World Trading Industry

The electronic boom at present has really changed the way people work in today’s modern and fast going world. Everything has become easily accessible. One needs to click few mouse buttons and things are done in just a second. No one had ever imagined that such technological advancement would change the whole world. But, the time has come and everyone should be thankful to the modern technology and the minds that worked in bringing such a big revolution. Yes, from buying tickets to shopping online – everything is possible. This technological advancement has also given a new meaning to the investment world. The so-called online trading is the outcome of electronic revolution.

Unlike traditional brokerage house, today’s trading system is easy and hassle free. Anyone can start trading from anywhere. You need not to contact the broker in person any more. Also there is no paper work – all you need is your online presence. This is the place where online trading companies play a very crucial role. These companies allow investors to trade online and in return they charge a very minimal commission rate. From your online presence to trading – everything is done on the company website. Moreover, there are other services, which are offered by these companies.

Industries are really playing the most crucial role in the Internet based trading process. And, with time, such companies are mushrooming in the market. To lure investors in this competitive environment, stock trading companies are offering more and more services at competitive rates. Though investors are getting benefited, but many get confused in choosing the right industry. In such a situation, investors need to do some comprehensive market research – select some major companies, compare their services, commission rates, and terms and conditions. This practice will really help them in picking up the right industry at affordable rates.

Once you choose the right industry, you need to open an account in order to invest online. And, once your account gets activated, you can trade online. In addition to providing an online account, the company website also provides other services such as online stockbroker, analytical tools, articles, news, stock quotes and more. Out of these services, your broker is one of the most important factors that determine your success in such trading. He is the person who does all kinds of transactions once you pass the instructions. Moreover, he also keeps you abreast of the latest market news, information about major market shares and more.

Many investors think that online trading process is not suitable for them, as they have never worked on computer. This kind of reluctance is normal, but computer knowledge is not compulsory. The company website has been designed in such a fashion that you can easily learn each and everything in just few minutes. Moreover, many company websites also provide video tutorials – watch the tutorial and learn everything without taking anyone’s help. Since, the whole process is done online, investors can manage their funds from any corner of the world.

Online trading process is quite safe. All the company websites come equipped with security tools and investors account information is kept secret. In addition to all these benefits, you can also gain maximum profits in a short span of time. No other investment options are that much profitable.

Overview and Trends

Textile industry in India is considered as a pioneer industry, as India’s industrializations in other fields have succeeded through the resources generated by textile industry. Though, from the early 1970s to the beginning of liberalization in 1992, the industry tended to be isolated as measures taken by the Government (with the apparent objective of protecting the cotton growers, the large labor force and the consumers) have constantly eroded its prosperity.

World over, the Indian textile industry is considered as the second largest industry. It has the biggest cotton acreage of 9 million hectares and is considered as the third largest producer of this fiber. In terms of staple fiber production it comes fourth and sixth for filament yarn production. The country reports about one fourth of global trade in cotton yarn.

With over 15 million people employment, the textile industry accounted for 20 percent of its industrial production. Covering textiles and garments, thirty percent of India’s export comes from this sector, in terms of exports it is the largest contributors for the growth of Indian economy. In spite of high capital and power cost, the Indian textile and garment sector’s strength comes from the availability of cotton, lower labor costs, well skilled supervisory staff and plentiful technical and managerial skills.

Although very few countries are endowed with such resources, today’s globalization has brought new opportunities for the India textile industry. Concurrently, it is exposed to threats, particularly from cheap imported fabrics. Thus, India has to fight for her share in the international textile trade. Even if it is assumed that WTO will mean better distribution of the world trade, the benefits for India will not be any different than for the other developing countries. The Indian textile industry would, therefore, have to not only rely on its strengths but should also endeavor to remove its weakness.

India’s apparel exporters, though, have been employing various strategies to make sure that they remain competitive in the liberalized trading environment of 2005 and beyond. Many manufacturers are taking action for improving production efficiency through advanced automation system, re-engineering of production systems, merging separate production units and backward and forward integration of operations and are keen to expand their production capacity in anticipation of enhanced demand in 2005 and beyond Among other manufacture are seeking changes through diversifying their product ranges, exporting high value apparel and improving their design capabilities and some of are planning to raise added value by setting up joint ventures with foreign firms, to take benefit of their technical, design and marketing proficiency. Others are making relationships with foreign buyers to increase their marketing capability.

Support has also arrived from the Indian government in the removal of restrictions on investment by large companies and foreign investors. The Government has also provided assistance to expand the infrastructure for exporters and has given incentives for techno-logical up-gradation. Though, most important restriction is the inflexibility in labor laws, which cause it hard for large firms to cut their workforces when require.

Textile industry in tenth plan

The Tenth Five Year Plan of India (2002-2007) forecasted a GDP growth rate of 8 percent for which an industrial growth of 10 percent is predicted.

The aim of the Tenth Plan is to facilitate the textile and apparel industry to:

. Develop world class state-of the-art production facility to accomplish and maintain a leading global position in production and export of textiles and clothing.

. Withstand demands of import penetration and uphold a dominant existence in the domestic market.

. To accomplish these aims heavy funds are needed in technology and modernization in critical areas particularly in spinning, weaving, knitting, finishing and apparel sectors.

. The technology up-gradation scheme (TUFS) introduced in 1999 intended to make investments component attractive. This scheme has been established to promote modernization and technology up-gradation in the specified sectors of textile and jute industries.

. The Government of India has also declared the National Textile Policy-2000 to expand a sound and vibrant textile industry. The objectives and plunged areas of the national textile policy cover technology up-gradation, enhancement of productivity, quality consciousness, product diversification and so on.