...Bottom of Form [pic]Indian Textile Industry and Garment Exports November 28, 2012 Disha Leave a comment The Indian textile industry is one of the largest industries in the world, with a huge raw material and textile manufacturing base. The industry occupies a unique position as a self-reliant industry, from the production of raw materials to the delivery of finished products. This large and ancient industry has carved out a special niche for itself as a facilitator of the county’s economic growth and participative development. Textile industry in India is a highly versatile sector, with smaller firms providing flexibility needed for smaller orders; the larger firms have the capacity to service the world’s biggest buyers. The Government of India has also undertaken several favourable policy initiatives, which have resulted in the growth of the sector. “Indian textile industry contributes about 14 per cent to industrial production, 4 per cent to the country’s gross domestic product (GDP) and 16.63 per cent to export earnings,” as per Ministry of Commerce and Trade, India. Major destination for Indian garment exports The USA is the number one destination for the exports of Indian apparels. During 2011, the garment imports to the USA from world were around US$ 81.51 billion. India exports garments of worth US$ 3.53 billion to the USA, which accounts for 4.33 per cent share in the USA’s total garment imports. AEPC: An official body of apparel exporters Apparel Export Promotion...
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...diaIntroduction Arcadia Group is one of leading retailers in UK. Arcadia have nine band of retail stores in UK (namely: BHS, Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit, Topshop, Topman and Wallis). Nowadays, Arcadia Group is standing with 600 international stores in 36 countries (Arcadia responsibility, 2011). The aim of this report is to analyse and evaluate from Arcadia Group to the Indian apparel retail market in order to the possibility expansion of Arcadia Group. The same time will be illustrates from the main of supplier in 56 countries to Indian retailer and to analyse the Indian culture of customers. Part 1 Arcadia’s resource base, including both tangible and intangible resources Tangible In terms of tangible resources, Arcadia Group expands their stores in worldwide. There are 2,507 stores in UK with 44,030 employees across nine different brands and 600 franchised stores in 36 countries. Arcadia Group expanded their international operations to many areas such as Australia, Canada and Kazakhstan in 2011 and Brazil in 2012 (Arcadia responsibility, 2011). From the Arcadia financial resources, there is a decrease of 1.8% compare with 2010 and 2011. the total revenue was £297.4 million until 27 of August in 2011. However, the first 12 weeks in 2011, Arcadia’s online sales increase by 21% (Arcadia Group Financial Results, 2010-2011). It is possible that Arcadia Group connect those two resources which influence the profit. Intangible According...
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...Introduction 1.1 Indian Textile Industry India is a traditional textile-producing country with textiles in general, and cotton in particular, being major industries for the country. India is among the world’s top producers of yarns and fabrics, and the export quality of its products is ever increasing. Textile Industry is one of the largest and oldest industries in India. Textile Industry in India is a self-reliant and independent industry and has great diversification and versatility. The textile industry can be broadly classified into two categories, the organized mill sector and the unorganized decentralized sector. The organized sector of the textile industry represents the mills. It could be a spinning mill or a composite mill. Composite mill is one where the spinning, weaving and processing facilities are carried out under one roof. The decentralized sector is engaged mainly in the weaving activity, which makes it heavily dependent on the organized sector for their yarn requirements. This decentralized sector is comprised of the three major segments viz., powerloom, handloom and hosiery. In addition to the above, there are readymade garments, khadi as well as carpet manufacturing units in the decentralized sector. The Indian Textile Industry has an overwhelming presence in the economic life of the country. It is the second largest textile industry in the world after China. Apart from providing one of the basic necessities of life i.e. cloth, the textile industry contributes...
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...The Textile Apparel & Clothing Industry in India Market Research 2009 Market Research on Textile Clothing & Apparels Prepared for Italian Trade Commission, Trade Promotion Section of the Consulate General of Italy Mumbai By ACE GLOBAL PRIVATE LIMITED NEW DELHI, INDIA Table of Contents 1. Introduction................................................................................................................... 1 1.1 Objectives ................................................................................................................... 1 1.2 Coverage ..................................................................................................................... 1 1.3 Methodology ............................................................................................................... 2 Secondary Research ...................................................................................................... 2 Primary Survey .............................................................................................................. 2 1.4 Draft Report ................................................................................................................ 3 2. Market Characteristics................................................................................................... 4 2.1 Market Size ................................................................................................................. 4 2...
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...The Indian textile industry is one of the oldest and most significant industries in the country. It accounts for around 4 per cent of the gross domestic product (GDP), 14 per cent of industrial production and over 13 per cent of the country's total export earnings. In fact, it is the largest foreign exchange earning sector in the country. Moreover, it provides employment to over 35 million people. The Indian textile industry is estimated to be around US$ 52 billion and is likely to reach US$ 115 billion by 2012. The domestic market is likely to increase from US$ 34.6 billion to US$ 60 billion by 2012. It is expected that India's share of exports to the world would also increase from the current 4 per cent to around 7 per cent during this period. Textile industry provides one of the most fundamental necessities of the people. It is an independent industry, from the basic requirement of raw materials to the final products, with huge value-addition at every stage of processing . Infact , it is estimated that one out of every six households in the country directly or indirectly depend on this sector. Here we analyze the sector's dynamics through Porter's five-factor model. 1) Threat of New entrants Indian Textile Industry is very dependent on personal contacts and experience. The new actors would have to bring some kind of client base along with the new establishment. Product differentiation may constitute a barrier of entry as manufacturers are heavily dependent on references...
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... | CONTENTS Executive Summary PART I/ UNIQLO and Apparel Industry * Overview of UNIQLO business * Apparel Industry: Value Chain & Key Success Factors PART II/ Environmental Analysis * PEST analysis for India * 5 Forces analysis for Apparel industry in India * SWOT analysis for UNIQLO’s entering into India PART III/ Strategy Formation * Entry Strategy: Entry Mode * Expansion Strategy: 3 Phases * Implementation Plan: 4P, AAA Conclusion Reference Appendix EXECUTIVE SUMMARY Japan is famous for innovation and high-tech manufacturing industries but not for fashion. However, this fact should be reconsidered since the brand UNIQLO, a true Japanese fashion brand, now can be found in the biggest cities of the world from world-class shopping malls like Ginza (Tokyo), Fifth Avenue (New York) to the streets of Shanghai and Malaysia. UNIQLO is the main brand of Fast Retailing Co., Ltd (see Appendix 1 for Corporate Profile), the largest producer in apparel retailing industry in Japan and ranks the fourth in the world (after ZARA, H&M and GAP). Mr. Tadashi Yanai, the founder and current CEO of Fast Retailing (FR) used to be the richest man in Japan. In this report, we develop the strategy to bring UNIQLO to the world second largest population, India. The reasons why we choose this plan can be explained briefly as following. Fast Retailing aims at becoming the number one apparel retailer in the world by 2020. In order to achieve this...
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...Section B: Welspun India Industry Analysis – Textile Industry on Global Scale The global apparel and fashion trade is expected to grow to USD1 trillion by 2020. However with growth slowing down in developed markets, the dynamics of the global fashion market are expected to change dramatically. Emerging economies will fuel most of the growth in the fashion market. Brazil, Russian, India & China (BRIC) along with few other South-East Asian countries are seen as the major growth drivers. In addition to this, global apparel markets in the recent past have shown a paradigm shift, moving towards increased product differentiation, and catering to a diverse, aware, and demanding customer base. Retailers have thus gravitated toward demographic shifts, societal influences, economic influence, and environmental concerns. With growth in developed economics cooling, retailers are facing pressure due to restricted consumer spending. Under such conditions the global apparel value chain has shown a distinct shift both at the front- and supply-end. Recent Global Trends in Textile Sector * Increase in textiles and clothing global trade from US$ 355 billion in 2000 to US$ 602 billion in 2010 * Expected to reach US$ 1 trillion by 2020, CAGR of 5% pa. * China, India, Pakistan, Bangladesh, Thailand, Indonesia are leading suppliers and further expanding their capacities. * Established markets (North America, Western Europe) continue to show traction * Emerging markets...
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...UNION BUDGET 2013-14 AND THE INDIAN TEXTILE INDUSTRY AN OVERVIEW The Indian Textiles Industry has an overwhelming presence in the economic life of the country. India employees about 100 million people in various forms related to the textile industry. This number is about 1/3rd of the total population of the United States. Owing to the employment and revenue generation, India has a cabinet level ministry for the textile sector. Textile sector can be broadly categorized into jute, sericulture, wool & woolen, man-made fiber & filament yarn industry. The Indian textiles industry contributes substantially to India’s GDP and exports earnings. The export basket consists of wide range of items containing cotton yarn and fabrics, man-made yarn and fabrics, wool and silk fabrics, made-ups and variety of garments. The major competitors for the Indian textile industry are China, Vietnam, and Bangladesh. USA is the single largest importer of textiles & clothing items. The rupee vis-a-vis dollar movement does have an impact on export of the textile industry. A 100% FDI is allowed in the textile sector under the automatic route. Several international retail brands are planning to invest in Indian textile sector as the Central Government has announced many incentives, including tax exemptions, to the textile and garment industry in the Union Budget 2013-14. According to the textile industry analysts, there will be 5-7 percent increase in foreign direct investment (FDI) with global...
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...the Apparel Industry in light of the rapidly growing online retail market With the rise in incomes coupled with the fact that more and more people today have some kind of online presence, it is imperative that the online retail market has assumed a significant role. Time is money, and people now often find it convenient to order items online instead of wasting the whole day moving around garment stores trying to find the best fit at the best price. In an emerging market like India, this kind of shift to shopping at the portals is happening gradually and the companies which are able to exploit the opportunities and handle the obstacles that they face along this kind of digitalization will have better chances at capturing market share. Brief Overview of Indian Apparel Industry and Emergence of Online portals India is endowed with natural resources like jute, cotton and silk. The textile industry is the largest employer of Indians, after the agriculture sector. But around 80% of this business is in the unorganized sector. Approximately 20% of Indian exports and 4% of Indian GDP is contributed by the apparel and clothing industry. However the Indian apparel industry has certain problems typical of emerging markets like labor, supply chain inefficiency, obsolescence. Despite these hurdles the unorganized sector is poised to grow at about 10% and the organized sector at close to 40%. The proliferation of social networks has ensured that a large number of Indians have...
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...Term paper submitted in partial fulfillment of the requirements of the Undergraduate Degree in Bachelor of Business Administration (Honours) J. D. Birla Institute at the Jadavpur University at Kolkata DECLARATION I declare the following: The word count of the dissertation is 11,200 words (approx) The material contained in this dissertation is the end result of my own work. Due acknowledgement has been given in the bibliography and references to all sources be they printed, electronic or personal. I am aware that my dissertation may be submitted to a plagiarism detection service where it will be stored in a database and compared against work submitted from this institute or from any other institutions. In the event that there is a high degree of similarity in content detected, further investigations may lead to disciplinary actions including the cancellation of my degree according to Jadavpur University rules and regulations. I declare that ethical issues have been considered, evaluated and appropriately addressed in this research. I agree to an entire electronic copy or sections of the dissertation to being placed on the e-learning portal, if deemed appropriate, to allow future students the opportunity to see examples of past dissertations and be able to print and download copies if they so desire. Signed: Date: Name: Sweta Prahaladka Roll no - 119 Supervisor: Mr. Shantanu P.Chakraborty ACKNOWLEDGMENT A project...
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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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...Textile Industry This industry can be divided into various segments as been described below Cotton textile Silk textile Woolen textile, readymade garments, jute and coir. This Industry is second largest employment provider to the people in India after agriculture. Cotton textile has shown a growth of 10% last year and other textile products have shown a growth of nearly 3%.Indian textile industry has a potential to rise up to 80 billion dollars up to the end of 2020. Urgently Indian Textile Industry caters to 60Billion dollars. Pest analysis:- Political-Government intervenes in terms of environmental and labor laws, tariffs, trade restrictions, tax policies and Political stability affects the Textile Industry. Government also extends subsidies to the textile industry. Economical- Change in Exchange rates, inflation rates, interest rates and economic growth Impacts the business and also affect the Textile industry. Increasing Inflation rates make the cost of production high and thus reduce the profit margin of Industry. Social – The change in lifestyle of product affects the growing demand of apparels. Thus change in lifestyles of different demographics also affects the demand of customers. Technological- Technological advancement in all sectors has changed the entire socio economic environment. In textile lot of automated operating machines are being used which increases the efficiency of working and also increases the amount of goods made. Market Size Indian market has...
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...license merchandising rights to manufacturers (independent and/or own) called as licensees... ------------------------------------------------- FBM - The Indian JourneyBy 2001, India was undoubtedly the world' s largest film producing country with over 27,000 feature films and thousands of documented short films (on an average, around 800 films were produced annually) in over 52 languages. As per a study conducted in March 2000 by FICCI-Arthur Andersen, the Indian film industry is expected to grow from Rs 84 billion in 2000 to Rs 340 billion by 20051. Even though Hollywood had been using FBM for a long time, a majority of Indian producers did not seem to be too keen on using it for Hindi and regional language movies... | | ------------------------------------------------- What Ails FBM in India? FBM had not really caught the fancy of the Indian film industry. While most distributors agreed that there was definitely a large market in terms of volume, problems such as the licensing issues were yet to be dealt with. | The only leading licensed merchandiser in India was Disney with about 40 licences including Weekender Kids, Timex, Cadbury, Parry' s, Leo Mattel and Funskool, making a wide range of character based merchandise. Import restrictions added to the lack of large-scale adoption of FBM in the country. Apparel, one of the most lucrative categories of FBM does not require very high start-up costs and the entire range can be made and retailed at a nominal price range...
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...like to express my profound gratitude to all those who have been instrumental in the preparation of this project report. We wish to place on records, our deep gratitude to our project guide Dr. Rajesh Jain, a highly esteemed and distinguished guide, for help and advice. INDIAN TEXTILE INDUSTRY The Textile industry in India traditionally, after agriculture, the only industry that has generated huge employment for both skilled and unskilled labor in textiles. The textile industry continues to be the second largest employment generating sector in India. It offers direct employment to over 35 million in the country. India is the second producer but India will lead in all. According to the Ministry of Textiles, the sector contributes about 14% to industrial production, 4% to the country's gross domestic product (GDP) and 17% to the country's export earnings. The share of textiles in total exports was 11.04% during April–July 2010, as per the Ministry of Textiles. It is estimated that India would increase its textile and apparel share in the world trade to 8% from the current level of 4.5% and reach US$80 billion by 2020. During 2009-2010, Indian textiles industry was pegged at US$55 billion, 64% of which services domestic demand. Contents 1 History 2 Production 3...
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...Company Analysis: Monte Carlo Overview of Indian Economy According to National Council of Applied Economic Research (NCAER) the fourth largest economy of the world, i.e. India is expected a growth rate of 5.1% to 5.5% in real GDP in 2015. Moreover Technopak Report 2014 says, textile and apparel industry has been a major contributor to India’s GDP from last two decades, providing employment to more than 45M people. This sector has also contributed towards the growth of industrial production and foreign exchange through exports. Textile and Apparel Industry In developing countries like India, higher annual GDP growth corresponds to increase in purchasing power of the consumers, favouring the growth in textile and apparel industry. But in developed countries USA, Japan and countries of European Union slower annual GDP growth corresponds to reducing the demand for textile and apparel. Cheap labour in developing countries accounts well for their production advantage. The size if Indian textile and apparel industry has increased substantially from US $70 billion in 2006 to US $90 billion in 2013. (Source: Technopak Report 2014) Overview Monte Carlo was launched in 1984 as an exclusive woollen brand, since then it has been a leading apparel brand in India in terms of revenue. Monte Carlo has successfully established as a Superbrand in each section consumers, viz. Men, Women and Kids. It primarily caters to premium and mid-premium segments among the above 3 consumer sections...
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