India’s textiles sector is one of the oldest industries in the Indian economy dating back several centuries. India’s textile and apparel exports stood at US$ 38.70 billion in FY19 and is expected to increase to US$ 82.00 billion by 2021 from US$ 22.95 billion in FY20 (up to November 2019).
The Indian textiles industry is extremely varied, with the hand-spun and hand-woven textiles sectors at one end of the capital-intensive sophisticated mills sector at the other end of the spectrum. The decentralized power looms/ hosiery and knitting sector form the most important component of the textiles sector. The close linkage of the textile industry to agriculture (for raw materials like cotton) and therefore the ancient culture and traditions of the country in terms of textiles make the Indian textiles sector unique as compared to the industries of other countries. The Indian textile industry has the capacity to supply a good sort of products suitable to different market segments, both within India and across the planet .
India is second largest world producer of polyester and viscose, but India is ranked sixth within the exports of artificial Fibre (MMF) textiles.
Today, India is one of the world’s leading manufacturers of artificial textiles. Indian fabrics are known for their excellent workmanship, colors and durability. investments in world-class manufacturing plants, continuous innovation, new product mix and strategic market expansion, Indian man-made fibres (MMF) are set to need centre stage within the worldwide arena. Textile industry contributes two per cent to India’s GDP, seven per cent to India’s industrial production and 16 per cent to the country’s exports and use quite 18 million people directly and quite 20 million people indirectly.
About 27% of the exchange earnings are on account of export of textiles and clothing alone. The textiles and clothing sector contributes about 14% to the economic production and three to the gross domestic product of the country.
A textile is that the largest single industry in India (and amongst the most important within the world), accounting for about 20% of the entire industrial production. It provides direct or indirect employment to around 21 million people.
The above chart clearly shows that export of world trade textile group. Among world textile group its figure approximatly EU occupies 34.80% of export, next is China at 15.90%, USA at 6.40%,
Surat is prominent textile market in India and Textile Infomedia may be a largest online directory for Surat Textile Market. We will offer you the list of Markets in Surat City, Which definitely helps you to seek out out your suitable business needs from Surat Textile Market. All these markets having thousands of fabric merchants and that they are foremost wholesaler and manufacturer of Textile industry in Surat. They all are majorly deals in Wholesale dress, Sarees and Fabric items.
There are thousands of outlets and merchants in Textile Market in india; We have provided here an inventory of leading Textile markets from Surat. This list will certainly help to urge your all needs about wholesale dress and saree markets in Surat city.
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Type of Textile Product:
SAREES
- Bridal Saree
- Silk Saree
- Banarasi Silk Saree
- Cotton Silk Saree
- Designer Saree
- Printed Saree
- Georgette Saree
LEHENGA CHOLI
- Bridal Lehenga Choli
- Designer Lehenga Choli
- Silk Lehenga Choli
- Printed Lehenga Choli
SALWAR SUIT
- Patiala Dress
- Straight Dress
- Printed Dress
- Cotton Dress
- Georgette Dress
- Anarkali Dress
- Pakistani Dress
GOWN
- READY-MADE GOWN
- SEMI-STITCH GOWN
KURTI
- Reyon Kurti
- DESIGNER KURTI
- Georgette Kurti
- Kurti With Plazzo
LACE
- Normal Lace
- Jari Lace
- Fancy Lace
- Designer Lace
EXPORT SCENARIO:
Textiles contributed 21% of India's exports to about more then US $ 12.5 Billion. The Quota Countries mainly USA, EU (15) and Canada constituted 70 you look after total garment exports and 40% of India's textiles exports. In non-quota countries UAE is that the largest market with 7% of textile exports and 10% of garment exports from India.
INDIAN TEXTILE INDUSTRY – SWOT ANALYSIS
Strength
» India has highest resources of raw materials of textile industry. It is one among the most important producers of cotton within the world and is additionally rich in resources of fibres like polyester, silk, viscose etc.
» India is rich in highly trained manpower. The country features a huge advantage thanks to lower wage rates. Because of low labor rates the manufacturing cost in textile automatically comes right down to very reasonable rates.
» India is very competitive in spinning sector and has presence in most processes of the worth chain.
» Indian apparel industry is extremely diverse in size, manufacturing facility, sort of apparel produced, quantity and quality of output, cost, and requirement for cloth etc. It comprises suppliers of clothes like ready-made garments for both, domestic or exports markets.
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Weakness
» Knitted garments manufacturing has remained as a particularly fragmented industry. Global players would like to source their entire requirement from two or three vendors and therefore the Indian garment units find it difficult to satisfy the capacity requirements.
» Industry still plagued with some historical regulations like knitted garments still remaining as a SSI domain.
» Labour force giving low productivity as compared to other competing countries like china.
» Technology obsolescence despite measures such as TUFS.
» Low bargaining power in a customer-ruled market.
» India seriously lacks in trade pact memberships, which results in restricted access to the opposite major markets.
» Indian labour laws are relatively unfavorable to the trades and there is an urgent need for labour reforms in India.
Opportunity
» Low per-capita domestic consumption of textile indicating significant potential growth.
» Domestic market extremely sensitive to fashion fads and this has resulted within the development of a responsive apparel industry .
» India's global share is simply 3% while China controls about 15%. In post-2005, China is predicted to capture 43% of worldwide textile trade.
» Companies need to concentrate on new product developments.
Threats
» Competition in post-2005 isn't just in exports, but is additionally likely within the country thanks to cheaper imports of products of upper quality at lower costs.
» Standards like SA-8000 or WARP have resulted in increased pressure on companies for improvement of their working practices with training.
» Alternative competitive advantages would still be a barrier.
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