Foreign firms are likely to play a key role in the future growth of the Indian cotton and textile industries with the emergence of the country as a competitive clothing supplier in the global arena, a recent report from the US government's agriculture department said. While China has remained a preferred supplier so far, global firms are also becoming increasingly interested in India - "both to reduce risk through diversification and because of the growing perception of India as a competitive clothing supplier with domestic sources of fabric", the US department of Agriculture's Economic Research Service said in a report. Global retail gaints like Wal-Mart, JC Penney, Gap and branded apparel marketers such as Calvin Klein, Locaste and Sara Lee are among the major companies which
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