Mar 12, 2013 - Note: P - Data for FY12 is provisional ..... M&A activity in the sector has been picking up pace over
Textiles and Apparel
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MARCH
2013
1
Textiles and Apparel
MARCH
2013
Contents Advantage India Market overview and trends Growth drivers Success stories: Raymond, Alok Industries Opportunities Useful information
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2
Textiles and Apparel
MARCH
2013
Advantage India Increasing investments
Robust demand •
Increased penetration of organised retail, favourable demographics ,and rising income levels to drive textile demand
•
Growth in building and construction will continue to drive demand for nonclothing textiles
•
•
Abundant availability of raw materials such as cotton, wool, silk and jute
•
India enjoys a comparative advantage in terms of skilled manpower and in cost of production relative to major textile producers
Market Value: USD89 billion
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Market Value: USD223 billion
Advantage India
Competitive advantage
2011
Over USD35 billion of investments have been made in the textile and clothing sector during the last four years, with the cotton textile segment accounting for around 75 per cent
2021E
Policy support •
100 per cent FDI (automatic route) is allowed in the Indian textile sector
•
SITP was approved in July 2005 to facilitate setting up of textiles parks with world class infrastructure
• •
Free trade with ASEAN countries will boost exports
Source: Technopak, Aranca Research Notes: SITP - Scheme for Integrated Textile Park, FDI - Foreign Direct Investment, 2021 E - Estimated figure for 2020; ASEAN - Association of Southeast Asian Nations ADVANTAGE INDIA
3
Textiles and Apparel
MARCH
2013
Contents Advantage India Market overview and trends Growth drivers Success stories: Raymond, Alok Industries Opportunities Useful information
For updated information, please visit www.ibef.org
4
MARCH
Textiles and Apparel
2013
Evolution of the Indian textile sector
2000 onwards
1951-2000
1901-50
• In 1999, TUFS was set up to provide easy access to capital for technological upgradation • TMC was launched to address issues related to low productivity and infrastructure • In 2000, NTP was announced for the overall development of the textile and apparel industry
• NTC started selling few mills to private businesses in 2005 • SITP was implemented to facilitate setting up of textile units with appropriate support infrastructure • Post MFA cotton prices are aligned with global prices • Technical textile industry will be a new growth avenue
• Number of mills increased from 178 1854-1900 in 1901 to 417 in 1945 • Out of 423 textile mills of the undivided India, • The first cotton India received 409 textile mill of after partition and Mumbai was the remaining 14 established in 1854 • The first cotton mill went to Pakistan of Ahmedabad was found in 1861; it emerged as a rival Notes: NTP - National Textile Policy, NTC - National Textiles Corporation, TUFS - Technology Upgradation Fund Scheme, TMC - Technology Mission on Cotton centre to Mumbai MARKET OVERVIEW AND TRENDS 5 For updated information, please visit www.ibef.org
MARCH
Textiles and Apparel
2013
Segments in the textile and apparel sector →
The textile and apparel industry can be broadly divided into two segments: →
Yarn and fibre (including natural and man-made fibre as well as yarn)
→
Processed fabrics (including woolen textiles, silk textiles, jute textiles, cotton textiles and technical textiles), readymade garments (RMGs) and apparel Key segments of the textile industry
Process
Raw material
Output
Cotton, jute, silk, wool
Ginning
Fibre*
Spinning
Yarn
Yarn and fibre segment
Weaving/ Knitting
Fabric
Processing
Garment/ Apparel production
Processed fabric
Final garment/ Apparel
• • • •
Woollen textiles Silk textiles Jute textiles Technical textiles
Source: Aranca Research Note: * - Including cotton, jute, silk, wool and manmade fibres
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MARKET OVERVIEW AND TRENDS
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2013
Key Facts
→
The fundamental strength of the textile industry in India is its strong production base of wide range of fibre / yarns from natural fibres like cotton, jute, silk and wool to synthetic /man-made fibres like polyester, viscose, nylon and acrylic
→
India is the world’s second largest producer of textiles and garments
→
Indian textile industry accounts for about 24 per cent of the world’s spindle capacity and eight per cent of global rotor capacity
→
India has the highest loom capacity (including hand looms) with 63 per cent of the world’s market share
→
India accounts for about 14 per cent of the world’s production of textile fibres and yarns (largest producer of jute, second largest producer of silk and cotton; and third largest in cellulosic fibre)
Source: Textile Ministry, Aranca Research
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MARKET OVERVIEW AND TRENDS
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Textiles and Apparel
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2013
The sector has been posting healthy growth over the years
→
→
India's textile market size (USD billion)
Textile plays major role in the Indian economy →
It accounts for 27 per cent of foreign exchange inflows
→
It has a share of 14 per cent in industrial production
→
It is the largest source generation in the country
of
employment
The size of the Indian textile market in 2011 was USD89.0 billion; the market is expected to record a CAGR of 10.1 per cent over 2009-21
223
70
78
2009
2010
89
2011
2021E
Source: Technopak, Ministry of Textiles, Aranca Research Note: CAGR - Compound Annual Growth Rate, E - Estimated
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Textiles and Apparel
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2013
Market share: Apparel has the larger share
→
Apparel constitute a large share in the overall sector →
Shares in India’s textile and apparel sector in 2011
In 2011, apparel had a share of 69 per cent of the overall market; textiles contributed the remaining 31 per cent 31%
→
Apparel
To improve technical skills in Apparel industry government established 75 Apparel training and design centre across India
→
National Institute of Fashion Technologies played pioneering role in growth of Apparel industry and exports
→
To promote Apparel exports 12 locations has been approved by the government to set up Apparel parks for exports
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Textile
69%
Source: Technopak, Aranca Research Note: NIFT - National Institute of Fashion technology
MARKET OVERVIEW AND TRENDS
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2013
Cotton production over the past few years has been volatile
→
Production of raw cotton grew to 35.3 million bales in FY12, up from about 28.0 million bales in FY07
→
During this period, the CAGR in production was 4.7 per cent; annual growth in FY12 was at 4.1 per cent
→
Of the total amount of raw cotton produced in the country, 25 million bales were used up in domestic consumption while 8.5 million bales were exported
Production of raw cotton (million bales)
35.3 33.9 30.7
29.0
30.5
28.0
Note: CAGR - Compounded Annual Growth Rate one Bale - 217.7 kilo gram P - Data for FY12 is provisional FY07
FY08
FY09
FY10
FY11
FY12P
Source: Ministry of Textiles, Aranca Research
• Raw cotton and man-made fibres are the major segments in this category • Raw wool and raw silk are the other components - their production levels are much lower
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Textiles and Apparel
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2013
Production of manmade fibre has also been rising
→
Production of man-made fibre has also been on an upward trend
Production of man-made fibre (million tonnes) 1.268
→
Production stood at 1.230 million tonnes in FY12 with the figure reinforcing a recovery from 2009 levels
1.285
1.244 1.230
1.139
1.066
FY07
FY08
FY09
FY10
FY11
FY12P
Source: Ministry of Textiles, Aranca Research Note: P - Data for FY12 is provisional
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MARKET OVERVIEW AND TRENDS
11
Textiles and Apparel
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2013
Cotton is the major segment in both yarn and fabric … (1/2)
→
Production of yarn grew to 5.8 million tonnes in FY12 from 5.2 million tonnes in FY07, a CAGR of 2.4 per cent
→
Cotton yarn accounts for the largest share in total yarn production; in FY12 the segment’s share amounted to 53.6 per cent
Production of yarn (million tonnes)
1.5
1.5
1.5
1.5
1.4
1.0
1.1
1.0
2.8
2.9
2.9
3.1
3.5
3.1
FY07
FY08
FY09
FY10
FY11
FY12P
1.4
Cotton Yarn
1.1
Other Spun Yarn
1.2
1.2
Manmade Filament Yarn
Source: Ministry of Textiles, Aranca Research Note: P - Data for FY12 is provisional
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MARKET OVERVIEW AND TRENDS
12
Textiles and Apparel
MARCH
2013
Cotton is the major segment in both yarn and fabric … (2/2)
→
→
Fabric production rose to 61,364 million sq. metres in FY12 from 52,665 million sq. metres in FY07, a CAGR of 3.1 per cent The major segment is cotton yarn which accounted for 50 per cent in FY12
Fabric production (million sq mtr)
7,767
8,278
8,394
23,652
22,563
22,377
6,888
6,766
19,545
21,173
20,534
26,238
27,196
26,898
28,914
31,718
30,593
FY07
FY08
FY09
FY10
FY11
FY12P
6,882
Cotton
100% Non Cotton
Blended
Source: Ministry of Textiles, Aranca Research Notes: Sq Mtr is Square meter, P - Data for FY12 is provisional
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Textiles and Apparel
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2013
Exports have posted strong growth over the years
→
India's textile trade (USD billion)
Exports have been a core feature of India’s textile and apparel sector, a fact corroborated by trade figures
33.2 →
Exports grew to USD33.2 billion in FY12 from USD17.6 billion in FY06, a CAGR of 11.2 per cent →
FY12 was a particularly good year for the sector with exports shooting up by an annual rate of 19.4 per cent
27.8 19.1
21.2
22.1
22.4
17.6
3.3 2.7 FY06
2.8 FY07
3.5
3.4
FY08 FY09 FY10 Exports Imports
4.2
FY11
5.2
FY12P
Source: Ministry of Textiles, Aranca Research Note: P - Data for FY12 is provisional
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MARKET OVERVIEW AND TRENDS
14
Textiles and Apparel
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2013
Readymade garments and cotton textiles dominate exports
→
→
Readymade garments was the largest contributor to total textile and apparel exports from India in FY12*; the segment had a share of 39 per cent Cotton and man-made textiles were the major contributors with shares of 34 per cent and 17 per cent, respectively
Shares in India’s textile exports (FY12)
3%
Readymade Garment
3% 4%
17%
Cotton Textiles 39%
Man-made textiles Handicrafts Silk & Handloom
34%
Woolen & others
Source: Ministry of Textiles, Aranca Research Note: Others include coir & coir manufacturers and jute
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MARKET OVERVIEW AND TRENDS
15
Textiles and Apparel
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2013
Key players in the industry Company
Business areas
Welspun India Ltd
Home textiles, bathrobes, terry towels
Vardhman Group
Yarn, fabric, sewing threads, acrylic fiber
Alok Industries Ltd
Home textiles, woven and knitted apparel fabric, garments and polyester yarn
Raymond Ltd
Worsted suiting, tailored clothing, denim, shirting, woollen outerwear
Arvind Mills Ltd
Spinning, weaving, processing and garment production (denims, shirting, khakis and knitwear)
Bombay Dyeing & Bed linen, towels, furnishings, fabric for suits, Manufacturing Company shirts, dresses and saris in cotton and Ltd polyester blends Garden Silk Mills Ltd
Dyed and printed fabric Source: Annual Reports, Aranca Research
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MARKET OVERVIEW AND TRENDS
16
Textiles and Apparel
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2013
Notable trends in the Indian textile sector • The Ministry of Textiles is encouraging investments through increasing focus on
Increasing investment in TUFS
schemes such as TUFS and cluster development activities • Investments under TUFS increased to USD600 million in FY11, with spinning
accounting for the largest share
Multi-Fibre Arrangement (MFA)
Public-Private Partnership (PPP)
• With the expiry of MFA in January 2005, cotton prices in India are now fully
integrated with international rates
• The Ministry of Textiles commenced an initiative to establish institutes under the
public-private partnership (PPP) model to encourage private sector participation in the development of the industry
• Technical textiles, which has been growing at around twice the rate of textiles for
Technical textiles
clothing applications over the past few years, is now expected to post a CAGR of 20 per cent over FY11-17 Source: Ministry of Textiles, Aranca Research
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Textiles and Apparel
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2013
Contents Advantage India Market overview and trends Growth drivers Success stories: Raymond, Alok Industries Opportunities Useful information
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Textiles and Apparel
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2013
Strong demand and policy support driving investments
Growing demand
Increasing investments
Policy support Strong government support
Growing domestic and foreign investments
100 per cent FDI in textile sector
Rising demand in exports Inviting
Resulting in
Increasing demand in domestic market
Government setting up SITPs and Mega Cluster Zones
Commitment of USD140 billion of foreign investments
Growing population driving textile demand
Increasing loans under TUFS
Government investment schemes (TCIDS and APES)
Source: Ministry of Textiles, Aranca Research Note: TCIDS - Textile Center Infrastructure Development Scheme, APES - Apparel Park for Exports Scheme
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GROWTH DRIVERS
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Textiles and Apparel
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2013
Continued support to the textile sector by the government in the FY13 budget
Stress on mechanisation
•
•
Financial package of INR38.8 billion (USD809 million) for waiver of loans for handloom weavers and their cooperative societies
INR5.0 billion (USD100 million) pilot scheme announced for promotion and application of geotextiles in the North Eastern Region
•
Automatic shuttleless looms fully exempted from basic customs duty of 5 per cent
•
Automatic silk reeling and processing machinery as well as its parts exempted from basic customs duty
FY13 Union Budget
Financial package
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Infrastructure support
•
Mega handloom clusters to be set up in Andhra Pradesh and Jharkhand
•
Power loom mega cluster to be set up in Maharashtra
•
Three Weaver’s Service Centres (one each in Mizoram, Nagaland and Jharkhand) to be set up for providing technical support to poor handloom weavers GROWTH DRIVERS
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Textiles and Apparel
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2013
Changing demographics has also contributed significantly to the sector
→
India‘s population in billions
By 2010, India’s population had close to doubled compared to figures 30 years before
1.31 →
→
→
The IMF expects India’s population to touch 1.31 billion by end-2017
1.19
1.02
India’s growing population has been a key driver of textile consumption growth in the country
0.84
It has been complemented by a young population which is growing and at the same time is exposed to changing tastes and fashion
0.68
Complementing this factor is rising female workforce participation in the country
1980
→
1990
2000
2010
2017F
Source: IMF, Aranca Research Note: F - Forecasts
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GROWTH DRIVERS
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Textiles and Apparel
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2013
Rising incomes and a growing middle class have been the key demand drivers →
Rising incomes has been a key determinant of domestic demand for the sector; with incomes rising in the rural economy as well, the upward push on demand from the income side is set to continue
→
A rising middle class has also aided demand growth for the sector; the size of the middle class is forecasted to rise to 550 million by 2025 from more than 50 million in 2011 Trends in per-capita income in India
Changing economic fortunes by income segments
3,000
30%
70
2,500
25%
60
20%
2,000
15%
1,500
10%
1,000
50 40
0% -5% 2000 2002 2004 2006 2008 2010 2012F 2014F 2016F
annual income INR90,000 200,000
10
Annual growth rate, RHS
Globals:
annual income INR1,000,00 0
0 2005
Per capita income, USD, LHS
annual income INR500,000 1,000,000
Deprived 20
0
Aspirers:
30
5%
500
Seekers: annual income INR200,000 500,000 Strivers:
million households
2010
Strivers
2015
Seekers
2020
2025
Deprived
Source: IMF, McKinsey Quarterly, Aranca Research Notes: E - Estimates, F - Forecasts
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GROWTH DRIVERS
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Exporters gaining from strong global demand
→
→
→
→
Capacity built over years has led to low cost of production per unit in India’s textile industry; this has lent a strong competitive advantage to the country’s textile exporters relative to key global peers
The sector has also witnessed increasing outsourcing over the years as Indian players moved up the value chain from being mere converters to vendor partners of global retail giants The strong performance of textile exports is reflected in the value of exports from the sector over the years; In FY12, textile exports jumped by 19.4 per cent to USD33.2 billion In the coming decades, Africa and Latin America could very well turn out to be key markets for Indian textiles
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Growing textile exports from India (USD billion) 33.2 27.8 22.2 19.2
FY07
FY08
21.1
FY09
22.4
FY10
FY11
FY12P
Source: Ministry of Textiles, Aranca Research
GROWTH DRIVERS
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Technical textile industry - A new arena of growth
→
→
The major service offerings of the technical textile industry include thermal protection and bloodabsorbing materials, seatbelts and adhesive tapes
Technical Textile Industry (USD billion) 31.4
Technical textile industry market is expected to expand at a CAGR of 20 per cent during FY11-17 to reach a value of USD31.4 billion in FY17 from USD12.6 in FY11 12.6
→
Healthcare and infrastructure sector are the major drivers of the technical textile industry
→
The government has also supported the technical textile industry during the Union Budget of FY13 with an allotment of USD1 billion for the SMEs in the sector and an exemption in custom duty for raw materials used by the sector
FY11
FY17E
Source: Ministry of Textiles, Techtextil , Aranca Research
Note: SME - Small and medium enterprises
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GROWTH DRIVERS
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Textiles and Apparel
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2013
Policy support has been a key ingredient to growth
Technology Upgradation Fund Scheme (TUFS)
National Textile Policy - 2000
Foreign Direct Investment
Scheme for Integrated Textiles Parks (SITP)
• TUFS infused an investment of more than USD43 billion until June 2010; another
USD3.3 billion has been allocated for the 12th Five Year Plan • Investment was made to promote modernisation and upgradation of the textile
industry by providing credit at reduced rates • The policy was introduced for the overall development of textile industry • Key areas of focus include technological upgrades, enhancement of productivity,
product diversification and financing arrangements
• FDI of up to 100 per cent is allowed in the textile sector through the automatic
route
• SITP was set up in 2005 to provide necessary infrastructure to new textile units;
under SITP, 40 projects (worth USD900 million) have been sanctioned • The planned outlay for the textiles and apparel sector under the 11th Five Year Plan
(20012-17) was USD2.9 billion
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GROWTH DRIVERS
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Textiles and Apparel
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2013
Textile SEZs in India
Name of SEZ and status
State
Area (hectares)
Sector
Details
Mahindra City SEZ (Functional)
Tamil Nadu
607.1
Apparel and fashion accessories
Mahindra City is India’s first integrated business city, divided into business and lifestyle zones. It is a cluster of three sector specific SEZs in Tamil Nadu, for apparels and fashion accessories; IT and hardware; and auto ancillary. The business zone provides plug-n-play working spaces. This zone comprises a SEZ (primarily for exporters) and domestic tariff area (DTA) for companies targeting domestic market
Surat Apparel Park (Functional)
Gujarat
56.0
Textiles
Key industrial units include Safari Exports, Venus Garments, Benchmark Clothings, P. K. International, Tormal Prints, J.R. Fashion and Ganga Export
Brandix India Apparel City (BIAC) (Functional)
Andhra Pradesh
404.7
Textiles
BIAC is an integrated apparel supply chain city, managed by Brandix Lanka Ltd. It aims to be a end-to-end apparel solution provider
(KIADB) (Functional)
Karnataka
16129.0
Karnataka Industrial Areas Development Board (KIADB) is a wholly Several sectors owned infrastructure agency of Government of Karnataka. Till date, KIADB has formed 132 industrial areas spread all over the state Source: Aranca Research Note: KIADB - Karnataka Industrial Areas Development Board, SEZ - Special Economic Zone
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GROWTH DRIVERS
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Textiles and Apparel
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2013
Key textiles and apparel zones in India NORTH: Kashmir, Ludhiana and Panipat account for 80 per cent of woollens in India
EAST: Bihar for jute, parts of Uttar Pradesh for woollen and Bengal for cotton and Jute industry
WEST: Ahmedabad, Mumbai, Surat, Rajkot, Indore and Vadodara are the key places for cotton Industry
Major Textile and Apparel zones
SOUTH: Tirpur,Coimabtore and Madurai for hosiery. Bengaluru, Mysore and Chennai for Silk
Source: Aranca Research, Note: All figures as of 2011-12
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GROWTH DRIVERS
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2013
M&A activity up in the sector
→
M&A activity in the sector has been picking up pace over the years; in fact, within January 2000 to June 2011, 482 M&A deals took place and the trend has continued in FY12 as well
→
The six major M&A deals* are listed below M&A scenario - details Period: 1 January 2000 to 1 September 2012 Top 6 deals
Acquirer Name
Target Name
Deal size (USD million)
1
Madura Garments
Pantaloon Retail
333.3
2
Himachal Fibres
Balmukhi textiles Pvt Ltd.
NA
3
BR Machine Tools Pvt Ltd
Bombay Rayon Fashions Ltd
721.1
4
Group of investors
Provogue (India)Ltd
526.9
5
M C Spinners Pvt. Ltd
Maxwell Industries
6
Grasim Industries
Terrace Bay Pulp
8.47 360
Sources: “M&A,” Thompson ONE Banker, Grant Thornton, CMIE, Aranca Research Notes: * - The value for 290 deals were not disclosed
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GROWTH DRIVERS
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2013
Foreign investments flowing into the sector
→
100 per cent FDI is approved in the sector
→
Cumulative FDI in the sector during April 2000 to August 2012 stood at USD1.2 billion
→
Trends of FDI in textile industry (USD million) 190
130
The textiles industry in India is experiencing a significant increase in collaboration between global majors and domestic companies →
International apparel giants like Hugo Boss, Liz Claiborne, Diesel, Kanz and many others have already started operations in India
165
160 140
129
90
40 9 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12
Source: Ministry of Commerce and Industry, Aranca Research
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GROWTH DRIVERS
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2013
Contents Advantage India Market overview and trends Growth drivers Success stories: Raymond, Alok Industries Opportunities Useful information
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30
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Raymond: A long journey of success Retail
JV with GAS in India - 2007
Furnishings Iron making and castings Capacity of 40 MM - 1996
Corporate wear Alloy steel
Woollen Wheel,outerwear tyre and axle plant (railways)
FY12 USD758 million turnover
Acquisition of ColorPlus - 2002
Organic growth in textiles
1980 Transformed into industrial conglomerate
1964 Vertical integration in multifibres
Apparels
Fabrics 1925
1958
1964
1968
For updated information, please visit www.ibef.org
FY06 USD364 million turnover
1990
1996
2000
670 outlets currently and plans to add another 500 outlets by 2015
2002
2006
2007
2008
2010
2011
2012
SUCCESS STORIES: RAYMOND, ALOK INDUSTRIES
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Alok Industries: Integrated textile solutions
Plans to enter in technical textiles and special textiles market
Polyester Yarn JV with NTC 2008 Home Textile Iron making and
Acquisition of QS to gain retail holding in the UK - 2007
castings Garments - Woven & Knitted Alloy steel Organic growth in textiles Embroidery Wheel, tyre and
1995* Financial and technical collaboration through JV
axle plant (railways) Apparel Fabric
Cotton and Blended Yarn
FY12 USD1.8 billion turnover
1986
1988
1990
1992
1993
1995
2007 ISO Accreditations FY04 USD208 million turnover
2003 2004 2006 2007 2008
2010
2011
2012
Notes: NTC - National Textile Corporation *In 1995 Alok industries had sets up financial and technical collaboration with Grabal, Albert Grabher GmbH & Co of Austria to make embroidered products through a joint venture company, Grabal Alok Impex Ltd
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2013
Contents Advantage India Market overview and trends Growth drivers Success stories: Raymond, Alok Industries Opportunities Useful information
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33
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2013
Opportunities … (1/2)
Immense growth potential
Private sector participation in silk production
•
The Indian textile industry is set for strong growth, buoyed by both strong domestic consumption as well as export demand
•
The Central Silk Board sets targets for raw silk production and encourages farmers and private players to grow silk
•
For the near term (2012), the sector is valued at USD110 billion by the Confederation of Indian Textile Industry (CITI)
•
To achieve these targets, alliances with the private sector, especially major agro-based industries in precocoon and post-cocoon segments has been encouraged
•
Estimates by the Alok Industries Ltd put the sector market value at USD220 billion by 2020
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Proposed FDI in multi-brand retail
•
For the textile industry, the proposed hike in FDI limit in multi-brand retail will bring in more players, thereby providing more options to consumers
•
It will also bring in greater investments along the entire value chain - from agricultural production to final manufactured goods
•
With global retail brands assured of a domestic foothold, outsourcing will also rise significantly
OPPORTUNITIES
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Textiles and Apparel
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2013
Opportunities … (2/2) Retail sector offers growth potential
•
•
With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade with several international players like Marks & Spencer, Guess and Next having entered Indian market
Centers of Excellence (CoE) for research and technical training
•
The CoEs are aimed at creating testing and evaluation facilities as well as developing resource centres and training facilities
•
Existing four CoEs, BTRA for Geotech, SITRA for Meditech, NITRA for Protech and SASMIRA for Agrotech, would be upgraded in terms of development of incubation centre and support for development of prototypes
•
Fund support would be provided for appointing experts to develop these facilities
The organised apparel segment is expected to grow at a compound annual growth rate (CAGR) of more than 13 per cent over a 10-year period
Foreign investments
•
The government is taking initiatives to attract foreign investments in the textile sector through promotional visits to countries such as Japan, Germany, Italy and France
Notes: BTRA - The Bombay Textile Research Association; SITRA - South India Textile Research Association, NITRA - Northern India Textile Research Association, SASMIRA - Synthetic & Art Silk Mills Research Association
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OPPORTUNITIES
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Textiles and Apparel
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2013
Contents Advantage India Market overview and trends Growth drivers Success stories: Raymond, Alok Industries Opportunities Useful information
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Industry Associations The Textile Association (India) (TAI) 72-A, Santosh, Dr M B Raut Road, Shivaji Park, Dadar, Mumbai - 400 028 Telefax: 91-22-24461145 Website: www.textileassociationindia.org The South India Textile Research Association (SITRA) 13/37, Avanashi Road, Coimbatore - 641 014, Tamil Nadu Phone: 91-422-2574367, 6544188, 4215333 Fax: 91-422-2571896, 4215300 E-mail:
[email protected] Website: www.sitra.org.in Northern India Textile Mills’ Association (NITMA) 121, Gagandeep Building (First Floor), 12, Rajendra Palace, New Delhi - 110 008 E-mail:
[email protected],
[email protected] Website: www.nitma.org
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USEFUL INFORMATION
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Glossary … (1/2) →
BTRA: Bombay Textile Research Association
→
CAGR: Compound Annual Growth Rate
→
FDI: Foreign Direct Investment
→
FY: Indian financial year (April to March)
→
GOI: Government of India
→
INR: Indian Rupee
→
NITRA: Northern India Textile Research Association
→
NTC: National Textiles Corporation
→
NTP: National Textile Policy
→
SASMIRA: Synthetic & Art Silk Mills Research Association
→
SEZ: Special Economic Zone
→
SITP : Scheme for Integrated Textile Park
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USEFUL INFORMATION
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Glossary … (2/2) →
SITRA: South India Textile Research Association
→
TUFS: Technology Upgradation Fund Scheme
→
TMC: Technology Mission on Cotton
→
USD: US Dollar →
→
Conversion rate used: USD1= INR48
Wherever applicable, numbers have been rounded off to the nearest whole number
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USEFUL INFORMATION
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For updated information, please visit www.ibef.org
presentation to ensure that the information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a substitute for professional advice. Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation. Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any reliance placed or guidance taken from any portion of this presentation.
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