The document discusses factors affecting Indian cotton textile exports. It provides an overview of the current scenario of the Indian textile industry, including key statistics on textile exports and segmentation. It then discusses the various segments of the textile industry and India's competitiveness compared to other nations. The document also summarizes information about Oswal Woollen Mills Ltd., including its product portfolio, export markets, departments, SWOT analysis, and financial ratios. It outlines the objectives and methodology of the summer training project and provides limitations. Data analysis includes figures on respondents' profiles and responses to questions about issues, the government, competitors, and more. Key findings are summarized in short paragraphs. Suggestions provided in the conclusion include continuing the
1. SUMMER TRAINING PROJECT at OSWAL WOOLLEN MILLS LTD Factors Affecting Indian Cotton Textile Exports Presented By: - AmitChawla - MBA (IB) Roll No :-94972238258
2. Current Scenario - INDIAN Textile Industry Textile exports are targeted to reach $50 billion by 2010. $25 billion of which will go to the US , other markets include UAE, UK, Germany, France, Italy, Russia, Canada ,Bangladesh and Japan. Today textile sector accounts for nearly 14% of the total industrial output. Indian Textiles export have almost 30% share in Overall exports from the country.
3. Current Scenario - INDIAN Textile Industry Because of the lifting up of the import restrictions of the multi-fibre arrangement (MFA) since 1st January, 2005 under the World Trade Organization (WTO) Agreement on Textiles and Clothing, the market has become more competitive.
4. Current Scenario - INDIAN Textile Industry Textile industry is undergoing a substantial re-orientation towards other then clothing segments of textile sector, which is commonly called as technical textiles. The processes in making technical textiles require costly machinery and skilled workers
5. Segments of Textile Industry Readymade Garments Cotton Textiles including Handlooms Man-made Textiles Silk Textiles
6. Segments of Textile Industry Woollen Textiles Handicrafts including Carpets Coir Jute
12. OswalWoollen Mills Ltd. @ Glance Group turnover is over Rs 2500 crore No strike/accident situation and no zero staff turnover Brand names “ Monte Carlo” & “ Canterburry” OWM were the proud recipient of the “BEST EXIBITED PRODUCTS ” award from the international wool secretariat
13. Social upliftment at every level :- JawaharLalOswal Public Charitable Trust Mohan Dai Oswal Memorial Hospital
14. Vision & Mission Vision “Success is the ongoing journey not destination” Mission “Stepping Ahead into realm of New Challenge”
15. Board Of Directors Mr. JawaharLalOswal Chairman-Cum-Managing Director Mr. Amarjeet Singh Director Mr. DineshOswal Director Mr. KamalOswal Director Mr. Sandeep Jain Executive Director Mr. DineshGogna Executive Director Dr. (Mrs.) H.K. Bal Additional Director Mr. O.P. Sahni Additional Director Mr. K.S. Maini Additional Director Dr. Suresh Kumar Additional Director
46. Title “Factors Affecting Indian Cotton Textile Exports”
47. Objectives To study the different problems related to cotton textile industry in Ludhiana To study the Government role in cotton textile exports To analyze the competition faced by Indian cotton textiles industry in International market To study the role of export promotion council in promoting exports.
48. Research Methodology Research Design Descriptive Data Collection Primary - Schedule Secondary – Internet , E-Journals, E-Papers
50. Statistical Tools Simple tabulation of data using tally marks. Calculating the percentage of the responses. Formula used: Percentage= (Number of responses/Total responses)*100 Graphical analysis by means of bar graphs, pie charts Average method to calculate the average of particular schemes.
51. Limitations of the Study The conceptual framework and research questions have bound the study, keeping it focused, yet simultaneously limiting the method and topic of the research. The recognized limitations of this study deal with the topic, the sample size, and the lack of existing literature. The number of participants, their location, and the quantity and amount of time spent in getting the schedules filled were constraints balanced by the quality of the data gathered.
52. Limitations of the Study Many of the respondents were busy in their work so they have not given proper time to answer the questions. Sometime they give false information while answering questions. There might be chances of ambiguities in the analysis of data.
53. Limitations of the Study Best efforts were made to consider all important variables of the study. Chances of some of the variable not appearing in the study are also there. Some calculations have to be done with the statistical measures which are the biggest constrained for the research work because only percentage, Mean is being used in the research.
54. Limitations of the Study There was very less of respondents to prove the validity. Among the lot of exporters , only 30 filled the Schedules. Shortage of time & reach is also reason for incomprehensiveness. Many of the concerned persons contacted are very busy in their schedule that they don’t give away their 5 minutes to it. So the sample size remained small.
68. Findings Most of the exporters are of garments (63%) in Ludhiana. Then after that the exporters of yarn ie (20%) and after it comes the fabric and others Mostly the companies which export their cotton textile products range up to 50 %. Rests are only domestic sales and here are only few export houses which fall in range of 76 – 100% exports which are complete export house. 57% of the respondents had rated Price variations in the raw material as a major concern for the trade as there are lot of fluctuation in the cotton crop prices which may be due to many factors such as Seasonality, Monsoon etc.
69. Findings Major issue related to the Labour is the Availability aspect as major part of the Hosiery or Spinning business is dependent upon the labour but since Bihar Govt is providing a lot of retention schemes for native people so rather coming to Ludhiana for a job of Rs 5000-7000, they prefer to stay back. Major problem faced by the respondents related to the Marketing are Competition that contributes to the tune of 56% as there are small players in the Garment manufacturing
70. Findings Most of the Companies are dissatisfied (40%) from the Government as government has withdrawn DEPB incentives, TUFS scheme etc & maximum companies are neutral (43%) on the government support in helping the exports wit only 17% satisfaction level. CHINA have been the arch rivals for India in various sectors & there is no difference in Textile sector
71. Findings The cost of producing is very cheap because of economies of scale & moreover the cost of wages is higher for the labour but if we compare it with the efficiency of the labor which is 8 times higher in China than India. 50% of the people feel that the Product prices are a major hurdle in the industry which might be due to the fact in case of spinning the bigger players have the capacity to procure Cotton at cheaper rates.
72. Most Companies do not face any restrictions by the government in exporting their product to other countries i.e. 23 respondents out of 30 which is nearly 77% of the respondents. Respondents are of the view that there are also some special incentives which have been provided from time to time by the government to boost up the Textile trade in the country & internationally. Findings
73. Findings TUFFS & DEPB were almost ranked on the similar scale so now it is up to State & Central Govt to work in tandom so that the sector could reap maximum benefits & hence could contribute further in bringing in more foreign reserves into the sector. There was more of mixed response coming in from the respondents regarding the support provided my Export Promotion Council as 40% of the respondents had entered ALWAYS & 47% of them responded Sometimes.
74. Conclusion & Suggestions….. Technology Up-gradation Fund Scheme to be pursued till next five years Liberalization of FDI Policy with up to 100 per cent foreign equity participation. TUFFS & DEPB