The Indian textiles sector has received much-needed attention but its future continues to hang in balance unless bold initiatives begin to pay off.

The Indian textile industry is the country’s oldest, going back five millennia, and its modern day avatar employs more than 45 million people, making it the country’s second largest employer after agriculture.

Over the last couple of decades, however, this industry has been facing global and domestic headwinds that are threatening its continued wellbeing. But governmental and industry efforts to overcome these challenges also offer considerable upsides and the proposed renewal of the industry promises to rejuvenate it and make it ready for the challenges of the 21st century.

Manohar Parrikar has taken on the task of India’s defence minister with gusto, writes senior columnist Ashok Malik exclusively for ‘India Investment Journal’.

As India’s defence minister, Manohar Parrikar has a multiplicity of tasks before him, a menu more challenging than that on offer to many recent predecessors.

A BJP veteran and popular chief minister in the coastal state of Goa, Parrikar, 61 this year, was requested to move to Delhi in November 2014 when Prime Minister Narendra Modi’s search for a defence minister yielded no suitable options in the capital. Between May and November 2014, in the early months of the BJP-led government, Arun Jaitley had doubled as finance and defence minister but that was not sustainable.

The India-Singapore relationship was almost inevitable. With complementing comparative advantages, democracies and values it was the right fit. However, the relationship between the two remained cordial and did not really start delivering real dividend until then Indian Prime Minister P.V. Narshima Rao delivered his now historic “Look East” policy in 1994.