320
Sewing Success?
Table 11.8 Top 15 Indian Textile and Apparel Firms Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Turnover 2010 (in Rs 10 mil = crores)
Company Aditya Birla Nuvo Ltd., Mumbaia JBF Industries Ltd., Mumbaia Century Textiles & Industries Ltd., Mumbai Alok Industries Ltd., Mumbai S Kumars Nationwide Ltd., Mumbai Vardhman Textiles Ltd., Ludhiana Arvind Ltd., Ahmedabad Raymond Ltd., Mumbai SRF Ltd., Delhi/ National Capital Region (NCR) Indo Rama Synthetics (India) Ltd., Delhi/National Capital Region (NCR) Garden Silk Mills Ltd., Surat Welspun India Ltd., Vapi House of Pearl Fashions Ltd., Delhi/ National Capital Region (NCR) Abhishek Industries Ltd., Ludhiana Bombay Rayon Fashions Ltd., Mumbai
15,769 4,965 4,545 4,319 3,861 3,399 3,300 2,585 2,579 2,558 2,521 2,064 1,878 1,835 1,821
Source: The Economic Times, Top 500 List for 2010, data from http://economictimes.indiatimes.com/et500list.cms. Note: Ranked by turnover in 2010. Crore = 10 million. a. Diversified activities.
Table 11.9 Foreign Direct Investment (FDI) in Indian Textile and Apparel Sectors Year 1991–2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Total 1991–2009
Total FDI ($, billion)
T&A FDI ($, billion)
FDI share of T&A (%)
18.89 3.73 3.79 2.53 3.75 4.36 11.12 19.16 33.03 27.10 144.83
0.244 0.004 0.046 0.018 0.039 0.079 0.118 0.100 0.200 0.200 1.110
1.29 0.11 1.21 0.71 1.04 1.81 1.06 0.52 0.61 0.74 0.77
Source: Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India cf. Ministry of Textiles, available at http://texmin.nic.in/fdi/fdi_home.htm. Note: T&A = textiles and apparel.
(Ministry of Textiles 2009). In short, India’s textile and apparel exports continue to be largely driven by domestic firms. The Indian textile and apparel industries have received considerable support given their important role in the domestic economy. In particular,