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Section C: Textile Industry

Opinions of textile SMEs in the Mumbai cluster

Among the various opinions expressed by the respondents, the opinion that brand building would provide better marketing prospects was ranked the highest.

The other opinions that were ranked high were the need to increase spending on R&D and IT and the challenge posed by the prevailing liquidity crunch coupled with high interest rates.

Expected business growth

Majority of the respondents (about 57%) expect their own business to grow by 10-20% during FY10 and FY11. Of the remaining, nearly 21% have an optimistic outlook and expect their business to grow by more than 30% whereas merely 4% of the respondents expect their business to grow below 10% during FY10 and FY11.

Industry growth prospects

According to the survey respondents’ feedback on the textile industry’s growth prospects, a majority 57% project the industry growth between 0-10% for the next 4-5 years. Around 27% of the remaining respondents are more optimistic about the growth prospects of the textile industry and expect the industry to grow in the range of 10% to 20% whereas merely 3% of the respondents expect the growth in the industry to be stagnant over the next four to five years.

Cluster benefits

The Mumbai cluster provides many benefits for the companies operating in the textile industry reveals the results of the survey. As per the respondents, quality upgradation and better logistical & infrastructural support are the major benefits provided by the Mumbai cluster to the companies in textile industry. The least important benefit provided by the cluster to the textile companies, as per the respondents is the sharing of sector specific skills by the companies in the cluster among themselves.

Future plans

Capacity expansion and entering new markets are at the most prominent features in the future plan of the respondent companies. All the respondent companies in the survey indicate capacity expansion and entering new markets as part of their future plans.