Textile industry

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VRS Software Present Textile Industries Software for your Big or Small Business

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♫ India’s textile industry is one of the economy’s largest.♫ The industry scenario started changing after the economic liberalization of Indian economy in 1991.

♫ It has now become the largest industries in the world.

♫ Indian textile industry contributes about 14 % to industrial production.♫ 4% to country’s gross domestic product.♫ 17% to country’s export earnings♫ Provides direct employment to over 35 million people ♫ India earns about 27% of its total foreign exchange through textile exports.♫ The textile industry of India also contributes nearly 14% of the total

industrial production of the country. ♫ It also contributes around 3% to the GDP of the country♫ It is the largest provider of employment after agriculture.

STRUCTURE OF TEXTILE INDUSTRY

Indian textile industry can be divided into several segments, some of which can be listed as below:

Cotton Textiles

Silk Textiles

Woollen Textiles

Readymade Garments

Hand-crafted Textiles

Jute and Coir

Facts of Indian Textile Industry

India is the second largest producer of cotton yarn.

4% contribution to GDP\

2nd largest producer of cotton

14% contribution to industrial production

17% contribution to export earning

Direct employment to more than 35 million people

India is the largest in loom age Concluding handloom in the world and

contributes about 61 percent to the world loom age.

Strong and Diverse raw material base

Second largest exporter of yarn

. Globally competitive spinning industries.

ANALYSIS

STRENGTH

♫ India has rich resources of raw materials of textile industry. It is one of the largest producers of cotton

in the world and is also rich in resources of fibres like polyester, silk, viscose etc. 

♫ India is rich in highly trained manpower. The country has a huge advantage due to lower wage rates.

Because of low labour rates the manufacturing cost in textile automatically comes down to very

reasonable rates. 

♫ India is highly competitive in spinning sector and has presence in almost all processes of the value

chain. 

♫ Indian garment industry is very diverse in size, manufacturing facility, type of apparel produced,

quantity and quality of output, cost, and requirement for fabric etc. It comprises suppliers of ready-

made garments for both, domestic or exports markets. 

FACTORS AFFECTING TEXTILE INDUSTRY

Textile Industry

Rivalry

Demand Conditions

Cost & Location

Government Regulation

Policy

India’s Position in World Textile Economy

Export scenario Developed countries' exports declined from 52.2% share in 1990 to 37.8 % in

2002.

And that of developing countries increased from 47.8% to 62.2 % in the same period.

In 2003 the exports figures in percentage of the world trade in Textiles Group (for select countries) were:

India’s textile exports (in US$ billion)

FY 06 FY 07 FY 08 FY 09 FY 10 FY 110

5

10

15

20

25

30

17.6 19.122.1 21.2 22.4

26.8

Problems Of Textile Industry in India

Highest incidence of sickness The plant and machinery and technology by a number of units are absolute. Government regulations like the obligation to produce controlled cloth are

against the interest of the industry.

The cotton yield per hectare of land is very low in India. Competition from the man made fabrics and synthetics. India has been facing severe competition from other countries like Taiwan,

South Koria, China and Japan. The cotton textile industry is frequently plagued by labour problems. The industry faces number of other problems like power cuts, infrastructural problems, lack of finance, exorbitant rise in raw material prices and

production costs etc.