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
India’s textile and clothing (T&C) sector is one of the oldest industries which has been playing a vital role to strengthen the Indian economy. Though the sector has faced a lot of fluctuations in recent times, the solid foundation of the sector is tough to be shattered. Team Apparel Resources prepares a presentation on the same to let the readers know more about Indian T&C sector, its present situation and the future directions.
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
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
India’s textile and clothing (T&C) sector is one of the oldest industries which has been playing a vital role to strengthen the Indian economy. Though the sector has faced a lot of fluctuations in recent times, the solid foundation of the sector is tough to be shattered. Team Apparel Resources prepares a presentation on the same to let the readers know more about Indian T&C sector, its present situation and the future directions.
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
Top 10 start ups that are taking india's apparel industry by stormApparel Resources
Start-ups have been receiving insurmountable support not only from the government in India but also investors from across the world. Here's a lowdown on top 10 start-ups making huge waves in the Indian apparel industry!
Top 10 start ups that are taking india's apparel industry by stormApparel Resources
Start-ups have been receiving insurmountable support not only from the government in India but also investors from across the world. Here's a lowdown on top 10 start-ups making huge waves in the Indian apparel industry!
Buying behaviour of working adults towards branded apparel in select indian c...Shubha Brota Raha
The Indian apparel market has demonstrated resilience and growth in an environment characterized by slow economic growth. The domestic apparel market, which was worth INR 207,400 crore (~USD 38 billion) as of 2012, is expected to grow at a compound average growth rate (CAGR) of 9% over the next decade. After food and grocery, it is the 2nd biggest category under organized as well as unorganized retail. Further, on 7 December 2012, the Federal Government of India allowed 51% FDI in multi-brand retail in India.
The face of Indian apparel market is changing very fast. A new class of customers with more money to spend, and a growing passion for fashion, has been generated by swift development and rising urbanization. In India’s high-growth, fast-changing retail clothing market, one can see significant new growth opportunities for foreign and domestic players. Much has been talked about all these issues viz. future of apparel retail in India, the impact of foreign players on the domestic apparel retailers etc. But we should not forget that customers are the end beneficiary of all the retail activities. As a democratic country with high growth rates, the consumer spending has risen sharply as the youth population (33 percent of India‘s population is below the age of 15) has seen a significant increase in its disposable income. The apparel fashion plays a paramount role in shaping apparel consumerism. As lifestyles change, fashion in India is becoming more diversified, as in the Western countries. Technology, ideas and lifestyles are moving concurrently and quickly. Indian market has high complexities in terms of a wide geographic spread and distinct consumer preferences varying by each region necessitating a need for localization even within the geographic zones. Companies and brands that offered monotonous and mundane products for years, have now multiplied their product ranges and new appealing styles, shapes and forms are being launched each season by them. Hence, it becomes crucial to find out the perception of customers towards the various retail developments in apparel segment and the factors responsible for choosing a particular apparel store.
In the view of the above, an attempt was made not only to analyze the customers’ perception towards various retail developments in apparel segment but also to find out their buying behaviour with special reference to three select regions in India – Delhi & NCR, Mumbai and Bangalore.
Indian Textiles and garment Industry
Various information regarding policy sector and recent investments and tax policy.It includes info. about key players and industry export opportunities also Current budget 2017 as financial supports in this industry.
September 2015 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Textile Industry
COMPANY ANALYSIS : Arvind Mills
BRAND ANALYSIS : MTV
Concept of the month: Market Share Paradox
Event Report : Consulting Induction Program
Project on study of employees job satisfaction, it can analysis all accepts. you can a good information through that.
and know the sanctification level of employees in the organization
List of Profitable Manufacturing Business Ideas in Textile, Apparel, Clothing...Ajjay Kumar Gupta
List of Profitable Manufacturing Business Ideas in Textile, Apparel, Clothing, Denim wear, Innerwear, Lingerie, Hosiery, Denim Jeans, Readymade Garments, and Under Garments Industry.
India’s textiles sector is one of the oldest industries in Indian economy dating back several centuries. Even today, textiles sector is one of the largest contributors to India’s exports with approximately 13 per cent of total exports. The textiles industry is also labour intensive and is one of the largest employers. The textile industry has two broad segments. First, the unorganised sector consists of handloom, handicrafts and sericulture, which are operated on a small scale and through traditional tools and methods. The second is the organised sector consisting of spinning, apparel and garments segment which apply modern machinery and techniques such as economies of scale.
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Challenges of Apparel Exports from India - Presentation @ Indian Institute...SN Panigrahi, PMP
I had an Opportunity to Provide Training to the Officials of Directorate of MSME, Govt. of West Bengal on "Training of Master Trainers for Export Consultancy in the Gems and Jewellery & Apparel Sector of West Bengal“
Through Indian Institute of Foreign Trade (IIFT), Kolkata on Hybrid Mode on 1st Dec'2021.
This is Part of West Bengal Government's Strategy to Promote Exports from the State. West Bengal Government Targeted to Double the Apparel Exports from the State in next 3-5 Years.
SN Panigrahi
A study of buying behaviour of working adults towards branded apparels in sel...Shubha Brota Raha
The Indian apparel market has demonstrated resilience and growth in an environment characterized by slow economic growth. The domestic apparel market, which was worth INR 207,400 crore (~USD 38 billion) as of 2012, is expected to grow at a compound average growth rate (CAGR) of 9% over the next decade. After food and grocery, it is the 2nd biggest category under organized as well as unorganized retail. Further, on 7 December 2012, the Federal Government of India allowed 51% FDI in multi-brand retail in India.
The face of Indian apparel market is changing very fast. A new class of customers with more money to spend, and a growing passion for fashion, has been generated by swift development and rising urbanization. In India’s high-growth, fast-changing retail clothing market, one can see significant new growth opportunities for foreign and domestic players. Much has been talked about all these issues viz. future of apparel retail in India, the impact of foreign players on the domestic apparel retailers etc. But we should not forget that customers are the end beneficiary of all the retail activities. As a democratic country with high growth rates, the consumer spending has risen sharply as the youth population (33 percent of India‘s population is below the age of 15) has seen a significant increase in its disposable income. The apparel fashion plays a paramount role in shaping apparel consumerism. As lifestyles change, fashion in India is becoming more diversified, as in the Western countries. Technology, ideas and lifestyles are moving concurrently and quickly. Indian market has high complexities in terms of a wide geographic spread and distinct consumer preferences varying by each region necessitating a need for localization even within the geographic zones. Companies and brands that offered monotonous and mundane products for years, have now multiplied their product ranges and new appealing styles, shapes and forms are being launched each season by them. Hence, it becomes crucial to find out the perception of customers towards the various retail developments in apparel segment and the factors responsible for choosing a particular apparel store.
In the view of the above, an attempt was made not only to analyze the customers’ perception towards various retail developments in apparel segment but also to find out their buying behaviour with special reference to three select regions in India – Delhi & NCR, Mumbai and Bangalore.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
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Exploring Patterns of Connection with Social Dreaming
Brief on Indian Textile and Apparel Industry
1. Indian Textile and Apparel
Overview
India is today recognized as one of the best sourcing destinations for garments, textiles,
accessories and finish: It provides a perfect blend of fashion, design, quality, patterns, textures,
colors and finish. Manufacturers here are ready to innovate, be flexible on quantities, have
hands- on approach to quality control and keep the integrity on deadlines.
As the world’s second largest producer of textile and garments, India’s garments exports
totaled US$ 10.70 billion during FY 2009-10, giving an inevitable market share of 3.2%. The
Americas EU, much of Asia and Middle East are India’s clients.
The Industry proudly supports 7 million people as a part of its workforce, and aims to double
this figure by 2011-12; even today it is the second largest provider of employment in the
country. For every INR 100000 Invested in the industry, an average of 7 additional jobs created.
The Apparel sector also contributes to 7% of India’s total exports recording decline of 0.35% in
2009-10 against 2008-09 due to global downturn.
Textile and Apparel’s contribution to India’s GDP
2. Indian Textile and Apparel Industry’s Size
India's textile and apparel (TandA) industry (domestic and exports) is expected to grow from
Rs.3.27 lakh crore ($70 billion) to Rs.10.32 lakh crore ($220 billion) by 2020, according to a
research report by Technopak Advisors, a leading management consultancy.
The report says that the domestic TandA market size in 2009 was Rs.2.18 lakh crore ($4 billion)
and is expected to grow at a compounded annual growth rate (CAGR) of 11 per cent to Rs.6.56
lakh crore ($140 billion) by 2020. The domestic apparel retail market was worth Rs.1.54 lakh
crore ($33 billion) in 2009 and will touch Rs.4.70 lakh crore by 2020.
Segment wise Market size and Projections
Even though, at present, the menswear has a majority share in the apparel market (43 per cent)
and is growing at 9 per cent, women's wear is growing at a higher rate of 12 per cent and is
expected to reach 43 per cent share in 2020 from the current 37 per cent of the market. Apart
from this, kids' wear is growing rapidly with higher growth in girl's wear (11 per cent) than boys
wear (10 per cent). The report said that the home textile market is expected to grow 9 per cent
CAGR from Rs.15,570 crore in 2009 to Rs.40,000 crore by 2020.
4. The report said that India has the potential to increase its export share in world trade from the
current 4.5 per cent to 8 per cent to reach $80 billion by 2020. The high growth of Indian
exports is possible due to increased sourcing shift from developed countries to Asia and India's
strengths as a suitable alternative to China for global buyers. Investments to the tune of Rs.3.20
lakh crore ($68 billion) across the textile supply chain will be required by 2020 to tap the
potential market created due to the growth of the industry and the investment required in the
garment sector by 2020 is $14 billion and for processing $19 billion.
Conclusion
The growth drivers of the industry, as predicted, shall be innovation across product, design, and
brand, channel and also business processes. Further, it is important for the industry to identify
and create new mega clusters — Madurai, Mundra, Ambala and Mangalore — having
tremendous potential for manufacturing. There is need for collaborative and aggressive
entrepreneurship, increasing scale through mergers and acquisitions, divestments and bringing
forth positive outlook for the industry to attract the best managerial and operational talent to
provide further impetus for growth within the industry.
Government’s Initiatives
The government has provided a new lease of hope with the introduction of enhanced subsidy
allocation for modernization of the textiles industry to ` 15,404 crores from earlier sanction of `
8,000 crores for the current Plan ending 2012.
The decision to increase the outlay and re-structure the Technology Upgradation Fund (TUF)
was taken by the cabinet committee on Economic Affairs recently.
Under the restructured scheme, 5 per cent interest subsidy and 10 per cent capital sops would
be provided on brand new looms.
The Indian Textile Industry contributes 14 per cent of the total manufacturing to global brands
like Nike, Reebok, Pepe Jeans, Armani and Versace for sourcing their merchandise from the
country.
Growth Opportunities
Yarn producers should forward integrate into garments to improve their profitability. This
strategy carries the costs and risks of moving commodity products to differentiated products.
Large garmenting companies should integrate backwards till the weaving stage. This will enable
them to emerge as bulk suppliers to global companies.
Companies manufacturing high-fashion short-run products may however choose to operate as
individually run units. They should focus on strengthening their design and fashion capabilities.
Depending on the risk appetite, some companies may focus on building and distributing their
own brands globally. It is a high margin, high risk business.