Ready garment export after the multi fiber agreement with a reference to India

Type :

Research papers

Pages :

31 pages

Format :

.doc

Published date :

03/26/2009

Category :

Economics & finance

Sub category :

Economics

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Summary :

Introduction
Industry profile
Research methodology
The structure of the textile and clothing sector
Globalization and garment industry in India
The cost structure of the clothing industries, selected countries
The cost structure of the textile industries, selected countries
Global trade: India's competitive performance
India's competitive performance in the US market
India's competitiveness in EU market
Multi fibre agreement
1. Outcomes under the MFA and ATC
Decline in competitiveness
1. Lack of marketing links
Future scenario of the clothing industry
1. Targets aimed at the National Textiles Policy (2000)
2. Steps taken by the Indian government to enhance competitiveness
Conclusions and implications
Questionnaire analysis
Bibliography

Abstract

The foundations of the Indian textile trade with other countries began as early as the second century BC. The silk fabric was a popular item of Indian exports to Indonesia around the 13th century, where these were used as barter for spices. Towards the end of the 17th century, the British East india Company had begun exports of Indian silks and various other cotton fabrics to other countries. These included the famous fine Muslin cloth of Bengal, Bihar and Orissa. The trade in painted and printed cottons or chintz, a favorite in the European market at that time, was extensively practiced between india, China, Java and the Philippines, long before the arrival of the Europeans. The textile industry's predominant presence in the Indian economy is manifest in its significant contribution to the industrial production, employment generation and foreign exchange earnings. Currently, it adds about 14 percent to the industrial production and about 2.4 percent to the Gross Domestic Product (GDP). It provides employment to about 35 million work force. Together with allied agricultural sector, it provides employment to over 82 million people by the end of the tenth plan period. The contribution of this industry to the gross export earnings is over 23 percent while it adds only three percent to the gross import bill of the country. It has been estimated that india has approximately 30,000 ready made garment manufacturing units in the country. It is the only industry which is self-reliant, from raw material to the highest value added products viz. garments/ made-ups.