Comparative study of India and China on Apparels & Textile

Siddharth bhandari Msc. FTM

Objective

To examines Indias & Chinas textile and apparel industry To evaluate the trade competitiveness of Indians & Chinas textile and clothing sectors. To know the buyers point of view in terms of trade (sourcing of fabric) India & china biggest competitors of textile & apparels To study trade in terms of abundance of resources, capital, skilled human resources, technology and demand.

Background

India & china biggest competitors of textile & apparels To study trade in terms of abundance of resources, capital, skilled human resources, technology and demand. Keen interest on textile & apparels

Content

1.

INTRODUCTION:
What Is Competitiveness ?
Competitiveness is a comparative concept of the ability and performance of a firm, sub-sector or country to sell and supply goods and/or services in a given market. .

2.

What is Textile & Apparels ?

Textiles, defined as felt or spun fibers made into yarn and subsequently netted, looped, knit or woven to make fabrics, appeared in the Middle East during the late stone age.

3. 4.

Objective & Scope Of The Study Research Methodology

TEXTILE AND APPARELS:

Study of Indian market

The textile and apparel industry contributes significantly to the Indian economy. It accounts for 14 per cent of total industry output and nearly 5 per cent of Gross Domestic Product (GDP). With China leading the global textile trade, India ranks second with 8 per cent of the total. India contributes to nearly 4 per cent of total textile exports and 3 per cent of total apparel exports in the world. China is the largest producer of cotton, cashmere, flax, and silk, as well as the biggest manufacturer and exporter of textiles in the world. The majority of Chinas apparel exports are designed by foreign customers and made from imported fabrics. Most of these garments are intended for mass markets, with moderate or low prices. A few factories produce high quality clothing for highfashion foreign brands. Export value of fabrics reached US$35.68 billion

Study of chinas market

Study of capital, skilled human resources, technology and demand

INDIA --It provides direct employment to 38 million people and is the largest foreign exchange earner, contributing nearly 20 per cent to Indias total exports. India has the highest number of looms- 1.8 million shuttle looms 200,000 shuttle-less looms (at 3 per cent of global capacity) and 3.9 million hand looms (at 85 per cent of global capacity). India has the second highest number of spindles in the world with 40 million spindles CHINA --with the improvement of people's living standard, the market demand for downstream products like clothes, household articles, and commercial textiles has been increasing despite the rapidly rising prices of textile fabrics; consequently, textile fabric industry still boasts huge development potentiality, and high-quality, healthy, and fashionable products can gain greater market recognition.

Comparison of both the markets

India was among Chinas top 20 trading partners, fifteenth in imports, and eighteenth in exports. China was a much more important trade partner for India, ranking in the top five, second in imports, and third in exports. The details of Indias trade with China, from Indias perspective.

TRADE BETWEEN BOTH THE COUNTRIES:

Scope of trade between India & china
Diplomatic relations notwithstanding, bilateral trade between India and China is growing more than 50% year-on-year and is slated to cross the $100-billion mark in three years. China, he says, has been a net importer of cotton. While India has emerged as a surplus producer of this natural fibre. Moreover, the quality of Indian cotton has also improved and may improve further in view of increasing attention being paid to this. China can benefit immensely by importing large quantities of cotton from India.

Best traders globally Indias & chinas best at exports

CASE STUDY:
Buyers point of view in terms of trade in terms of
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Sourcing of fabric Technology Cheap labor

FINDINGS: CONCLUSION