Interviews
Dayanidhi Maran leads trade delegation to Europe
21 Oct '09
5 min read
has a vertical and horizontal integrated textiles value chain, and represents a strong presence in the entire value chain from raw material to finished goods. The average labour cost in India is US$ 0.7 per hour compared to US$40.75 per hour in Switzerland, US$22.31 per hour in Italy and US$4.27 per hour in Turkey.
The Indian textiles industry will require an additional investment of US$ 24 billion (Rs. 110, 000 crore) by 2015 to maintain a high growth rate of 8%. This may include domestic investment of US$ 18 billion (Rs. 82,550 crore) and Foreign Direct Investment of US$ 6 billion (Rs. 27,490 crore).The Indian Textiles Sector had been able to attract only US$200 million (0.6 % of the overall FDI of US$ 33 billion) in the year 2008, in comparison, the Chinese Textiles Industry has been able to attract foreign investment of US$ 10 billion (Rs. 45,800 crore). There is an urgent need to attract and sustain FDI in textiles sector if India has to achieve the goals of employment generation, technology up gradation, creation of brand India and attain 4% share in global trade in textiles and clothing. India, which is the only bright spot along with China in otherwise bleak global economic scenario, with ever increasing per capita, household and discretionary income, with US$ 425 billion (Rs. 19,46,500 crore) retail Industry will be an attractive destination for foreign Investment in coming years.
Indian Textiles economy which is US$62 billion (Rs. 283,966 crore) is expected to reach US$110 billion (Rs. 503,380 crore) by 2015 comprising US$65 billion (Rs. 274,800 crore) domestic and US$ 45 billion (Rs. 206,000 crore) export. Indian Textiles and Apparel market is currently valued at US$ 40 billion (Rs. 183,200 crore) and is growing @ 14%, and most of the top global apparel retailers have their scouring network in India like JC Penney, Nautica, Dockers, Bed Bath & Beyond, Target, Kohl's, Liz, cK, Sprit, M&S, GAP, United Colors of Benetton, Mango, Zara and Dillard's.
The Switzerland with GDP of US$492.6 billion has a textiles trade of US$13 billion of which textiles trade with India is of US$89 million, and Swiss major Corporations like Reiter(Textiles Machinery), Nestle (Food products),Clarant(Chemicals) and Noviratis are firmly established in India. Italy with GDP of US$2.3 billion have a total textiles trade of US$70 billion, of which India's share is US$972 million. The Italian major corporations have a long presence in India market like Fiat, Benetton, Zucci Textiles and Perfetti Van Melle (Chewing gum). Turkey with per capita income of US$ 729.4 billion has a textiles trade of US$ 34 billion, of which India's share is US$11 million. The Turkish major corporations like Soktas Tekstil (Textiles), LIMAK (construction) and Barmek(Electrical equipment manufacturer) have a presence in Indian Markets.
The trade delegation will Click here for more details.
The Indian textiles industry will require an additional investment of US$ 24 billion (Rs. 110, 000 crore) by 2015 to maintain a high growth rate of 8%. This may include domestic investment of US$ 18 billion (Rs. 82,550 crore) and Foreign Direct Investment of US$ 6 billion (Rs. 27,490 crore).The Indian Textiles Sector had been able to attract only US$200 million (0.6 % of the overall FDI of US$ 33 billion) in the year 2008, in comparison, the Chinese Textiles Industry has been able to attract foreign investment of US$ 10 billion (Rs. 45,800 crore). There is an urgent need to attract and sustain FDI in textiles sector if India has to achieve the goals of employment generation, technology up gradation, creation of brand India and attain 4% share in global trade in textiles and clothing. India, which is the only bright spot along with China in otherwise bleak global economic scenario, with ever increasing per capita, household and discretionary income, with US$ 425 billion (Rs. 19,46,500 crore) retail Industry will be an attractive destination for foreign Investment in coming years.
Indian Textiles economy which is US$62 billion (Rs. 283,966 crore) is expected to reach US$110 billion (Rs. 503,380 crore) by 2015 comprising US$65 billion (Rs. 274,800 crore) domestic and US$ 45 billion (Rs. 206,000 crore) export. Indian Textiles and Apparel market is currently valued at US$ 40 billion (Rs. 183,200 crore) and is growing @ 14%, and most of the top global apparel retailers have their scouring network in India like JC Penney, Nautica, Dockers, Bed Bath & Beyond, Target, Kohl's, Liz, cK, Sprit, M&S, GAP, United Colors of Benetton, Mango, Zara and Dillard's.
The Switzerland with GDP of US$492.6 billion has a textiles trade of US$13 billion of which textiles trade with India is of US$89 million, and Swiss major Corporations like Reiter(Textiles Machinery), Nestle (Food products),Clarant(Chemicals) and Noviratis are firmly established in India. Italy with GDP of US$2.3 billion have a total textiles trade of US$70 billion, of which India's share is US$972 million. The Italian major corporations have a long presence in India market like Fiat, Benetton, Zucci Textiles and Perfetti Van Melle (Chewing gum). Turkey with per capita income of US$ 729.4 billion has a textiles trade of US$ 34 billion, of which India's share is US$11 million. The Turkish major corporations like Soktas Tekstil (Textiles), LIMAK (construction) and Barmek(Electrical equipment manufacturer) have a presence in Indian Markets.
The trade delegation will Click here for more details.
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-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
