International labor and Environmental Laws. Market is gradually shifting towards Branded Readymade Garment and has opportunity in foreign market and domestic market. Chapter 4: Presenting the Global Outdoor Clothing Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis. Indian textiles also account for 38 percent of the country’s total exports and are, therefore, a very important industry. Textile industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. The textile industry also suffered because of the high cost of raw cotton. more than 2%. Now, the Government has gradually eliminated these restrictions, by bringing down import duties on capital equipment, offering foreign investors to set up manufacturing facilities in India. Indian fabric is in demand with its ethnic, earthly colored and many textures. It is one of the largest manufacturing employers in Hong Kong, with 524 establishments and 3,118 workers as of Dec 2019. Here’s what you need to know. Sometimes they’re less flashy, like the uniforms we wear to work each day. It is much lower, what Many people believed the withdrawal from The information has been sourced from various authentic and reliable sources like books, newspapers, trade journals and white papers, industry portals, government agencies, trade associations, and monitoring industry. Athletic Apparel Industry Analysis 1. It also has a huge impact on the availability and willingness of individuals to work. Why the slightly negative connotations of PEST have proven to be more popular than STEP is not known. However, an outline of VAT is being implemented in place of all other tax diversifications, which will clear these imbalances once it is imposed fully. The Working Group on Textiles & Jute Industry for the 11th Five Year Plan (2007-2012) has studied the major problems being faced by the textile industry which include: The Government has undertaken a series of progressive measures like introduction of Technology Mission on Cotton (TMC), Technology Upgradaiton (sp) fund Scheme (TUFS), Scheme for Integrated Textile Park (SITP), reduction in customs duty on import of state-of-the-art machinery, Debt Restructuring Scheme, setting up of Apparel Training and Design Centers (ATDCs), 100% Foreign Direct Investment in the textile sector under automatic route, setting up of National Institute of Fashion Technology (NIFT) etc, for upgrading and strengthening the textile sector in India. industry and Chinese fashion industry, theories such as PESTEL Analysis and Porterâs Five Forces Analysis are applied. state. STEEPLE analysis- Social/Demographic, Technological, Economic, Environmental, Political, Legal, Ethical. A number of checklists have been developed as ways of cataloguing the vast number of possible issues that might affect an industry. She should use technology to recover the environment and become a role model The industry has the potential of attaining $34bn export earnings by the year 2010. 20 countries. The slant cut that will be producing a readymade garment will sell at a price of 600 Indian rupees, making the value addition to be profitable by 300 %. years. rate is over; we won’t see many changes soon. 2. Disclaimer: This is an example of a student written essay.Click here for sample essays written by our professional writers. Abundant Raw Material availability that helps industry to control costs and reduces the lead-time across the operation. research and development institutes, and they are always in a consistent effort It has been pointed out that among these PESTEL factors, presently the environmental factors and social factors of business ethics are posing a serious threat to the sustainability of fast fashion model of the fashion industry. Every industrial developed faces PEST analysis (STEP analysis)- Political, Economic, Sociological, Technological. The textile industry is the largest industry in terms of employment economy, expected to generate 12 million new jobs by 2010. Indian Textile Industry is an Independent & Self-Reliant industry but government stated strong labor laws for this industry. At present, the textile industry is undergoing a substantial re-orientation towards other then clothing segments of textile sector, which is commonly called as technical textiles. 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