This article first reviews the static scenario of the Indian textile sector and its standing in the world textile economy. It then discusses and analyses the trend in production and export of Indian textile and clothing. Finally, it looks at supportive government policies for facilitating growth in this sector, the industry's response to those policies and emerging trends that are making the sector strong and vibrant. This article concludes with a discussion on what would make the Indian textile and clothing industry more competitive globally.
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The Indian Textiles Industry has an overwhelming presence in the economic life of the country. Apart from providing one of the basic necessities of life, the textiles industry also plays a pivotal role through its contribution to industrial output, employment generation, and the export earnings of the country. Currently, it contributes about 14 percent to industrial production, 4 percent to the GDP, and 13.50 percent to the country's export earnings. It provides direct employment to over 35 million people.
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Indian textile industry should have focused on all major sectors right from fibre to fashion and planned for an organized growth across the supply chain so as to compete with China and even countries such as Pakistan, Vietnam and Thailand. The Indian textile industry has the advantages of high operational efficiencies in spinning and weaving, low-cost skilled labour, availability of raw materials and design capabilities.
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Overseas Marketing of Textile Products in today's world has become a challenge for the Exporters. As a developing country, India is facing strong competition in the field of textiles. The challenge is to reduce the costs to the minimum and give the best quality and still make this venture a profitable one. It is Important to have knowledge of the present market scenario, developing markets, government initiatives and organizational support.
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The Jute Textiles Industry occupies an important place in the national economy. It is one of the major industries in the eastern region, particularly in West Bengal. It supports nearly 4 million farm families, besides providing direct employment to about 2.6 lakh industrial workers and livelihood to another 1.4 lakh persons in the tertiary sector and allied activities. The production process in the Jute Industry goes through a variety of activities, which include cultivation of raw jute, processing of jute fibers, spinning, weaving, bleaching, dyeing, finishing and marketing of both, the raw jute and its finished products.
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Today, India has a significant role to play with or without global pressure. We believe that new growth in the textile industry can be primarily based, on people's energy, and, renewable energy. By promoting sustainable textile industry in a committed way, India can emerge as a world leader in reducing the Carbon Footprint and increase its respectability and its market share globally - possibly beating China in our revenue from this exclusive fabric, furnishing and clothing market.
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Now a day's employees are not only satisfied with the salary, which is provided by the company. At any level of salary, the employee's expectation is more than the salary that is other facilities like bonus, transport, light, ventilation air, restroom, toilet, water, training program and etc., these facilities are called as welfare facilities. The purpose of welfare facilities is to increase the satisfaction level of the employees.
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Now a day's employees are not only satisfied with the salary, which is provided by the company. At any level of salary, the employee's expectation is more than the salary that is other facilities like bonus, transport, light, ventilation air, restroom, toilet, water, training program and etc., these facilities are called as welfare facilities. The purpose of welfare facilities is to increase the satisfaction level of the employees.
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The global textile Industry which has an International trade worth USD 258 and 176 billion respectively in textiles and clothing in 2007 had a strong impact on the world economy through out the ages. In 2000, the worlds consumers spent around US$ 1 trillion on clothing- split roughly one third in Western Europe and North America each and one quarter in Asia. Seven percent of world exports are in textiles and clothing.
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Present boom in world trade, fueled by Asia's factories pumping low-cost manufactured goods into western economies will test the strength of United States. The business logistics by forcing shippers tend to rethink their inventory levels as they stretch their supply chains around the world. Global communication today is easier and less expensive thro E-commerce. It only target defined and physically measurable groups of people at present.
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