A study of productivity and financial efficiency of textile industry of India

Abstract

The Indian textile industry is the second largest in the world second only to china. Indian textiles also account for 38 percent of the country’s total exports and are therefore, a very important industry. The forecast is that textiles exports will reach USD 35 billion by the years 2000. To sustain this growth it is imperative that the textiles industry produces goods of high quality at reasonable prices. This means that the industry must continuously moderate its machinery. Therefore, the textiles machinery industry sector has an integral role to play in the growth of India’s export Industry analysts note that textile prices are increasingly competitive worldwide as more and more developing countries enter the global textile trade. there has been a significant slow-down in the cotton spinning segment, mainly due to the spiraling price of cotton-The domestic knitting industry is characterized by small scale units which lack adequate facilities for dyeing processing and finishing the industry is concentrated in Tirupur (Tamilnadu) Ludhiana (Punjab). Tirupur produces 60 percent of the country’s total knitwear exports. Knitted garments account for almost 32 percent of all exported garments. For studying the productivity and financial efficiency of textile industries in India, seven (7) leading companies of textile industry having a large plant have been selected.

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