INDIAN TEXTILE INDUSTRY AND ITS

FUTURE

- MISBAA ZAHEER KHAN

TABLE OF CONTENTS INTRODUCTION. IMPORTANCE OF TEXTILE INDUSTRY IN INDIA. SIGNIFICANCE IN INTERNATIONAL MARKET. SWOT ANANYSIS. GOVERNMENT INITIATIVES. ROLE OF TEXTILE INDUSRTRIES IN INDIA’S GDP. GLOBAL SCENARIO. INTERNATIONAL COMPETITIVENESS. CONCLUSION.

INTRODUCTION

IMPORTANCE OF TEXTILE INDUSRTY IN INDIA

Largest Employment Provider. 14% Industrial Production. 8% Excise and Customs revenue collection. Contributes to 4% GDP & Accounts for 17% of

total Exports. Largest Foreign exchange earning sector. Large market size.

SIGNIFICANCE IN INTERNATIONAL MARKET

Highest Loom capacity. Accounts for 12% of worlds production of textile fibres &

yarn. Largest Exporter of Yarn- 25% share of the worlds cotton

yarn exports.

SWOT ANALYSISSTRENGTHS

• Abundant Raw Material.• Availability of low cost & skilled

manpower.• Largest exporter of yarn in

international market.

WEAKNESS• Lack of technological development.• Highly dependent on cotton which

depends on crop.• Higher indirect taxes & power rates.

OPPORTUNITIES• Large,Potential Domestic &

International market.• Emerging retail industry & malls

provide huge opportunities.

THREATS• Competition from other developing

country like China.• Changes in production levels.

MAJOR PLAYERS

GOVERNMENT INITIATIVES.

100% FDI in India. Welfare schemes. Provide online platform to handloom weavers. Technological up-gradation. Proposed to extend 24\7 customs clearance facility. Development of transportation & communication

facilities.

ROLE OF TEXTILE INDUSTRIES IN INDIA’S GDP.

Contribute 14% of the total production. Huge amount of revenue in country. Provides direct employment. Hike in investment flow. Ready made agreements accounts for 45% share holding

in total textile exports.

GLOBAL SCENARIO Asian countries are gaining in textile trade due to lower costs

compared to African, European and south American countries. Accounts for 14% of textile production. 1st largest producer of jute & 2nd largest producer of silk. The textile and apparel industry is estimated to reach US $ 141

billion – 2015-16 India exported Rs.2,480 Cr worth of man made fibre goods.

INTERNATIONAL COMPETITIVENESS

Standard cost of production. Strong competition. Focused- Productivity,transport on increasing

productivity, reducing labour costs, reducing transport costs and reducing the vat rates for apparels.

Losing business because of high input costs.

CONCLUSION

The retail market has opened and the producers’ control over the product market has increased.

New Opportunities. Potential to increase the contribution of textiles in the GDP. Establish a plan of action which identifies and removes

barriers to growth and sourcing strategies. The textile industry should diversify in design to ensure

quality output and technological advancement.

The workforce must be trained and oriented towards high productivity

Modernization of mills is a must.

REFERENCESWEB

http://www.cci.in/pdfs/surveys-reports/Textile-Industry-in-India.

http://www.ripublication.com/gjfm-spl/gjfmv6n7_11. http://www.ijoart.org/docs/a-study-on-emerging-

trends-in-textile-industry-in-india.NEWSPAPER

Employment news. The Economic Times.

THANK YOU.