Economic policies in Indian textile industry

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7/23/2019 Economic policies in Indian textile industry http://slidepdf.com/reader/full/economic-policies-in-indian-textile-industry 1/14  Textile Industry By Group 4 Surbhi Sharma  Atul Gupta Manoj Shantanu Srivastava Shubhra Sasmit Siddhant Khunger Vaibhav

Transcript of Economic policies in Indian textile industry

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 Textile IndustryBy Group 4

Surbhi Sharma

 Atul Gupta

Manoj

Shantanu Srivastava

Shubhra Sasmit

Siddhant Khunger 

Vaibhav

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Our process is easy

Intro Market

Govt.Laws

UnfaiPractic

Social

Issues

Q !LEGENDS U

MMF – Man

 ADD – Anti D

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"  Textile sector contri#utes $% per cent to industrial production and % p" 'it( over %) *illion people+ t(e industry is one of t(e lar,est source

,eneration in t(e country for #ot( skilled as well as unskilled la#ors"  T(e textile industry is #asically divided across-

eady Made Gar*ents/otton TextilesMan0*ade textiles 1polyester+ nylon+ viscose+ acrylic2

"  T(e industry accounts for nearly $3 per cent of total exports" India is also t(e second lar,est textile exporter after /(ina"  T(e si4e of India5s textile *arket in 67$% was US8 99 #illion: t(e *ark

to expand at a /!G of 9.; per cent over 67$%<63

 Textile Industry in in

Soure! Ministry "# $e%tiles& $ehS

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aps

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!ssess*ent of *arket concenta

" T(e overall *arket si4e is s. 6$%9$=.%) crores" T(e Market s(are of top co*panies are

>ir* Market S(areGrasi* $3.;%?

Laks(*i Mills $7.$%?

@ard(*an 6.%$?

!rvind 6.66?

Ao*#ay &yein, $.3$?

ay*ond $.76?

Soure! transparenymar

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" T(e BBI for t(e top co*panies is 376.3; w(ic( indperfect co*petition

" T(e *arket s(ares of t(e top ; co*panies is 37.Cw(ic( indicates t(at it is a (i,(ly co*petitive *ar

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"  T(e ,overn*ent (as oDered (ealt( insurance covera,e to $;$.$7 *illion weaverworkers under (andloo* weavers co*pre(ensive sc(e*e.

" !s per t(e $6t( year Eve year plan+ t(e inte,rated skill develop*ent sc(e*e ai*s6;C)+777 people wit(in next ) years.

" !s per t(e credit ,uarantee pro,ra*+ over 6)777 artisans credit cards (ave #eenartisans and $;.)7 *illion additional applications for issuin, credit cards (ave ##anks .

"  T(e Indian ,overn*ent (as ,iven approval to %7 new textiles parks to #e set up#e executed over a period of 3; *ont(s.

"  T(e new textiles park would levera,e e*ploy*ent to %77+777 textile workers

e,ulatory >ra*ewo

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"  T(e Indian ,overn*ent (as co*e up wit( a nu*#er of export pro*otion policies fosector. It (as also allowed $77 per cent >&I in t(e Indian textiles sector under t(e a

" So*e of initiatives taken #y t(e ,overn*ent to furt(er pro*ote t(e industry are as

 T(e ,overn*ent (as taken a nu*#er of initiatives for t(e welfare and develop*ent oand t(e (andloo* sector. Under revival+ refor* and restructurin, 12 packa,e+ Ena

to t(e tune of s $+7$9 crore 1US8 $;%.C6 *illion2 (as #een approved and t(e Indian (as released s C%$ crore 1US8 $$9.C= *illion2.  T(e /a#inet /o**ittee on Fcono*ic !Dairs 1//F!2 (as approved an Inte,rated Proc

&evelop*ent Sc(e*e 1IP&S2 wit( a corpus of s )77 crore 1US8 =7.=6 *illion2 to *aprocessin, units *ore environ*ent0friendly and ,lo#ally co*petitive.

 T(e Ministry of Textiles plans to ink a deal wit( >lipkart to provide an online platfor* weavers to sell t(eir products

"  T(e Indian ,overn*ent (as ,iven approval to %7 new textiles parks to #e set up an

executed over a period of 3; *ont(s.

/(an,es in e,ulati

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Bolds politicalsway to resist

c(an,es inre,ulations

(ar*in, t(eirinterest

Mass recruiterindusty+t(ereforeextre*ely

unfairco*pensation

 T

'/on

espet(eand

!#use of &o*inance

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!nti /o*petitiveness+ ,rie #i%ation o# MMF produts in the domesti mar*ets+ $he domesti manu#aturer o# MMF basing their prie on import landed os+ Selling heaper in overseas mar*et than domesti mar*et+  Alloation o# ustomers #or spei#i suppliers and other suppliers not supply

these ustomers-regions)

+ .utting do/n prodution jointly to avoid ompetition)+ Due to the imposition o# ADD the pries beoming higher in the domesti m+ 0%port inentives provided to the e%porters o# MMF manu#aturers giving the

e%tra bene#it)+ 1n#air& ambiguous& monopolisti and dominating poliies on priing& disoun

dispathes)+ 2imiting 3uantity o# spei#i 3uality o# #ibre Kharah #ibre5& /hen there is a

re3uirement o# yarn made out o# that #ibre)

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'orker exploitation/(ild la#ourLow wa,esPoor workin, conditions!ni*al a#use

Social Issues

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Green(ouse ,as e*issionHatural resource a#useUse of toxic c(e*icalsHoise+ water and airpollution

Fnviron*entalIssues

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t(anks

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