Related Keywords: continues to reel under burden, decline in exports of several types of textiles, despite of top global fashion brands, Foreign direct investment, Indian textile sector, mill closures, online fashion space, sagging exports, single brand retail outlets, vie for share of Indian market
India’s textile sector continues to reel under the burden of mill closures and sagging exports, despite of top global fashion brands such as Zara, Mango, Vero Moda, H&M, Forever 21 and Marks & Spencer vie for a share of the Indian market.
Ever since the government allowed Foreign Direct Investment (FDI) in single brand retail outlets - first at 51% in 2006 and later 100% in 2012- top global fashion brands have rushed into the country.
