CHAPTER 1 INTRODUCTION
Leather and leather products industry has been recognized as one of the interesting sector having the advantage of both value addition and export potential. The Industry holds a prominent place in the Indian economy. With an annual turnover of over US $12 billion, the export of leather and leather products has increased manifold and recorded a cumulative growth rate of around 13.10% in 5 years.
Leather Industry, being an employment intensive sector provides job to about 2.5 million people, majorly from the weaker sections of the society. The share of women employment is pre-dominant to 30% in leather Industry.
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• To measure the productivity and competitiveness of Leather Industry.
• To develop SWOT analysis for identifying the areas requiring policy interventions.
• To provide recommendations to improve the export competitiveness of leather industry in India.
Methodology
The methodology adopted for the present study is based on review and analysis of published data and literature related to the sector to understand the growth and development of Leather Industry in India during Plan XII. The published data on Leather an leather Products sector shall be compiled from DGFT and annual survey of industries and export-import data from the website of DGFT.
Indian leather industry employees 4 million people and has an abundant access to cheap raw material and skilled labour in the domestic market. These are some of the important factors Indian Industry may rely upon to face the competition from International market in near future.
The global players like US and Europe have shown a considerable interest in Indian leather Industry. Thus, Indian leather industry has the great potential to develop and become a large scale employment generating
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The gross value added figures have been deflated by using the Whole-sale price index to eliminate the price effect from the increasing value added. Since, 2004-05 base prices cover all category of products from the segment has been considered the price index for leather & leather products from WPI.
Growth rate analysis of Leather Industry
Following table represents the period wise growth rate analysis of organized sector of leather Industry.
Indicators Period I(2008-15) Period II(2008-11) Period III(2011-15) Compound Annual Growth Rate, CAGR (%)
Gross value added(at constant prices) 8.93 8.1 8.53
Value of output(at constant prices) 3.19 7.09 4.05
Number of Factories 8.21 26.47 .10
Number of Workers -1.95 -9.21 1.89
Note: Labor Productivity has been estimated as GVA/Number of workers
Estimated value of output has been found continuously increasing during the liberalization period. In spite the fact that eighties were a decade of better industrial growth the leather industry did not perform well resulting in negative growth
Jane Collins’ book Threads: Gender, Labor, and Power in the Global Apparel Industry is a presentation of the evolution of the industrial globalization of the apparel industry. Although the book presents some good information in regards to globalization of the apparel industry it is rather outdated now. However, this is due to the large number of campaigns bringing awareness to the problematic nature of sweatshops since this book was released. The book is heavily biased in regards to the presentation of the repressive nature of the apparel industry against women. This could have been the result of the expertise of the author making it hard to present a more balanced perception. However, the broad focus of the book makes it a good starting point for anyone who is looking to gain general knowledge into the apparel industry.
Gabon’s labor force works in three sectors, agriculture, industry and commerce, and services. Even though agriculture supplies only 8% of the GDP it makes up 65% of the labor force. Workers raise foods such as; cassava, plantains, sugarcane, corn (maize), peanuts (groundnuts), bananas, palm oil, and cacao.
The Global Apparel Manufacturing industry contains men’s, women’s, and children’s apparel. This industry includes manufacturers that purchase fabrics and make fabrics themselves with certain facilities. The key economic drivers of this industry are GDP of BRIC nations, Global per capita income, GDP, World price of cotton, and Global population. The industries that supply Global Apparel Manufacturing are Global Agriculture, Hunting, Forestry, and Fishing. The Demand Industries that feed off of Global Apparel Manufacturing are Global Wholesale and Retail Trade, Global Department Stores, and General Merchandise Stores. The main activities of the Global Apparel Manufacturing industry are winter clothes
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
...ricultural Sector (% of Total Nonagricultural Employment)." Data. N.p., n.d. Web. 03 Feb. 2014. .
Only in April 2007, there has been a growth of 13,2% with respect to April 2006. The medium high cylinder capacity segment is the one showing highest growth. These data show the great economic potential of the ...
be the increase in jobs. Creation of new jobs will take place in the manufacturing
Introduction India is the world’s second most populated country with over 1.2 billion people. Since its independence from British rule in 1947, the country has been more or less a stable democracy. Until 1991, Indian governments imposed economic austerity and its markets were comparatively closed to the world. Economic reforms in 1991 brought about a change which made India an attractive and huge market for multinational corporations from all over the world (Joshi 8). Retail industry within a globalized world is one of the most thriving and profitable sectors.
xi. Decades of insulation from the world markets has also not helped jewellery design evolution in India. India is by far behind Hong Kong, Italy and Germany in terms of jewellery design. This is another roadblock to exports. WGC has therefore introduced international jewellery designing competitions among the Indian artisans.
The shift to a free trade regime in the textile industry was good for Bangladesh. Bangladesh prospered when other economies were not t doing so well. The textile industry greatly increased causing it to become a major reason as to why the economic has continued to increase. Increasingly bring in billions and billions from exports between 2006 to 2012 like the book mentions.
The textile industry is one of the largest industrial sectors in Indiaand plays an important role in Indian economy.Denim production is one of the major sub-sectors in the textile industry. The denim products are some of the most highly used in textile clothing, with continuousfashion use and consumer preference, especially by young people. A recent survey by Cotton Inc1.,showed thatthe global denim jeans market is projected to grow 8 percent, from $55 billion in 2015 to $59 billion by 2021, with Latin America and Asia expected to lead the increase. The projected growth is expected to be 12 percent in Asia, 15 percent in Latin America, 10 percent in North America and 4 percent in Europe over the next six years. In 2015, close to 1.9 billion units of denim jeans were sold in the world and by 2021 yearly sales of jeans will cross two billion units. In India, Historically, denim has been one of the fastest-growing apparel fabric segments, having grown by 500 million
The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10 per cent of the country’s Gross Domestic Product (GDP) and around 8 per cent of the employment. India is the world’s fifth-largest global destination in the retail space.
From 2005 the textile segment has been made up of 2 companies, transforming raw materials into fabrics, from spinning to finishing and ennobling. Handicraft product quality and technological research development characterize this business segment which works with internationally recognized names of the apparel and fashion industry.
This also covered living room furniture. The Indian demand for living room furniture has enjoyed steady growth over the years. In the year 2006, the Indian furniture industry was estimated at around Rs 35,000 crores. Indian Furniture Industry is a highly unorganized sector. The furniture industry in India employs a total of around 300,000 workers and the total production of furniture in 2001-02 was USD 3580 million.
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...