Title: Sustenance of Indian apparel manufacturing industry in post MFA period - a strategic analysis
Authors: V.G. Venkatesh; Ratna Paluri; Sonali Bhattacharya
Addresses: Symbiosis Institute of Business Management, Symbiosis International University, Bengaluru Campus, #95/1, 95/2, Electronics City, Phase-1, Hosur Road, Bengaluru, 560100, Karnataka, India ' Symbiosis Institute of Operations Management, Symbiosis International University, Nashik Campus, Plot No. A-23, Shravan Sector, New Cidco, Nasik, 422008, Maharashtra, India ' Symbiosis Center for Management and Human Resource Development, Symbiosis International University, Symbiosis Infotech Campus, Plot No. 15, Rajiv Gandhi Infotech Park, MIDC, Hinjewadi, Pune, 411057, India
Abstract: India is a leading apparel manufacturing hub by virtue of its traditional involvement in the textile and clothing business. After the phase out of the multi-fibre arrangement (MFA) in 2005, the business dynamics have changed. There is a mixed response to this. It is imperative to study the behaviour in detail. The trend in the industry shows that domestic business is moving up. It is evident that SMEs are facing challenging times and to the closure of their companies too. Various factors contribute to the sustenance. The present study will elucidate those factors in detail and an interpretive structural modelling (ISM) is proposed followed by an MICMAC analysis. The study gives a key input to industry associations to draw out a roadmap for revitalising the apparel manufacturing units.
Keywords: multi-fibre arrangement; MFA; small and medium-sized enterprises; apparel SMEs; India; sustenance; sustainability; apparel manufacturing; garment industry; apparel industry; clothing industry; internationalisation; business dynamics; interpretive structural modelling; ISM; MICMAC analysis.
International Journal of Process Management and Benchmarking, 2016 Vol.6 No.3, pp.343 - 365
Received: 27 Feb 2015
Accepted: 30 Mar 2015
Published online: 07 Jul 2016 *