|
|
 |
|
Viewing report
|
|
|
|
India’s Textile and Apparel Industry: Opportunities for Sourcing and Collaboration
Textiles Intelligence, Nov 2006
India ranks among the top target countries for any company sourcing textiles and apparel. Indeed, apart from China, no other country can match the size, spread, depth, and competitiveness of the Indian textile and apparel industry. Moreover, the global elimination of quotas at the end of 2004 has greatly enhanced the opportunities for sourcing from India.
This special report focuses on the opportunities which India now offers as a source of textiles and apparel. Based on a detailed examination of the performance of a large number of apparel and home textile products in the US and EU markets in 2005, the report identifies those which offer the greatest scope for sourcing from India.
The report includes profiles of Indian textile and apparel companies which are potential partners for sourcing or collaboration. It also examines the competitiveness of India’s yarn and fabrics industry, identifies opportunities for foreign collaboration, and provides a wealth of statistical data.
India: a growing source
India supplies over US$13 bn worth of textiles and apparel to the world’s markets. And exports are growing rapidly as more and more buyers around the world turn to India as an alternative to China. In 2005 – spurred by the global elimination of quotas – shipments to the EU soared by 30% and those to the USA shot up by 34%. These increases are remarkable, given that EU imports from all sources rose by only 8% while US import growth was just 6%.
Growing international competitiveness
The reasons for India’s success are not hard to find. Apart from China, no other country can match the size, depth, spread and competitiveness of the Indian textile and apparel industry. India has a complete supply chain – from a vast raw material supply to high quality finished products. Labour costs are among the lowest in the world. Indian firms offer experience, entrepreneurship and design skills which Chinese firms find hard to match. The industry is also highly versatile: smaller firms offer the flexibility needed for smaller orders while giant firms have the capacity to service the world’s biggest buyers. Government policies have changed too. As the Indian economy opens up to the outside world, foreign investment opportunities are being transformed.
Expanded capacities, new technology
Since the elimination of quotas, Indian firms have been gearing up to meet fast growing foreign demand for their products. New capacities are being built, and competitiveness is improving as new technology is installed at a dramatic rate.
Well known names benefit from India’s strengths
Leading foreign retailers and apparel brands are taking advantage of India’s strengths as an alternative to China and other countries. Well known names include Carrefour, Decathlon, Gap, H&M, JC Penney, Levi Strauss, Marks & Spencer, Metro Group, Nike, Reebok, Target, Tesco, Tommy Hilfiger and Wal-Mart. In the post-quota era, these and new players will turn increasingly to India for their sourcing requirements.
Collaboration and joint ventures
India is opening up to the outside world. With economic liberalisation, there are new opportunities for creating joint ventures aimed at supplying international markets. But there is also scope for selling foreign brands in India’s huge domestic market.
India’s Textile and Apparel Industry: Opportunities for Sourcing and Collaboration examines all these issues and more! In particular, it will help you to identify:
- Who your competitors are, and the strategies they are adopting for future growth;
- Where geographically to establish manufacturing operations, including special economic zones and apparel parks;
- The best manufacturers and exporters to approach when outsourcing – whether in yarns, fabrics, home textiles or apparel;
- The best products to buy and where to buy them – based on India’s performance in the major consumer markets; and
- The best ways in which to collaborate with Indian companies to ensure future success.
WHAT DOES THE REPORT COVER?
India’s Textile and Apparel Industry: Opportunities for Sourcing and Collaboration will provide you with:
- A list of India’s most competitive apparel and home textile products, based on its recent achievements in the main consumer markets;
- A comparison of the Indian and Chinese textile and apparel industries in terms of their export performances;
- Information for foreign companies on how to invest in Indian companies or collaborate with them;
- A list of factors which foreign buyers consider when choosing suppliers;
- Profiles of over 50 Indian textile and apparel exporters and joint venture partners;
- Details of different forms of collaboration, including foreign direct investment (FDI), sourcing, licensing, technology transfer, retailing, and overseas acquisitions;
- Information on the roles of special economic zones and apparel parks;
- Case studies of companies which are successfully operating joint ventures; and
- Information on human resource development, government aid and assistance, and the important roles played by export promotion councils.
THE REPORT IS DIVIDED INTO 9 CHAPTERS
Chapter 1 provides an executive summary.
Chapter 2 presents an overview of the Indian textile and apparel industry – including details of its international competitiveness, roles played by the Indian government and market liberalisation, human resource development, leading foreign companies and apparel brands which source from India, and trends in exports of yarns, fabrics, apparel and home textiles.
Chapter 3 looks at issues relating to the sourcing of apparel from India, and includes a wealth of data which illustrate India’s international competitiveness in 16 key products in the US market and 14 key products in the EU market. It also provides comparisons between India and China as suppliers to global markets.
Chapter 4 features profiles of more than 20 major Indian exporters of apparel – as well as rising stars which currently supply the domestic market but could become major exporters in the future.
Chapter 5 examines issues relating to sourcing home textiles from India, including terry towels, bed sheets, bedspreads and quilts, wool floor coverings and blankets. It highlights the products where Indian firms are the most competitive, and hence identifies those items which offer the greatest potential for outsourcing by foreign companies.
Chapter 6 profiles a number of Indian firms which export home textiles.
Chapter 7 examines India’s large yarn manufacturing and weaving industries and looks at the opportunities for sourcing a wide range of textile products from the country.
Chapter 8 features profiles of ten of the leading Indian textile companies and conglomerates which export yarns and fabrics to the world’s markets.
Chapter 9 considers the recent upsurge in foreign investment in India and examines the opportunities for foreign investment and collaboration in India’s textile and apparel industry – focusing on foreign direct investment (FDI), sourcing relationships, licensing agreements, technical expertise, retailing, and overseas acquisitions.
|
|
|
|
