Indian Textile Industry – SWOT Analysis

Posted on January 14, 2023 by admin

The Indian textile business is one regarding the leading fabric industries in the particular world. Though that used to arrive under unorganized industry few years again, the scenario changed dramatically after typically the economic liberalization regarding the Indian economic system. Liberalisation gave typically the much-needed push to the textile industry, which includes now successfully come to be one of typically the largest on the planet. Since per the final statistics available from the Annual Review 2009-10 of the Ministry of Textiles, “The Indian textile business contributes about fourteen per cent to industrial production, four per cent in order to the country’s gross domestic product (GDP) and 17 for every cent to the country’s export revenue. ” Additionally, that provides direct job to over 35 million people and is the second biggest provider of work after agriculture.

walk behind vibratory roller compactor says “The current home market of textile in India is definitely likely to increase upwards to US$ sixty billion by 2012 from the present US$ 34. 6th billion. The talk about of exports is also expected to enhance from 4% to be able to 7% within this year. ” Textile Add-ons are an important part of this specific segment.

Strengths involving the Indian Linen Industry

India’s largest strength lies in it is big pool involving cheap and accomplished workforce. However, aside from it there are nothing else important elements which leads to its strength such as

Massive Domestic Market ingestion (due to it is own population).
Great Export Potential (Indian products are throughout great demand between the western importers)
The new time creative and threat taking entrepreneurs.
Utilization of latest technology which often produces high top quality multi-fiber raw stuff.
Supportive government policies.
The Indian Sheet Industry has the fair share of weakness like:

Typically the increased global competition due to WTO policies.
Use involving outdated manufacturing technological innovation from the low end suppliers.
Inefficient source chain management.
Additionally , this sector remains to be unorganized at many levels and requirements a great deal of government reforms for further improvisation.

The western nations around the world are now setting up their manufacturing products in India which in turn single handedly unwraps up a wide array of options for all the stakeholders within the textile industry.

Experts think that the golden era of Oriental textile and clothing exports is over as well as the production bottom of worldwide textiles is gradually shifting through China to Indian, Pakistan and other low cost destinations.



Leave a Reply

Your email address will not be published. Required fields are marked *