Text Tiles
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- Pages: 17
dustry Overview
Indian Textiles- LPG
Our Industry
Single largest foreign exchange earner for India.
Accounts for about
8 % of GDP
20 % of the industrial production
30 % of export earnings of India
only 2-3 % import intensity.
Source : www.apparel.indiamart.com
Our Industry
2nd largest employer, Next to Agriculture
Employs about 35mn people
Textile economy is worth US $37bn
Global share about 5.9%
Aspires to grow its revenue to US $85bn, its export value to US $50bn and employment to 12 million by the year 2010 - Texmin 2005
Source : www.apparel.indiamart.com
Overseas Market
Today not only is the export business growing, enthusiasm in the minds of the foreign buyers is also at high.
Today many leading fashion labels are being associated with Indian products.
India is increasingly being looked upon as a major supplier of high quality fashion apparels
Indian apparels have come to be appreciated in major markets internationally.
Source : www.apparel.indiamart.com
Globalization
Indian textile industry has performed remarkably well during the last one decade Still needs to carve a competitive edge through quality output and high value addition especially when today India is on the fast track of globalization.
Source : www.apparel.indiamart.com
Pace of the Market
The Industry is based on fashion and invariably goes through short fashion cycles. To be in the market, there have to be regular innovations in color, style, design, fabric, finish and fit. Automated machinery and IT solutions are key in such a scenario to be competitive and improve business results.
Growing Needs & Challenges ۩
Accurate Delivery
۩
Communication Gap
۩
Cost Factor
۩
Integration Issues
۩
Multiple Orders
۩
Overall Efficiency
۩
Competition - External
Solutions Available @ Present
۩ Integrated System ۩ Time & Action Planning ۩ Resource Planning ۩ Decision Support System ۩ Management Information System
Major players • Welspun India • Asia’s largest and world’s 4th largest terry towel manufacturer • Supply to Wal-mart, Hilfiger • Sales grew by 35% to reach 650 cr in 05-06 • Alok Industries • Largest processing capacity in India • Sales grew by 15% to 1285 cr • Arvind Mills • 72% share of Indian Denim market • Gokaldas exports • 95% revenue comes from the export market • 20% growth in sales, reached 860 cr in 05-06 • Other major players like Raymond, Siyaram silk mills, mahavir spinning mills etc.
The global scenario • The end of the MFA arrangement • Competitiveness of Indian industry • Low level of modernisation • Fragmented nature – low capacities • Infrastructure, Labour laws
• Exports have risen by 10% but at the same time China’s exports have risen by more than 20%, even countries like Pakistan and Bangladesh have done better
The light at the end of the tunnel • • • •
China muzzled Viable option for those looking to spread out risk Indian govt waking up Domestic market projected to grow as well
INDIAN GARMENT INDUSTRY - CURRENT ENVIRONMENT & FUTURE PROSPECTS 12.5% share in India’s commodity export basket. Represents value added sub-sector. Less import sensitive. 7% of Industrial production. Export target of US$ 25 billion by 2010. Future employment generation: --Additional 6 lakhs jobs & always recruitment.
13
STRENGTHS IN GARMENT SECTOR • Low Labour Cost • Strong cotton raw material base • Emergence of buying houses in India • Increase in capital investments
14
During the last ten years India’s exports of
textiles and clothing increased by 130% INDIA’S SHARE IN WORLD TRADE YEAR
TEXTILES(%)
CLOTHING(%)
1990
2.1
2.40
1995
2.90
2.60
1997
3.3
2.4
1998
3.0
2.6
2000
3.4
2.8
15
INITIATIVES TAKEN BY THE GOVERNMENT TO MAKE THE INDUSTRY GLOBALLY COMPETITIVE • Setting
up of US $ 6 Billion Technology Up gradation Fund for modernizing the entire value chain of the industry • Launching of a Technology Mission on Cotton to improve the quality and productivity of raw cotton • Setting up of Special Economic Zones and Textile & Apparel Parks • Opening up of Textile Sector for Foreign Direct Investments • Progressive reduction of import duty on textile machinery and products 16
By.. ANJANEYA REDDY LAKSHMI BHASKAR REDDY SARAVANAN S.M.S THEJAS G
Indian Textiles- LPG
Our Industry
Single largest foreign exchange earner for India.
Accounts for about
8 % of GDP
20 % of the industrial production
30 % of export earnings of India
only 2-3 % import intensity.
Source : www.apparel.indiamart.com
Our Industry
2nd largest employer, Next to Agriculture
Employs about 35mn people
Textile economy is worth US $37bn
Global share about 5.9%
Aspires to grow its revenue to US $85bn, its export value to US $50bn and employment to 12 million by the year 2010 - Texmin 2005
Source : www.apparel.indiamart.com
Overseas Market
Today not only is the export business growing, enthusiasm in the minds of the foreign buyers is also at high.
Today many leading fashion labels are being associated with Indian products.
India is increasingly being looked upon as a major supplier of high quality fashion apparels
Indian apparels have come to be appreciated in major markets internationally.
Source : www.apparel.indiamart.com
Globalization
Indian textile industry has performed remarkably well during the last one decade Still needs to carve a competitive edge through quality output and high value addition especially when today India is on the fast track of globalization.
Source : www.apparel.indiamart.com
Pace of the Market
The Industry is based on fashion and invariably goes through short fashion cycles. To be in the market, there have to be regular innovations in color, style, design, fabric, finish and fit. Automated machinery and IT solutions are key in such a scenario to be competitive and improve business results.
Growing Needs & Challenges ۩
Accurate Delivery
۩
Communication Gap
۩
Cost Factor
۩
Integration Issues
۩
Multiple Orders
۩
Overall Efficiency
۩
Competition - External
Solutions Available @ Present
۩ Integrated System ۩ Time & Action Planning ۩ Resource Planning ۩ Decision Support System ۩ Management Information System
Major players • Welspun India • Asia’s largest and world’s 4th largest terry towel manufacturer • Supply to Wal-mart, Hilfiger • Sales grew by 35% to reach 650 cr in 05-06 • Alok Industries • Largest processing capacity in India • Sales grew by 15% to 1285 cr • Arvind Mills • 72% share of Indian Denim market • Gokaldas exports • 95% revenue comes from the export market • 20% growth in sales, reached 860 cr in 05-06 • Other major players like Raymond, Siyaram silk mills, mahavir spinning mills etc.
The global scenario • The end of the MFA arrangement • Competitiveness of Indian industry • Low level of modernisation • Fragmented nature – low capacities • Infrastructure, Labour laws
• Exports have risen by 10% but at the same time China’s exports have risen by more than 20%, even countries like Pakistan and Bangladesh have done better
The light at the end of the tunnel • • • •
China muzzled Viable option for those looking to spread out risk Indian govt waking up Domestic market projected to grow as well
INDIAN GARMENT INDUSTRY - CURRENT ENVIRONMENT & FUTURE PROSPECTS 12.5% share in India’s commodity export basket. Represents value added sub-sector. Less import sensitive. 7% of Industrial production. Export target of US$ 25 billion by 2010. Future employment generation: --Additional 6 lakhs jobs & always recruitment.
13
STRENGTHS IN GARMENT SECTOR • Low Labour Cost • Strong cotton raw material base • Emergence of buying houses in India • Increase in capital investments
14
During the last ten years India’s exports of
textiles and clothing increased by 130% INDIA’S SHARE IN WORLD TRADE YEAR
TEXTILES(%)
CLOTHING(%)
1990
2.1
2.40
1995
2.90
2.60
1997
3.3
2.4
1998
3.0
2.6
2000
3.4
2.8
15
INITIATIVES TAKEN BY THE GOVERNMENT TO MAKE THE INDUSTRY GLOBALLY COMPETITIVE • Setting
up of US $ 6 Billion Technology Up gradation Fund for modernizing the entire value chain of the industry • Launching of a Technology Mission on Cotton to improve the quality and productivity of raw cotton • Setting up of Special Economic Zones and Textile & Apparel Parks • Opening up of Textile Sector for Foreign Direct Investments • Progressive reduction of import duty on textile machinery and products 16
By.. ANJANEYA REDDY LAKSHMI BHASKAR REDDY SARAVANAN S.M.S THEJAS G
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