Textile industry in india provide 21 percent employment (105 million – second largestemployment provider next...
The Economic Survey 2015-16 has stated that India has emerged as the fastest growing economy among other economies. India has become a dream market for most marketers across many products segments. In textiles and apparel specifically, domestic consumption has grown at over 13 percent per annum over the last five years, fuelled by the demographic advantages of India’s population, increasing urbanization, growing disposable income and higher marked penetration of organized retail. India’s export of textiles and apparel has also grown at over 11 percent in the last five years. The Ministry of Textiles is in the process of redrafting the new Textile Policy 2016 which is likely to offer impetus to the Industry to grow further.
India is a leading exporter of rice, accounting for close to 25% of the global rice trade. According to All India Rice Exporters Association (AIREA), India exported about 11.9 million tons of rice (basmati and non-basmati) in FY15, an increase of 9.4% from about 10.9 million tons during FY14.
A breakthrough digital solution related to money transaction. Taurus Coin is a kind of digital cash that you can use to make your payment or any money transaction whenever...
Customers who join Vodafone will get unlimited local & STD calls, free national roaming (outgoing & incoming) and 1GB data per day for the first recharge of Rs 496 for 84 days. In another offer, a new customer will get unlimited local & STD calls and 1GB data for 28 days for Rs 177. Vodafone has announced a short-duration plan that offers unlimited calling and 500 MB data at about Rs 69 with 7 days of validity.
A majority of IT business will come from digital transformation projects in coming years, says C P Gurnani, Managing Director (MD) and Chief Executive Officer (CEO), Tech Mahindra . Gurnani is confident that the IT industry will achieve 11-11.5 percent compounded annual growth rate (CAGR) over the next five years and will meet the 2020 revenue target of USD 225 billion.
The dairy industry outlook is promising with Indian dairy consumption expected to surpass production by 2021. The dairy industry in value terms is growing at a healthy rate of 15% year-on-year. The organised sector is expected to grow at a CAGR of 19.5 % during 2015-2020 as against 13.2% for the unorganised sector during the same period.
For several years, India has enjoyed the position of being the second largest producer exporter of textiles in the world largest being China. The good news for India is that due to rising labour costs, China is gradually losing its competitive edge. Other factors contributing to the downfall of China’s textile exports include appreciating currency value, rising material & energy costs and a high focus on the domestic market. The decline in China’s market share in textiles provides an opportunity for India to excel in this sector.The Technology Upgradation Fund Scheme is anticipated to render a growth of 11.5 percent in cloth production, 15 percent in value exports and an additional employment of almost 15.81 million workers.
ICCPL has a major exposure in the sectors like real estate, education, automobile & retail. Started in 2011 by a young management graduate, Dushyant Sinha, the organisation today has...
TRIGO Group has started its aerospace cluster development program in cooperation with the Confederation of Indian Industry to uplift India's small and medium enterprises' quality standards and production. The goal of...
Companies racing to launch satellites to provide super fast internet. About 150 satellites weighing 120 kg each would be orbiting the earth taking turns in beaming internet down from the sky. Thus forming a network in space. With the first satellite scheduled for launch in 2018, Astrome is currently in talks with different segments of the markets to provide its internet service. However, “launching the satellite and testing it will be our top priority,” said Prasad HL Bhat, CTO, Astrome Technologies. “Once the network is operational, all .. Asked about the feasibility of satellite internet, Dr. KT Alex, former Director of ISRO Satellite Centre Bangalore said, “The concept of providing internet from space is viable, however manufacturing satellites costs a lot of money. Once you have the money for investment it is possible”. The Indian firm is currently backed by IISC and other private investors, “We raise funds in stages as per our need,” Satak said, adding that they receive business mentoring from Cisco and Analog dev ..
India is the world’s second - largest textile producer after China. It has a large raw material base and Capable of producing a wide variety of textiles and end products. India has one of the most cost competitive textile manufacturing base for all types of products across the entire value chain. Labour cost in India is lower than most of the competing countries except Bangladesh, Ethiopia and Kenya. Although power cost is on the higher side but still cheaper than China and Cambodia. Buyers look at India as the next alternative of China as it offers big domestic market, better adherence to compliance and political stability. Government of India, National Textile Policy, vision Document projects Indian textile and apparel exports to grow from $39 billion to $300 billion by 2025.
According to United States Department of Agriculture (USDA), India’s edible oil has a market size of 20.23 million metric tonnes (MT) in volume (annual consumption) and is valued at over INR 1 trillion. (June 2015 estimates). The national per capita consumption of edible oils and fats is 14 kg per annum, which is substantially lower than the world average of 20 kg per annum. While in developed countries the figure is 35 kg per annum. India’s per capita consumption is expected to increase in future and that too substantially. India is estimated to have spent over $10 billion on the imports of edible oil, making it the third-biggest import item after crude oil and gold.
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