textile industry misbaa zaheer khan
TRANSCRIPT
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INDIAN TEXTILE INDUSTRY AND ITS
FUTURE
- MISBAA ZAHEER KHAN
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TABLE OF CONTENTS INTRODUCTION. IMPORTANCE OF TEXTILE INDUSTRY IN INDIA. SIGNIFICANCE IN INTERNATIONAL MARKET. SWOT ANANYSIS. GOVERNMENT INITIATIVES. ROLE OF TEXTILE INDUSRTRIES IN INDIA’S GDP. GLOBAL SCENARIO. INTERNATIONAL COMPETITIVENESS. CONCLUSION.
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INTRODUCTION
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IMPORTANCE OF TEXTILE INDUSRTY IN INDIA
Largest Employment Provider. 14% Industrial Production. 8% Excise and Customs revenue collection. Contributes to 4% GDP & Accounts for 17% of
total Exports. Largest Foreign exchange earning sector. Large market size.
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SIGNIFICANCE IN INTERNATIONAL MARKET
Highest Loom capacity. Accounts for 12% of worlds production of textile fibres &
yarn. Largest Exporter of Yarn- 25% share of the worlds cotton
yarn exports.
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SWOT ANALYSISSTRENGTHS
• Abundant Raw Material.• Availability of low cost & skilled
manpower.• Largest exporter of yarn in
international market.
WEAKNESS• Lack of technological development.• Highly dependent on cotton which
depends on crop.• Higher indirect taxes & power rates.
OPPORTUNITIES• Large,Potential Domestic &
International market.• Emerging retail industry & malls
provide huge opportunities.
THREATS• Competition from other developing
country like China.• Changes in production levels.
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MAJOR PLAYERS
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GOVERNMENT INITIATIVES.
100% FDI in India. Welfare schemes. Provide online platform to handloom weavers. Technological up-gradation. Proposed to extend 24\7 customs clearance facility. Development of transportation & communication
facilities.
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ROLE OF TEXTILE INDUSTRIES IN INDIA’S GDP.
Contribute 14% of the total production. Huge amount of revenue in country. Provides direct employment. Hike in investment flow. Ready made agreements accounts for 45% share holding
in total textile exports.
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GLOBAL SCENARIO Asian countries are gaining in textile trade due to lower costs
compared to African, European and south American countries. Accounts for 14% of textile production. 1st largest producer of jute & 2nd largest producer of silk. The textile and apparel industry is estimated to reach US $ 141
billion – 2015-16 India exported Rs.2,480 Cr worth of man made fibre goods.
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INTERNATIONAL COMPETITIVENESS
Standard cost of production. Strong competition. Focused- Productivity,transport on increasing
productivity, reducing labour costs, reducing transport costs and reducing the vat rates for apparels.
Losing business because of high input costs.
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CONCLUSION
The retail market has opened and the producers’ control over the product market has increased.
New Opportunities. Potential to increase the contribution of textiles in the GDP. Establish a plan of action which identifies and removes
barriers to growth and sourcing strategies. The textile industry should diversify in design to ensure
quality output and technological advancement.
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The workforce must be trained and oriented towards high productivity
Modernization of mills is a must.
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REFERENCESWEB
http://www.cci.in/pdfs/surveys-reports/Textile-Industry-in-India.
http://www.ripublication.com/gjfm-spl/gjfmv6n7_11. http://www.ijoart.org/docs/a-study-on-emerging-
trends-in-textile-industry-in-india.NEWSPAPER
Employment news. The Economic Times.
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THANK YOU.