Objectives of the Eleventh Plan for Textile Industry<br /><ul><li>Build up world class state-of-the-art manufacturing capacities to attain and sustain predominant global standing in manufacture and export of textiles and clothing.
Attain the 9% share in global textile trade by the terminal year of the Plan period.</li></li></ul><li>Introduction<br /><ul><li>With China leading the global textile trade, India ranks second with 8%.
India’s share of the world trade in textiles (3.9%) and apparel (3%) is increasing
Exports grew by 8% in 2006-07 over the last year
Textiles is the second largest employer after agriculture, with about 35 million people directly employed</li></li></ul><li>Global Scenario<br /><ul><li>The global textiles and apparel trade estimated at US$ 450 billion.
For textiles, the European Union is the biggest exporter
Asia accounted for 45.1% of world textiles exports.
The EU and the US are the biggest importers of textiles.
Clothing provided more than 40% of total merchandise exports for Cambodia, El Salvador, Bangladesh, Sri Lanka, Mauritius and Lesotho.</li></li></ul><li>Industry Growth<br /><ul><li>Production of textile yarn witnessed a compounded annual growth rate (CAGR) of 3.6 per cent between 1996 and 2006.
Finished cloth has witnessed a higher CAGR of 4.1 per cent during the same period.
This growth outperforms the global production, which experienced a CAGR of 2.25 per cent (both yarn and cloth).</li></li></ul><li>Achievements<br /><ul><li>India has the highest number of looms.
India ranks 1st in jute production (at 1,900 million kilograms)
2nd in silk production (at 15 million kilograms of raw silk)
2nd in cotton exports (at 2,000 million kilograms)
2nd in cotton production (at 2,700 million kilograms of cotton fibre)
5th in man-made fibres(at 2,000 million kilograms)
Ranks 8th in the total production of wool (at 51 million kilograms) in the world.</li></li></ul><li>Opportunities for investing in theIndian Textile Sector<br /><ul><li>Cost competitiveness
It is estimated that this industry will require US$ 22 billion of new capital investments over the next five years.
Encouraging institutes as NIFT (National Institute of Fashion Technology) and Apparel Training and Design Centres (ATDCs) offer courses in Textile Engineering.</li></li></ul><li>Cont..<br /><ul><li>Government initiatives to promote investment
Fiscal Incentives US$ 0.14 million for projects.
Textile cluster in Panipat, which is one of the largest textile clusters in India and is proactive in setting up textile-promoting SEZ’s and FEZ’s (Free Enterprise Zones).</li></li></ul><li>Cont..<br /><ul><li> ANDHRA PRADESH
The state of Andhra Pradesh is one of the major exporters of textiles in the country at US$ 90 million in 2003-04.
Will government policy influence laws that regulate business?
What is the government's policy on the economy?
Does the government have a view on culture and religion?
Is the government involved in trading agreements such as EU, NAFTA, ASEAN, or others?</li></li></ul><li>Economic Factors<br /><ul><li>Marketers need to consider the state of a trading economy in the short and long-terms.
This is especially true when planning for international marketing. You need to look at:
The level of inflation Employment level per capita.
Long-term prospects for the economy Gross Domestic Product (GDP) per capita.</li></li></ul><li>Socio-cultural Factors <br /><ul><li>It is very important that such factors are considered. Factors include:
What are the roles of men and women within society?</li></li></ul><li>Technological Factors <br /><ul><li>Technology is vital for competitive advantage, and is a major driver of globalization. Consider the following points:
Does technology allow for products and services to be made more cheaply and to a better standard of quality?
Do the technologies offer consumers and businesses more innovative products and services.
How is distribution changed by new technologies.
Does technology offer companies a new way to communicate with consumers e.g. CRM </li></li></ul><li>MAJOR PLAYERS<br />26<br />
COMPARISON BETWEENKEY PLAYERS<br /><ul><li>ARVIND MILLS- It is the flagship company of the LALBHAI GROUP.
Established in the year 1931 by Kasturbhai Lalbhai with a share capital of Rs. 25,25,000.
Sanjay Lalbhai is the CEO & MD of the company.