TEXTILE INDUSTRY AND ITS FUTURE IN INDIA

1. - MISBAA ZAHEER KHAN

2. 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.

3. INTRODUCTION

4. 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.

5. 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.

6. SWOT ANALYSIS
STRENGTHS
• 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.

7. MAJOR PLAYERS

8. GOVERNMENT INITIATIVES.
 100% FDI in India.
 Welfare schemes.
 Provide online platform to handloom weavers.
 Technological up-gradation.
 Proposed to extend 247 customs clearance facility.
 Development of transportation & communication
facilities.

9. 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.

10. 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.

11. 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.

12. 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.

13.  The workforce must be trained and oriented towards high
productivity
 Modernization of mills is a must.

14. REFERENCES
WEB
 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.

15. THANK YOU.