FKM
FKM
FKM
Clothing has been called the second skin in recognition of its intimate connection with peoples physical and psychological comfort.
Designers choose textile material very early in the product development cycle because the properties of fabric are linked to the silhouette and the mood of the collection. World of textile is an exciting area where fashion performance and marketing are blended to provide textile products for people all over the world.
The textile industry is estimated to be around US$ 52 billion and is likely to touch US$ 110 billion by 2012. Indian textiles, handlooms and handicrafts are exported to more than 100 countries, with the US being the largest buyer (US$ 25 billion).
Handloom sector
The sector accounts for 15% of the total cloth produced in the country. The handloom mark launched on June 28 2006 serves as a guarantee for the buyer that the product being purchased is genuinely hand woven.
Various companies
Arvind mill Alok textiles Raymond Ltd Bombay dyeing Century textile Welspun Ltd Etc
Strengths
Huge textile production capacity Efficient multi fiber raw material manufacturing capacity Large pool of skilled and cheaper work force Entrepreneurial skill Huge export potential Large domestic market Very low import content Flexible textile manufacturing systems.
Weaknesses
Increased global competition in the post 2005 trade regime under WTO Imports of cheap textiles from other Asian neighbors Use of outdated manufacturing technology Poor supply chain management Huge unorganized and decentralized sector High production cost with respect to other countries.
Govt. Initiatives
100% FDI allowed through the automatic route. Technology mission on Cotton was launched in Feb 2000 to make quality raw material available at competitive prices. Technology Upgradation Fund Scheme ( TUFS) which was launched to facilitate the modernization and up gradation of the textile industry in 1999 has been given further extension till 2011-12. 40 textile parks are being set up under the Scheme for Integrated Textile Parks (SITP) which will attract an investment of US$ 4.38 billion.
Self study
Figure out which are the leading textile industries in India and write a short essay on each (covering product base, sources, buyers, share in market etc).