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Indian Home Textile

Textile Industry in India is the second largest employment generator after agriculture. It holds significant status in India as it provides one of the most fundamental necessities of the people. Home is the place where you spend the most of your time. So a lot of care and effort is needed while decorating or furnishing your home. Home furnishings don’t have to be an expensive endeavor as there are various inexpensive and attractive items are available that can make your home very beautiful and attractive. Couches, chairs, roll top desks, lamps, etc.and many more items are here for your home furnishing. There are various different materials used to give the desired effect and look to your home. Home textiles are available in various colors, materials and textures. There are hand printed and special creations made from chiffon, embroidered fabrics with lace. Synthetic material is appropriate for kitchen as it is easier to clean. The utility room can be enhanced by using durable textile. The living room can be look good with a little heavier home textile. Besides these items there are several other home décor accessories that you can find over the internet.

Home Textile Exporter History

Textile exports are targeted to reach $50 billion by 2010, $25 billion of which will go to the US. Other markets include UAE, UK, Germany, France, Italy, Russia, Canada, Bangladesh and Japan. The name of these countries with their background can give thousands of insights to a thinking mind. The slant cut that will be producing a readymade garment will sell at a price of 600 Indian rupees, making the value addition to be profitable by 300 %. Currently, because of the lifting up of the import restrictions of the multi-fibre arrangement (MFA) since 1st January, 2005 under the World Trade Organization (WTO) Agreement on Textiles and Clothing, the market has become competitive; on closer look however, it sounds an opportunity because better material will be possible with the traditional inputs so far available with the Indian market.

Strengths of Indian Textile Industry are as follows -

Huge textile production capacity
Efficient multi-fiber raw material manufacturing capacity
Large pool of skilled and cheap work force
Entrepreneurial skills
Huge export potential
Large domestic market
Very low import content
Flexible textile manufacturing systems

Strengths of Indian textile Industry

India has rich resources of raw materials of textile industry. It is one of the largest producers of cotton in the world and is also rich in resources of fibres like polyester, silk, viscose etc.
India is rich in highly trained manpower. The country has a huge advantage due to lower wage rates. Because of low labor rates the manufacturing cost in textile automatically comes down to very reasonable rates
India is highly competitive in spinning sector and has presence in almost all processes of the value chain.
Indian garment industry is very diverse in size, manufacturing facility, type of apparel produced, quantity and quality of output, cost, requirement for fabric etc. It comprises suppliers of ready-made garments for both, domestic or export markets.

Weaknesses of Indian textile Industry

Indian textile industry is highly fragmented in industry structure, and is led by small scale companies. The reservation of production for very small companies that was imposed with the intention to help out small scale companies across the country, led substantial fragmentation that distorted the competitiveness of industry. Smaller companies do not have the fiscal resources to enhance technology or invest in the high-end engineering of processes. Hence they lose in productivity.
Indian labour laws are relatively unfavorable to the trades and there is an urgent need for labour reforms in India.
India seriously lacks in trade pact memberships, which leads to restricted access to the other major markets.

Outlook for Indian textile Industry
The outlook for textile industry in India is very optimistic. It is expected that Indian textile industry would continue to grow at an impressive rate. Textile industry is being modernized by an exclusive scheme, which has set aside $5bn for investment in improvisation of machinery. India can also grab opportunities in the export market. The textile industry is anticipated to generate 12mn new jobs in various sectors.

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