1. Impact of Recession on Export of Indian Textile Industry Under the Guidance of :- Presented By :- Mr. GautamBansalLovedeep Singh Sidhu Faculty Member, MBA 2B PCTE , Ludhiana
2. INDIAN TEXTILE INDUSTRY Textile is one of India’s oldest industry. It is the second largest employment generator . The industry uses a wide variety of fibres . India contributes to around 12 percent of the world's production of cotton yarn and textiles
3. India covers 22 percent of the global market India is known to be the third largest manufacturer of cotton across the globe . India claims to be the second largest manufacturer of yarn and textiles in the world
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5. CLASSIC WEARS PVT. LTD. Classic Wear Ltd. was established in the year 1987 in Noida Classis wears was introduced as a manufacturer of Hosiery and knitwear on January 19, 1988. Presently Classic Wears is a leading manufacturer of Knitwear for gents, ladies and kids in Northern India Classic Wears Pvt. Ltd is mainly the flat knit division of the group having a monthly production capacity of 1,50,000 pcs.
6. It is working for retailers like Pantaloon, Shoppers Stop, Lifestyle, and Pyramid. Business philosophy i.e. ‘TO GROW’ Quality policy is : “TO MEET THE COMMON PEOPLE NEEDS”
7. MISSION To give our customer a competitive advantage through superior products and services at best prices
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9. Chairman (Sh. Raj Avasthi) Director (Sh. S. R. Rupal) Director (Sh. Naresh Jain) Director (Smt. ParveenAvasthi) Manager Commercial (BhishamVerma) Production Head (Shekhar Kumar) Knitting Head (UttamChand) Packing & Forwarding (DineshBhalla) H R Dept. Time Office Security (O P Sharma) Accounts & EDP (Mr. Subash & Mr. Rajeev Jain) Store Dispatch (Munish Kumar & Joga Singh)
10. Current ratio: The current ratio is a financial ratio that measures whether or not a firm has enough resources to pay its debts over the next 12 months. It compares a firm's current assets to its current liabilities.
11. Quick ratio :- An indicator of a company’s short term liquidity. The quick ratio measures a company’ ability to meet its short term obligations with its most liquid assets. The higher the quick ratio, the better the position of the company The quick ratio is calculated as
12. Cash ratio:- The ratio of a company's total cash and cash equivalents to its current liabilities. The cash ratio is most commonly used as a measure of company liquidity. It can therefore determine if, and how quickly, the company can repay its short-term debt.
13. Debt-to-Equity ratio indicates the relationship between the external equities or outsiders funds and the internal equities or shareholders funds. It is also known as external internal equity ratio. It is determined to ascertain soundness of the long term financial policies of the company.
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15. EXPORT DATA FROM DEPARTMENT OF EXPORT GOVERNMENT OF INDIA Textiles Exports from 2006-07 to April 2008 (Value - Rs.Crores)
27. PRIMARY DATA METHOD OF PRIMARY DATA COLLECTION The method followed in obtaining the primary data was through the structured questionnaire. SECONDARY DATA METHOD OF SECONDARY DATA COLLECTION: Internet
28. Limitation Of The Study Sample size cannot always represent the whole population. Respondents can hide the real information. Time constraint.
41. 5. RESULT AND FINDING Cotton is the most exported product. America is major territory for export . Domestic market is as much strong as compare to international market
42. CONCLUSION The report shows that there has been a neutral effect of recession on exports especially in Ludhiana region. The quantified results showed that 42% of the people agree that there has been a positive attitude of govt. authorities while formulating measures to check the effects of recession.
43. There has been an effect of recession on the labor turnover. This has been made concrete as a fact after gathering the collective responses of people and getting 59% in favor of this. Although there has been a closure of innumerable units of textile export units in the region but the post recession measures have helped in standing against this global menace
