Showing posts with label Indian Textile. Show all posts
Showing posts with label Indian Textile. Show all posts

Tuesday, 15 November 2016

Khadi Calling - The Growth of Indian Textile

Indian Khadi

As they say, “Luck favours the Brave”, and this has been proven right by a Radio Jockey hailing from the city of Nawabs, Lucknow. Meenu Singh, who started her career as a Radio Jockey and reached the zenith of success did not become complacent. Instead she forayed into the world of cinema, where again she conquered with the NOVA film house award for her very first short film. While her career choice kept her going, she knew her heart laid with none other than the quintessential Indian fabric, Khadi! Such was her love for this fabric that she decided to set up a T-shirt Store and forward the earnings from the same towards an NGO partner of the Khadi and Village Industries Lovers Association (KAVILA).

Saturday, 29 October 2016

Textile Ministry Supports Free Trade Agreement with EU

India Free Trade Agreement with EU

The Indian textile ministry sees the Free Trade Agreement (FTA) with the European Union (EU) as one of the most promising measures to boost exports. It is for this reason that it is in talks with the Commerce Ministry to urge the closing of this agreement. It is speculated that once the FTA is implemented, it will help increase the export of fabrics ,garments as well as Home textiles and will help in dealing with the increasing competition with Bangladesh & China. This, teamed with China’s downtrend in export growth will help India regain or improve its original position in the arena of textile exports.

Thursday, 22 September 2016

Technical Textiles - Safest Investment Option in Indian Textiles?

Investors are always on the lookout for profitable option, however, considering the present day scenario of volatility, especially with the GST coming in anytime now, it might be a little easier  to speculate and invest in a textile product which is not only safe but profitable as well. In fact for what it’s worth, most businessmen and traders wish to put in their money on something that assures them of the following factors:

  •          Higher Margins of Profit
  •          Sustainability
  •          Lower Periods of Gestation
  •          Assured Returns
  •          Ease in Debt Repayment

While it is the conventional textiles which enjoy the better part of the market’s capital, businesses are now looking forward to diversifying, in order to avert the expenditures incurred in this capital and labour incentive segment.

While carpets, handloom and other textiles involving man-made fabrics show promise, the market for these is rather saturated and thus leaves little or no scope for new entrants. Moreover, some of these products, especially rugs and carpets that require fine craftsmanship, take up a lot of resources in terms of money as well as skilled labour for manufacturing, which makes them a non-viable alternative.

On the other hand, the technical textiles is one segment that is showing a great promise, without too may strings attached. Given that products of this segment are only in their introductory phase, at least in India, the speculated growth rate of technical textiles is rather impressive. With a substantial growth of over 16% in the decade of 2001 to 2010, this segment is expected to register a consistent growth of 20% per year. Pertaining to this growth, the market size for technical textiles by the year 2017, will be close to $36 billion! Moreover, since technical textile products are highly engineered and manufactured for very specific purposes on the basis of their functional properties, thus making them high value products and ensuring higher returns and eventually better profit margins. 

As of the current scenario, the disposable income with Indian consumers is growing at a steady level, which in turn will enable them to make greater purchases on products related to sport textiles, home textiles, medical textile etc.  Moreover, in the coming five years, the middle income group which comprises of over 300 million people will increase to approx. 520 million, thus creating an unparalleled opportunity for growth for the technical textile sector. Here the demographic hold high importance, especially because the middle class is:
  •          Fairly educated
  •          Receptive to disposable products
  •          On the lookout for more and more products pertaining to technical textiles
  •          Contributing to the growth of organised retail sector in the nation

Furthermore, a large chunk of the nation’s population is currently below the age of 25, which ensures an even better growth prospect for this segment, and in fact, for any other segment as well.
Technical textiles make for a great investment option, especially because of their immense range of applications. With the increasingly growing demands from the consumers as well as other industries, the pool of opportunities that lie ahead seem never ending. At present the contribution of India towards global technical textiles is a meagre 9 percent. Given that there aren’t many players in the market, there is a good chance that India can make its own mark in the segment, sooner rather than later.

This can be deduced from the fact that India has certain advantages over the developed nations including but not limited to inexpensive labour, and abundance of raw material, a steadily increasing population, a promising infrastructure development as well as sky-rocketing industrial growth. All of these combined will surely make investment in technical textiles worth the time effort and resources of businessmen and traders alike.

Wednesday, 13 July 2016

Amazon to Invest $3 Bn in India - How Will This Benefit The Textile Industry?

Narendra Modi with Jeff Bezos

The Founder and CEO of the e-commerce giant Amazon, Mr. Jeff Bezos recently announced the company’s plan to increase their investment in India by a whopping 3 million. This will bring the overall investment capital of the e-portal in India to over $5 Billion.

Wednesday, 6 July 2016

Government Brings in Labour Reforms via 6,000cr Textile Package

In a recent turn of events, the Union Cabinet has introduced certain changes in the labour laws of the nation, and has approved a significantly humongous package of Rs. 6,000 crore for the textile and apparel segment, in this effect.

Tuesday, 21 June 2016

Future of Indian Textile Industry

Future of Indian Textile Industry
One of the oldest sector in India, textile sector also happens to be the largest in the country. However, in the decade gone by, the industry has been plagued with a plethora of issues ranging from government regulations to economic slowdown and many others. In fact, there even came a time where small players like Pakistan, Bangladesh and Sri Lanka, which any considerable strength in the sector raced ahead of India in many sectors. Nonetheless, Indian textile sector bounced back with full strength and even managed to achieve an exemplary GDP of over 6%. Moreover, it was only during the decade gone by, that the Indian textile and clothing industry was officially integrated with the World Trade Organisation.

Friday, 13 May 2016

Is The Internet The Right Stimulus For Indian Textile Industry?

Internet for textile industry

India, the second-largest producer of textiles and garments, has been eyeing to be a sourcing hub, riding on the back of a skilled labor force and opulence of cheap raw materials. With Indian Textile Industry accounting for a quarter of the global spindle capacity, its potential size is speculated to reach US$23 billion by the end of this decade.

Being the second largest employment generating sector in the country after agriculture, Textile Industry has got a huge bearing on the country’s economy. Hence, a holistic development of this sector is imperative for GDP expansion. Infusing the right kind of technology with this industry is definitely the roadmap to tap the entire market potential.