Textile industry in india

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Information about Textile industry in india
Business-Finance

Published on September 5, 2007

Author: Demian

Source: authorstream.com

Slide 2: The global textile & apparel industry generated total revenue of USD 1467.5 Billion. The global apparel and accessories industry generated total revenues of USD 1,098.6 Billion in 2005; equivalent to 74.9% of the overall industry value. The global textile sector was worth USD 214.7 Billion in 2005, which represented 14.6% of the Industry value share. The global textile & apparel industry is expected to reach a value of USD 1,781.7 Billion by the end of 2010. Source: Ernst & Young India Slide 3: India contributes to about 25% share in the world trade of cotton yarn. India, the world’s third-largest producer of cotton and second-largest producer of cotton yarns and textiles, is poised to play an increasingly important role in global cotton and textile markets as a result of domestic and multilateral policy reform. Indian textile industry contributes about 22 % to the world spindleage and about 6 % to the world rotor capacity installed . India has second highest spindleage in the world after China with an installed capacity of 38.60 Million Slide 4: Textile industry contributes about 61% of the world loomage. Indian textile industry has the highest loomage (including handlooms) in the world and contributes about 61% of the world loomage. It contributes about 12% to the world production of textile fibers and yarns. India is one of the largest consumers of cotton in the world, ranking second to China in production of cotton yarn and fabrics and first in installed spinning and weaving capacity Total consumption of cotton/ man-made fibers and filament yarns is 5155 Million Kg (2004-05) Slide 5: Through export friendly government policies and positive efforts by the exporting community, textile exports increased substantially from USD 7.55 Billion in 1993-94 to USD 17 Billion in 2005-06. The ready made garment sector is the biggest segment in the India’s textile export basket contributing over 46% of the total textile exports. Export of cotton based items continue to pre-dominate which is natural in view that India is the world’s third-largest producer of cotton Exports have grown at an average of 9.47% p.a over the last decade. Textiles exports (including Jute, Coir & handicraft): USD 13065.24 Million (2004-05). Slide 7: Source: Compendium of Textile Statistics 2006,Office of Textile Commissioner Slide 8: Strength Post 2005, removal of quota restrictions to give a major boost. Export target in textile at USD 50 Billion by 2010. Low per capita consumption in India (2.8 vs. Global average of 6.8). Cost competitiveness. Source: Compendium of Textile Statistics 2006,Office of Textile Commissioner Slide 9: Fragmented Industry Effect of Historical Government Policies Technological Obsolescence Slide 10: Indian companies need to focus on Product Development Increased use of CAD to develop designing capabilities Investing in Trend Forecasting to enable the growth of industry The growth opportunities exist in following areas: Medical textiles Construction textiles Packaging textiles Baby diapers Home textiles( with fire-retarded fabric) Blankets and Traveling rugs Bed, tale, toilet and kitchen linen Curtains, drapes, interior blinds Furnishing articles Sacks and bags Tarpaulin, sail, tent, camping goods Slide 11: Competition in Domestic Market Need to improve the Working Conditions of the people who are involved in this profession. Need to revamp Consumer Consciousness Tackle Chinese Aggression over the International Market Source: KPMG India Slide 13: Setting up Textile Industries oriented SEZs Starting up new courses like Textile Manufacturing and Textile Technology at ITIs and Engineering Institutes Liberalized labour laws, tax and other benefits of a Special Economic Zone need to be implemented Access to high quality and cost-effective manpower Excellent connectivity by road, rail air and ports Single-window clearance

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