Shape up your internet identity with ‘.clothing’ domain name

Commercialization and promotion of your product line over the internet has given global exposure to your products. In the current scenario, internet marketing is considered imperative for both strategic as well competitive advantages. It plays a significant role in expansion of marketing operations. It simply brings companies and industries of different stature on the same platform by giving them the access to mass market.

Adding a feather to this, there has been a considerable development in the current domain for the textile industry. Owing to this, the current internet domain names will soon be hinged by a list of exclusive domain name. There is a huge list of domain name that include the specific one “.clothing” for the textile and apparel industry.

Earlier there have not been specific domain names, but more of generic names such as .com, .org, .net and .info etc. There has been a gigantic development in the Domain Name System (DNS) which represents one of the greatest changes to the Internet since its inception. This information has been supplemented by the International Corporation for Assigned Names and Numbers (ICANN), the organization that oversees the web-address system.

According to ICANN, the domain address “.clothing” will revolutionize the textile industry by making it more consumers friendly. The domain name ‘.clothing’ is expected to have substantial insinuations for apparel retailers and consumer brands, as it would give them more choice in shaping their Internet identity.

In the current scenario, a huge majority totaling to 78 percent of the over 143 million registered domain names are in .com category followed by others in incomparable lesser percentage. It is expected that the new domain names will make Internet addresses more assorted and diverse. It would also be a boon over the current non- descriptive offerings.

According to the experts, the new system of domain name allotment would usher in a new era of branding opportunities and open up a plethora of marketing prospects. The new top level domain name system will be beneficial for both bricks-and-mortar and online retailers.

Thematic Block Printing Park at Jaipur to create a benchmark in CEPT

Being the second largest industry with a major contribution in the GDP of the country, the textile sector is one of the major employers and contributes to 14% of the manufacturing value. It has a major raw material and textile manufacturing base. It is also the largest single industry in India and among the biggest in the world accounting for about 20% of the total industrial production. It provides direct employment to around 20 million people.

The textile industry is one of the oldest industries in India, having a dominant place in the national economy, and accounts to around of one- third of our gross export earnings and provides gainful employment to millions of people. They include cotton and jute growers, artisans and weavers who are engaged in the organized as well as decentralized and household sectors spread across the entire country. 

Adding a jewel to this crown of high production sector is the new thematic block printing park set up at Jaipur. This is sure to create a benchmark in the textile industry as a common effluent treatment plant (CEPT). The park is said to achieve zero discharge, and recycle and reuse around 90% of waste water. This plant with a capacity of 5 lack Litre has been backed and funded by the European Union with the vision of promoting sustainable development for the sector.

The Jaipur Integrated Texcarft (JITPPL) which has been set up under the SITP scheme that draws 40% subsidies from the Centre. The craft had been struggling after the court’s order to put an end to the industry's contagious effects on water and its depletion. The Switch Asia program of the European Commission has provided a sigh of relief with a grant of 15% of the investment to the units that are operating in the area.

The Switch Asia Program is already associated with 16 craft clusters and 30 textile parks in the country. With the second phase of the Go Green Program the project will employ lusters in Rajasthan like Pali, Churu, Jodhpur and Bagru. 

The main aim of the program would be to develop an extensive knowledge of the cluster and create linkage of various policies and provide access to financial resources.

Indian textiles expands with significant impact on the US markets

The Indian textile industry has had a long and distributed history in the Indian sub-continent. It ranks amongst the leading textile manufacturing countries in the world and has always made its significant contribution among the top apparel and textile exporters to the key US market. Not just this it is also a major employer in the country being the second largest employer after agriculture and providing the basic necessities of life and hence supporting its role in the country’s economic growth. 

 

India’s textile industry contributes about 14 per cent to industrial production; 4 per cent to the country’s gross domestic product (GDP); 17 per cent to its export earnings. It is also the source of direct employment for over 35 million people. The growth possibility and future prospects can be realized with supply of abundant raw materials, healthy foreign direct investments (FDI) and a government willing to invest ensures a bright future for India’s textile sector. 

 

Taking on a good advantage of a weakening rupee and improving signs of a pick-up in the US economy, India's textile and apparel exports to the American markets were secured at the third position for the first seven months of 2013, right after China and Vietnam. This was pegged at a growth rate of 4 percent for this period as against the 3 per cent growth in overall imports into the US. Also tapping on the current trends, the Indian Textile industry is expected to touch US$ 220 billion by 2020, according to estimates by a reputed industry. It is also estimated that Also, India has the capacity to improve its textile and apparel share in the world trade from the current 4.5 per cent to 8 per cent and reach US$ 80 billion by 2020.

Tapping on the source of raw materials, India's main growth had been coming from home textile supplies, which include intermediates such as yarn, fabric and made-ups. India has the advantage of abundant resources of raw materials and is one of the largest producers of cotton yarn in the world and there are good resources of fibres such as polyester, silk, viscose, etc. 

 

With the current development trends on the mark and keeping investments and funding to the optimal levels will ensure robust and holistic growth of the Indian Textile industry.

India and the prospects of making a career in Textile Industry

According to recent global textile reports, India has emerged as one of the most preferred destination for global brands and their counterparts. This will likely create better employment opportunities in the country and provide the much required financial strength to the palpable economy. The strong foot holds of textile industry and increasing no of foreign key players investing is a clear indication, that India has tremendous scope in this sector. But the success story of this resilient sector dates back to the year 1991, with the onset of economic liberalization of Indian economy, this unorganized industry started shaping up and gradually stood to be the second largest employment generating sector after Agriculture for both skilled and unskilled labors in the country.

Since then the industry has proven to be the backbone of the economy. It was recently when the Apparel Export Promotion Council Chairman A Sakthivel said that India's garment industry has its inherent strengths in terms of design and raw material.

The brands from around the world are looking forward to invest and start sourcing from India. India not only is the second largest Employment provider within the country but evolved as third largest exporter of garment to Australia and has all the potential to boost the business further. The Australian garment export apparel market is expected to be as huge as $5.61 billion and if experts are believed India can tap it easily. As, India's apparel exports to Australia in 2012 were around $111 million.

"Australia is the focus country for us, considering that India and Australia are at an advanced stage of negotiations for a Free Trade Agreement and also the Australian buyers wanting to reduce their over dependence on China," said Sakthivel in a press meet recently .

The coveted position that India holds globally is the result of key research institutes like, Northern India Textile Research Association (NITRA. It stands to be one of the prime textile research institutes in the country. The textile industry and Ministry of Textiles, Govt. of India jointly established NITRA in 1974 for conducting applied scientific research and providing support services to Indian textile industry. The organization is situated in a 50 acre land at NCR Ghaziabad, near national capital New Delhi.

To know more about NITRA, Visit http://nitratextile.org/

The Potent Policies and the Textile Sector II

As we have already discussed in our previous blogs http://bit.ly/1cg2n6w how The Indian Government has asserted and led Textile industry to be one of the largest employment  provider and a crucial contribute to the G.D.P of the country. This blog is dedicated to some other schemes that promoted and  and tremendously helped shaping and stabilizing Textile sector in the time of Global-deficit.

Integrated Textile Parks, 2005

The scheme was introduced to neutralize the weakness of fragmentation in the various sub-segments of the textile value chain and unavailability of quality infrastructure.

The Eleventh Five Year plan (2007-2012) outlay for the textiles and apparel sector was fixed at US$2.91 billion IE. (INR 140 billion), which is almost four times the outlay fixed during the tenth Plan—US$0.74 billion.

The ministry of textile has always been very resilient in framing responsible policies about planning, development, export and import limit, export promotions and all trade regulations in this sector. This includes all natural and man-made fiber used for clothing, textile and handicraft purpose.  The key area of all textile policy remains:

Technology advancement

enhancement of productivity
quality consciousness
strengthening and increasing the raw material base
product diversification
financial support
generating better and more employment opportunities

Technology mission on Cotton (TMC) 2000:--- The scheme was introduced to address concerns around cotton production and processing sectors and to place the cotton economy on a sound footing. It was initially to be phased out at the end of the Tenth Five Year Plan (2002-07). However the scheme mini plan was extended to the eleventh year plan to meet the targets and provide the desired results.

Jute Technology Mission (JTM) 2006:--- This program has resulted in improved yield and quality of jute fiber. It was instituted with an aim of strengthening the existing infrastructure for the development and supply of quality seeds. Its the results of this mission and other counterparts that the supply of the quality raw materiel to the jute industry comes at reasonable price. This scheme has modernized, upgraded, and improved the overall processing of jute industries.

To read more, Visit http://bit.ly/195xhPy

Let's have a look: The Potent Policies and the Textile Sector

The formidable growth of Textile Sector in mushrooming the number of employment generation opportunities and providing economic stability is exemplary. Textile industry in India is a structural wonder, as it has proven crucial for the country since it was established back in 1991.

Textile is one of the oldest industries and has a considerable presence in the national economy as it contributes a major portion to the GDP of the country. It also contributes about 15 per cent of manufacturing value-addition, accounts for around one-third of our gross export earnings and provides gainful employment to millions of people. It also contributes to nearly 30% of the total exports and is the second largest employment generator after agriculture. Government initiatives has played a key role in symbolizing and establishing this industry as a primary monetary institution and contributor.

The blog discusses some of the crucial initiative that government has taken to boost this industry in the recent  years.

·         Other than allowing 100% FDI (Foreign Direct Investment) in textiles under the automatic route. The Government introduced Welfare schemes, under which the Government provides Health and Life insurance coverage to 161.10 million weavers and ancillary workers under the hand loom weaver s comprehensive welfare scheme, while 73000artisans were provided health coverage under the Rajiv Gandhi Shilpi Swasthya Bima Yojana.

·         The Credit Guarantee program introduced by the Government has applied credit cards to more than 25,000 artisans to promote and enable them with necessary supplies. More than 16.5 million applications were received for issuing Credit cards which are under banks' consideration with regards to the credit linkage program.

·         The Government of India has taken an extraordinary step to waive a package of US$ 605 Million which remain as an overdue loan on Textile industry. This is expected to benefit more than 300,000 hand loom weavers of the industry and 15,000 cooperative societies.

·         The newly announced 40 Textile Parks all across the country that as per expectation would be functional in next 36 months would leverage employment o more than 400,000 textile workers. The product mix of these parks would include garment, silk, technical, textile, carpet, processing and power loom parks.

Other than these schemes a great Memphis is laid upon skill development. The E-marketing platforms too have been introduced for the same.

An insight of the Textile industry and the Policies Framed

Textile industry remains the second largest employment generating sector after Agriculture for both skilled and unskilled labors in the country. According to a survey, the sector straight away provides employment to over 35 million people within the country. Though, was once unorganized but it completely changed after India economy opened to liberalization. The strong domestic and foreign demand of fiber has enormous helped this sector to flourish. And today, India earns an approx of 30% of its total foreign exchange through textile exports.

The Government has readily prepared a robust model to encourage, promote and produce the Textile and the opportunities availability in the sector. The Export Policies are revised in the budget every five year including Foreign Trade Policies. This also includes the various incentives under focus market scheme and Focus Product Scheme including several others.

Below discussed are various schemes and promotions, brought in effect by the Government if India for textile sector.

• Other than allowing 100% FDI (Foreign Direct Investment) in textiles under the automatic route. The Government introduced Welfare schemes, under which the Government provides Health and Life insurance coverage to 161.10 million weavers and ancillary workers under the hand loom weaver s comprehensive welfare scheme, while 73000artisans were provided health coverage under the Rajiv Gandhi Shilpi Swasthya Bima Yojana.

• The E-Marketing platforms recently developed by the Central cottage Industries corporation on India (CCIC), and the Handicraft and Handloom Exports Corporation of India (HHEC) has significantly helped in simplifying marketing issues. And various marketing initiatives are being taken in order to push and promote niche handloom products.

• Skill Development, A great emphasis has been laid on skill development in 12^th Five Year Plan, an integrated skill development scheme was introduced in this Five Year Plan that aims at training 2.675, 000 people within the next 5 years. The scheme would cover all sub sectors of the textiles and apparels, handicrafts, hand looms, jute and Sericulture.

Other than this, The Government has also promoted Credit linkages, Financial Package for waivers of overdues and Textile parks.The sustainable growth this industry has witnessed in decades has tremendously boast and strengthen our economy. To keep it in the lineage the Government and the private sector has great role to play.

Source: http://bit.ly/15EXtek