Textile Industry in India

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Nagindas Khandwala

College of Commerce
Arts and Management
Studies

Group members

Yadit Acharya 301


Anish Chagged 308
Vinay Katkar 337
Ravi Makwana 342
Dharak Mehta 347
Hiren Mer 351
Export of textiles in
India
Presented to-Prof Gargi
Introduction
The term "export" is derived from the conceptual
meaning as to ship the goods and services out of the port
of a country. The seller of such goods and services is
referred to an "exporter" who is based in the country of
export whereas the overseas based buyers referred to as
an "importer". In International Trade, "exports" refers to
selling goods and services produced in home country to
other markets.
In economics, an export is any good or commodity,
transported from one country to another country in a
legitimate fashion, typically for use in trade. Export goods
or services are provided to foreign consumers by domestic
producers.
Export of commercial quantities of goods normally
requires involvement of the customs authorities in both
the country of export and the country of import. The
advent of small trades over the internet such as through
Amazon and e-Bay have largely bypassed the
involvement of Customs in many countries because of the
low individual values of these trades. Nonetheless, these
small exports are still subject to legal restrictions applied
by the country of export. An export's counterpart is an
import.
Definition
The definition of "export" is when you trade something out of
the country. In economics, an export is any good or
commodity, transported from one country to another country in
a legitimate fashion, typically for use in trade.

History
The theory of international trade and commercial policy is one
of the oldest branches of economic thought. Exporting is a major
component of international trade, and the macroeconomic risks
and benefits of exporting are regularly discussed and disputed
by economists and others. Two views concerning international
trade present different perspectives. The first recognizes the
benefits of international trade. The second concerns itself with
the possibly that certain domestic industries (or laborers, or
culture) could be harmed by foreign competition.
Impact of Export on Indian Market
from pre-independence and post-
independence

 Large Industry – 3% of GDP, 27% of Forex earnings,


21% of total employment
 Very large unorganised sector – about 76% of total
fabrics production
 Market is very diverse, does not lend itself to
comparative studies in terms of market share etc.
 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 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
 China muzzled
 Viable option for those looking to spread out risk
 Indian govt waking up
 Domestic market projected to grow as well
Trend analysis of Export in India of
Textile Industry
This graph depicts the profit made by textiles
in These years. The data is given on the next
page which is provided by the Ministry of
textiles Government of India.
10

6 Textiles Sectors In Rs

Textiles Sectors in US $
4

0
0 1 2 3 4 5 6 7 8 9 l
0 0 0 0 0 0 0 0 0 0 ta
20 20 20 20 20 20 20 20 20 20 to
d
r an
G
Reasons for growth of Textiles in
India

 INFORMATION AND COMMUNICATION


TECHNOLOGY IN TEXTILES:
Industry delivers various information services to the
Textiles Industry through the ICT platform. Ministry
and its Attached/Subordinate offices/field offices had
strengthened their ICT infrastructure respectively
with the latest available technology for the purpose.
This has helped in improving the transparency and
account ability in day today functioning of the Ministry
and its offices.

Moreover, IT based applications like MIS on Artisans


enrolled for Rajiv Gandhi Shilpi Swasthya Bima Yojana,
MIS on Grant-in-Aid, Web Enabled System on Craft
Facility Centers (CFC) for Handicrafts Sector,
Monitoring the proposal under Work shed cum
Housing Scheme for Handloom Sector are designed,
developed and implemented.
 Implementation of E-Governance:

Economic Research and Market intelligence Unit


(ERMIU) is providing an integrated interface for
collection and dissemination of Information to Trade
and Industry through a dedicated web site
(http://texmin.gov.in/ermiudel/). Various
Analytical reports on Prices of Textiles
Items, Production of Yarn/Cloth etc,
Sectional information of Cotton, Silk, Man
Made Fibre, Jute, and Import/Export of
Indian Textiles are available on the ERMIU
Web site along with Indian economy
Indicators.
Latest information on the Policies, Plans, Budget,
Schemes, Acts, Notifications and initiatives taken by
the Ministry are made available on the web
Site of the Ministry(http://texmin.gov.in).Various
office automation applications like
File Tracking System, Court Case
Monitoring System, Monitoring of VIP
References, etc. are being maintained.

On the basis of the data we have collected


information and presented it the data is shown on
the next page.
Conclusion
 To make available adequate raw
material to all sectors of Textiles
Industry.

 To augment the production of fabrics


at reasonable prices from the
organised and decentralised sectors.

 To lay down guidelines for a planned


and harmonious growth of various
sectors with special emphasis on the
development of the handlooms sector
due to its large employment potential.

 To monitor the the techno-economic


status of the industry and to provide
the requisite policy framework for
moderisation and rehabilitation.

 In all the above we have mentioned that how


exports of textiles is beneficial to the Indian
Economy and Trade. It is ever-growing market
Run on good profit.
Bibliography

 www.texmin.gov.in
 www.google.com
 www.wikipedia.org
 Source: Department of Industrial Policy &
Promotion, Ministry of Commerce and
Industry, Govt. of India

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