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    Rowth OF Ndian Textile Sector: Manisha Aggarwal 012

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    jeet_singh_deep
    The Indian textile industry is an important sector of the Indian economy, contributing 14% to industrial production, 4% to GDP, and 16% to export earnings. It has a total market size of $38 billion and provides employment for over 35 million people. The industry operates in clusters across India and is diverse, ranging from hand-spun and hand-woven sectors to capital-intensive mills. It has strengths such as abundant and low-cost raw materials and labor. However, it also has weaknesses like fragmentation, overdependence on cotton, and lack of technological development. The government has implemented various initiatives and policies to attract investment and the industry has opportunities for growth in domestic and international markets.

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    Rowth OF Ndian Textile Sector: Manisha Aggarwal 012

    Uploaded by

    jeet_singh_deep
    44 views12 pages
    The Indian textile industry is an important sector of the Indian economy, contributing 14% to industrial production, 4% to GDP, and 16% to export earnings. It has a total market size of $38 billion and provides employment for over 35 million people. The industry operates in clusters across India and is diverse, ranging from hand-spun and hand-woven sectors to capital-intensive mills. It has strengths such as abundant and low-cost raw materials and labor. However, it also has weaknesses like fragmentation, overdependence on cotton, and lack of technological development. The government has implemented various initiatives and policies to attract investment and the industry has opportunities for growth in domestic and international markets.

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    The Indian textile industry is an important sector of the Indian economy, contributing 14% to industrial production, 4% to GDP, and 16% to export earnings. It has a total market size of $38 billion and provides employment for over 35 million people. The industry operates in clusters across India and is diverse, ranging from hand-spun and hand-woven sectors to capital-intensive mills. It has strengths such as abundant and low-cost raw materials and labor. However, it also has weaknesses like fragmentation, overdependence on cotton, and lack of technological development. The government has implemented various initiatives and policies to attract investment and the industry has opportunities for growth in domestic and international markets.

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    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    44 views12 pages

    Rowth OF Ndian Textile Sector: Manisha Aggarwal 012

    Uploaded by

    jeet_singh_deep
    The Indian textile industry is an important sector of the Indian economy, contributing 14% to industrial production, 4% to GDP, and 16% to export earnings. It has a total market size of $38 billion and provides employment for over 35 million people. The industry operates in clusters across India and is diverse, ranging from hand-spun and hand-woven sectors to capital-intensive mills. It has strengths such as abundant and low-cost raw materials and labor. However, it also has weaknesses like fragmentation, overdependence on cotton, and lack of technological development. The government has implemented various initiatives and policies to attract investment and the industry has opportunities for growth in domestic and international markets.

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    GROWTH OF INDIAN

    TEXTILE SECTOR

    Manisha Aggarwal 012

    INDIAN TEXTILE INDUSTRY - IMPORTANT FROM PERSPECTIVE OF OVERALL ECONOMY

    Total market size (2010-2011): USD 38 bn Domestic market ~ USD 25 bn Exports ~ USD 13 bn Strong contribution to Indian Economy 14% contribution to industrial production 4% contribution to GDP 16% contribution to export earnings Direct employment to more than 35 million people Industry functions in the form of clusters (roughly 70 in number) across India, producing 80% of the countrys total textile Sector is diverse, with the hand-spun and hand woven sector at one end of the spectrum, and the capital intensive, sophisticated mill sector at the other

    SWOT ANALYSIS
    Strengths:

    Indian Textile Industry is an Independent & Self-Reliant industry. Abundant Raw Material availability that helps industry to control costs and reduces the lead-time across the operation. Availability of Low Cost and Skilled Manpower advantage to industry. provides competitive

    Availability of large varieties of cotton fibre and has a fast growing synthetic fibre industry.
    India has great advantage in Spinning Sector and has a presence in all process of operation and value chain.

    SWOT ANALYSIS
    Weaknesses:

    Indian Textile Industry is highly Fragmented Industry.

    Industry is highly dependent on Cotton.


    Lower Productivity in various segments. Lack of Technological Development that affect the productivity and other activities in whole value chain. Infrastructural Bottlenecks and Efficiency such as, Transaction Time at Ports and transportation Time.

    Unfavourable labour Laws.


    High Indirect Taxes, Power and Interest Rates.

    SWOT ANALYSIS
    Opportunities:

    Growth rate of Domestic Textile Industry is 6-8% per annum. Large, Potential Domestic and International Market. Product development and Diversification to cater global needs. Elimination of Quota Restriction leads to greater Market Development. Emerging Retail Industry and Malls provide huge opportunities for the Apparel, Handicraft and other segments of the industry. Greater Investment and FDI opportunities are available.

    SWOT ANALYSIS
    Threats:

    Competition from other developing countries, especially China. Continuous Quality Improvement is need of the hour as there are different demand patterns all over the world. Elimination of Quota system will lead to fluctuations in Export Demand. Threat for Traditional Market for Power loom and Handloom Products and forcing them for product diversification. To balance the demand and supply. To make balance between price and quality.

    GOVERNMENT REGULATIONS AND POLICIES

    SEVERAL GOVERNEMNT INITIATIVES TARGETIED TO ATTRACT INVESTMENTS

    MAJOR INDIAN PLAYERS

    FOREIGN PLAYERS IN INDIA

    CONCLUSION

    Government is playing the role of facilitator by taking various majors. Its now for players to make investments in building the capacities and making them integrated manufacturers. The industry enjoys significant strength and advantages, such as availability of raw materials, labour, domestic market and supportive government policies. The home textile sector in India is in for booming times Save for major implementation problems, India poised to become a leader in this sector

    THANK YOU..!!

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