Indian Technical Textile Industry: Will it have a swift take off?

Will the Indian textile industry be able to take off now, or will it only be a
Dawdling progress?

During the past few years, market for
Technical textiles has been sizzling at the global range. The industry is growing at a
Very fast pace, especially in the Asian region. In India, the potential of this segment is
Still untapped. India has the capability to become a leader in the manufacture and trading
Of technical textiles with a potential to acquire 10% share in the global market. Despite
The rosy hopes, the industry is foretelling, investments in India continue to remain a
trickle

Indian Technical textile sector

Recent figures of the revenue generation of technical textiles industry amounts to Rs.260
Billion. Industry analysts positively assert that the growth of the industry will thrive to
Reach around Rs.520 billion in the next 3 to 4 years. Consumption of non-woven is expected
To grow from 100 gm to 250 gm by 2012 in tune with the increase in GDP

Growth of technical textiles in India can be augmented with various programmes of national
Mission and encouraging foreign direct investments. The Government and Union Textile
Ministry is showing interest in this lucrative and fully unexplored sector. The Government
of Gujarat state in India has announced special subsidies regarding the same. In the
Industrial Policy-2009, the Government of Gujarat has announced 6% interest subsidy on plant
And machinery for technical textile. Adding to this, the Central Government is also giving
10 % credit-linked subsidy and 5% interest subsidy

To get a more precise idea about the industry happenings, Fibre2fashion spoke with Mr. Chandan Chatterjee,
Director, iNDEXTb. He remarked that almost 10 to 15 technical textile units are on
Starting stage, with some companies functioning already. According to Mr. Chatterjee, the
total investments in this sub-sector are expected to touch Rs 12 billion in Gujarat
Alone

He further added, “Center for Excellence in Technical Textiles is likely to be set up in
Surat very soon for which details are been worked out by the Government of Gujarat in
collaboration with South Gujarat Chamber of Commerce and Industries (SGCCI). These units
will manufacture medical textiles, parachute textile, geo-textiles, laminated fabrics
, fabric material for bullet proof jackets and for applications in agriculture,
automobile and packaging”

Industry experts further state that there have not been many happenings in the industry
apart from South India. They have also identified four sectors of the technical textile
Industry that require immediate attention. They are meditech, geotech, protech, and
agrotech

Constraints for the Industry

4)Almost 85-90% of the fibres used in the industry are synthetic, and specialty fibres
which has to be only imported

5)There is lack of awareness among the entrepreneurs, and consumers regarding the
Market size, domestic and global scenario of the sector

6)Marketing is one of the main focus areas which need to be worked upon. Despite the
Fact that the Government is taking appropriate actions and coming up with new subsidies, and
Policy measures, still there is lack of results due to less focus on the marketing
Part

With tremendous growth in manufacturing and retail sectors and Government policies geared
Up, India is posed to have a double digit growth in this segment. Technical textile sector
has numerous end use applications with various items of the industry developing gradually in
The country. However, there is less awareness among the prospective entrepreneurs and
Consumers

The global nuclear industry is expected to witness a significant number of planned plant shut downs in the years ahead, either because the life spans of the presently operating reactors are coming to an end or because of forced closures. This number is expected to be around 100 over the next few decades. However, the years 2014 and 2016 will see an increased number of planned shut downs, with 10 closures in each year.

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The planned shut down of commercial nuclear power plants will have tremendous impact on the power industry globally. It is expected that around 100 of the presently nuclear power plants will be shut down in the next few decades, reducing the installed nuclear power capacity by more than 50 GWe.

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Unfortunately, the immediate future of the RV Industry is not looking bright. I am afraid there will still be a few more RV Manufacturers going out of business. Once the dust settles, the RV Industry will start to slowly grow once again and yes, people will start to buy RVs again.

I am going to use the example of the Dot Com Bubble burst of 2000 and 2001 to try to explain what has happened to and what is going to happen to the RV Industry. You are probably asking yourself “What the heck does the Dot Com Bubble Burst have to do with the RV Industry?” stick with me here it will all make sense at the end (I hope).

In the late 90s more and more people were getting on the internet. Some retailers and entrepreneurs saw the internet as an opportunity to start selling tons of merchandise. So they started up a bunch of websites selling everything from pet supplies to music CDs. The philosophy of some of these dot-coms was “If we build a website people will come and buy all of our stuff”. So the dot-coms starting borrowing millions of dollars from the banks and went public with their stock so they could build their websites. The stocks kept soaring and the dot-coms kept borrowing more and more money to add on to their websites and advertise them. There was only one problem; a lot of these dot-coms were making no money at all.

In fact there became a glut of dot-coms on the internet all spending millions on their websites to sell their stuff. These dot-coms knew they couldn’t fail, after all it was the internet and everybody was making millions of dollars on the internet weren’t they?

Well, all the sales didn’t come in as expected, in fact some of these dot-coms never made a profit the whole time that they were in business. Now the banks were getting worried about some of these dot-coms, because loan payments were not being made on a timely basis and some of the banks started to call-in some of the loans. Now the shareholders were getting worried because of lack of sales and profits, defaulted loans, bad business practices, etc and they started selling off their stock like crazy and stock prices plummeted and lot of the dot-coms went belly up (out of business).

Here are just a few of the dot-coms that went out of business, Beyond.com, Boo.com, Pets.com, KOZMO.com, eToys.com, eXcite.com and so on and so on. But wait if you search the internet you can still find some of these websites, “What’s up with that?” Well, some of the other dot-coms that did not go out of business bought their names and are using them.

Now there were some survivors of the Dot-Com Bubble Burst such as eBay.com, Amazon.com, Travelocity.com and Yahoo.com to name a few. It took these survivors awhile to get back on track, but they are now flourishing.

So what went wrong? Rather than trying to figure out what the consumer really wanted, the dot-coms adopted the philosophy of “if we build it they will come” and if they don’t come, we will just borrow more money and make our website bigger and advertise more until they do come. It never dawned on the dot-coms that not all of the internet visitors were ready to buy stuff on-line, because they were not sure how secure their transactions would be (there was no consumer confidence).

These dot-coms also ignored the fact that were lots of other websites that were selling the same stuff they were and that these other websites actually understood what the internet consumer wanted. These other websites were doing a better job at customer service, etc. These big dot-coms just ignored the fact that there were too many websites selling the same stuff and ended up going out of business.

Does any of the above sound familiar? During the 90s and into the 2000s many of the RV manufactures increased production and opened new factories as a result of strong RV Sales. Of course a lot of the manufacturers had to get loans to continue their expansions. According to the Recreational Vehicle Industry Association RV sales peaked in 2006 at about 390,000 vehicles. Some of the RV Manufacturers were caught by surprise when RV sales started to decline in 2007.

Then came the volatile fuel prices which caused a lot of potential RV buyers to steer clear of buying “fuel-guzzling” RVs. To be honest, there really has not been a major improvement in fuel mileage in the motorized RV category for the past two decades. Now, if the fuel prices were not enough to hurt the RV Industry, the housing loan debacle sure was. Lending institutions were being hit hard by subprime loan defaults. So their reaction was to tighten up the loan market making it harder for someone to buy a “luxury item” such as an RV.

Then to put the final nail in the coffin of the RV Industry the stock market decided to make a “major price correction” in other words the stock market plummeted. This price correction affected a lot of “baby boomers” financially. Since baby boomers are the major buyers of RVs it also affected the RV Industry. Because the RV industry was too slow to react to the economic downturn, they produced too many RVs that were not selling, creating the new RV glut that we have now. So the RV Industry has gone from “feast to famine” in 2 1/2 years.

So, as you see there are quite a few similarities between the Dot-Com Bubble Burst of 2000 and 2001 and the RV Bubble Burst of 2008 and 2009. Just like the Dot-Com Bubble Burst there will be survivors of the RV Bubble Burst. The number of RV Manufacturers that survive is yet to be determined as we are in the middle of the RV Bubble Burst. But there will be survivors.

What will happen to the RV Industry in the future is going to be in the hands of the surviving RV Manufacturers. All of the surviving RV Manufacturers by default will have larger market shares of RV sales then they had prior to the bubble burst. Some will come back quicker than others. Some may even start to look at the future and build some innovative motorized RVs that are far more fuel efficient, while still providing the luxuries that RVers expect. Hopefully all of them will have learned from this experience; that they need to keep their ears to the ground and have contingency plans in place on how to react quickly to changes in the RV marketplace.

What can RV consumers expect? Once the glut of RVs is sold off, you can expect fewer RVs to choose from. You will not have a selection of unlimited floor plans to choose from. Depending on the type of RV you are looking at you may find that there are only two or three companies making them. You may also find some very innovative RVs to choose from made by either existing RV Manufacturers or brand new RV Manufacturers who are trying to make a name for themselves. Either way, the RV Industry will still be around, hopefully a little bit wiser from their experience over the past couple of years.

RVing is not dead; it is just trying to catch its breath. The long term future of RVing will be bright as long as the same mistakes are not repeated.

With the appropriate skills and a keen interest in fashion and what looks good, you could well be on the first step to a fabulous career in the beauty industry.

What is the beauty business about?

The beauty industry offers products, treatments and guidance for many who would like to improve their general appearance.

What are the most common jobs in Beauty?

A great deal of people inside the beauty business specialise in one field such as hairdressing, beauty therapy, tanning and nails. Beauty therapists and beauticians undertake a variety of skills and treatments such as ipl (electrical treatments for body hair), dermatology, massage therapy and aromatherapy.

Beauty jobs are carried out in establishments such as salons, spas and hotels. They are often associated with good health and well being.

Nowadays beauty also overlaps into the medical profession with many aesthetic surgery outlets. This creates job openings for aesthetic doctors, nurses and assistants. Beauty consultants are also used to work alongside these professionals.

What do I need to work in this sector?

To work within this industry you must have the skills that are necessary and relevant to your chosen area, for example – Hairdressing, Beauty Therapy, Nails and Make Up. Also required is an in depth knowledge, understanding and passion for the profession.

You must keep up to date with the latest trends, fashions and styles and be able to incorporate this into the solution for your client. It is vital to have good communication skills to converse well with the customer, to interpret their requests and advise on the best outcome that is right for them. Each beauty treatment or haircut must be tailor made to suit each individual taste and preference.

Within this industry there are also many opportunities to be self employed and work as your own boss. It is quite common to find hairdressers or beauty therapists that rent a room or space within an establishment such as a spa or salon. This requires extra skills in accounting and managerial aspects to keep on top of the business for smooth organisation, continued growth and profit.

There are a range of different qualifications inside hairdressing and beauty studies. They are at various levels such as apprenticeships, diplomas, NVQs and degrees.

Most courses are governed by organisations that keep the standard of education and skills at a professional level. This ensures all of the latest practises and techniques are incorporated and undertaken. This includes the current fashions and trends.

Service industry has gained a widespread momentum along with development in the business sector. Many service companies have joined the service industry in recent past. The overall development of service sector has made the business sector transactions really easy and convenient.
Many service companies India initiated the affordable ventures to facilitate the small scale businesses. Even big companies also search for these affordable companies as they provide quality work in lower rates. This ultimately helps in reducing their cost.
Companies with great service support can do work faster and in better way than the one with weak service backup. There are many types of services that a business might need like SEO and Web Design, Insurance, Finance, Dating, Industrial Good and Services, Computer Software etc.
For each kind of service you may need a different service provider. But companies like www.indianbusinesswork.com has changed this algorithm. Companies like indiabusinesswork.com and similar has gained widespread recognition in providing expert services of all kinds in really affordable rates. So it is not always necessary to hire different companies for different services when companies with more options are available.
Internet is considered to the best source of getting the best service company India. Some services like finance are inevitable to businesses whether they are small or big, whether a manufacturing concern or any other type of business. Do you know how many finance business companies are available online? Well the number is increasing at the rate of 15%. This tremendous growth of service companies in India and all over the world is due to the reason that today world has realized the importance of service sector.
There are some absolutely great online India business companies which many people do not know about. These companies are expert in providing services like SEO or search engine optimization and web design services. SEO is a technique by which you increase the page rank of your website. It basically deals with the optimization of your websites keywords to place the website in a better position.
No business can survive well without services. Services are no more a internal part of business sectorhas become a separate field of knowledge.