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Export Procedure & Documentation

Export Procedure & Documentation

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Published by raj123tech
all u need to complete a MBA Project... mainly for Export Management Courses and International Business
all u need to complete a MBA Project... mainly for Export Management Courses and International Business

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Published by: raj123tech on Aug 22, 2010
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01/15/2015

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1. INTRODUCTION
1.1
INTRODUCTION TO THE INDUSTRY
 
The Indian Textile Industry is one of the largest in the world with a massive raw material andtextile manufacturing base. Our economy is largely dependent on the textile manufacturing and tradein addition to other major industries. About 27% of the foreign exchange earnings are on account of export of textiles and clothing alone. The textiles and clothing sector contributes about 14% to theindustrial production and 3% to the gross domestic product [GDP] of the country.Around 8% of the total excise revenue collection is contributed by the textile industry. So muchso, the textile industry accounts for as large as 21% of the total employment generated in theeconomy. Around 35million people are directly employed in the textile manufacturing activities.Indirect employment including the manpower engaged in agricultural based raw-material productionlike cotton and related trade and handling could be stated to be around another 60million.Indian textile industry is constituted of the following segments: Readymade Garments, CottonTextiles including Handlooms, Man-made Textiles, Silk Textiles, Woollens Textiles, Handicrafts,Coir, and Jute. The Apparel Export Promotion Council [AEPC] represents over 8000 small, medium,and large exporters. The country ranks sixth among the top garment exporting countries globally. Nearly 78% of garments are exported from India are cotton-based. The main products are ladiesgarments, blouses, skirts, T-Shirts and trousers.
INDIAN EXPORT AND IMPORT SCENARIO (2009)
Indian textile trade has undergone massive restructuring following the 1991 liberalization policies. Indian textile exports fell from $200.9 billion in 2008 to $165 billion in 2009. India wasranked 22
nd
in the world in terms of textile export volume. The graph below shows the countries whohave contributed to the total volume of textile exports;
Figure 1.1.1 Indian Textile Export Partners, 2009
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During this period, the growth rate was recorded as 18.11% and the bigger surprise was that theimport sector had experienced a growth rate of 34.30%. India was ranked 15
th
in the world in terms of import volume. The graph below shows the countries who have contributed to the total volume of textile imports;
Figure 1.1.2 Indian Textile Import Partners, 2009
OUTLOOK FOR INDIAN TEXTILE INDUSTRY
The outlook for textile industry in India is very optimistic. It is expected that Indian textileindustry would continue to grow at an impressive rate. Textile industry is being modernized by anexclusive scheme, which has set aside $5bn for investment in improvisation of machinery. India canalso grab opportunities in the export market. The textile industry is anticipated to generate 12mn new jobs in various sectors.
TECHNOLOGY IN TEXTILE INDUSTRY
Textile technology, once considered a handicraft, has become a highly sophisticated,scientific and engineering activity of new types of fibres and technologies. The field encompassesdifferent areas of engineering such as mechanical, electrical, computer, chemical, instrumentation,electronic and structural engineering. Apparel and fashion technology, a part of textile technology has become an important activity for the designing, fashioning and marketing of garments. All thisrequires knowledge of latest technology and the present day textile-design students are poised to takeup the challenge.
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VISION OF INDIA 2010 FOR TEXTILES
Textile economy to grow to $85billion by 2010
Creation of 12 million new jobs in textile sector.
To increase India’s share in world trade to six per cent by 2010.
Achieve export value of $40 billion by 2010.
Modernization and consolidation for creating a globally competitive industry.
1.1
INTRODUCTION TO THE COMPANY 1.1.1About the company
Set up as an SSI unit in the year 1992 with a minimum investment of Rs.1 Cr.Currently having a net worth of Rs.7 Cr 
Purely an Export Oriented Unit [EOU]
It is a Partnership firm promoted by Mrs. & Mr.Duraisamy with an equal share in thecompany
Located 13kms from the knit city Tirupur and 35kms away from the airport.
Well equipped with modern machines occupying an area of 25,000 sq. feet
Manufacturer and Exporter of knitted garments to top end customers in theInternational Market.
Produces styles for kid’s, children, ladies’ and men’s outer wears, night wears andsports wears
Specialized in mercerized knitted fabric garments
It employs about 120 people including contract labour 
Equipped with modern high-speed sewing machines, picoting & zig zag machines, button hole & button stitch machines, Vacuum Steam Iron Tables, Stain removers andFusing machines and others which serve the purpose of completion of an order 
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