India'S Textile And Garment Industry Has An Edge In The World Market.

India is now competing with the world's textile and garment giants in all directions. They are building new economic zones and industrial parks, and are committed to restructuring the industry.

India is a big producer of traditional textile and clothing products.

At the same time, it has to face competition from China.

In 2004, Reliance, based in Mumbai, India, acquired the TREVIRA, a German fiber producer. The textile software and sewing automation manufacturer, Gerber technology, currently has 16 sales agents in India.

The product of Meyers, a circular machine manufacturer (Mayer&Cie), has been sold by Batiboi agent of India textile machinery company for decades. A few years ago, Meyers also established a knitting machinery sales organization in India, with 22 technicians and consultants providing sales consultation and post sale services to India customers.

Hongkong Li&Fung, the world's largest textile buyer, is a big buyer of India textiles.

VictoriasSecret, the famous American underwear brand, has set up an annual production base of 6 million 500 thousand bra in India TamilNadu state.

Textile and clothing is one of the most important economic pillars in India. According to the data released by India textile department in 2006, textiles accounted for 14% of the total industrial output value, 4% of GDP and 16% of exports (about 13 billion US dollars).

The whole industry employs 35 million people, the second largest industry after the agricultural population.

The Ministry of textiles predicts that India's textile and apparel market will consume 25 billion US dollars, of which 5% will be imported.

According to the 2006 annual economic report issued by the German Embassy in India, since the economic reform in 1991, India has formed many mixed economic systems, but the state economy still occupies the leading role, occupying 70% of the total national economy.

In 2004, the new government insisted on the policy of "humanization" reform. It stressed the importance of strengthening infrastructure construction, especially in rural areas, and strengthening investment in health education.

Manmohan Singer (Prime Minister of India) government proposed a "public private partnership" plan, which aims to expand investment in infrastructure construction. This investment needs us $150 billion. Government investment alone is not enough.

However, the privatization process is always off and on, and nothing new has been made.

According to a May 2005 report by DeutscheBank, India is likely to overtake China as an economic power by 2020.

According to purchasing power, India now ranks fourth in the world.

India's economic growth is mainly dependent on population growth, investment in education and infrastructure construction, and increasingly integration into the world economic system.

Among them, the information and communication industry, textile industry, auto parts and pharmaceutical industry have made great contributions to economic growth.

In addition, India's financial industry is developed and the bad debt rate is only 2.5 to 3%.

In the process of internationalization, India also benefited very much. Exports accounted for 1/3 of GDP and increased by 26% annually.

Foreign investment is viewed as a growth potential country in India, but bureaucratic system, corruption, lack of infrastructure, unemployment and newly adopted free elections have also hindered foreign investment.

IFC, which belongs to the World Bank Group, ranked India in 116 place (155 countries) in 2006 in the ranking of the most suitable countries to do business.

In January 1, 2005, India's accession to WTO played an important role in India's integration into the world economy.

Among them, the most important move is that India recently promulgated the Patent Bill.

There are three channels for clothing export in India: small company, which can supply to small shops and small chain stores; medium-sized enterprises are supplied to wholesalers, and are in trouble because of international competition.

Among them, large manufacturers account for 70% of their export share, and they continue to increase R & D investment.

With a start-up capital of $230 thousand, we can invest in the purchase of equipment and construction of garment factories, so that a large number of small and medium-sized enterprises will emerge.

A large number of looms mainly woven by hand are pferred to the rural areas, and 40% of the yarn produced by the spinning mill is supplied to the rural areas.

From spinning to ready-made garments, the one-stop enterprises are decreasing, and more are scattered around the country to make specialized production.

In the new economic region, the government of India has planned many new economic regions, similar to China's industrial clusters.

So far, there are 71 regions at different stages of development.

The vast majority of the companies are India, and foreign investment has shown great interest.

The economic areas specializing in the textile industry include Moradabad (mainly in handicrafts), Bornado, Noida, Surat, Hassan and Ahmedabad.

By March 2008, there will be 26 industrial parks, including Gujarat6, AndhraPradesh4, Maharashtra6, TamilNadu5, Rajasthan2, Karnataka, UttarPradesh and WestBengal each 1.

The main difference between the new economic zone and the industrial park is that the policy support is different, and the new economic zone has more policy support.

In the eyes of industry experts, the biggest problem of India's textile and garment industry is the lack of talents, weak infrastructure, and unreasonable taxation and tariffs.

Although there are many textile and garment institutions, such as the India Fashion Technology Institute (NIFT), the India Fashion Design Institute (NIFD), and so on, designers and management personnel colleges are being trained, but there is a lack of corresponding technical training materials and facilities.

Most of the technicians are trained in enterprises, and they are badly in need of technical personnel with foreign trade knowledge.

Like the India Garment Export Promotion Council and other relevant institutions, there is a general shortage of talent.

The lack of infrastructure affects one of the obstacles to international cooperation, because the construction cycle is long.

This has also exacerbated mistrust between producers and buyers.

This is also the biggest headache for India manufacturers, making them disadvantaged in the competition with Bangladesh and Pakistan.

The two countries have complete customs regulations to enable them to provide cheaper products.

The prospect of India textile and garment industry is not only to maintain its dominant position, but also to improve it.

The advantage of India lies in its low local currency value, which makes India products attractive.

The India clothing export trade promotion committee said that by 2010, India's textile trade will reach US $85 billion, providing 12 million new jobs and occupying 6% of the world market share.

To achieve this goal, exports will reach US $40 billion.

At the same time, it is necessary to increase investment in equipment and talents, as well as merger and reorganization of enterprises.