WORKING CAPITAL MANAGEMENT IN TEXTILE INDUSTRY IN INDIA

India’s Textile industry is especially stable in the state of Rajasthan, Gujarat, Punjab, Haryana, Maharashtra, Karnataka, Tamilnadu, Madhya Pradesh, and a few of the units are established in other states too. Also, Vehicle of development, Textile is the primary industrial product in the states that are putting more emphasis on agriculture field. This industry is significant from triple viewpoints. One is its share in industrial development, and national growth other is its direct and indirect share in agriculture-based industries, and therefore the last one is employment generation. Its financial capacity is additionally crucial from the perspective of commercial development. A matter arose after considering hard hit by the recession of America initiated 2007 infected Indian textile industry and slowdown by the time of August 2008 (Indian Textile Journal 2012). While the textile industry of India considered at the globe wide catering highest quality product available at all-time low cost and also ends up in a spread of the products available with the bottom price. Textile industry despite all limitations is important as Textile industry sector contributes about 17.28 percent to industrial production, 5.15 percent to the gross domestic product (GDP), and around 21.17 percent to the country's export earnings. Textile is increasing in India. But this industry is facing the issues of liquidity and profitability. Considering the above problems, it's essential to seem into the assets management of those units. For this purpose, various components of liquidity are analyzed, and also the researcher will attempt to know the numerous problems of liquidity management. A controversy has been considered after getting info from various sources. The industry having different dimensional importance, the most problem under study is to test the financial liquidity position of the sample units. The title of the research study is, “Working Capital Management of Textile Industry in India”.

___________________________________________________________________________________

 

Keywords: Textile, Strength, Production, Contribution, Liquidity, Domestic, Financial, Proportion.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download