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Ashutosh Sheshabalaya On Indian Issues
No Stopping The Latest Indian Juggernaut
by Ashutosh Sheshabalaya

Published in July 26, 2004 issue of The Financial Times, London.
It is wishful thinking to believe the looming Asian textiles juggernaut can be countered simply by focusing on "high-end products . . . where China and India pose a much smaller threat" ("Europe pins survival hopes on flair and innovation", July 22).

It appears that the EU Commission experts cited by your correspondent have yet to read about the pending acquisition of Germany's Trevira by Indian conglomerate Reliance. According to Reliance's website, Trevira is "the market leader in Europe in high value applications of polyester, especially in automotive and home textiles".

As previously with information technology and call centres, and now with textiles, pharmaceuticals and much else, India's increasingly successful (but quiet) economic ascension will be helped by the perception that the west has a monopoly on the "really creative and innovative stuff".
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