Beruflich Dokumente
Kultur Dokumente
Stamp
Submitted By
Abhishek Goel
0000000000000000
2010
Introduction
Indian Textile Industry
The Indian textile industry is the second largest in the world--second only to China. Indian
textile industry also accounts for 38 percent of the country's total exports and is, therefore, a
very important industry. The forecast is that textiles exports will reach USD 35 billion by the
year 2000. To sustain this growth, it is imperatives that the textile industry produces goods of
high quality at reasonable prices. This means that the industry must continuously modernize
its machinery. Therefore, the textile machinery industry sector has an integral role to play in
the growth of India's textile exports.
Industry analysts note that textile prices are increasingly competitive worldwide as more and
more developing countries enter the global textile trade. To maintain, if not increase, its
global market share, the Indian textile industry must procure modern, low-cost, textile
machinery so that it can produce high
quality textiles and garments for export at competitive prices. It is in this context that the
market for used textile machinery is viewed as very promising. Used textile machinery
permits India to incorporate new technology at low cost.
Approximately 120 companies manufacture the complete range of textile machinery. Gross
receipts for the Industry in 1997 were nearly USD 700 million. The industry employs about
150,000 workers directly and an equal number indirectly. The demand for textile machinery
is mainly from end user in the cotton textiles, manmade fibres and wool units textile sectors.
World trade in textiles and clothing amounted to US $ 385 billion in 2003, of which textiles
accounted for 43 percent (US $ 169 bn) and the remaining 57 percent (US $ 226 bn) for
clothing. Developed countries accounted for little over one-third of world exports in textiles
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and clothing. The shares of developed countries in textiles and clothing trade were estimated
to be 47 percent (US $ 79 bn) and 29 percent, (US $ 61 bn) respectively.
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Thomas A. Cook (1994)1 says, One of the major pitfalls in an international sale is the
quality of the documentation supporting the transaction. A mistake in spelling, execution,
language or number of copies will cause substantial delays in obtaining clearance and require
additional expenditures to complete the process.
Most of the necessary documents required for an export transaction are the invoice, packing
list, export declaration and the bill of lading. Other documents that may be required include:
payment instruments (letters of credit, sight drafts), health/sanitary certificates, certificates of
origin, export/import licenses, SGS inspection certificates, carnets (customs passes),
certificates of insurance and required import documents.
The study will be conducted to know the process involved in an apparel firm and to study
about the various departmental functions which coordinates to complete the export cycle. The
export procedure of the firm will be observed clearly and other related aspect will be known.
The analysis will find if the performance of the company is satisfactory, or the company is
facing problem regarding excess of documents which causes delay in transportation.
Therefore this project will help the company to take necessary steps to limit the number of
documents so that the company can make distribution at right for the company and it will
help the company to have competitive advantage over its competitors.
Bibliography
Websites
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http://www.economywatch.com/business-and-economy/textile-industry.html
http://www.infomat.com/research/infre0000225.html
http://www.slideshare.net/rahulogy/textile-industry-in-india-a-swot-analysis
http://www.india-crafts.com/business-reports/indian-textile-industry/
http://www.tea-india.org/Ponnsanger/infrastructure.html
http://www.bizearch.com/company/Ponn_Sanger_Exports_103901.htm
Books
1. Mastering Import & Export Management by Thomas A. Cook, Rennie Alston, Kelly
Raia.
http://books.google.co.uk/books?id=eZAJy7kTAmAC&pg=PA129&lpg=PA129&dq
=Overcoming+the+obstacles+to+export+documentation+1,+Thomas+A.+Cook.&sou
rce=bl&ots=nHCu7iCFLT&sig=tZ3AIDJWidW2vnhdtTenixwKIA4&hl=en&ei=ENu
nTIeADI2OjAe2v3lDA&sa=X&oi=book_result&ct=result&resnum=2&ved=0CB4Q6AEwAQ#v=one
page&q&f=false
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