Add to that a tech-savvy and educated population, skilled labour, robust legal and IPR regime, and a strong commitment to calibrated liberalization — India is a destination that German investors cannot overlook.
An estimated 6 crore people depend on cotton for their living. Indian cotton production received a big boost from lakh bales in to lakh bales in with the introduction of Bt cotton. Cotton has been successfully used as a multiple purpose crop in three ways: Edible oil for human consumption; de-oiled cake as an animal feed; and kapas for fibre.
Cotton seed industry forms about 20 per cent of the total seed industry in India. The cotton seed industry has played a pivotal role by continuously investing in research, developing new hybrids, developing and introducing Bt cotton technology.
This industry has played a huge role in making required quantity and quality of cotton available to the textile industry.
The cost of cotton seed is less than 5 per cent of the revenue of the cotton farmer and has remained very affordable for him compared to other countries. The Indian textile industry is predominantly cotton based with almost 75 per cent of the spun yarn in the country being produced from cotton.
Availability of good quality cotton throughout the year at an internationally competitive price is essential to achieve a sustained growth rate in the textile industry.
The textile industry is a huge beneficiary of the Bt technology-led spurt in cotton production. India has become largest exporter of cotton yarn in the world taking advantage of the production boost in home grown cotton.
Thus, cotton has been the engine of growth for the Indian textile industry. For this growth, the textile industry projects their cotton requirement of lakh bales on the conservative side and lakh bales on the aggressive side by While there is potential still to improve the productivity of cotton and support aggressive growth of our textile industry, it requires infusion of next level of technologies and agronomic practices.
Gen next traits To reach this level of increase in yields we need to strategically introduce next generation traits like Bt3, Bt4, Herbicide Tolerance, Water Use Efficiency, Nitrogen Use Efficiency, High density planting system, mechanical harvesting system which needs different plant architecture that needs to be developed through cotton seed research.
Currently there is a freeze on the flow of new technologies into cotton seed because the technology providers are completely discouraged with the direction in which the biotechnology policy of the government is progressing, the stalemate in the regulatory approval process, the price control on GM seeds, the confusion on the IP situation of traits and the hostile environment that is prevailing in the country towards using modern science technology in seed.
Many companies have either scaled down or closed down their technology development centres in India or have deferred their plans.
The impact What will happen if this situation continues in this very important textile and cotton sector during the next 10 years and if we do not take immediate action to debottleneck the cotton seed industry? It increases cost of production and makes him uncompetitive. Due to increasing cost and scarcity of labour in the next 10 years farmers will not be able to manage weeds in the fields and will not be able to pick cotton affecting yields and economics.
The cost of picking cotton has already touched 10 per cent of the revenue of the farmer and will go up further.The Indian Textile industry is one of the largest in the world with a large raw material base and manufacturing strength across the value chain India is the largest producer and the second largest exporter of cotton in the world.
Textile Industry Marketing Plan by Vanessa Cross - Updated September 26, A marketing plan for a textile industry company sets forth a specific market strategy that identifies marketing goals and objectives with time-specific actions for achieving them.
Aug 09, · 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, making it an attractive industry to invest in future too.
India’s textiles industry contributed seven per cent of the industry output (in value terms) of India in It contributed two per cent to the GDP of India and employs more than 45 million people in The sector contributed 15 per cent to the export earnings of India in The textile industry can be regarded as one of the most active in recent times.
Hopefully it will continue to gain strong ground in times to come, as well.
If the idea of opening a textile business has fascinated you, it is time to take some action. Being in the textile industry means having close [ ]. The Indian textile and apparel industry is taking a new course by entering the Chinese market.
Most of the top global apparel retailers, such as JC Penny, Nautica, Docker and Continue Reading.