Textiles and Apparel - IBEF

Mar 12, 2013 - Note: P - Data for FY12 is provisional ..... M&A activity in the sector has been picking up pace over the years; in fact, within January 2000 to ...
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Textiles and Apparel

For updated information, please visit www.ibef.org

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

For updated information, please visit www.ibef.org

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

For updated information, please visit www.ibef.org

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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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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MARKET OVERVIEW AND TRENDS

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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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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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MARKET OVERVIEW AND TRENDS

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Textiles and Apparel

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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

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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

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Textiles and Apparel

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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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MARKET OVERVIEW AND TRENDS

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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

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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

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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

For updated information, please visit www.ibef.org

MARKET OVERVIEW AND TRENDS

17

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

18

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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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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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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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
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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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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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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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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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

For updated information, please visit www.ibef.org

GROWTH DRIVERS

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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

30

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Textiles and Apparel

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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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SUCCESS STORIES: RAYMOND, ALOK INDUSTRIES

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Textiles and Apparel

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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

33

Textiles and Apparel

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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

For updated information, please visit www.ibef.org

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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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

35

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

For updated information, please visit www.ibef.org

36

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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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Textiles and Apparel

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2013

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

For updated information, please visit www.ibef.org

USEFUL INFORMATION

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Textiles and Apparel

MARCH

2013

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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Textiles and Apparel

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2013

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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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