Textiles and Apparel March 220313

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11

For updated information, please visit www.ibef.org

Textiles and ApparelMARCH

2013



22

Contents

Advantage India

Market overview and trends

Growth drivers

Success stories: Raymond, Alok Industries

Opportunities

Useful information



2013



33

Textiles and Apparel

For updated information, please visit www.ibef.org ADVANTAGE INDIA

Advantage India

MARCH

2013

Advantage

India

• Increased penetration oforganised retail, favourabledemographics ,and risingincome levels to drive textiledemand

•

Growth in building andconstruction will continue todrive demand for non-clothing textiles

• Over USD35 billion ofinvestments have been madein the textile and clothingsector during the last four years, with the cotton textilesegment accounting foraround 75 per cent

• Abundant availability of raw materials such as cotton, wool, silkand jute

• India enjoys a comparativeadvantage in terms of skilledmanpower and in cost of productionrelative to major textile producers

• 100 per cent FDI (automatic route) isallowed in the Indian textile sector

• SITP was approved in July 2005 tofacilitate setting up of textiles parks with world class infrastructure

• Free trade with ASEAN countries• will boost exports

Market

Value:

USD223

billion

2021E

Market

Value:

USD89 billion

2011

Source: Technopak, Aranca Research

Notes: SITP - Scheme for Integrated Textile Park, FDI - Foreign Direct Investment,

2021 E - Estimated figure for 2020; ASEAN - Association of Southeast Asian Nations

Robust demand Increasing investments

Competitive advantage Policy support



44

Contents

Advantage India


Growth drivers


Opportunities

Useful information



2013



55For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS


• NTC started sellingfew mills to private

businesses in 2005

• SITP was

implemented to

facilitate setting upof textile units with

appropriate support

infrastructure

• Post MFA cottonprices are aligned

with global prices

• Technical textileindustry will be a

new growth avenue

• In 1999, TUFS was set

up to provide easy

access to capital fortechnological up-

gradation

• TMC was launched to

address issues relatedto low productivity

and infrastructure

• In 2000, NTP wasannounced for the

overall development

of the textile andapparel industry

• Number of mills

increased from 178

in 1901 to 417 in 1945

• Out of 423 textilemills of the

undivided India,

India received 409after partition and

the remaining 14

went to Pakistan

• The first cotton

textile mill of

Mumbai wasestablished in 1854

• The first cotton mill

of Ahmedabad wasfound in 1861; it

emerged as a rival

centre to Mumbai

2000 onwards

1951-2000

1901-50

1854-1900

Notes: NTP - National Textile Policy, NTC - National Textiles Corporation,

TUFS - Technology Upgradation Fund Scheme, TMC - Technology Mission on Cotton

MARCH

2013

Evolution of the Indian textile sector



66For updated information, please visit www.ibef.org

Segments in the textile and apparelsector

MARKET OVERVIEW AND TRENDS


→ The textile and apparel industry can be broadly divided into two segments:

→ Yarn and fibre (including natural and man-made fibre as well as yarn)

→ Processed fabrics (including woolen textiles, silk textiles, jute textiles, cotton textiles and technical textiles),

readymade garments (RMGs) and apparel

Key segments of the textile industry

Process

Output

Raw

materialGinning Spinning

Weaving/

KnittingProcessing

Garment/

Apparel

production

Cotton,

jute, silk,

woolFibre* Yarn Fabric

Processed

fabric

Final

garment/

Apparel

• Woollen textiles• Silk textiles

• Jute textiles

• Technical textiles

Yarn and fibre segment

Source : Aranca Research

Note: * - Including cotton, jute, silk, wool and manmade fibres

MARCH

2013


http://slidepdf.com/reader/full/textiles-and-apparel-march-220313 7/4077For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS

Source: Textile Ministry, Aranca Research


Key Facts

MARCH

2013

→ The fundamental strength of the textile industry in India is its strong production base of wide range of fibre / yarns

from natural fibres like cotton, jute, silk and wool to synthetic /man-made fibres like polyester, viscose, nylon and

acrylic

→ India is the world’s second largest producer of textiles and garments

→ 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

→ India accounts for about 14 per cent of the world’s production of textile fibres and yarns (largest producer of jute,

second largest producer of silk and cotton; and third largest in cellulosic fibre)


http://slidepdf.com/reader/full/textiles-and-apparel-march-220313 8/4088For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS

The sector has been posting healthy growth over the years

→ Textile plays major role in the Indian economy

→ It accounts for 27 per cent of foreign exchange

inflows

→ It has a share of 14 per cent in industrialproduction

→ It is the largest source of employment

generation in the country

→ The size of the Indian textile market in 2011 was

USD89.0 billion; the market is expected to record a

CAGR of 10.1 per cent over 2009-21

India's textile market size (USD billion)

Source: Technopak, Ministry of Textiles, Aranca Research

Note: CAGR - Compound Annual Growth Rate, E - Estimated


7078

89

223

2009 2010 2011 2021E

MARCH

2013




Shares in India’s textile and apparel sector in 2011

Source: Technopak, Aranca Research

Note: NIFT - National Institute of Fashion technology


69%

31% Apparel

Textile

MARCH

2013

→ Apparel constitute a large share in the overall sector

→ In 2011, apparel had a share of 69 per cent of

the overall market; textiles contributed the

remaining 31 per cent

→ To improve technical skills in Apparel industry

government established 75 Apparel training

and design centre across India

→ National Institute of Fashion Technologies

played pioneering role in growth of Apparel

industry and exports

→ To promote Apparel exports 12 locations has

been approved by the government to set up

Apparel parks for exports

Market share: Apparel has the largershare




Cotton production over the past few years has been volatile

Production of raw cotton (million bales)

Source: Ministry of Textiles, Aranca Research


Note: CAGR - Compounded Annual Growth Rate

one Bale - 217.7 kilo gram

P - Data for FY12 is provisional

28.0

30.729.0

30.5

33.9

35.3

FY07 FY08 FY09 FY10 FY11 FY12P

MARCH

2013

• Raw cotton and man-made fibres are the major segments in this category

• Raw wool and raw silk are the other components - their production levels are much lower

→ Production of raw cotton grew to 35.3 million bales in

FY12, up from about 28.0 million bales in FY07

→ During this period, the CAGR in production was 4.7

per cent; annual growth in FY12 was at 4.1 per cent

→ Of the total amount of raw cotton produced in the

country, 25 million bales were used up in domestic

consumption while 8.5 million bales were exported






Cotton is the major segment in both yarn and fabric … (1/2)


Production of yarn (million tonnes)


Note: P - Data for FY12 is provisional


2.8 2.9 2.9 3.13.5

3.1

1.0 1.1 1.01.1

1.21.2

1.4

1.5 1.41.5

1.51.5


Cotton Yarn Other Spun Yarn Manmade Filament Yarn

MARCH

2013

→ Production of yarn grew to 5.8 million tonnes in FY12

from 5.2 million tonnes in FY07, a CAGR of 2.4 per

cent

→ Cotton yarn accounts for the largest share in total

yarn production; in FY12 the segment’s shareamounted to 53.6 per cent




Cotton is the major segment in both yarn and fabric … (2/2)


Fabric production (million sq mtr)


Notes: Sq Mtr is Square meter,

P - Data for FY12 is provisional


26,238 27,196 26,898 28,914 31,718 30,593

19,545 21,173 20,534 23,652 22,563 22,377

6,8826,888 6,766

7,767 8,278 8,394


Cotton 100% Non Cotton Blended

MARCH

2013

→ Fabric production rose to 61,364 million sq. metres in

FY12 from 52,665 million sq. metres in FY07, a CAGR

of 3.1 per cent

→ The major segment is cotton yarn which accounted for

50 per cent in FY12




India's textile trade (USD billion)


Note: P - Data for FY12 is provisional

Exports have posted strong growthover the years


17.619.1

22.1 21.222.4

27.8

33.2

2.7 2.8

3.3 3.53.4 4.2 5.2

FY06 FY07 FY08 FY09 FY10 FY11 FY12P

Exports Imports

MARCH

2013

→ Exports have been a core feature of India’s textile and

apparel sector, a fact corroborated by trade figures

→ Exports grew to USD33.2 billion in FY12 from USD17.6

billion in FY06, a CAGR of 11.2 per cent

→ FY12 was a particularly good year for the

sector with exports shooting up by an annual

rate of 19.4 per cent




Shares in India’s textile exports (FY12)


Note: Others include coir & coir manufacturers and jute


39%

34%

17%

3%3% 4%

Readymade

Garment

Cotton Textiles

Man-made textiles

Handicrafts

Silk & Handloom

Woolen & others

MARCH

2013

Readymade garments and cottontextiles dominate exports

→ Readymade garments was the largest contributor to

total textile and apparel exports from India in FY12*;

the segment had a share of 39 per cent

→ Cotton and man-made textiles were the major

contributors with shares of 34 per cent and 17 percent, respectively




Key players in the industry


Company Business areas

Welspun India Ltd Home textiles, bathrobes, terry towels

Vardhman Group Yarn, fabric, sewing threads, acrylic fiber

Alok Industries LtdHome textiles, woven and knitted apparel

fabric, garments and polyester yarn

Raymond LtdWorsted suiting, tailored clothing, denim,

shirting, woollen outerwear

Arvind Mills Ltd

Spinning, weaving, processing and garment

production (denims, shirting, khakis andknitwear)

Bombay Dyeing &Manufacturing Company

Ltd

Bed linen, towels, furnishings, fabric for suits,shirts, dresses and saris in cotton and

polyester blends

Garden Silk Mills Ltd Dyed and printed fabric

Source:

Annual Reports, Aranca Research

MARCH

2013




Notable trends in the Indian textilesector


Increasing

investment in TUFS

• The Ministry of Textiles is encouraging investments through increasing focus on

schemes such as TUFS and cluster development activities

• Investments under TUFS increased to USD600 million in FY11, with spinning

accounting for the largest share

Multi-Fibre

Arrangement (MFA)

• With the expiry of MFA in January 2005, cotton prices in India are now fully

integrated with international rates

Public-Private

Partnership (PPP)

• The Ministry of Textiles commenced an initiative to establish institutes under the

public-private partnership (PPP) model to encourage private sector participation in

the development of the industry

Technical textiles

• Technical textiles, which has been growing at around twice the rate of textiles for

clothing applications over the past few years, is now expected to post a CAGR of

20 per cent over FY11-17


MARCH

2013



1818

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Growth drivers


Opportunities

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2013

MARCH



1919For updated information, please visit www.ibef.org GROWTH DRIVERS

Strong

government

support

Inviting Resulting in

Growing demand Policy supportIncreasing

investments

Rising demand in

exports

100 per cent FDI in

textile sector

Growing domesticand foreign

investments

Increasing

demand in

domestic market

Government

setting up SITPs

and Mega Cluster

Zones

Commitment of

USD140 billion of

foreign

investments

Growing

population driving

textile demand

Increasing loans

under TUFS


Government

investment

schemes (TCIDS

and APES)


Note: TCIDS - Textile Center Infrastructure Development Scheme, APES - Apparel Park for Exports Scheme

MARCH

2013

Strong demand and policy supportdriving investments

MARCH




FY13 UnionBudget

Stress onmechanisation

Infrastructuresupport

Financialpackage

• Financial package of

INR38.8 billion (USD809

million) for waiver of loans

for handloom weavers andtheir cooperative societies

• INR5.0 billion (USD100

million) pilot scheme

announced for promotion

and application of geo-

textiles in the North

Eastern Region

• Automatic shuttleless looms

fully exempted from basiccustoms duty of 5 per cent

• Automatic silk reeling and

processing machinery as well

as its parts exempted from

basic customs duty

• Mega handloom clusters to

be set up in Andhra Pradesh

and Jharkhand

• Power loom mega cluster to

be set up in Maharashtra

• Three Weaver’s Service

Centres (one each in

Mizoram, Nagaland and

Jharkhand) to be set up for

providing technical support

to poor handloom weavers


2013

Continued support to the textile sectorby the government in the FY13 budget

MARCH




Changing demographics has alsocontributed significantly to the sector

GROWTH DRIVERS


Source: IMF, Aranca Research

Note: F - Forecasts

→ By 2010, India’s population had close to doubled

compared to figures 30 years before

→ The IMF expects India’s population to touch 1.31

billion by end-2017

→ India’s growing population has been a key driver of

textile consumption growth in the country

→ It has been complemented by a young population which

is growing and at the same time is exposed to changing

tastes and fashion

→ Complementing this factor is rising femaleworkforce participation in the country

India‘s population in billions

0.68

0.84

1.02

1.19

1.31

1980 1990 2000 2010 2017F

MARCH

2013

MARCH





Rising incomes and a growing middleclass have been the key demand drivers

Source: IMF, McKinsey Quarterly, Aranca Research

Notes: E - Estimates, F - Forecasts

→ Rising incomes has been a key determinant of domestic demand for the sector; with incomes rising in the

rural economy as well, the upward push on demand from the income side is set to continue

→ A rising middle class has also a ided demand growth for the sector; the size of the middle class is forecasted

to rise to 550 million by 2025 from more than 50 million in 2011

Strivers:

annual

income

INR500,000 -

1,000,000

Seekers:

annual income

INR200,000 -

500,000

Deprived annual

income

<INR90,000

Aspirers:

annual

income

INR90,000 -

200,000

Globals:

annual

income

>INR1,000,00

00

10

20

30

40

50

60

70

2005 2010 2015 2020 2025

million

households

Strivers Seekers Deprived

Trends in per-capita income in India

-5%

0%

5%

10%

15%

20%

25%

30%

0

500

1,000

1,500

2,000

2,500

3,000

2000 2002 2004 2006 2008 2010 2012F 2014F 2016F

Per capita income, USD, LHS Annual growth rate, RHS

MARCH

2013

Changing economic fortunes by income segments

MARCH





Growing textile exports from India (USD billion)


→ Capacity built over years has led to low cost of

production per unit in India’s textile industry; this has

lent a strong competitive advantage to the country’s

textile exporters relative to key global peers

→ The sector has also witnessed increasing outsourcingover the years as Indian players moved up the value

chain from being mere converters to vendor partners

of global retail giants

→ The strong performance of textile exports is reflected

in the value of exports from the sector over the years;

In FY12, textile exports jumped by 19.4 per cent to

USD33.2 billion

→ In the coming decades, Africa and Latin America

could very well turn out to be key markets for Indian

textiles

19.2

22.221.1

22.4

27.8

33.2


MARCH

2013

Exporters gaining from strong globaldemand

T il d A lMARCH





Source: Ministry of Textiles, Techtextil , Aranca Research

→ The major service offerings of the technical textile

industry include thermal protection and blood-

absorbing materials, seatbelts and adhesive tapes

→ Technical textile industry market is expected to

expand at a CAGR of 20 per cent during FY11-17 toreach a value of USD31.4 billion in FY17 from USD12.6

in FY11

→ Healthcare and infrastructure sector are the major

drivers of the technical textile industry

→ The government has also supported the technical

textile industry during the Union Budget of FY13 with

an allotment of USD1 billion for the SMEs in the sector

and an exemption in custom duty for raw materials

used by the sector

12.6

31.4

FY11 FY17E

Technical Textile Industry (USD billion)

Note: SME - Small and medium enterprises

MARCH

2013

Technical textile industry - A new arenaof growth

T il d A lMARCH





Technology

Upgradation Fund

Scheme (TUFS)

• TUFS infused an investment of more than USD43 billion until June 2010; another

USD3.3 billion has been allocated for the 12th Five Year Plan

• Investment was made to promote modernisation and upgradation of the textile

industry by providing credit at reduced rates

National Textile

Policy - 2000

• The policy was introduced for the overall development of textile industry

• Key areas of focus include technological upgrades, enhancement of productivity,

product diversification and financing arrangements

Foreign Direct

Investment

• FDI of up to 100 per cent is allowed in the textile sector through the automatic

route

Scheme for

Integrated Textiles

Parks (SITP)

• SITP was set up in 2005 to provide necessary infrastructure to new textile units;

under SITP, 40 projects (worth USD900 million) have been sanctioned

• The planned outlay for the textiles and apparel sector under the 11th Five Year Plan

(20012-17) was USD2.9 billion

MARCH

2013

Policy support has been a key ingredientto growth

T il d A lMARCH





Name of SEZ

and statusState

Area

(hectares)Sector Details

Mahindra City

SEZ(Functional)

Tamil Nadu 607.1

Apparel and

fashionaccessories

Mahindra City is India’s first integrated business city, divided into

business and lifestyle zones. It is a cluster of three sector specific SEZs in

Tamil Nadu, for apparels and fashion accessories; IT and hardware; andauto ancillary. The business zone provides plug-n-play working spaces.

This zone comprises a SEZ (primarily for exporters) and domestic tariffarea (DTA) for companies targeting domestic market

Surat Apparel

Park(Functional)

Gujarat 56.0 Textiles

Key industrial units include Safari Exports, Venus Garments, Benchmark

Clothings, P. K. International, Tormal Prints, J.R. Fashion and GangaExport

Brandix IndiaApparel City

(BIAC)(Functional)

Andhra

Pradesh 404.7 Textiles

BIAC is an integrated apparel supply chain city, managed by Brandix

Lanka Ltd. It aims to be a end-to-end apparel solution provider

(KIADB)

(Functional)Karnataka 16129.0 Several sectors

Karnataka Industrial Areas Development Board (KIADB) is a wholly owned infrastructure agency of Government of Karnataka. Till date,

KIADB has formed 132 industrial areas spread all over the state

Source : Aranca Research

Note: KIADB - Karnataka Industrial Areas Development Board, SEZ - Special Economic Zone

MARCH

2013

Textile SEZs in India

T il d A lMARCH



27

Source: Aranca Research,

Note: All figures as of 2011-12

Major Textile and Apparel zones

NORTH: Kashmir, Ludhiana and

Panipat account for 80 per cent

of woollens in India

EAST: Bihar for jute, parts of

Uttar Pradesh for woollen and

Bengal for cotton and Jute

industry

WEST: Ahmedabad, Mumbai,

Surat, Rajkot, Indore and

Vadodara are the key places

for cotton Industry


SOUTH: Tirpur,Coimabtore

and Madurai for hosiery.

Bengaluru, Mysore and

Chennai for Silk

MARCH

2013

For updated information, please visit www.ibef.org GROWTH DRIVERS

Key textiles and apparel zones in India

T il d A lMARCH





→ M&A activity in the sector has been picking up pace over the years; in fact, within January 2000 to June 2011,

482 M&A deals took place and the trend has continued in FY12 as well

→ The six major M&A deals* are listed below

Sources : “M&A,” Thompson ONE Banker, Grant Thornton, CMIE, Aranca Research

Notes: * - The value for 290 deals were not disclosed

MARCH

2013

M&A scenario - details

Period: 1 January 2000 to 1 September 2012

Top 6

dealsAcquirer Name Target Name

Deal size (USD

million)

1 Madura Garments Pantaloon Retail 333.3

2 Himachal Fibres Balmukhi textiles Pvt Ltd. NA

3 BR Machine Tools Pvt Ltd Bombay Rayon Fashions Ltd 721.1

4 Group of investors Provogue (India)Ltd 526.9

5 M C Spinners Pvt. Ltd Maxwell Industries8.47

6 Grasim Industries Terrace Bay Pulp 360

M&A activity up in the sector

T til d A lMARCH





→ 100 per cent FDI is approved in the sector

→ Cumulative FDI in the sector during April 2000 to

August 2012 stood at USD1.2 billion

→ The textiles industry in India is experiencing asignificant increase in collaboration between global

majors and domestic companies

→ International apparel giants like Hugo Boss, Liz

Claiborne, Diesel, Kanz and many others have

already started operations in India

Source: Ministry of Commerce and Industry, Aranca Research

Trends of FDI in textile industry (USD million)

9

40

90

130

190

160

140129

165

FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12

MARCH

2013

Foreign investments flowing into thesector



3030

Contents

Advantage India


Growth drivers


Opportunities

Useful information



2013

T til d A lMARCH



3131

1925 1958 1964 1968 1990 1996 2000 2002 2006 2007 2008 2010 2011 2012

For updated information, please visit www.ibef.org SUCCESS STORIES: RAYMOND, ALOK INDUSTRIES

Raymond: A long journey of success

Textiles and Apparel 2013

Fabrics

Wheel, tyre and

axle plant (railways)

Alloy steel

Iron making and

castings

Organic growth in

textiles

Acquisition of

ColorPlus - 2002

1980

Transformed into

industrial

conglomerate

JV with GAS in

India - 2007

1964Vertical

integrationin multi-fibres

Capacity of 40

MM - 1996 FY06

USD364

million

turnover

FY12

USD758

millionturnover

Apparels

Woollen outerwear

Corporate wear

Furnishings

Retail

670 outlets

currently and plans

to add another 500

outlets by 2015

T til d A lMARCH



3232

1986 1988 1990 1992 1993 1995 2003 200 4 2006 2007 2008 2010 2011 2012


Alok Industries: Integrated textilesolutions


SUCCESS STORIES: RAYMOND, ALOK INDUSTRIES

2013

Cotton and

Blended Yarn

Wheel, tyre and

axle plant (railways)

Alloy steel

Iron making and

castings

Organic growth in

textiles

JV with NTC -

2008

2007

ISO Accreditations

Plans to enter in

technical textilesand special

textiles market

1995*

Financial andtechnical

collaboration

through JV

Acquisition of QS

to gain retailholding in the UK

- 2007

FY04

USD208million

turnover

FY12

USD1.8

billion

turnover

Apparel Fabric

Embroidery

Garments - Woven

& Knitted

Home Textile

Polyester Yarn

Notes: NTC - National Textile Corporation

*In 1995 Alok industries had sets up financial and technical collaboration with Grabal, Albert Grabher GmbH & Co of

Austria to make embroidered products through a joint venture company, Grabal Alok Impex Ltd



3333

Contents

Advantage India


Growth drivers


Opportunities

Useful information



2013




3434For updated information, please visit www.ibef.org OPPORTUNITIES

Opportunities … (1/2)

• The Indian textile industry is

set for strong growth, buoyed

by both strong domesticconsumption as well as

export demand

• For the near term (2012), the

sector is valued at USD110

billion by the Confederation

of Indian Textile Industry

(CITI)

• Estimates by the Alok

Industries Ltd put the sector

market value at USD220

billion by 2020

• The Central Silk Board sets

targets for raw silk

production and encouragesfarmers and private players

to grow silk

• To achieve these targets,

alliances with the private

sector, especially major

agro-based industries in pre-

cocoon and post-cocoon

segments has beenencouraged

• For the textile industry, the

proposed hike in FDI limit in

multi-brand retail will bring inmore players, thereby

providing more options to

consumers

• It will also bring in greater

investments along the entire

value chain - from agricultural

production to final

manufactured goods

• With global retail brands

assured of a domestic

foothold, outsourcing will also

rise significantly

Immense growth potential Private sector participation in

silk production


Proposed FDI in multi-brand

retail




3535For updated information, please visit www.ibef.org OPPORTUNITIES

Opportunities … (2/2)

• With consumerism and

disposable income on the rise,

the retail sector has

experienced a rapid growth inthe past decade with several

international players like

Marks & Spencer, Guess and

Next having entered Indian

market

• The organised apparel

segment is expected to grow

at a compound annual growthrate (CAGR) of more than 13

per cent over a 10-year period

• The CoEs are aimed at

creating testing and

evaluation facilities as well as

developing resource centresand training facilities

• Existing four CoEs, BTRA for

Geotech, SITRA for Meditech,

NITRA for Protech and

SASMIRA for Agrotech, would

be upgraded in terms of

development of incubation

centre and support fordevelopment of prototypes

• Fund support would be

provided for appointing

experts to develop these

facilities

• The government is taking

initiatives to attract foreign

investments in the textile

sector through promotional visits to countries such as

Japan, Germany, Italy and

France

Retail sector offers growth

potential

Centers of Excellence (CoE) for

research and technical training Foreign investments


Notes: BTRA - The Bombay Textile Research Association; SITRA - South India Textile Research Association, NITRA - Northern India Textile ResearchAssociation, SASMIRA - Synthetic & Art Silk Mills Research Association

2013



3636

Contents

Advantage India


Growth drivers


Opportunities

Useful information



2013




3737For updated information, please visit www.ibef.org USEFUL INFORMATION

Industry Associations


The Textile Association (India) (TAI)

72-A, Santosh, Dr M B Raut Road, Shivaji Park, Dadar, Mumbai - 400 028

Telefax: 91-22-24461145

Website: ww w.textileassociationindia.org

The South India Textile Research Association (SITRA)

13/37, Avanashi Road, Coimbatore - 641 014, Tamil Nadu

Phone: 91-422-2574367, 6544188, 4215333Fax: 91-422-2571896, 4215300

E-mail: [email protected]

Website: www.sitra.org.in

Northern India Textile Mills’ Association (NITMA)

121, Gagandeep Building (First Floor), 12, Rajendra Palace, New Delhi - 110 008

E-mail: [email protected], [email protected]

Website: www.nitma.org

2013





Glossary … (1/2)

→ BTRA: Bombay Textile Research Association

→ CAGR: Compound Annual Growth Rate

→ FDI: Foreign Direct Investment

→ FY: Indian financial year (April to March)

→ GOI: Government of India

→ INR: Indian Rupee

→ NITRA: Northern India Textile Research Association

→ NTC: National Text iles Corporation

→ NTP: National Textile Policy

→ SASMIRA: Synthetic & Art Silk Mills Research Association

→ SEZ: Special Economic Zone

→ SITP : Scheme for Integrated Textile Park

USEFUL INFORMATION






Glossary … (2/2)

→ SITRA: South India Textile Research Association

→ TUFS: Technology Upgradation Fund Scheme

→ TMC: Technology Mission on Cotton

→ USD: US Dollar

→ Conversion rate used: USD1= INR48

→ Wherever applicable, numbers have been rounded off to the nearest whole number

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2013



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Date post:	02-Apr-2018
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