internet or the mobile platform has taken a huge leap, and boundaries seem to wither with each passing day. 

The Online Solution To Stop Fraud In Textile Market

With more monetary freedom at one’s disposal, global consumerism is on an upswing. For the consumer fraternity, the textile market and apparel industry have been amongst the favorite sectors to shell out the bucks. The shift in demographic preferences can be easily figured out from the emerging market trends highlighting the global demand for apparels and the corresponding market competitions in place. The textile industry is representative of a variegated spectrum of activities ranging from cottage spinning and weaving sector at one end and capital intensive mills at the other.

Is The Internet The Right Stimulus For Indian Textile Industry?

India, the second-largest producer of textiles and garments, has been eyeing to be a sourcing hub, riding on the back of a skilled labor force and opulence of cheap raw materials. With Indian Textile Industry accounting for a quarter of the global spindle capacity, its potential size is speculated to reach US$23 billion by the end of this decade.

Being the second largest employment generating sector in the country after agriculture, Textile Industry has got a huge bearing on the country’s economy. Hence, a holistic development of this sector is imperative for GDP expansion. Infusing the right kind of technology with this industry is definitely the roadmap to tap the entire market potential.