Why India has only fraction share in world textile & garments market?
From Rediff.com
India was one of the major producers of cotton yarn and fabric, the productivity of cotton as measured by yield has been found to be lower than many countries, the study said. Ranked fifth in terms of capacity, there was a need to enhance the capacity and technology infusion in this sector, in view of the changing fibre consumption in the world.
Apart from low cost labour, other factors that were having impact on final consumer cost were relative interest cost, power tariff, structural anomalies and productivity level the study said that India has high power costs compared to other countries like Brazil, China, Italy and Korea, it said.
In India, very few exporters had gone in for integrated production facility, it said, adding that it was noted that countries that would emerge as globally competitive would have significantly consolidated supply chain.
Asserting that activities like spinning, processing, made-ups and garmenting were found to be fragmented in India, it also said that the level of technology in Indian weaving sector was low compared to other countries in the world.
The supply chain in Indian industry was not only highly fragmented but was beset with bottlenecks that could very well slow down the growth and due to this, the average delivery lead times (from procurement of fabrication and shipment of garments) still took about 45 to 60 days, compared with 30 to 35 days of International lead delivery times, the study revealed.
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India needs to cut down the production cycle time substantially to stay in the market, it suggested
Salil
India was one of the major producers of cotton yarn and fabric, the productivity of cotton as measured by yield has been found to be lower than many countries, the study said. Ranked fifth in terms of capacity, there was a need to enhance the capacity and technology infusion in this sector, in view of the changing fibre consumption in the world.
Apart from low cost labour, other factors that were having impact on final consumer cost were relative interest cost, power tariff, structural anomalies and productivity level the study said that India has high power costs compared to other countries like Brazil, China, Italy and Korea, it said.
In India, very few exporters had gone in for integrated production facility, it said, adding that it was noted that countries that would emerge as globally competitive would have significantly consolidated supply chain.
Asserting that activities like spinning, processing, made-ups and garmenting were found to be fragmented in India, it also said that the level of technology in Indian weaving sector was low compared to other countries in the world.
The supply chain in Indian industry was not only highly fragmented but was beset with bottlenecks that could very well slow down the growth and due to this, the average delivery lead times (from procurement of fabrication and shipment of garments) still took about 45 to 60 days, compared with 30 to 35 days of International lead delivery times, the study revealed.
'
India needs to cut down the production cycle time substantially to stay in the market, it suggested
Salil
posted by Salil at 6:00 AM
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