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Indian Textile Manufacturers Export Competition to the World by Dharmender Kumar





Article Author Biography
Indian Textile Manufacturers Export Competition to the World by
Article Posted: 12/11/2012
Article Views: 348
Articles Written: 227
Word Count: 517
Article Votes: 0
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Indian Textile Manufacturers Export Competition to the World


 
Business
Indian textile industry is growing by leaps and bounds, and the source of that growth has got registered for high quality fabric production and hard work of the manufacturers.

Indian textile manufacturers enjoy their contribution to the world economy by placing India's textile industry as the second largest garment industry in the world, preceded by China. The quality of garments, Indian textile manufacturers produce is recognized around the globe; they export competency to the world in terms of superior quality fabric woven clothes. The textile ministry of India alleges that the sector boosts Indian economy by 4% of its GDP share and 7% market share in the world economy. Manufactures and exporters relish 17% of country's total export earnings.

Garment production in India is one of the oldest industries along with the agriculture sector. In its initial days the sector was unorganized; however, after industrial revolution textile manufacturers have taken this opportunity to collaborate it with skilled manpower and machines. The evidence of garment manufacturing is first traced on the pages of ancient history. During the time of Indus Valley civilization, people used home spun cotton to weave their clothes. The expertise has been inherited to India from the ancient ruins to modern high tech world.

Manufacturing Units: The geographical belt of textile industry in India is scattered from north to south and east to west. In its east-north belt- Punjab and in western coasts- Gujarat and Maharashtra are the hubs of Indian garment industry. Tamil Nadu, Karnataka and Andhra Pradesh cover the southern part of the country.

Major Production: India is the world's second largest producer of fibers and cotton is the majorly produced fiber of the nation. Other popular fibers are: silk, jute, wool and synthetic fabrics such as polyester.Manufacturers and exporters employ the perfect blend of these fabrics to meet the requirements of the world garment markets effectively.

Scope of the Industry: Due to the world class fabrics and designs, Indian textile manufactures view a persistent growth opportunity in the world market. According to the Ministry of Textiles, the sector will increase its apparel share in world to 8% from 4.5% by 2020, which will account to US$ 80 billion revenue! There are two major factors that are accountable for the steep rise in demand for apparel manufactured in India and they are as follows:

»   Affordability: India economy is known for efficient and cheap manpower, which is advantageous for any industry because efficient manpower curb expenses and bring down the production cost.

»   Quality Fabric: Indian manufacturers and exporters produce superior quality fabrics along with their variants. In addition to the quality and variety, producers also skillfully blend various fabrics to manufacture the most suitable and comfortable clothes for their customers.

Author is a professional content writer employed with shahlon Industries– India's Second largest Fabric Manufacturers company. He has sound knowledge about textile industry. He has written and published many articles on Manufacturers Exporters. In this article he has explained the Indian Textile Manufacturers Export Competition to the World.

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