Make In India
Inner Secrets|August 2019
A golden opportunity for intimate apparel industry stakeholder
The Past

It is seven decades since India has gained independence and throughout this time, there has been a significant amount of dissent and incomplete feeling about the governments and the way our leaders have shaped this nation. Despite having the best of resources, abundant manpower with high caliber skills and the right mindset, we are witness to several flaws and all sorts of protests fall in deaf ears. A classic example to our poor governance is the inability to provide basic amenities without a hitch. The cities may well be privy to it but when you look at the country as a whole, this bitter reality exists.

THE PRESENT

However, things are slowly taking a turn. With more and more awareness coming among the citizens, with social media bringing out many issues and throwing it right at the face of the administration, the consciousness to reform and make things better has risen. At a time like this, a ray of hope began to emerge in the year 2014. For the first time in the history of Indian politics, a leader emerged who strongly believed in the potential of his people and what his country can deliver when it is kept in the right path.

The new government under his aegis came up with several initiatives and the result of that was another term during the 2019 elections. The root cause for the government’s success has been the Mantra of development not just in the national level but also at an international level. Topping that list is the ‘Make In India’ initiative which drew not just a booster of patriotism but a zeal to do something and prove to the world that India as a country is not just a third world nation but a power hub that has every ingredient to become a super power on par with the developed nations.

A multipronged approach has been adopted by the government to ensure there is a uniform development of all the industries. The good part is, this time the focus has fallen on the textile industry as well. Inner Secrets brings you a deep insight on the past, the present and how steps and measures are being undertaken to ensure the textile industry achieves its goals.

‘THE ORIGIN’

Turning back the time, the history of textiles in India goes centuries back. Archaeological studies have revealed that early four thousand years ago, the people of Harappan Civilization knew how to weave and significant references have been made about weaving and spinning in the Vedic literature as well. A major share of exports used to happen to Egypt from India and a good amount of silk used to go to the western countries through the Silk Route in China. During the 17th and 18th centuries, India exported huge quantities of cotton to the western countries when the ‘Industrial Revolution’ was happening.

Over the years, the Indian textile market has spread it arms wide as it has diversified into different segments right from traditional handloom, silk products, handicrafts, wool to an organized textile industry. The hand spun and hand woven textile sectors are fast picking up with more consciousness towards ‘Make In India’ initiative and on the other end, we also have the sophisticated mills who are into mass production of textiles. Due to this, the Indian textile industry has the power and ability to cater to different market segments not just within the country but also across the globe.

‘THE STATISTICS’

Cut to the present, India is now the largest producer of garments and textiles in the world and more specifically the largest producer of Cotton and Jute. It is also the second largest producer of fibre, silk and polyester in the world and as a result, it is also the second largest employment provider in the world wherein approximately 45 million people are working in the sector. As such, the textile and apparel industry contributes to 10% of industrial production which also amounts to 2% contribution towards India’s GDP.

Currently, the Indian textile industry is estimated around $150 billion and by the year 2029 it is poised to reach $250 billion. The production of raw cotton has been growing by leaps and bounds and it is estimated to have reached 36.1 million bales in the FY 19. On the international scenario, the textile industry contributes to 27% of foreign exchange inflow along with 11% of the country’s export earnings. In the year 2018, the domestic Garments & Textile industry clocked $140 billion and in that, $40 billion worth material has been exported. Dividing it further, the textile exports stood at $22 billion while $18 billion was the apparel exports. It is expected to reach $31.65 billion in FY19 and increase to $82 billion by the year 2021.

As per the latest reports, the FDI in the garments and textile industry has gone to $3.1 billion during the year 2018-19 while the exports are touted to reach a mammoth $300 billion by 2024. The expected CAGR between 2019 and 2021 is estimated to be 26.70%. Given these stats, the experts believe by about 2021 the textile and garment industry in India would touch $223 billion whereas it stood at $137 billion in 2016. grey and green until the little firm got washed away in the waves of the 1971 war. The ruthless storm tossed them hard, and knocked them out without even giving a moment to realize or remorse. Mr. Satish Gupta had to make up the leeway by trying his hands on different things. Though his time was not right, but he kept chasing the light. After many clouds and clamours, the destiny finally smiled upon its own child. He was once again pulled into the line of bra business when his father appointed him as a subcontractor for Dora. He honed his skills and sharpened his acumen, underwent trainings and learned the technicalities. With a rekindled spirit and sparks of enthusiasm, his father built the factory brick by brick right from the scratch and Mr. Satish Gupta cemented it with his relentless efforts and untiring hard work. This second innings was also forged on the groundwork of care for quality. Infact the brand name ‘Bodycare’ was coined to epitomize their genuine effort to caress the body with good quality and super comfort.

‘THE BIG BOOST: NATIONAL TEXTILE POLICY’

With a view to boost the textile industry the then government introduced the National Textile Policy in the year 2000 and the objective was to meet the challenges of integration with the world and also come up with new reforms. As part of that, new initiatives were introduced and since then few revisions were made but not that significant. However, the latest National Textile Policy has taken few sizeable measures which is in alignment with the ‘Make In India’ initiative strongly.

Below are few points which are worth noting: -The timeline for submission of RFP for empanelment of IPs under SAMARTH scheme has been extended

-New guidelines for implementation of Central Sector Scheme "Silk Samagra"- Integrated Scheme for Development of Silk Industry for 3 years from 2017-19 to 2020 with a focus on Beneficiary Oriented Components have been introduced.

-Cancellation of RFP for empanelment of implementing Agencies/Partners for undertaking training under SAMARTH - Scheme for Capacity Building in Textiles Sector, issued on 21.05.2018.

-Extension of operation of residuary provisions of Yarn, Fabrics & Madeups Export Entitlement (Quota) Policies with effect from 1st January, 2019

-Eradicate Corruption-Build a New India (theme)-Observation of Vigilance Awareness Week in the Ministry of Textiles from 29th Oct - 3rd Nov- Circular /Information/ Integration Pledge reg. - To all CMDs/MDs of orgs. under Ministry.

-Extension of 2 per cent interest subsidy for modernizing spinning machines that are over 15 years old. This is a big move which is going to benefit the spinning sector.

-10 per cent capital subsidy for wider width fabric processing, 5 per cent interest subsidy for common effluent treatment plant, 15 per cent capital subsidy for the individual ETP and Rs 1 crore R&D assistance for ETP is another initiative which will greatly benefit the processing segments.

-Special incentives for setting up mini textile parks such as extending 50 per cent subsidy or Rs 2.5 crore per park. These incentives will help small-scale units to consolidate their capacity and modernize.

‘THE DRAGON DOMINATION’

From the time India opened up its doors and encouraged globalization, the country has seen a phenomenal rise in its productivity and standard of living. There is no doubt that this initiative has changed the face of this big nation and has put it in the race with the other developed countries but there is also a flip side to it. The invasion of foreign goods into the Indian market has given them extremely green pastures to reap huge benefits whereas it sounded a death blow to the local traders and businessmen.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM INNER SECRETSView All

ZM Enterprise

Success Lies Beyond The Risky Leaps!

4 mins read
Inner Secrets
August 2019

Vatika Mega Mart

Royalty In Retail

5 mins read
Inner Secrets
August 2019

Organic Lingerie

The Trump Card Of This Century

5 mins read
Inner Secrets
August 2019

Make In India

A golden opportunity for intimate apparel industry stakeholder

10+ mins read
Inner Secrets
August 2019

Intimasia Kolkata 4.0

The city of joy, Kolkata, witnessed a historic spectacle on 7th, 8th and 9th of August 2019, at the colossal space of Netaji Indoor Stadium, as the fourth edition of Intimasia lit the grey sky pink with its pomp and fire.

8 mins read
Inner Secrets
August 2019

Bihar

The Biggest Underdog Of India

6 mins read
Inner Secrets
August 2019

The Top 10 Leading Intimate Apparel Stores Of Gwalior

AS HISTORY BREATHES IN THE TOMBS, FORTS AND CRAFTS OF GWALIOR, THE MODERN MIND PEEPS THROUGH ITS BAZAARS. FROM CITY MALLS TO GULLY SHOPS, GWALIOR HAS IT ALL. TEASING THE BUYERS WITH ITS LIGHT AND DELICATE COTTON AND SILK CHANDERI AND MAHESHWARI SARIS, ANTIQUE JEWELLERY, HANDMADE CARPETS, WALL HANGINGS, LACQUERWARE, AND ORNAMENTS, GWALIOR PROMISES TO BE A SHOPPER’S DELIGHT. THE INTIMATE WEAR MARKET IS ALSO OOZING IN THIS PART OF THE PLANET. WITH A NUMBER OF STORES, BIG AND SMALL, HOSTING A VARIETY OF COLLECTIONS IN TERMS OF RANGE, QUALITY AND CATEGORY, GWALIOR OFFERS AMPLE OF OPTIONS FOR ONE TO PICK THEIR PERFECT UNDERCOVER. IF YOU ARE PLANNING TO CHECK OUT SOME OF THE LINGERIE COLLECTIONS IN THE FORT CITY THEN YOU MUST NOT MISS THESE TOP 10 PLACES NOT ONLY FOR THEIR COVETOUS COLLECTIONS BUT ALSO TO GET A GLIMPSE OF THE UNIQUE WAYS IN WHICH THESE TRADERS ARE RULING THE BUSINESS.

6 mins read
Inner Secrets
July 2019

Ringing The Bell Of Monsoon Sale

Finally, the rain has poured down!!! Soothing the sore bodies and breezing the burnt skin, monsoon rains have arrived to envelop the earth in tender greens. With waterfalls all around, greenery spellbound, the weather pleasant and raindrops drizzling, it calls for a perfect drive or a smooth get-away for a weekend stay. The monsoons ring in the times to relax and celebrate, go out in the nature and live a moment to treasure! After the irked mood of the summer pain is washed away by the monsoon rain, it gives the perfect opportunity to treat the shoppers with some tantalizing sales. This is the season when people either prefer to go away for a drive to catch a breath of life or they turn to their bed and spent the day in a lazy mien. Running to the retail shops to hold the glossy bags in hand while drenching in the rain or clenching the umbrella tight, is last plan one would make. Hence, it becomes very important for the retailers to up their game and for the e-tailers to add fuel to the flame to make sure the people with no plan of shopping are bound to step out and the casual visitors who were just lingering in the lingerie section comes out with a new bag in their hand or a new product in their cart.

5 mins read
Inner Secrets
July 2019

The Epic Evolution Of Consumer Behaviour

A lot has happened in the past twenty years! As the millennials took the reign in their hands, the world has experienced some seismic changes. It has boomed with a bang, internet became accessible, things got automatized, standards hiked, paradigms shifted, feminism sprouted, convenience became a way of life, time became priority and money easy. That’s not it! The more drastic and perhaps dramatic shifts are witnessed in the world of trade, specifically in the department of fashion and more atomically in the intimate wear industry. The retail stores were made to fit in the palms of consumers, information lingered in their fingertips, awareness erupted with the campaigns, posts and feeds and customers emerged as the undisputed king. The product that was once treated as the core of a company has now been replaced by the customers.

6 mins read
Inner Secrets
July 2019

Bodycare International The Roar Of Indian Intimate Wear Industry!

Amidst the explosions of the penny-pinching Indian intimate wear players and the unrestrained influx of the swanky International brands, the stunning saga of Bodycare international was weaving a new history in the golden pages of Indian intimate wear industry. It is a story of unwavering determination and resilient strife embodied in the DNA of several generations that grappled not for months or years but for decades to finally find their foot at the peak of this industry.

10+ mins read
Inner Secrets
July 2019
RELATED STORIES

Too Big. May Still Fail

As developer Evergrande faces a debt crunch, China tries to depend less on real estate

10 mins read
Bloomberg Businessweek
September 27, 2021

CHINA SETS UP PLATFORM TO POLICE GAMING FIRM VIOLATIONS

Chinese regulators have set up a platform that allows the public to report on gaming companies they believe are violating restrictions on online game times for children.

1 min read
Techlife News
September 25, 2021

THE GAME CHANGER

INSIDE DHD’S RECORD-SETTING DURAMAX

2 mins read
Diesel World
November 2021

DEATH in the STONE FOREST

Why did 21 runners die competing in an ultramarathon in China? Turns out, a freak weather event wasn’t the only problem.

10+ mins read
Men's Journal
September - October 2021

Pet Besties

Meet the winners of our first America’s Best Pet Pals contest. Warm fuzzies guaranteed!

10+ mins read
Reader's Digest US
October 2021

NUCLEAR SUBMARINE DEAL WILL RESHAPE INDO-PACIFIC RELATIONS

The U.S., Britain and Australia have announced they’re forming a new security alliance that will help equip Australia with nuclear-powered submarines. The alliance will see a reshaping of relations in the Indo-Pacific region and beyond. Here’s what it might mean for various players:

3 mins read
Techlife News
Techlife News #516

Building Community Through Education

KIRAN BIR SETHI is changing the experience of childhood in Indian cities through her education curriculum and initiatives to build healthy relationships between students and their communities. Here she is interviewed by KASHISH KALWANI.

10+ mins read
Heartfulness eMagazine
September 2021

Granny Chic Galore!

A homeowner’s holiday décor is an homage to Christmas at her grandma’s house.

5 mins read
Cottages and Bungalows
FMD Christmas 21

China's Alibaba Promises $15.5B For Development Initiatives

E-commerce giant Alibaba Group said it will spend $15.5 billion to support President Xi Jinping’s campaign to spread China’s prosperity more evenly, adding to pledges by tech companies that are under pressure to pay for the ruling Communist Party’s political initiatives.

2 mins read
AppleMagazine
September 10, 2021

U.S. COVERING UP CHINA COVID LEAK

DESPITE tons of evidence the COVID-19 virus originated in China’s Wuhan Institute of Virology, an intelligence report ordered by President Joe Biden has determined its source is “inconclusive,” leading foreign relations experts and scientists to suspect a cover-up!

2 mins read
National Enquirer
September 13, 2021