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Indian Textile Industry Essay

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Introduction to the Indian Textile Industry
The Indian Textile Industry is one of the oldest textile industries in the world. The abundant availability of raw material is one of the important advantages of the Indian textile industry. It is well-established that India possesses a natural advantage in terms of raw material availability. It is one of the largest contributors to India’s GDP (4%) and export (17%) as well. India is the world’s second largest textile exporter, exporting around $40billion in 2013-14. The major sectors in which the textile industry can be divided are Silk Textiles, Cotton textiles, Woolen Textiles, Jute and Ready Made Garments.
Analysis of Capital Intensity of the Indian Textile Industry
The textile sector employs …show more content…

The handloom sector, on the other hand is the second largest employer in India after agriculture. A study of the factor productivities in this sector found that labor productivity increased in from 1990-2000, but not as much compared to other countries. Capital intensity increased during the period. 4
Industry size is measured in terms of levels of sales, assets, value-added, capital deployed and employment. Likewise, capital intensity is measured, as amount of fixed capital used in relation to other inputs (especially labour) or the overall output. Typically, capital-labour ratio or capital-output ratio are seen as alternative measures of capital intensity of an industry. Size and capital intensity have been recognized as important parameters in the evolution of any industry.
In the past few years, robust demand and liberalization have been some of the factors which have led to an increase in the capital intensity in this industry. Indian companies have been able to import modern technology and enter into joint ventures with foreign firms. Post globalization, the textile sector has experienced removal of high tariffs on machinery and significant Foreign Direct …show more content…

• Narendra Modi, Prime Minister of India at Varanasi laid the foundation stone of the Trade Facilitation Centre and Craft Museum.
Some of the factors which impede capital investments in the industry are the huge number of small mills, which have excess capacity and can’t take advantage of economies of scale. The fabric weaving and finishing sectors use obsolete technology and are in need of consolidation and technological investment.3 The level of modernization in the spinning sector however, has increased. 5 However, compared to European and East Asian countries, the capital intensity of the spinning sector is still low. The garments sector has also witnessed modernization and expansion in the past few years.
REFERENCES
1. A Brief Report of Textile Industry in India, 2012 2. IBEF 3. India 's Textile and Apparel Industry: Growth Potential and Trade and Investment Opportunities, Staff Research Study #27
4. RBI, 2004
5. Assessing the Prospects for India’s Textile and Clothing Sector,

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