Doing International Business in Textile Industry
Doing International Business in Textiles
Submitted By:- Amruta Khallikar 11FN-056 Hitesh Gandhi 11DM-051 Prithvi Chandra 11IT-023 Vishnu Balagopal 11DM-177 Sabyasachi Mandal 11IB-051
Indian Textile Industry : A Backgorund The Indian textile industry is one of the leading textile industries in the world. Though it used to come under unorganized sector few years back, the scenario changed dramatically after the economic liberalization of the Indian economy. Liberalization gave the much-needed push to the textile industry, which has now successfully become one of the largest in the world.As per the last statistics available from the Annual Report 2009-10 of the Ministry of Textiles, "The Indian textile industry contributes about 14 per cent to industrial production, 4 per cent to the country's gross domestic product (GDP) and 17 per cent to the country's export earnings." Additionally, it provides direct employment to over 35 million people and is the second largest provider of employment after agriculture. India textile industry largely depends upon the textile manufacturing and exports. It also plays a major role in the economy of the country. It not only generates jobs in its own industry, but also opens up scopes for the other ancillary sectors. India textile
Submitted By:- Amruta Khallikar 11FN-056 Hitesh Gandhi 11DM-051 Prithvi Chandra 11IT-023 Vishnu Balagopal 11DM-177 Sabyasachi Mandal 11IB-051
Indian Textile Industry : A Backgorund The Indian textile industry is one of the leading textile industries in the world. Though it used to come under unorganized sector few years back, the scenario changed dramatically after the economic liberalization of the Indian economy. Liberalization gave the much-needed push to the textile industry, which has now successfully become one of the largest in the world.As per the last statistics available from the Annual Report 2009-10 of the Ministry of Textiles, "The Indian textile industry contributes about 14 per cent to industrial production, 4 per cent to the country's gross domestic product (GDP) and 17 per cent to the country's export earnings." Additionally, it provides direct employment to over 35 million people and is the second largest provider of employment after agriculture. India textile industry largely depends upon the textile manufacturing and exports. It also plays a major role in the economy of the country. It not only generates jobs in its own industry, but also opens up scopes for the other ancillary sectors. India textile