Page 27 - IIMV Vibes 2020_4th March 2021_Final

Market Structure &
Competitive Landscape
The Indian Textile Industry is highly
fragmented and has unevenly dispersed
development, which lacks universal skill
standards. In terms of the type of
production, it is classified as follows:
India is the world’s largest producer and
consumer of jute and jute goods. The
majority of the jute production in India
takes place in the Eastern states of West
Bengal, Tripura, Assam, Meghalaya,
Odisha, and Bihar. India is the second-
largest producer and the largest
consumer of silk. In recent times, the
production of man-made fibers is also
witnessing increased capacity additions.
Based on the raw material and the level
of mechanisation used, processed fabrics
are classified as cotton, blended and
100% non-cotton.
Based on the capacity of production and
structure, the textile industry is classified
as:
The unorganised sector accounts for 97%
of the total fabric production, while the
organised sector contributes only 3-4%.
Power looms contribute nearly 60% of
the processed fibers, and ready-made
garments segment rely extensively on
power looms for their fabric needs.
There are around 2.7 million registered
power looms in India. The Handloom &
Handicraft segment has high export
value and generates foreign currency for
the Indian economy.
Growth Drivers
Technology Driving the
Textile Industry
Of late, we have got used to the phrase,
“Change is the new normal”. It was a realist
grasped by the Indian Textile Industry long
ago. To survive in the ever-changing,
dynamic environment (domestic as well as
international), the industry adapted to
bring out innovations. Apart from the
“Survival of the fittest” theory, the purpose
of innovation is as follows:
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