Economic environment of business
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Economic environment of business

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  • The figure above shows total produce of Indian Textile Industry in fabric sector along with the produce in all the sub sectors under it. This highlights the fact that the total production of fabricated products by the Indian Textile Industry between the period 2002-2003 and 2004-2005 increased at a moderate rate from 41973 million square meters to 45378 million square meters. But after the MFA period (ie. after 01.01.2005), the same has increased from 45378 million sq. mts to 54260 million sq. mts between the period 2004-2005 and 2006-2007. Hence it is evident that the percentage increase in the fabric textile product during the period 2004-2005 and 2006-2007 has seen a rise of around 16.37% whereas it was only 7.5% during 2002-2003and 2004-2005. Thus, the competitive edge that was created after MFA is quite clear.Now, let us analyze the growth pattern evidenced in the spurn yarn sector.At the eve of the new millennium the total yarn production was hovering around 3160 million Kgs. The rate of growth in spurn yarn production evidenced a sluggish growth up to 2003-2004. But during the next two financial years this production again saw an increasing trend and during the 2006-2007 fiscal the same is expected to surpass the 3700 million Kg mark. The total production of Spun Yarn over the years 1999-2000 to 2006-2007 is summarized in the figure below. It highlights the fact that the growth rate of production in this sector was almost stagnant between the years 1999 and 2004. From the financial year 2004-2005, the total production of yarn geared up and is projected to do still better during the fiscal 2006-2007.

Economic environment of business Economic environment of business Presentation Transcript

  • Date:03.10.2011Economic environment ofbusinessProf . Jaisree Desai 11/2/2011
  • Textile industry Group members : Magesh raja .J Prithiviraj .A Shariyank .B.V Vinu .R.V 11/2/2011 2
  • History of textile industry India has been well known for her textile goods since very ancient times. In the early nineteenth century the modern textile industry took birth in India. The first textile mill was established at Fort Gloster near Calcutta in 1818. In 1850s the cotton textile industry, however, made its real beginning in Bombay.In the year 1854 the first cotton textile mill of Bombay was established by a Parsi cotton merchant then engaged in overseas and internal trade 11/2/2011 3
  •  The vast majority of the early mills were the handiwork of Parsi merchants engaged in yarn and cloth trade at home and Chinese and African markets. The first cotton mill established in the year 1861 was at Ahmedabad, which was eventually to emerge as a rival centre to Bombay. The cotton textile industry made rapid progress in the second half of the nineteenth century and by the end of the century there were 178 cotton textile mills. 11/2/2011 4
  • Development Indian Textile Industry has earned a unique place in our country. It is among one of the industries which were earliest to come into existence in India. It accounted for 14% of the total Industrial production, contributes to nearly 30% of the total exports and is the second largest employment generator after agriculture. This industry provides one of the most basic needs of people and holds importance; maintaining sustained growth for improving quality of life. It has an image of self-reliant industry, from the production of raw materials to the delivery of finished products, with substantial value-addition at each stage of processing which forms a major contribution to the countrys economy 11/2/2011 5
  • Latest development Indian Textile Industry covers 61 % of the international textile market and 22 % of the global market Indian Textile Industry is known to be the 3rd largest manufacturer of cotton across the globe. This industry of India claims to be the 2nd largest manufacturer as well as provider of cotton yarn and textiles in the world India holds around 25 % share in the cotton yarn industry across the globe India Textile Industry contributes to around 12 %of the worlds production of cotton yarn and textile. 11/2/2011 6
  • Several segments in textileindustry: Indian industry of Textiles can be divided into several segments, some of which can be listed as below: Cotton Textiles Silk Textiles Woolen Textiles Readymade Garments Hand-crafted Textiles Jute and Coir 11/2/2011 7
  • Size of the industry The Indian Textile Industry today has approximately 1200 medium to large scale textile mills in India. 20%of these mills are located in Coimbatore (Tamilnadu). The industry has 34 million cotton textile spindles for manufacturing cotton yarn which account for 70 percent of Indias textile exports. Of the Indian textile yarn exports, almost 80 percent come from coarser yarns. The knitting industry is concentrated in Tirupur (Tamilnadu) and Ludhiana (Punjab). Tirupur produces 60 percent of the countrys total knitwear exports. Knitted garments account for almost 32 percent of all exported garments. The major players include Nahar Spinning, Arun Processors and Jersey India. 11/2/2011 8
  • Growth of indian textileindustry Growth along with the investment of an industry depends heavily on the economic health of the country. Indian economy grew rapidly during the fiscal year 2006-2007 posting a growth rate of 9.4% p.a. Not only this, India has been performing significantly in the last three years where its average yearly rate of growth has been estimated to be 8%. 11/2/2011 9
  • Growth in textile industry 11/2/2011 10
  • Major players Top leading Companies: Some of the reputed names in the Textile companies in India are: Raymonds, Arvind Mills, Reliance Textiles, Vardhaman Spinning, Welspun India, Morarjee Mills, Century Textiles,Ginni Filaments Ltd, Mafatlal Textiles, S. Kumar Synfabs, Bombay Dyeing Ltd, BSL Ltd, Banswara Syntex, Grasim Industries, Oswal Knit India, Fabindia, Laksmi Mills, National Rayon Corp, Mysore Silk Factory and many more. 11/2/2011 11
  • Total contribution to theeconomic sales Indian textile industry is one of largest Industries in Indian Economy. In 2000-01, the textile and garment industries accounted for about 4% of GDP, 14%of industrial output, 18% of industrial employment and 27% of export earnings. Indian textile industry is significant in global context also, ranking second to China. The Indian textile industry constitutes 14% to industrial production, 4% to the countrys gross domestic product (GDP) and 17% to the country’s export earnings, according to the Annual Report 2009-10 of the Ministry of Textiles. 11/2/2011 12
  • Domestic and Export share According to the Indian Ministry of Textiles, the cumulative production of cloth during April’09- March’10 has increased by 8.3 % when compared to the same period of the previous year. The total Indian textile exports have increased to US$ 18.6 billion during April’09-January’10, from US$ 17.7 billion during the same period of the previous year, registering an increase of 4.95 % in rupee terms. Gradually the share of textile exports in total exports has increased to 12.36% during April’09- January’10, as per the Ministry of Textiles. 11/2/2011 13
  • Contd.. During April-March 2009-10 textiles has registered a growth of 5.5% according to the Index of Industrial Production the data released by the Central Statistical Organization (CSO). Cotton, white wool, silk and man- made fibre textiles have registered a growth of 8.2 % while textile products including apparel have earned a growth of 8.5%. 11/2/2011 14
  • Employment oppurtunities Job opportunities are diverse in nature in the textile industry ranging from production, designing, distribution and sales. The need for manpower for the textile industry is growing to keep up with the growing demand; freshers are finding numerous job opportunities in the textile industry of India. The Indian textile industry offers opportunities to fresher’s from various academic backgrounds as nature of job is diverse. A textile engineer must have an engineering background; either B.E. or B.Tech is preferred. The industry considers even the textile diploma for jobs. One more interesting demand for textile industry is the textile faculties which are in rise, for which a post graduate degree is mandatory. Textile sales executives is another opportunities required by the apparel stores where graduates are recruited from all disciplines. 11/2/2011 15
  • Super spinning millsNext to agriculture, Textile industries contributes to a largerextent in india’s GDPLet us see the rapid growth of textile industry with the export sales data ofSUPER SPINNING MILLS LTD which is headquartered in coimbatore, Tamiln 11/2/2011 16
  • Export sales of super spinningmills ltdThis illustrates the rapid growth of textile industry in india. 11/2/2011 17
  • 11/2/2011 18