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    Arnav Das
    This document discusses the textile industry in India. It states that the textile industry faced a major decline in the past decade that affected the economy. It conducted a qualitative study using secondary sources to analyze the contemporary position and details of the industry. Some factors that contributed to the decline included the appreciation of the Indian rupee, the global economic crisis of 2008-2009, and high cotton prices. The document also compares India's textile industry to those of other countries and lists some of their strengths and weaknesses. It concludes that the industry needs to improve areas of weakness and enhance its competitive strength. Suggestions for the industry include welfare schemes, e-marketing, skill development, and textile parks.

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    Adarsh Presentation ME

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    Arnav Das
    60 views10 pages
    This document discusses the textile industry in India. It states that the textile industry faced a major decline in the past decade that affected the economy. It conducted a qualitative study using secondary sources to analyze the contemporary position and details of the industry. Some factors that contributed to the decline included the appreciation of the Indian rupee, the global economic crisis of 2008-2009, and high cotton prices. The document also compares India's textile industry to those of other countries and lists some of their strengths and weaknesses. It concludes that the industry needs to improve areas of weakness and enhance its competitive strength. Suggestions for the industry include welfare schemes, e-marketing, skill development, and textile parks.

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    This document discusses the textile industry in India. It states that the textile industry faced a major decline in the past decade that affected the economy. It conducted a qualitative study using secondary sources to analyze the contemporary position and details of the industry. Some factors that contributed to the decline included the appreciation of the Indian rupee, the global economic crisis of 2008-2009, and high cotton prices. The document also compares India's textile industry to those of other countries and lists some of their strengths and weaknesses. It concludes that the industry needs to improve areas of weakness and enhance its competitive strength. Suggestions for the industry include welfare schemes, e-marketing, skill development, and textile parks.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    60 views10 pages

    Adarsh Presentation ME

    Uploaded by

    Arnav Das
    This document discusses the textile industry in India. It states that the textile industry faced a major decline in the past decade that affected the economy. It conducted a qualitative study using secondary sources to analyze the contemporary position and details of the industry. Some factors that contributed to the decline included the appreciation of the Indian rupee, the global economic crisis of 2008-2009, and high cotton prices. The document also compares India's textile industry to those of other countries and lists some of their strengths and weaknesses. It concludes that the industry needs to improve areas of weakness and enhance its competitive strength. Suggestions for the industry include welfare schemes, e-marketing, skill development, and textile parks.

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    of 10

    TEXTILE INDUSTRY

    A D A R S H H I M AT S I N G H K A
    A032
    BBA.LLB (H)

    STATEMENT OF PROBLEM
    Textile Industry in India is the second largest
    employment generator after agriculture. It holds
    significant status in India as it provides one of the
    most fundamental necessities of the people.
    The textile industry faced a major decline in the
    past decade, and that affected the economy and
    various sectors.
    During this period of decline, the market investors
    and players in the textile industry had a skeptical
    mindset and that affected the industry.

    METHODOLGY
    OBJECTIVE: The objective of this paper is to conduct
    an in-depth study of the textile sector in India with
    context to its decline and its impact on the economy.
    TECHNIQUES USED: The research made for this
    project is qualitative one.
    Data collection: This study uses secondary data to
    analyse contemporary position and details/ analysis
    of the textile industry in India. The researcher has
    used sources such as articles, case studies, graphs,
    and statistical data

    ANALYSIS
    The appreciation of the Indian rupee that occurred
    during this time affected the growth of exportoriented industries such as textiles, garments,
    leather, and gem cutting.
    As the global economy plunged into a crisis by
    2008-2009, these industries were hit further, by the
    downturn in export demand from Western countries,
    resulting also in large-scale job losses.
    Further, the growth of Indias textile industry has
    suffered due to the volatility and the generally high
    level of cotton prices in the country since the late
    2000s.

    ANALYSIS

    ANALYSIS
    Chinese goods are cheap as well as the machinery
    provided by them is also cheap. So the threat for the
    export and designing is the Chinese Aggression over
    the International market.
    Continuously quality improvement is needed to make
    sure that people would rely on Indian goods not on
    the foreign goods.
    Traditional items like terry towels are manufactured in
    EOUs all over the country with superior quality. This
    has been eroding the traditional markets for power
    loom and handloom products forcing them to go for
    product diversification.

    ANALYSIS
    The large number of available suppliers in India gives an
    initial indication of a weak bargaining position for the
    supplier group.
    Additionally, the supplier group lacks switching costs
    and has a low level of product differentiation. This leads
    to great possibilities for textile manufacturers to scout
    the supplier group for best terms and prices for
    production. As a result, manufacturers can contact a
    large number of suppliers and play suppliers against
    each other.
    Such behavior weakens the bargaining power for
    suppliers and as a result pushes prices down and makes
    prices similar among suppliers.

    COMPARISON WITH OTHER COUNTRIES


    Key countries / regions

    Key positives

    Key negatives

    China

    Efficient, low cost, vertically integrated

    Growth at the cost of profits

    India, Pakistan

    Vertically integrated, low cost

    Lacks

    economies

    of

    scale

    and

    infrastructure support
    Mexico (NAFTA), Turkey

    Proximity to market, duty and quota free

    Lack of China and Indias degree of


    competitiveness

    ASEAN (Vietnam, Cambodia, Indonesia)

    Cheap labor

    No other cost or locational advantage

    AGOA (African) countries, Bangladesh

    Quota and tariff free, cheap labor

    Lack of integration and China and Indias


    has degree of competitiveness

    Hong Kong, Korea, Taiwan

    Trading hubs proximity to China

    No cost advantage, protected currently by


    quotas

    USA and EU

    Non-quota barriers likely to prove irritant Huge but choosy market


    to imports

    CONCLUSION
    The industry has to work hard, improve certain areas of weaknesses and
    enhance its competitive strength not only to retain but also improve its
    position in the textile map of the world, particularly in the context of the
    emerging liberalization and globalization of textile product and trade.
    For this purpose, coordinated and complementary efforts are required on
    the part of the industry, the Central and State Governments Export
    Promotion Councils, Textile Research Associations and the like, in areas
    such as up gradation of technology, improvement in quality and
    availability of raw materials, enhancement of quality production and
    incorporation of information technology for improving design, enlarging
    business and commerce.

    SUGGESTIONS
    Welfare Schemes
    E- Marketing

    Skill Development

    Textiles Parks

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