Textile industry in India is considered as a pioneer industry, as India’s industrialization in other fields has succeeded through the resources generated by textile industry. World over Indian textile industry is considered to be as the second largest industry. Exporters from India are manifesting increase demand of their fabrics in western and developed nations. Stats and figures show that textile manufacturers and exporters from India relish a large contribution to world’s textile market.
The textile industry in India occupies a unique position in our economy contributing to nearly a third of the country's export earnings. This industry includes manufacturers, suppliers, wholesalers and exporters of Cotton Textiles, Handloom, and Woolen Textiles etc. From the production of textile machinery and equipment, dyes and raw materials to the delivery of finished textiles, fabrics and garments, the textile industry in India has the vast potential for creation of employment opportunities. The number of textiles manufacturers, suppliers, wholesalers and textiles exporters in India has increased rapidly after independence.
The reasons for India’s success are not hard to find. Apart from China, no other country can match the size, depth, spread and competitiveness of the Indian textile and apparel industry. India has a complete supply chain – from a vast raw material supply to high quality finished products. Labour costs are among the lowest in the world. Indian firms offer experience, entrepreneurship and design skills which Chinese firms find hard to match. The industry is also highly versatile: smaller firms offer the flexibility needed for smaller orders while giant firms have the capacity to service the world’s biggest buyers. Government policies have changed too. As the Indian economy opens up to the outside world, foreign investment opportunities are being transformed.
With supportive government policies, and use of latest technology, new age creative and risk taking entrepreneurs are spreading their wings by venturing in the export market and cashing the opportunity. There are few things to take care of. While entering the international market, textile manufacturers should be updated all time with the recent trends going on in the international trade community as well as market. India's apparel exporters, though, have been employing various strategies to make sure that they remain competitive in the liberalized trading environment of 2005 and beyond, they have to be alert by the competitors so that they can retain their position in the global market and see that they further increase their profits. Various methods should be applied to attain it.
Indian textile exporters cannot afford complacency and need to be on their toes for any changes within the international trade community. The development and growth of the industrial sector depends on several factors which include the availability of skilled manpower, supply of good quality raw materials and proper infrastructural facilities Textile Machinery Manufacturers India are eyeing 15 percent growth by the end of 2014 due to the rise in demand for textile machineries in domestic as well as in international markets. But a complete self analysis Is required by the industry. A complete survey of Strength, weaknesses, Opportunities’ and threats is required; and a complete work on raw edges is required then only we can attain and retain our position in global market.
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