Old is gold, they say. This saying perfectly suits our Native indian fabric and outfits industry. One of the earliest yet mentioned among the top most areas of the country; the industry has progressed into being one of the biggest forex trading earning areas of the nation.
Today, the Native indian fabric and outfits industry accounts for around 4 % of the gdp (GDP), 14 % of commercial development and more than 13% of the nation's complete trade income. Actually, the industry is seeing unmatched development, providing job opportunities to more than 35 million people.
The Native indian fabric industry is approximated to be about US$ 52 billion dollars and probably may reach US$ 115 billion dollars by 2012. The regional industry may too receive a boost; from US$ 34.6 billion dollars it may probably sign-up US$ 60 billion dollars by 2012. Actually, India's exports probably will improve from 4% to 7 % in the future years.
India's fabric exports have risen up from US$ 19.14 billion dollars in 2006-07 to US$ 22.13 billion dollars in 2007-08, clocking a amount of development of over 15 %.
Textiles and Clothing, Made-in-India Export Figures
As per the data released by Secretary of state for Fabrics, textiles value US$ 15.27 billion dollars were released by Native indian during April-December 2008.
Textiles, hand looms and handcraft made-in-India are released to over 100 countries. Actually, US have become the biggest customer of Native indian Ministry of Textiles and apparels. Ready created apparel (RMG) made-in-India form almost 41% of complete Native indian fabric exports. RMG exports were value US$ 9.06 billion dollars in 2007-08. During Apr 2008-February 2009, RMG exports achieved a figure of US$ 8.59 billion dollars, an improve of 4.86 % over the corresponding period of 2007-08.
Also, outfits has grown into the second biggest retail classification in the nation. Remarkably, the regional outfits marketing industry is allegedly around US$ 2.7 billion dollars and despite economic downturn it is likely to develop at 5-7% in 2009-10.
Textile and Apparel Sourcing
India is fast growing as the global fabric and apparel-sourcing hub with its massive multi-fiber raw content platform, well set development platform, design proficiency and expert employees.
According to the Confederation of Native indian Industry-Ernst & Young Fabrics and Apparel Report 2007, the Native indian seeking industry is approximated to develop at an yearly average amount of 12 % from an approximated industry size of US$ 22 billion-US$ 25 billion dollars in 2008 to US$ 35 billion-US$ 37 billion dollars by 2011.
Also, globe's well known fashion manufacturers such as Hugo Manager, Diesel fuel and Liz Claiborne are increasing their seeking from Native indian.
Government techniques to increase the fabric exports
In an attempt to improve India's share in the world fabric industry, the govt of Native indian has released a number of crucial techniques like:
o 100% FDI flow via the automatic route.
o De-reservation of readymade apparel from the small-scale sectors industry in 2000.
o In Feb 2000, Technological innovation Objective on Cotton was presented to ensure that quality raw content available at huge discounts.
o In 1999, Technological innovation Upgradation Finance Plan (TUFS) was published to assist upgradation of the textiles industry. Now seeing its popularity it has been given further expansion until 2011-12. A complete of 18773 programs at a project cost of US$ 24.91 billion dollars have been approved under TUFS up to April 31, 2008.
o 40 fabric recreational areas are being established under the Plan for Incorporated Textile Parks (SITP) which will bring in investment value US$ 4.38 billion dollars.
Tuesday, March 19, 2013
Clothing and Fabrics Made-In-India, Released to 100 Countries
Old is gold, they say. This saying perfectly suits our Native indian fabric and outfits industry. One of the earliest yet mentioned among the top most areas of the country; the industry has progressed into being one of the biggest forex trading earning areas of the nation.
Today, the Native indian fabric and outfits industry accounts for around 4 % of the gdp (GDP), 14 % of commercial development and more than 13% of the nation's complete trade income. Actually, the industry is seeing unmatched development, providing job opportunities to more than 35 million people.
The Native indian fabric industry is approximated to be about US$ 52 billion dollars and probably may reach US$ 115 billion dollars by 2012. The regional industry may too receive a boost; from US$ 34.6 billion dollars it may probably sign-up US$ 60 billion dollars by 2012. Actually, India's exports probably will improve from 4% to 7 % in the future years.
India's fabric exports have risen up from US$ 19.14 billion dollars in 2006-07 to US$ 22.13 billion dollars in 2007-08, clocking a amount of development of over 15 %.
Textiles and Clothing, Made-in-India Export Figures
As per the data released by Secretary of state for Fabrics, textiles value US$ 15.27 billion dollars were released by Native indian during April-December 2008.
Textiles, hand looms and handcraft made-in-India are released to over 100 countries. Actually, US have become the biggest customer of Native indian Ministry of Textiles and apparels. Ready created apparel (RMG) made-in-India form almost 41% of complete Native indian fabric exports. RMG exports were value US$ 9.06 billion dollars in 2007-08. During Apr 2008-February 2009, RMG exports achieved a figure of US$ 8.59 billion dollars, an improve of 4.86 % over the corresponding period of 2007-08.
Also, outfits has grown into the second biggest retail classification in the nation. Remarkably, the regional outfits marketing industry is allegedly around US$ 2.7 billion dollars and despite economic downturn it is likely to develop at 5-7% in 2009-10.
Textile and Apparel Sourcing
India is fast growing as the global fabric and apparel-sourcing hub with its massive multi-fiber raw content platform, well set development platform, design proficiency and expert employees.
According to the Confederation of Native indian Industry-Ernst & Young Fabrics and Apparel Report 2007, the Native indian seeking industry is approximated to develop at an yearly average amount of 12 % from an approximated industry size of US$ 22 billion-US$ 25 billion dollars in 2008 to US$ 35 billion-US$ 37 billion dollars by 2011.
Also, globe's well known fashion manufacturers such as Hugo Manager, Diesel fuel and Liz Claiborne are increasing their seeking from Native indian.
Government techniques to increase the fabric exports
In an attempt to improve India's share in the world fabric industry, the govt of Native indian has released a number of crucial techniques like:
o 100% FDI flow via the automatic route.
o De-reservation of readymade apparel from the small-scale sectors industry in 2000.
o In Feb 2000, Technological innovation Objective on Cotton was presented to ensure that quality raw content available at huge discounts.
o In 1999, Technological innovation Upgradation Finance Plan (TUFS) was published to assist upgradation of the textiles industry. Now seeing its popularity it has been given further expansion until 2011-12. A complete of 18773 programs at a project cost of US$ 24.91 billion dollars have been approved under TUFS up to April 31, 2008.
o 40 fabric recreational areas are being established under the Plan for Incorporated Textile Parks (SITP) which will bring in investment value US$ 4.38 billion dollars.
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