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Globalisation of Indian Textiles
Globalisation of Indian Textiles
INTRODUCTION
Economic environment Problems faced by textile industry Market liberalization Expected market trends
Required competencies
POLICY
"The National Textile Policy 2000.
TO BE CONTINUED
Use
of outdated manufacturing
technology
Poor
cotton.
Country
cotton.
India
Largest producer of jute Second largest producer of silk Third largest producer of cotton, accounting for nearly 16% of global production
GOVERNMENT REGULATIONS&POLICIES
Upgrading infrastructure
competitive environment
import intensive and inward looking Approximate manufacturing units Open market policy
Importance given to cotton textiles Favourable fiscal treatment given to powerlooms (mainly tiny and smallscale units) as compared to composite mills Most segments reserved for smallscale industry (SSI)* Restrictions on installation of automatic looms
Many segments (especially readymade garments, knitwear and hosiery) deserved from reservation for SSI Schemes for technology upgradation and modernisation introduced Multifibre approach adopted; emphasis on man made and synthetic fibres, in addition to cotton Taxation structure made simpler
ADVANTAGES
TO BE CONTD
Sector is diverse.
large domestic market, tradition, skilled employees
DISADVANTAGES
regulation and taxes favor small-scale family workshops inflexible labor laws (government approval needed for firing) underdeveloped transportation infrastructure (ports) production scattered all over India complicating fast exports
MAJOR COMPETITORS
Thailand
Indonesia
KEY PLAYERS
CONCLUSION
Employment Development Economic vision
of machineries
growth
THANK YOU