AN OVERVIEW OF GLOBAL TEXTILE INDUSTRY
BBA(G) , SEM-3
Mrs. Nidhi Gupta
After the prohibition of global quota scheme , the global textile industry is prospering day by day . Textile industry is an important part of an economy. Textile industry includes many products like sofa covers, curtains, mats, bags etc.The structure of the industry is completely integrated vertically throughout the entire value chain that extends from fabric to fabric and products. The main goal of this study is to discover key factors that lead to increased commercialisation of textile products around the world.
This report looks at the subject of the Global Textile Industry. The textile sector has changed tremendously in recent years. The textile processing industry and textile companies in developed countries are now always on the lookout for cheap textile production sources
Global Textile Trade – The value of global textile exports reached $ 314 billion in 2016, up 2.7% from 2015. However, this growth rate is not only one of the lowest since recovering from the 2008 financial crisis but also much . Pre-crisis levels, 8.4% on textile medium in the period 2002-2007.
Imports and imports of global textile products – In 2016, approximately 60% of global textile exports came from Asia. At the same time, Asian countries accounted for 32% of the value of imported textile imports worldwide. With the continued growth in the income of local consumers, it is expected that Asia will make a larger bill from the market around the world.
The textile industry is developing at a very high speed. The global textile industry has entered a phase of drastic changes since the abolition of quotas in 2005. The consumption of textiles is greater in India than in Pakistan and China. But the most important textile-producing countries are China, India and Germany, etc. The textile industry is extremely fragmented. According to statistics, there are 5 important important models that appeared in the global textile trade 2015-2016, which was released in September 2015.
According to the World Trade Organization’s latest release, World Trade Statistical Review 2016, the current dollar value of global textile exports in the year 2015 was $ 291 billion and $ 445 billion respectively, but dropped by 7%. The international market for textile exports in 2015 according to the United Nations Commodity Trade Statistics database was $ 772 billion.
;. The report is still supported by most of the online data on the textile industry scattered around the world and the analysis of the industry and its products.
;. Data and information used in the report are secondary data and information.
;. Different centres produce different products, different qualities, in different amounts, for different people. Therefore, it is able to study and analyze textile trade on the global market through research and surveys.
After the global quota system, the textile industry is developing at a very high speed. The world is at a new level in the industrial revolution. Expect further expansion with the latest and improved technologies in textile machinery. Countries producing textile machines, such as India, China, Switzerland, Germany and Italy, have already jumped into the great competition for craftsmanship and the best technologies in textile machinery. GIC (Global Industry Analysts) said the global base estimates that by 2017, it will reach $ 22.9 billion in the textile industry. The demand for textile products produced by machines is increasing.
Regardless of the technology, the purchase decision will largely depend on machine prices, versatility and flexibility. The main factors behind the dynamic growth of the textile market, which includes the economic recovery after the recession and the growing demand for disposable non-woven textile products, increase the demand for promising geographic areas, especially for the Asia-Pacific region, and demand for environmentally-friendly fibers.
The global textile industry, especially the textile sector, has made remarkable changes for several years. Textile and textile companies in developed countries now have a source of cheap textile production. These times have passed when the textile apparel industry has been intense in the consumer countries of the European Union, the United States and other improved countries around the world. The supply of wholesale fabrics is increasing worldwide in all sectors of the industry, be it clothing or fabrics, manual trades are coming back.
Sources of Animal Fibers:-WOLL
The main source of wool in military textile products. Mostly, wool consists of proteins called keratin. This is made of amino acids. LT contains 3 squares. 4% sulfur, which is an attraction for insects. Wool fiber absorbs more moisture and accepts better dyes than vegetable fibers. Wool weakens significantly when it is wet and is also not a strong fiber.
The silk is an insect fiber that comes from the filament of the silkworm cocoon, which is Bombay mori because it is basically the protein, the silk can easily be affected by alkalis and different types of inorganic acids. As wool, it can easily absorb moisture and can immediately absorb dyes. These dyes are not as easy as they are on wool. The silk is as strong as a steel wire, the same diameter but is very sensitive. That’s why it breaks faster than wool if exposed to ultraviolet rays. The most commonly used military artifacts of silk are scarp cards, medal bands and scarves.
Source of Vegetable Fibers:-COTTON
Cotton is a vegetable fiber derived from the ribbon on cotton seed. It can survive in moderate alkaline states, but it is negatively affected by acids. Cotton does not transmit any moisture like linen and is able to absorb the liquid easily in its processed state. The function of wisdom is the reason; In general, it is rotated on a Z turn.
Linen is a fiber made from weaving vegetables and spun yarn and linen sticks. Fiber is very close and is more durable. They remain intact or not affected by alkaline moderate conditions due to their cellulose content, but are affected by acids. Moisture can easily pass through the clothes fiber and cause universal power. Linen does not take dye and is usually left unfastened or bleached in white.
Agents of Deterioration.
All textiles are drawn in using microorganisms, insects, air pollution and light, which together or alone results in significant loss of elasticity and strength. Oxygen in the atmosphere affects all organic substances to varying degrees. Prolonged exposure to the normal atmospheric state causes substances to be lowered and weakened. The critical factors that promote the degradation of textiles can be divided into 3 groups:
All organic textile sources are exposed to fungi, bacteria and fungi. The environments that promote the growth of this organism are dirty deposits, humid heat and still air. Animal source The fabric is particularly susceptible to rodents and insects.
Excessive fever causes breastfeeding and dehydration exposure to ultraviolet light causes a decrease called a recession, as well as photochemical degradation of certain dyes. To dry or to damp environments can lead to drying out or shaping growth. Improper storage or handling may cause loads on the material leading to separation or degradation
Exposure to paint or glue can cause damage. In some cases, these gases turn into acids, one of the major causes of tissue loss. In large cities, air pollution can pose a serious threat to human health and the textile industry. Natural impurities made from fibers treated with a chemical are the two main sources of contamination. Some of the chemicals are toxic. Other conditions are now considered equally relevant and critical for the textile industry, which includes VOC (volatile organic compounds)
History of Textile Industry
Material affairs, with their rich and long history, largely beat the world economy and the newest society. Weaving was accepted as one of the mature surviving works of art in the current situation, the real beginning of thinking, to return to the Neolithic age of 12,000 years. before. Further improvement of the historical basis of the materials industry.
India was excellent because of its tangible products, because the conditions are extremely outdated. Matured or before or for India’s material industry was in all respects and ends up disintegrating against a background of borderline time. In any case, the industry of advanced materials began to be born in India in the mid-nineteenth century, when the first material factory in the country was founded in Calcutta in 1818.
World War II and Swedish growth have brought huge comfort to India’s industrialized world. Anyhow, during the 1922 to 1937, the cotton industry was in a hurry, and some of the bamboo factories were now in operation. During World War II, Japan halted the physical resources and showed the equality of this industry. The factories were replaced by 1918 and 405 chapters during the 1901 and 249 plants between 13 and 35 and 1911, from 19 liters to 396 plants in 1941.
The cotton processing industry is the EU’s best ship in the state capital and an indigenous community in the Windows industry list. During the pre-liberty period, the development of Sweden returned to the objects of India.
Independent seasons also affect important business segments. The Indian federation holds 409 seats in 423 manufacturing plants in India, 14 in developing countries, and 22% in Pakistan. Some plants have been closed for a long time. For many years after independence, factories in India had to import cotton from Pakistan and other countries.
After autonomy, material companies increased rapidly during planning. In mid 1951 and 1982, the total number of axles increased from 1.1 centers to 2.2 centers. It expanded to more than 2.6 centers in 1989-90.The chaotic materials industry is an unparalleled part of the materials industry. It is mainly using mature tests before or before dough for manufacturing and labor is met in nature.This industry is included in the production of clothing. Decentralized nature is considered to be another basic pattern of the Indian industry of messy materials.
The Present Global Textile Scenario
As can be seen from these 2016 measurements, the global hardware market is over $ 400 billion in appearance status. In an altered sector, industry faces adversity and market failures. It is estimated that the global material situation will rise to as much as 25% by 2017 and half in 2018. The global material enterprise has entered a period of sealed changes since the sale of the money in 2005. Many new buyers as well as opponents have entered global market with the desire for growth and enormous capacity:
; It is expected that China will be around 45% of world trade by 2020. Despite its significant growth trend, China is increasing its costs and also perceived that the risks are creating more opportunities for the other countries of low cost
; Indeed, India is expected to represent about 20% of global trade by 2020. India is rapidly expanding its role with creating new capabilities in controlling the management of textile trades through vertical integration.
; Bangladesh, Cambodia, Pakistan and Vietnam rely on low production costs for cheap and local work there. They increase their capacity.
; Turkey, closely associated with Italy, was quickly evoked as critic of critical geographical areas. This creates a number of piayers of new geographical brands by providing accreditation of ‘TurquaIity’
; Egypt is working with a new emphasis in the textile sector.
; Eastern European Unionropeans concentrated rapidly and repositioned on higher market segments.
; Latin America has a new focus on textiles.
; Italy is a luxury item.
; In Western countries, imports amount to 85 to 90% of total consumption.
Trends and lnnovations in Fabric Manufacturing
The fabrication of fabrics is the most important part of the textile industry. The manufacture of textile can be divided into three segments: clothing, home textiles and industrial / technical textiles. The proportion of textile production Globe has been shown in the following graph:
In the afternoon there was an extremely innovative work in the textures of the break and the technical material. The technical material is better than materials that depend on an unusual utility. The market is being expanded and used as part of different types of companies, such as clothing, horticulture, human services, development, grouping, defensive wear, transport, natural insurance, sports and more.
A form of matter to develop an estimate of the global market will continue into the year 2010. While the US $ 127 Europe and the United States biIIion Unionsropean Unions of Major Superiors manufacturers buyers main function of the material, unspeakable monsters Sinis has developed into a large company. Maker of the same one. The technical error is a pleasure classification in the following materials:
Ø Agrotechnics: Agro Textile is used as part of agriculture, organization, service of park ranger, breeding, breeding of animals and others.
Ø Buildtech: Building materials used as part of the development of playgrounds, corridors and facilities.
Ø Clothtech: functional material used as part of shoes and clothing.
Ø Geotech: Geo Textile used by structural construction companies such as extensions, streets, dams and passages to provide hardness and support below ground level.
Ø Indutech: industrial textile used for purposes such as cleaning, sound insulation, mechanical design, filtering, fastening, etc.
Ø Medtech: medical materials that are used as part of the purity and welfare applications for recovery markets.
Ø Mobiltech: Transport Textiles are used as part of equipment, decoration and development of passengers and transport of military and general products.
Ø Hometech: Home TextiIe is used as part of brand covers, blankets, furniture, upholstery and blankets.
Ø Oekotech: Eco Textile used in the transfer, recycling and insurance of natural waste.
Ø Packtech: Packaging textiles used for capacity, transportation and agriculture, safety of modern and different products.
Ø Protech: Protective material used as part of personal and property insurance.
Ø Sporttech: Sports equipment for relaxation and play.
Future Textile Industry- A Perspective
The fate of the global materials market is based on fundamental growth. The explanation for this expansion included the evolution of the current retail global expansion, new usage markets, materials development, the explosion of air and sea events and related generations in Eastern Europe, Turkey, India, Russia, East Asia, South-Central, South America and China .It will be a difficult global market, full of risks in the future, but also full of incredibly favorable times. A strategic partnership between different interests becomes more critical through relationships with the seller than the old or previous transactions.
The two factors that must be kept in mind are competition, skills and key trends.
Competition and skills: it will be a talent-intensive market where the undeniable skills will disable the market:
; Capacity for supply chains through insights, intelligence, technology and best management practices.
; The ability to act by seizing all the opportunities of the different and vast ranges of fabrics produced all over the world.
; The ability to improve retail brands that stand out from one product to another and to win consumer loyalty.
; The B2B brand is made because major brands and retailers depend on the B2B brand.
; Invention of new product, new system, new application: invention is key word.
; Value added to products “customized” according to the “rapid” change of fashion and the needs of the textile industry.
The Key Trends: There are no unique fabrics and clothing for the season, scenarios change quickly due to external factors, personalization and the web become more important.
; Fibers are produced in consideration of factors such as global warming and other types of environmental pollution. The previous world imposes strict rules and regulations.
; External factors such as the exchange rate of the EU, the former, the dollar, the Indian rupee and so on are also declining, and the rise in gasoline prices, air transportation, deterioration of world political situation will increase or slow down.
; Internet sales are growing sharply and will grow even further.
; The Indian textile industry is voluntary and autonomous.
; You can easily get low-cost, qualified personnel who contribute significantly to the growth of the industry.
; Raw materials are easily accessible. This is an important factor in cost management and minimizes operational effort.
; The economy is growing rapidly and you can observe potential international and national markets.
; When we talk about the biggest yarn exporters, India is known as one of the largest exporters in the international market. India accounts for about 25% of the world trade share of cotton yarn.
; Because the large varieties of cotton fibers are readily available, the textile industry is growing rapidly.
; The industry has the further advantage of having multiple segments that serve to provide a wide variety of products.
; The Indian textile industry is one of the highly decomposed industries.
; Productivity in this sector is not very high.
; There is a great dependence on the cotton industry.
; The mill segment is gradually decreasing.
; Labor law is not convenient.
; Power and interest rates, indirect taxes are high.
; Insufficient technical development that affects productivity.
; The act of creating economies of scale is lacking.
; The textile industry shows an annual growth rate of 6 – 8%.
; More FDI and investment opportunities are being supplied.
; Abolition of the quota restriction greatly contributes to the development of the market.
; Global needs are supported by product development.
; The proliferation of purchasing power and disposable income in Indian customers opened up space for new market development.
; Compete with other developing countries like China
; Balance the quality and price of the product.
; We will meet the demands of people all over the world and we will constantly improve the quality of the products at the same time.
; Balance the supply and demand.
; Environment and international labor law.
; The abolition of the quota system will fluctuate the demand for exports.
Chapter 1. AGREEMENT ON TEXTILE INDUSTRY
The protest from this statement is to ensure the combination of material parts – in which many exchanges are subject to mutual quotas consulted under the MFA (Multi-Fiber Arrangement) – at GATT on the basis of trains and GATT guidelines.
Merging the distribution of material into GATT will present itself as a companion:
To begin with, January 1, 1995; each meeting will coordinate with the GATT results from a particular roadmap, in the sense of representing at least 16% of the total volume of imports in 1990. The reconciliation procedure implies that the exchange of these items will be managed in accordance with GATT general standards.
This support includes the offer to adapt to the conceivable deception of the responsibilities through the shipment of the goods, the reorientation of the false announcement regarding the place or the nation from the beginning and the interruption of the authorization reports.
The concept also requires that, as a characteristic of the surrender procedure, all individuals should perform the activities related to the materials, which could be important to comply with the principles and controls of GATT, to create publicity, the use of regulations and Directives are identified with fair and reasonable trading conditions and, furthermore, maintain a strategic distance from the victim of importation when they adopt measures for the strategy and general principles of exchange.
With regard to the important assessment of the duty of approval to be supervised by the Council for the replacement of goods before the end of each level of the supply process, the Exchange Products Board shall understand, make decisions that seem appropriate to ensure that the adjustment of commitments and rights in this statement is not disrupted. The Dispute Resolution Body (DSB) can make some osmosis for the annual development of the parts for the prevailing phase of the survey, as for individuals, has not been found to do with their commitment in this statement.
A TMB (Textile Monitoring Body) abroad uses devotion and to get ready reports for the survey specified in the above speech. This arrangement also has agreements for a unique treatment for different classifications of nations – such as those that have not been MAE people since 1986, small suppliers, new entrants and refined minimal countries.
Chapter 2. THE STRUCTURE OF TEXTILE SECTOR
The textile industry is a highly fragmented sector. The industry is completely integrated into the entire value chain and interconnected with different types of operations and activities. The textile industry and the whole industry consists of large-scale enterprises and small-scale businesses, media, weaving, finishing, spinning and garment production. This is primarily an unorganized and abandoned sector for power looms, hand looms, Khadi, knitwear, carpets, ready-made clothing for the textile, socks and handicraft industries.
This sector consists of spinning and composite factories in which the weaving, processing and spinning activities are inserted into the work. Yarns and fibers The sectors of the textile industry include fibers, natural fibers such as jute, cotton, wool and silk; Chemical, synthetic or artificial fibers such as Viscos, Polyster, Poly-propylene, Nylon and Acrylic. The artificial textile sector includes the production units of yarns and yarns from the production of non-cellulose and cellulose. Cellulose fibers / yarns are controlled by the Ministry of textiles and hand looms and the non-cellulose industry is controlled and regulated by the Ministry of Chemistry and Fertilizers.
Chapter 3 TRADE PATTERN IN TEXTILES
According to figures published by the World Trade Organization (WTO) in September 2016, there are five important models that emerged in international textile trade from 2015-2016. Assistant Dr. Sheng Lu, in the department of fashion science at Delaware University, makes an initial comment.
World textile and apparel trade is growing more slowly.
In particular, world textile exports in 2016 were $ 340 billion, up 2.7 percent from 2015. At the same time, household exports rose by 5.0% year-on-year to CHF 483 billion. However, the recovery is the lowest since the financial crisis in 2008, and is much lower than before the crisis. The average value of textiles was 8.4% and clothing was 10.2% from 2002 to 2007.
Asia continues to gain more momentum in world textile and apparel trade
In 2016, about 60% of world textile and clothing exports came from Asia. At the same time, Asian countries together accounted for 32% of world textile imports. As local consumer incomes continue to rise, the Asian market should continue to increase its global market share
China’s textile and apparel exports are NOT losing competitiveness.
Despite growing concerns about rising Chinese labor costs and worsening economy, data show that China’s share of world textile exports reached a new historical height of 35.6% in 2016, up 34.8% in 2015. China’s market share in exports world exports remained at 38.6% by 2017, the same as the previous year.
Textile and apparel trade remains largely geographical areasal-based.
Especially in Asia, Unionsrope Europe and America (including North, South and Central America). Three specific intra-geographical regional trade flows are worth seeing: firstly, Asian countries are increasingly dependent on textile products from no more than geographical areas, which have increased in 2016 from 90.7% to 90.2% in 2000 And the other is the trade pattern of the stable intra-geographical region of Unionsrope Europe for both textiles and clothing.By 2017, 58.8% of textile imports from the European Union (28 members); at the same time 68.8% of textile exports by the EUROPEAN UNION (28 members). In addition, 80.3% of textile imports from the United States do not extend beyond geographical areas by 2017; and at the same time, 88.9% of American textile exports are exported to the regions, mostly located in the United States and Canada as end user markets.
3.5 More “Made in UNITED STATES” textiles and apparel are sold globally
From 2015 to 2016, American textile and clothing exports rose by 3.2% and 4.3% respectively. From 2000 to 2016, the value of textile and clothing exports in the US increased by 18% and 30% respectively. This contrasts with only an annual growth of 1.9% for textile exports and a negative growth of 9.2% for clothing exports in the period 2001-2007. Almost 73% of American textile exports and 67% of American clothing exports go to the North, South and Central America in 2016, indicating the growing popularity of Western supply chains is an important factor behind the export of textiles “Made in UNITED STATES” “.
Chapter 4. MANUFACTURING COMPANIES
Some of the manufacturing companies from the peak exporter countries with their revenues are named in the following:
Jiangsu Hengli Group
Revenue in 2017: $22.05 billion
Shangtex Holding Co Ltd
Revenue in 2016: $7.113 billion
?Corporate Office – Ludhiana, Punjab
Revenue – 1 Billion dollar
?Corporate Office – Ahmedabad, Gujrat
Revenue – 932 Million Dollar
?Corporate Office – Mumbai, Maharashtra
Revenue– 310 Million dollars
Lu Thai Textile Co Ltd
Revenue in 2016: 6.47 billion yuan ($1.058 billion)
Victoria Mills Ltd
Revenue- Rs 0.08 crore (US$ 12,603.13)
Ruby Mills Ltd
Revenue- Rs 42.08 crores (US$ 6.77 million)
Chapter 5. INDUSTRY SUPPLY CHAIN
At each connection in the production chain to the left of the distribution center in the figure above, there are usually different types of companies. For goods, details and payment to be processed smoothly, a number of logistics services and many business services are required.
Depending on the size and economic growth of the recipient, the service is offered by leading companies in supply chain service providers in more advanced countries.
An illustration of how the supply chain works is as follows: Slim retailers in the United States usually complete their stores every week.Sales data points are extracted and analyzed on weekends and new orders are placed with the manufacturer.
Manufacturers are generally required to complete orders no longer than a week, which means that the manufacturer must always have a larger stock of finished goods than the retailer. How big depends on two things; first is its own lead time and the other is the volatility of the demand. The greater the demand fluctuation and the greater the number of varieties (eg style, size, color), the greater the stock. On the other hand, the shorter the production time of the producer, the better the demand forecast and the larger.
Chapter 6. TEXTILE AND THE GLOBAL TRADE
Wars have been fought, ships have sunk and more extensive trade wars have started on material issues. No other sector is so close to the indispensable part that the material segment has ever loved. Supply of ships that travel early, register the materials as an important part of the cargo. Threatening for the financial development of many countries, the material enterprise has given the two fundamental things that are the jobs and objects of which the average citizen of the whole world needs. In the mid-2000s, almost all the nations of the planet produced material products that produced a very concentrated global market circulation.
6.1 Historical Aspects
At the end of the 17th century British industrialists, excited by Indian cotton plots, sought ways to offer indigenous products outside the current family unit. In this way, Great Britain banned Indian merchandise and improved mechanized methods for turning and weaving, and pushed the revolution in the textile industry. After the material company has led the way to change the way goods can be created, it has placed the Western world in a world economy.
6.2 Global Textile Industry
After the robotization of companies in the material area in the European Union and the United States, the industry has also begun to conquer Asia and various parts of the strengthening scene. In many cases, material and mold companies have become the most important part for countries that transcend each an agricultural culture. The nineteenth century was a period of extraordinarily high development for the American cotton industry, which emerged as the country’s basic rowing industry before the civil war. The material factories in New England have gone through a colossal development and have succeeded. The general exchange between the countries has expanded widely and there has been a sense of global monetary relations and development. The twentieth century development limits the gaps between the mainland and causes the activity areas of the materials advertised worldwide to publish what exists in the twenty-first century.
6.3The Complexities of Textile Trade
In every reinforced country, the material / clothing sector has been a springboard for economic development and development of the nation, depending on the price of material and clothing to scale really needed wages. Therefore, a horrible rivalry developed when almost nations created materials and clothing for similar markets in different nations. In both the United States and the Western European Union, the associated materials / clothing / fiber companies were the most important donors and companies to collect for the economy in each state.
Chapter 7. WORLD TEXTILE TRADE IN 2017
According to the WTO’s latest World Trade Statistical Review (WTSR) 2016, the current dollar value of global tissue exports in 2017 was $ 291 billion, or $ 445 billion, but declined by 7.2% and 8%, respectively, compared to the previous year %. In 2009, the value of global textile exports rose negatively for the first time since the financial crisis.
However, textiles are not alone. The current value of the dollar, world exports of goods also fell by 13% in 2016 to 16 trillion dollars, when export prices fell by 15%. For comparison, world trade has grown by 2.7 percent, approximately equivalent to 2.4 percent of global GDP growth. The World Trade Organization says falling prices for crude oil and other products, economic slowdown in China, severe recession and inflation in Brazil, a sharp fluctuation of exchange rates and financial instability due to divergent monetary policies in improved countries. Results in world trade.
7.1 TEXTILE EXPORTS
China, the European Trade Union Federation and India are the three best textile exporters in 2015. In total, they accounted for 66.4% of world exports. The United States is considered as the fourth exporting textile exporter in 2015. The top ten exporters experienced a significant decline in their exports in 2015, with the EU-14%, and Turkey -13%, respectively. The smallest decrease was recorded in China, ie -2%.
Among the three major garment exporters are China, the European Union and Bangladesh. In general, they represented 70% of world exports. Of the ten largest exporters of clothing and textiles, exports to India increased by 2%, Cambodia by 8%, Vietnam by 10%, and Bangladesh by 6%. Other major exporters experienced a stagnant performance in the USA and experienced a decline in the other ten major economies.
In addition, despite the increase in production costs, the market share of China in world textile exports continued to grow in 2016.
7.2 TEXTILE IMPORTS
The European Union, the European Union, China and the United States were the first three textile importers in 2016. However, only 37% of world imports are seen, compared to 52.8% of total imports in 2000
Given the purchasing power of customers, measured by per capita gross domestic policy and mass of the population, in 2016 the European Union, the European Union, Japan and the United States remained the first 3 clothing importers. They account for 59% of global imports, but less than 78% of 2000.
> Availability of large cotton fiber varieties and has a fast-growing synthetic fiber industry.
> The industry is heavily dependent on cotton.
> Continuous quality improvement is the need of the clock because there are different demand patterns around the world.
> Eliminating the quota system will cause fluctuations in export demand.
> Threats to traditional markets for Powerloom and Handloom products and force them to diversify products.
> Anticipate more expansion with the latest and improved technology in textile machinery.
ANALYSIS AND INTERPRETATION
>. The world is at a new level in the industrial revolution.
>.Expectations will be further expansion with the latest and better technology in textile machinery.
>. GIC (Global Industry Analyst) has stated that the global bazaar will reach about 22.9 billion USD in the textile industry by 2017.
>. China is expected to account for about 45% of world trade by 2020.
>. India is expected to represent about 20% of world trade by 2020.
>. In western countries, imports have reached almost 85-90% of total consumption.
>. China, the EU and India retain the top three textile exporters by 2016.
>. A window of great opportunity was open to the Indian textile industry.
>. Different players must work together.
>. The government plays the role of facilitator by taking different majors.
>. Now players are investing in building capacity and creating integrated producers.
>. The industry has significant strengths and benefits, such as resource availability, labor, domestic markets and supportive government policies.
>. Future growth markets are China, India, USA etc
The overall textile industry along with garment industry , footwear and luxury fashion is now worth more than $ 3500 trillion.
The global market of textiles made from raw and original cotton was more than $8 billion in 2017.
The United States of America is the biggest importer of textile products all over the world.
Almost 45% of textile products that are sold in USA are imported from china .The textile industry in china also comes under top 3 water washing industry , it discharge almost 3 billion tons of aqua waste every year.
After china , India is the second largest textile producer in the world. India has share of about 25% in world’s spindle capacity.
In 2017, textile export was marked around $60 billion of India.
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