We now do a SWOT analysis of the Indian textile industry keeping in mind the global changes that have taken place in the post quota regime.
1. Abundant raw material
2. Low cost skilled labour
3. Presence across the value chain
4. Growing domestic market
5. Strong backward integration
6. Third largest cotton producer as well a the largest area under cultivation
7. Increasing presence across entire value chain
8. Cheap and skilled manpower
9. Sharp reduction in borrowing costs
10. Recent government efforts to promote the industry.
11. Truly vertically integrated from raw material to finished products.
12. Steadily diversified its raw material base to include man-made …show more content…
Polluting the air by pushing out ruins of chemicals. Different gases in air react with these ruins which become dangerous for human beings. No proper system to throw out the useless materials and chemicals. Most of the useless materials and acids are thrown into the fields which are react or disturb the agricultural products seriously. Since the cost of the production and labor cost are increasing day by day. That’s why the final product cost is also increasing that’s why people are buying low quality products and not spending too much to purchase. Textile companies are firing the labors and employees as well because of high production cost and salaries that’s why the unemployment rate is increasing day by day which is not good for the industry as well as for the country.
The technology has been improved and updated in the textile industry of India and some of the companies in textile industry are acquiring these technologies. By using new technology not only they improve their quality and efficiency but also improve their production as well as reducing the cost of production.
Bargaining power of Buyer:
It has been seen from last 3 years that buyers are becoming anger and having problems to purchase the desired products from textile industry of India.
The bargaining power