India and Turkey have their own advantages & disadvantages, says Raj Tilgul of Rama Dis Tic. ve Danismanlik Ltd, in an in-depth SWOT analysis of these two most important textile countries.
India and Turkey are one of the major textile producing and trading countries in the world. There is always a clash of interest as to who is going to export to whom and when, as Turkey is one way a competitor to India and on the other hand a buyer as well. Below is a detailed SWOT analysis and recommendations to both the countries or their trade associations in order to smoothen and develop sustainable trade relations.
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There is a paradigm shift in thinking of Indian entrepreneurs in last five years. They are more adaptive to new things and new technologies today. But, unfortunately our Textile Industry players have not realized the latest trends. They still continue to manufacture same age-old conventional textiles. They are hardly taking any efforts for innovations. Though Technical Textile is growing at CAGR of 20 per cent in India having huge growth potential, there is no much investment in this sector and the main reason is lack of awareness about the markets.
Founded in 2012, AUTOTECH Nonwovens is a leading manufacturer of nonwoven fabrics for the automotive industry in India. AUTOTECH Nonwovens was set up recognising the need for a focused high quality nonwovens producer in India. AUTOTECH has carved a niche for itself as a manufacturer of choice for needlepunched nonwovens in India. Ankit Desai, Director, AUTOTECH Nonwovens, speaks to ITJ’s Sr Sub Editor Karthik Muthuveeran about the market for nonwovens in India, and its prospects and problems.
Founded in 2012, AUTOTECH Nonwovens is a leading manufacturer of nonwoven fabrics for the automotive industry in India. AUTOTECH Nonwovens was set up recognising the need for a focused high quality nonwovens producer in India. AUTOTECH has carved a niche for itself as a manufacturer of choice for needlepunched nonwovens in India. Ankit Desai, Director, AUTOTECH Nonwovens, speaks to ITJ’s Sr Sub Editor Karthik Muthuveeran about the market for nonwovens in India, and its prospects and problems.
Britain’s decision to exit from the European Union is likely to heighten the uncertainty in garments and other sectors in India. Karthik Muthuveeran analyses its impact on textiles. The Brexit impact is not only limited to Britain, but also European countries. London has always acted as a financial hub, which gives access to capital markets of the world to Europe. But with Brexit, European Union will end up having a limited access to capital markets. In all likelihood, access to this market will form a key part of trade negotiations. There are as many pros as cons in Britain exiting the Europe.
The Government of India has recently announced a scheme targeting at its garment export to reach $30 billion in three years. Prime Minister Modi’s government recently unveiled a scheme with an annual outlay of about (Rs 6,000 crore that will enable the country to reach $30 billion in garment export in three years. The scheme is labour friendly and empowers women and underpriviledged working in the garment and allied sectors. In three years, the initiative is expected to attract additional investments worth $11 billion and will provide 10 million new jobs.
Founded in 2012, AUTOTECH Nonwovens is a leading manufacturer of nonwoven fabrics for the automotive industry in India. AUTOTECH Nonwovens was set up recognising the need for a focused high quality nonwovens producer in India. AUTOTECH has carved a niche for itself as a manufacturer of choice for needlepunched nonwovens in India. Ankit Desai, Director, AUTOTECH Nonwovens, speaks to ITJ’s Sr Sub Editor Karthik Muthuveeran about the market for nonwovens in India, and its prospects and problems.