Synthetic Industry:
The Indian synthetic industry is one of the most established businesses in India and has made massive commitment to the mechanical and horticultural advancement of India. It envelops both extensive and little scale units. The monetary motivating forces conceded to the little scale units in the mid-1980s gave the pushed to the development of MSMEs in the part. The substance business serves the necessities of areas, for example, materials, cowhide, plastics, paper, printing inks and nourishment stuffs, among others.
The concoction business in India has a fine mix of little, medium and expansive players that work in various sections and at various phases of the compound esteem chain. While the essential inorganic chemicals fragment, which is capital serious, is generally ruled by enormous players, a substantial number of the natural chemicals sub-portion is ruled by little, medium and huge players.
According to the Third Census of SSI segment propelled in Nov 02, there were 111,399 compound assembling units in the nation, of whom 42,010 were enrolled units and 69,389 unregistered units. These units joined were utilizing a sum of 598,803 individuals. Of the
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The textile industry is among the SME intensive sectors in India, largely an outcome of government policies during the early years of Independence. Focusing on promoting domestic employment, large scale production in the textile industry was curtailed through the restrictions on total capacity and level mechanization. Several textile items were reserved for the Small and Medium Enterprises in Textile segment. These policies promoted the extensive growth of Small and Medium Enterprises in Textile that were highly labour intensive, though it eroded the competitiveness of the industry and acted as a disincentive for capital
Industrialization, as it did in other countries, caused the formation of factories and machines that sped up how much cotton products are produced. In document 6, Radhakamal Mukerjee, an Indian economist, says “there has been a rapid decline of the hand-woven cloth industry…on account of the competition of machine manufactures…though many wear
Some believe that India’s non-participation in the Industrial Revolution was due to British colonization. At the beginning of the Industrial Revolution, India had clout as a world leader in cotton textiles (Majumdar 62). The British plundering subsequently lead to the destruction of the textile industry, and eventually the economy. It is believed that much of the money necessary to the Industrial Revolution was obtained by the looting of India. After all, India had the three things necessary to start an endeavor such as this: raw materials, wealth, and a market. The Industrial Revolution itself began only a few years after the colonization of India (Majumdar 62). In the end, India was unable to participate in the Industrial Revolution. According to Majumdar, “Consequences of not being able to participate in the Industrial Revolution included not democratizing invention and the democratization of markets”. India’s own industrial revolution began after Independence in 1947, wh...
One of the biggest incomes for the British was found in their textile industry. In the textile industry, the domestic system presented many problems for merchants. They had difficulty regulating standards of workmanship and maintaining schedules for completing work. Workers sometimes sell some of the yarn or cloth for their own profit. As the demand for clothing increased, merchants often had to compete with one another for the limited amount of workers available in manufacturing, which increased merchants’ costs.
the case in the textile industry, having before created most of the textiles in smaller quantities in the home
The most troubled sector of recent times is Readymade Garments (RMG) sector of Bangladesh which is the backbone of our economy. This labor intensive industry has accommodated 4.5 million workers 80% of whom are women in the last fiscal year1. So there are about 5,000 garments factories scattered across the country. 78% of our foreign earnings come from this sector2. This sector keeps our economy moving but the industry has been facing numerous problems. Poor working conditions, bad industrial relations, low wage, arrogant and ruthless attitude of owners or management and lack of solid and positive initiative on behalf of successive governments has made this sector questionable to world market. It has lost GSP (Generalized System of Preference) advantage in the U.S market which has created image crisis for the industry. This is fear of loosing GSP advantage in the EU market as well. To save the employment generation and one of the largest foreign currency earning sectors, BGMEA, BKMEA and Government should adopt an integrated approach on the one hand and boost up image of this industry on the other.
Various reasons have accounted for this, one of the main being the labour cost and vertical integration of this sector. India is second largest in the production of items like cotton yarn, raw cotton, silk and cellulostic fibre. Also worldwide India is the largest producer of jute and fourth for synthetic fibre (Ministry of Textiles). The share for Indian T&C sector in global trade is expected to increase certainly, estimated around US$100bnby 2015. The Indian T&C industry apart from enjoying lower cost of production due to abundant labour enjoys vertical integration. This industry enjoys comparative advantage over its competitors due to the following positives like raw material availability, suitability of climate conditions and also the historically rich tradition (CUTS International,
Textile and clothing industries are among the largest European manufacturing industries. According to the Annual Report of the European Apparel and Textile Confederation (EURATEX) (2015) the employment in the sector rose for the first time in many years. One of the reasons is the increment of the exports outside the European Union: 27% of the total industry turnover.
India is a land of wonderful and marvelous artistic work of wood which is being appreciated world wide. The rich Indian handicraft and beautiful traditional attributes of art and design have established a reputation of Indian Furniture Industry in the nation and worldwide to be appreciated by people. There are exceptional designs, rich, compact, and luxurious trends and, not the least, the supreme quality have given elegance to the furniture segment in the traditional as well as modern aspect.
India’s clothing industry is one of the oldest industries in Indian economy dating from several years back. It is one of the largest employer and also labour intensive. The clothing industry is divided in two broad segments. First, the unorganised sector consists of sericulture, handicraft and handloom which are operated in small scale and through traditional tools and methods. Second, the organised sector consists of apparel, garments and spinning which modern machinery and technologies such as economics of scale.
The Garment industry also referred to as the clothing or textile industry traces its inception early before the invention of the sewing machine that happened in the 19th century, but its peak occurred in the first half of the 20th century (Arnesen, 2007). The manufacturing of ready-to wear attire augmented the growth of the industry, which entailed acquiring the garment, designing the outfit, cutting the fabric and finally the actual sewing.
Textile production and consumption is an increasingly global affair as production continues to shift to developing countries. Developing countries have seen an explosion in the growth of their textile exports, and for many countries textiles are a significant portion of their total exports. In response to increasing competition from low-value imports from developing countries, industry leaders in developed countries have made significant capital investments in order to increase productivity and move into advanced market sectors.
India's strategy for development has had many critics. It was pointed out that the emphasis on heavy industry
Textile industry plays a very important role in fulfilling human needs. The industry contributes to produce garments and apparels that human used in their everyday lives. Different types of textiles are used widely by humans in their activities. They used it to cover their bodies, cover their food or ripe plants from animals and weather, to coat their furnitures, and sometimes also used to assists them in sports.
This industry has generally always remained in brisk business despite a downturn in 2009 that led to a fall of a whooping $18 billion business globally. The growth of Fashion Accessory business in India, specially, has been generally lukewarm since then. A company which was working under this sector was considered as useless during this t...
“Every handicraft has to be taught not merely mechanically as it is done today, but scientifically. This is to say, that the child should learn why and wherefore of every process.”