EFFECT OF GLOBALISATION

ON APPARELS
THE INDIAN TEXTILE INDUSTRY IS
ONE OF THE LARGEST TEXTILE INDU-
STRIES IN THE WORLD.
INDIAN TEXTILE SECTOR FOCUSED
ON ALL AREAS FROM FIBRE TO FASH-
ION
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, PROH-
IBITIVE USE OF CHEMICALSETC.
WEAVING SECTOR:
1. BAD AFFECTED BY THE SLOWDOWN
OF 2008 WITH HANDLOOM &
POWERLOOM PRODUCTION DECLINI-
NG.
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
INDIAN TEXTILE SECTOR LOSING
ITS COMPETATIVENESS:
1. AS ICAR REPORT EXCEPT INDIA ALL
OTHER ASIAN COUNRIES
INCREASED THEIR MARKET SIZE &
SHARE.
2. RELIEF MEASURES FOR GLOBAL
ECONOMIC SLOWDOWN:
a) ALLOCATION OF RS1400 CRORE FOR
TUFS
b) 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.