Group Members.ppt Eco

7/30/2019 Group Members.ppt Eco

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Names roll no

Pradnya P. Patil 06

Rohit Murugkar 26

Smita K. Kamble 33

Niharika C. Binju 43

Pooja P. Narawade 44


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Employment generator

Independent Industry

National Textile Policy


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Strengths

Rich in resources

High man power

Garment industry

Exporter of yarn

apparel industry

Weakness

Lack of Technological Development

Lack of trade membership

Poor labour law

Lower productivity

Dependent on cotton

Opportunities

Growth rate

Market

New market Development

Threats

Competition

Elimination of quota system

Threat to traditional markets


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1997 Asia attracted almost half of the total

capital inflow

Growth rate of GDP 8-12%

Criticism by economist Paul Krugman

Thailand's economy developed into a bubble

fueled by "hot money

crony capitalism


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On other hand US economic started

developing

Growing export to china

Improper policies

Withdawal of money


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Reduction in value of

currencies

Businesses collapsed

Millions of people fell

below the poverty line

in 1997

1998


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Currency

Exchange rate

(per US$1)

Change Country

GNP (US$1 billion)

Change

June 1997 July 1998 June 1997 July 1998

Thai baht 24.5 41 40.2% Thailand 170 102 40.0%

Indonesian rupiah 2,380 14,150 83.2% Indonesia 205 34 83.4%

Philippine peso 26.3 42 37.4% Philippines 75 47 37.3%

Malaysian ringgit 2.5 4.1 39.0% Malaysia 90 55 38.9%

South Korean won 850 1,290 34.1% South Korea 430 283 34.2%
http://en.wikipedia.org/wiki/GNPhttp://en.wikipedia.org/wiki/Thai_bahthttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Indonesian_rupiahhttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Philippine_pesohttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Malaysian_ringgithttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/South_Korean_wonhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Korean_wonhttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysian_ringgithttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Philippine_pesohttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesian_rupiahhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thai_bahthttp://en.wikipedia.org/wiki/GNP


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Potential threats in this

market

Nature of commodity sold

Buyers profile


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Problem of wagesand job

Demand recessionand steep fall inyarn export

15 per cent increasein power charges

Cash flow problem

Recession in domestic

and overseas market

Spinning industrydependent on export

market


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Pradyuman Chatterjee, Vidya Rao and Mrinal Haldarconducted the studies on Indian Textile Companies.

Study of Demand , Supply and Cost Conditions to

come up with a plausible solution.

Study of Power Mills, Power looms andHandlooms.


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The Short Run Supply Function :-30+10P

The Total Demand Function :

70-5P

Where P= Price in

Rupees

The Average Constant Cost= Rs. 7 per metre.


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Constant Cost Situation: Perfectly competitive

industry with a horizontal long-run industry

supply curve causes no change in production

cost or resource prices.


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Increase in demand for Indian textiles andgarments.

Lowering of customs duties on imported textile

machinery.

Reduced government restrictions on the import

of the used capital goods.

The reduced cost of the used equipment which

makes textile manufacturing operations more

viable.


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During October 2008, total output of the textilesector came down by 10%.

Investments in textiles were also decreasing,

ultimately affecting the profitability of the industry.

Some biggest apparel companies in India,

located in Ludhiana in Punjab generating has

suffered a 50% loss in sales especially theexports during 2008.

Textile industries are running on 75% of their

capacities, or have reduced their three shifts into

one.


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launched February, 2000

The mission comprises of four mini missions


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Issues of raising productivity

Improving quality

Reducing the cost of production


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Ensuring attractive returns to thefarmers

Pay integrated attention to all aspect

of cotton cultivation and utilization.


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Initiated in 1999 as a 5-year project


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Reduce production costs Improve profitability of mills.

Improve quality

More price-competitive

Domestic market


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5% interest reimbursement on the normal interest rate

charged by the lending agency on rupee-term loan.

Varying rates of capital subsidy on the purchase of new

equipment & machinery.


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Funding to private handloom entrepreneurs, cooperatives,

NGOs, minimum of 10 handlooms housed in a common

work area.

Textile units are eligible under the TUFS for soft-loans for

modernising their operations through nationalized banks.


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Definition:

A perfectly competitive industry with a

negatively-sloped long-run industry supply

curve that results because expansion of the

industry causes lower production cost and

resource prices.


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