India is on a fierce race to become a more dominant player in the U.S. home textiles industry post-2004, but some experts say it may need to do more to get there. Experts said the industry is expanding rapidly, with investments in home textiles in the next two years expected to reach $1 billion. Exports in this segment are also counted on to grow at the rate of 25 percent per year. However, experts believe that issues on capacity increases, state-of-the-art facilities, and backward and forward integration need to be addressed to help India realize its export growth potential.
|