Textile Industry Profile

INTERNSHIP REPORT SUBMITTED BY: UNDER THE GUIDANCE OF Indian Textile Industry Introduction Indian textile industry contributes about 14% to industrial production, 4% to the countrys gross domestic product (GDP) and 16.63% to export earnings. about 40% of the textiles produced in the country is exported and the textiles sector is the biggest employment source after agriculture. The sector is expect to generate 12 one million million new jobs by 2010. The sector targets US$ 6 one thousand million foreign direct investment (FDI) by 2015 to be invested in green field units in textiles machinery, fabric and garment manufacturing, as tumesce as technical textiles. India has made inroads into the markets of its key competitors which imply Asian countries such as Sri Lanka, Bangladesh, Vietnam and Cambodia. The Indian textile and plume industry is taking a new course by entering the Chinese market. Most of the top global coiffe retailers, such as JC Penny, Nautica, Docker and Target, have their sourcing network in India. Indian textiles and apparel exports, which is worth US$ 22 billion, is expected to register a four-fold increase to touch US$ 90 to 100 billion in the next 25 years. organization Initiatives Government has taken the following initiatives to uplift the Textile subdivision: 1.

The Government has announced the release of a subsidy of US$ 533.87 million for the textile industry to a lower place the Technology Up-gradation strain scheme (TUFs). 2. The government extends 10% capital subsidy and 5% interest subsidy on installation of machineries and for processing machinery under the TUFS. 3. A 41-member Working Group has also been announced to be set up with a National Fiber Policy, to condition self-sufficiency in fiber consumption and export requirements in India. 4. The Textiles Committee has also been reconstituted in order to ensure pattern quality of textiles both for internal marketing as well as exports. The committee will also establish laboratories and... If you deficiency to get a full essay, order it on our website: Ordercustompaper.com

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