Free Essay

Indian Textile Scenario


Submitted By dannytom
Words 2811
Pages 12
Liaison Office, India

Indian Textile Industry Scenario June 2013
1. Market Information: Application Industry 1.1 India’s textile exports may grow 15% in 2013-14 1.2 SEL posts 70.5% jump in FY’13 turnover 1.3 India’s Cotton Exports to exceed estimates: USDA 1.4 Extended interest subvention to aid textile exports: FIEO 2. Market Information: Manufacturing Industry 2.1 India’s TUFS disbursement for 2012-13 at Euro 330 million 3 4 5 6 7 8 9 Government Information: 3.1 Development of textile industry in North Eastern States Indian Manufacturers & Dealers General Economic Information Exhibitions & Seminars Special Rates at Hotels in India Activities and Services of VDMA Liaison Office – India About the Author/Editor 2 2 3 3 4 4 5 5 6 7 7 8

Please Note: 1 crore: 10 000 000 1 lakh: 100 000 1 Euro: Rs 65

Created by VDMA India Textile Machinery Division

Indian Textile Industry Scenario, June 2013

VDMA Liaison Office

1. Market Information: Application Industry 1.1 India’s textile exports may grow 15% in 2013-14 India’s textile exports for the current fiscal year 2013-14 are likely to grow by 15 percent over last year, Minister of State for Textiles Panabaaka Lakshmi has said. During the first eleven months of last fiscal year, India exported textiles worth Euro 17.57 billion, registering a dip of 4.1 percent, owing to slow demand from Western markets. The Minister expressed hope that the performance of the country’s textile sector would improve this fiscal, as demand from Western markets has started to revive. Traditionally, around 60 percent of India’s textile exports are exported to the EU and the US. The Minister said the order flow from the US market has increased, however, the demand from European market is still slow. She added that Indian textile exporters have started exploring new markets like Russia, Latin America and Africa.

1.2 SEL Posts 70.5% jump in FY’13 turnover SEL Manufacturing Company Limited, an integrated textile conglomerate having presence in yarns, knitted fabrics, terry towel, ready-made garments and captive power generation, has witnessed 70.57% jump in its turnover to Euro 611 million (Rs. 3975.62 crore) during the financial year ended 31st March, 2013 as compared to Euro 358 million (Rs. 2330.83 crore) in the last fiscal. SEL’s consolidated EBIDTA has risen to Euro 110 million (Rs. 719.76 crore) during the year ended 31st March, 2013 as compared to Euro 60.3 million (Rs. 392.75 crore) in the previous year, registering an increase of 83.26%. Net Profit after Tax increased from Euro 12.68 million (Rs. 82.47 crore) to Euro 21 million (Rs. 136.99 crore), recording an increase of 66.11% during the financial year ended 31st March, 2013. SEL is fast on its way to implementation of new units and expansions. SEL Textiles Limited, a wholly-owned subsidiary of SEL Manufacturing Company Limited commissioned the state-ofthe-art Greenfield Mega Integrated Textile Park at Village Panjava, District Muktsar, Punjab in April, 2013. In the first phase, SEL commissioned the yarn spinning section, which is being set-up with a capacity of nearly 200,000 spindles. This Textile Park would catalyse significant additional investments in the textile industry of Punjab. On the one hand, the plant will be ultra-modern with the latest technology and strong systems, on the other hand, special emphasis will be laid on employment of women and regional workforce besides development of green-belts. The major raw material for the project i.e. cotton shall be procured mainly from the northern belt consisting of Punjab, Haryana and Rajasthan, hence creating value-addition for the textile sector in the region. The textile park will generate substantial employment opportunities. The project will also contribute significantly to the State Exchequer. SEL is confident that its expansion initiatives will not only catalyse industrial activity in India but also contribute to India’s standing in the textile sector of the world.


Indian Textile Industry Scenario, June 2013

VDMA Liaison Office

1.3 India’s Cotton Exports to exceed estimates: USDA India’s cotton exports for the 2012-13 marketing year ending in July are likely to surpass the earlier estimates of 7.2 million bales of 170 kg each, a recent report of the US Department of Agriculture (USDA) says. The report pegs India’s cotton exports at 9.2 million bales during the ongoing marketing season, which would, however, be 34 percent lower than last year’s exports of 14.17 million bales. By April end, India’s cotton export registrations had reached 8.9 million bales, while actual exports exceeded 8.5 million bales, the report said. However, exports for April were considerably low at 200,000 bales as exports to China almost came to a standstill. India’s Cotton Advisory Board (CAB) has upwardly revised the country’s cotton production estimates for the 2012-13 season to 34 million bales from its earlier estimates of 26.5 million bales. By April, the country harvested 29 million bales, which is the same as the quantity of cotton harvested by this time last year, but 3 percent lower than 2010-11’s output, the report titled “Cotton and Products Update April 2013” said. Analysing the demand-supply situation on the basis of CAB data, USDA said consumption remains steady on account of strong demand for yarn from China and Bangladesh. Holding around 2.1 million bales in unsold stock, state-owned Cotton Corporation of India (CCI) initiated the process of releasing the stocks on April 26 this year, by auctioning 25,000 bales. Both the textile industry and the CCI have been urging for releasing the unsold stocks for over weeks, however, the corporation presently it does not have the permission to auction anything in excess of 25,000 bales, USDA said. According to the report, owing to its proximity to leading textile manufacturing area around Tamil Nadu’s Coimbatore, almost all of the CCI cotton is in Andhra Pradesh, however there are concerns regarding the quality of CCI cotton, it added. USDA cautioned that the longer the time for which CCI clings to these stocks, higher are the probabilities that future auctions would lead to a fall in prices, particularly as farmers are deciding on their crop plantations for 2013-14. 1.4 Extended interest subvention to aid textile exports: FIEO Mr. M Rafeeque Ahmed, President, Federation of Indian Export Organisations (FIEO) while commenting on the expansion in the interest-subvention scheme including 6 tariff lines for textiles including made-ups and 101 tariff lines in case of engineering goods besides the 134 lines that were included in January 2013 stated that this would provide some leeway to the MSME export sector who are impacted by the recessionary conditions in the global markets affecting exports of Engineering and Textiles, both of which declined by about 4% in last fiscal. FIEO Chief stated that the six tariff lines for textiles included: Blankets and Travelling Rugs ; Bed Linen, Table Linen, Kitchen Linen ; Curtains Including Drapes) And Blinds ; Sacks And Bags, Awnings And Sunblinds; Other Made Up Articles etc . Given that the turnover of the textile industry is pegged at Euro 43.45 billion at current prices with exports accounting for 36 per cent , India ranked third in global textile export, coming up behind China and the European Union . Being intensively employment oriented, the extension of interest subvention may come as the much needed relief which was announced in the Annual FTP announced in April this year said Mr. Ahmed.

Indian Textile Industry Scenario, June 2013

VDMA Liaison Office

President, FIEO stated that the 12th Plan document for boosting engineering exports inter-alia suggested reducing credit costs as a necessary pre-requisite for exports. Coverage of more Engineering products for interest subvention is a step to reduce cost of credit and impart competitiveness to Engineering exports which dominate export basket. 2. Market Information: Manufacturing Industry 2.1 India’s TUFS disbursement for 2012-13 at Euro 330 million (Rs 21.50 bn) Around Euro 330 million (Rs. 21.51 billion) of the total Euro 357 million (Rs. 23.23 billion) earmarked under the Technology Upgradation Fund Scheme (TUFS) for 2012-13, have been disbursed by the Indian Textile Ministry. During the previous year, allocation under the same scheme stood at Euro 569 million (Rs. 37 billion), while disbursements totalled to Euro 451.8 million (Rs. 29.37 billion) The scheme, launched since 1999, aims at providing low-rate credit to local textile entrepreneurs in the organized as well as unorganised sector, to help them modernize and upgrade their textile facilities. The scheme mainly focuses on modernization of processing, spinning, weaving, garmenting and technical textiles segments, where there is good scope for massive employment generation and value-addition. 3. Government Information 3.1 Development of textile industry in North Eastern States All the major schemes of the Ministry of Textiles are implemented all over India including the North Eastern States. As per the Government decision, the Ministry of Textiles has been earmarking 10 percent of its total budget outlay exclusively for the North Eastern States. During the current year the Ministry of Textiles has formulated three new schemes exclusively for implementation in the North Eastern States. These Schemes are North Eastern Textile Promotion Scheme, Scheme for usage of Geotextiles in the North Eastern States and Scheme for Promoting Agrotextiles in North Eastern States. The Government has taken various initiatives to address the issue of deficit of trained manpower in the handloom sector and bridge the gap between the skill and the market requirement. The Scheme of Integrated Skill Development for Handloom workers targets to create a pool of 50,900 trained weavers in the span of five years from 2012-13. Skill upgradation is also one of the important inputs in the cluster development programme of Integrated Handloom Development Scheme (IHDS). For the betterment of skilled labour in the handloom sector, the government has introduced policy initiatives such as cluster development approach, marketing promotion, revival of viable and potentially viable societies through loan waiver and recapitalization assistance, availability of subsidized yarn and credit etc. In addition, life insurance and health insurance coverage is also being provided to handloom workers. Similarly, for the betterment of sericulturists, the government is implementing schemes such as Catalytic Development Programme. In addition, the Government has introduced the Integrated Skill Development Schemes (ISDS) in 2010-11 with the objective of creating a skilled workforce for the textile sector. Under this scheme, a total of 1,00,000 persons have been trained since the beginning of the scheme. An outlay of Euro 292.3 million (Rs.1900 crore) has been provided for training 1.5 million persons during the 12th Plan.


Indian Textile Industry Scenario, June 2013

VDMA Liaison Office

4. Indian Manufacturers and Dealers Company Products Wet Processing & Finishing Swastik Textile Engineers machinery for Pvt. Ltd Mr. Mehta  Woven Fabric Managing Director  Knit Fabric Swastika Premises, Amraiwadi,  Yarn & Fibre Ahmedabad – 380026, India  Terry Towel Tel: +91 79 65435017  Technical Textile Fax: +91 79 2274 9131  Nonwovens

Profile Established in 1937 as a trading concern, SWASTIK was converted into a Private Limited Company in 1946. Manufacturing activities commenced in 1947. In 1958 the Engineering Division started producing Textile Wet Processing Machines, under license from world-renowned manufacturers like MEZZERA S.P.A. & COMERIO ERCOLE S.P.A. of ITALY as well as other reputed European manufacturers. Now, with more than 50 years of manufacturing experience

5. General Information 5.1 Indian Economy to grow 6.1% in year 2013-14 The World Bank on Tuesday scaled down India’s GDP growth forecast to 6.1% for the current fiscal (2013-14) from its earlier estimated 7% but underlined that growth is expected to recover gradually. According to the World Bank’s latest India Development Update, a twice-yearly report on the Indian economy and its prospects, economic growth is likely to accelerate to over 6% during the current fiscal year, up from an estimated decade low growth of 5% in the previous fiscal year. Growth is expected to further increase to 6.7% in the next fiscal year, it said. The reduced forecast is largely due to estimated farm sector growth of 2% during 2013-14 against the previous estimate of 2.7%, despite normal monsoon projections. “Despite the current downturn, long-term prospects remain bright for India,” said Martin Rama, chief economist, South Asia, World Bank. “India possesses the fundamentals to grow at sustained high rates over the next several decades,” he added. In recent months, both wholesale price index-based inflation and trade deficit have declined. Inflation fell below 6% and is now within the Reserve Bank of India’s (RBI’s) comfort range. With the stabilization of the rupee and expectations of a good monsoon, inflation is expected to decline further, the update said. The current account deficit, which reached a record high of 6.7% during October-December 2012, is also expected to narrow in the medium term.


Indian Textile Industry Scenario, June 2013

VDMA Liaison Office

6. Exhibitions and Seminars

Techtextil India 2013 International Trade Fair for Technical Textiles and Nonwovens Date Venue Organizer Profile Messe Frankfurt Trade Fairs Exhibitor Profile 03Bombay India Pvt. Ltd. 05.10.2013 Exhibition 215 Atrium, 4th Floor, C-420, Center,  Research, Andheri Kurla Road, Chakala, Goregaon(E) Development, Andheri (E) Mumbai Planning Mumbai - 400 059 Consultancy Tel: +91-22-6144 5900 (Fax): +91-22-6144 5999  Technology, Machinery for Exhibits: Accessories Bijoy Varghese Deputy Project Head Contact: +91 22 6144 5960 Email: bijoy.varghese@india.messefr Amita Singh Sales Executive Contact: +91 22 6144 5961 Email:amita.singh@india.mes  



     

Fibres and Yarns Wovens, Scrims, Braids and Knitted Fabrics Nonwovens Coated Textiles Composites Bondtec (Surface & Bonding techniques) Associations Publishers


Indian Textile Industry Scenario, June 2013

VDMA Liaison Office

7. Special Rates at Hotels in India We have negotiated special rates for VDMA member companies with Taj Group, Oberoi Group & ITC Group of Hotels covering not only the major cities like New Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad but also other destinations in India like Goa, Agra, Rajasthan, Kerala and many others. The discounts range from 25% up to 45% depending on the city and the hotel. However these discounted rates would be valid only when the booking is done through VDMA Liaison Office in Kolkata. For further details or reservations feel free to contact us.

8. Activities and Services of VDMA Liaison Office in India  Promotion of sales of members in participating divisions within VDMA, especially exports, including participation in exhibitions.  Organizing symposia and similar presentations of German companies in India.  Participating in and servicing bilateral program such as those in existence, with governmental participation between Germany and India.  Furnishing of information about the complete product program of the German industry to assist Indian companies to identify right partners for mutual business relationship.  Providing information on market trends, prospects, future development, new projects and tenders. Please contact us at: VDMA North India Office Mr. Sumit Sharma (Regional Manager) C 25, Sector 61 Noida 201301, INDIA TEL :- 00- 91- 120 - 4255029 FAX :- 00- 91- 120 - 4255029 Mobile :- +91 93505 19034 E-mail: VDMA Liaison Office Mr. Rajesh Nath (Managing Director) GC 34, Sector III, Salt Lake Kolkata – 700106 / India Tel.: 0091-33-2321 9522 / - 2321 7391 Fax: 0091-33-2321 7073 E-mail:


Indian Textile Industry Scenario, June 2013

VDMA Liaison Office

9. The Author

Sumit Sharma, representative of VDMA North India Office, which was established officially in October 2006, was born in January 1977 and studied in New Delhi. He completed his graduation in Entrepreneurship and Small Business from Delhi University, with distinction in the year 1999. Thereafter, from 2001 to 2006 he pursued a career in marketing with a division of Samsung Electronics, based at Mumbai heading the states of Maharashtra & Gujarat. He returned to Delhi in October, 2006 to work for VDMA Noida office. His responsible sub-sectors include VDMA Textile Machinery, VDMA Woodworking Machinery, VDMA Agricultural Machinery, VDMA Cleaning Systems and co-ordination of activities with VDMA India Head Office at Kolkata. The North India office also maintains close contacts with the German Embassy, Industry Chambers of Commerce in Delhi as well as German and Indo-German Companies in North India.

VDMA India Quarterly Newsletter-German Machinery Industry The VDMA India office publishes a Quarterly Newsletter-German Machinery Industry. This Newsletter informs the Indian industry about the development in the German Machinery industry in various industrial sectors. This Newsletter has a circulation of around 8000 copies in different industrial divisions. The VDMA member companies have the possibility of giving an advertisement in this Newsletter at a discounted rate.

For further details, please contact: Ms Jamly John at:


Similar Documents

Free Essay

Performance of Textile Industry in Industrialisation: a Study with Reference to India

...PERFORMANCE OF TEXTILE INDUSTRY IN INDUSTRIALISATION: A STUDY WITH REFERENCE TO INDIA INTRODUCTION Prosperity of any nation is extremely difficult without industrial development – is a well established truth for all the economies – developing or developed. Economic development and industrialization have became so closely integrated with each other that progress of an economy is now accessed from the success it has achieved in transformation from agricultural set up into a industrial set up. Through industrialization a situation is created whereby many industries are set up rapidly and ultimately backward areas are converted into economically developed areas and backward economies into developed economies. Industrialization, infact is a composite term which involves a number of structural changes such as changes in the production techniques, factor intensities, industrial employment and output. Industrialization is not only a way to increase output or national income but is a means of introducing modern technology and changing ways of life and finally the structure of the economy because of its self-reinforcing quality. But the all above cannot be executed without a well planned industrial policy. The industrial polity provides direction to the pace of industrialization and industrial development. Hence, to industrialize the country, India too, framed industrial policy which was amended, modified and reoriented several times. The First Industrial Policy was framed in 1948...

Words: 6332 - Pages: 26

Free Essay


...Section B: Welspun India Industry Analysis – Textile Industry on Global Scale The global apparel and fashion trade is expected to grow to USD1 trillion by 2020. However with growth slowing down in developed markets, the dynamics of the global fashion market are expected to change dramatically. Emerging economies will fuel most of the growth in the fashion market. Brazil, Russian, India & China (BRIC) along with few other South-East Asian countries are seen as the major growth drivers. In addition to this, global apparel markets in the recent past have shown a paradigm shift, moving towards increased product differentiation, and catering to a diverse, aware, and demanding customer base. Retailers have thus gravitated toward demographic shifts, societal influences, economic influence, and environmental concerns. With growth in developed economics cooling, retailers are facing pressure due to restricted consumer spending. Under such conditions the global apparel value chain has shown a distinct shift both at the front- and supply-end. Recent Global Trends in Textile Sector * Increase in textiles and clothing global trade from US$ 355 billion in 2000 to US$ 602 billion in 2010 * Expected to reach US$ 1 trillion by 2020, CAGR of 5% pa. * China, India, Pakistan, Bangladesh, Thailand, Indonesia are leading suppliers and further expanding their capacities. * Established markets (North America, Western Europe) continue to show traction * Emerging markets...

Words: 2189 - Pages: 9

Free Essay


...Economic Study on Textile Industry A REPORT on Indian Textile Industry Indian Textile Industry The textile industry is the largest industry of modern India. It accounts for over 20 percent of industrial production and is closely linked with the agricultural and rural economy. It is the single largest employer in the industrial sector employing about 38 million people. If employment in allied sectors likes ginning, agriculture, pressing, cotton trade, jute, etc. are added then the total employment is estimated at 93 million. The net foreign exchange earnings in this sector are one of the highest and, together with carpet and handicrafts, account for over 37 percent of total export earnings at over US $ 10 billion. Textiles, alone, account for about 25 percent of India’s total forex earnings. India’s textile industry since its beginning continues to be predominantly cotton based with about 65 percent of fabric consumption in the country being accounted for by cotton. The industry is highly localized in Ahmedabad and Bombay in the western part of the country though other centers exist including Kanpur, Calcutta, Indore, Coimbatore, and Sholapur. The structure of the textile industry is extremely complex with the modern, sophisticated and highly mechanized mill sector on the one hand and the hand spinning and hand weaving (handloom) sector on the other. Between the two falls the small-scale...

Words: 5947 - Pages: 24

Free Essay


...The Indian textile industry is one of the oldest and most significant industries in the country. It accounts for around 4 per cent of the gross domestic product (GDP), 14 per cent of industrial production and over 13 per cent of the country's total export earnings. In fact, it is the largest foreign exchange earning sector in the country. Moreover, it provides employment to over 35 million people. The Indian textile industry is estimated to be around US$ 52 billion and is likely to reach US$ 115 billion by 2012. The domestic market is likely to increase from US$ 34.6 billion to US$ 60 billion by 2012. It is expected that India's share of exports to the world would also increase from the current 4 per cent to around 7 per cent during this period. Textile industry provides one of the most fundamental necessities of the people. It is an independent industry, from the basic requirement of raw materials to the final products, with huge value-addition at every stage of processing . Infact , it is estimated that one out of every six households in the country directly or indirectly depend on this sector. Here we analyze the sector's dynamics through Porter's five-factor model. 1) Threat of New entrants Indian Textile Industry is very dependent on personal contacts and experience. The new actors would have to bring some kind of client base along with the new establishment. Product differentiation may constitute a barrier of entry as manufacturers are heavily dependent on references...

Words: 1269 - Pages: 6

Free Essay

Project Report

...The Textile Apparel & Clothing Industry in India Market Research 2009 Market Research on Textile Clothing & Apparels Prepared for Italian Trade Commission, Trade Promotion Section of the Consulate General of Italy Mumbai By ACE GLOBAL PRIVATE LIMITED NEW DELHI, INDIA Table of Contents 1. Introduction................................................................................................................... 1 1.1 Objectives ................................................................................................................... 1 1.2 Coverage ..................................................................................................................... 1 1.3 Methodology ............................................................................................................... 2 Secondary Research ...................................................................................................... 2 Primary Survey .............................................................................................................. 2 1.4 Draft Report ................................................................................................................ 3 2. Market Characteristics................................................................................................... 4 2.1 Market Size ................................................................................................................. 4 2...

Words: 3013 - Pages: 13

Premium Essay

International Finance

... The Indian Textile Industry is one of the largest segments of Indian economy accounting for over 20% of the industrial production as well as providing employment to around 65 million persons. It enjoys the distinction of being the highest foreign exchange earner for the country, accounting for nearly one third of the country’s total exports. Therefore, the sector shoulders a major responsibility in enhancing the foreign exchange reserves. Despite strong domestic demand-pull, textile exports have witnessed steady growth over the years. The share of India's textile exports in the world has grown from 1.8% in the beginning of 80's to around 3% at present. The advantages arising from a strong raw material base, a well established yarn and fabric industry and relatively low labor cost has led to quick growth in textile exports, from an insignificant base of less than US $3 million in the beginning of 70's to nearly US $ 12-13 billion. However, with the lowering of tariff barriers, removal of quantitative restrictions and the phase out of MFA regime, the textile industry is poised to enter an era of fierce competition, not only in exports but in the domestic market as well. All these developments are bound to have some effects on Indian textile trade and industry. To meet the emerging competition, the Government is continuously providing an enabling environment for the industry to be globally competitive. Realizing the vast export and employment potential of textile and clothing...

Words: 535 - Pages: 3

Premium Essay


...Garment Factory Compliance • Home • About • Top of Form [pic][pic] Bottom of Form [pic]Indian Textile Industry and Garment Exports November 28, 2012 Disha Leave a comment The Indian textile industry is one of the largest industries in the world, with a huge raw material and textile manufacturing base. The industry occupies a unique position as a self-reliant industry, from the production of raw materials to the delivery of finished products. This large and ancient industry has carved out a special niche for itself as a facilitator of the county’s economic growth and participative development. Textile industry in India is a highly versatile sector, with smaller firms providing flexibility needed for smaller orders; the larger firms have the capacity to service the world’s biggest buyers. The Government of India has also undertaken several favourable policy initiatives, which have resulted in the growth of the sector. “Indian textile industry contributes about 14 per cent to industrial production, 4 per cent to the country’s gross domestic product (GDP) and 16.63 per cent to export earnings,” as per Ministry of Commerce and Trade, India. Major destination for Indian garment exports The USA is the number one destination for the exports of Indian apparels. During 2011, the garment imports to the USA from world were around US$ 81.51 billion. India exports garments of worth US$ 3.53 billion to the USA, which accounts for 4.33 per cent share in the USA’s total...

Words: 18280 - Pages: 74

Free Essay


...has been carried out as a part of the curriculum of the Second Year Bachelor of Business Administration of St. Xaviers College Mapusa, Goa. The project research has been completed in Atul Ltd. At Atul, Gujarat from 14th May 2013 to 27th June 2013. Project was mainly based on Comparison between Dyestuff industries present Scenario and future scope in India and China and in India at Atul ltd forecasting the scope for the growth of the company. I have come up analysis that compares industries in India and China and the way Atul ltd is operating and have also given suggestions for the same. INDUSTRY PROFILE Dyestuff Industry is one of the core industries that is integral part of textiles in India . It is also the second highest export segment in chemical industry. The industry is made up of about 1,000 small scale units and 50 large organized units, who produce around 1,30,000 tonnes of Dyestuff. Maharashtra and Gujarat account for 90% of dyestuff production in India due to the availability of raw materials and dominance of textile in these regions. The major users of dyes in India are textiles, paper, plastics, printing ink and foodstuffs. The textiles sector consumes around 80% of the total production due to high demand for polyester and cotton, globally. At present, India contributes about 6% of the share in the global market with a CAGR of more than 15% in the last decade. The organized players contribute about 65% of the total dyestuff production in the country. The...

Words: 2517 - Pages: 11

Free Essay


... a  belief  well  entrenched  into  Welspun’s  DNA.  It   drives  every  aspect  of  our  business  -­‐  from  leading  innovative   technologies,  to  developing  path-­‐breaking  products,  to  fostering   sustainability.     Business  Scenario     As  you  are  all  aware,  India  has  emerged  as  a  significant  player  in  the   textiles  sector,  and  is  currently  ranked  as  the  second  largest  exporter  of   textile  products  behind  China.  As  I  mentioned  in  my  last  year’s  address,   certain  structural  changes  are  taking  place  in  the  industry,  which  are   helping  India  improve  its  competitiveness  and  market  share  in  the   global  arena.  We  are  thus  seeing  more  and  more  clients  increase  their   sourcing  pie  of  textile  and  apparel  from  India.  In  home  textiles,  the  India   advantage  has  been  even  more  prominent  and  I  believe,  things  are  only   going  to  get  better  in  the  coming  years  for  the  industry.     At  Welspun,  we  continue  to  be  a  supplier ...

Words: 3333 - Pages: 14

Free Essay

World Textiles Status Dec 2006

...Status Report on World Textiles & Likely future trends Presented to :Gherzi Eastern Ltd Mumbai Prepared by :Madhav Mehta UTI Institute of Capital Markets Table of Contents Acknowledgements Executive Summary Objectives of the Study Terms of Reference Data Collection & Sources Assessment of Supply Side International Trade Data Analysis Assessment of Demand International Trade Historical Trends and future projections Evaluation of manufacturing costs Assessment of other business considerations Growth in capacities required to meet projected capacities and likely candidates Case: India Statement of Limitations 3 4 5 6 7 8-20 21-28 29-33 34-36 37-44 45-49 49-50 51-59 60 2 Acknowledgements At the outset, I would thank Gherzi Eastern Ltd for providing me an opportunity to work with them. My special thanks to Mr. Durga Prasad for acting as a conduit to this opportunity with Gherzi Eastern Ltd as also for his valuable guidance & insights. I have extreme gratitude for Mr. V.N.Karvir who has been all through with me in this project, shared his experiences, provided utmost necessary and valuable guidance to me. Without, his assistance and guidance this report & its contents would not have taken shape in the manner in which it is prepared, analyzed and presented. I would also like to thank my friend and batch mate Mr. Amol Agrawal for making known to me some important data sources and for being a good listener all times to my approaches and ideas. Last but not the...

Words: 19472 - Pages: 78

Premium Essay


...August 2013 FACTORS AFFECTING THE EXPORT PERFORMANCE OF TEXTILE INDUSTRY IN DEVELOPING COUNTRIES – A REVIEW OF LITERATURE Yoganandan.G & Jaganathan A.T Assistant Professor(s) in Management Studies K.S.R College of Arts and Science Tiruchengode, India Saravanan. R Director and Head, Department of Management Studies Sri Krishna College of Technology Coimbatore, India. SenthilKumar .V M.Phil Scholar in Management Studies K.S.R College of Arts and Science Tiruchengode, India. Abstract The present study aims at reviewing researches conducted in the area of determinants of and factors affecting the export performance of textile industry. The tools used by the various researchers and their findings are studied in order to establish the academic contributions made by these studies to the existing body of knowledge, new models developed and also to highlight method adopted or suggested by researchers for conducting researches in the area of export performance of manufacturing industries with special focus on textile sector in developing countries. The article analyzed researches carried out in China, India, Sri Lank, Bangladesh and Pakistan. These economies are the dominant textile exporters in the international trade. The review highlights that most of the studies have been carried out on establishing the relationship between GDP, exchange rate, labor, capital (FDI) and technology with export performance of textile industry. Most of the researchers found a positive relationship...

Words: 3428 - Pages: 14

Free Essay

Indias Landscape

...quarter of all India's highways are congested. Many roads are of poor quality and road maintenance remains underfunded. This leads to the deterioration of roads and high transport costs for users. Good physical connectivity in the urban and rural areas is essential for economic growth. India's growing economy has witnessed a rise in demand for transport infrastructure and services However, the sector has not been able to keep pace with rising demand and is unfortunately pulling the economy down. Indian Railways is one of the largest railways in the world. It carried some 17 million passengers and 2 million tons of freight a day in 2007 and is one of the world’s largest employers for what it does. But the railways also face restraints, and freight transportation costs by rail are much higher than in most countries as freight tariffs in India have been kept high to subsidize passenger traffic. As far as Aviation goes, India has 125 airports, 11 of which are international airports. Indian airports handled 96 million passengers and 1.5 million tons of cargo between 2006 and 2007. The dramatic increase in air traffic for both passengers and cargo in recent years has placed a heavy strain on the country's major airports. Passenger traffic is projected to cross 100 million and cargo to cross 3.3 million tons by year 2010. Air traffic has been growing rapidly leading to severe strain on infrastructure at major airports,...

Words: 1180 - Pages: 5

Free Essay

Working Capital Management in Textile Industries

...1. INTRODUCTION * The project focuses on the importance of financial analysis for the company as financial Statements are useful as they provide information that allows investors and creditors to make better decisions. However, because of selective reporting of economic events as well as non-comparable accounting methods and estimates, financial statements are only an approximation of reality. In addition, because of the tendency to delay accounting recognition, financial statements also tend to lag reality. * A primary objective of financial analysis is to determine comparable risk and return of companies and their securities. Financial statements include the * Balance Sheet * Income Statement * Cash Flow Statement * The financial statements are interrelated and are used and analysed together. Methods of financial statement analysis are divided into two general categories, internal analysis and comparative or external analysis. * Internal analysis uses figures from the financial statements of any one date or period to gain an understanding of the customer. Comparative analysis is used to determine trends when two or more successive sets of figures are reviewed, or is used to evaluate the company's financial statement against industry standards. * These methods are used separately or in combination. They are part of the tools that enable experienced credit professionals to reach a credit decision. Financial statements...

Words: 13940 - Pages: 56

Premium Essay

India in 2020

...Commission, on 8 February 2001. I benefited from discussions with Dr V.R. Panchamukhi, and from comments of Dr S.P. Gupta and other participants at the Meeting The usual disclaimer applies. India’s Trade in 2020: A Mapping of Relevant Factors Introduction India's trade has generally grown at a faster rate compared to the growth of GDP over the past two decades. With the liberalization since 1991 in particular, the importance of international trade in India’s economy has grown considerably. As a result the ratio of international trade to GDP has gone up from 14 per cent in 1980 to nearly 20 per cent towards the end of the decade of 1990s. Given the trends of globalization and liberalization, the openness of Indian economy is expected to grow further in the coming two decades. The more exact magnitude of India's trade in 2020 and its proportion to India's national income would be determined by a variety of factors. Many of these factors are in the nature of external shocks and are beyond the control of national policy making. One illustration is the recent surge in the crude oil prices in the international market to unprecedented levels that have impacted the country’s imports in a significant manner. In addition, the implementation of various WTO agreements are...

Words: 9141 - Pages: 37

Premium Essay

Garment Industry Analysis

...Introduction 1.1 Indian Textile Industry India is a traditional textile-producing country with textiles in general, and cotton in particular, being major industries for the country. India is among the world’s top producers of yarns and fabrics, and the export quality of its products is ever increasing. Textile Industry is one of the largest and oldest industries in India. Textile Industry in India is a self-reliant and independent industry and has great diversification and versatility. The textile industry can be broadly classified into two categories, the organized mill sector and the unorganized decentralized sector. The organized sector of the textile industry represents the mills. It could be a spinning mill or a composite mill. Composite mill is one where the spinning, weaving and processing facilities are carried out under one roof. The decentralized sector is engaged mainly in the weaving activity, which makes it heavily dependent on the organized sector for their yarn requirements. This decentralized sector is comprised of the three major segments viz., powerloom, handloom and hosiery. In addition to the above, there are readymade garments, khadi as well as carpet manufacturing units in the decentralized sector. The Indian Textile Industry has an overwhelming presence in the economic life of the country. It is the second largest textile industry in the world after China. Apart from providing one of the basic necessities of life i.e. cloth, the textile industry contributes...

Words: 9221 - Pages: 37