Emphasis on Textile and Garment Exports
Arya Harsh Gupta
I take this opportunity to express my gratitude to all the people who have guided and helped me in the course of completion of my project. A successful project can never be done by an individual to whom the project is assigned, lest the individual get the help and guardianship of a person. I feel immense pleasure to express a deep sense of gratitude to my mentor Dr.xxx , who has given me an opportunity for doing Project.
His valuable suggestions and helping hands has helped me to complete my project successfully.
ARYA HARSH GUPTA
TABLE OF CONTENTS| Page nos.|
1. Introduction| 4-6|
2. Literature Survey | 7-20| 3. Research Methodology| 21|
4. Objective| 22|
3. Segment Analysis| 23-26|
4.Textile and Garment Exports Performance| 27-36|
5. SWOT Analysis for Textile Industry| 37-45|
6. Major Players In Exports| 46-47|
7. Foreign Direct Investment in Textiles and Clothing Sector| 48-49| 8. Impact of global recession on India’s textiles exports| 50-51| 9. Major Textile Export Promotion Councils | 52-53|
10. Future Trends & Data interpretation| 54-55|
11. Conclusion| 56|
12. References| 57|
Export in simple words means selling goods abroad or export refers to outflow of goods and services and inflow of foreign exchange. The term "export" is derived from the conceptual meaning as to ship the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" who is based in the country of export whereas the overseas based buyer is referred to as an "importer".
In economics, an export is any good or commodity, transported from one country to another country in a legitimate fashion, typically for use in trade.
In International Trade, exports refer to selling goods and services produced in home country to other countries.
Textile and Garment Structure: An Overview
The textile and garment industry is one of the oldest sectors in the country. It is one of the mainstays of the national economy. It is also one of the largest contributing sectors of India's exports worldwide.
The Indian textiles industry is extremely varied, with the hand-spun and handwoven sector at one end of the spectrum, and the capital intensive, sophisticated mill sector at the other. The decentralized powerlooms/ hosiery and knitting sectors form the largest section of the textiles sector. It has the advantages of high operational efficiencies in spinning and weaving, low-cost skilled labour, availability of raw materials and design capabilities.
The close linkage of the Industry to agriculture and the ancient culture, and traditions of the country make the Indian textiles sector unique in comparison with the textiles industry of other countries. This also provides the industry with the capacity to produce a variety of products suitable to the different market segments, both within and outside the country.
The major sub-sectors that comprise the textiles sector include the organized Cotton/ Man-Made Fibre Textiles Mill Industry, the Man-made Fibre / Filament Yarn Industry, the Wool and Woollen Textiles Industry, the Sericulture and Silk Textiles Industry, Handlooms, Handicrafts, the Jute and Jute Textiles Industry, and Textiles Exports.
It has a unique position as a industry covering wide gamut of activities ranging from production...