TEXTILE INDUSTRY PPT
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Transcript of TEXTILE INDUSTRY PPT
Textile Industry
Presented by
Prafulla Rahate-45
Kaushik Solank-58
Spotlight On
1. Objective & Problem2. Profile3. Current facts 4. Categories5. Major players6. Factors7. Expectations from Union Budget 2009-108. Budget Impact9. Opportunities and Threats 10. Findings
Objective
• To examine the nature of relationship between “Rising value of Rupee against Dollar” & “Indian Textile Industry”
Problem
• Margins of textile firm shrinking
Profile of Indian Textile Industry
• 26% manufacturing sector
• 20% of industrial production
• 18% of industrial employment
• 4% GDP
Current Facts
• Worlds Second largest cotton producer
• Cotton exports couldn't pick up owing to disparity in domestic and international cotton prices.
• Second largest employment provider : 35 million
Categories
• Cotton Textiles
• Silk Textiles
• Woolen Textiles
• Readymade Garments
• Hand-Crafted Textiles
• Jute
Major Players
• Arvind Mills
• Raymond
• Reliance Textiles
• Bombay Dyeing Ltd.
• Grasim Industries
Factors affecting Indian Textile Industry
Expectations from Union Budget 2009-10
• Revival of sector depends on government support – Cheslind Textiles
• Flexible Labour Norms – GEA
• Investment led Budgets – FICCI
• Expects relief to export sector – FIEO
Budget Impact
• Higher allocation for TUFS
• Continuation of interest subvention of 2%
• Allocation towards handloom & handicraft sector.
Opportunities and Threats
Environmental Factors Opportunity Threats
Political Factor National textile policy 2000
Unfavorable labour law
Economic Environment Income increases
Purchasing power
Branded cloths
Readymade garment
Technology Environment
Government support to technology upgradation
Traditional Market for Powerloom & Handloom Products & forcing them for product diversification
Economic Environment
Growing Economy
Growth rate of Domestic Textile Industry is 6-8% per annum.
Largest exporter of Yarn
contributes around 25% share
The Apparel Industry
Higher Indirect Taxes
State Taxes-VAT
Entry tax
Luxury tax
Mandi tax
Electricity duty
Octroi
Natural Environment
Independent & Self- Reliant
Raw Material availability
Low Cost and Skilled Manpower
Availability of large varieties of cotton fiber
Fragmented Industry
Dependent on Cotton
Lower Productivity
Industrial Competition
Retail Industry and Malls
Product development
Greater Investment & FDI opportunities
Competition from other developing countries
Continuous Quality Improvement
Price and Quality.
FINDINGS
Rising value of Rupee against Dollar• Small textile companies into losses
• Big brands struggling with high interest rates
• Higher cost of raw material and labour
THANK YOU