Analysis of competiveness of indian textile industry
1. Analysis of competiveness of Indian Textile Industry with its neighboring countries Under the guidance of : Mr. GautamBansal Presented by: ManpreetCheema MBA-IB
3. Envision Exports Pvt. Ltd. is in operation since 1994, with its head office in Ludhiana (India) and an associate office in Bangladesh. The company is engaged in Textile Sourcing Business of Fibers, Yarns, and garments
4. Mission: To assimilate knowledge, To develop capabilities, & to manage collective enterprise to profitably tap global commercial advantages.
5. Business The business is basically a servicing and sourcing solution for textile needs, meeting the demands and requirements of the customers from all over the world.
6. Services To give complete yarns & fabrics sourcing for all varieties, adding to customer’s convenience. To provide weekly/ fortnightly market information . To provide complete sampling support to all of their customers. They have a dedicated desk for shipment follow - ups. Customers are updated through SMS, E-Mailing & can track shipments with a personal username & password over their website
7. Markets The company is only a middleman firm, taking products from their Suppliers here at Ludhiana and supplying their products to their precious customers worldwide.
10. Customers The company has a regular base of customers in Korea, China, Egypt, Singapore and Bangladesh. All their prestigious customers are working for Top end final buyers like HNM(Hennes & Mauritz), Zara, New Look, GAP, J.C. Penny, Tesco etc.
11. Major suppliers Yarn suppliers Abhishek Industries Ltd.., India Aarti International Ltd.., India Garg Acrylic, India GTN Industries, India etc Fabrics & Garments suppliers Anowara knitting Ltd., Bangladesh Fakir apparels Ltd., Bangladesh Metro knitting Ltd., Bangladesh Northern corporation, Bangladesh Tung Hai Sweaters, Ltd.., Bangladesh Starlight Sweaters, Bangladesh
14. DEPARTMENTS: Managerial department Mr. KanwalKhurana: He is the director and heads the overall organization. He administers the organization and sees the overall functions. Marketing Department Mr. JitinSethi. His main focus is how to develop a new market. He coordinates the working of various suppliers and focus on creating new customers. He keeps an eye on all the happenings around the market
15. Shipment Department: ShallyKapoor: She handles all the suppliers’ offers. She focuses on various contracts of the company and manages the existing customers of the company Post Shipment: Mr. Shubham Sharma: - He handles all the commercial executions, post contracts. He also takes care of all the procedures related to LC mainly on its follow up and various commissions. Mr. VibhanshuBhasin: He deals with all the logistic functions and takes care of all the shipment.
16. Technical Department: Mr. RishabAhuja: He takes care of all activities related to inspections. He handles all the complaints related to quality. Accounts: Mr. Shambhu Gupta handles the activities related to accounts and takes care of banking, accounting and taxation. He keeps all the accounts of the company and maintains office security and insurance. BalwinderKaur: She handles all the office administration and cost control systems. She deals with all liaison work and relation support services.
22. Value-wise share of various products in total T&C exports by India (2007-08)
23. Share of major export markets in total T&C exports by India (2007-08 Value-wise)
24. Competitive Assessment of Indian Textile industry vis-a-vis other countries
25. Labor cost India has higher labor cost as compared to Bangladesh, Vietnam and Sri Lanka. Moreover, India has lower labor productivity as compared to other countries.Labor productivity in China and India surged ahead of other nations in the Asian region between 2007-2009, expanding by 8.7 per cent and 4 per cent respectively.
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28. Corporate Tax Corporate tax refers to a tax levied by various jurisdictions on the profits made by companies or associations.
29. Exim procedures Documents preparation and Customs clearance take around 10-12 days for Indian companies.
32. Productivity Comparison: Productivity in China, Turkey and Brazil is over 1 tone / ha. In India it is only about 0.3 tones / ha Supply chain in this industry: highly fragmented Average delivery lead times: 45-60 days International lead delivery times : 30-35 days.
34. Title: “Analysis of competiveness of Indian Textile Industry with its neighboring countries”
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36. to study the extent of modernization of Indian textile machinery
37. to study the various hindrances being faced by this sector
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39. Sample Unit: Any singlespinning company in Ludhiana which is into export business. Sampling technique: Convenience of time and links Sample Size: 20 exporters Sample type: Area Sampling: Sample area of the study is Ludhiana Source of Data Primary: questionnaires and e-mails Secondary : websites and journals.
42. The analysis could have been made much more accurate, if the project be done in other cities also.
43. The respondents were busy or for some other reasons, did not show much attention filing the questionnaire; hence the chances of biasness could be possible.
62. Fig: 4.16 Title: factors affecting the competiveness of this sector N=20
63. Fig: 4.17 Title: Indian textile industry is competitive enough to beat its competitors N=20
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65. Most of the companies are using the latest technologies from big companies like LMW, Rieter etc. they are buying the technologies wherever it is available. But that is on the individual basis but in the whole Indian textile sector lags behind from many countries in technology improvement.