EFFECT OF GLOBALISATION ON APPARELS

THE INDIAN TEXTILE INDUSTRY IS ONE OF THE LARGEST TEXTILE INDUSTRIES IN THE WORLD. INDIAN TEXTILE SECTOR FOCUSED ON ALL AREAS FROM FIBRE TO FASHION THE INDIAN TEXTILE INDUSTRY IS ALSO HAVING AVAILABILITY OF RAW MATERIALS, LOW COST SKILLED LABOUR, DESIGN VARIETIES..ETC.

UPGRADTION IN TECHNOLOGY IS ALSO DONE TO SOME EXTENT TO THE INDUSTRIES ECONOMIC SLOW DOWN ALSO AFFECTED THE TEXTILE INDUSTRY OVERVIEW OF GLOBAL IMPACT ON TEXTILES: 1. EXPORTS GROW -2004-05---US$14B 2. EXPORTS GROW-2005-06US$17B 3. EXPORTS GROW -2006-07US$19B AS PER GOVT. DATA THE EXPORTS FOR 2008 ARE US$22B.

 COTTON TEXTILE INDUSTRY: 1. THE INDIAN TEXTILE INDUSTRY SPECIALLY SPINNING HAS BEEN MOD-ERNISED & EXPANSION MODE IN RECENT YEARS. INDIA TOPS IN WORLD ORGANIC COTTON: 1. RECENT HIKE IN FERTILIZERS, PROHIBITIVE USE OF CHEMICALSETC.

 WEAVING SECTOR: 1. BAD AFFECTED BY THE SLOWDOWN OF 2008 WITH HANDLOOM & POWERLOOM PRODUCTION DECLINING. 2. THE TEXTILE SECTOR HAS WITNES THE SPURT IN INVESTMENT FROM 2005 TO 2008.

 INDIAN JOB MARKET: 1. AFTER LAST YEARS RECESSION THE INDIAN JOB MARKET IS ON RECOVERY PATH. 2. ONE SURVEY HAS REVEALED THE NO. OF JOBS LOST IS AROUND 5LAK REASONS FOR THE SITUATION: 1. GLOBAL RECESSION 2. INFRASTRUCTURE 3. RAW MATERIALS 4. LESS EXPORT ORDER


1.

2. a) b)

INDIAN TEXTILE SECTOR LOSING ITS COMPETATIVENESS: AS ICAR REPORT EXCEPT INDIA ALL OTHER ASIAN COUNRIES INCREASED THEIR MARKET SIZE & SHARE. RELIEF MEASURES FOR GLOBAL ECONOMIC SLOWDOWN: ALLOCATION OF RS1400 CRORE FOR TUFS ALL ITEMS OF HANDICRAFT TO BE INCLUDED UNDER VK&GUY

c) PROVISION OF ADDITIONAL FUNDS FOR ALL REFUND OF TERMINAL EXCISE DUTY. d) CREDIT TARGETS OF PUBLIC SECTORBANKS REVISED UPWARDS e) DUTY DRAWBACK ON KNITTED FABRICS ENHANCED.