16-11-2012, 04:15 PM
Indian Textile Industry -The Golden Decade 2011-2020
Indian Textile Trade -Golden Period- March 2012.pdf (Size: 1.65 MB / Downloads: 74)
Transformation to Developed Economy
China is the world’s 2ndlargest economy with a GDP of USD 5.8 trillion and growing at a CAGR of 10%+
•As a natural transition to developed economy, China concentration on high end industries is increasing and textile is not as focused industry as it was 20 years back
•Textileisaenergyconsumingindustry.Chinahasstartedfacingproblemsforgenerationofpowerduetoenvironmentalconcerns.ChinaisamajorcontributortoCO2emissions.AccordingtoCDIAC(CarbonDioxideInformationAnalysisCentre),China’sCO2emissionsreached8.2mn.tonnesalmost25%ofworldwideemissions.ThishasseriouslyimpairedChina’sabilitytogrowfurtherintextiles
•Withrisingpercapitalincome,Chinaisbecomingselfconsumingeconomy.HugeDomesticconsumptiongrowingataCAGRofabout13%likelytoimpactChineseabilitytoexport
Importance of Textile Industry…to Indian economy
•SecondlargestproduceroftextilesandgarmentsafterChina
•Secondlargestproducerofcottonintheworld
•SecondlargestemployerinIndiaafteragriculture–DirectEmploymentto35mn.people
•Constitutesabout12%ofIndia’sexports
•Contributesabout14%toIndustrialproduction
•Contributesabout4%toGDP
•InvestmentmadeinTextilesectorsincelaunchofTUFsschemeisRs.208000crorestillJune2010
•Strength
•Long textile tradition
•Large pool of skilled and cheap work force
•Entrepreneurial skills
•Efficient multi-fiber raw material manufacturing capacity
•Large domestic market
•Enormous export potential
•Very low import content
•Flexible textile manufacturing systems
•Weaknesses
•Useofoutdatedmanufacturingtechnology
•Hugeunorganizedanddecentralizedsector
•Poorsupplychainmanagement
•Powerandotherinfrastructureco
Government Incentives
•Governmentpolicieshavelargelybeenfavorabletothetextilesindustry.Thepoliciesaimtoensurethattheindustryisinternationallycompetitiveintermsofmanufacturingandexports
•Besidesprovidingvariousschemes,therearevariousotherstatutes,includingfiscalpolicies(governingcustoms,excise,salestax,etc.),rules,initiatives,incentives,etcthroughwhichgovernmentextendssupporttotheindustry
•Various government schemes for textiles
•Technology Fund UpgradationScheme (TUFS).
•Scheme for integrated Textile Parks (SITP).
•Group WorkshedScheme (GWS).
•Group Insurance Scheme for development of Powerloomsector.
•Integrated Scheme for PowerloomCluster Development.
•Marketing Development Programmefor PowerloomSector etc.