Textile Companies refer to those companies which are in involved in textile production. These days, the Indian textile companies are seeking to acquire growth, maintain their professional excellence and extend their footprint and access global markets. While their journey is not without obstacles, there is certainly a sort of rejuvenation in the textile sector, which was once declared and considered as an old economy debt-ridden sector.
Indian textile companies are forming overseas alliances to expedite the process of rejuvenation and expand their growth.
Overseas alliance to help move up the chain:
Many Indian textile companies have formed alliances with their global counterpart in an attempt to access global markets, acquire technological know ledges, design professional skills and getting branded and retailing ability. The strategic justification behind the alliances can be summed up below.
Branding and retailing capabilities:
Indian textile companies usually have the advantage of a cost effective manufacturing base, but they face severe problem in global branding and retailing capabilities. Tying up with overseas companies results in moving up the value chain and emphasize on the more lucrative branding and retailing business.
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