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The Multi-Fibre Agreement (MFA), that had governed the extent of textile
trade between nations since 1962, expired on 1 January, 2005. It is
expected that, post-MFA, most tariff distortions would gradually disappear
and firms with robust capabilities will gain in the global trade of textile and
apparel. The prize is the $360 bn market which is expected to grow to
about $600 bn by the year 2010 – barely five years after the expiry of MFA.
An important question facing Indian firms is whether their capabilities
and their diverse supply chain are aligned to benefit from the opening up
of global textile market? The history of textiles in India dates back to the
use of mordant dyes and printing blocks around 3000 BC. The diversity of
fibres found in India, intricate weaving on its state-of-art manual looms
and its organic dyes attracted buyers from all over the world for
centuries. The British colonization of India and its industrial policies
destroyed the innovative eco-system and left it technologically
impoverished. Independent India saw the building up of textile
capabilities, diversification of its product base, and its emergence,
once again, as an important global player. Today, the textile and apparel
sector employs 35.0 mn people (and is the 2nd largest employer),
generates 1/5th of the total export earnings and contributes 4 per cent to
the GDP thereby making it the largest industrial sector of the country. This
textile economy is worth US $37 bn and its share of the global market is
about 5.90 per cent. The sector aspires to grow its revenue to US $85bn,
its export value to US $50bn and employment to 12 million by theyear 2010
PLAYERS IN APPARELS MARKET
Corporate/formal wears,
Ethnic wears,
Sports wears
casual wear
REVIEW OF LITERATURE
Agnes Nairn (2008): A total of 40 sites popular with children were inspected
and their commercial content discussed with a range of young people
and parents across the country. By and large the internet is a safe,
exciting and stimulating environment for children. However, it is also clear
that current regulations to protect children from the risks of harm and
deception from online commercial agents need to be tightened andmore
rigorously enforced or self-policed. One of the most important findings is
that 70 percent of sites visited by children are not created with a child-only
audience in mind. The advertising space and merchandising activity is
therefore often unsuitable. The majority of TV programmes watched by
children are, of course, also viewed by adults but the existence of the
watershed is one attempt made to protect children. Of the adverts
encountered across sites, 25 percent were for dating, gambling, credit,
surgery and age-restricted products and services. Children were upset
by intimate dating material and parents worried about the long-term
impact of ubiquitous incitement to borrow and gamble. Advertising
on sites specifically targeting children was often unfair deceptive.
Almost three-quarters of adverts were not labeled and over one-fifth hidden
in the site content. While children gradually learn how to tell entertainment
from commerce the true nature of advergames was not even understood by
16 year-olds. “Free” offers were prolific and many employed pressure tactics
to urge children to buy immediately using mobile phone or solo cards
McConocho and Tully, 1993 Changes in the economic environment have led
to changes in the roles of husbands and wives. The authors concluded that
even though changes in the environment brought changes in the decision-
making roles, these changes could not be generalized to all products.Sex
role orientation involves those values and norms that are related to the
duties and responsibilities of each sex. The behavior of each spouse within
the family is affected by attitude norms and preferences that each spouse
brings into the family. These norms are, in turn, shaped by factors such as
individual attitudes, the attitudes of each spouse's parents.
Filiatrault and Ritchie, 1980 Younger, more educated couples and couples
with higher social class were also found to have modern sex role
norms . It was suggested that couples with modern sex role
orientations will make more joint decisions relative to couples with
more traditional sex role orientations, who will be more likely to have one
spouse dominate the decision-making process. Traditional sex roles are rigid
and tend to make the decision-making in the family less complicated,
i.e. the expected roles and responsibilities of each spouse are quite clear.
With the modern sex roles, the expected behavior of each spouse is
less predictable due to the flexibilities and autonomy associated
with each role, complicating the decision-making process.