Indian Textile Industry : SWOT Analysis


The Indian textile market is one associated with the leading textile industries in the world. Though this used to appear under unorganized market few years back again, the scenario changed dramatically after typically the economic liberalization regarding the Indian economic climate. Liberalisation gave the particular much-needed push to the textile industry, containing now successfully become one of the largest on the planet. As per the final statistics available from the Annual Record 2009-10 from the Ministry of Textiles, “The Indian textile industry contributes about 14 per cent to industrial production, some per cent in order to the country’s uncouth domestic product (GDP) and 17 for every cent to typically the country’s export revenue. ” Additionally, this provides direct employment to over thirty-five million people and it is the second largest provider of job after agriculture.

The report further says “The current local market of sheet in India is usually likely to increase way up to US$ sixty billion by 2012 from the existing US$ 34. six billion. The present of exports is also expected to boost from 4% to 7% within 2012. ” Textile Components are an important part of this kind of segment.

Strengths associated with the Indian Linen Industry

India’s greatest strength is based on the big pool of cheap and skilled workforce. However, besides it there are few other important components which contributes to their strength such as

Huge Domestic Market consumption (due to their own population).
Huge Export Potential (Indian products are in great demand among the western importers)
The new era creative and risk taking entrepreneurs.
Using latest technology which often produces high high quality multi-fiber raw material.
Supportive government procedures.
The Indian Sheet Industry has it is fair share associated with weakness like:

The increased global opposition due to WTO policies.
Use of outdated manufacturing technological innovation from the low end suppliers.
Inefficient supply chain management.
In skid steer rock picker , this sector continues to be unorganized at several levels and requires plenty of government reconstructs for further improvisation.

The western nations around the world are setting up their manufacturing models in India which single handedly unwraps up a wide array of choices for all typically the stakeholders within the material industry.

Experts believe that the gold era of China textile and attire exports is over and the production bottom of global textiles is usually gradually shifting through China to India, Pakistan as well as other minimal cost destinations.

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