This document provides an overview of the nonwovens and technical textiles industry in India. It discusses the current scenario and growth opportunities. Some key points:
- India's economy is expected to grow 7.5-8% through 2012, fueling growth in technical textiles consumption.
- The technical textiles sector needs to double in size to $11.5 billion by 2012 to achieve industry goals.
- Major market segments are packaging, construction, industrial, and medical textiles.
- The government offers subsidies and funding to support industry growth and modernization through schemes like the Technology Upgradation Fund.
The report provides an overview of the Indian textile and apparel industry. It details that the industry contributes 5% to India's GDP and is one of the largest in the world. The report then analyzes ITC Limited, a major player in the industry, including their product portfolio, SWOT analysis, target markets, competitors, and marketing strategies. Financial information and ratios for ITC are also presented. Finally, the report covers human resource practices at ITC such as their organizational structure, job roles, selection process, training programs, performance appraisals, benefits, and culture.
The document provides information about the Indian textile industry. Some key points:
- The Indian textile industry is one of the largest in the world and contributes 5% to India's GDP. Textile exports were $39.2 billion in FY2018 and are projected to reach $82 billion by 2021.
- The industry has grown due to factors like rising incomes, availability of raw materials, policy support, and investments. However, it faces threats from competition and potential substitutes.
- ITC Ltd is a major player in the industry, with a 30% market share. It acquired the John Players menswear brand and plans to invest in expanding its market.
Export of readymade garment from suratSunny Gandhi
This document provides an overview of the Indian textile and readymade garment industries. It discusses the importance of the textile industry to the Indian economy and its structure. The readymade garment industry is described as the second largest in the world after China. The document then outlines the research methodology for a study on factors influencing exports of readymade garments from Surat, including objectives, design, population, sampling, data collection and analysis methods.
Indian domestic apparel retail market report Sep2015Ashish Dhir
The document summarizes the growth prospects of India's domestic retail market for textiles and apparel. It projects that the total Indian textile and apparel industry will reach $200 billion by 2020, up from $101 billion in 2013, driven by 10.25% annual growth in both exports and domestic demand. Domestically, the market is expected to reach $120 billion by 2020, with the home textiles segment growing at 6.5% annually to $5.7 billion and technical textiles expanding 9.4% per year to $23 billion. Key growth factors for the domestic market include rising incomes, urbanization, and fashion consciousness.
Anatomy of a Textile Cluster – Problems and Prospects of Textile Business Own...Dr. Amarjeet Singh
The study on Anatomy of a textile cluster -
problems and prospects of textile business owners with
respect to business expansion and operations was carried
out to find the problems and prospects of Erode textile
cluster as a pilot survey with a sample size of 80
respondents. The primary study was carried out in two
stages. An exploratory study was done among the textile
merchants and textile buyers to understand the nature,
administration, status, problems and scope of the textile
merchants in Erode Cluster. Firstly, the researcher had
personnel interview with the officials of four major textile
markets namely, Texvalley, Gani market, Ashokapuram
market, and central market.Secondly an interview schedule
was carried with a structured questionnaire . The interview
schedule was prepared with four variables namely business
factors, financial factors, marketing factors and market
facility concerned. Each items in the variable was measured
with a 5 point Likert scale. And there were few items which
captured their present level operations and future plans.
The results revealed the present status of their operations
which is a key in factors for planning for a better
operational efficiency for next level.
The text summarizes key information about the global textile industry:
1) The textile industry involves designing, manufacturing, and distributing textiles such as clothing and involves natural or artificial fibers formed into textiles through processes like weaving, knitting, and pressing.
2) Historically, the textile industry developed in the 19th century through the industrial revolution and mass clothing production but later faced issues with unsafe working conditions and low wages.
3) The textile industry remains an important global industry worth over $400 billion annually and is concentrated in certain areas but has increasingly moved production overseas through globalization and trade agreements.
The textile industry in India is one of the largest and most important industries. It contributes 14% to industrial production, 4% to GDP, and 17% to export earnings. The textile industry employs over 35 million people directly. The government has implemented various initiatives and policies to promote growth of the textile sector. It aims to increase India's share of the global textile market from 4.5% to 8% by 2020. The technical textiles segment in particular is growing, with the market size projected to increase over time. Major players, investment, and opportunities in the industry are also discussed.
This document summarizes a study on the growth of the apparel industry in India. It discusses how factors like increasing incomes, urbanization, and exposure to global fashion trends have contributed to rapid growth in the Indian apparel market. The apparel industry is one of India's largest, contributing significantly to employment, GDP, and exports. While still growing, it is projected to double in size within the next five years. Key factors fueling further growth include rising disposable incomes, the expansion of the women's segment, and the rise of e-commerce and organized retail. The apparel industry remains an important driver of the Indian economy and is well positioned for continued strong growth.
The report provides an overview of the Indian textile and apparel industry. It details that the industry contributes 5% to India's GDP and is one of the largest in the world. The report then analyzes ITC Limited, a major player in the industry, including their product portfolio, SWOT analysis, target markets, competitors, and marketing strategies. Financial information and ratios for ITC are also presented. Finally, the report covers human resource practices at ITC such as their organizational structure, job roles, selection process, training programs, performance appraisals, benefits, and culture.
The document provides information about the Indian textile industry. Some key points:
- The Indian textile industry is one of the largest in the world and contributes 5% to India's GDP. Textile exports were $39.2 billion in FY2018 and are projected to reach $82 billion by 2021.
- The industry has grown due to factors like rising incomes, availability of raw materials, policy support, and investments. However, it faces threats from competition and potential substitutes.
- ITC Ltd is a major player in the industry, with a 30% market share. It acquired the John Players menswear brand and plans to invest in expanding its market.
Export of readymade garment from suratSunny Gandhi
This document provides an overview of the Indian textile and readymade garment industries. It discusses the importance of the textile industry to the Indian economy and its structure. The readymade garment industry is described as the second largest in the world after China. The document then outlines the research methodology for a study on factors influencing exports of readymade garments from Surat, including objectives, design, population, sampling, data collection and analysis methods.
Indian domestic apparel retail market report Sep2015Ashish Dhir
The document summarizes the growth prospects of India's domestic retail market for textiles and apparel. It projects that the total Indian textile and apparel industry will reach $200 billion by 2020, up from $101 billion in 2013, driven by 10.25% annual growth in both exports and domestic demand. Domestically, the market is expected to reach $120 billion by 2020, with the home textiles segment growing at 6.5% annually to $5.7 billion and technical textiles expanding 9.4% per year to $23 billion. Key growth factors for the domestic market include rising incomes, urbanization, and fashion consciousness.
Anatomy of a Textile Cluster – Problems and Prospects of Textile Business Own...Dr. Amarjeet Singh
The study on Anatomy of a textile cluster -
problems and prospects of textile business owners with
respect to business expansion and operations was carried
out to find the problems and prospects of Erode textile
cluster as a pilot survey with a sample size of 80
respondents. The primary study was carried out in two
stages. An exploratory study was done among the textile
merchants and textile buyers to understand the nature,
administration, status, problems and scope of the textile
merchants in Erode Cluster. Firstly, the researcher had
personnel interview with the officials of four major textile
markets namely, Texvalley, Gani market, Ashokapuram
market, and central market.Secondly an interview schedule
was carried with a structured questionnaire . The interview
schedule was prepared with four variables namely business
factors, financial factors, marketing factors and market
facility concerned. Each items in the variable was measured
with a 5 point Likert scale. And there were few items which
captured their present level operations and future plans.
The results revealed the present status of their operations
which is a key in factors for planning for a better
operational efficiency for next level.
The text summarizes key information about the global textile industry:
1) The textile industry involves designing, manufacturing, and distributing textiles such as clothing and involves natural or artificial fibers formed into textiles through processes like weaving, knitting, and pressing.
2) Historically, the textile industry developed in the 19th century through the industrial revolution and mass clothing production but later faced issues with unsafe working conditions and low wages.
3) The textile industry remains an important global industry worth over $400 billion annually and is concentrated in certain areas but has increasingly moved production overseas through globalization and trade agreements.
The textile industry in India is one of the largest and most important industries. It contributes 14% to industrial production, 4% to GDP, and 17% to export earnings. The textile industry employs over 35 million people directly. The government has implemented various initiatives and policies to promote growth of the textile sector. It aims to increase India's share of the global textile market from 4.5% to 8% by 2020. The technical textiles segment in particular is growing, with the market size projected to increase over time. Major players, investment, and opportunities in the industry are also discussed.
This document summarizes a study on the growth of the apparel industry in India. It discusses how factors like increasing incomes, urbanization, and exposure to global fashion trends have contributed to rapid growth in the Indian apparel market. The apparel industry is one of India's largest, contributing significantly to employment, GDP, and exports. While still growing, it is projected to double in size within the next five years. Key factors fueling further growth include rising disposable incomes, the expansion of the women's segment, and the rise of e-commerce and organized retail. The apparel industry remains an important driver of the Indian economy and is well positioned for continued strong growth.
This document discusses the ASEAN Economic Community (MEA) and its implications for Indonesia. It begins with an introduction that outlines the goals of establishing a single market and production base in Southeast Asia through MEA.
The main discussion identifies opportunities for Indonesia, such as increased exports and foreign direct investment, but also challenges like increased competition and potential job losses. Specifically, it notes Indonesia may face more homogeneous commodities and competition from higher quality imported goods.
Risks for Indonesia are also outlined, including increased competition threatening local industries, larger trade deficits, and exploitation of natural resources by foreign companies since Indonesia has more abundant resources than other ASEAN countries. Proper investment regulations are needed to mitigate these risks.
The Indian retail market is expected to grow significantly by 2023, with the apparel market making up 8% of total retail. Both apparel and accessories are in high demand. However, India's economic growth has slowed in recent years, dampening consumer spending. While India has a large young population, consumers have become more value-conscious. International retailers looking to enter India face challenges around infrastructure investment and local sourcing requirements. Changing consumer behaviors around time poverty, aspiration, value, and technology also impact the fashion market.
The document discusses plans to open a textile manufacturing business in Japan. It provides background on Japan's economy and textile industry. The textile industry in Japan is highly developed but faces competition from cheaper imports. Opening a textile business in Japan offers benefits like high profit margins and demand for high quality products. The plan is to register as a limited liability company and manufacture high quality clothing inspired by traditional kimono designs. The business will be located in Tokyo to access the large customer base. It will focus on serving women with formal and semi-formal wear priced between 2000-2500 yen.
A study of indian apparel retailers’ expansion from tier i to tier ii and tie...PriyambadaKhushboo
The document discusses the expansion of Indian apparel retailers from tier 1 to tier 2 and tier 3 cities. It notes that retailers are looking to tier 2 and 3 cities for growth as tier 1 cities are saturated. The document provides an overview of the current Indian retail scenario, including classifications of cities and analysis of household expenditure and income. It also presents SWOT analyses of Indian apparel retail and case studies the expansion strategies of brands like Wills Lifestyle and Raymond into tier 2 and 3 cities.
The document discusses the Indian menswear market. It notes that menswear is the largest segment of the Indian apparel market, accounting for 43.1% of the total market. Key points made include that the menswear market is expected to grow at a CAGR of 11% until 2020, with categories like innerwear, activewear, denim, and t-shirts experiencing particularly high growth. Ethnic wear is also rising in popularity for men. The strengths of the Indian menswear industry include access to cheap labor and tax benefits from the government, while weaknesses include low technology adoption and environmental restrictions.
SWOT analysis is a structured planning method that evaluates the strengths, weaknesses, opportunities, and threats of a project or business venture. It helps understand a business better, address weaknesses, determine threats, capitalize on opportunities, and take advantage of strengths to develop goals and strategies. China ranks first in the world for textile exports, with total export revenue exceeding $274 billion in 2014-2015, making textiles China's biggest export industry. Export revenue for China's textile and garment industry grew at an average of 2.74% over 2012-2015. The future of China's apparel industry depends on specializing in specific products and shifting resources to other sectors and non-coastal regions.
A study on ‘Performance Evaluation of Select Textile Companies An Empirical A...IOSRJBM
Indian Textile industry has played a pioneered role in growth and upliftment of country. It is the sector that contributes approx 14 per cent to industrial production, 4 per cent to GDP and Approx 13 Percent of total exports of the country. The sector has offered employment to around 45 million people, by acting as one of the biggest employment generator sector. In spite of having such a remarkable records, companies in textile industry are facing many problems like shortage of raw material, obsolete machinery, power shortage, low productivity of labour and competition in foreign market. So the objective of the study is to measure and compare the performance of selected textile companies in India during last five years. The secondary data collected is analyzed using various statistical tools and techniques such as Ratio analysis and one way ANOVA. To measure the financial performance of selected textile companies, in terms of Managerial efficiency, Liquidity, Profitability and Solvency position of the companies, ratio analysis has been used. Further one way ANOVA has been used to identify if there exist a significant difference in the mean and performance of different textile companies. The results showed that there is significance difference in the Return on Capital Employed, Net Profit Margin, Current Ratio, Debt to Equity Ratio, and Fixed Asset turnover ratio of sample Textile companies at 5% level of significance
Indian Textile Industry and its relations with EUShray Jali
The Indian textile industry is one of the largest industries in India, contributing 14% to industrial production and employing over 35 million people. It has strong historical trade relations with the European Union (EU), which is now India's largest export market for textiles. However, the industry also faces challenges like outdated technology and competition. The government has introduced initiatives like the Technology Upgradation Fund Scheme to support the industry. While trade with the EU has grown significantly in recent decades, the economic crisis since 2008 has led to a decline in production and exports for both India and the EU. The industry is focusing on moving to higher value products and the EU remains an important future export market.
INDIAN FASHION INDUSTRY catering TO GLOBAL MARKETT HARI KUMAR
The document discusses the Indian fashion industry and its growth catering to the global market. It notes that Indian textile and apparel exports have grown significantly in recent years. The industry contributes to the Indian and world economies by employing millions of workers. It also faces challenges related to talent development and gaining industry recognition. The document outlines some of the major players in the Indian fashion industry and notes the industry's potential for further growth in the coming years.
The document discusses the textile industry in India. It provides background on the textile industry, noting that it is one of India's oldest industries and currently employs over 35 million people. The strengths of the Indian textile industry are its abundant raw materials and labor, as well as large domestic market. However, it also faces weaknesses like high production costs compared to competitors and outdated technology. If India can address these challenges and leverage opportunities like its large market, the textile industry could grow to US$220 billion by 2020.
The document provides an overview of the Ethiopian textile industry and its present status and future growth prospects. It discusses the history and development of cotton production, textile mills, and the garment sector in Ethiopia. It also analyzes the challenges facing the industry and provides recommendations to strengthen these sectors through improved quality standards, marketing, access to export markets, and attracting foreign investment. The overall aim is to outline Ethiopia's ambitious plans to boost textile and apparel exports to $1 billion in the next five years through concerted industry development efforts.
This document provides an overview of international corporate success stories in India from a macroeconomic perspective. It discusses key factors that have attracted foreign direct investment to India such as a large consumer market driven by demographics, rising incomes, and urbanization. Specifically, it highlights India's young population, expanding middle class, and potential to become the world's largest consumer market by 2030. The document also examines India's regulatory framework and provides a case study of Unilever's over 100 years of operations and growth in India.
The fashion industry in India is growing rapidly at over 10% per year, and is expected to reach $400 million by 2014. This growth has led to an increase in the number of design schools and fashion weeks in India, creating more opportunities for showcasing work. The growing market has also made the industry more competitive, forcing veteran designers to partner with new stores targeting middle class consumers. Looking forward, the expanding internet and e-commerce sector presents new opportunities for the fashion industry, as online shopping grows at 30% annually in India. Foreign investment from companies like LVMH is also expected to further open up the Indian market and help Indian brands go global.
The document provides an analysis of the Indian retail sector from 2007-2008. It notes that India has high GDP growth projected to be 8% over the next 15 years. The retail sector is large and growing, but currently only 3% is organized/modern retail. Key trends include rapid urbanization, a young population, and expanding categories of spending beyond just food and clothing. The future of Indian retail is projected to reach $800 billion by 2017 with organized retail making up a larger share and becoming more prevalent in rural areas as well.
This document discusses plans to establish Nature Leather International, a leather producing company in Ethiopia. The objectives are to create an internationally competitive brand in the Ethiopian leather market and show opportunities for investment. Nature Leather will produce leather garments, bags, shoes and other goods for the Ethiopian market as well as export to Turkey and other countries. Ethiopia is well-suited due to its large livestock population and potential for raw materials. Marketing strategies will include promotions tailored to each target market and using methods like social media, websites, and buyer visits appropriate to the culture.
Growth Prospects Of Indian Textile Industry – Home Textile Focus Textile Comm...FNian
The document summarizes the growth prospects of the Indian textile industry, with a focus on the home textile sector. It notes that the home textile market in India is large and growing, and India has the potential to become a global market leader in this sector. Key reasons for optimism about growth include increasing domestic demand due to rising incomes, a growing population, and increasing investments and modernization in the textile industry. Both domestic consumption and exports of home textiles are expected to grow significantly in the coming years. The government, industry, and other stakeholders need to continue efforts to invest, innovate, build infrastructure and skills to realize the sector's growth potential.
The document provides an overview of the Indian apparel industry. It notes that India is the world's 2nd largest producer of textiles and garments, with the industry estimated at $99 billion currently and projected to reach $223 billion by 2021. The apparel sector contributes significantly to India's GDP and exports. It also discusses key segments within the Indian apparel market like men's, women's and kids wear. The document outlines some of the major challenges faced by the industry and factors driving its continued growth.
Textile industry in india (aliya siddiqua , mounika, divya)Aliya Siddiqua
The Indian textile industry contributes significantly to the Indian economy through industrial production, employment, and exports. It accounts for 20% of industrial output, 9% of excise collections, 18% of industrial employment, nearly 20% of total exports, and 4% of GDP. The modern Indian textile industry began in the early 19th century with the establishment of the first textile mill in Calcutta in 1818. Today it is one of the largest textile industries in the world, dominated by cotton but also including silk, jute, wool, and man-made fibers.
Textile Industry. Cotton Fabric Manufacturing Business. Business Opportunities in Clothing Industry
Textile is a flexible material formed using different processes, such as knitting, weaving, felting, or crocheting. These materials are used in the manufacturing of a wide range of conventional, as well as advanced finished goods, in kitchen, upholstery, bedding, transportation, construction, protective, handbags, medical, apparel, ties & clothing accessories.
India Textile Industry is one of the leading textile industries in the world. The Indian textiles industry, currently estimated at around US$ 150 billion, is expected to reach US$ 250 billion by 2019. India’s textiles industry contributed seven per cent of the industry output (in value terms) of India in 2017-18.It contributed two per cent to the GDP of India and employs more than 45 million people in 2017-18.The sector contributed 15 per cent to the export earnings of India in 2017-18.
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It could well be considered the beginning of the Golden Era for the Indian textile industry. The current year and beyond promises to be an excellent period of growth for the industry. In our recent interaction with industry leaders, a sense of optimism and confidence was quite evident. The Government is expected to announce its new textile policy with an ambitious target of achieving 20 per cent share of the global textile trade and helping the domestic industry attain a size of $650 billion by 2024-25 by focussing on investments, skill development and labour law reforms. The policy blueprint, termed the ‘Vision, Strategy and Action Plan for the textiles and apparel industry, lays thrust upon diversification of exports through new products and markets along with increasing value addition and promoting innovation and RandD activities. Dr. Rohit Agarwal "Golden Era of Indian Textile Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-2 , February 2019, URL: https://www.ijtsrd.com/papers/ijtsrd21374.pdf
Paper URL: https://www.ijtsrd.com/other-scientific-research-area/other/21374/golden-era-of-indian-textile-industry/dr-rohit-agarwal
The Indian apparel and textile industry contributes significantly to the Indian economy. It accounts for 5% of India's GDP and employs over 45 million people directly and 100 million indirectly. India is one of the world's largest producers and exporters of cotton, jute, silk and technical textiles. The industry has been growing at a CAGR of 11% and is expected to reach $190 billion by 2025. The government has implemented several schemes to support the industry through incentives and infrastructure development.
This document discusses the ASEAN Economic Community (MEA) and its implications for Indonesia. It begins with an introduction that outlines the goals of establishing a single market and production base in Southeast Asia through MEA.
The main discussion identifies opportunities for Indonesia, such as increased exports and foreign direct investment, but also challenges like increased competition and potential job losses. Specifically, it notes Indonesia may face more homogeneous commodities and competition from higher quality imported goods.
Risks for Indonesia are also outlined, including increased competition threatening local industries, larger trade deficits, and exploitation of natural resources by foreign companies since Indonesia has more abundant resources than other ASEAN countries. Proper investment regulations are needed to mitigate these risks.
The Indian retail market is expected to grow significantly by 2023, with the apparel market making up 8% of total retail. Both apparel and accessories are in high demand. However, India's economic growth has slowed in recent years, dampening consumer spending. While India has a large young population, consumers have become more value-conscious. International retailers looking to enter India face challenges around infrastructure investment and local sourcing requirements. Changing consumer behaviors around time poverty, aspiration, value, and technology also impact the fashion market.
The document discusses plans to open a textile manufacturing business in Japan. It provides background on Japan's economy and textile industry. The textile industry in Japan is highly developed but faces competition from cheaper imports. Opening a textile business in Japan offers benefits like high profit margins and demand for high quality products. The plan is to register as a limited liability company and manufacture high quality clothing inspired by traditional kimono designs. The business will be located in Tokyo to access the large customer base. It will focus on serving women with formal and semi-formal wear priced between 2000-2500 yen.
A study of indian apparel retailers’ expansion from tier i to tier ii and tie...PriyambadaKhushboo
The document discusses the expansion of Indian apparel retailers from tier 1 to tier 2 and tier 3 cities. It notes that retailers are looking to tier 2 and 3 cities for growth as tier 1 cities are saturated. The document provides an overview of the current Indian retail scenario, including classifications of cities and analysis of household expenditure and income. It also presents SWOT analyses of Indian apparel retail and case studies the expansion strategies of brands like Wills Lifestyle and Raymond into tier 2 and 3 cities.
The document discusses the Indian menswear market. It notes that menswear is the largest segment of the Indian apparel market, accounting for 43.1% of the total market. Key points made include that the menswear market is expected to grow at a CAGR of 11% until 2020, with categories like innerwear, activewear, denim, and t-shirts experiencing particularly high growth. Ethnic wear is also rising in popularity for men. The strengths of the Indian menswear industry include access to cheap labor and tax benefits from the government, while weaknesses include low technology adoption and environmental restrictions.
SWOT analysis is a structured planning method that evaluates the strengths, weaknesses, opportunities, and threats of a project or business venture. It helps understand a business better, address weaknesses, determine threats, capitalize on opportunities, and take advantage of strengths to develop goals and strategies. China ranks first in the world for textile exports, with total export revenue exceeding $274 billion in 2014-2015, making textiles China's biggest export industry. Export revenue for China's textile and garment industry grew at an average of 2.74% over 2012-2015. The future of China's apparel industry depends on specializing in specific products and shifting resources to other sectors and non-coastal regions.
A study on ‘Performance Evaluation of Select Textile Companies An Empirical A...IOSRJBM
Indian Textile industry has played a pioneered role in growth and upliftment of country. It is the sector that contributes approx 14 per cent to industrial production, 4 per cent to GDP and Approx 13 Percent of total exports of the country. The sector has offered employment to around 45 million people, by acting as one of the biggest employment generator sector. In spite of having such a remarkable records, companies in textile industry are facing many problems like shortage of raw material, obsolete machinery, power shortage, low productivity of labour and competition in foreign market. So the objective of the study is to measure and compare the performance of selected textile companies in India during last five years. The secondary data collected is analyzed using various statistical tools and techniques such as Ratio analysis and one way ANOVA. To measure the financial performance of selected textile companies, in terms of Managerial efficiency, Liquidity, Profitability and Solvency position of the companies, ratio analysis has been used. Further one way ANOVA has been used to identify if there exist a significant difference in the mean and performance of different textile companies. The results showed that there is significance difference in the Return on Capital Employed, Net Profit Margin, Current Ratio, Debt to Equity Ratio, and Fixed Asset turnover ratio of sample Textile companies at 5% level of significance
Indian Textile Industry and its relations with EUShray Jali
The Indian textile industry is one of the largest industries in India, contributing 14% to industrial production and employing over 35 million people. It has strong historical trade relations with the European Union (EU), which is now India's largest export market for textiles. However, the industry also faces challenges like outdated technology and competition. The government has introduced initiatives like the Technology Upgradation Fund Scheme to support the industry. While trade with the EU has grown significantly in recent decades, the economic crisis since 2008 has led to a decline in production and exports for both India and the EU. The industry is focusing on moving to higher value products and the EU remains an important future export market.
INDIAN FASHION INDUSTRY catering TO GLOBAL MARKETT HARI KUMAR
The document discusses the Indian fashion industry and its growth catering to the global market. It notes that Indian textile and apparel exports have grown significantly in recent years. The industry contributes to the Indian and world economies by employing millions of workers. It also faces challenges related to talent development and gaining industry recognition. The document outlines some of the major players in the Indian fashion industry and notes the industry's potential for further growth in the coming years.
The document discusses the textile industry in India. It provides background on the textile industry, noting that it is one of India's oldest industries and currently employs over 35 million people. The strengths of the Indian textile industry are its abundant raw materials and labor, as well as large domestic market. However, it also faces weaknesses like high production costs compared to competitors and outdated technology. If India can address these challenges and leverage opportunities like its large market, the textile industry could grow to US$220 billion by 2020.
The document provides an overview of the Ethiopian textile industry and its present status and future growth prospects. It discusses the history and development of cotton production, textile mills, and the garment sector in Ethiopia. It also analyzes the challenges facing the industry and provides recommendations to strengthen these sectors through improved quality standards, marketing, access to export markets, and attracting foreign investment. The overall aim is to outline Ethiopia's ambitious plans to boost textile and apparel exports to $1 billion in the next five years through concerted industry development efforts.
This document provides an overview of international corporate success stories in India from a macroeconomic perspective. It discusses key factors that have attracted foreign direct investment to India such as a large consumer market driven by demographics, rising incomes, and urbanization. Specifically, it highlights India's young population, expanding middle class, and potential to become the world's largest consumer market by 2030. The document also examines India's regulatory framework and provides a case study of Unilever's over 100 years of operations and growth in India.
The fashion industry in India is growing rapidly at over 10% per year, and is expected to reach $400 million by 2014. This growth has led to an increase in the number of design schools and fashion weeks in India, creating more opportunities for showcasing work. The growing market has also made the industry more competitive, forcing veteran designers to partner with new stores targeting middle class consumers. Looking forward, the expanding internet and e-commerce sector presents new opportunities for the fashion industry, as online shopping grows at 30% annually in India. Foreign investment from companies like LVMH is also expected to further open up the Indian market and help Indian brands go global.
The document provides an analysis of the Indian retail sector from 2007-2008. It notes that India has high GDP growth projected to be 8% over the next 15 years. The retail sector is large and growing, but currently only 3% is organized/modern retail. Key trends include rapid urbanization, a young population, and expanding categories of spending beyond just food and clothing. The future of Indian retail is projected to reach $800 billion by 2017 with organized retail making up a larger share and becoming more prevalent in rural areas as well.
This document discusses plans to establish Nature Leather International, a leather producing company in Ethiopia. The objectives are to create an internationally competitive brand in the Ethiopian leather market and show opportunities for investment. Nature Leather will produce leather garments, bags, shoes and other goods for the Ethiopian market as well as export to Turkey and other countries. Ethiopia is well-suited due to its large livestock population and potential for raw materials. Marketing strategies will include promotions tailored to each target market and using methods like social media, websites, and buyer visits appropriate to the culture.
Growth Prospects Of Indian Textile Industry – Home Textile Focus Textile Comm...FNian
The document summarizes the growth prospects of the Indian textile industry, with a focus on the home textile sector. It notes that the home textile market in India is large and growing, and India has the potential to become a global market leader in this sector. Key reasons for optimism about growth include increasing domestic demand due to rising incomes, a growing population, and increasing investments and modernization in the textile industry. Both domestic consumption and exports of home textiles are expected to grow significantly in the coming years. The government, industry, and other stakeholders need to continue efforts to invest, innovate, build infrastructure and skills to realize the sector's growth potential.
The document provides an overview of the Indian apparel industry. It notes that India is the world's 2nd largest producer of textiles and garments, with the industry estimated at $99 billion currently and projected to reach $223 billion by 2021. The apparel sector contributes significantly to India's GDP and exports. It also discusses key segments within the Indian apparel market like men's, women's and kids wear. The document outlines some of the major challenges faced by the industry and factors driving its continued growth.
Textile industry in india (aliya siddiqua , mounika, divya)Aliya Siddiqua
The Indian textile industry contributes significantly to the Indian economy through industrial production, employment, and exports. It accounts for 20% of industrial output, 9% of excise collections, 18% of industrial employment, nearly 20% of total exports, and 4% of GDP. The modern Indian textile industry began in the early 19th century with the establishment of the first textile mill in Calcutta in 1818. Today it is one of the largest textile industries in the world, dominated by cotton but also including silk, jute, wool, and man-made fibers.
Textile Industry. Cotton Fabric Manufacturing Business. Business Opportunities in Clothing Industry
Textile is a flexible material formed using different processes, such as knitting, weaving, felting, or crocheting. These materials are used in the manufacturing of a wide range of conventional, as well as advanced finished goods, in kitchen, upholstery, bedding, transportation, construction, protective, handbags, medical, apparel, ties & clothing accessories.
India Textile Industry is one of the leading textile industries in the world. The Indian textiles industry, currently estimated at around US$ 150 billion, is expected to reach US$ 250 billion by 2019. India’s textiles industry contributed seven per cent of the industry output (in value terms) of India in 2017-18.It contributed two per cent to the GDP of India and employs more than 45 million people in 2017-18.The sector contributed 15 per cent to the export earnings of India in 2017-18.
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It could well be considered the beginning of the Golden Era for the Indian textile industry. The current year and beyond promises to be an excellent period of growth for the industry. In our recent interaction with industry leaders, a sense of optimism and confidence was quite evident. The Government is expected to announce its new textile policy with an ambitious target of achieving 20 per cent share of the global textile trade and helping the domestic industry attain a size of $650 billion by 2024-25 by focussing on investments, skill development and labour law reforms. The policy blueprint, termed the ‘Vision, Strategy and Action Plan for the textiles and apparel industry, lays thrust upon diversification of exports through new products and markets along with increasing value addition and promoting innovation and RandD activities. Dr. Rohit Agarwal "Golden Era of Indian Textile Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-2 , February 2019, URL: https://www.ijtsrd.com/papers/ijtsrd21374.pdf
Paper URL: https://www.ijtsrd.com/other-scientific-research-area/other/21374/golden-era-of-indian-textile-industry/dr-rohit-agarwal
The Indian apparel and textile industry contributes significantly to the Indian economy. It accounts for 5% of India's GDP and employs over 45 million people directly and 100 million indirectly. India is one of the world's largest producers and exporters of cotton, jute, silk and technical textiles. The industry has been growing at a CAGR of 11% and is expected to reach $190 billion by 2025. The government has implemented several schemes to support the industry through incentives and infrastructure development.
The report provides an overview of the Indian textile and apparel industry, including its size, growth, key players, and factors influencing growth. It then analyzes ITC Limited, a major player in the industry, including its product portfolio, target markets, competitors, and marketing strategies. Specifically, the report examines ITC's John Players brand, analyzing its marketing mix, target segment, product life cycle, and position in ITC's business portfolio matrix.
Mr. Seshadri Ramkumar | Innovation in nonwoven technical textilesdhaval2929
The document discusses technical textiles and nonwovens, with a focus on opportunities in India. It provides the following key points:
1. The technical textiles industry in India is still in its infancy but offers significant growth potential, especially in consumer products, infrastructure, and government procurement.
2. The global nonwovens market is growing rapidly, especially in Asia, presenting opportunities for India's industry to expand.
3. Research at Texas Tech University is developing innovative nonwoven wipes for decontamination of chemical agents, with promising results removing sulfur mustard.
4. For India to realize the potential of technical textiles, increased awareness, marketing skills, and education are needed regarding applications
Here are 3 questions for Group 1 about the textile industry document:
1. According to the document, what is India's current share of the global textile trade?
2. What two countries are mentioned as the biggest importers of textiles according to the global scenario section?
3. Which state is mentioned as the 2nd largest producer of raw silk in India according to the achievements section?
This document provides an overview of the textile industry in India. It discusses the history and importance of the textile industry as one of the largest employers in India. It then describes the workings of various departments in textile companies, including accounts, finance, marketing, sales, and production. It also summarizes the market size of the Indian textile industry and provides a SWOT analysis and discussion of the marketing mix strategies used. Finally, it outlines some of the key challenges faced by the industry and initiatives taken by the Indian government to support the textile sector.
ABSTRACT Marketing Strategies of Readymade Garments Industry of India.pdfAnn Wera
This document discusses marketing strategies of the readymade garments industry in India. It begins by providing background on the industry and outlines several objectives of the study, including to examine existing marketing policies and strategies used by garment companies. It then presents several hypotheses to be tested regarding relationships between owner/company factors and marketing strategies. The methodology discusses using statistical tools like t-tests, ANOVA, and percentages to analyze primary survey data collected from garment manufacturers, retailers, and customers. Limitations of the study include its focus on two regions of India and potential bias from informant responses.
The Indian garment industry is an important sector that employs millions of people and accounts for a significant portion of India's GDP and exports. It has grown substantially over the years at 30% annually and is now one of the largest exporters of garments globally, though it faces competition from countries like Bangladesh and China. The industry relies on India's advantages like availability of raw materials and cheap labor but also faces challenges around technology, skills, and government policies.
The Indian garment industry is an important sector that employs millions of people and accounts for a significant portion of India's GDP and exports. It has grown substantially over the years at 30% annually and is now one of the largest exporters of garments globally, though it faces competition from countries like Bangladesh and China. The industry would benefit from government support to develop infrastructure and technology, address skill shortages, and implement policies and strategies to better promote Indian brands internationally.
This document provides information on the Indian textile and clothing industry. It discusses the fragmentation of the industry between organized and unorganized sectors. It outlines major facts about the industry, including its large contribution to India's economy and exports. The document also examines the growing market size of the industry and analyzes strengths, weaknesses, opportunities, and threats. Finally, it reviews government initiatives to promote the industry.
The document discusses the Prime Minister's calls for Indians to be "vocal for local" and embrace self-reliance. It defines "vocal for local" as promoting domestically made products. The idea aims to reduce reliance on imports and encourage local manufacturing. The textile industry in India faces issues like high costs and limited access to technology, but initiatives like Make in India and increased FDI are boosting the industry. The document also outlines opportunities and challenges to achieving self-reliance as well as measures needed to strengthen the textile sector.
37. indian readymade garment industry zainab shafizainabshafi4
The Indian readymade garment industry is the second largest employer in India after agriculture. It contributes significantly to India's GDP and exports. The industry has grown at 30% annually and is distributed across major Indian cities. It employs over 45 million people. The government has implemented several initiatives to further promote the industry such as attracting foreign investment, developing human resources, and improving infrastructure. The future of the industry looks promising with rising domestic demand and India's competitive advantages in manufacturing. However, the industry also faces challenges related to working conditions, environmental sustainability, and developing technical skills.
This document provides an overview of the Indian textile industry. It states that India is the second largest textile fiber producer and manufacturer globally, as well as the largest cotton and jute producer. It also notes that the textile and apparel sector contributes significantly to India's GDP and employment. The document discusses fiber production statistics and presents information on the spinning, weaving, and apparel sub-sectors. It outlines various government initiatives and policies to support the industry and lists key players and investment opportunities in the Indian textile market.
The document provides an overview of the Indian textile industry:
- It is one of the largest sectors in India, accounting for 14% of industrial production, 4% of GDP, and 20% of exports.
- The industry underwent restructuring in the late 1990s but has since revived due to various economic and policy factors.
- Key segments include cotton, silk, wool, readymade garments, hand-crafted textiles, jute and coir.
- The industry is projected to grow significantly by 2012 in both domestic market size and export share.
Comprehensive Project On Apparel IndustryHetal Bhatt
The document provides an introduction and overview of the apparel industry. It discusses the global and Indian markets for apparel, key players in the industry, and distribution channels. Research methods used to study the industry are also mentioned, including Porter's Five Forces analysis, SWOT analysis, PESTLE analysis, and case studies of major companies. The document contains an executive summary and table of contents outlining the various sections of the report on the apparel industry.
India is the world's second largest producer of textiles and garments. Its garment exports totaled $10.7 billion in 2009-2010, giving it a 3.2% global market share. The textiles and apparel industry employs over 7 million people and aims to double that figure by 2011-2012. It contributes 7% to India's total exports and is projected to grow from $70 billion currently to $220 billion by 2020. The government is supporting this growth through initiatives like increasing subsidies for industry modernization.
This document provides information about conducting a feasibility study for a formal trouser business. It discusses what a feasibility report is and covers the key areas of marketing, technical, and financial feasibility. It also provides background information on the Indian textile industry and menswear market. The document outlines the production process for making trousers and specifies details about the potential company, including the product, address, brand, and quality standards. It analyzes the political, economic, social, and technological factors affecting the industry.
Textiles commissioner india's approach to technical textilesVeenaVerma29
The document summarizes the Indian technical textiles industry. It notes that the industry has grown significantly in recent years and is the fastest growing segment of the Indian textiles industry. However, India only accounts for 9% of the global technical textiles market. The top segments in India are different than the top segments globally. The government has launched several initiatives like the Technology Mission on Technical Textiles to promote the industry through setting up centers of excellence, supporting business startups, and increasing awareness.
Textiles commissioner india's approach to technical textilesVeenaVerma29
The document summarizes the Indian technical textiles industry. It notes that the industry has grown significantly in recent years and is the fastest growing segment of the Indian textiles industry. However, India only accounts for 9% of the global technical textiles market. The top segments in India are different than the top segments globally. The government has launched several initiatives like the Technology Mission on Technical Textiles to promote the industry through setting up centers of excellence, supporting business startups, and increasing awareness.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
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popular canines. The French Bulldog is the new top dog in the
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Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
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The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
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How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Top mailing list providers in the USA.pptxJeremyPeirce1
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Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
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The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
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Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
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Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
2. Published
in
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Industry,
USA,
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2010,
pp:
101-‐103
www.fibre2fashion.com
Available
at
www.nonwovens-‐india.com
Nonwovens and Technical Textiles in India: Current Scenario
Seshadri Ramkumar
Nonwovens & Advanced Materials Laboratory
Texas Tech University
Lubbock, TX 79409
E-mail: s.ramkumar@ttu.edu
In the recent past, India offered enormous excitement for the US and European technical
textiles sector. They all eyed India as an immediate new market offering enormous
opportunities. India’s growth is expected to be around 8% in the years ahead and should be
watched as a growth market. However, the landscape is not mature enough yet for the entire
segment of the nonwovens and the technical textiles industry of the developed world to start
having tremendous business opportunities. India’s government and the textile industry are
certainly optimistic for the growth in the technical textiles sector. This will be a welcoming sign
for the US and European manufacturers who are eyeing on new growth markets. This article
briefly will elaborate on the current textile industry scenario, need for diversification into
nonwovens and technical textiles sector, policy schemes and where there are immediate
opportunities.
Indian Economy and Growth Scenario
According to the recent Global Economics Prospects report by the World Bank, Indian economy
is expected to grow at a rate of 7.5-8% during 2010-12. In addition, according to this report, FDI
inflows are expected to grow due to India’s efforts to relax investment limits in some sectors and
the simplification of foreign direct investment procedures. This growth number was most
recently echoed by the Indian Prime Minister Dr. Manmohan Singh during his Nuclear Security
Summit meeting with the US President Obama. An important observation from the Prime
Minister’s remark which will be of particular interest to the industry is that India encourages
global free trade and is against protectionist approaches. This policy will help our industry to
start dialogues with Indian companies for new joint ventures, investments and trade
opportunities.
India’s rising middle income population will fuel the domestic consumption of products
such as hygiene and feminine care which will be the drivers for growth for the nonwovens and
technical textiles (NWTT) industry. The Asian Development Bank (ADB) in its latest report, “The
Asian Development Outlook 2010,” has stated that the strong domestic consumption and the
growing investments will put India’s economy in the growth trajectory. ADB emphasizes the
importance of domestic consumption and infrastructural investments on the growth of Indian
economy, meaning more opportunities for the technical textiles industry.
3. Published
in
Nonwovens
Industry,
USA,
May
2010,
pp:
101-‐103
www.fibre2fashion.com
Available
at
www.nonwovens-‐india.com
Status of the Indian Textiles Industry
India’s textile industry is a conventional industry dominated by cotton. According to a
recent report by the Ministry of Textiles, India, there are 1834 textile mills with an installed
capacity of 37 million ring spindles, 489,718 rotors and 56,526 looms. Compared to the capacity
of the conventional textile industry, the nonwoven roll good production is between 80,000 and
100,000 metric tons. Textiles industry, which includes the nascent technical textiles sector,
contributes 4% to the GDP and 14% to the industrial production. The two main reasons which
make the Indian textiles industry strong are: 1) export earnings and 2) employment
opportunities. India’s textiles industry employs some 35 million people directly and contributes
17% to the total export earnings of the country.
Need for Technical Textiles Sector in India
The economic strength of the Indian textiles industry comes from its export earnings.
The competitive advantage that India had in terms of its labor cost has been eroding slowly and
smaller nations such as Bangladesh and Vietnam due to cheaper labor and trade agreements
with the US and Europe are gaining advantageous positions with regard to foreign trade. More
recently, the decrease in the consumer spending and the global economic recession have
forced the Indian textile industry to start thinking seriously about technical textiles. The
government and the industry are looking for diversification opportunities to enlarge the overall
market size of the Indian textiles industry. India textiles industry wants to reach the size of US $
115 billion by 2012. The expectation is that the technical textiles sector will contribute at least
10% to the overall market size, which will be US $ 11.5 billion. The current value of the Indian
technical textiles sector is around US $8 billion. This means, India’s technical textiles sector has
to nearly double in size in years ahead. All stake holders, i.e., industry and trade associations,
Government, industry related trade associations and textile academia and working seriously to
build a viable technical textiles sector in India. In this connection, Government of India is playing
a significant role in creating awareness and developing a knowledge base for the NWTT sector.
Since mid 2000s, the government has supported many technical awareness programs. Both
INDA and EDANA have offered sector wise training programs in major textile hubs such as
Surat, Coimbatore, New Delhi, etc.
Market Size of India’s Technical Textiles Sector
In India, the value-added textiles industry is collectively grouped into to a single sector
commonly referred to as technical textiles. This sector encompasses fiber to converted products
industry. Indian technical textiles industry is nascent and highly fragmented. Government of
India sponsored a nation-wide market survey to estimate the size, need and the growth potential
of this industry. ICRA, a management consultancy undertook the government sponsored study
and has estimated the current market size to be 398,760 million Indian rupees (~US $8.86
billion). It is expected to grow at 11% to reach a size of 664,050 million Indian rupees (~US
$14.76 billion) by 2012-13. The consumption will be slightly under the market size. The report
divides the technical textiles sector into 12 segments as categorized by the TechTextil years
ago. The largest segments are Packtech, Clothtech, Indutech and Meditech. In my opinion, the
4. Published
in
Nonwovens
Industry,
USA,
May
2010,
pp:
101-‐103
www.fibre2fashion.com
Available
at
www.nonwovens-‐india.com
categorization of the nascent Indian technical textiles into 12 segments is premature and will
cause confusions. There are several products that can fit well in many segments and such a
categorization for an emerging market may not be suitable. In order to have an easier and
useful segmentation from the point of view of marketing, we have proposed a three way
classification of the technical textiles sector: 1) Consumer Products; 2) Institutional Products
and 3) Government Procurement Products. Consumer products include personal care, baby
care and hygiene products. In this category, global brands such as Huggies and Pampers have
penetrated into the market. Major players are P&G, Kimberly-Clark, SCA-Godrej and Johnson
and Johnson. Products from these major international companies are predominantly sold in
pharmacies and retails stores such as Birla’s More and Big Bazaars. The consumers that use
these products are predominantly middle-income, upper middle class and those from the upper
strata of the society. The cost and the lack of awareness prohibit the penetration of these
products into the rural and low income areas. There will be growth in the consumption of
institutional products such as geotextiles, automotive textiles and hospital products. India has a
plan to build 20 kilometers of national highway per day which will lead to more consumption of
technical textiles products. Government procurement category also offers scope as the Ministry
of Defense, Government of India has recently streamlined its procurement policies. Those
countries that have quality defense textiles products and liaison bodies in India will have
advantages over the others.
Policies of Interest
As elaborated above, Government of India values the contributions of the value-added
sector, i.e., technical textiles sector and has put in several positive schemes.
Technology Upgradation Fund: This scheme was launched as a post MFA quota support
policy in 1999 to make the textiles industry more competitive. This scheme supports the
investments in the NWTT sector in India and is extended till March 31st 2012. Until September
2009, 793,830 million rupees has been disbursed to a total of 26,277 projects not limited to
NWTT sector alone. Under this scheme, new technical textiles projects can obtain 10% capital
subsidy for machinery and 5% interest credit. Almost, all nonwoven and technical textiles
machinery including testing equipment are eligible for the capital subsidy. One of the success
stories in our sector has been the Ahlstrom Medical Fabrics project in the State of Gujarat, India
which has availed the benefits of supportive schemes provided by both the Central Government
of India and the State Government of Gujarat, India.
Scheme for Integrated Textile Parks: Government of India contributes towards the growth of
industry clusters by providing support for the cost of common facilities, infrastructure such as
power and building in the cluster projects with the aim of creating concentrated clusters
supporting growth and employment. Ideally 50 units are expected to be involved in the cluster
project. The Government of India will support up to 40% of the total project cost with a ceiling of
400 million Indian rupees (~ US $8.9 million). Setting up of converting sectors in the NWTT
industry will be ideal under the scheme.
5. Published
in
Nonwovens
Industry,
USA,
May
2010,
pp:
101-‐103
www.fibre2fashion.com
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at
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In addition to the above two central government schemes, export oriented industries that
are set-up in Special Economic Zones can avail additional tax exemptions.
Centers of Excellence in Technical Textiles: In order to raise the awareness and develop a
viable NWTT sector, Indian government has allocated 440 million Indian rupees (~ US $9.78
million) for the four centers established which will focus on agro, protective, geo and medical
textiles.
Concessional Custom Duties: Machinery which are used by the NWTT sector have been
placed under the concessional base custom duty regime of 5 percentage. This will allow the
total duty to be 18.61 percentage.
What the Indian NWTT Sector Needs?
1) There is an immediate need for the converting sector in India. Due to the growing
domestic consumption and increase in wages, the need for consumer products at
affordable rates will rise. International NWTT industry, machinery makers and trade
bodies should look for win-win opportunities in the creation of converting clusters.
2) India has adequate roll good manufacturers although not of high quality. The needs of
the domestic market as of today can be met with the existing capacity. There are
approximately 50 spunbond manufacturers with predominantly Chinese, Korean and
Taiwanese machinery. The industry at present is reluctant to invest in high-end
machinery as the market is not established and well built for marketing the products.
3) Technical schools to educate and train skilled workers who can be employed in the
growing NWTT sector are needed.
4) Knowledge on converting roll goods to end-user products is needed. This also includes
knowledge on chemical finishing and formulation developments.
5) Marketing know-how and coordinated approach towards marketing are needed.
All stake holders have realized the need for a coordinated body to represent the interests of the
growing technical textiles industry. The NWTT sector in India has just formed the Indian
Technical Textiles Association (ITAA) with its current headquarters in Mumbai.
To sum up, in 2008 (See Nonwovens Industry, February 2008), we predicted based on
the available GDP growth numbers for India from the World Bank, India’s NWTT sector will grow
at a rate of 13% in the following years. The government of India sponsored market survey by
the ICRA consultancy is forecasting a growth of 11% per annum. In a general sense, the growth
will be in double digits. As elaborated above, there is an emergent need to grow the converting
sector, which will spearhead the growth of other segments of the NWTT sector. Machinery
makers, fabric producers, fiber manufacturers and industry trade bodies should take note of the
above immediate needs of the Indian NWTT industry and the Indian market and engage in
relevant trade talks and promotional activities.
6. Published
in
Nonwovens
Industry,
USA,
May
2010,
pp:
101-‐103
www.fibre2fashion.com
Available
at
www.nonwovens-‐india.com
Source: Ministry of Textiles, Government of India.