...and 2010[3] and employs approximately four million people[4]. The export-oriented Bangladeshi garment manufacturing industry has boomed into a $19 billion dollar a year industry[5] following the expiry in 2005 of an international agreement on textiles and clothing import quotas in place since the early 1960’s[6], duty-free access offered by western countries, and low labour costs. The Bangladeshi textile and garment manufacturing sector is fuelled by young, urbanizing, workers many of whom are women. With the majority of production destined for U.S. and European markets, Bangladesh’s ready-made garment industry now accounts for approximately 78% of total exports[7], second only to China as the world’s largest apparel exporter. However, Bangladesh has a long history of health and safety tragedies in garment and textile manufacturing. Garment factory fires and collapses have killed at least 1800 workers since 2005[8]. The Tazreen Fashions fire on 24th November 2012 and the unprecedented disaster of the collapse of the Rana Plaza factory complex on 24 April 2013, together resulting in the tragic death of over 1,200 garment workers are examples of the most recent and highly publicised disasters. The Accord on Fire and Building Safety in Bangladesh is designed to make all garment factories safe workplaces and is specifically developed to deal with the unique challenges facing the ready-made garment and textile industry in Bangladesh....
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...Ministry of Textiles (International Trade Section) *** Sub: Note on Textiles & Clothing Exports of India. 1. Introduction India’s textiles and clothing industry is one of the mainstays of the national economy. It is also one of the largest contributing sectors of India’s exports worldwide. The report of the Working Group constituted by the Planning Commission on boosting India’s manufacturing exports during 12th Five Year Plan (2012-17), envisages India’s exports of Textiles and Clothing at USD 64.41 billion by the end of March, 2017. The textiles industry accounts for 14% of industrial production, which is 4% of GDP; employs 45 million people and accounts for nearly 11% share of the country’s total exports basket. 2. Milestones i) Exports of textiles and clothing products from India have increased steadily over the last few years, particularly after 2004 when textiles exports quota stood discontinued. ii) India’s Textiles & Clothing (T&C) exports registered a robust growth of 25% in 2005-06, recording a growth of US$ 3.5 billion over 2004-05 in value terms thereby reaching a level of US$ 17.52 billion and the growth continued in 2006-07 with T&C exports of US$19.15 billion recording a increase of 9.28% over the previous year and reached USD 22.15 billion in 2007-08 denoting an increase of 15.7% but declined by over 5% in 2008-09. Exports of Textiles...
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...Economic Study on Textile Industry A REPORT on Indian Textile Industry Indian Textile Industry The textile industry is the largest industry of modern India. It accounts for over 20 percent of industrial production and is closely linked with the agricultural and rural economy. It is the single largest employer in the industrial sector employing about 38 million people. If employment in allied sectors likes ginning, agriculture, pressing, cotton trade, jute, etc. are added then the total employment is estimated at 93 million. The net foreign exchange earnings in this sector are one of the highest and, together with carpet and handicrafts, account for over 37 percent of total export earnings at over US $ 10 billion. Textiles, alone, account for about 25 percent of India’s total forex earnings. India’s textile industry since its beginning continues to be predominantly cotton based with about 65 percent of fabric consumption in the country being accounted for by cotton. The industry is highly localized in Ahmedabad and Bombay in the western part of the country though other centers exist including Kanpur, Calcutta, Indore, Coimbatore, and Sholapur. The structure of the textile industry is extremely complex with the modern, sophisticated and highly mechanized mill sector on the one hand and the hand spinning and hand weaving (handloom) sector on the other. Between the two falls the small-scale...
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...Textile Sector Overview The textile industry or apparel industry is primarily concerned with the production of yarn, and cloth and the subsequent design or manufacture of clothing and their distribution. The raw material may be natural or synthetic using products of the chemical industry. The textile and clothing (T&C) industries provide the single source of economic growth in Bangladesh's rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. Exports of textiles, clothing, and ready-made garments (RMG) became 77% of Bangladesh’s total merchandise exports. By 2013, about 4 million people, mostly women, worked in Bangladesh's $19 billion-a-year industry, export-oriented ready-made garment (RMG) industry. Bangladesh is second only to China, the world's second-largest apparel exporter of western brands. Sixty percent of the export contracts of western brands are with European buyers and about forty percent with American buyers. Only 5% of textile factories are owned by foreign investors, with most of the production being controlled by local investors. Textiles have been an extremely important part of Bangladesh's economy for a very long time for a number of reasons. Bangladesh is the world's second biggest exporter of clothing after China. Readymade garments make up 80 percent of the country's $24 billion in annual exports and 15 percent share of GDP. Consultancy firm McKinsey and Company has said Bangladesh...
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...Pakistan's Textile and Clothing Sector: Its Future in the European Union Karin Astrid Siegmann Working Paper Series # 110 November 2009 All rights reserved. No part of this paper may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or information storage and retrieval system, without prior written permission of the publisher. A publication of the Sustainable Development Policy Institute (SDPI). The opinions expressed in the papers are solely those of the authors, and publishing them does not in any way constitute an endorsement of the opinion by the SDPI. Sustainable Development Policy Institute is an independent, non-profit research institute on sustainable development. © 2009 by the Sustainable Development Policy Institute First Edition November 2009 Mailing Address: PO Box 2342, Islamabad, Pakistan. Telephone ++ (92-51) 278134, 278136, 277146, 270674-76 Fax ++(92-51) 278135, URL: www.sdpi.org Table of Contents Abstract .................................................................................................................1 1. EU-Pakistan Trade in Textiles and Clothing: A Love – Hate Relationship? ...........1 2. Character matters: structural features of T&C trade..............................................1 3. Anatomy of textiles and clothing trade between Pakistan and the EU ...................4 4. Future scenarios for a contested relationship...
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...PERFORMANCE OF TEXTILE INDUSTRY IN INDUSTRIALISATION: A STUDY WITH REFERENCE TO INDIA INTRODUCTION Prosperity of any nation is extremely difficult without industrial development – is a well established truth for all the economies – developing or developed. Economic development and industrialization have became so closely integrated with each other that progress of an economy is now accessed from the success it has achieved in transformation from agricultural set up into a industrial set up. Through industrialization a situation is created whereby many industries are set up rapidly and ultimately backward areas are converted into economically developed areas and backward economies into developed economies. Industrialization, infact is a composite term which involves a number of structural changes such as changes in the production techniques, factor intensities, industrial employment and output. Industrialization is not only a way to increase output or national income but is a means of introducing modern technology and changing ways of life and finally the structure of the economy because of its self-reinforcing quality. But the all above cannot be executed without a well planned industrial policy. The industrial polity provides direction to the pace of industrialization and industrial development. Hence, to industrialize the country, India too, framed industrial policy which was amended, modified and reoriented several times. The First Industrial Policy was framed in 1948...
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...changed the rules concerning quotas on textiles and apparel imports at the beginning of 2005. This long coming transformation has definitely affected more than just the United States. Several countries have had concerns over this new policy. Firms that outsource the manufactures of their textiles apparel could benefit from this policy. These firms now can outsource anywhere due to the quotas being lifted. The firms can choose who to outsource to based on prices and/or quality. The firms no longer need to worry about which nation has already met its quota. Since the quotas on the US textile and apparel imports have been eliminated, outsourcing firms should have a good advantage. Quiet a few countries have been affected by this policy change. Textile manufactures and workers have seen the consequences of this alteration. China has seemed to benefit from this change. According to the Klako Group, Chinese textile and apparel exports to the US increased by 62.5% overall in the first quarter of 2005. The increase in manufacturing has exposed the workers of China to more labor, but it has not increased the standard of living or improved living conditions. Indonesia is believed to lose a large piece of the textile and apparel division to China. In 2001, the US was the largest market for Indonesia’s textile and apparel exports. According to expresstextile.com, 1.2 million Indonesians are employed in this industry. A decrease in exports and production would leave the country’s...
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...Title: An analysis of the effect of WTO on textile industry in India and China from 2000-2012. Pattern of Organisation: Tropical Order Statement of Purpose: The purpose of this report is to analyse the effects of WTO (World Trade Organisation) on Textile Industry in order to assist the International garment traders to improve export performance of Textile and Garment Industry in India and China from 2000-2012. Report Structure 1.0 INTRODUCTIONBackground informationStatement of purposeScopingOutline2.0OVERVIEW OF MAIN PLAYERS 2.1 WTO AND ITS HISTORY 2.2 HISTORY OF THE TEXTILE INDUSTRY 2.3 HISTORY OF WTO ACTIONS AND THE GARMENT INDUSTRY UP TO 20003.0 Impacts of WTO on Textile Industry since 2000 3.1Impacts of WTO on Textile Industry In India 3.2Impacts of WTO on Textile Industry in China 3.3Other Nations4.0 SOLUTIONS TO THE GARMENT INDUSTRY’S CONCERNS 4.1Exports of Indian Textile Industry 4.2 4.35.0 5.1 5.2 5.3 | Brief Content with ReferencesThe WTO is the only global international organization dealing with the rules of trade between nations. The goal of the WTO is to help producers of good and services, exporters and importers conduct their business.The Textile Industry primarily concerned with the production of yarn, cloth and the subsequent design or manufacture of clothing and their distribution.The purpose of this report is to analyse the effect of WTO (World Trade Organisation) on Textile Industry in order to assist the international...
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...Trade Expositions and Missions (CITEM) • Garments Textile Industry Development Office (GTIDO) • Product Development and Design Center of the Philippines (PDDCP) • Philippine Textile Research Institute (PTRI) • Fiber Industry Development Authority (FIDA) Non-Government Sectors • Confederation of Garment Exporters in the Philippines (CONGEP) • Garment Business Association of the Philippines (GBAP) • Fashion Design Council of the Philippines (FDCP) • Textile Millers Association of the Philippines (TMAP) • Fashion Designers Association of the Philippines (FDAP) • Uniform Manufacturers and Designers Association (UNIMODA) • Cebu Garments Association (CBA) 2. Background • The Philippine garment industry lost significance in the country over the years, but still plays an important role in the economy, especially in regard to employment and export. Behind the dominating electronics products, clothing represents one of the main exports of the Philippines at billion-dollar mark per year. • The export-oriented manufacturers are producing especially for those foreign brands which are positioned in the middle or upper segment of the market • Local designer apparel and home grown brands have yet to penetrate the international market • The textile industry, on the other hand, is extremely weak. Almost all of the local garments manufacturers and exporters use imported fabrics. Textile mills shut down and local weaving reduced. Strategic...
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...2, No.4, August 2013 FACTORS AFFECTING THE EXPORT PERFORMANCE OF TEXTILE INDUSTRY IN DEVELOPING COUNTRIES – A REVIEW OF LITERATURE Yoganandan.G & Jaganathan A.T Assistant Professor(s) in Management Studies K.S.R College of Arts and Science Tiruchengode, India Saravanan. R Director and Head, Department of Management Studies Sri Krishna College of Technology Coimbatore, India. SenthilKumar .V M.Phil Scholar in Management Studies K.S.R College of Arts and Science Tiruchengode, India. Abstract The present study aims at reviewing researches conducted in the area of determinants of and factors affecting the export performance of textile industry. The tools used by the various researchers and their findings are studied in order to establish the academic contributions made by these studies to the existing body of knowledge, new models developed and also to highlight method adopted or suggested by researchers for conducting researches in the area of export performance of manufacturing industries with special focus on textile sector in developing countries. The article analyzed researches carried out in China, India, Sri Lank, Bangladesh and Pakistan. These economies are the dominant textile exporters in the international trade. The review highlights that most of the studies have been carried out on establishing the relationship between GDP, exchange rate, labor, capital (FDI) and technology with export performance of textile industry. Most of the researchers found a positive...
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...IN-COMPANY TRAINING REPORT ON MARKETING STRATEGY OF TOMMY HILFIGER COMPLETED IN TOMMY HILFIGER LTD SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF BACHELOR OF BUSINESS ADMINISTRATION (BBA) GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR TRAINING SUPERVISOR: SUBMITTED BY: MR. SAUMYA GHOSH MANDEEP SINGH (Senior Marketing Manager) Batch: 2007-2010 Enrollment No.: 07511213132 Session: 2007-2010 RNIS COLLEGE OF MANAGEMENT DIRECTORATE OF DISTANCE EDUCATION GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR-125001 PROJECT REPORT ON MARKETING STRATEGY OF TOMMY HILFIGER COMPLETED IN TOMMY HILFIGER LTD SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF BACHELOR OF BUSINESS ADMINISTRATION (BBA) GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR TRAINING SUPERVISOR: SUBMITTED BY: MR. SAUMYA GHOSH MANDEEP SINGH (Senior Marketing Manager) Batch: 2007-2010 Enrollment No.: 07511213132 Session: 2007-2010 RNIS COLLEGE OF MANAGEMENT DIRECTORATE OF DISTANCE EDUCATION GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR-125001 STUDENT DECLARATION I hereby declare that the Summer Training Report conducted at “Marketing Strategy Of Tommy Hilfiger” submitted in partial fulfillment of the requirement of bachelor of business administration (BBA) RNIS College...
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...FASHION EXPORT MERCHANDISING National Institute of Fashion Technology, DELHI M.F.M Semester 2 EXPORT INDUSTRY OF INDIA Submitted to – Ms Jasmine Dixit Submitted by – Kranti Wadmare Meghna Kumar Rahul Kumar Rounak Siraj Parul Dang EXPORT INDUSTRY OF INDIA Exports from India amounted to US$317.5 billion during 2014, up 44.1% since 2010. India’s top 10 exports accounted for 60.5% of the overall value of its global shipments. Based on statistics from the International Monetary Fund’s World Economic Outlook Database, India’s total Gross Domestic Product amounted to $7.376 trillion in 2014. Therefore, exports accounted for about 4.3% of total Indian economic output. Given India’s population of 1.252 billion people, its total $317.5 billion in 2014 exports translates to roughly $254 for every resident in that country. India’s unemployment rate was 4.1% in 2014. Sectors 1. Primary: Agriculture and mining (CIL , National mineral development corporation) 2. Secondary: Industry (Tata motors, Sun pharma industries, Indian Oil Corporation) * Petroleum products and chemicals * Pharmaceuticals * Engineering * Gems and jewellery * Textile * Mining 3. Tertiary: Services (Oracle TCS,Infosys) * Energy and Power * Infrastructure * Retail * Tourism * Banking and finance * Aviation * Information technology COMPOSITION OF EXPORTS Commodity group ...
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...The Indian Textile Industry is one of the largest segments of Indian economy accounting for over 20% of the industrial production as well as providing employment to around 65 million persons. It enjoys the distinction of being the highest foreign exchange earner for the country, accounting for nearly one third of the country’s total exports. Therefore, the sector shoulders a major responsibility in enhancing the foreign exchange reserves. Despite strong domestic demand-pull, textile exports have witnessed steady growth over the years. The share of India's textile exports in the world has grown from 1.8% in the beginning of 80's to around 3% at present. The advantages arising from a strong raw material base, a well established yarn and fabric industry and relatively low labor cost has led to quick growth in textile exports, from an insignificant base of less than US $3 million in the beginning of 70's to nearly US $ 12-13 billion. However, with the lowering of tariff barriers, removal of quantitative restrictions and the phase out of MFA regime, the textile industry is poised to enter an era of fierce competition, not only in exports but in the domestic market as well. All these developments are bound to have some effects on Indian textile trade and industry. To meet the emerging competition, the Government is continuously providing an enabling environment for the industry to be globally competitive. Realizing the vast export and employment potential of textile and clothing...
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...Origin(2011), of EU for GPS | It’s effect on the Textile industry of Bangladesh | | Prepared By S.M. SAZ LUL HOQUERoll: 46, Session: 2007-08Department of International BusinessPrepared ForDR. KAMAL UDDINProfessorDepartment of Int’l BusinessUniversity of Dhaka Date of Submission | 7/13/2011 | Following the new rule of origin (RoO)[2011], textile industry (spinning, weaving, and fabric processing) in Bangladesh face severe challenges to maintain its production and as well as export market whereas it create new opportunity for the clothing (RMG, Knitwear) sector. Its seams the new EU’s RoO [January 1, 2011] creates a dilemma for the export oriented industry of Bangladesh. This rule may also affect the overall all economy of Bangladesh in future. On This study is focused on the identification and evaluation of the affect and future strategy for the Bangladeshi Textile and Clothing Industry due to this new rule. | Introduction With the introduction of the New EU’s RoO in January 1, 2011, a number of countries will be affected, particularly those in the South Asian regions. Not all of them will be affected in a positive way; some will come out as losers and some in an ambiguous position. It is in the latter category that the country of Bangladesh is perceived to belong, because this rule is beneficiary for the Clothing sector but at the same time is my hinder the growth of the textile industry. Though Bangladeshi clothing industry is basically based on the import raw...
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...Pharmaceutical sector in Bangladesh In Bangladesh Pharmaceutical sector is one of the most developed hi tech sector which is contributing in the country’s economy. After the promulgation of Drug Control Ordinance – 1982, the development of this sector was accelerated. This sector is also providing 95% of the total medicine requirement of the local market. In 2000, there were 210 licensed allopathic drug-manufacturing units in the country, out of which only 173 were on active production; others were either closed down on their own or suspended by the licensing authority for drugs due to non compliance to GMP or drug laws. They manufactured about 5,600 brands of medicines in different dosage forms. There were, however, 1,495 wholesale drug license holders and about 37,700 retail drug license holders in Bangladesh. Anti-infective is the largest therapeutic class of locally produced medicinal products, distantly followed by antacids and anti-ulcerates. Top pharmaceutical company 1. Square Pharmaceuticals Ltd. 2. Incepta Pharmaceuticals Ltd. 3. Beximco Pharma ltd. 4. Bio-pharma Ltd. 5. Opsonin Pharma Ltd. 6. Eskayef 7. Renata Pharmaceuticals 8. Acme Pharmaceuticals 9. Aci Pharmaceuticals 10. Aristopharma 11. Drug International 12. Sanofi Aventis 13. Glaxosmithkline 14. Orion pharma bangladesh 15. Novo Nordisk 16. Healthcare Pharmacy 17. Ibn Sina 18. Sandoz 19. Popular Pharmaceutical Ltd. 20. Novartis ...
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