Implications of COVID-19 on Textiles Industry in India - Discovering Issues and Challenges on Demand and Supply Sides

Implications of COVID-19 on Textiles Industry in India - Discovering Issues and Challenges on Demand and Supply Sides PDF Author: Prasanna Mohan Raj
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The unexpected COVID-19 outbreak has threatened the world and derailed the socioeconomic lives of people. In this context, this study is aimed to discuss the implications of COVID- 19 in textiles sector in India along with major issues and challenges on demand and supply sides. This study determines the impact of crisis which affected demand and supply in textiles and fashion industry. COVID-19 has several implications for this industry, be it from demand or production. Its presence is observed in different aspects of the industry. This study uses secondary data collected from various sources like studies published in peer-reviewed journals. This study focuses on the need to think differently to deal with this unexpected crisis. Relaxation of tax compliance rules and deadlines, especially for small-scale segments is one of the potential solutions, so that the conditions of customer demand are not affected directly. In addition, more comprehensive financial relief package could be announced for textiles sector, considering the export- and labor-intensive processes to stem the adverse effects of pandemic. Rebates on exporters could be the next major step against the remission of taxes or duties on exports. This study was conducted during the COVID-19 crisis. More studies would be needed in post COVID era to generalize the findings. The combative measures and actual impact may be evolutionary and dynamic. The analysis focuses on the “out of the box” thinking to deal with unexpected crisis, but it may have different aspects to be discussed as the crisis unfolds. There is a lack of significant research on the impact of COVID-19 on textile industry in India. This study could be the stepping stone for researchers to study the impact on textiles sector and help policymakers to prepare for unexpected crises in future.

Implications of COVID-19 on Textiles Industry in India - Discovering Issues and Challenges on Demand and Supply Sides

Implications of COVID-19 on Textiles Industry in India - Discovering Issues and Challenges on Demand and Supply Sides PDF Author: Prasanna Mohan Raj
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Get Book Here

Book Description
The unexpected COVID-19 outbreak has threatened the world and derailed the socioeconomic lives of people. In this context, this study is aimed to discuss the implications of COVID- 19 in textiles sector in India along with major issues and challenges on demand and supply sides. This study determines the impact of crisis which affected demand and supply in textiles and fashion industry. COVID-19 has several implications for this industry, be it from demand or production. Its presence is observed in different aspects of the industry. This study uses secondary data collected from various sources like studies published in peer-reviewed journals. This study focuses on the need to think differently to deal with this unexpected crisis. Relaxation of tax compliance rules and deadlines, especially for small-scale segments is one of the potential solutions, so that the conditions of customer demand are not affected directly. In addition, more comprehensive financial relief package could be announced for textiles sector, considering the export- and labor-intensive processes to stem the adverse effects of pandemic. Rebates on exporters could be the next major step against the remission of taxes or duties on exports. This study was conducted during the COVID-19 crisis. More studies would be needed in post COVID era to generalize the findings. The combative measures and actual impact may be evolutionary and dynamic. The analysis focuses on the “out of the box” thinking to deal with unexpected crisis, but it may have different aspects to be discussed as the crisis unfolds. There is a lack of significant research on the impact of COVID-19 on textile industry in India. This study could be the stepping stone for researchers to study the impact on textiles sector and help policymakers to prepare for unexpected crises in future.

Economic and Environmental Policy Issues in Indian Textile and Apparel Industries

Economic and Environmental Policy Issues in Indian Textile and Apparel Industries PDF Author: Badri Narayanan Gopalakrishnan
Publisher: Springer
ISBN: 3319623443
Category : Science
Languages : en
Pages : 70

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Book Description
This book comprehensively reviews, as well as analyzes, various aspects related to the Indian textile and apparel industries. While the focus is on economic and environmental issues, the discussion covers a lot of policy elements. The approach is inter-disciplinary, with concepts drawn from economics, environmental science, history, chemistry, textile technology and quantitative methods/optimization literature. This book will appeal to several stakeholders such as, policy researchers, policy-makers in governmental and international agencies, academicians and students from all the disciplines mentioned above, industrialists, managers and consultants working on Indian textile and apparel sectors. It might also provoke interest among as well as agriculturalists, farm policy analysts and industrialists focusing on other products such as chemicals, plastics, machineries, etc., who are wholly or partly dependent on textile and apparel industry in India.

Cotton-Textile-Apparel Sectors of India: Situations and Challenges Faced

Cotton-Textile-Apparel Sectors of India: Situations and Challenges Faced PDF Author: Jatinder S. Bedi and Caesar B. Cororaton
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Social Science
Languages : en
Pages : 104

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Book Description


The Indian Textile and Clothing Industry

The Indian Textile and Clothing Industry PDF Author: Mausumi Kar
Publisher: Springer
ISBN: 8132223705
Category : Business & Economics
Languages : en
Pages : 113

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Book Description
This book examines the textile and clothing Industry of India and its trade scenario from a global perspective. New developments in international policies related to trade and investment and falling barriers to trade worldwide as well as within individual regional communities have transformed the structure of production and global competition in the textile and apparel industries across the world. Furthermore, with the incorporation of textile trade in the GATT framework following the removal of quantitative restrictions, and the subsequent liberalization of investment opportunities, the Indian market is now home to several international brands, which has led to the present upsurge of FDI in this very important sector of the Indian economy. The book closely examines the nature and impact of such external changes on the industry’s structure and labour-related issues. The key feature of this book is that it presents a snapshot of all the domestic and international policies related to this sector, from the earliest relevant period to the present, and analyses the topical issues in significant detail. The book also offers some empirical analyses to show the impact of external changes on the concentration of firms in this industry and the regional inequalities that have emerged from regional variations in firms’ employment, labour-income and profit levels. Further, it addresses another striking feature, namely the role of preferential trading blocs or Regional Trading Arrangements (RTA) in creating trade-diverting effects related to this sector apart from the implications of foreign collaborations and cross-border mergers and acquisitions. Many economists fear that the benefits of these RTAs for the partner countries are much greater than those for India, with net gains of incremental exports from India being small or even negative. This book discusses these critical issues in the context of India’s textile and apparel trade.

Coping with Global Institutional Change

Coping with Global Institutional Change PDF Author: Preet S. Aulakh
Publisher: Cambridge University Press
ISBN: 1009276298
Category : Political Science
Languages : en
Pages :

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Book Description
Increased governance of international trade through supra-national institutions such as the World Trade Organization (WTO) has meant that national trade and organisational strategies need to be compatible with the norms of global institutions. Global institutional change impacts national economies and necessitates adaptation in ways that balance adherence to emerging norms while maintaining broad socioeconomic national objectives. This book focuses on two sector-specific global institutional changes initiated and implemented by the WTO in 2005 and examines how India's textile and pharmaceutical industries coped with these changes through coordinated efforts in the multi-level national institutional system comprised of the state, industry and individual business organisations. The findings of the book, which show both convergence and divergence across the two industries in the processes and outcomes of dealing with global institutional change, would be of interest to national policymakers as well as to scholars in multiple disciplines interested in the study of institutions and institutional change.

How India Clothed the World

How India Clothed the World PDF Author: Giorgio Riello
Publisher: BRILL
ISBN: 9004176535
Category : History
Languages : en
Pages : 524

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Book Description
Cloth has always been the most global of all traded commodities. It is an illuminating example of the circulation of goods, skills, knowledge and capital across wide geographic spaces. South Asia has been central to the making of these global exchanges over time. This volume presents innovative research that explores the dynamic ways in which diverse textile production and trade regions generated the first globalization . A series of experts connect this global commodity with the dramatic political and economic transformations that characterised the Indian Ocean in the seventeenth and eighteenth centuries. Collectively, the essays transform our understanding of the contribution of South Asian cloth to the making of the modern world economy.

A Study of India's Textile Exports and Environmental Regulations

A Study of India's Textile Exports and Environmental Regulations PDF Author: K.S. Kavi Kumar
Publisher: Springer
ISBN: 9811062951
Category : Business & Economics
Languages : en
Pages : 163

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Book Description
This book examines the interplay between trade and the environment, with a focus on the Indian textile sector. While it is often claimed that developed countries’ non-tariff trade measures adversely affect the trade prospects of developing countries, establishing that claim systematically is a challenging task. This book examines the dilemma on the basis of various approaches, including a primary survey of different stakeholders and the large-scale modelling of the economy-environment inter-linkages. The interplay between the costs involved in meeting environmental regulations and the potential price-premiums that the cleaner products would get in the international market is analysed in order to assess the future trade prospects for Indian textiles. In addition, the book provides a comprehensive overview of the present scenario of the Indian textile sector. Accordingly, it will be of great interest to researchers, policy makers and graduate students specializing in environmental economics, development economics and international economics.

Fashion, Product Design and Technology—Challenges and Opportunities

Fashion, Product Design and Technology—Challenges and Opportunities PDF Author: Dr. V.R. Sampath
Publisher: Allied Publishers
ISBN: 9389934494
Category : Business & Economics
Languages : en
Pages : 244

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Book Description
Textile Industry is the second largest employer in India. Globally the Textile market is of USD 1.82 Billion. India is the 3rd largest exporter of textiles and apparels and shared 4% global trade in 2021–22. In this scenario, cluster of apparel, garment and fashion plays the poster representative role for textile industry. Therefore, scope, challenges, technological difficulties & advancements all some way or other affect the major portion of textile industry. The best way to identify the problems and opportunities of garment and fashion related industries and best solution for them is the intimate collaboration between the academia and industry. In this book the highlights of industrial bottlenecks, novel ideas, and current innovations of garment and textile industry are demonstrated through selected papers. Key take outs: 1. Recent developments in garment ornamentation, product design and assessment techniques are portrayed through 6 paper collage. 2. Innovation in textile chemistry and amalgamation of nature with textile chemical processing are documented through 9 papers. 3. In the last 10 paper segment of textile engineering & management, innovation and existing knowledge bases are plated for the readers.

The COVID-19 Pandemic, India and the World

The COVID-19 Pandemic, India and the World PDF Author: Rajib Bhattacharyya
Publisher: Taylor & Francis
ISBN: 1000463060
Category : Business & Economics
Languages : en
Pages : 426

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Book Description
This book analyses the economic and social impact of the Covid-19 crisis with special focus on India. It examines the economic disruption caused by the pandemic, policy responses to it and the prospect of a severe global recession. It also covers how the pandemic has contributed to considerable suffering among the masses and affected socio-cultural relationships, behavioural patterns and psychological attitudes governing human interaction. A topical and timely collection on the pandemic, the essays in the volume discuss several key themes which include, · The Corona pandemic and the changing global economy; growth, trade and macroeconomic recovery; · Public health and policy failures; appropriate policy response; · Impact on education; guidelines for the future; · Idea of economic herd immunity; impact of India’s lockdown, crisis of the migrant labourers; · Impact on agriculture, industry, firms, households and the informal sector; · Implications of digital technology for production, labour and labour relations; · Violence amidst the virus; Covid 19 and Hindu- Muslim conflict in India, domestic violence, questions of occupation, identity, gender and vulnerability; · De-globalisation and environmental challenges in the post-Covid era. Engagingly written, this comprehensive volume compiles original research by leading economists from India and abroad. It will be useful for scholars and researchers of economics, of the Indian economy, development economics, development studies, labour studies, public policy, public administration, governance, sociology and political economy.

Textile Industry of India and Pakistan

Textile Industry of India and Pakistan PDF Author: Milan Sharma
Publisher: APH Publishing
ISBN: 9788176489584
Category : Textile industry
Languages : en
Pages : 414

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Book Description
This Book Analyses The Dynamics Of India`S And Pakistan`S T & C Exports To The European Union, Maintains That The Two Countries Export Potential To The Eu Is Not Fully Tapped, And Identifies The Product In Which Potential Exists For Future Growth.