Tags |
|
|
Casual Articles - India: A Big Textile Outsourcing Hub
Outsourcing conjures up images of large corporate organizations and tenders for jobs such as cleaning services, facility management, etc. But outsourcing can include anything from word-processing services, database management, website content management to copy and fax services. The list is limited only by your imagination. The services outsourced by a small business will usually be provided by a business support services provider.What kind of services can a small business outsource? Whether you are a one man business running from a home based office or have your own premises with some staff, the services that can be outsourced include administrative services, event planning, accounting/bookkeeping, recruitment, payroll, procurement and so much more.The best way to find out what you can personally outsource is to keep a work diary for a few days. While this may be time consuming and tedious, it will show up all those tasks that can be performed by somebody else while you get on with the business of growing your business.The best way to find out what you can personally outsource is to keep a work diary for outsource your admin tasks a few days. While this may be time consuming and tedious, it will show up all those tasks that can be performed by somebody else while you get on with the business of growing your business.The benefits of outsourcing for a small busi
At present Indian exports of synthetic textiles to USA are rising at more than 90% yearly. It has also been observed that export growth will be striking for major MMF textile items after dismantling of quota system from 2005.
Further more, Indonesia, Korea's export of synthetic textiles are turning down compared to previous year. Manufacturing capacity of Korea has declined by more than 30% in the polyester filament sector in 2002 and in 2003 and it is expected to turn down further more, which will end with a turn down in their exports of po
I have learned that you can be introduced to almost anyone you want. It just takes a little research to find the path. If you ask everyone you know if they have any contact with a certain company, you will find that there is always someone that knows a person that works there. By contacting that person you may get closer yet. It just takes persistence. To make the gap even closer, find out what events that company is hosting in the future and see if you can get an invitation to go. At company events, the executive are usually in attendance and the introductions are easier to obtain. I believe you should never push too hard to get where you want to go. You will get there with gentle nudges as well; it just may take a little longer to get there. If you take the slower route, you will be respected for your patience (yes there is such a thing as patience in business). Pushing only ends up working against you. You can be assertive but not demanding. So now you have the introduction, your next step is to follow-up with a meeting. The point of the introduction is not to get to know each other; it is to get to the first meeting. Once you are at the first meeting, you can spend time exploring business possibilities. One way to increase the chances of meeting your target prospect is by doing some research using tools such as linkedin.com or other social networks. Al
Textile Industry is offering one of the most basic requirements of community and it possess importance; preserve continued growth for developing quality of life. From the manufacturing of raw materials to the delivery of end products, it has gain its kind of position, as a self-dependent sector and with considerable value-addition at every stage of dealing; it is a key input to the country's economy.
Today the textiles and clothing industry engages an important position in India's economy. Being the major foreign exchange earner having about 35% in its torso, contributing to about 30 % of India's exports and 14% of industrial productions, expecting above 6% GDP in 2005, and it considered as the second largest vital sector of employment initiator after agriculture sector.
Present Scenario
Under the World Trade Organization (WTO) Agreement on Textiles and Clothing, the textile quota scheme of quantitative import limitations under the multi-fiber arrangement (MFA) came to an end on 1st January, 2005, hence developing countries like India will flourish in the new competitive atmosphere and as a result, the Indian textile industry will have a stronger place in both their export and domestic markets.
All along with its usual yarn and fabrics, at present India is exporting more than 100 garment product range. Many worlds' leading brands like Banana Republic, Tommy Hilfiger, Gap, Liz Claibome, Polo etc, are sourcing products from India.
With huge investments, persistence innovations, latest product mix and planned marketing, today, India has come out as a flourishing outsourcing centre for textiles and apparel industry to meet the global requirement of the manufacturing fibers and yarns products. In a view of the rising rapport with major global brands, dismantling of quota system from 2005 era would hit upon India as a main global outsourcing hub.
Competitive advantage & possible growth in Synthetic Textiles Sector India's synthetic textile sector is relatively modern and has a high growth potential which will help India to coming out as a major outsourcing hub. With a compounded annual growth rate of more than 22% the exports of MMF textiles have stretched out to a level of US $1.62 billion in 2002-03 starting from small exports in 1954. The export growth in 2002-03 matches up to the preceding year was in the harmony of 30 percent, and the MMF textile sector is the only sector where the performance has exceeds by the target fixed for this year by US $ 115 million.
Indian synthetic textiles are more and more accomplishing new markets along with keeping the market share in the existing markets. At present Indian synthetic textile exports are targeting more than 175 countries worldwide, where Middle East accounted for over 32 percent of our exports and the share of the extremely quality conscious in European Union, approximately 23 percent.
Over the years, the Indian MMF textile sector has built-up an export base; and the share of MMF textile exports in the total Indian textile export has also been raised, the share moved up from 10.38% in 2000-01 to 11.46% in 2001-02 and more to about 14% in 2002-03.
At present Indian exports of synthetic textiles to USA are rising at more than 90% yearly. It has also been observed that export growth will be striking for major MMF textile items after dismantling of quota system from 2005.
Further more, Indonesia, Korea's export of synthetic textiles are turning down compared to previous year. Manufacturing capacity of Korea has declined by more than 30% in the polyester filament sector in 2002 and in 2003 and it is expected to turn down further more, which will end with a turn down in their exports of pol
OVERCOMING FEAR OF FIRING “It was obvious that this employee could not relate well to clients. But I could not bring myself to fire him.… and while I wavered, things only got worse for everyone in the department.” Having to fire someone is one of the most difficult actions any manager or executive may have to take. It is an action that many manager’s find endless excuses to avoid, as did the executive quoted above. Yet, in certain cases it is unavoidable. Firing is a managerial art that many otherwise successful supervisor’s neglect to develop.WHEN IS FIRING APPROPRIATE? Most people take pride in and care about their job responsibilities. There are some people, however, whose pride in their job is, unfortunately, unwarranted. Others, exist who don’t think pride enters into it — that “a job’s a job” .Still others are of the belief that they deserve a job because of their circumstances, or their longevity, not necessarily because they are working up to standard. Some people genuinely need a job, but cannot do the quality of work necessary to sustain their position. When the needs of an individual staff member come into serious conflict with the needs of the group, the manager must place higher priority on the well-being of the group. The manager must look beyond the individual needs to the survival of the organization.LAYING THE GROUNDWORK: The best method for avoiding the neg
Present Scenario
Under the World Trade Organization (WTO) Agreement on Textiles and Clothing, the textile quota scheme of quantitative import limitations under the multi-fiber arrangement (MFA) came to an end on 1st January, 2005, hence developing countries like India will flourish in the new competitive atmosphere and as a result, the Indian textile industry will have a stronger place in both their export and domestic markets.
All along with its usual yarn and fabrics, at present India is exporting more than 100 garment product range. Many worlds' leading brands like Banana Republic, Tommy Hilfiger, Gap, Liz Claibome, Polo etc, are sourcing products from India.
With huge investments, persistence innovations, latest product mix and planned marketing, today, India has come out as a flourishing outsourcing centre for textiles and apparel industry to meet the global requirement of the manufacturing fibers and yarns products. In a view of the rising rapport with major global brands, dismantling of quota system from 2005 era would hit upon India as a main global outsourcing hub.
Competitive advantage & possible growth in Synthetic Textiles Sector India's synthetic textile sector is relatively modern and has a high growth potential which will help India to coming out as a major outsourcing hub. With a compounded annual growth rate of more than 22% the exports of MMF textiles have stretched out to a level of US $1.62 billion in 2002-03 starting from small exports in 1954. The export growth in 2002-03 matches up to the preceding year was in the harmony of 30 percent, and the MMF textile sector is the only sector where the performance has exceeds by the target fixed for this year by US $ 115 million.
Indian synthetic textiles are more and more accomplishing new markets along with keeping the market share in the existing markets. At present Indian synthetic textile exports are targeting more than 175 countries worldwide, where Middle East accounted for over 32 percent of our exports and the share of the extremely quality conscious in European Union, approximately 23 percent.
Over the years, the Indian MMF textile sector has built-up an export base; and the share of MMF textile exports in the total Indian textile export has also been raised, the share moved up from 10.38% in 2000-01 to 11.46% in 2001-02 and more to about 14% in 2002-03.
At present Indian exports of synthetic textiles to USA are rising at more than 90% yearly. It has also been observed that export growth will be striking for major MMF textile items after dismantling of quota system from 2005.
Further more, Indonesia, Korea's export of synthetic textiles are turning down compared to previous year. Manufacturing capacity of Korea has declined by more than 30% in the polyester filament sector in 2002 and in 2003 and it is expected to turn down further more, which will end with a turn down in their exports of po
Black belts are to Six Sigma what main masts are to ships. Both are prime movers in their own respects. The fundamental and distinguishing personality traits of a black belt candidate are their leadership skills and brilliant overall ability. Personality traits of these candidates usually overlap the A and B types. What is more, these are devoted individuals whose pleasurable moments intersect with the success of tasks on hand.Black Belt Training For CandidatesTypically, Six Sigma Black Belt training is given over 24 days and spread over 5 months. The full course training costs up to $14,950. The objective of Black Belt training is to develop data driven and competent Six Sigma practitioners who can lead from the front. However, it goes without saying that the training can be effective for those students who are already exposed to Six Sigma environments in their work places.Objectives Of The Training CourseThe objectives of Six Sigma black belt training are to present the principles that are essential for Six Sigma implementation methodology to professionals. The training also focuses on familiarizing the participants with the tools and techniques to independently select and implement Six Sigma in their organizations. The participants are trained to be able to identify potential for improvements in terms of financial returns as a result of implementing Six Sigm
With huge investments, persistence innovations, latest product mix and planned marketing, today, India has come out as a flourishing outsourcing centre for textiles and apparel industry to meet the global requirement of the manufacturing fibers and yarns products. In a view of the rising rapport with major global brands, dismantling of quota system from 2005 era would hit upon India as a main global outsourcing hub.
Competitive advantage & possible growth in Synthetic Textiles Sector India's synthetic textile sector is relatively modern and has a high growth potential which will help India to coming out as a major outsourcing hub. With a compounded annual growth rate of more than 22% the exports of MMF textiles have stretched out to a level of US $1.62 billion in 2002-03 starting from small exports in 1954. The export growth in 2002-03 matches up to the preceding year was in the harmony of 30 percent, and the MMF textile sector is the only sector where the performance has exceeds by the target fixed for this year by US $ 115 million.
Indian synthetic textiles are more and more accomplishing new markets along with keeping the market share in the existing markets. At present Indian synthetic textile exports are targeting more than 175 countries worldwide, where Middle East accounted for over 32 percent of our exports and the share of the extremely quality conscious in European Union, approximately 23 percent.
Over the years, the Indian MMF textile sector has built-up an export base; and the share of MMF textile exports in the total Indian textile export has also been raised, the share moved up from 10.38% in 2000-01 to 11.46% in 2001-02 and more to about 14% in 2002-03.
At present Indian exports of synthetic textiles to USA are rising at more than 90% yearly. It has also been observed that export growth will be striking for major MMF textile items after dismantling of quota system from 2005.
Further more, Indonesia, Korea's export of synthetic textiles are turning down compared to previous year. Manufacturing capacity of Korea has declined by more than 30% in the polyester filament sector in 2002 and in 2003 and it is expected to turn down further more, which will end with a turn down in their exports of po
Plant Maintenance managers seek to effectively utilize existing resources to reduce operating costs and save money that increases the bottom line of the company. The role of an effective plant maintenance operation is to consistently maintain quality pollution prevention control measures at all timesThe segment of plant management that is most susceptible to pollution control fines is in the area of landscape maintenance. Each raindrop or the run off from watering that falls on impervious surfaces such as pavement, sidewalks, and roads, can mobilize pollutants on those surfaces.Everything from automobile oil and grease to trash and debris can be carried by runoff into lakes, streams, rivers and oceans. Oil and chemical spills that form on pavement pose a significant environmental threat. Oil and chemical spills run into waterways and threaten valuable ecosystems. These spills also threaten public health and safety.The following pollution control prevention principles and practices apply to most industries but the following guidelines are specific to the areas of plant maintenance. The Best Management Practice Objectives are the minimum standards that are set by the EPA. When it is possible, the company should use alternative, safer or recycled products that have the least negative environmental impact. A comprehensive plan to redirect stor
Indian synthetic textiles are more and more accomplishing new markets along with keeping the market share in the existing markets. At present Indian synthetic textile exports are targeting more than 175 countries worldwide, where Middle East accounted for over 32 percent of our exports and the share of the extremely quality conscious in European Union, approximately 23 percent.
Over the years, the Indian MMF textile sector has built-up an export base; and the share of MMF textile exports in the total Indian textile export has also been raised, the share moved up from 10.38% in 2000-01 to 11.46% in 2001-02 and more to about 14% in 2002-03.
At present Indian exports of synthetic textiles to USA are rising at more than 90% yearly. It has also been observed that export growth will be striking for major MMF textile items after dismantling of quota system from 2005.
Further more, Indonesia, Korea's export of synthetic textiles are turning down compared to previous year. Manufacturing capacity of Korea has declined by more than 30% in the polyester filament sector in 2002 and in 2003 and it is expected to turn down further more, which will end with a turn down in their exports of po
In the last five years, employee turnover has increased by more than 25 percent. Recent studies reveal that at any one time, one third of employees plan to resign within the next two years. Successive surveys in the UK of employee turnover show that in retailing, hotels and restaurants, call centers and other lower paid groups turnover is often in excess of 50% per annum.Why is this happening?Since the late 1980s when organizations began to downsize to reduce costs, employees got the message that everyone was expendable. When organizations cut back a little too much there were always other willing recruits to join. Other processes which historically reinforced the employee/employer ‘contract’, such as training and development and succession planning, were also cut back. The security of life time employment was gone and individuals learnt that ‘making their own way’ meant managing their own career first and foremost. This often meant leaving the organization to get ahead and today the most common reason people leave is to seek promotion outside the organization (53%).What to do about itNo single retention strategy will work across a diverse organization as each group of employees will have different retention issues. For instance, clerical workers may well need to feel they are ‘being treated with respect’. Management may be ‘looking for op
At present Indian exports of synthetic textiles to USA are rising at more than 90% yearly. It has also been observed that export growth will be striking for major MMF textile items after dismantling of quota system from 2005.
Further more, Indonesia, Korea's export of synthetic textiles are turning down compared to previous year. Manufacturing capacity of Korea has declined by more than 30% in the polyester filament sector in 2002 and in 2003 and it is expected to turn down further more, which will end with a turn down in their exports of polyester filament fabrics. Due to anti-dumping duty on the polyester filament fabrics obtained from Taiwan and Korea, countries like Brazil, gaining of more opportunity for India will exists as a larger synthetic fabrics exporter.
In the world, synthetic textile trade's share of India is also seeing increasing. The export share of Indian synthetic textiles in worldwide increased from 0.11% in 1971 to 1.12% in 1991 and more to about 3% in 2002. This suggests the rising performance of Indian synthetic textile items in the worldwide market.
Still there is an opportunity to explore new market segments like Latin America and Africa all along with maintaining the share in the established markets like European Union and USA. At this stage an annual growth expected to 15% for synthetic textiles and exports are expected to touch US$ 2.5 billion in 2005-05 and US$ 4.3 billion in 2009-10.
Why India has been emerging as a major BPO Centre?
Indian textile industry with its exclusive return is projected to emerge as a most important supplier to the world. The encouraging aspects, which would promote India's emergence as a BPO centre for textiles, are as follows: Strengths:
1. Low labor cost: The industry is mostly labor oriented and automation has taken place in a large amount process, hence availability of cheap labor forces.
2. Low cost of raw material: Cost of raw material sourcing is less in India due to the third largest producer of cotton in the world.
3. Huge Product Selection: Due to many ethnic fashion trends and cultural diversity, it provides more selection of products.
4. Rising domestic textile market: There is an enormous possible growth of industry due to rising incomes and middle class population.
5. Bulky exports: In overseas markets, India has been the established exporter of garments.
6. Government concentration: Textile industry has secure government consideration being a second largest employment generator, which can work for its support.
Opportunities:
1. An optimistic opportunity: International garment retailers are enthusiastic to dealing in India. Indian textile outsourcing will expand with buyers in the US, Europe and Africa due to huge support of skillful, low-cost workers and adequate raw materials availability in India. Due to cost reduction of successful supply chain management, it will expect global retailer clients like Wal-Mart, JC Penney etc. Earlier, JC Penney, international clothes retailer had sent a team to India to study the textiles industry trend and after proving benefits to them they are showing interest to double the outsourcing from India after the multi fiber agreement comes to an end. And they are optimistic and expecting the growth of Indian textiles industry.
2. Innovative opportunity : Indian Fashion Industry labeled signals of outsourcing Even, after IT and textiles, fashion outsourcing from India attracts international buyers like Saks Fifth Avenue and Browns, expecting
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/32671/casualarticles-India-A-Big-Textile-Outsourcing-Hub.html">India: A Big Textile Outsourcing Hub</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/32671/casualarticles-India-A-Big-Textile-Outsourcing-Hub.html]India: A Big Textile Outsourcing Hub[/url]
Related Articles:
Graduating From College? The Sky is the Limit
When It Comes to Your Clients, Your Marketing, and Your Business – are You Just Guessing?
Bookmark it:
|